FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$703.6M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$32.1M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$50.3M
Cash generated by operations before capital spending.
CapEx
$82.4M
Capital spending and related asset purchases.
FCF margin
-3.4%
The share of revenue converted into free cash flow.
TTM FCF yield
8.1%
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 | $50.3M | Cash generated by operations before capital spending. |
| Capital expenditures | $82.4M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | -$32.1M | 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 | $965.0M | $314.2M | $61.5M | $252.7M | 26.2% |
| 2025-10-03 | $1.1B | $200.0M | $56.0M | $144.0M | 13.1% |
| 2026-01-02 | $1.0B | $395.5M | $56.5M | $339.0M | 32.7% |
| 2026-04-03 | $943.7M | $50.3M | $82.4M | -$32.1M | -3.4% |
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. |