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.

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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.

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Companies With the Most Free Cash Flow

Data as of Aug 10, 2026prices update during market hours (15-min delayed)all figures in USD

Rank	Company				Country
1	Apple Inc.AAPL	$136.68B	$308.26	−1.62%$5.07	US
2	NVIDIA CorporationNVDA	$119.08B	$217.55	−2.86%$6.41	US
3	Samsung Electronics Co., Ltd.005935.KS	$100.13B	$120.64	−0.58%$0.71	KR
4	Saudi Arabian Oil Company2222.SR	$80.72B	$7.08	+0.08%$0.01	SA
5	Microsoft CorporationMSFT	$66.99B	$506.06	+1.21%$6.07	US
6	Alphabet Inc.GOOGL	$53.27B	$357.52	+0.91%$3.22	US
7	Meta Platforms, Inc.META	$40.98B	$594.92	+0.48%$2.82	US
8	Taiwan Semiconductor Manufacturing Company LimitedTSM	$36.99B	$418.47	−0.37%$1.57	TW
9	Roche Holding AGROP.SW	$33.84B	$461.63	+1.58%$7.18	CH
10	Tencent Holdings Limited80700.HK	$33.58B	$61.59	+0.68%$0.42	CN
11	Broadcom Inc.AVGO	$32.76B	$422.40	−1.25%$5.36	US
12	Shell plcSHEL	$31.55B	$89.95	+1.64%$1.45	GB
13	Deutsche Telekom AGDTE.DE	$30.67B	$32.47	−3.24%$1.09	DE
14	Exxon Mobil CorporationXOM	$30.55B	$159.79	+4.41%$6.75	US
15	SK hynix Inc.SKHY	$28.71B	$135.29	−1.90%$2.62	KR
16	Micron Technology, Inc.MU	$26.17B	$861.00	−1.89%$16.57	US
17	Chevron CorporationCVX	$25.34B	$194.90	+4.47%$8.34	US
18	UnitedHealth Group IncorporatedUNH	$23.62B	$408.74	+0.41%$1.66	US
19	Christian Dior SECDI.PA	$23.00B	$508.46	+0.96%$4.85	FR
20	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMOH.DE	$22.96B	$557.98	+0.61%$3.41	FR
21	Vodafone Group Public Limited CompanyVOD	$21.44B	$15.75	−2.72%$0.44	GB
22	Verizon Communications Inc.VZ	$21.43B	$47.03	−0.06%$0.03	US
23	ConocoPhillipsCOP	$20.94B	$123.03	+4.61%$5.42	US
24	Comcast CorporationCMCSA	$20.44B	$25.20	−0.63%$0.16	US
25	Eli Lilly and CompanyLLY	$20.05B	$1,231.58	+3.87%$45.87	US
26	AbbVie Inc.ABBV	$19.68B	$247.91	+0.76%$1.87	US
27	China Mobile Limited0941.HK	$19.53B	$10.46	+0.24%$0.03	HK
28	Vinci S.A.SQU.DE	$18.73B	$143.70	−0.80%$1.16	FR
29	Johnson & JohnsonJNJ	$18.71B	$261.81	+0.99%$2.57	US
30	Nestlé S.A.NESN.SW	$18.50B	$99.74	−0.74%$0.74	CH
31	AT&T Inc.T	$17.65B	$24.08	+1.20%$0.28	US
32	L'Oréal S.A.LOR.DE	$17.27B	$448.83	+0.62%$2.77	FR
33	PetroChina Company Limited601857.SS	$16.56B	$1.61	+0.74%$0.01	CN
34	General Motors CompanyGM	$16.50B	$87.96	+0.43%$0.38	US
35	TotalEnergies SETTE	$16.33B	$87.96	+2.48%$2.13	FR
36	BP p.l.c.BP	$16.15B	$42.88	+3.00%$1.25	GB
37	Merck & Co., Inc.MRK	$16.06B	$130.90	+1.80%$2.32	US
38	PDD Holdings Inc.PDD	$16.02B	$93.00	+1.35%$1.24	IE
39	The Procter & Gamble CompanyPG	$15.91B	$146.38	+0.40%$0.59	US
40	T-Mobile US, Inc.TMUS	$15.83B	$178.20	+0.57%$1.01	US
41	Novartis AGNVS	$15.82B	$156.79	+0.29%$0.46	CH
42	CVS Health Corp.CVS	$15.16B	$95.67	−0.03%$0.03	US
43	Anheuser-Busch InBev SA/NVBUD	$15.04B	$83.09	−0.80%$0.67	BE
44	Petróleo Brasileiro S.A. - PetrobrasPBR-A	$14.87B	$16.44	+2.37%$0.38	BR
45	CNOOC Limited0883.HK	$14.73B	$2.98	+0.60%$0.02	HK
46	Salesforce, Inc.CRM	$14.66B	$197.51	+2.47%$4.77	US
47	International Business Machines CorporationIBM	$14.58B	$236.31	−0.41%$0.97	US
48	The Home Depot, Inc.HD	$14.32B	$350.78	−1.36%$4.84	US
49	The Coca-Cola CompanyKO	$14.30B	$86.87	−0.21%$0.18	US
50	BHP Group LimitedBHP	$13.61B	$90.61	+0.22%$0.20	AU
51	Contemporary Amperex Technology Co., Limited300750.SZ	$13.35B	$58.51	+1.86%$1.07	CN
52	Gilead Sciences, Inc.GILD	$13.20B	$133.06	−0.11%$0.15	US
53	Marathon Petroleum CorporationMPC	$12.90B	$320.32	+7.42%$22.12	US
54	Newmont CorporationNEM	$12.77B	$117.26	+3.79%$4.28	US
55	Philip Morris International Inc.PM	$12.72B	$186.00	−1.88%$3.57	US
56	Cisco Systems, Inc.CSCO	$12.62B	$122.57	+0.94%$1.14	US
57	Accenture plcACN	$12.58B	$178.25	+1.44%$2.53	IE
58	Walmart Inc.WMT	$12.55B	$112.66	+0.72%$0.81	US
59	MercadoLibre, Inc.MELI	$12.46B	$1,824.34	+0.20%$3.65	UY
60	GE Vernova Inc.GEV	$12.44B	$990.85	+0.05%$0.53	US
61	Caterpillar Inc.CAT	$12.43B	$837.58	−0.55%$4.61	US
62	Uber Technologies, Inc.UBER	$12.40B	$78.03	+4.01%$3.01	US
63	RTX CorporationRTX	$12.02B	$224.12	+0.49%$1.09	US
64	Schneider Electric S.E.SND.DE	$12.01B	$349.34	−0.43%$1.50	FR
65	Hermes International Societe en commandite par actions Unsponsored ADRHESAY	$11.57B	$189.24	+0.25%$0.48	FR
66	Sandisk CorporationSNDK	$11.49B	$1,237.92	+2.12%$25.71	US
67	SanofiSNY	$11.49B	$43.48	+0.05%$0.02	FR
68	Bristol-Myers Squibb CompanyBMY	$11.44B	$64.84	+0.19%$0.12	US
69	Kweichow Moutai Co., Ltd.600519.SS	$11.42B	$200.37	+3.03%$5.89	CN
70	Hermes International SCAHMI.DE	$11.37B	$1,901.52	+1.04%$19.65	FR
71	Strategy IncMSTR	$11.34B	$97.33	−2.68%$2.68	US
72	British American Tobacco p.l.c.BTI	$11.14B	$57.05	−3.84%$2.28	GB
73	ASML Holding N.V.ASML	$11.14B	$1,733.48	−0.43%$7.51	NL
74	Netflix, Inc.NFLX	$10.99B	$76.29	+2.90%$2.15	US
75	Pfizer Inc.PFE	$10.99B	$27.05	+1.08%$0.29	US
76	Wise Group plc Class A Ordinary SharesWSE	$10.68B	$12.54	+1.46%$0.18	GB
77	Adobe Inc.ADBE	$10.63B	$272.96	+2.92%$7.75	US
78	QUALCOMM IncorporatedQCOM	$10.42B	$162.17	−3.39%$5.69	US
79	Sony Group CorporationSONY	$10.28B	$23.82	+1.53%$0.36	JP
80	Unilever PLCUL	$10.19B	$62.86	−0.16%$0.10	GB
81	Amgen Inc.AMGN	$10.18B	$417.20	+1.52%$6.25	US
82	Lenovo Group Limited0992.HK	$10.17B	$3.70	+3.20%$0.11	HK
83	Valero Energy CorporationVLO	$10.09B	$314.95	+5.58%$16.64	US
84	SAP SESAP	$10.06B	$208.55	+1.16%$2.39	DE
85	Geely Automobile Holdings Limited0175.HK	$9.83B	$2.42	+3.20%$0.08	HK
86	China Telecom Corporation Limited601728.SS	$9.61B	$0.93	+1.46%$0.01	CN
87	Equinor ASAEQNR	$9.57B	$40.99	+5.32%$2.07	NO
88	Booking Holdings Inc.BKNG	$9.54B	$212.88	−0.72%$1.54	US
89	Dell Technologies Inc.DELL	$9.44B	$457.93	+0.92%$4.16	US
90	GSK plcGSK	$9.42B	$52.16	−1.51%$0.80	GB
91	PepsiCo, Inc.PEP	$9.28B	$137.73	−0.93%$1.29	US
92	Mercedes-Benz Group AGMBG.DE	$9.22B	$54.41	+0.00%$0.00	DE
93	Cigna CorporationCI	$9.11B	$278.40	−1.45%$4.09	US
94	Mitsubishi Corporation8058.T	$9.10B	$30.53	−0.39%$0.12	JP
95	Centene Corp.CNC	$8.97B	$66.56	+1.20%$0.79	US
96	American Electric Power Company, Inc.AEP	$8.96B	$122.84	−1.55%$1.94	US
97	Siemens Energy AGENR.DE	$8.87B	$178.65	+0.69%$1.22	DE
98	Costco Wholesale CorporationCOST	$8.81B	$952.75	+0.52%$4.93	US
99	Expedia Group, Inc.EXPE	$8.79B	$314.01	+1.07%$3.33	US
100	Zijin Mining Group Company Limited601899.SS	$8.78B	$5.27	+0.85%$0.04	CN
101	AstraZeneca PLCAZN	$8.74B	$161.91	+0.30%$0.49	GB
102	Lockheed Martin CorporationLMT	$8.73B	$603.16	+2.59%$15.21	US
103	Abbott LaboratoriesABT	$8.72B	$108.63	+0.76%$0.82	US
104	Safran S.A.SAF.PA	$8.47B	$419.71	+1.62%$6.70	FR
105	Hitachi, Ltd.6501.T	$8.41B	$35.38	+0.00%$0.00	JP
106	Advanced Micro Devices, Inc.AMD	$8.40B	$469.56	−2.86%$13.80	US
107	Compagnie Financière Richemont S.A.CFR.SW	$8.40B	$248.44	+2.74%$6.62	CH
108	Altria Group, Inc.MO	$8.30B	$65.54	−4.11%$2.81	US
109	The Walt Disney CompanyDIS	$8.29B	$103.20	−1.63%$1.71	US
110	Rolls-Royce Holdings plcRR.L	$8.25B	$20.79	+0.65%$0.13	GB
111	Emaar Properties PJSCEMAAR.AE	$8.25B	$3.05	−2.61%$0.08	AE
112	América Móvil, S.A.B. de C.V.AMX	$8.16B	$23.89	+0.59%$0.14	MX
113	Rio Tinto GroupRIO	$8.03B	$101.91	+0.80%$0.81	GB
114	The Southern Company JR 2017B NT 77SOJC	$7.84B	$20.05	−0.30%$0.06	US
115	McDonald's CorporationMCD	$7.76B	$273.72	−0.28%$0.76	US
116	Intuit Inc.INTU	$7.72B	$334.43	+2.82%$9.18	US
117	Midea Group Co., Ltd.000333.SZ	$7.69B	$12.67	+2.16%$0.27	CN
118	Lowe's Companies, Inc.LOW	$7.62B	$218.84	−2.02%$4.51	US
119	Novo Nordisk A/SNVO	$7.56B	$47.73	+0.99%$0.47	DK
120	SAIC Motor Corporation Limited600104.SS	$7.51B	$1.56	+0.29%$0.00	CN
121	NetEase, Inc.NTES	$7.47B	$133.41	+0.90%$1.19	CN
122	Compagnie de Saint-Gobain S.A.GOB.DE	$7.47B	$98.09	−0.21%$0.21	FR
123	Suncor Energy Inc.SU	$7.40B	$62.73	+4.38%$2.63	CA
124	Veolia Environnement S.A.VVD.DE	$7.37B	$39.98	−1.79%$0.73	FR
125	Sun Hung Kai Properties Limited0016.HK	$7.35B	$14.87	+1.13%$0.17	HK
126	Thermo Fisher Scientific Inc.TMO	$7.32B	$599.69	+0.96%$5.69	US
127	Fortescue Metals Group LimitedFSUGY	$7.30B	$25.44	−0.63%$0.16	AU
128	Ford Motor CompanyF	$7.28B	$14.02	+0.25%$0.04	US
129	Kioxia Holdings Corp.285A.T	$7.19B	$302.24	+0.59%$1.76	JP
130	Orange S.A.ORA.PA	$7.17B	$18.63	−2.01%$0.38	FR
131	Deutsche Post AGDHL.DE	$7.15B	$63.86	−0.11%$0.07	DE
132	Cheniere Energy, Inc.LNG	$7.04B	$265.68	+3.72%$9.54	US
133	Bharti Airtel LimitedBHARTIARTL.NS	$6.89B	$20.38	−0.86%$0.18	IN
134	Driven Brands Holdings Inc.DRVN	$6.85B	$12.53	−6.00%$0.80	US
135	Canadian Natural Resources LimitedCNQ	$6.74B	$47.25	+3.82%$1.74	CA
136	EOG Resources, Inc.EOG	$6.73B	$142.22	+5.55%$7.48	US
137	Energy Transfer LPET	$6.72B	$20.59	+2.29%$0.46	US
138	McKesson CorporationMCK	$6.63B	$879.87	+1.18%$10.29	US
139	Airbnb, Inc.ABNB	$6.58B	$184.70	+3.72%$6.63	US
140	Enka Insaat ve Sanayi A.S.ENKAI.IS	$6.55B	$1.81	−0.17%$0.00	TR
141	Union Pacific CorporationUNP	$6.50B	$292.24	−0.30%$0.89	US
142	Diamondback Energy, Inc.FANG	$6.50B	$198.97	+5.81%$10.93	US
143	General Dynamics CorporationGD	$6.45B	$395.97	+1.00%$3.92	US
144	Elevance Health Inc.ELV	$6.29B	$397.70	+0.89%$3.50	US
145	Parker-Hannifin CorporationPH	$6.25B	$1,060.50	−1.25%$13.37	US
146	Gree Electric Appliances, Inc. of Zhuhai000651.SZ	$6.23B	$6.04	+1.42%$0.08	CN
147	Danone S.A.BSN.DE	$6.11B	$78.70	−0.12%$0.09	FR
148	Great Wall Motor Company Limited601633.SS	$6.11B	$2.33	+0.71%$0.02	CN
149	EssilorLuxottica S.A.EL.PA	$6.11B	$197.90	−0.61%$1.21	FR
150	Mitsubishi Heavy Industries, Ltd.7011.T	$6.08B	$25.21	−0.99%$0.25	JP

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.