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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 Sales

Research Frontiers (REFR) FCF Margin (2016 - 2026)

Research Frontiers' FCF Margin history spans 10 years, with the latest figure at 646.24% for Q4 2025.

  • On a quarterly basis, FCF Margin fell 67218.0% to 646.24% in Q4 2025 year-over-year; TTM through Dec 2025 was 118.61%, a 5942.0% decrease, with the full-year FY2025 number at 118.61%, down 5942.0% from a year prior.
  • FCF Margin hit 646.24% in Q4 2025 for Research Frontiers, down from 40.03% in the prior quarter.
  • Over the last five years, FCF Margin for REFR hit a ceiling of 29.85% in Q4 2021 and a floor of 680.95% in Q2 2022.
  • Historically, FCF Margin has averaged 244.83% across 5 years, with a median of 208.36% in 2023.
  • Biggest five-year swings in FCF Margin: skyrocketed 54121bps in 2021 and later crashed -67218bps in 2025.
  • Tracing REFR's FCF Margin over 5 years: stood at 29.85% in 2021, then crashed by -1563bps to 436.66% in 2022, then skyrocketed by 60bps to 175.84% in 2023, then soared by 115bps to 25.93% in 2024, then tumbled by -2592bps to 646.24% in 2025.
  • Business Quant data shows FCF Margin for REFR at 646.24% in Q4 2025, 40.03% in Q3 2025, and 60.45% in Q2 2025.