Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue increased from the prior quarter but decreased from the year-ago quarter. Operating cash flow declined from both periods, resulting in a free cash flow margin that weakened sequentially but was stable year-over-year.
- The company generated free cash flow of three hundred seven million dollars on revenue of two point six billion dollars, representing a twelve percent margin. Operating cash flow of three hundred ten million dollars was reduced by minimal capital expenditure of three million dollars, yielding the free cash flow.
- Compared to the immediately preceding quarter, revenue was higher but operating cash flow and free cash flow were lower, causing the margin to weaken. Relative to the same quarter one year earlier, revenue was lower, operating cash flow and free cash flow were also lower, though the margin was essentially stable.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$2.6B
Trailing twelve-month free cash flow.
Quarter free cash flow
$307.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$310.0M
Cash generated by operations before capital spending.
CapEx
$3.0M
Capital spending and related asset purchases.
FCF margin
12.0%
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 |
|---|---|---|---|---|---|
| 2024-06-30 | $2.5B | $742.0M | $5.0M | $737.0M | 29.0% |
| 2024-09-30 | $3.3B | $912.0M | $6.0M | $906.0M | 27.3% |
| 2024-12-31 | $2.5B | $642.0M | $4.0M | $638.0M | 25.1% |
| 2025-03-31 | $2.6B | $310.0M | $3.0M | $307.0M | 12.0% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | -341.1% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.1% | Lower capital intensity usually supports FCF margin. |
| Net cash | $220.0M | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Sequential Cash Flow Weakening
Operating cash flow decreased from the prior quarter while revenue increased, indicating a lower cash conversion efficiency.
This decline in operating cash flow was the primary factor behind the reduced free cash flow and margin.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
The company generated free cash flow of three hundred seven million dollars on revenue of two point six billion dollars, representing a twelve percent margin. Operating cash flow of three hundred ten million dollars was reduced by minimal capital expenditure of three million dollars, yielding the free cash flow.
Compared to the immediately preceding quarter, revenue was higher but operating cash flow and free cash flow were lower, causing the margin to weaken. Relative to the same quarter one year earlier, revenue was lower, operating cash flow and free cash flow were also lower, though the margin was essentially stable.
Monitor the relationship between revenue and operating cash flow, as the current quarter's cash conversion rate was significantly below the prior quarter's level.