FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$740.6M
Trailing twelve-month free cash flow.
Quarter free cash flow
$332.9M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$337.4M
Cash generated by operations before capital spending.
CapEx
$4.5M
Capital spending and related asset purchases.
FCF margin
39.9%
The share of revenue converted into free cash flow.
TTM FCF yield
7.4%
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 | $337.4M | Cash generated by operations before capital spending. |
| Capital expenditures | $4.5M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $332.9M | 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 |
|---|---|---|---|---|---|
| 2025-08-02 | $972.2M | $117.4M | $4.1M | $113.3M | 11.7% |
| 2025-11-01 | $821.0M | $111.3M | $4.3M | $107.0M | 13.0% |
| 2026-01-31 | $1.1B | $193.6M | $6.2M | $187.4M | 17.0% |
| 2026-05-02 | $835.3M | $337.4M | $4.5M | $332.9M | 39.9% |
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. |