How is free cash flow calculated?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company keeps after maintaining and growing its asset base, which is why it is the pool that funds dividends and buybacks.

Can free cash flow be negative?

Yes. A company investing heavily (building factories, data centers, or networks) can spend more on capex than its operations generate, producing negative free cash flow even with strong operating cash flow. Those names rank near the bottom here.

Browse all

Companies With the Most Free Cash Flow

How This List Is Built

Companies ranked by free cash flow over the last twelve months, converted to US dollars. Free cash flow is what remains from operating cash flow after capital expenditures: the cash available to pay dividends, buy back stock, or cut debt.

We take free cash flow (operating cash flow minus capital expenditures) from the latest four quarterly cash flow statements, convert to US dollars at daily exchange rates, and rank descending. Financials are excluded. Refreshed nightly.

Frequently Asked Questions

How is free cash flow calculated?: Free cash flow is operating cash flow minus capital expenditures. It is the cash a company keeps after maintaining and growing its asset base, which is why it is the pool that funds dividends and buybacks.
Can free cash flow be negative?: Yes. A company investing heavily (building factories, data centers, or networks) can spend more on capex than its operations generate, producing negative free cash flow even with strong operating cash flow. Those names rank near the bottom here.

S&P 500

7,756.03+0.56%43.46

Nasdaq Composite

26,704.70+1.06%279.89

Dow Jones

52,745.44+0.48%249.56

Browse all

Companies With the Most Free Cash Flow

Data as of Oct 21, 2026prices update during market hours (15-min delayed)all figures in USD

Sort:

#Rank	Company				30d	Country
1	Apple Inc.AAPL	$136.68B	$344.74	+1.54%$5.24		US
2	NVIDIA CorporationNVDA	$127.01B	$221.70	+2.42%$5.23		US
3	Samsung Electronics Co., Ltd.005930.KS	$106.87B	$168.29	+5.67%$9.04	—	KR
4	Saudi Arabian Oil Company2222.SR	$80.80B	$6.81	+0.39%$0.03		SA
5	SK hynix Inc.SKHY	$68.66B	$143.06	+2.34%$3.27		KR
6	CITIC Limited0267.HK	$68.24B	$1.59	+0.56%$0.01		HK
7	Microsoft CorporationMSFT	$66.99B	$532.34	+0.09%$0.47		US
8	Alphabet Inc.GOOGL	$53.27B	$334.93	−1.57%$5.35		US
9	Micron Technology, Inc.MU	$52.91B	$917.51	+2.39%$21.44		US
10	Taiwan Semiconductor Manufacturing Company LimitedTSM	$46.49B	$431.27	+1.46%$6.19		TW
11	Meta Platforms, Inc.META	$40.98B	$707.92	+1.97%$13.66		US
12	Broadcom Inc.AVGO	$39.40B	$338.78	+1.32%$4.41		US
13	Shell plcSHEL	$31.55B	$105.47	−0.07%$0.07		GB
14	Exxonmobil Holdings CorporationXOM	$30.55B	$178.42	+0.31%$0.56		US
15	Deutsche Telekom AGDTE.DE	$29.80B	$28.62	−0.86%$0.25		DE
16	PetroChina Company Limited601857.SS	$28.51B	$1.88	−2.26%$0.04		CN
17	Chevron CorporationCVX	$27.01B	$227.57	+0.82%$1.85		US
18	Tencent Holdings Limited80700.HK	$26.84B	$50.26	−4.11%$2.16		CN
19	ASML Holding N.V.ASML	$23.73B	$1,678.51	+2.92%$47.67		NL
20	UnitedHealth Group IncorporatedUNH	$22.83B	$418.17	−0.26%$1.09		US
21	Verizon Communications Inc.VZ	$20.16B	$43.58	−2.16%$0.96		US
22	Eli Lilly and CompanyLLY	$20.05B	$1,273.69	−0.78%$9.96		US
23	CNOOC Limited0883.HK	$19.53B	$3.05	−1.24%$0.04		HK
24	China Mobile Limited0941.HK	$18.81B	$9.88	−3.66%$0.38		HK
25	Johnson & JohnsonJNJ	$18.71B	$256.53	−1.09%$2.83		US
26	Petróleo Brasileiro S.A. - PetrobrasPBR	$18.68B	$25.85	+0.56%$0.14		BR
27	AbbVie Inc.ABBV	$18.21B	$283.31	−2.00%$5.77		US
28	Roche Holding AGROP.SW	$17.89B	$475.12	+0.54%$2.55		CH
29	Comcast CorporationCMCSA	$17.82B	$21.94	−1.87%$0.42		US
30	AT&T Inc.T	$17.65B	$22.02	−5.97%$1.40		US
31	Kweichow Moutai Co., Ltd.600519.SS	$17.51B	$196.13	−1.67%$3.32		CN
32	PDD Holdings Inc.PDD	$16.76B	$78.86	−3.40%$2.77		IE
33	General Motors CompanyGM	$16.50B	$76.04	−1.36%$1.05		US
34	TotalEnergies SETTE	$16.33B	$90.36	+0.31%$0.28		FR
35	BP p.l.c.BP	$16.14B	$49.82	+0.87%$0.43		GB
36	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMOH.DE	$16.10B	$436.03	+0.32%$1.40		FR
37	Merck & Co., Inc.MRK	$16.06B	$149.05	+0.51%$0.75		US
38	Christian Dior SECDI.PA	$15.99B	$475.49	+0.33%$1.57		FR
39	The Procter & Gamble CompanyPG	$15.91B	$157.47	−1.16%$1.85		US
40	T-Mobile US, Inc.TMUS	$15.83B	$153.54	−2.67%$4.21		US
41	Novartis AGNVS	$15.82B	$153.50	−0.09%$0.15		CH
42	Nestlé S.A.NESN.SW	$15.17B	$101.17	+0.43%$0.44		CH
43	Salesforce, Inc.CRM	$15.15B	$242.10	−0.14%$0.33		US
44	The Home Depot, Inc.HD	$15.10B	$313.38	−0.55%$1.73		US
45	The Coca-Cola CompanyKO	$14.30B	$92.59	−0.96%$0.90		US
46	Anheuser-Busch InBev SA/NVBUD	$13.73B	$82.26	−1.28%$1.07		BE
47	International Business Machines CorporationIBM	$13.63B	$246.45	+1.87%$4.53		US
48	Walmart Inc.WMT	$13.51B	$117.72	−0.11%$0.13		US
49	Contemporary Amperex Technology Co., Limited300750.SZ	$13.46B	$34.13	−12.03%$4.67		CN
50	SanofiSNY	$13.21B	$41.00	−0.97%$0.40		FR
51	Marathon Petroleum CorporationMPC	$12.90B	$471.79	−0.69%$3.26		US
52	Philip Morris International Inc.PM	$12.72B	$196.75	−1.58%$3.15		US
53	GE Vernova Inc.GEV	$12.44B	$926.98	+4.12%$36.65		US
54	BHP Group LimitedBHP	$11.97B	$80.26	−1.97%$1.61		AU
55	CVS Health Corp.CVS	$11.76B	$94.16	−0.62%$0.59		US
56	MercadoLibre, Inc.MELI	$11.75B	$1,859.24	−1.08%$20.26		UY
57	Accenture plcACN	$11.62B	$239.11	−0.00%$0.01		IE
58	Sandisk CorporationSNDK	$11.49B	$1,386.10	+1.52%$20.72		US
59	Bristol-Myers Squibb CompanyBMY	$11.44B	$61.00	−1.11%$0.68		US
60	Netflix, Inc.NFLX	$11.38B	$65.76	−4.27%$2.94		US
61	Siemens AGSIE.DE	$11.36B	$299.42	+2.50%$7.30		DE
62	Pfizer Inc.PFE	$10.99B	$29.80	−1.05%$0.31		US
63	Adobe Inc.ADBE	$10.94B	$255.03	−0.66%$1.70		US
64	Cisco Systems, Inc.CSCO	$10.70B	$107.31	+0.56%$0.60		US
65	PepsiCo, Inc.PEP	$10.47B	$134.50	+0.36%$0.48		US
66	QUALCOMM IncorporatedQCOM	$10.42B	$177.93	+1.26%$2.22		US
67	Zijin Mining Group Company Limited601899.SS	$10.35B	$4.32	−0.65%$0.03		CN
68	China Telecom Corporation Limited601728.SS	$10.26B	$0.99	−3.78%$0.04		CN
69	Gilead Sciences, Inc.GILD	$10.23B	$153.25	−2.08%$3.26		US
70	Amgen Inc.AMGN	$10.18B	$437.54	−0.32%$1.40		US
71	Valero Energy CorporationVLO	$10.12B	$434.71	+0.30%$1.29		US
72	Uber Technologies, Inc.UBER	$10.12B	$67.98	−1.40%$0.97		US
73	ConocoPhillipsCOP	$10.06B	$146.64	+0.47%$0.69		US
74	Sony Group CorporationSONY	$9.92B	$25.11	−0.40%$0.10		JP
75	SAP SESAP	$9.80B	$231.83	+1.24%$2.85		DE
76	Newmont CorporationNEM	$9.73B	$116.20	−0.53%$0.61		US
77	Vodafone Group Public Limited CompanyVOD	$9.61B	$15.81	−0.47%$0.07		GB
78	Equinor ASAEQNR	$9.57B	$46.20	+0.95%$0.44		NO
79	Booking Holdings Inc.BKNG	$9.54B	$159.24	−2.85%$4.68		US
80	Costco Wholesale CorporationCOST	$9.39B	$996.87	+0.23%$2.26		US
81	GSK plcGSK	$9.34B	$50.06	−1.13%$0.57		GB
82	Vinci S.A.SQU.DE	$9.29B	$119.88	+0.09%$0.11		FR
83	Mitsubishi Corporation8058.T	$9.15B	$30.02	+0.72%$0.22		JP
84	RTX CorporationRTX	$9.13B	$189.59	−1.94%$3.75		US
85	Cigna CorporationCI	$9.11B	$305.53	−0.35%$1.07		US
86	Altria Group, Inc.MO	$9.11B	$73.68	−1.29%$0.96		US
87	Caterpillar Inc.CAT	$8.99B	$738.16	+1.78%$12.92		US
88	Centene Corp.CNC	$8.97B	$70.59	−0.31%$0.22		US
89	American Electric Power Company, Inc.AEP	$8.96B	$127.76	+0.42%$0.53		US
90	Mercedes-Benz Group AGMBG.DE	$8.96B	$46.07	−0.77%$0.36		DE
91	AstraZeneca PLCAZN	$8.74B	$168.45	−0.22%$0.37		GB
92	SAIC Motor Corporation Limited600104.SS	$8.74B	$1.58	−1.58%$0.03		CN
93	Lockheed Martin CorporationLMT	$8.73B	$545.87	−0.52%$2.84		US
94	China Resources Land Limited1109.HK	$8.68B	$3.85	−0.46%$0.02		HK
95	China State Construction Engineering Corporation Limited601668.SS	$8.65B	$0.68	−0.44%$0.00		CN
96	Siemens Energy AGENR.DE	$8.62B	$150.01	+2.55%$3.73		DE
97	Intuit Inc.INTU	$8.62B	$333.88	−0.42%$1.41		US
98	Dell Technologies Inc.DELL	$8.56B	$484.41	+4.95%$22.85		US
99	L'Oréal S.A.OR.PA	$8.47B	$455.39	+0.43%$1.96		FR
100	Hitachi, Ltd.6501.T	$8.45B	$36.94	+0.52%$0.19		JP
101	Advanced Micro Devices, Inc.AMD	$8.40B	$555.62	+3.90%$20.88		US
102	The Walt Disney CompanyDIS	$8.29B	$111.19	−0.43%$0.48		US
103	Midea Group Co., Ltd.000333.SZ	$8.22B	$12.56	−1.67%$0.21		CN
104	Unilever PLCUL	$8.12B	$64.26	−1.48%$0.97		GB
105	British American Tobacco p.l.c.BTI	$8.10B	$58.69	−0.71%$0.42		GB
106	GE AerospaceGE	$8.02B	$294.40	−1.82%$5.47		US
107	McDonald's CorporationMCD	$7.76B	$245.85	−0.27%$0.67		US
108	Wise plcWSE	$7.63B	$11.09	+0.77%$0.08		GB
109	Thermo Fisher Scientific Inc.TMO	$7.60B	$697.61	+1.49%$10.24		US
110	América Móvil, S.A.B. de C.V.AMX	$7.50B	$24.17	+5.52%$1.27		MX
111	NetEase, Inc.NTES	$7.47B	$123.33	−1.42%$1.78		CN
112	Abbott LaboratoriesABT	$7.38B	$99.18	−3.20%$3.27		US
113	Novo Nordisk A/SNVO	$7.35B	$39.19	−0.42%$0.17		DK
114	Suncor Energy Inc.SU	$7.33B	$79.37	+1.19%$0.93		CA
115	Ford Motor CompanyF	$7.28B	$11.93	−1.85%$0.22		US
116	Kioxia Holdings Corp.285A.T	$7.22B	$85.45	+2.82%$2.34		JP
117	Geely Automobile Holdings Limited0175.HK	$7.05B	$1.85	−2.81%$0.05		HK
118	Lowe's Companies, Inc.LOW	$7.00B	$196.02	−0.64%$1.26		US
119	Bharti Airtel LimitedBHARTIARTL.NS	$6.95B	$20.02	+0.88%$0.17		IN
120	Schneider Electric S.E.SU.PA	$6.94B	$279.61	+1.96%$5.39		FR
121	Deutsche Post AGDHL.DE	$6.94B	$64.97	+0.35%$0.22		DE
122	China Hongqiao Group LimitedCHHQF	$6.75B	$2.50	−4.21%$0.11		CN
123	Canadian Natural Resources LimitedCNQ	$6.68B	$54.74	+1.03%$0.56		CA
124	Emaar Properties PJSCEMAAR.AE	$6.66B	$3.14	+0.35%$0.01		AE
125	EOG Resources, Inc.EOG	$6.61B	$158.51	+0.38%$0.60		US
126	Enka Insaat ve Sanayi A.S.ENKAI.IS	$6.55B	$1.53	−2.70%$0.04		TR
127	Elevance Health Inc.ELV	$6.51B	$440.45	+0.06%$0.27		US
128	Union Pacific CorporationUNP	$6.50B	$287.49	−0.04%$0.12		US
129	Diamondback Energy, Inc.FANG	$6.50B	$200.15	−1.12%$2.27		US
130	General Dynamics CorporationGD	$6.45B	$344.77	+0.09%$0.33		US
131	Phillips 66PSX	$6.39B	$291.30	+0.09%$0.27		US
132	McKesson CorporationMCK	$6.19B	$1,011.36	−1.82%$18.77		US
133	Medtronic PlcMDT	$6.13B	$93.35	−1.35%$1.28		IE
134	Mitsubishi Heavy Industries, Ltd.7011.T	$6.11B	$23.54	+0.98%$0.23		JP
135	BAE Systems plcBA.L	$6.05B	$25.87	−0.72%$0.19		GB
136	CK Hutchison Holdings Limited0001.HK	$6.03B	$8.44	+1.22%$0.10		HK
137	HCA Healthcare, Inc.HCA	$6.00B	$460.05	−1.22%$5.71		US
138	PJSC LukoilLKOH.ME	$5.95B	$73.98	−0.94%$0.70		RU
139	The TJX Companies, Inc.TJX	$5.88B	$146.42	−0.39%$0.57		US
140	Safran S.A.SAF.PA	$5.87B	$352.35	+0.32%$1.12		FR
141	PAO NovatekNVTK.ME	$5.86B	$14.09	+0.03%$0.00		RU
142	Grupo México, S.A.B. de C.V.GMEXICOB.MX	$5.82B	$12.90	−0.07%$0.01		MX
143	Gree Electric Appliances, Inc. of Zhuhai000651.SZ	$5.81B	$5.56	−3.81%$0.22		CN
144	China Yangtze Power Co., Ltd.600900.SS	$5.78B	$4.43	−0.40%$0.02		CN
145	Rio Tinto GroupRIO	$5.76B	$86.87	−1.47%$1.29		GB
146	Tesla, Inc.TSLA	$5.76B	$387.76	+3.76%$14.05		US
147	Rolls-Royce Holdings plcRR.L	$5.75B	$17.77	+0.36%$0.06		GB
148	Danaher CorporationDHR	$5.73B	$232.08	+3.50%$7.84		US
149	Aluminum Corporation of China Limited601600.SS	$5.70B	$1.32	+0.23%$0.00		CN
150	Orange S.A.ORA.PA	$5.65B	$15.83	−1.33%$0.21		FR

How This List Is Built

Frequently Asked Questions

How is free cash flow calculated?: Free cash flow is operating cash flow minus capital expenditures. It is the cash a company keeps after maintaining and growing its asset base, which is why it is the pool that funds dividends and buybacks.
Can free cash flow be negative?: Yes. A company investing heavily (building factories, data centers, or networks) can spend more on capex than its operations generate, producing negative free cash flow even with strong operating cash flow. Those names rank near the bottom here.