Ten straight years of positive free cash flow
Operating cash flow exceeded capital expenditure in each of the last ten annual periods. Both come from the same filing each year, so the calculation never mixes restatement bases. Banks and brokers are excluded in practice: free cash flow does not describe them.
| Company | Revenue | Net income | Gross margin | Free cash flow |
|---|---|---|---|---|
| WMTWalmart Inc. | $713.16B | $21.89B | 24.9% | $14.92B |
| UNH InsurerUNITEDHEALTH GROUP INC | $447.57B | $12.06B | 88.7% | $16.08B |
| AAPLApple Inc. | $416.16B | $112.01B | 46.9% | $98.77B |
| MCKMCKESSON CORP | $403.43B | $4.76B | 3.6% | $5.72B |
| GOOGLAlphabet Inc. | $402.84B | $132.17B | 59.7% | $73.27B |
| CVSCVS HEALTH Corp | $402.07B | $1.77B | 45.0% | $7.81B |
| BRK.B InsurerBERKSHIRE HATHAWAY INC | $371.44B | $66.97B | Unavailable | $25.04B |
| MSFTMICROSOFT CORP | $331.84B | $133.75B | 67.9% | $66.99B |
| CORCencora, Inc. | $321.33B | $1.55B | 3.6% | $3.21B |
| CAHCARDINAL HEALTH INC | $254.25B | $1.71B | 3.8% | $4.52B |
| METAMeta Platforms, Inc. | $200.97B | $60.46B | 82.0% | $46.11B |
| ELV InsurerElevance Health, Inc. | $199.12B | $5.66B | 89.4% | $3.17B |
| GMGeneral Motors Co | $185.02B | $2.70B | Unavailable | $17.56B |
| HUM InsurerHUMANA INC | $129.66B | $1.19B | Unavailable | $375.00M |
| CMCSACOMCAST CORP | $123.71B | $20.00B | Unavailable | $21.89B |
| DELLDell Technologies Inc. | $113.54B | $5.94B | 20.0% | $8.55B |
| JNJJOHNSON & JOHNSON | $94.19B | $26.80B | 67.9% | $19.70B |
| PGR InsurerPROGRESSIVE CORP/OH/ | $87.67B | $11.31B | Unavailable | $17.20B |
| PGPROCTER & GAMBLE Co | $87.03B | $16.05B | 50.2% | $15.15B |
| LOWLOWES COMPANIES INC | $86.29B | $6.65B | 33.5% | $7.65B |
| HCAHCA Healthcare, Inc. | $75.60B | $6.78B | Unavailable | $7.69B |
| ACNAccenture plc | $69.67B | $7.68B | 31.9% | $10.87B |
| ALL InsurerALLSTATE CORP | $67.68B | $10.28B | Unavailable | $9.88B |
| IBMINTERNATIONAL BUSINESS MACHINES CORP | $67.54B | $10.59B | 58.2% | $12.10B |
| AVGOBroadcom Inc. | $63.89B | Unavailable | 67.8% | $26.91B |
| CSCOCISCO SYSTEMS, INC. | $63.32B | $13.27B | 64.5% | $12.77B |
| PFEPFIZER INC | $62.58B | $7.77B | 74.3% | $9.08B |
| TJXTJX COMPANIES INC /DE/ | $60.37B | $5.49B | 31.0% | $4.92B |
| CHTRCHARTER COMMUNICATIONS, INC. /MO/ | $54.77B | $4.99B | Unavailable | $4.42B |
| COF BankCAPITAL ONE FINANCIAL CORP | $53.43B | $2.45B | Unavailable | $26.14B |
| BMYBRISTOL MYERS SQUIBB CO | $48.19B | $7.05B | 71.1% | $12.84B |
| KOCOCA COLA CO | $47.94B | $13.11B | 61.6% | $5.30B |
| NKENIKE, Inc. | $46.40B | $3.11B | 42.9% | $2.18B |
| TMOTHERMO FISHER SCIENTIFIC INC. | $44.56B | $6.70B | Unavailable | $6.29B |
| ABTABBOTT LABORATORIES | $44.33B | $6.52B | 56.4% | $7.40B |
| NOCNORTHROP GRUMMAN CORP /DE/ | $41.95B | $4.18B | Unavailable | $3.31B |
| BBYBEST BUY CO INC | $41.69B | $1.07B | 22.5% | $1.26B |
| CRMSalesforce, Inc. | $41.52B | $7.46B | 77.7% | $14.40B |
| PMPhilip Morris International Inc. | $40.65B | $11.35B | 67.1% | $10.66B |
| USFDUS Foods Holding Corp. | $39.42B | $676.00M | 17.4% | $959.00M |
| MDLZMondelez International, Inc. | $38.54B | $2.45B | 28.4% | $3.24B |
| HONHONEYWELL INTERNATIONAL INC | $37.44B | $4.73B | 36.9% | $5.42B |
| WBDWarner Bros. Discovery, Inc. | $37.30B | $727.00M | Unavailable | $3.09B |
| SBUXSTARBUCKS CORP | $37.18B | $1.86B | Unavailable | $2.44B |
| AMGNAMGEN INC | $36.75B | $7.71B | 67.2% | $8.10B |
| MDTMedtronic plc | $36.36B | $4.80B | 65.0% | $5.43B |
| SLBSLB LIMITED/NV | $35.71B | $3.37B | Unavailable | $4.80B |
| DHIHORTON D R INC /DE/ | $34.25B | $3.59B | 23.7% | $3.28B |
| LENLENNAR CORP /NEW/ | $34.19B | $2.08B | Unavailable | $28.18M |
| CMICUMMINS INC | $33.67B | Unavailable | 25.3% | $2.39B |
| PYPLPayPal Holdings, Inc. | $33.17B | $5.23B | Unavailable | $5.56B |
| MAMastercard Inc | $32.79B | Unavailable | Unavailable | $17.16B |
| LYBLyondellBasell Industries N.V. | $30.15B | Unavailable | 8.5% | $384.00M |
| PCARPACCAR INC | $28.44B | $2.38B | 20.1% | $3.67B |
| AMATAPPLIED MATERIALS INC /DE | $28.37B | $7.00B | 48.7% | $5.70B |
| HIG InsurerHARTFORD INSURANCE GROUP, INC. | $28.37B | $3.84B | Unavailable | $5.75B |
| ETNEaton Corp plc | $27.45B | $4.09B | 37.6% | $3.55B |
| MRSH InsurerMARSH & MCLENNAN COMPANIES, INC. | $26.98B | $4.16B | Unavailable | $5.00B |
| MCDMCDONALDS CORP | $26.88B | $8.56B | Unavailable | $7.19B |
| SYKSTRYKER CORP | $25.12B | $3.25B | 64.0% | $4.28B |
Fiscal year ends differ between companies; each row shows that company’s own latest annual period. Figures are the filers’ own, normalized from their SEC filings.
This screen runs as fcf POSITIVE FOR 10 YEARS. Open it in the screener to change the conditions, or read the methodology for how each figure is chosen.