Top Companies by Free Cash Flow in Technology
Largest public companies ranked by free cash flow in Technology on a trailing twelve months basis. Compare top issuers, sector peers and historical context on…
How TTM free cash flow is measured
Trailing twelve months (TTM) free cash flow (FCF) is operating cash flow minus capital expenditure, summed across a company's four most recent fiscal quarters. Unlike accrual-based earnings, FCF reflects what actually leaves the bank account after running the business and reinvesting in property, plant and equipment — the cash available for buybacks, dividends, debt reduction or M&A.
FCF is closer to owner earnings than net income because it strips out non-cash charges like depreciation and the working-capital churn that distorts a single quarter. Compare with capex to see how much of operating cash flow gets reinvested versus returned. Figures are ranked in USD after period-average FX translation (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of .
Sector scopeTechnologyChange sectorChange sector
Top companies by Free Cash Flow — Technology
- Apple
AAPL
- Sector
- Technology
- Free Cash Flow
- $129.17B
- As of
- NVIDIA
NVDA
- Sector
- Technology
- Free Cash Flow
- $96.68B
- As of
- Microsoft
MSFT
- Sector
- Technology
- Free Cash Flow
- $72.92B
- As of
- TSMC
TSM
- Sector
- Technology
- Free Cash Flow
- $35.54B
- As of
- Broadcom
AVGO
- Sector
- Technology
- Free Cash Flow
- $28.91B
- As of
- Salesforce
CRM
- Sector
- Technology
- Free Cash Flow
- $14.40B
- As of
- IBM
IBM
- Sector
- Technology
- Free Cash Flow
- $13.09B
- As of
- QUALCOMM
QCOM
- Sector
- Technology
- Free Cash Flow
- $12.93B
- As of
- Cisco
CSCO
- Sector
- Technology
- Free Cash Flow
- $12.85B
- As of
- Accenture
ACN
- Sector
- Technology
- Free Cash Flow
- $12.50B
- As of
- Adobe
ADBE
- Sector
- Technology
- Free Cash Flow
- $10.32B
- As of
- Sector
- Technology
- Free Cash Flow
- $10.28B
- As of
- ASML
ASML
- Sector
- Technology
- Free Cash Flow
- $9.97B
- As of
- Uber
UBER
- Sector
- Technology
- Free Cash Flow
- $9.76B
- As of
- SAP
SAP
- Sector
- Technology
- Free Cash Flow
- $9.34B
- As of
- Sector
- Technology
- Free Cash Flow
- $8.55B
- As of
- Intuit
INTU
- Sector
- Technology
- Free Cash Flow
- $6.84B
- As of
- AMD
AMD
- Sector
- Technology
- Free Cash Flow
- $6.74B
- As of
- Lam Research
LRCX
- Sector
- Technology
- Free Cash Flow
- $6.45B
- As of
- Sector
- Technology
- Free Cash Flow
- $6.19B
- As of
- ServiceNow
NOW
- Sector
- Technology
- Free Cash Flow
- $4.63B
- As of
- Sector
- Technology
- Free Cash Flow
- $4.56B
- As of
- KLA
KLAC
- Sector
- Technology
- Free Cash Flow
- $4.38B
- As of
- Amphenol
APH
- Sector
- Technology
- Free Cash Flow
- $4.38B
- As of
- Fiserv
FISV
- Sector
- Technology
- Free Cash Flow
- $4.32B
- As of
- Arista Networks
ANET
- Sector
- Technology
- Free Cash Flow
- $4.25B
- As of
- Sector
- Technology
- Free Cash Flow
- $4.07B
- As of
- AppLovin
APP
- Sector
- Technology
- Free Cash Flow
- $3.94B
- As of
- Sector
- Technology
- Free Cash Flow
- $3.81B
- As of
- Sector
- Technology
- Free Cash Flow
- $3.72B
- As of
- Sector
- Technology
- Free Cash Flow
- $3.39B
- As of
- Sector
- Technology
- Free Cash Flow
- $3.04B
- As of
- HP
HPQ
- Sector
- Technology
- Free Cash Flow
- $2.88B
- As of
- Sector
- Technology
- Free Cash Flow
- $2.81B
- As of
- Workday
WDAY
- Sector
- Technology
- Free Cash Flow
- $2.78B
- As of
- Cognizant
CTSH
- Sector
- Technology
- Free Cash Flow
- $2.60B
- As of
- Sector
- Technology
- Free Cash Flow
- $2.57B
- As of
- Block
XYZ
- Sector
- Technology
- Free Cash Flow
- $2.42B
- As of
- Autodesk
ADSK
- Sector
- Technology
- Free Cash Flow
- $2.40B
- As of
- Sector
- Technology
- Free Cash Flow
- $2.31B
- As of
- Synopsys
SNPS
- Sector
- Technology
- Free Cash Flow
- $2.28B
- As of
- Fortinet
FTNT
- Sector
- Technology
- Free Cash Flow
- $2.23B
- As of
- Palantir
PLTR
- Sector
- Technology
- Free Cash Flow
- $2.10B
- As of
- Shopify
SHOP
- Sector
- Technology
- Free Cash Flow
- $2.01B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.92B
- As of
- Sandisk
SNDK
- Sector
- Technology
- Free Cash Flow
- $1.91B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.90B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.69B
- As of
- Leidos Holdings
LDOS
- Sector
- Technology
- Free Cash Flow
- $1.63B
- As of
- NetApp
NTAP
- Sector
- Technology
- Free Cash Flow
- $1.61B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.59B
- As of
- GoDaddy
GDDY
- Sector
- Technology
- Free Cash Flow
- $1.58B
- As of
- Gen Digital
GEN
- Sector
- Technology
- Free Cash Flow
- $1.52B
- As of
- Corning
GLW
- Sector
- Technology
- Free Cash Flow
- $1.50B
- As of
- Roblox
RBLX
- Sector
- Technology
- Free Cash Flow
- $1.47B
- As of
- Jabil
JBL
- Sector
- Technology
- Free Cash Flow
- $1.47B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.43B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.39B
- As of
- Garmin
GRMN
- Sector
- Technology
- Free Cash Flow
- $1.36B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.36B
- As of
- Corpay
CPAY
- Sector
- Technology
- Free Cash Flow
- $1.30B
- As of
- Atlassian
TEAM
- Sector
- Technology
- Free Cash Flow
- $1.27B
- As of
- CrowdStrike
CRWD
- Sector
- Technology
- Free Cash Flow
- $1.24B
- As of
- Gartner
IT
- Sector
- Technology
- Free Cash Flow
- $1.18B
- As of
- Lyft
LYFT
- Sector
- Technology
- Free Cash Flow
- $1.15B
- As of
- Snowflake
SNOW
- Sector
- Technology
- Free Cash Flow
- $1.12B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.09B
- As of
- CDW
CDW
- Sector
- Technology
- Free Cash Flow
- $1.09B
- As of
- Sector
- Technology
- Free Cash Flow
- $1.06B
- As of
- DocuSign
DOCU
- Sector
- Technology
- Free Cash Flow
- $1.06B
- As of
- VeriSign
VRSN
- Sector
- Technology
- Free Cash Flow
- $1.05B
- As of
- Datadog
DDOG
- Sector
- Technology
- Free Cash Flow
- $1.00B
- As of
- Sector
- Technology
- Free Cash Flow
- $988.00M
- As of
- Fortive
FTV
- Sector
- Technology
- Free Cash Flow
- $978.10M
- As of
- Arm
ARM
- Sector
- Technology
- Free Cash Flow
- $970.00M
- As of
- F5
FFIV
- Sector
- Technology
- Free Cash Flow
- $962.66M
- As of
- Zscaler
ZS
- Sector
- Technology
- Free Cash Flow
- $943.74M
- As of
- Okta
OKTA
- Sector
- Technology
- Free Cash Flow
- $900.00M
- As of
- Fair Isaac
FICO
- Sector
- Technology
- Free Cash Flow
- $892.68M
- As of
- PTC
PTC
- Sector
- Technology
- Free Cash Flow
- $888.43M
- As of
- Sector
- Technology
- Free Cash Flow
- $831.00M
- As of
- Sector
- Technology
- Free Cash Flow
- $819.90M
- As of
- Trade Desk
TTD
- Sector
- Technology
- Free Cash Flow
- $787.31M
- As of
- Ciena
CIEN
- Sector
- Technology
- Free Cash Flow
- $742.21M
- As of
- Sector
- Technology
- Free Cash Flow
- $699.26M
- As of
- Sector
- Technology
- Free Cash Flow
- $664.19M
- As of
- Sector
- Technology
- Free Cash Flow
- $654.23M
- As of
- Sector
- Technology
- Free Cash Flow
- $637.53M
- As of
- Affirm Holdings
AFRM
- Sector
- Technology
- Free Cash Flow
- $619.13M
- As of
- EPAM Systems
EPAM
- Sector
- Technology
- Free Cash Flow
- $612.69M
- As of
- MongoDB
MDB
- Sector
- Technology
- Free Cash Flow
- $508.51M
- As of
- Teradyne
TER
- Sector
- Technology
- Free Cash Flow
- $450.40M
- As of
- Sector
- Technology
- Free Cash Flow
- $440.09M
- As of
- Paycom Software
PAYC
- Sector
- Technology
- Free Cash Flow
- $406.10M
- As of
- Sector
- Technology
- Free Cash Flow
- $403.93M
- As of
- Duolingo
DUOL
- Sector
- Technology
- Free Cash Flow
- $376.64M
- As of
- Cloudflare
NET
- Sector
- Technology
- Free Cash Flow
- $324.32M
- As of
- Elastic N.V.
ESTC
- Sector
- Technology
- Free Cash Flow
- $256.85M
- As of
- GitLab
GTLB
- Sector
- Technology
- Free Cash Flow
- $222.03M
- As of
- Badger Meter
BMI
- Sector
- Technology
- Free Cash Flow
- $169.08M
- As of
| # | Company | Sector | Free Cash Flow | As of |
|---|---|---|---|---|
| 1 | Apple (AAPL) | Technology | $129.17B | |
| 2 | NVIDIA (NVDA) | Technology | $96.68B | |
| 3 | Microsoft (MSFT) | Technology | $72.92B | |
| 4 | TSMC (TSM) | Technology | $35.54B | |
| 5 | Broadcom (AVGO) | Technology | $28.91B | |
| 6 | Salesforce (CRM) | Technology | $14.40B | |
| 7 | IBM (IBM) | Technology | $13.09B | |
| 8 | QUALCOMM (QCOM) | Technology | $12.93B | |
| 9 | Cisco (CSCO) | Technology | $12.85B | |
| 10 | Accenture (ACN) | Technology | $12.50B | |
| 11 | Adobe (ADBE) | Technology | $10.32B | |
| 12 | Micron Technology (MU) | Technology | $10.28B | |
| 13 | ASML (ASML) | Technology | $9.97B | |
| 14 | Uber (UBER) | Technology | $9.76B | |
| 15 | SAP (SAP) | Technology | $9.34B | |
| 16 | Dell Technologies (DELL) | Technology | $8.55B | |
| 17 | Intuit (INTU) | Technology | $6.84B | |
| 18 | AMD (AMD) | Technology | $6.74B | |
| 19 | Lam Research (LRCX) | Technology | $6.45B | |
| 20 | Applied Materials (AMAT) | Technology | $6.19B | |
| 21 | ServiceNow (NOW) | Technology | $4.63B | |
| 22 | Analog Devices (ADI) | Technology | $4.56B | |
| 23 | KLA (KLAC) | Technology | $4.38B | |
| 24 | Amphenol (APH) | Technology | $4.38B | |
| 25 | Fiserv (FISV) | Technology | $4.32B | |
| 26 | Arista Networks (ANET) | Technology | $4.25B | |
| 27 | Palo Alto Networks (PANW) | Technology | $4.07B | |
| 28 | AppLovin (APP) | Technology | $3.94B | |
| 29 | Hewlett Packard Enterprise (HPE) | Technology | $3.81B | |
| 30 | Texas Instruments (TXN) | Technology | $3.72B | |
| 31 | TE Connectivity (TEL) | Technology | $3.39B | |
| 32 | NXP Semiconductors (NXPI) | Technology | $3.04B | |
| 33 | HP (HPQ) | Technology | $2.88B | |
| 34 | Fidelity National Information Services (FIS) | Technology | $2.81B | |
| 35 | Workday (WDAY) | Technology | $2.78B | |
| 36 | Cognizant (CTSH) | Technology | $2.60B | |
| 37 | Motorola Solutions (MSI) | Technology | $2.57B | |
| 38 | Block (XYZ) | Technology | $2.42B | |
| 39 | Autodesk (ADSK) | Technology | $2.40B | |
| 40 | Western Digital (WDC) | Technology | $2.31B | |
| 41 | Synopsys (SNPS) | Technology | $2.28B | |
| 42 | Fortinet (FTNT) | Technology | $2.23B | |
| 43 | Palantir (PLTR) | Technology | $2.10B | |
| 44 | Shopify (SHOP) | Technology | $2.01B | |
| 45 | Zoom Communications (ZM) | Technology | $1.92B | |
| 46 | Sandisk (SNDK) | Technology | $1.91B | |
| 47 | Seagate Technology (STX) | Technology | $1.90B | |
| 48 | ON Semiconductor (ON) | Technology | $1.69B | |
| 49 | Leidos Holdings (LDOS) | Technology | $1.63B | |
| 50 | NetApp (NTAP) | Technology | $1.61B | |
| 51 | Cadence Design Systems (CDNS) | Technology | $1.59B | |
| 52 | GoDaddy (GDDY) | Technology | $1.58B | |
| 53 | Gen Digital (GEN) | Technology | $1.52B | |
| 54 | Corning (GLW) | Technology | $1.50B | |
| 55 | Roblox (RBLX) | Technology | $1.47B | |
| 56 | Jabil (JBL) | Technology | $1.47B | |
| 57 | Keysight Technologies (KEYS) | Technology | $1.43B | |
| 58 | Marvell Technology (MRVL) | Technology | $1.39B | |
| 59 | Garmin (GRMN) | Technology | $1.36B | |
| 60 | Broadridge Financial Solutions (BR) | Technology | $1.36B | |
| 61 | Corpay (CPAY) | Technology | $1.30B | |
| 62 | Atlassian (TEAM) | Technology | $1.27B | |
| 63 | CrowdStrike (CRWD) | Technology | $1.24B | |
| 64 | Gartner (IT) | Technology | $1.18B | |
| 65 | Lyft (LYFT) | Technology | $1.15B | |
| 66 | Snowflake (SNOW) | Technology | $1.12B | |
| 67 | Skyworks Solutions (SWKS) | Technology | $1.09B | |
| 68 | CDW (CDW) | Technology | $1.09B | |
| 69 | Teledyne Technologies (TDY) | Technology | $1.06B | |
| 70 | DocuSign (DOCU) | Technology | $1.06B | |
| 71 | VeriSign (VRSN) | Technology | $1.05B | |
| 72 | Datadog (DDOG) | Technology | $1.00B | |
| 73 | Qnity Electronics (Q) | Technology | $988.00M | |
| 74 | Fortive (FTV) | Technology | $978.10M | |
| 75 | Arm (ARM) | Technology | $970.00M | |
| 76 | F5 (FFIV) | Technology | $962.66M | |
| 77 | Zscaler (ZS) | Technology | $943.74M | |
| 78 | Okta (OKTA) | Technology | $900.00M | |
| 79 | Fair Isaac (FICO) | Technology | $892.68M | |
| 80 | PTC (PTC) | Technology | $888.43M | |
| 81 | Zebra Technologies (ZBRA) | Technology | $831.00M | |
| 82 | Microchip Technology (MCHP) | Technology | $819.90M | |
| 83 | Trade Desk (TTD) | Technology | $787.31M | |
| 84 | Ciena (CIEN) | Technology | $742.21M | |
| 85 | Akamai Technologies (AKAM) | Technology | $699.26M | |
| 86 | Monolithic Power Systems (MPWR) | Technology | $664.19M | |
| 87 | Jack Henry & Associates (JKHY) | Technology | $654.23M | |
| 88 | Tyler Technologies (TYL) | Technology | $637.53M | |
| 89 | Affirm Holdings (AFRM) | Technology | $619.13M | |
| 90 | EPAM Systems (EPAM) | Technology | $612.69M | |
| 91 | MongoDB (MDB) | Technology | $508.51M | |
| 92 | Teradyne (TER) | Technology | $450.40M | |
| 93 | Super Micro Computer (SMCI) | Technology | $440.09M | |
| 94 | Paycom Software (PAYC) | Technology | $406.10M | |
| 95 | Unity Software (U) | Technology | $403.93M | |
| 96 | Duolingo (DUOL) | Technology | $376.64M | |
| 97 | Cloudflare (NET) | Technology | $324.32M | |
| 98 | Elastic N.V. (ESTC) | Technology | $256.85M | |
| 99 | GitLab (GTLB) | Technology | $222.03M | |
| 100 | Badger Meter (BMI) | Technology | $169.08M |