FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$391.3M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$14.8M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$41.1M
Cash generated by operations before capital spending.
CapEx
$55.9M
Capital spending and related asset purchases.
FCF margin
-1.5%
The share of revenue converted into free cash flow.
TTM FCF yield
3.5%
TTM FCF divided by market capitalization.
FCF reconciliation
Free cash flow is not a GAAP line item; it should be bridged from the cash flow statement.
| Operating cash flow | $41.1M | Cash generated by operations before capital spending. |
| Capital expenditures | $55.9M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | -$14.8M | Operating cash flow less capital spending. |
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 |
|---|---|---|---|---|---|
| 2025-06-28 | $1.0B | $204.6M | $35.3M | $169.3M | 16.4% |
| 2025-09-27 | $1.0B | $213.8M | $35.6M | $178.2M | 17.7% |
| 2025-12-27 | $994.2M | $147.5M | $89.0M | $58.6M | 5.9% |
| 2026-03-28 | $995.8M | $41.1M | $55.9M | -$14.8M | -1.5% |
Risks and tripwires
Observable signals that would weaken the free cash flow thesis.
| Risk | Tripwire | Why it matters |
|---|---|---|
| FCF margin compression | FCF margin falls for two consecutive quarters. | Cash conversion may be weakening before earnings show it. |
| Capital intensity rises | CapEx/revenue moves materially above the recent run rate. | More operating cash flow would be consumed before becoming FCF. |
| Working capital drag | Inventory or receivables grow faster than revenue. | Reported growth may not translate into cash. |