FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$642.5M
Trailing twelve-month free cash flow.
Quarter free cash flow
$146.9M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$162.0M
Cash generated by operations before capital spending.
CapEx
$15.0M
Capital spending and related asset purchases.
FCF margin
12.8%
The share of revenue converted into free cash flow.
TTM FCF yield
6.2%
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 | $162.0M | Cash generated by operations before capital spending. |
| Capital expenditures | $15.0M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $146.9M | 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 |
|---|---|---|---|---|---|
| 2025-03-23 | $1.1B | $179.1M | $14.7M | $164.3M | 14.8% |
| 2025-06-15 | $1.1B | $187.8M | $20.5M | $167.3M | 14.6% |
| 2025-09-07 | $1.1B | $185.4M | $21.4M | $164.0M | 14.3% |
| 2026-03-22 | $1.2B | $162.0M | $15.0M | $146.9M | 12.8% |
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. |