Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue rose compared to both the prior quarter and the same quarter last year. However, free cash flow and cash conversion margin improved sequentially but declined year over year, reflecting a mixed performance.
- Operating cash flow increased markedly from the prior quarter, while capital expenditure decreased, resulting in higher free cash flow and an improved margin. Compared to the year-ago period, operating cash flow and free cash flow were lower despite higher revenue, indicating weaker cash conversion efficiency.
- Compared to the immediately preceding quarter, revenue, operating cash flow, free cash flow, and margin all improved. Capital expenditure was lower. Versus the same quarter one year earlier, revenue was higher, but operating cash flow, free cash flow, and margin were lower, while capital expenditure also decreased.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$133.5M
Trailing twelve-month free cash flow.
Quarter free cash flow
$240.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$341.6M
Cash generated by operations before capital spending.
CapEx
$101.6M
Capital spending and related asset purchases.
FCF margin
3.8%
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 |
|---|---|---|---|---|---|
| 2024-12-31 | $5.8B | $155.0M | $181.7M | -$26.7M | -0.5% |
| 2025-03-31 | $5.9B | -$40.8M | $119.8M | -$160.7M | -2.7% |
| 2025-06-30 | $6.2B | $209.9M | $129.0M | $81.0M | 1.3% |
| 2025-09-30 | $6.3B | $341.6M | $101.6M | $240.0M | 3.8% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 106.1% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 1.6% | 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.
Supplier Bankruptcy Filing
A supplier to the global automotive segment filed for Chapter 11 bankruptcy, representing a meaningful portion of segment SKUs and sales. The company is assessing financial exposure but the supplier continues to operate.
Potential disruption to supply chain and inventory availability could pressure future cash flows and margins.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow increased markedly from the prior quarter, while capital expenditure decreased, resulting in higher free cash flow and an improved margin. Compared to the year-ago period, operating cash flow and free cash flow were lower despite higher revenue, indicating weaker cash conversion efficiency.
Compared to the immediately preceding quarter, revenue, operating cash flow, free cash flow, and margin all improved. Capital expenditure was lower. Versus the same quarter one year earlier, revenue was higher, but operating cash flow, free cash flow, and margin were lower, while capital expenditure also decreased.
Monitor the impact of a supplier's Chapter 11 bankruptcy filing, which represents a portion of the global automotive segment's SKUs and sales, as it may affect supply chain continuity and financial results.