Rankings / Highest Free-Cash-Flow Margin
Highest Free-Cash-Flow Margin
The most cash-generative public companies, ranked by free cash flow as a share of revenue.
TTM free cash flow over TTM revenue. Only companies where free cash flow is meaningful are listed: it is not computed for financials, REITs, or utilities. Source: SEC EDGAR filings, computed by FintrinsiQ. Index built November 9, 2026. Not investment advice.
| # | Company | FCF margin (TTM) | Revenue (TTM) | Growth (YoY) | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| 1 | Palantir Technologies Inc. PLTRServices | 55.6% | $7.3B | +87.1% | 41.2% | 55.6% | — |
| 2 | Visa Inc. VServices | 48.1% | $45.9B | +14.8% | 63.5% | 48.1% | 0.61 |
| 3 | Eog Resources Inc EOGMining | 47.3% | $29.7B | +31.7% | 25.8% | 47.3% | 0.24 |
| 4 | Gilead Sciences, Inc. GILDManufacturing | 44.5% | $31.0B | +6.5% | -22.3% | 44.5% | 2.01 |
| 5 | Mastercard Inc MAServices | 44.3% | $36.3B | +15.3% | 231.4% | 44.3% | 3.54 |
| 6 | Micron Technology Inc MUManufacturing | 44.3% | $133B | +256.3% | 88.3% | 44.3% | 0.02 |
| 7 | Broadcom Inc. AVGOManufacturing | 44.2% | $89.1B | +48.7% | 44.2% | 44.2% | 0.60 |
| 8 | Arista Networks, Inc. ANETManufacturing | 42.2% | $11.9B | +40.7% | 8.8% | 42.2% | — |
| 9 | Nvidia Corp NVDAManufacturing | 41.9% | $303B | +83.4% | 117.2% | 41.9% | 0.15 |
| 10 | Adobe Inc. ADBEServices | 40.8% | $26.0B | +12.0% | 61.9% | 40.8% | 0.41 |
| 11 | Intuit Inc. INTUServices | 40.4% | $21.4B | +13.9% | 23.6% | 40.4% | 0.40 |
| 12 | Altria Group, Inc. MOManufacturing | 38.6% | $23.5B | +0.5% | — | 38.6% | — |
| 13 | NEWMONT Corp /DE/ NEMMining | 37.9% | $26.6B | +23.7% | 26.8% | 37.9% | 0.14 |
| 14 | Airbnb, Inc. ABNBServices | 36.0% | $13.9B | +16.7% | 35.8% | 36.0% | 0.25 |
| 15 | Palo Alto Networks Inc PANWManufacturing | 35.8% | $11.5B | +24.5% | 1.7% | 35.8% | — |
| 16 | Analog Devices Inc ADIManufacturing | 35.6% | $13.9B | +33.6% | 12.2% | 35.6% | 0.27 |
| 17 | Eli Lilly & Co LLYManufacturing | 35.4% | $86.5B | +45.5% | 86.1% | 35.4% | 1.23 |
| 18 | Texas Instruments Inc TXNManufacturing | 35.2% | $20.8B | +20.3% | 39.7% | 35.2% | 0.71 |
| 19 | Salesforce, Inc. CRMServices | 34.5% | $43.9B | +11.2% | 19.4% | 34.5% | 1.02 |
| 20 | Conocophillips COPManufacturing | 34.3% | $67.7B | +13.3% | 17.7% | 34.3% | 0.35 |
| 21 | Booking Holdings Inc. BKNGTransportation & Utilities | 32.8% | $28.1B | +8.0% | — | 32.8% | — |
| 22 | Philip Morris International Inc. PMManufacturing | 31.5% | $43.1B | +7.9% | — | 31.5% | — |
| 23 | Intuitive Surgical Inc ISRGManufacturing | 31.1% | $11.6B | +20.5% | 18.0% | 31.1% | — |
| 24 | ServiceNow, Inc. NOWServices | 30.8% | $15.4B | +21.8% | 11.8% | 30.8% | 0.57 |
| 25 | S&P Global Inc. SPGIServices | 30.5% | $17.2B | +18.2% | 18.9% | 30.5% | 0.66 |
| 26 | Western Digital Corp WDCManufacturing | 29.6% | $14.5B | +43.0% | 131.5% | 29.6% | 0.08 |
| 27 | Synopsys Inc SNPSServices | 29.2% | $9.4B | +46.3% | 3.7% | 29.2% | 0.32 |
| 28 | Cadence Design Systems Inc CDNSServices | 28.8% | $6.1B | +17.6% | 22.9% | 28.8% | 0.36 |
| 29 | AbbVie Inc. ABBVManufacturing | 28.6% | $66.0B | +10.7% | — | 28.6% | — |
| 30 | Apple Inc. AAPLManufacturing | 28.4% | $479B | +15.1% | 142.3% | 28.4% | 0.71 |
| 31 | Verizon Communications Inc VZTransportation & Utilities | 28.0% | $139B | +1.4% | 15.8% | 28.0% | 1.55 |
| 32 | Coca Cola Co KOManufacturing | 28.0% | $51.1B | +7.1% | 42.6% | 28.0% | 1.12 |
| 33 | Kla Corp KLACManufacturing | 27.8% | $14.5B | +15.8% | 91.4% | 27.8% | 0.88 |
| 34 | Credo Technology Group Holding Ltd CRDOManufacturing | 27.6% | $1.6B | +165.1% | 30.7% | 27.6% | — |
| 35 | Mcdonalds Corp MCDRetail Trade | 27.0% | $27.8B | +5.8% | — | 27.0% | — |
| 36 | Union Pacific Corp UNPTransportation & Utilities | 25.4% | $26.4B | +7.4% | 38.7% | 25.4% | 1.38 |
| 37 | Lam Research Corp LRCXManufacturing | 25.0% | $26.1B | +33.4% | 70.1% | 25.0% | 0.27 |
| 38 | Vertex Pharmaceuticals Inc / Ma VRTXManufacturing | 24.7% | $13.0B | +10.5% | 20.8% | 24.7% | 0.22 |
| 39 | Amgen Inc AMGNManufacturing | 24.6% | $38.9B | +8.2% | 78.4% | 24.6% | 3.76 |
| 40 | Innodata Inc INODServices | 23.7% | $350M | +46.9% | 35.4% | 23.7% | — |
| 41 | MongoDB, Inc. MDBServices | 23.7% | $2.8B | +25.5% | 2.0% | 23.7% | — |
| 42 | Zoetis Inc. ZTSManufacturing | 23.5% | $9.5B | +0.9% | 57.6% | 23.5% | 2.74 |
| 43 | Netflix Inc NFLXServices | 22.9% | $49.7B | +14.7% | 53.5% | 22.9% | 0.52 |
| 44 | Regeneron Pharmaceuticals, Inc. REGNManufacturing | 22.6% | $16.9B | +18.6% | 14.9% | 22.6% | 0.06 |
| 45 | Danaher Corp /De/ DHRManufacturing | 22.4% | $25.6B | +5.5% | 8.3% | 22.4% | 0.49 |
| 46 | Occidental Petroleum Corp /De/ OXYMining | 22.1% | $21.7B | +7.3% | 18.9% | 22.1% | 0.33 |
| 47 | Merck & Co., Inc. MRKManufacturing | 21.9% | $67.4B | +4.9% | 5.1% | 21.9% | 1.20 |
| 48 | Csx Corp CSXTransportation & Utilities | 21.5% | $14.9B | +5.8% | 26.4% | 21.5% | 1.31 |
| 49 | International Business Machines Corp IBMManufacturing | 21.0% | $69.9B | +6.8% | 35.2% | 21.0% | 1.99 |
| 50 | Johnson & Johnson JNJManufacturing | 20.7% | $99.3B | +7.8% | 20.0% | 20.7% | 0.57 |
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