BCE Inc.

BCPPFOTCCommunication Services

$13.00

+$2.00(+18.18%)

Market Cap$12.1B

P/E Ratio—

52W High$13

52W Low$11

Avg Volume574.29719

Open$11.00

Beta0.59

Overview

BCE Inc. (BCPPF) Free Cash Flow & Analysis

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

BCPPF · free cash flow · updated Jun 9, 2026

Core FCF metrics

BCPPF · FCF · TTM · margin & CAGR

Free cash flow was $2.56B for FY2024 (fiscal year ending 2024-12-31), down 19.5% year-over-year The FCF margin was 10.5%. Five-year CAGR stands at -8.4%.

FY2024 Free Cash Flow$2.56B▼ -19.5% YoY

Trailing 12M (TTM)$3.96Btrailing 4 quarters sum

FCF Margin10.5%$2.56B ÷ revenue

3-Year CAGR+33.0%FY2021 → FY2024

5-Year CAGR-8.4%FY2019 → FY2024

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 9, 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

BCPPF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$6.99B(4.43B)$2.56B▼ 19.5%10.5%

FY2023$7.95B(4.76B)$3.18B▼ 1.5%12.9%

FY2022$8.37B(5.14B)$3.23B▲ +196.5%13.4%

FY2021$8.01B(6.92B)$1.09B▼ 68.6%4.6%

FY2020$7.75B(4.29B)$3.47B▼ 12.7%15.2%

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

FCF valuation metrics

BCPPF · P/FCF · FCF yield · FCF per share

BCE Inc. (BCPPF) trades at a FCF yield of 8.75% and a price-to-free-cash-flow ratio of 3.0x. FCF per share stands at $4.34, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.75%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.34

TTM FCF ÷ Shares Outstanding

Price / FCF

x3.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x26.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

BCPPF · cash flow statement · operating / investing / financing

For FY2024, BCE Inc. generated $6.99B in operating cash flow and spent 4.43B in capital expenditures, yielding $2.56B in free cash flow.

Operating Activities

+$6.99B

Cash from core business operations

2024-12-31

Investing Activities

−$4.44B

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$1.75B

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($6.99B) − |CapEx| (4.43B) = FCF ($2.56B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

BCPPF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

BCE Inc.YOU

BCPPF

$2.56B-19.5%10.5%

About Free Cash Flow & Methodology

BCE Inc. (BCPPF) reported free cash flow of $2.56B for FY2024 (fiscal year ending 2024-12-31), down 19.5% year-over-year. The FCF margin was 10.5%.

Based on available data, BCE Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.97B in FY2019. The 5-year CAGR stands at -8.4%.

BCE Inc.'s FCF yield is 8.75% and price-to-FCF ratio is 3.0x for FY2024, 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

BCPPF free cash flow · 8 questions

BCE Inc. free cash flow was $2.56B for FY2024, down 19.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.96B.

BCPPF free cash flowBCPPF FCFBCPPF FCF 2024BCPPF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · BCE Inc. · BCE Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026