Circle Internet Group, Inc.

CRCL Financial Capital Markets

Circle Internet Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 63.9% from fiscal 2024.

Revenue
+16.9%
EPS
−4.30%
Free cash flow
−88.7%

Quarter to September 2026, against a year earlier

69.88 6.24 −8.20%
Market cap
$17.7B
P/E
37.4×
Fwd P/E
65.3×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Circle Internet Group, Inc. (CRCL) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Circle Internet Group, Inc. (CRCL) trades at a price to free cash flow of 26.5×. Over the past ten years it has ranged from 5.5× (June 2025) to 106× (October 2025); the current reading is higher than 13% of that period. That is above the Capital Markets industry median of 9.3× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

Embed this chart

Annual newest first

Period Price to free cash flow Change
FY2025 39.6× 619.70%
FY2024 5.5× 0.00%
FY2023 5.5× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 31.1× 39.18%
Jun 2026 22.4× (58.60%)
Mar 2026 54.1× 36.42%
Dec 2025 39.6× (57.51%)
5 more quarters

Against its own ten years

Low 5.5× High 106×
Ten-year median 41.4×
Current reading's percentile 13

Price to free cash flow against peers

Company Price to free cash flow
BMNR BitMine Immersion Technologies, Inc. compare n/m
JEF Jefferies Financial Group Inc. compare 2.3×
NMR Nomura Holdings Inc ADR compare 5.2×
EVR Evercore Inc compare 6.9×
LPLA LPL Financial Holdings Inc. compare 23.5×
HLI Houlihan Lokey, Inc. compare 24.6×
TW Tradeweb Markets Inc. compare 24.8×
CRCL Circle Internet Group, Inc. 26.5×
SF Stifel Financial Corporation compare 38.5×
Capital Markets industry median 9.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

More on CRCL