Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 23.57x is 20% below its estimated 5-year average of 29.32x, near the low end of its estimated 5-year range (12.69x–8302.96x).
As of 2026-09-16T00:15:35.658Z. 34.86% below its estimated 12-month average of 36.18x.
Calculation as of: 2026-09-16T00:15:35.658Z.
Quote observation: 2026-09-15T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 76767ec3d1416393b7451f6a9b5e3d8d384b80ba3cb732cf97fb8d4d4d0e14d4
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
23.57x
EV/FCF RATIO AVG TTM
36.18x
EV/FCF RATIO AVG 3Y
30.33x
EV/FCF RATIO AVG 5Y
29.32x
EV/FCF RATIO AVG 10Y
22.43x
EV/FCF RATIO AVG 15Y
19.91x
EV/FCF RATIO AVG 20Y
21.12x
CURRENT VS TTM AVG
-34.86%
CURRENT VS 3Y AVG
-22.29%
CURRENT VS 5Y AVG
-19.60%
CURRENT VS 10Y AVG
+5.06%
CURRENT VS 15Y AVG
+18.40%
CURRENT VS 20Y AVG
+11.59%
SECTOR MEDIAN · INDUSTRIALS
28.00x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-15.82%
vs the sector median at left
Market Cap
$73.66B
EV/FCF Ratio
35.10x
TTM Avg
33.18x
3Y Avg
33.01x
5Y Avg
32.22x
Market Cap
$75.47B
EV/FCF Ratio
24.53x
TTM Avg
42.30x
3Y Avg
41.95x
5Y Avg
58.15x
Market Cap
$76.39B
EV/FCF Ratio
121.83x
TTM Avg
388.84x
3Y Avg
308.94x
5Y Avg
308.94x
Market Cap
$71.92B
EV/FCF Ratio
98.84x
TTM Avg
28.84x
3Y Avg
258.92x
5Y Avg
149.50x
Market Cap
$77.28B
EV/FCF Ratio
29.49x
TTM Avg
30.57x
3Y Avg
29.52x
5Y Avg
31.95x
Market Cap
$78.26B
EV/FCF Ratio
52.15x
TTM Avg
53.74x
3Y Avg
57.96x
5Y Avg
55.68x
Market Cap
$79.61B
EV/FCF Ratio
43.61x
TTM Avg
44.80x
3Y Avg
47.35x
5Y Avg
43.69x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cummins Inc. (CMI) | $74.24B | 23.57x | 36.18x | 30.33x | 29.32x |
| Canadian National Railway Company (CNI)vs › | $73.66B | 35.10x | 33.18x | 33.01x | 32.22x |
| Northrop Grumman Corporation (NOC)vs › | $75.47B | 24.53x | 42.30x | 41.95x | 58.15x |
| FedEx Corporation (FDX)vs › | $72.93B | 20.05x | 23.13x | 25.35x | 26.76x |
| Bloom Energy Corporation (BE)vs › | $76.39B | 121.83x | 388.84x | 308.94x | 308.94x |
| Norfolk Southern Corporation (NSC)vs › | $71.92B | 98.84x | 28.84x | 258.92x | 149.50x |
| Illinois Tool Works Inc. (ITW)vs › | $77.28B | 29.49x | 30.57x | 29.52x | 31.95x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.26B | 52.15x | 53.74x | 57.96x | 55.68x |
| Cintas Corporation (CTAS)vs › | $79.61B | 43.61x | 44.80x | 47.35x | 43.69x |
| Republic Services, Inc. (RSG)vs › | $68.62B | 24.33x | 31.59x | 35.65x | 34.94x |
EV/FCF
23.6x
P/FCF
22.1x
FCF Yield
4.54%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 24.43x |
| 2026-09-10 | 24.16x |
| 2026-09-09 | 24.35x |
| 2026-09-08 | 24.63x |
| 2026-09-04 | 24.60x |
| 2026-09-03 | 23.97x |
| 2026-09-02 | 24.19x |
| 2026-09-01 | 24.20x |
| 2026-08-31 | 24.75x |
| 2026-08-28 | 24.77x |
| 2026-08-27 | 25.14x |
| 2026-08-26 | 25.32x |
| 2026-08-25 | 25.09x |
| 2026-08-24 | 25.05x |
| 2026-08-21 | 25.71x |
| 2026-08-20 | 25.94x |
| 2026-08-19 | 26.56x |
| 2026-08-18 | 27.07x |
| 2026-08-17 | 27.91x |
| 2026-08-14 | 27.50x |
| 2026-08-13 | 27.52x |
| 2026-08-12 | 27.77x |
| 2026-08-11 | 27.57x |
| 2026-08-10 | 27.65x |
| 2026-08-07 | 28.04x |
| 2026-08-06 | 28.03x |
| 2026-08-05 | 28.28x |
| 2026-08-04 | 35.15x |
| 2026-08-03 | 35.82x |
| 2026-07-31 | 35.06x |
| 2026-07-30 | 35.00x |
| 2026-07-29 | 33.60x |
| 2026-07-28 | 35.45x |
| 2026-07-27 | 36.50x |
| 2026-07-24 | 36.65x |
| 2026-07-23 | 36.66x |
| 2026-07-22 | 36.44x |
| 2026-07-21 | 36.43x |
| 2026-07-20 | 35.33x |
| 2026-07-17 | 35.80x |
| 2026-07-16 | 35.77x |
| 2026-07-15 | 36.72x |
| 2026-07-14 | 37.21x |
| 2026-07-13 | 36.63x |
| 2026-07-10 | 37.23x |
| 2026-07-09 | 37.10x |
| 2026-07-08 | 36.88x |
| 2026-07-07 | 36.41x |
| 2026-07-06 | 37.35x |
| 2026-07-02 | 36.49x |
| 2026-07-01 | 37.56x |
| 2026-06-30 | 39.17x |
| 2026-06-29 | 38.02x |
| 2026-06-26 | 37.75x |
| 2026-06-25 | 39.92x |
| 2026-06-24 | 38.22x |
| 2026-06-23 | 38.43x |
| 2026-06-22 | 39.78x |
| 2026-06-18 | 39.36x |
| 2026-06-17 | 39.41x |
| 2026-06-16 | 38.48x |
| 2026-06-15 | 37.43x |
| 2026-06-12 | 36.38x |
| 2026-06-11 | 36.18x |
| 2026-06-10 | 34.87x |
| 2026-06-09 | 36.88x |
| 2026-06-08 | 37.06x |
| 2026-06-05 | 35.95x |
| 2026-06-04 | 37.34x |
| 2026-06-03 | 37.56x |
| 2026-06-02 | 37.06x |
| 2026-06-01 | 35.55x |
| 2026-05-29 | 35.71x |
| 2026-05-28 | 36.85x |
| 2026-05-27 | 36.81x |
| 2026-05-26 | 36.86x |
| 2026-05-22 | 35.34x |
| 2026-05-21 | 35.30x |
| 2026-05-20 | 36.92x |
| 2026-05-19 | 36.38x |
| 2026-05-18 | 37.33x |
| 2026-05-15 | 38.30x |
| 2026-05-14 | 39.34x |
| 2026-05-13 | 38.98x |
| 2026-05-12 | 38.72x |
| 2026-05-11 | 38.62x |
| 2026-05-08 | 37.42x |
| 2026-05-07 | 37.59x |
| 2026-05-06 | 39.30x |
| 2026-05-05 | 41.53x |
| 2026-05-04 | 40.47x |
| 2026-05-01 | 40.51x |
| 2026-04-30 | 41.30x |
| 2026-04-29 | 39.43x |
| 2026-04-28 | 39.64x |
| 2026-04-27 | 40.70x |
| 2026-04-24 | 40.70x |
| 2026-04-23 | 40.48x |
| 2026-04-22 | 39.45x |
| 2026-04-21 | 39.43x |
| 2026-04-20 | 39.29x |
| 2026-04-17 | 38.75x |
| 2026-04-16 | 37.68x |
| 2026-04-15 | 37.25x |
| 2026-04-14 | 38.07x |
| 2026-04-13 | 38.23x |
| 2026-04-10 | 38.10x |
| 2026-04-09 | 37.80x |
| 2026-04-08 | 36.97x |
| 2026-04-07 | 34.64x |
| 2026-04-06 | 34.37x |
| 2026-04-02 | 34.23x |
| 2026-04-01 | 34.25x |
| 2026-03-31 | 33.55x |
| 2026-03-30 | 32.02x |
| 2026-03-27 | 32.69x |
| 2026-03-26 | 33.08x |
| 2026-03-25 | 34.45x |
| 2026-03-24 | 34.53x |
| 2026-03-23 | 34.15x |
| 2026-03-20 | 33.29x |
| 2026-03-19 | 33.68x |
| 2026-03-18 | 33.86x |
| 2026-03-17 | 33.86x |
| 2026-03-16 | 33.96x |
| 2026-03-13 | 33.42x |
| 2026-03-12 | 33.59x |
| 2026-03-11 | 34.61x |
| 2026-03-10 | 34.76x |
| 2026-03-09 | 34.26x |
| 2026-03-06 | 33.62x |
| 2026-03-05 | 34.60x |
| 2026-03-04 | 35.65x |
| 2026-03-03 | 34.84x |
| 2026-03-02 | 36.02x |
| 2026-02-27 | 36.22x |
| 2026-02-26 | 36.47x |
| 2026-02-25 | 36.84x |
| 2026-02-24 | 37.19x |
| 2026-02-23 | 36.43x |
| 2026-02-20 | 36.77x |
| 2026-02-19 | 36.98x |
| 2026-02-18 | 36.75x |
| 2026-02-17 | 36.91x |
| 2026-02-13 | 37.22x |
| 2026-02-12 | 36.51x |
| 2026-02-11 | 37.10x |
| 2026-02-10 | 38.25x |
| 2026-02-09 | 39.05x |
| 2026-02-06 | 37.62x |
| 2026-02-05 | 35.36x |
| 2026-02-04 | 39.31x |
| 2026-02-03 | 39.13x |
| 2026-02-02 | 38.67x |
| 2026-01-30 | 37.68x |
| 2026-01-29 | 37.99x |
| 2026-01-28 | 37.62x |
| 2026-01-27 | 37.52x |
| 2026-01-26 | 37.14x |
| 2026-01-23 | 37.25x |
| 2026-01-22 | 37.94x |
| 2026-01-21 | 37.88x |
| 2026-01-20 | 36.89x |
| 2026-01-16 | 37.69x |
| 2026-01-15 | 37.44x |
| 2026-01-14 | 36.85x |
| 2026-01-13 | 36.99x |
| 2026-01-12 | 36.67x |
| 2026-01-09 | 36.06x |
| 2026-01-08 | 35.59x |
| 2026-01-07 | 35.26x |
| 2026-01-06 | 35.73x |
| 2026-01-05 | 34.82x |
| 2026-01-02 | 34.23x |
| 2025-12-31 | 33.52x |
| 2025-12-30 | 33.71x |
| 2025-12-29 | 33.78x |
| 2025-12-26 | 34.05x |
| 2025-12-24 | 33.96x |
| 2025-12-23 | 33.93x |
| 2025-12-22 | 34.06x |
| 2025-12-19 | 33.30x |
| 2025-12-18 | 32.92x |
| 2025-12-17 | 32.73x |
| 2025-12-16 | 33.77x |
| 2025-12-15 | 33.94x |
| 2025-12-12 | 33.50x |
| 2025-12-11 | 34.31x |
| 2025-12-10 | 34.38x |
| 2025-12-09 | 32.90x |
| 2025-12-08 | 33.36x |
| 2025-12-05 | 33.53x |
| 2025-12-04 | 33.54x |
| 2025-12-03 | 33.36x |
| 2025-12-02 | 32.98x |
| 2025-12-01 | 32.65x |
| 2025-11-28 | 32.76x |
| 2025-11-26 | 32.71x |
| 2025-11-25 | 32.58x |
| 2025-11-24 | 32.01x |
| 2025-11-21 | 31.21x |
| 2025-11-20 | 30.77x |
| 2025-11-19 | 31.26x |
| 2025-11-18 | 30.75x |
| 2025-11-17 | 30.21x |
| 2025-11-14 | 30.61x |
| 2025-11-13 | 30.91x |
| 2025-11-12 | 31.64x |
| 2025-11-11 | 31.43x |
| 2025-11-10 | 31.93x |
| 2025-11-07 | 31.26x |
| 2025-11-06 | 42.63x |
| 2025-11-05 | 40.65x |
| 2025-11-04 | 39.77x |
| 2025-11-03 | 40.52x |
| 2025-10-31 | 40.52x |
| 2025-10-30 | 40.55x |
| 2025-10-29 | 40.82x |
| 2025-10-28 | 38.56x |
| 2025-10-27 | 39.13x |
| 2025-10-24 | 39.16x |
| 2025-10-23 | 38.85x |
| 2025-10-22 | 38.03x |
| 2025-10-21 | 38.87x |
| 2025-10-20 | 38.54x |
| 2025-10-17 | 38.35x |
| 2025-10-16 | 39.26x |
| 2025-10-15 | 39.32x |
| 2025-10-14 | 38.76x |
| 2025-10-13 | 38.12x |
| 2025-10-10 | 38.46x |
| 2025-10-09 | 39.60x |
| 2025-10-08 | 40.41x |
| 2025-10-07 | 40.23x |
| 2025-10-06 | 40.62x |
| 2025-10-03 | 40.11x |
| 2025-10-02 | 40.09x |
| 2025-10-01 | 39.43x |
| 2025-09-30 | 39.24x |
| 2025-09-29 | 38.99x |
| 2025-09-26 | 38.88x |
| 2025-09-25 | 38.54x |
| 2025-09-24 | 38.87x |
| 2025-09-23 | 39.39x |
| 2025-09-22 | 39.45x |
| 2025-09-19 | 39.34x |
| 2025-09-18 | 39.57x |
| 2025-09-17 | 38.35x |
| 2025-09-16 | 38.66x |
| 2025-09-15 | 38.55x |
| 2025-09-12 | 38.22x |
| 2025-09-11 | 38.29x |
| 2025-09-10 | 37.81x |
| 2025-09-09 | 36.93x |
| 2025-09-08 | 37.15x |
| 2025-09-05 | 37.35x |
| 2025-09-04 | 37.44x |
| 2025-09-03 | 36.70x |
| 2025-09-02 | 36.96x |
| 2025-08-29 | 37.23x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
