Most free cash flow, latest fiscal year
Free cash flow is the cash a company's operations brought in, less what it spent on property and equipment. These are the companies with the most in their latest fiscal year, among the 2,271 with both figures for the same year in their annual reports to the SEC. Banks and brokers can show very large or negative operating cash flow from customer money passing through.
Top 100
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| # | Company | Ticker | Free cash flow | Operating cash flow | Capital spending | Fiscal year ended | Filing |
|---|---|---|---|---|---|---|---|
| 1 | Apple Inc.Cupertino | AAPL | $98.8B | $111.5B | $12.7B | Sep 2025 | 10-K |
| 2 | NvidiaSanta Clara | NVDA | $96.7B | $102.7B | $6.0B | Jan 2026 | 10-K |
| 3 | Alphabet Inc.Mountain View | GOOGL | $73.3B | $164.7B | $91.4B | Dec 2025 | 10-K |
| 4 | MicrosoftRedmond | MSFT | $67.0B | $182.9B | $115.9B | Jun 2026 | 10-K |
| 5 | Micron TechnologyBoise | MU | $59.0B | $89.7B | $30.7B | Sep 2026 | 10-K |
| 6 | Meta PlatformsMenlo Park | META | $46.1B | $115.8B | $69.7B | Dec 2025 | 10-K |
| 7 | HSBC8 Canada Square | HSBC | $28.3B | $29.8B | $1.4B | Dec 2025 | 10-K |
| 8 | BroadcomPalo Alto | AVGO | $26.9B | $27.5B | $623.0M | Nov 2025 | 10-K |
| 9 | Capital OneMcLean | COF | $26.1B | $27.7B | $1.6B | Dec 2025 | 10-K |
| 10 | Berkshire HathawayOmaha | BRK-B | $25.0B | $46.0B | $20.9B | Dec 2025 | 10-K |
| 11 | ExxonMobilSpring | XOM | $23.6B | $52.0B | $28.4B | Dec 2025 | 10-K |
| 12 | ComcastPhiladelphia | CMCSA | $21.9B | $33.6B | $11.8B | Dec 2025 | 10-K |
| 13 | Visa Inc.Mission Rock | V | $21.6B | $23.1B | $1.5B | Sep 2025 | 10-K |
| 14 | Johnson & JohnsonNew Brunswick | JNJ | $19.7B | $24.5B | $4.8B | Dec 2025 | 10-K |
| 15 | AT&TDallas | T | $19.4B | $40.3B | $20.8B | Dec 2025 | 10-K |
| 16 | T-Mobile USBellevue | TMUS | $18.0B | $27.9B | $10.0B | Dec 2025 | 10-K |
| 17 | AbbVieNorth Chicago | ABBV | $17.8B | $19.0B | $1.2B | Dec 2025 | 10-K |
| 18 | NovartisBasel | NVS | $17.6B | $19.1B | $1.5B | Dec 2025 | 10-K |
| 19 | General MotorsDetroit | GM | $17.6B | $26.9B | $9.3B | Dec 2025 | 10-K |
| 20 | Progressive CorporationMayfield | PGR | $17.2B | $17.5B | $348.0M | Dec 2025 | 10-K |
| 21 | MastercardPurchase | MA | $17.2B | $17.6B | $489.0M | Dec 2025 | 10-K |
| 22 | Chevron CorporationSan Ramon | CVX | $16.6B | $33.9B | $17.3B | Dec 2025 | 10-K |
| 23 | UnitedHealth GroupMinnetonka | UNH | $16.1B | $19.7B | $3.6B | Dec 2025 | 10-K |
| 24 | American ExpressNew York City | AXP | $16.0B | $18.4B | $2.4B | Dec 2025 | 10-K |
| 25 | Procter & GambleOhio | PG | $15.1B | $19.6B | $4.4B | Jun 2026 | 10-K |
| 26 | WalmartBentonville | WMT | $14.9B | $41.6B | $26.6B | Jan 2026 | 10-K |
| 27 | SalesforceSan Francisco | CRM | $14.4B | $15.0B | $594.0M | Jan 2026 | 10-K |
| 28 | Bristol-Myers SquibbNew York City | BMY | $12.8B | $14.2B | $1.3B | Dec 2025 | 10-K |
| 29 | QualcommSan Diego | QCOM | $12.8B | $14.0B | $1.2B | Sep 2025 | 10-K |
| 30 | CiscoSan Jose | CSCO | $12.8B | $14.2B | $1.4B | Jul 2026 | 10-K |
| 31 | The Home DepotCobb County | HD | $12.6B | $16.3B | $3.7B | Feb 2026 | 10-K |
| 32 | Ford Motor CompanyDearborn | F | $12.5B | $21.3B | $8.8B | Dec 2025 | 10-K |
| 33 | Merck & Co.Rahway | MRK | $12.4B | $16.5B | $4.1B | Dec 2025 | 10-K |
| 34 | IBMArmonk | IBM | $12.1B | $13.2B | $1.1B | Dec 2025 | 10-K |
| 35 | AstraZenecaCambridge | AZN | $11.8B | $14.6B | $2.8B | Dec 2025 | 10-K |
| 36 | Anheuser-Busch InBevBrussels | BUD | $11.2B | $14.9B | $3.7B | Dec 2025 | 10-K |
| 37 | AccentureDublin | ACN | $10.9B | $11.5B | $600.0M | Aug 2025 | 10-K |
| 38 | State Street CorporationBoston | STT | $10.8B | $11.9B | $1.1B | Dec 2025 | 10-K |
| 39 | Mercado LibreSaavedra | MELI | $10.8B | $12.1B | $1.3B | Dec 2025 | 10-K |
| 40 | Philip Morris InternationalLausanne | PM | $10.7B | $12.2B | $1.6B | Dec 2025 | 10-K |
| 41 | The Walt Disney CompanyBurbank | DIS | $10.1B | $18.1B | $8.0B | Sep 2025 | 10-K |
| 42 | AllstateNorthbrook | ALL | $9.9B | $10.1B | $228.0M | Dec 2025 | 10-K |
| 43 | AdobeSan Jose | ADBE | $9.9B | $10.0B | $179.0M | Nov 2025 | 10-K |
| 44 | UberSan Francisco | UBER | $9.8B | $10.1B | $336.0M | Dec 2025 | 10-K |
| 45 | Netflix, Inc.Los Gatos | NFLX | $9.5B | $10.1B | $688.2M | Dec 2025 | 10-K |
| 46 | Gilead SciencesFoster City | GILD | $9.5B | $10.0B | $563.0M | Dec 2025 | 10-K |
| 47 | CostcoIssaquah | COST | $9.4B | $15.8B | $6.4B | Aug 2026 | 10-K |
| 48 | BHP GroupMelbourne | BHP | $9.3B | $18.7B | $9.4B | Jun 2025 | 10-K |
| 49 | Booking HoldingsNorwalk | BKNG | $9.1B | $9.4B | $322.0M | Dec 2025 | 10-K |
| 50 | PfizerNew York City | PFE | $9.1B | $11.7B | $2.6B | Dec 2025 | 10-K |
| 51 | AltriaRichmond | MO | $9.1B | $9.3B | $216.0M | Dec 2025 | 10-K |
| 52 | Caterpillar Inc.Irving | CAT | $8.9B | $11.7B | $2.8B | Dec 2025 | 10-K |
| 53 | Charles Schwab CorporationSan Francisco | SCHW | $8.8B | $9.3B | $548.0M | Dec 2025 | 10-K |
| 54 | IntuitMountain View | INTU | $8.7B | $8.8B | $175.0M | Jul 2026 | 10-K |
| 55 | Dell TechnologiesRound Rock | DELL | $8.6B | $11.2B | $2.6B | Jan 2026 | 10-K |
| 56 | AmgenThousand Oaks | AMGN | $8.1B | $10.0B | $1.9B | Dec 2025 | 10-K |
| 57 | RTXArlington County | RTX | $7.9B | $10.6B | $2.6B | Dec 2025 | 10-K |
| 58 | General Motors Financial Company, Inc.Fort Worth, United States | $7.9B | $8.0B | $51.0M | Dec 2025 | 10-K | |
| 59 | CVS HealthRhode Island | CVS | $7.8B | $10.6B | $2.8B | Dec 2025 | 10-K |
| 60 | AmazonSeattle | AMZN | $7.7B | $139.5B | $131.8B | Dec 2025 | 10-K |
| 61 | HCA HealthcareNashville | HCA | $7.7B | $12.6B | $4.9B | Dec 2025 | 10-K |
| 62 | PepsiCoPurchase | PEP | $7.7B | $12.1B | $4.4B | Dec 2025 | 10-K |
| 63 | Lowe'sMooresville | LOW | $7.7B | $9.9B | $2.2B | Jan 2026 | 10-K |
| 64 | Wise Group plcY9 | WSE | $7.5B | $7.6B | $19.6M | Mar 2026 | 10-K |
| 65 | Abbott LaboratoriesNorth Chicago | ABT | $7.4B | $9.6B | $2.2B | Dec 2025 | 10-K |
| 66 | Newmont Mining CorporationDenver | NEM | $7.3B | $10.3B | $3.0B | Dec 2025 | 10-K |
| 67 | McDonald'sChicago | MCD | $7.2B | $10.6B | $3.4B | Dec 2025 | 10-K |
| 68 | NetEaseHangzhou | NTES | $7.1B | $7.3B | $152.3M | Dec 2025 | 10-K |
| 69 | Lockheed MartinBethesda | LMT | $6.9B | $8.6B | $1.6B | Dec 2025 | 10-K |
| 70 | AMDSanta Clara | AMD | $6.7B | $7.7B | $974.0M | Dec 2025 | 10-K |
| 71 | Thermo Fisher Scientific Inc.Waltham | TMO | $6.3B | $7.8B | $1.5B | Dec 2025 | 10-K |
| 72 | TeslaAustin | TSLA | $6.2B | $14.7B | $8.5B | Dec 2025 | 10-K |
| 73 | Arch Capital GroupHamilton | ACGL | $6.1B | $6.2B | $44.0M | Dec 2025 | 10-K |
| 74 | Deere & CompanyMoline | DE | $6.1B | $7.5B | $1.4B | Nov 2025 | 10-K |
| 75 | Equinor ASAStavanger | EQNR | $6.0B | $20.0B | $14.0B | Dec 2025 | 10-K |
| 76 | The HartfordConnecticut | HIG | $5.8B | $5.9B | $169.0M | Dec 2025 | 10-K |
| 77 | McKesson CorporationIrving | MCK | $5.7B | $6.2B | $436.0M | Mar 2026 | 10-K |
| 78 | Applied MaterialsSanta Clara | AMAT | $5.7B | $8.0B | $2.3B | Oct 2025 | 10-K |
| 79 | PayPal HoldingsSan Jose | PYPL | $5.6B | $6.4B | $852.0M | Dec 2025 | 10-K |
| 80 | Union Pacific CorporationOmaha | UNP | $5.5B | $9.3B | $3.8B | Dec 2025 | 10-K |
| 81 | Northern TrustChicago | NTRS | $5.5B | $5.5B | $74.0M | Dec 2025 | 10-K |
| 82 | S&P GlobalNew York City | SPGI | $5.5B | $5.7B | $195.0M | Dec 2025 | 10-K |
| 83 | Medtronic plcIreland | MDT | $5.4B | $7.3B | $1.9B | Apr 2026 | 10-K |
| 84 | HoneywellCharlotte | HON | $5.4B | $6.4B | $986.0M | Dec 2025 | 10-K |
| 85 | The Coca-Cola CompanyAtlanta | KO | $5.3B | $7.4B | $2.1B | Dec 2025 | 10-K |
| 86 | Danaher CorporationWashington, D.C. | DHR | $5.3B | $6.4B | $1.2B | Dec 2025 | 10-K |
| 87 | Cco Holdings LLCStamford, Connecticut | $5.2B | $16.9B | $11.6B | Dec 2025 | 10-K | |
| 88 | The Bank of New York MellonNew York City | BNY | $5.2B | $6.7B | $1.6B | Dec 2025 | 10-K |
| 89 | FedExMemphis | FDX | $5.1B | $8.9B | $3.8B | May 2026 | 10-K |
| 90 | Linde GroupDublin | LIN | $5.1B | $10.3B | $5.3B | Dec 2025 | 10-K |
| 91 | Marsh & McLennan CompaniesNew York City | MRSH | $5.0B | $5.3B | $291.0M | Dec 2025 | 10-K |
| 92 | TJX CompaniesFramingham | TJX | $4.9B | $6.9B | $2.0B | Jan 2026 | 10-K |
| 93 | Lam ResearchFremont | LRCX | $4.9B | $5.9B | $966.4M | Jun 2026 | 10-K |
| 94 | SLBHouston | SLB | $4.8B | $6.5B | $1.7B | Dec 2025 | 10-K |
| 95 | Marathon PetroleumFindlay | MPC | $4.8B | $8.3B | $3.5B | Dec 2025 | 10-K |
| 96 | United Parcel ServiceSandy Springs | UPS | $4.8B | $8.4B | $3.7B | Dec 2025 | 10-K |
| 97 | ServiceNowSanta Clara | NOW | $4.6B | $5.4B | $868.0M | Dec 2025 | 10-K |
| 98 | Blackstone Inc.New York City | BX | $4.5B | $4.7B | $115.7M | Dec 2025 | 10-K |
| 99 | Cardinal HealthDublin | CAH | $4.5B | $5.2B | $649.0M | Jun 2026 | 10-K |
| 100 | Sea LtdSingapore | SE | $4.5B | $5.0B | $513.8M | Dec 2025 | 10-K |
Showing the top 100 of 1,000. Download all 1,000 as CSV.
Source: annual reports (Form 10-K) filed with the SEC, read from SEC EDGAR company facts (XBRL). Each company’s latest fiscal year that ended in the last 18 months; only amounts reported in US dollars, so most foreign companies are not included. Each figure links to its filing. Commodity and investment trusts are left out. Capital spending that company facts lack (companies that tag it as “productive assets”, such as Amazon and Nvidia) comes from the full cash flow statement in the SEC Financial Statement and Notes data sets.