Microsoft Corporation MSFT
- Market cap
- $3.68T
- P/E
- 28.7×
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Microsoft Corporation (MSFT) Price to free cash flow
As of 25 September 2026, Microsoft Corporation (MSFT) trades at a price to free cash flow of 57.3×. Over the past ten years it has ranged from 8.9× (April 2015) to 57.3× (September 2026) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 17.1× and above the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2026 | 41.4× | (19.87%) |
| FY2025 | 51.6× | 12.68% |
| FY2024 | 45.8× | 7.47% |
| FY2023 | 42.6× | 44.27% |
| FY2022 | 29.6× | (18.89%) |
| FY2021 | 36.4× | 6.41% |
| FY2020 | 34.2× | 25.83% |
| FY2019 | 27.2× | 13.96% |
| FY2018 | 23.9× | 40.32% |
| FY2017 | 17.0× | 4.83% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 41.4× | 9.73% |
| Mar 2026 | 37.7× | (18.79%) |
| Dec 2025 | 46.4× | (5.92%) |
| Sep 2025 | 49.3× | (4.42%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| NBIS Nebius Group N.V. compare | n/m |
| ORCL Oracle Corporation compare | n/m |
| SNPS Synopsys, Inc. compare | 29.7× |
| FTNT Fortinet, Inc. compare | 40.8× |
| MSFT Microsoft Corporation | 57.3× |
| PANW Palo Alto Networks, Inc. compare | 68.2× |
| PLTR Palantir Technologies Inc. compare | 136× |
| CRWD CrowdStrike compare | 170× |
| NET Cloudflare, Inc. compare | 393× |
| Software Infrastructure industry median | 17.1× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
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)))
More on MSFT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement