Topaz Energy Corp.

TPZ.TOTSXEnergy● Active

$32.75

+$0.33(+1.02%)

Market Cap$5.1B

P/E Ratio—

52W High$33.91

52W Low$24.37

Avg Volume690K

Open$32.39

Beta0.53

Free Cash Flow Financials Revenue

Topaz Energy Corp. (TPZ.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

TPZ.TO · FCF · TTM · margin & CAGR

Free cash flow was $303.5M for FY2025 (fiscal year ending 2025-12-31), up 287.8% year-over-year The FCF margin was 93.5%. Five-year CAGR stands at +29.8%.

FY2025 Free Cash Flow$303.5M▲ +287.8% YoY

Trailing 12M (TTM)$279.6Mtrailing 4 quarters sum

FCF Margin93.5%$303.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+29.8%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

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TPZ.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$308.8M(5M)$303.5M▲ +287.8%93.5%

FY2024$276.3M(438M)−$161.6M▼ 165.7%-51.7%

FY2023$300.6M(55M)$246.0M▲ +768.3%76.5%

FY2022$317.9M(355M)−$36.8M▼ 122.7%-10.0%

FY2021$165.0M(3M)$162.2M▲ +96.9%76.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TPZ.TO · P/FCF · FCF yield · FCF per share

Topaz Energy Corp. (TPZ.TO) trades at a FCF yield of 5.51% and a price-to-free-cash-flow ratio of 18.0x. FCF per share stands at $1.82, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.51%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.82

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TPZ.TO · cash flow statement · operating / investing / financing

For FY2025, Topaz Energy Corp. generated $308.8M in operating cash flow and spent 5M in capital expenditures, yielding $303.5M in free cash flow.

Operating Activities

+$308.8M

Cash from core business operations

2025-12-31

Investing Activities

−$132.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$176.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($308.8M) − |CapEx| (5M) = FCF ($303.5M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

TPZ.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Topaz Energy Corp.YOU

TPZ.TO

$303.5M+287.8%93.5%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Topaz Energy Corp. (TPZ.TO) reported free cash flow of $303.5M for FY2025 (fiscal year ending 2025-12-31), up 287.8% year-over-year. The FCF margin was 93.5%.

Based on available data, Topaz Energy Corp. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $303.5M in FY2025. The 5-year CAGR stands at +29.8%.

Topaz Energy Corp.'s FCF yield is 5.51% and price-to-FCF ratio is 18.0x 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.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TPZ.TO free cash flow · 8 questions

Topaz Energy Corp. free cash flow was $303.5M for FY2025, up 287.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $279.6M.

TPZ.TO free cash flowTPZ.TO FCFTPZ.TO FCF 2025TPZ.TO free cash flow TTM

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