What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does ABM Industries (ABM) spend its free cash flow?

For TTM through Q2 2026, ABM Industries generated $436M of operating cash flow and $334M of free cash flow — a free cash flow margin of 76.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did ABM Industries (ABM) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent ABM Industries's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

ABM Industries (ABM) Cash Flow Waterfall

Operating CF

$436M

Capex

-$103M

Free Cash Flow

$334M

FCF Margin

+76.5%

Cash flow waterfall for ABM Industries (ABM) — TTM through Q2 2026

Free cash flow: $334M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for ABM Industries (ABM) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$436M	$436M
Capital Expenditure	-$103M	$334M
Free Cash Flow	$334M	$334M
Acquisitions	-$20.4M	$314M
Other Investing	-$260M	$54.1M
Share Buybacks	-$196M	-$142M
Dividends Paid	-$66.9M	-$208M
Net Debt Change	$308M	$99.8M
Other Financing & FX	-$63.4M	$36.4M
Net Cash Increase	$36.2M	$36.2M

Operating Cash Flow$436M
Capital Expenditure-$103M
Free Cash Flow$334M
Acquisitions-$20.4M
Other Investing-$260M
Share Buybacks-$196M
Dividends Paid-$66.9M
Net Debt Change$308M
Other Financing & FX-$63.4M
Net Cash Increase$36.2M

Want to see what drove the FCF change?Free Cash Flow Bridge

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