Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Free cash flow was higher than both the prior quarter and the year-ago quarter. Revenue and operating cash flow were also higher, while free cash flow margin was lower than the prior quarter but higher than the year-ago quarter.
- Revenue was higher than the prior quarter and the year-ago quarter. Operating cash flow was also higher. Capital expenditure was higher than both prior periods. Free cash flow was higher than both prior periods, while free cash flow margin was lower than the prior quarter but higher than the year-ago quarter.
- Compared to the prior quarter, revenue, operating cash flow, capital expenditure, and free cash flow were all higher, but free cash flow margin was lower. Compared to the same quarter one year earlier, all metrics including free cash flow margin were higher.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$1.1B
Trailing twelve-month free cash flow.
Quarter free cash flow
$404.2M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$441.4M
Cash generated by operations before capital spending.
CapEx
$37.2M
Capital spending and related asset purchases.
FCF margin
29.8%
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 |
|---|---|---|---|---|---|
| 2024-03-31 | $1.0B | $253.2M | $49.6M | $203.6M | 20.2% |
| 2024-06-30 | $1.1B | $156.0M | $29.2M | $126.8M | 12.0% |
| 2024-09-30 | $1.2B | $410.0M | $26.5M | $383.5M | 31.5% |
| 2024-12-31 | $1.4B | $441.4M | $37.2M | $404.2M | 29.8% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 118.8% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 2.7% | Lower capital intensity usually supports FCF margin. |
| Net cash | n/a | 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
Operating cash flow was higher than both the prior quarter and the year-ago quarter.
Free cash flow was higher than both prior periods.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was higher than the prior quarter and the year-ago quarter. Operating cash flow was also higher. Capital expenditure was higher than both prior periods. Free cash flow was higher than both prior periods, while free cash flow margin was lower than the prior quarter but higher than the year-ago quarter.
Compared to the prior quarter, revenue, operating cash flow, capital expenditure, and free cash flow were all higher, but free cash flow margin was lower. Compared to the same quarter one year earlier, all metrics including free cash flow margin were higher.
Capital expenditure was higher than the prior quarter, and its level is a concrete item to monitor in future quarters.