← All Indicators

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
A company with $250M in free cash flow and $1B in revenue has a 25% FCF margin ($250M ÷ $1B × 100). It keeps 25 cents of cash from every dollar of sales.

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

Bottom 10

FCF Margin by Company

All 99 tracked stocks with reported FCF Margin, ranked highest first on the latest quarter each has reported.

1 AbCellera Biologics Inc. ABCL AbCellera Biologics Inc. +855.3 pp YoY FCF%587.4%2026Q2 2 Bank of America Corporation BAC Bank of America Corporation +125.3 pp YoY FCF%92.0%2026Q2 3 Sandisk Corporation SNDK Sandisk Corporation +76.4 pp YoY FCF%79.0%FY2026Q4 4 SK hynix Inc. SKHY SK hynix Inc. +47.3 pp YoY FCF%69.0%2026Q2 5 BitMine Immersion Technologies, Inc. BMNR BitMine Immersion Technologies, Inc. −19.5 pp YoY FCF%62.3%FY2026Q3 6 Palantir Technologies Inc. PLTR Palantir Technologies Inc. +9.1 pp YoY FCF%62.1%2026Q2 7 Micron Technology, Inc. MU Micron Technology, Inc. +60.0 pp YoY FCF%60.6%FY2026Q4 8 The Charles Schwab Corporation SCHW The Charles Schwab Corporation +6.1 pp YoY FCF%58.2%2026Q2 9 Robinhood Markets Inc. HOOD Robinhood Markets Inc. −299.8 pp YoY FCF%53.2%2026Q2 10 Visa Inc. V Visa Inc. −9.3 pp YoY FCF%52.8%FY2026Q3 11 Broadcom Inc. AVGO Broadcom Inc. +2.1 pp YoY FCF%46.2%2026Q3 12 GE Vernova Inc. GEV GE Vernova Inc. +43.9 pp YoY FCF%46.0%2026Q2 13 Nasdaq, Inc. NDAQ Nasdaq, Inc. −10.3 pp YoY FCF%42.3%2026Q2 14 Vista Energy, S.A.B. de C.V. VIST Vista Energy, S.A.B. de C.V. +122.1 pp YoY FCF%39.3%2026Q2 15 The Coca-Cola Company KO The Coca-Cola Company +11.3 pp YoY FCF%38.1%2026Q2 16 Mastercard Incorporated MA Mastercard Incorporated −18.6 pp YoY FCF%37.5%2026Q2 17 Unity Software Inc. U Unity Software Inc. +8.2 pp YoY FCF%37.0%2026Q2 18 Palo Alto Networks, Inc. PANW Palo Alto Networks, Inc. −0.1 pp YoY FCF%36.8%FY2026Q4 19 Adobe Inc. ADBE Adobe Inc. +0.6 pp YoY FCF%36.1%2026Q3 20 Docusign, Inc. DOCU Docusign, Inc. +6.6 pp YoY FCF%33.8%FY2027Q2 21 Eli Lilly and Company LLY Eli Lilly and Company +24.8 pp YoY FCF%33.8%2026Q2 22 Occidental Petroleum Corporation OXY Occidental Petroleum Corporation +17.3 pp YoY FCF%32.2%2026Q2 23 Apple Inc. AAPL Apple Inc. +3.2 pp YoY FCF%29.2%2026Q2 24 Cisco Systems, Inc. CSCO Cisco Systems, Inc. +1.6 pp YoY FCF%29.0%FY2026Q4 25 Johnson & Johnson JNJ Johnson & Johnson +16.7 pp YoY FCF%28.8%2026Q2 26 Corning Incorporated GLW Corning Incorporated +18.4 pp YoY FCF%28.7%2026Q2 27 Vertiv Holdings Co VRT Vertiv Holdings Co +17.8 pp YoY FCF%28.3%2026Q2 28 Okta, Inc. OKTA Okta, Inc. +5.9 pp YoY FCF%28.2%2026Q3 29 Intel Corporation INTC Intel Corporation +39.3 pp YoY FCF%27.6%2026Q2 30 The Goldman Sachs Group, Inc. GS The Goldman Sachs Group, Inc. +293.3 pp YoY FCF%27.5%2026Q2 31 Datadog, Inc. DDOG Datadog, Inc. +4.9 pp YoY FCF%27.3%2026Q2 32 Chevron Corporation CVX Chevron Corporation +15.0 pp YoY FCF%25.8%2026Q2 33 CrowdStrike Holdings, Inc. CRWD CrowdStrike Holdings, Inc. +1.4 pp YoY FCF%25.7%FY2027Q2 34 JPMorgan Chase & Co. JPM JPMorgan Chase & Co. +4.2 pp YoY FCF%25.2%2026Q2 35 Taiwan Semiconductor Manufacturing Company Limited TSM Taiwan Semiconductor Manufacturing Company Limited +1.2 pp YoY FCF%22.6%2026Q2 36 NVIDIA Corporation NVDA NVIDIA Corporation −6.6 pp YoY FCF%22.2%FY2027Q2 37 GE Aerospace GE GE Aerospace +3.6 pp YoY FCF%21.9%2026Q2 38 Microsoft Corporation MSFT Microsoft Corporation −11.6 pp YoY FCF%21.8%2026Q2 39 Amcor plc AMCR Amcor plc +3.7 pp YoY FCF%21.3%FY2026Q4 40 PayPal Holdings, Inc. PYPL PayPal Holdings, Inc. +12.1 pp YoY FCF%20.4%2026Q2 41 Siemens AG SIEGY Siemens AG +4.5 pp YoY FCF%20.0%FY2026Q3 42 DoorDash, Inc. DASH DoorDash, Inc. +6.5 pp YoY FCF%19.8%2026Q2 43 Uber Technologies, Inc. UBER Uber Technologies, Inc. +0.1 pp YoY FCF%19.7%2026Q2 44 Affirm Holdings, Inc. AFRM Affirm Holdings, Inc. +17.0 pp YoY FCF%19.7%FY2026Q4 45 The Procter & Gamble Company PG The Procter & Gamble Company +0.1 pp YoY FCF%19.4%2026Q2 46 AbbVie Inc. ABBV AbbVie Inc. −13.3 pp YoY FCF%18.3%2026Q2 47 Shopify Inc. SHOP Shopify Inc. +2.5 pp YoY FCF%18.3%2026Q2 48 MongoDB, Inc. MDB MongoDB, Inc. +6.0 pp YoY FCF%18.1%FY2027Q2 49 Marvell Technology, Inc. MRVL Marvell Technology, Inc. −3.2 pp YoY FCF%17.5%FY2027Q2 50 Bloom Energy Corporation BE Bloom Energy Corporation +71.3 pp YoY FCF%16.4%2026Q2 51 Coinbase Global, Inc. COIN Coinbase Global, Inc. −5.8 pp YoY FCF%16.1%2026Q2 52 Block, Inc. XYZ Block, Inc. +8.9 pp YoY FCF%14.6%2026Q2 53 Zeta Global Holdings Corp. ZETA Zeta Global Holdings Corp. +1.7 pp YoY FCF%14.5%2026Q2 54 Advanced Micro Devices, Inc. AMD Advanced Micro Devices, Inc. −9.0 pp YoY FCF%13.5%2026Q2 55 Netflix, Inc. NFLX Netflix, Inc. −8.3 pp YoY FCF%12.1%2026Q2 56 ServiceNow, Inc. NOW ServiceNow, Inc. −4.5 pp YoY FCF%11.9%2026Q2 57 Cloudflare, Inc. NET Cloudflare, Inc. +1.9 pp YoY FCF%9.7%2026Q2 58 Salesforce, Inc. CRM Salesforce, Inc. +3.8 pp YoY FCF%9.7%2026Q3 59 The Home Depot, Inc. HD The Home Depot, Inc. +1.2 pp YoY FCF%9.4%FY2026Q2 60 UnitedHealth Group Incorporated UNH UnitedHealth Group Incorporated +3.5 pp YoY FCF%9.2%2026Q2 61 Vistra Corp. VST Vistra Corp. +11.1 pp YoY FCF%8.3%2026Q2 62 Exxon Mobil Corporation XOM Exxon Mobil Corporation −5.5 pp YoY FCF%7.3%2025Q3 63 UiPath, Inc. PATH UiPath, Inc. −4.4 pp YoY FCF%7.1%FY2027Q2 64 Zscaler, Inc. ZS Zscaler, Inc. −17.1 pp YoY FCF%6.8%FY2026Q4 65 Super Micro Computer, Inc. SMCI Super Micro Computer, Inc. −8.1 pp YoY FCF%6.5%FY2026Q4 66 Berkshire Hathaway Inc. Class B BRK-B Berkshire Hathaway Inc. Class B −0.2 pp YoY FCF%5.5%2026Q2 67 Snowflake Inc. SNOW Snowflake Inc. +0.3 pp YoY FCF%5.4%FY2027Q2 68 Generac Holdings Inc. GNRC Generac Holdings Inc. +4.0 pp YoY FCF%5.4%2026Q2 69 QUALCOMM Incorporated QCOM QUALCOMM Incorporated −19.9 pp YoY FCF%5.0%FY2026Q3 70 Walmart Inc. WMT Walmart Inc. +0.3 pp YoY FCF%4.0%FY2027Q2 71 Grab Holdings Limited GRAB Grab Holdings Limited −2.8 pp YoY FCF%3.9%2026Q2 72 Meta Platforms, Inc. META Meta Platforms, Inc. −16.1 pp YoY FCF%2.9%2026Q2 73 Costco Wholesale Corporation COST Costco Wholesale Corporation +0.4 pp YoY FCF%2.6%FY2026Q4 74 Carvana Co. CVNA Carvana Co. +7.1 pp YoY FCF%2.5%2026Q2 75 Dell Technologies Inc. DELL Dell Technologies Inc. −4.2 pp YoY FCF%2.1%FY2027Q2 76 Xiaomi Corporation XIACY Xiaomi Corporation −15.9 pp YoY FCF%0.2%2026Q2 77 GitLab Inc. GTLB GitLab Inc. −20.8 pp YoY FCF%-1.2%FY2027Q2 78 Lemonade, Inc. LMND Lemonade, Inc. −4.8 pp YoY FCF%-2.7%2026Q2 79 Amazon.com, Inc. AMZN Amazon.com, Inc. −4.5 pp YoY FCF%-3.8%2026Q2 80 Tesla, Inc. TSLA Tesla, Inc. −4.5 pp YoY FCF%-3.9%2026Q2 81 Strategy Inc MSTR Strategy Inc +27.5 pp YoY FCF%-4.8%2026Q2 82 Alphabet Inc. GOOGL Alphabet Inc. −10.4 pp YoY FCF%-4.9%2026Q2 83 Hims & Hers Health, Inc. HIMS Hims & Hers Health, Inc. +3.7 pp YoY FCF%-8.2%2026Q2 84 Nokia Corporation NOK Nokia Corporation −17.1 pp YoY FCF%-15.2%2026Q2 85 Alibaba Group Holding Limited BABA Alibaba Group Holding Limited −9.0 pp YoY FCF%-16.6%2026Q2 86 Morgan Stanley MS Morgan Stanley −83.4 pp YoY FCF%-16.7%2026Q2 87 Baidu, Inc. BIDU Baidu, Inc. −11.1 pp YoY FCF%-25.4%2026Q2 88 Klarna Group plc KLAR Klarna Group plc −137.6 pp YoY FCF%-25.8%2026Q2 89 Oracle Corporation ORCL Oracle Corporation −25.5 pp YoY FCF%-27.9%FY2027Q1 90 Upstart Holdings, Inc. UPST Upstart Holdings, Inc. +18.0 pp YoY FCF%-38.0%2026Q2 91 Rocket Lab Corporation RKLB Rocket Lab Corporation −8.8 pp YoY FCF%-47.0%2026Q2 92 Iris Energy Limited IREN Iris Energy Limited +14.6 pp YoY FCF%-121.8%2026Q2 93 SpaceX SPCX SpaceX −125.5 pp YoY FCF%-204.1%2026Q2 94 CoreWeave, Inc. CRWV CoreWeave, Inc. −0.1 pp YoY FCF%-223.0%2026Q2 95 Cerebras Systems Inc. CBRS Cerebras Systems Inc. −113.9 pp YoY FCF%-264.7%2026Q2 96 SoFi Technologies, Inc. SOFI SoFi Technologies, Inc. −148.2 pp YoY FCF%-327.2%2026Q2 97 Moderna, Inc. MRNA Moderna, Inc. +261.0 pp YoY FCF%-388.3%2026Q2 98 Nebius NBIS Nebius +59.7 pp YoY FCF%-585.8%2026Q2 99 AST SpaceMobile, Inc. 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.

Related Indicators