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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Duolingo (DUOL) FCF Margin (2020 - 2025)

Duolingo has reported FCF Margin over the past 6 years, most recently at 38.96% for Q4 2025.

  • Quarterly results put FCF Margin at 38.96% for Q4 2025, down 566.0% from a year ago — trailing twelve months through Dec 2025 was 36.95% (down 122.0% YoY), and the annual figure for FY2025 was 36.95%, down 122.0%.
  • FCF Margin for Q4 2025 was 38.96% at Duolingo, up from 29.21% in the prior quarter.
  • Over the last five years, FCF Margin for DUOL hit a ceiling of 49.2% in Q1 2024 and a floor of 3.46% in Q2 2021.
  • Median FCF Margin over the past 5 years was 25.49% (2022), compared with a mean of 24.5%.
  • Biggest five-year swings in FCF Margin: surged 2420bps in 2024 and later crashed -566bps in 2025.
  • Duolingo's FCF Margin stood at 4.47% in 2021, then surged by 260bps to 16.1% in 2022, then surged by 111bps to 33.97% in 2023, then surged by 31bps to 44.62% in 2024, then fell by -13bps to 38.96% in 2025.
  • The last three reported values for FCF Margin were 38.96% (Q4 2025), 29.21% (Q3 2025), and 35.01% (Q2 2025) per Business Quant data.