FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$954.0M
Trailing twelve-month free cash flow.
Quarter free cash flow
$208.2M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$234.8M
Cash generated by operations before capital spending.
CapEx
$26.6M
Capital spending and related asset purchases.
FCF margin
19.5%
The share of revenue converted into free cash flow.
TTM FCF yield
5.1%
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 | $234.8M | Cash generated by operations before capital spending. |
| Capital expenditures | $26.6M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $208.2M | 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 |
|---|---|---|---|---|---|
| 2025-06-27 | $2.0B | $311.2M | $36.7M | $274.5M | 13.7% |
| 2025-09-26 | $43.6M | $164.4M | $28.6M | $135.8M | 311.5% |
| 2025-12-31 | $1.1B | $365.9M | $30.4M | $335.5M | 29.9% |
| 2026-04-03 | $1.1B | $234.8M | $26.6M | $208.2M | 19.5% |
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. |