FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$1.9B
Trailing twelve-month free cash flow.
Quarter free cash flow
$444.2M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$785.6M
Cash generated by operations before capital spending.
CapEx
$341.4M
Capital spending and related asset purchases.
FCF margin
10.2%
The share of revenue converted into free cash flow.
TTM FCF yield
8.0%
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 | $785.6M | Cash generated by operations before capital spending. |
| Capital expenditures | $341.4M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $444.2M | 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 |
|---|---|---|---|---|---|
| 2024-02-03 | $5.0B | $1.3B | $123.4M | $1.1B | 22.8% |
| 2024-05-04 | $4.2B | $695.7M | $316.5M | $379.2M | 9.1% |
| 2024-08-03 | $4.1B | $306.9M | $347.8M | -$40.9M | -1.0% |
| 2024-11-02 | $4.3B | $785.6M | $341.4M | $444.2M | 10.2% |
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. |