Companies: 10,795·Total market cap: $144.5T
TransAlta Corporation

TransAlta Corporation

TA.TOTSXUtilities● Active
$17.46
$-0.23(-1.30%)
Market Cap$5.2B
P/E Ratio—
52W High$25.03
52W Low$13.8
Free Cash FlowFinancialsRevenue

TransAlta Corporation (TA.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TA.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $397.0M for FY2025 (fiscal year ending 2025-12-31), down 16.4% year-over-year The FCF margin was 16.5%. Five-year CAGR stands at +14.5%.

FY2025 Free Cash Flow$397.0M▼ -16.4% YoY
Trailing 12M (TTM)$517.0Mtrailing 4 quarters sum
FCF Margin16.5%$397.0M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGR+14.5%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
ta.to free cash flow history · ta.to free cash flow chart · ta.to free cash flow growth rate · ta.to free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$397.0M▼ 16.4%16.5%
FY2024$475.0M▼ 17.5%16.7%
FY2023$576.0M▲ +900.0%17.2%
FY2022−$72.0M▼ 114.1%-2.4%
FY2021$512.0M▲ +153.5%18.8%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
ta.to free cash flow 2025 · ta.to free cash flow 2024 · ta.to free cash flow 2023 · ta.to operating cash flow

FCF valuation metrics

TransAlta Corporation (TA.TO) trades at a FCF yield of 9.73% and a price-to-free-cash-flow ratio of 10.0x. FCF per share stands at $1.74, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
9.73%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$1.74
TTM FCF ÷ Shares Outstanding
Price / FCF
x10.0
Share Price ÷ FCF per Share
EV / FCF (TTM)
x18.3
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
ta.to price to free cash flow · ta.to free cash flow yield · ta.to free cash flow per share · ta.to price to cash flow ratio

Cash flow statement summary

For FY2025, TransAlta Corporation generated $646.0M in operating cash flow and spent 249M in capital expenditures, yielding $397.0M in free cash flow.

Operating Activities
+$646.0M
Cash from core business operations
2025-12-31
Investing Activities
−$411.0M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$362.0M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($646.0M) − |CapEx| (249M) = FCF ($397.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
ta.to cash flow statement · ta.to cash flow statement 2025 · ta.to operating cash flow · ta.to cash flow from operations

Free cash flow vs peers (Utilities)

#CompanyFree Cash FlowYoY
#1
TransAlta Corporation
TransAlta CorporationYOU
TA.TO
$397.0M-16.4%
#2
GE Vernova Inc.
GE Vernova Inc.
GEV
$3.71B+118.3%#3
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$3.21B-32.3%#4
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$1.29B+125.6%#5
Duke Energy Corporation
Duke Energy Corporation
DUK
−$1.67B-3583.3%#6
The Southern Company
The Southern Company
SO
−$3.59B-531.0%
Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

TransAlta Corporation (TA.TO) reported free cash flow of $397.0M for FY2025 (fiscal year ending 2025-12-31), down 16.4% year-over-year. The FCF margin was 16.5%.

Based on available data, TransAlta Corporation has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $576.0M in FY2023. The 5-year CAGR stands at +14.5%.

TransAlta Corporation's FCF yield is 9.73% and price-to-FCF ratio is 10.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

TA.TO free cash flow · 8 questions

TransAlta Corporation free cash flow was $397.0M for FY2025, down 16.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $517.0M.

TA.TO free cash flowTA.TO FCFTA.TO FCF 2025TA.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · TransAlta Corporation · TransAlta Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026