Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Operating cash flow and free cash flow improved compared to both the prior quarter and the same quarter last year. The free cash flow margin remained stable sequentially but was higher year over year.
- Revenue was unchanged from both comparison periods. Operating cash flow increased, leading to higher free cash flow despite a moderate rise in capital expenditure from the prior quarter. The company's filing notes that its receivable collection and inventory turnover are faster than payment terms, supporting efficient working capital deployment.
- Compared to the prior quarter, free cash flow was higher while the margin was slightly lower. Compared to the same quarter last year, both free cash flow and margin were higher.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$604.4M
Trailing twelve-month free cash flow.
Quarter free cash flow
$167.3M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$187.8M
Cash generated by operations before capital spending.
CapEx
$20.5M
Capital spending and related asset purchases.
FCF margin
14.6%
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 |
|---|---|---|---|---|---|
| 2024-06-16 | $1.1B | $150.7M | $23.5M | $127.2M | 11.6% |
| 2024-09-08 | $1.1B | $172.7M | $27.1M | $145.6M | 13.5% |
| 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% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 127.6% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 1.8% | 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 Growth
Operating cash flow increased from both the prior quarter and the same quarter last year, providing the primary lift to free cash flow.
The higher operating cash flow supported improved free cash flow generation despite a sequential increase in capital expenditure.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was unchanged from both comparison periods. Operating cash flow increased, leading to higher free cash flow despite a moderate rise in capital expenditure from the prior quarter. The company's filing notes that its receivable collection and inventory turnover are faster than payment terms, supporting efficient working capital deployment.
Compared to the prior quarter, free cash flow was higher while the margin was slightly lower. Compared to the same quarter last year, both free cash flow and margin were higher.
Monitor capital expenditure trends, as the current quarter's spending was higher than the prior quarter but lower than the year-ago period.