FCF Margin
Free cash flow as a percentage of revenue. Measures how efficiently a company converts sales into actual cash.
Formula
FCF Margin = (Free Cash Flow / Revenue) × 100
How to Interpret
Higher is better. A 20%+ FCF margin is excellent — the company keeps 20 cents of real cash for every dollar of revenue. Below 0% means the company is burning cash.
Why It Matters
Revenue means nothing if it doesn't convert to cash. FCF margin shows the quality of revenue — a company with $10B in revenue but negative FCF is less healthy than one with $1B in revenue and 30% FCF margin.
Top 10
1
ABCL
AbCellera Biologics Inc.
+855.3 pp YoY
FCF%587.4%2026Q2
2
BAC
Bank of America Corporation
+125.3 pp YoY
FCF%92.0%2026Q2
3
SNDK
Sandisk Corporation
+76.4 pp YoY
FCF%79.0%FY2026Q4
4
SKHY
SK hynix Inc.
+47.3 pp YoY
FCF%69.0%2026Q2
5
BMNR
BitMine Immersion Technologies, Inc.
−19.5 pp YoY
FCF%62.3%FY2026Q3
6
PLTR
Palantir Technologies Inc.
+9.1 pp YoY
FCF%62.1%2026Q2
7
MU
Micron Technology, Inc.
+60.0 pp YoY
FCF%60.6%FY2026Q4
8
SCHW
The Charles Schwab Corporation
+6.1 pp YoY
FCF%58.2%2026Q2
9
HOOD
Robinhood Markets Inc.
−299.8 pp YoY
FCF%53.2%2026Q2
10
V
Visa Inc.
−9.3 pp YoY
FCF%52.8%FY2026Q3
Bottom 10
90
UPST
Upstart Holdings, Inc.
+18.0 pp YoY
FCF%-38.0%2026Q2
91
RKLB
Rocket Lab Corporation
−8.8 pp YoY
FCF%-47.0%2026Q2
92
IREN
Iris Energy Limited
+14.6 pp YoY
FCF%-121.8%2026Q2
93
SPCX
SpaceX
−125.5 pp YoY
FCF%-204.1%2026Q2
94
CRWV
CoreWeave, Inc.
−0.1 pp YoY
FCF%-223.0%2026Q2
95
CBRS
Cerebras Systems Inc.
−113.9 pp YoY
FCF%-264.7%2026Q2
96
SOFI
SoFi Technologies, Inc.
−148.2 pp YoY
FCF%-327.2%2026Q2
97
MRNA
Moderna, Inc.
+261.0 pp YoY
FCF%-388.3%2026Q2
98
NBIS
Nebius
+59.7 pp YoY
FCF%-585.8%2026Q2
99
ASTS
AST SpaceMobile, Inc.
+28387.8 pp YoY
FCF%-2204.2%2026Q2
FCF Margin by Company
All 99 tracked stocks with reported FCF Margin, ranked highest first on the latest quarter each has reported.
1
ABCL
AbCellera Biologics Inc.
+855.3 pp YoY
FCF%587.4%2026Q2
2
BAC
Bank of America Corporation
+125.3 pp YoY
FCF%92.0%2026Q2
3
SNDK
Sandisk Corporation
+76.4 pp YoY
FCF%79.0%FY2026Q4
4
SKHY
SK hynix Inc.
+47.3 pp YoY
FCF%69.0%2026Q2
5
BMNR
BitMine Immersion Technologies, Inc.
−19.5 pp YoY
FCF%62.3%FY2026Q3
6
PLTR
Palantir Technologies Inc.
+9.1 pp YoY
FCF%62.1%2026Q2
7
MU
Micron Technology, Inc.
+60.0 pp YoY
FCF%60.6%FY2026Q4
8
SCHW
The Charles Schwab Corporation
+6.1 pp YoY
FCF%58.2%2026Q2
9
HOOD
Robinhood Markets Inc.
−299.8 pp YoY
FCF%53.2%2026Q2
10
V
Visa Inc.
−9.3 pp YoY
FCF%52.8%FY2026Q3
11
AVGO
Broadcom Inc.
+2.1 pp YoY
FCF%46.2%2026Q3
12
GEV
GE Vernova Inc.
+43.9 pp YoY
FCF%46.0%2026Q2
13
NDAQ
Nasdaq, Inc.
−10.3 pp YoY
FCF%42.3%2026Q2
14
VIST
Vista Energy, S.A.B. de C.V.
+122.1 pp YoY
FCF%39.3%2026Q2
15
KO
The Coca-Cola Company
+11.3 pp YoY
FCF%38.1%2026Q2
16
MA
Mastercard Incorporated
−18.6 pp YoY
FCF%37.5%2026Q2
17
U
Unity Software Inc.
+8.2 pp YoY
FCF%37.0%2026Q2
18
PANW
Palo Alto Networks, Inc.
−0.1 pp YoY
FCF%36.8%FY2026Q4
19
ADBE
Adobe Inc.
+0.6 pp YoY
FCF%36.1%2026Q3
20
DOCU
Docusign, Inc.
+6.6 pp YoY
FCF%33.8%FY2027Q2
21
LLY
Eli Lilly and Company
+24.8 pp YoY
FCF%33.8%2026Q2
22
OXY
Occidental Petroleum Corporation
+17.3 pp YoY
FCF%32.2%2026Q2
23
AAPL
Apple Inc.
+3.2 pp YoY
FCF%29.2%2026Q2
24
CSCO
Cisco Systems, Inc.
+1.6 pp YoY
FCF%29.0%FY2026Q4
25
JNJ
Johnson & Johnson
+16.7 pp YoY
FCF%28.8%2026Q2
26
GLW
Corning Incorporated
+18.4 pp YoY
FCF%28.7%2026Q2
27
VRT
Vertiv Holdings Co
+17.8 pp YoY
FCF%28.3%2026Q2
28
OKTA
Okta, Inc.
+5.9 pp YoY
FCF%28.2%2026Q3
29
INTC
Intel Corporation
+39.3 pp YoY
FCF%27.6%2026Q2
30
GS
The Goldman Sachs Group, Inc.
+293.3 pp YoY
FCF%27.5%2026Q2
31
DDOG
Datadog, Inc.
+4.9 pp YoY
FCF%27.3%2026Q2
32
CVX
Chevron Corporation
+15.0 pp YoY
FCF%25.8%2026Q2
33
CRWD
CrowdStrike Holdings, Inc.
+1.4 pp YoY
FCF%25.7%FY2027Q2
34
JPM
JPMorgan Chase & Co.
+4.2 pp YoY
FCF%25.2%2026Q2
35
TSM
Taiwan Semiconductor Manufacturing Company Limited
+1.2 pp YoY
FCF%22.6%2026Q2
36
NVDA
NVIDIA Corporation
−6.6 pp YoY
FCF%22.2%FY2027Q2
37
GE
GE Aerospace
+3.6 pp YoY
FCF%21.9%2026Q2
38
MSFT
Microsoft Corporation
−11.6 pp YoY
FCF%21.8%2026Q2
39
AMCR
Amcor plc
+3.7 pp YoY
FCF%21.3%FY2026Q4
40
PYPL
PayPal Holdings, Inc.
+12.1 pp YoY
FCF%20.4%2026Q2
41
SIEGY
Siemens AG
+4.5 pp YoY
FCF%20.0%FY2026Q3
42
DASH
DoorDash, Inc.
+6.5 pp YoY
FCF%19.8%2026Q2
43
UBER
Uber Technologies, Inc.
+0.1 pp YoY
FCF%19.7%2026Q2
44
AFRM
Affirm Holdings, Inc.
+17.0 pp YoY
FCF%19.7%FY2026Q4
45
PG
The Procter & Gamble Company
+0.1 pp YoY
FCF%19.4%2026Q2
46
ABBV
AbbVie Inc.
−13.3 pp YoY
FCF%18.3%2026Q2
47
SHOP
Shopify Inc.
+2.5 pp YoY
FCF%18.3%2026Q2
48
MDB
MongoDB, Inc.
+6.0 pp YoY
FCF%18.1%FY2027Q2
49
MRVL
Marvell Technology, Inc.
−3.2 pp YoY
FCF%17.5%FY2027Q2
50
BE
Bloom Energy Corporation
+71.3 pp YoY
FCF%16.4%2026Q2
51
COIN
Coinbase Global, Inc.
−5.8 pp YoY
FCF%16.1%2026Q2
52
XYZ
Block, Inc.
+8.9 pp YoY
FCF%14.6%2026Q2
53
ZETA
Zeta Global Holdings Corp.
+1.7 pp YoY
FCF%14.5%2026Q2
54
AMD
Advanced Micro Devices, Inc.
−9.0 pp YoY
FCF%13.5%2026Q2
55
NFLX
Netflix, Inc.
−8.3 pp YoY
FCF%12.1%2026Q2
56
NOW
ServiceNow, Inc.
−4.5 pp YoY
FCF%11.9%2026Q2
57
NET
Cloudflare, Inc.
+1.9 pp YoY
FCF%9.7%2026Q2
58
CRM
Salesforce, Inc.
+3.8 pp YoY
FCF%9.7%2026Q3
59
HD
The Home Depot, Inc.
+1.2 pp YoY
FCF%9.4%FY2026Q2
60
UNH
UnitedHealth Group Incorporated
+3.5 pp YoY
FCF%9.2%2026Q2
61
VST
Vistra Corp.
+11.1 pp YoY
FCF%8.3%2026Q2
62
XOM
Exxon Mobil Corporation
−5.5 pp YoY
FCF%7.3%2025Q3
63
PATH
UiPath, Inc.
−4.4 pp YoY
FCF%7.1%FY2027Q2
64
ZS
Zscaler, Inc.
−17.1 pp YoY
FCF%6.8%FY2026Q4
65
SMCI
Super Micro Computer, Inc.
−8.1 pp YoY
FCF%6.5%FY2026Q4
66
BRK-B
Berkshire Hathaway Inc. Class B
−0.2 pp YoY
FCF%5.5%2026Q2
67
SNOW
Snowflake Inc.
+0.3 pp YoY
FCF%5.4%FY2027Q2
68
GNRC
Generac Holdings Inc.
+4.0 pp YoY
FCF%5.4%2026Q2
69
QCOM
QUALCOMM Incorporated
−19.9 pp YoY
FCF%5.0%FY2026Q3
70
WMT
Walmart Inc.
+0.3 pp YoY
FCF%4.0%FY2027Q2
71
GRAB
Grab Holdings Limited
−2.8 pp YoY
FCF%3.9%2026Q2
72
META
Meta Platforms, Inc.
−16.1 pp YoY
FCF%2.9%2026Q2
73
COST
Costco Wholesale Corporation
+0.4 pp YoY
FCF%2.6%FY2026Q4
74
CVNA
Carvana Co.
+7.1 pp YoY
FCF%2.5%2026Q2
75
DELL
Dell Technologies Inc.
−4.2 pp YoY
FCF%2.1%FY2027Q2
76
XIACY
Xiaomi Corporation
−15.9 pp YoY
FCF%0.2%2026Q2
77
GTLB
GitLab Inc.
−20.8 pp YoY
FCF%-1.2%FY2027Q2
78
LMND
Lemonade, Inc.
−4.8 pp YoY
FCF%-2.7%2026Q2
79
AMZN
Amazon.com, Inc.
−4.5 pp YoY
FCF%-3.8%2026Q2
80
TSLA
Tesla, Inc.
−4.5 pp YoY
FCF%-3.9%2026Q2
81
MSTR
Strategy Inc
+27.5 pp YoY
FCF%-4.8%2026Q2
82
GOOGL
Alphabet Inc.
−10.4 pp YoY
FCF%-4.9%2026Q2
83
HIMS
Hims & Hers Health, Inc.
+3.7 pp YoY
FCF%-8.2%2026Q2
84
NOK
Nokia Corporation
−17.1 pp YoY
FCF%-15.2%2026Q2
85
BABA
Alibaba Group Holding Limited
−9.0 pp YoY
FCF%-16.6%2026Q2
86
MS
Morgan Stanley
−83.4 pp YoY
FCF%-16.7%2026Q2
87
BIDU
Baidu, Inc.
−11.1 pp YoY
FCF%-25.4%2026Q2
88
KLAR
Klarna Group plc
−137.6 pp YoY
FCF%-25.8%2026Q2
89
ORCL
Oracle Corporation
−25.5 pp YoY
FCF%-27.9%FY2027Q1
90
UPST
Upstart Holdings, Inc.
+18.0 pp YoY
FCF%-38.0%2026Q2
91
RKLB
Rocket Lab Corporation
−8.8 pp YoY
FCF%-47.0%2026Q2
92
IREN
Iris Energy Limited
+14.6 pp YoY
FCF%-121.8%2026Q2
93
SPCX
SpaceX
−125.5 pp YoY
FCF%-204.1%2026Q2
94
CRWV
CoreWeave, Inc.
−0.1 pp YoY
FCF%-223.0%2026Q2
95
CBRS
Cerebras Systems Inc.
−113.9 pp YoY
FCF%-264.7%2026Q2
96
SOFI
SoFi Technologies, Inc.
−148.2 pp YoY
FCF%-327.2%2026Q2
97
MRNA
Moderna, Inc.
+261.0 pp YoY
FCF%-388.3%2026Q2
98
NBIS
Nebius
+59.7 pp YoY
FCF%-585.8%2026Q2
99
ASTS
AST SpaceMobile, Inc.
+28387.8 pp YoY
FCF%-2204.2%2026Q2
FY — quarters on the company's own off-calendar fiscal year; unprefixed quarters follow the calendar year.