Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue was stable versus the prior year and higher than the preceding quarter. Operating cash flow and free cash flow improved from the prior quarter but were lower than the same quarter last year.
- Operating cash flow as a proportion of revenue increased from the prior quarter, supporting a higher free cash flow margin. Capital expenditure remained relatively stable across all periods.
- Compared to the preceding quarter, revenue, operating cash flow, and free cash flow were all higher, and the free cash flow margin improved. Versus the same quarter one year earlier, revenue was stable while operating cash flow, free cash flow, and margin were lower.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$898.0M
Trailing twelve-month free cash flow.
Quarter free cash flow
$321.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$359.0M
Cash generated by operations before capital spending.
CapEx
$38.0M
Capital spending and related asset purchases.
FCF margin
24.9%
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 |
|---|---|---|---|---|---|
| 2024-01-31 | $1.3B | $328.0M | $47.0M | $281.0M | 22.3% |
| 2024-04-30 | $1.2B | $110.0M | $36.0M | $74.0M | 6.1% |
| 2024-07-31 | $1.2B | $255.0M | $33.0M | $222.0M | 18.2% |
| 2024-10-31 | $1.3B | $359.0M | $38.0M | $321.0M | 24.9% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | -439.7% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 3.0% | Lower capital intensity usually supports FCF margin. |
| Net cash | $6.0M | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Sequential cash flow improvement
Operating cash flow increased from the prior quarter, driving a higher free cash flow and margin. This was the strongest observable driver in the current quarter.
The sequential improvement in cash generation strengthened the quarter's free cash flow profile.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow as a proportion of revenue increased from the prior quarter, supporting a higher free cash flow margin. Capital expenditure remained relatively stable across all periods.
Compared to the preceding quarter, revenue, operating cash flow, and free cash flow were all higher, and the free cash flow margin improved. Versus the same quarter one year earlier, revenue was stable while operating cash flow, free cash flow, and margin were lower.
Monitor the trend in operating cash flow relative to revenue, as it declined year-over-year despite stable revenue.