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
$98.6M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$156.3M
Cash generated by operations before capital spending.
CapEx
$57.7M
Capital spending and related asset purchases.
FCF margin
5.5%
The share of revenue converted into free cash flow.
TTM FCF yield
4.2%
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 | $156.3M | Cash generated by operations before capital spending. |
| Capital expenditures | $57.7M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $98.6M | 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 |
|---|---|---|---|---|---|
| 2025-08-03 | $1.8B | $282.7M | $52.0M | $230.7M | 12.6% |
| 2025-11-02 | $1.9B | $316.3M | $68.2M | $248.1M | 13.2% |
| 2026-02-01 | $2.4B | $596.9M | $80.9M | $516.0M | 21.9% |
| 2026-05-03 | $1.8B | $156.3M | $57.7M | $98.6M | 5.5% |
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. |