Duolingo price to free cash flow DUOL

Market value divided by free cash flow over the last twelve months, since 2022.

Today, Oct 23, 2026: 16.4×
4-year median: 62.6×
Against its 4-year history: 13th; percentile: 0 is its lowest day, 100 its highest
4-year range: 11.4× to 209×
Peer median: 19.2×

Duolingo's price to free cash flow is 16.4× as of Oct 23, 2026.

That is below its 4-year median of 62.6×, lower than on 87% of days in the last 4 years.

Over that time it ranged from 11.4× in Apr 2026 to 209× in Jul 2022.

The median for 10 infrastructure software stocks of a similar size is 19.2×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	16.4×	11.4×	23.0×
2025	23.7×	22.5×	81.3×
2024	61.0×	34.3×	78.5×
2023	84.0×	61.8×	120×
2022	77.9×	74.1×	209×

Against its peers

Companies in Software - Infrastructure nearest Duolingo's size, closest first, today.

Company	Price to free cash flow
DUOLDuolingo	16.4×
OTEXOpen Text	8.4×
CVLTCommvault Systems	27.2×
YOUClear Secure	12.1×
SAICScience Applications International	9.9×
PATHUiPath	20.3×
APPFAppfolio	27.6×
QLYSQualys	23.9×
BOXBox	15.2×
ACIWACI Worldwide	18.1×
WAYWaystar	22.5×
Peer median	19.2×

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 Duolingo

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