Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Free cash flow improved from the prior quarter, driven by higher operating cash flow and lower capital expenditure, though it was lower than the same quarter last year. The filing contains standard risk factors and management discussion, without specific quarter-level operational details.
- Revenue was higher than both the prior quarter and the year-ago quarter. Operating cash flow increased from the prior quarter but decreased from a year ago. Capital expenditure was lower than the prior quarter but higher than a year ago. Free cash flow margin improved from the prior quarter but weakened from the year-ago period.
- Compared to the prior quarter, free cash flow and margin were significantly higher, reflecting stronger cash generation. However, compared to the same quarter last year, free cash flow and margin were lower, indicating a relative weakening.
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
$566.3M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$633.5M
Cash generated by operations before capital spending.
CapEx
$67.2M
Capital spending and related asset purchases.
FCF margin
23.0%
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 |
|---|---|---|---|---|---|
| 2024-04-28 | $1.7B | $226.8M | $39.5M | $187.3M | 11.3% |
| 2024-07-28 | $1.8B | $246.5M | $31.4M | $215.1M | 12.0% |
| 2024-10-27 | $1.8B | $253.5M | $83.4M | $170.1M | 9.4% |
| 2025-02-02 | $2.5B | $633.5M | $67.2M | $566.3M | 23.0% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 137.9% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 2.7% | Lower capital intensity usually supports FCF margin. |
| Net cash | n/a | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Operating Cash Flow Improvement
Operating cash flow was higher than the prior quarter, leading to a higher free cash flow. This was the strongest observable driver of the sequential increase.
The rise in operating cash flow was the primary factor behind the sequential improvement in free cash flow.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was higher than both the prior quarter and the year-ago quarter. Operating cash flow increased from the prior quarter but decreased from a year ago. Capital expenditure was lower than the prior quarter but higher than a year ago. Free cash flow margin improved from the prior quarter but weakened from the year-ago period.
Compared to the prior quarter, free cash flow and margin were significantly higher, reflecting stronger cash generation. However, compared to the same quarter last year, free cash flow and margin were lower, indicating a relative weakening.
Monitor the free cash flow margin relative to the year-ago quarter, as it declined despite higher revenue.