When free cash flow falls, conversion says if it matters
A screen of 3,631 SEC filers found 45 companies whose profit rose and free cash flow fell. A third still converted above 100%. The full table, and what sorts it.
8 primary sourcesTicker · 3 articles
MSFT
Every article on this page was built from the company's own filings. The documents they were read from are listed below, so you can check any figure yourself.
Last checked Aug 20, 2026All companies
US capex overtook buybacks in 2025. Five companies did it.
Across 361 listed non-financial companies, capital spending passed share repurchases for the first time since 2021. Remove five names and the shift disappears.
6 primary sourcesAmazon's FY2025 free cash flow: $7.7B, $6.1B, or −$11.8B
Three standard definitions, one 10-K, three answers — and one of them is negative. The same test applied to Alphabet, Microsoft and Meta, computed from the filings.
7 primary sourcesFigures we worked out for MSFT
Not a data feed. Each of these was calculated inside one of the articles above, from the filings listed at the bottom of this page. The arithmetic is shown so you can redo it — and it is re-run every time this site is built.
| Figure | Value | Arithmetic |
|---|---|---|
| When free cash flow falls, conversion says if it matters | ||
| Microsoft cash conversion | +70.3% | 71611 / 101832 |
1 figure from 1 article. Totals and industry averages that belong to no single company are not listed here.
Primary sources used
- SEC XBRL frames API — NetIncomeLoss, CY20255,610 filers · the net income side of this screen
- SEC XBRL frames API — NetCashProvidedByUsedInOperatingActivities, CY20255,706 filers · operating cash flow
- SEC XBRL frames API — PaymentsToAcquirePropertyPlantAndEquipment, CY20253,529 filers · the standard capital expenditure tag
- SEC XBRL frames API — PaymentsToAcquireProductiveAssets, CY2025529 filers · the alternate capex tag · six companies on this list use it, including Amazon
- SEC company concept API — Vince Holding Corp, NetIncomeLossThe 10-K value ($6,378,000) and the DEF 14A value ($6,378,000,000) sit side by side in this response
- Oracle Corporation — SEC filing history (CIK 0001341439)Spot-checked: operating cash flow $31,977M, capex $55,663M, fiscal year ended 31 May 2026
- Amazon.com, Inc. — SEC filing history (CIK 0001018724)Spot-checked: operating cash flow $139,514M, capex $131,819M, calendar 2025
- Daily closing prices, ORCL and AMZN, February–August 2026 (market data, not a filing)The largest single-day moves quoted in the summary · prices may be delayed and are not from a filing
- SEC XBRL frames API — PaymentsForRepurchaseOfCommonStock, CY2025The buyback side of the panel; one of fifteen frame calls
- Alphabet Inc. — FY2025 Form 10-KSpot-checked: capex $91,447M in FY2025 against $24,640M in FY2021
- Amazon.com, Inc. — FY2025 Form 10-KConsolidated Statements of Cash Flows · accession 0001018724-26-000004
- Amazon.com, Inc. — Form 10-Q, quarter ended June 30 2026Trailing-twelve-month cash flow presentation
- Microsoft Corporation — FY2026 Form 10-KFiscal year ended June 30 2026
- Meta Platforms, Inc. — FY2025 Form 10-Kaccession 0001628280-26-003942
- SEC Division of Corporation Finance — Non-GAAP Financial Measures, C&DI 102.07Staff guidance on free cash flow · last updated December 13 2022
- Daily closing prices, AMZN, July–August 2026 (market data, not a filing)The close-to-close move quoted in the summary · prices may be delayed and are not from a filing
16documents, deduplicated. Links go to the original filing, not to a summary.