WES FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
WES's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
WES FCF Yield by year
Yearly range of WES’s fcf yield from 2016 to 2026. Over the full period it ranged from -3.4% to 29.3%, averaging 8.1%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.2% | 9.5% | 13.1% | 11.4% |
| 2025 | 7.9% | 9.5% | 11.0% | 9.4% |
| 2024 | 6.5% | 7.6% | 9.1% | 8.8% |
| 2023 | 8.6% | 10.8% | 12.8% | 8.8% |
| 2022 | 12.2% | 14.0% | 16.0% | 13.8% |
| 2021 | 12.5% | 15.9% | 20.9% | 16.1% |
| 2020 | 1.4% | 12.0% | 29.3% | 21.3% |
| 2019 | -2.9% | -0.9% | 1.5% | 1.5% |
| 2018 | -3.4% | -0.1% | 3.1% | -2.9% |
| 2017 | 3.9% | 4.6% | 5.5% | 4.6% |
| 2016 | 2.6% | 3.3% | 3.6% | 3.5% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is WES FCF Yield High or Low Right Now?
Western Midstream Partners, LP's FCF Yield is currently 11.4%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for WES is approximately 8.8%. See all WES valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.