Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Free cash flow improved compared to both the prior quarter and the same quarter last year, supported by higher revenue and operating cash flow. The free cash flow margin was slightly lower than the year-ago quarter but remained stable relative to the prior quarter.
- Revenue and operating cash flow both increased, while capital expenditure rose moderately, resulting in higher free cash flow. The free cash flow margin was slightly lower than the year-ago quarter but stable compared to the prior quarter.
- Compared to the prior quarter, revenue, operating cash flow, and free cash flow were higher, while capital expenditure also increased. Compared to the same quarter last year, all metrics improved, with revenue and free cash flow showing notable increases.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$1.2B
Trailing twelve-month free cash flow.
Quarter free cash flow
$364.5M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$425.2M
Cash generated by operations before capital spending.
CapEx
$60.7M
Capital spending and related asset purchases.
FCF margin
15.5%
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 |
|---|---|---|---|---|---|
| 2024-03-31 | $1.6B | $137.5M | $35.8M | $101.7M | 6.2% |
| 2024-06-30 | $2.0B | $381.5M | $34.1M | $347.4M | 17.8% |
| 2024-09-30 | $2.1B | $375.1M | $36.4M | $338.7M | 16.3% |
| 2024-12-31 | $2.3B | $425.2M | $60.7M | $364.5M | 15.5% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 248.0% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 2.6% | Lower capital intensity usually supports FCF margin. |
| Net cash | -$1.7B | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Revenue Growth
Revenue was higher than both the prior quarter and the same quarter last year, providing a strong base for cash generation.
Higher revenue supported increased operating cash flow and free cash flow.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue and operating cash flow both increased, while capital expenditure rose moderately, resulting in higher free cash flow. The free cash flow margin was slightly lower than the year-ago quarter but stable compared to the prior quarter.
Compared to the prior quarter, revenue, operating cash flow, and free cash flow were higher, while capital expenditure also increased. Compared to the same quarter last year, all metrics improved, with revenue and free cash flow showing notable increases.
Monitor the trend in capital expenditure, which increased from both the prior quarter and the year-ago quarter.