FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$1.1B
Trailing twelve-month free cash flow.
Quarter free cash flow
$203.6M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$261.9M
Cash generated by operations before capital spending.
CapEx
$58.3M
Capital spending and related asset purchases.
FCF margin
6.4%
The share of revenue converted into free cash flow.
TTM FCF yield
5.6%
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 | $261.9M | Cash generated by operations before capital spending. |
| Capital expenditures | $58.3M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $203.6M | 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 | $2.8B | $96.5M | $77.0M | $19.6M | 0.7% |
| 2025-11-01 | $2.9B | $5.6M | $87.3M | -$81.6M | -2.9% |
| 2026-01-31 | $3.9B | $1.2B | $191.6M | $989.0M | 25.4% |
| 2026-05-02 | $3.2B | $261.9M | $58.3M | $203.6M | 6.4% |
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. |