Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue was stable compared to the prior quarter and the same quarter last year. Free cash flow and free cash flow margin decreased versus both the immediately preceding quarter and the year-ago quarter.
- Operating cash flow exceeded capital expenditure, producing positive free cash flow. The free cash flow margin was lower than both the prior quarter and the year-ago quarter, reflecting a lower conversion of revenue into free cash flow.
- Compared to the immediately preceding quarter, operating cash flow and free cash flow were both lower, while capital expenditure was slightly higher. Compared to the same quarter one year earlier, operating cash flow and free cash flow were also lower, with capital expenditure modestly higher.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$1.3B
Trailing twelve-month free cash flow.
Quarter free cash flow
$334.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$431.0M
Cash generated by operations before capital spending.
CapEx
$97.0M
Capital spending and related asset purchases.
FCF margin
19.9%
The share of revenue converted into free cash flow.
Cash flow trend
A short quarterly history shows whether FCF is scaling with revenue or only spiking for one period.
| Period | Revenue | Operating CF | CapEx | FCF | FCF margin |
|---|---|---|---|---|---|
| 2024-04-30 | $1.6B | $333.0M | $103.0M | $230.0M | 14.6% |
| 2024-07-31 | $1.6B | $452.0M | $92.0M | $360.0M | 22.8% |
| 2024-10-31 | $1.7B | $481.0M | $93.0M | $388.0M | 22.8% |
| 2025-01-31 | $1.7B | $431.0M | $97.0M | $334.0M | 19.9% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 105.0% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 5.8% | Lower capital intensity usually supports FCF margin. |
| Net cash | -$1.9B | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Operating cash flow decline
Operating cash flow was lower sequentially and year-over-year despite stable revenue. Capital expenditure increased slightly, further pressuring free cash flow.
The combination of lower operating cash flow and slightly higher capital expenditure resulted in a weakened free cash flow margin.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow exceeded capital expenditure, producing positive free cash flow. The free cash flow margin was lower than both the prior quarter and the year-ago quarter, reflecting a lower conversion of revenue into free cash flow.
Compared to the immediately preceding quarter, operating cash flow and free cash flow were both lower, while capital expenditure was slightly higher. Compared to the same quarter one year earlier, operating cash flow and free cash flow were also lower, with capital expenditure modestly higher.
Monitor the trajectory of operating cash flow, as it declined from both the prior quarter and the year-ago quarter while revenue remained stable.