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 19.27x is 28% below its estimated 5-year average of 26.76x, near the low end of its estimated 5-year range (19.27x–40.98x).
As of 2026-09-24T00:15:49.193Z. 16.68% below its estimated 12-month average of 23.13x.
Calculation as of: 2026-09-24T00:15:49.193Z.
Quote observation: 2026-09-23T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c527657cdfc7bac0a761508d2984e5e7feaea2e3924db347b381e28e90ca2c5a
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
19.27x
EV/FCF RATIO AVG TTM
23.13x
EV/FCF RATIO AVG 3Y
25.35x
EV/FCF RATIO AVG 5Y
26.76x
EV/FCF RATIO AVG 10Y
27.29x
EV/FCF RATIO AVG 15Y
31.93x
EV/FCF RATIO AVG 20Y
35.00x
CURRENT VS TTM AVG
-16.68%
CURRENT VS 3Y AVG
-24.00%
CURRENT VS 5Y AVG
-27.98%
CURRENT VS 10Y AVG
-29.39%
CURRENT VS 15Y AVG
-39.64%
CURRENT VS 20Y AVG
-44.94%
SECTOR MEDIAN · INDUSTRIALS
28.38x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-32.10%
vs the sector median at left
Market Cap
$67.37B
EV/FCF Ratio
22.48x
TTM Avg
19.26x
3Y Avg
17.98x
5Y Avg
17.78x
Market Cap
$70.75B
EV/FCF Ratio
97.51x
TTM Avg
28.84x
3Y Avg
258.92x
5Y Avg
149.50x
Market Cap
$72.28B
EV/FCF Ratio
34.55x
TTM Avg
33.18x
3Y Avg
33.01x
5Y Avg
32.22x
Market Cap
$65.56B
EV/FCF Ratio
23.43x
TTM Avg
31.59x
3Y Avg
35.65x
5Y Avg
34.94x
Market Cap
$73.08B
EV/FCF Ratio
23.88x
TTM Avg
42.30x
3Y Avg
41.95x
5Y Avg
58.15x
Market Cap
$64.23B
EV/FCF Ratio
125.80x
TTM Avg
127.43x
3Y Avg
129.21x
5Y Avg
109.07x
Market Cap
$61.82B
EV/FCF Ratio
47.95x
TTM Avg
54.08x
3Y Avg
55.50x
5Y Avg
59.06x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $68.96B | 19.27x | 23.13x | 25.35x | 26.76x |
| Honeywell International Inc. (HON)vs › | $67.37B | 22.48x | 19.26x | 17.98x | 17.78x |
| Norfolk Southern Corporation (NSC)vs › | $70.75B | 97.51x | 28.84x | 258.92x | 149.50x |
| Canadian National Railway Company (CNI)vs › | $72.28B | 34.55x | 33.18x | 33.01x | 32.22x |
| Republic Services, Inc. (RSG)vs › | $65.56B | 23.43x | 31.59x | 35.65x | 34.94x |
| Cummins Inc. (CMI)vs › | $72.40B | 23.02x | 35.46x | 678.65x | 418.97x |
| Northrop Grumman Corporation (NOC)vs › | $73.08B | 23.88x | 42.30x | 41.95x | 58.15x |
| United Rentals, Inc. (URI)vs › | $64.23B | 125.80x | 127.43x | 129.21x | 109.07x |
| TransDigm Group Incorporated (TDG)vs › | $61.82B | 47.95x | 54.08x | 55.50x | 59.06x |
| Cintas Corporation (CTAS)vs › | $76.82B | 42.12x | 44.80x | 47.35x | 43.69x |
EV/FCF
19.3x
P/FCF
13.5x
FCF Yield
7.42%
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 | 20.49x |
| 2026-09-10 | 20.48x |
| 2026-09-09 | 20.36x |
| 2026-09-08 | 20.59x |
| 2026-09-04 | 20.99x |
| 2026-09-03 | 21.07x |
| 2026-09-02 | 20.70x |
| 2026-09-01 | 21.10x |
| 2026-08-31 | 21.21x |
| 2026-08-28 | 21.38x |
| 2026-08-27 | 21.40x |
| 2026-08-26 | 21.62x |
| 2026-08-25 | 21.51x |
| 2026-08-24 | 21.53x |
| 2026-08-21 | 21.11x |
| 2026-08-20 | 21.15x |
| 2026-08-19 | 21.26x |
| 2026-08-18 | 21.26x |
| 2026-08-17 | 21.41x |
| 2026-08-14 | 21.56x |
| 2026-08-13 | 21.78x |
| 2026-08-12 | 21.19x |
| 2026-08-11 | 20.98x |
| 2026-08-10 | 21.11x |
| 2026-08-07 | 20.80x |
| 2026-08-06 | 20.67x |
| 2026-08-05 | 20.43x |
| 2026-08-04 | 20.55x |
| 2026-08-03 | 20.36x |
| 2026-07-31 | 20.27x |
| 2026-07-30 | 20.33x |
| 2026-07-29 | 20.33x |
| 2026-07-28 | 20.52x |
| 2026-07-27 | 20.43x |
| 2026-07-24 | 20.63x |
| 2026-07-23 | 20.66x |
| 2026-07-22 | 20.91x |
| 2026-07-21 | 20.64x |
| 2026-07-20 | 24.81x |
| 2026-07-17 | 25.18x |
| 2026-07-16 | 25.47x |
| 2026-07-15 | 25.21x |
| 2026-07-14 | 25.22x |
| 2026-07-13 | 25.22x |
| 2026-07-10 | 25.28x |
| 2026-07-09 | 25.06x |
| 2026-07-08 | 25.00x |
| 2026-07-07 | 25.18x |
| 2026-07-06 | 25.01x |
| 2026-07-02 | 25.18x |
| 2026-07-01 | 25.23x |
| 2026-06-30 | 25.19x |
| 2026-06-29 | 25.87x |
| 2026-06-26 | 25.49x |
| 2026-06-25 | 26.10x |
| 2026-06-24 | 25.40x |
| 2026-06-23 | 25.42x |
| 2026-06-22 | 26.06x |
| 2026-06-18 | 25.92x |
| 2026-06-17 | 25.90x |
| 2026-06-16 | 26.45x |
| 2026-06-15 | 26.61x |
| 2026-06-12 | 26.59x |
| 2026-06-11 | 26.57x |
| 2026-06-10 | 25.53x |
| 2026-06-09 | 26.23x |
| 2026-06-08 | 26.14x |
| 2026-06-05 | 26.18x |
| 2026-06-04 | 26.02x |
| 2026-06-03 | 25.82x |
| 2026-06-02 | 26.07x |
| 2026-06-01 | 26.60x |
| 2026-05-29 | 26.21x |
| 2026-05-28 | 26.20x |
| 2026-05-27 | 26.22x |
| 2026-05-26 | 25.69x |
| 2026-05-22 | 25.43x |
| 2026-05-21 | 25.19x |
| 2026-05-20 | 25.10x |
| 2026-05-19 | 24.57x |
| 2026-05-18 | 24.33x |
| 2026-05-15 | 24.60x |
| 2026-05-14 | 24.79x |
| 2026-05-13 | 24.33x |
| 2026-05-12 | 24.63x |
| 2026-05-11 | 24.74x |
| 2026-05-08 | 24.73x |
| 2026-05-07 | 24.61x |
| 2026-05-06 | 24.67x |
| 2026-05-05 | 24.02x |
| 2026-05-04 | 23.80x |
| 2026-05-01 | 25.41x |
| 2026-04-30 | 25.84x |
| 2026-04-29 | 25.18x |
| 2026-04-28 | 25.25x |
| 2026-04-27 | 25.15x |
| 2026-04-24 | 25.15x |
| 2026-04-23 | 25.36x |
| 2026-04-22 | 25.06x |
| 2026-04-21 | 25.45x |
| 2026-04-20 | 25.41x |
| 2026-04-17 | 25.35x |
| 2026-04-16 | 24.83x |
| 2026-04-15 | 24.12x |
| 2026-04-14 | 24.35x |
| 2026-04-13 | 24.43x |
| 2026-04-10 | 24.53x |
| 2026-04-09 | 24.66x |
| 2026-04-08 | 24.50x |
| 2026-04-07 | 23.76x |
| 2026-04-06 | 23.85x |
| 2026-04-02 | 23.97x |
| 2026-04-01 | 23.87x |
| 2026-03-31 | 23.73x |
| 2026-03-30 | 23.08x |
| 2026-03-27 | 23.18x |
| 2026-03-26 | 23.43x |
| 2026-03-25 | 23.79x |
| 2026-03-24 | 23.90x |
| 2026-03-23 | 23.71x |
| 2026-03-20 | 23.85x |
| 2026-03-19 | 23.20x |
| 2026-03-18 | 22.91x |
| 2026-03-17 | 23.14x |
| 2026-03-16 | 23.03x |
| 2026-03-13 | 23.00x |
| 2026-03-12 | 23.07x |
| 2026-03-11 | 23.44x |
| 2026-03-10 | 23.35x |
| 2026-03-09 | 23.43x |
| 2026-03-06 | 23.34x |
| 2026-03-05 | 23.98x |
| 2026-03-04 | 24.46x |
| 2026-03-03 | 24.39x |
| 2026-03-02 | 24.60x |
| 2026-02-27 | 24.59x |
| 2026-02-26 | 24.62x |
| 2026-02-25 | 24.39x |
| 2026-02-24 | 24.57x |
| 2026-02-23 | 24.44x |
| 2026-02-20 | 24.66x |
| 2026-02-19 | 24.42x |
| 2026-02-18 | 24.42x |
| 2026-02-17 | 24.06x |
| 2026-02-13 | 24.04x |
| 2026-02-12 | 23.80x |
| 2026-02-11 | 23.70x |
| 2026-02-10 | 23.73x |
| 2026-02-09 | 23.58x |
| 2026-02-06 | 23.79x |
| 2026-02-05 | 23.55x |
| 2026-02-04 | 23.49x |
| 2026-02-03 | 23.08x |
| 2026-02-02 | 22.26x |
| 2026-01-30 | 21.68x |
| 2026-01-29 | 21.57x |
| 2026-01-28 | 21.34x |
| 2026-01-27 | 21.24x |
| 2026-01-26 | 20.88x |
| 2026-01-23 | 20.87x |
| 2026-01-22 | 21.12x |
| 2026-01-21 | 20.99x |
| 2026-01-20 | 20.72x |
| 2026-01-16 | 21.04x |
| 2026-01-15 | 21.27x |
| 2026-01-14 | 21.29x |
| 2026-01-13 | 21.11x |
| 2026-01-12 | 21.21x |
| 2026-01-09 | 21.23x |
| 2026-01-08 | 21.08x |
| 2026-01-07 | 21.01x |
| 2026-01-06 | 21.03x |
| 2026-01-05 | 20.56x |
| 2026-01-02 | 20.37x |
| 2025-12-31 | 20.17x |
| 2025-12-30 | 20.27x |
| 2025-12-29 | 20.36x |
| 2025-12-26 | 20.51x |
| 2025-12-24 | 20.49x |
| 2025-12-23 | 20.46x |
| 2025-12-22 | 20.35x |
| 2025-12-19 | 20.17x |
| 2025-12-18 | 24.06x |
| 2025-12-17 | 23.80x |
| 2025-12-16 | 23.81x |
| 2025-12-15 | 23.75x |
| 2025-12-12 | 23.91x |
| 2025-12-11 | 23.94x |
| 2025-12-10 | 23.91x |
| 2025-12-09 | 23.42x |
| 2025-12-08 | 23.50x |
| 2025-12-05 | 23.37x |
| 2025-12-04 | 23.36x |
| 2025-12-03 | 23.17x |
| 2025-12-02 | 23.17x |
| 2025-12-01 | 23.32x |
| 2025-11-28 | 23.45x |
| 2025-11-26 | 23.46x |
| 2025-11-25 | 23.35x |
| 2025-11-24 | 22.98x |
| 2025-11-21 | 23.11x |
| 2025-11-20 | 22.78x |
| 2025-11-19 | 22.75x |
| 2025-11-18 | 22.77x |
| 2025-11-17 | 22.86x |
| 2025-11-14 | 23.01x |
| 2025-11-13 | 23.00x |
| 2025-11-12 | 23.07x |
| 2025-11-11 | 23.02x |
| 2025-11-10 | 22.28x |
| 2025-11-07 | 22.72x |
| 2025-11-06 | 22.55x |
| 2025-11-05 | 22.40x |
| 2025-11-04 | 22.18x |
| 2025-11-03 | 22.23x |
| 2025-10-31 | 22.28x |
| 2025-10-30 | 22.02x |
| 2025-10-29 | 22.05x |
| 2025-10-28 | 22.05x |
| 2025-10-27 | 21.93x |
| 2025-10-24 | 21.60x |
| 2025-10-23 | 21.44x |
| 2025-10-22 | 21.51x |
| 2025-10-21 | 21.69x |
| 2025-10-20 | 21.53x |
| 2025-10-17 | 21.42x |
| 2025-10-16 | 21.37x |
| 2025-10-15 | 21.31x |
| 2025-10-14 | 21.25x |
| 2025-10-13 | 20.98x |
| 2025-10-10 | 20.72x |
| 2025-10-09 | 21.38x |
| 2025-10-08 | 21.54x |
| 2025-10-07 | 21.66x |
| 2025-10-06 | 21.92x |
| 2025-10-03 | 21.79x |
| 2025-10-02 | 21.66x |
| 2025-10-01 | 21.51x |
| 2025-09-30 | 21.31x |
| 2025-09-29 | 21.36x |
| 2025-09-26 | 21.42x |
| 2025-09-25 | 21.35x |
| 2025-09-24 | 21.20x |
| 2025-09-23 | 21.20x |
| 2025-09-22 | 21.01x |
| 2025-09-19 | 21.10x |
| 2025-09-18 | 25.27x |
| 2025-09-17 | 25.22x |
| 2025-09-16 | 25.35x |
| 2025-09-15 | 25.22x |
| 2025-09-12 | 25.46x |
| 2025-09-11 | 25.42x |
| 2025-09-10 | 25.22x |
| 2025-09-09 | 25.22x |
| 2025-09-08 | 25.17x |
| 2025-09-05 | 25.35x |
| 2025-09-04 | 25.19x |
| 2025-09-03 | 25.19x |
| 2025-09-02 | 25.12x |
| 2025-08-29 | 25.56x |
Showing the most recent 260 of 3,949 data points. The chart above shows the full history.
