Codexis price to free cash flow CDXS

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 33.0×; Jul 2023
Peer median: 7.5×

Codexis' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Jul 2023, at 33.0×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2023	33.0×	22.0×	109×
2022	n/m a value too high to mean anything
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	n/m a value too high to mean anything
2018	n/m a value too high to mean anything
2017	n/m a value too high to mean anything
2016	30.1×	26.6×	79.9×

Against its peers

Companies in Chemicals - Specialty nearest Codexis' size, closest first, today.

Company	Price to free cash flow
CDXSCodexis	n/m
ALTOAlto Ingredients	5.6×
LXFRLuxfer	27.9×
LXULSB Industries	7.3×
WLKPWestlake Chemical Partners	1.8×
GPREGreen Plains	7.7×
REXREX AMERICAN RESOURCES	19.3×
Peer median	7.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Codexis

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.