Daqo New Energy (DQ) FCF Margin (2012 - 2026)
Daqo New Energy (DQ) reported FCF Margin of 46.98% for Q3 2026, up 11.04 percentage points from 35.95% a year earlier and up 210.18 percentage points from the prior quarter.
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Analysis
Daqo New Energy (DQ) FCF Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Daqo New Energy's FCF Margin came in at -64.03%, up 41.29 percentage points year-over-year; for FY2025, it came in at -18.54%, up 58.64 percentage points from FY2024.
- FCF Margin has a five-year change of -32.07 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at -77.18% in FY2024 (-99.08 pp), 21.90% in FY2023 (-5.39 pp), 27.28% in FY2022 (+18.92 pp) and 8.37% in FY2021 (-5.17 pp).
- The Q3 2026 figure ranks as the highest quarterly FCF Margin since Q2 2024.
- Year over year, FCF Margin gained in four of the last eight quarters, with an average year-over-year change of -36.30 percentage points.
- The high point for year-over-year FCF Margin in five years was Q4 2025 (a gain of 293.15 percentage points); the low point was Q1 2026 (a drop of 459.79 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -163.20% (Q2 2026), -444.66% (Q1 2026) and -87.34% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 238.84 Bn | 220.98 Bn | 4.44 Bn | 18.90% |
| 2 | Corning | 98.69 Bn | 90.37 Bn | 1.81 Bn | 10.63% |
| 3 | Sherwin Williams | 85.12 Bn | 84.13 Bn | 3.28 Bn | 14.22% |
| 4 | Air Products & Chemicals | 69.02 Bn | 64.21 Bn | 1.04 Bn | 9.79% |
| 5 | LyondellBasell Industries | 38.36 Bn | 26.43 Bn | 1.50 Bn | 16.63% |
| 6 | Nutrien | 34.35 Bn | 30.38 Bn | - | - |
| 7 | Ppg Industries | 27.44 Bn | 20.36 Bn | 1.76 Bn | 9.44% |
| 8 | Qnity Electronics | 26.06 Bn | 22.20 Bn | 743.00 Mn | 12.40% |
| 9 | Ati | 25.56 Bn | 23.51 Bn | 380.20 Mn | 4.34% |
| 10 | Daqo New Energy | 800.81 Mn | -9.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 46.98% |
| Jun 30, 2026 | -163.20% |
| Mar 31, 2026 | -444.66% |
| Dec 31, 2025 | -87.34% |
| Sep 30, 2025 | 35.95% |
| Jun 30, 2025 | -48.40% |
| Mar 31, 2025 | 15.13% |
| Dec 31, 2024 | -380.49% |
| Sep 30, 2024 | -32.32% |
| Jun 30, 2024 | 50.70% |
| Mar 31, 2024 | 43.43% |
| Dec 31, 2023 | -419.61% |
| Sep 30, 2023 | 83.06% |
| Jun 30, 2023 | 32.69% |
| Mar 31, 2023 | 39.03% |
| Mar 31, 2022 | 7.91% |
| Mar 31, 2021 | 90.34% |
| Dec 31, 2020 | -24.16% |
| Sep 30, 2020 | 19.25% |
| Jun 30, 2020 | 11.94% |
API Access
Daqo New Energy FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();