Three-Statement Breakdown
FCF UP
Free cash flow rose 66% to $282.2M, and covered net income 2.54×.
CASH FROM OPS
+62.7%
303
CAPITAL EXPENDITURE
+24.0%
20
FREE CASH FLOW
+66.5%
282
FCF / NET INCOME
+83.9%
2.54×
| Cash flow | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income |
|
119 | 98 | 111 | 128 | 144 | 125 | 123 | 111 | -9.5% | -12.8% | 503 | |
| Stock-based comp |
|
7 | 9 | 7 | 6 | 6 | 8 | 8 | 10 | +16.0% | +59.0% | 32 | |
| Cash from operations |
|
117 | 90 | 108 | 327 | 121 | 153 | 186 | 303 | +62.7% | -7.5% | 762 | |
| Cash conversion |
|
0.98× | 0.92× | 0.97× | 2.56× | 0.84× | 1.22× | 1.51× | 2.72× | +79.8% | +6.2% | 1.52× | |
| Capital expenditures |
|
(13) | (17) | (12) | (12) | (9) | (21) | (17) | (20) | +24.0% | +68.3% | (67) | |
| Free cash flow |
|
104 | 73 | 96 | 315 | 112 | 131 | 170 | 282 | +66.5% | -10.4% | 695 | |
| FCF margin |
|
17.3% | 12.7% | 16.4% | 51.2% | 17.3% | 21.2% | 26.6% | 43.8% | +64.5% | -14.4% | 27.3% | |
| Cash from investing |
|
-59 | -61 | -57 | -56 | -99 | -57 | -64 | -58 | — | — | -278 | |
| Dividends paid |
|
40 | 40 | 42 | 42 | 42 | 42 | 43 | 43 | -1.2% | +1.8% | 170 | |
| Share repurchases |
|
0 | 17 | 18 | -0 | 62 | 63 | 159 | 164 | +2.9% | — | 448 | |
| Debt repayment |
NOT DISCLOSED
|
85 | 80 | 70 | — | 0 | 105 | 165 | — | — | — | — | |
| Cash from financing |
|
-53 | -46 | -37 | -209 | -88 | -103 | -129 | -254 | — | — | -574 | |
| Net change in cash |
|
5 | -18 | 14 | 62 | -66 | -8 | -8 | -9 | — | — | -90 | |
| Ending cash balance |
|
43 | 26 | 40 | 102 | 36 | 28 | 21 | 12 | -41.4% | -88.2% | 12 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM170
CASH FROM OPERATIONS+117
CAPITAL EXPENDITURES-4
ROUNDING-1
TO282
No bridge for this line yet — select Free cash flow to see its QoQ walk.
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SRC 10-K FILED 2026-08-28 ↗