Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue was higher than both the prior quarter and the same quarter last year. Operating cash flow and free cash flow also increased, leading to an improved free cash flow margin compared to the previous quarter.
- Revenue was higher, operating cash flow rose significantly, and capital expenditure increased from both prior periods. The resulting free cash flow was higher, and the free cash flow margin improved sequentially while remaining near the year-ago level.
- Compared to the prior quarter, revenue, operating cash flow, and free cash flow were all higher, and the free cash flow margin improved. Versus the same quarter last year, revenue and free cash flow were higher, the margin was slightly higher, and operating cash flow also increased.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$831.0M
Trailing twelve-month free cash flow.
Quarter free cash flow
$327.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$357.0M
Cash generated by operations before capital spending.
CapEx
$30.0M
Capital spending and related asset purchases.
FCF margin
22.2%
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 |
|---|---|---|---|---|---|
| 2025-03-29 | $1.3B | $178.0M | $20.0M | $158.0M | 12.1% |
| 2025-06-28 | $1.3B | $147.0M | $17.0M | $130.0M | 10.1% |
| 2025-09-27 | $1.3B | $235.0M | $19.0M | $216.0M | 16.4% |
| 2025-12-31 | $1.5B | $357.0M | $30.0M | $327.0M | 22.2% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 467.1% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 2.0% | Lower capital intensity usually supports FCF margin. |
| Net cash | -$2.4B | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Stronger Operating Cash Flow
Operating cash flow was higher than both the prior quarter and the same quarter last year, which supported a higher free cash flow even with increased capital expenditure.
The free cash flow margin improved sequentially and remained comparable to the year-ago level.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was higher, operating cash flow rose significantly, and capital expenditure increased from both prior periods. The resulting free cash flow was higher, and the free cash flow margin improved sequentially while remaining near the year-ago level.
Compared to the prior quarter, revenue, operating cash flow, and free cash flow were all higher, and the free cash flow margin improved. Versus the same quarter last year, revenue and free cash flow were higher, the margin was slightly higher, and operating cash flow also increased.
Capital expenditure increased from both the prior quarter and the year-ago quarter, a trend to monitor for its effect on future free cash flow.