Q2 price to free cash flow QTWO

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

Today, Oct 23, 2026: 20.3×
5-year median: 39.2×
Against its 5-year history: 16th; percentile: 0 is its lowest day, 100 its highest
5-year range: 13.3× to 324×
Peer median: 20.3×

Q2's price to free cash flow is 20.3× as of Oct 23, 2026.

That is below its 5-year median of 39.2×, lower than on 84% of days in the last 5 years.

Over that time it ranged from 13.3× in Jun 2026 to 324× in Feb 2022.

The median for 10 infrastructure software stocks of a similar size is 20.3×.

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	20.3×	13.3×	25.3×
2025	26.7×	21.7×	50.4×
2024	50.8×	32.9×	56.2×
2023	35.5×	27.5×	107×
2022	83.8×	78.6×	324×

Against its peers

Companies in Software - Infrastructure nearest Q2's size, closest first, today.

Company	Price to free cash flow
QTWOQ2	20.3×
CCCCCC Intelligent Solutions	14.7×
FRSHFreshworks	17.3×
WKWorkiva	23.3×
BBBLACKBERRY	56.9×
PSNParsons	17.0×
AVPTAvePoint	34.6×
AGYSAgilysys	42.3×
WAYWaystar	22.5×
SPSCSPS Commerce	16.8×
ACIWACI Worldwide	18.1×
Peer median	20.3×

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 Q2

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