CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies with the highest free cash flow

Free cash flow is operating cash flow minus capital expenditure: what is left once the company has paid to maintain and expand its asset base. We calculate it from two lines in the same filing, and a company is only ranked here if it reported both. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 2084 · Fiscal year 2025 · Data as of September 25, 2026

Apple (AAPL) tops the list with $98.8B in free cash flow for fiscal 2025, ahead of NVIDIA ($96.7B) and Alphabet ($73.3B). The top 10 together report $508B in free cash flow; the gap between #1 and #10 is ×4.52. 2084 SEC filers report free cash flow; the list shows the top 100. The last place on the list, Cenovus Energy, comes in at $5.3B.

Free cash flow
#CompanyFree cash flowYoY15-year trend
1AppleAAPLUSTechnology$98.8B−9.2%
2NVIDIANVDAUSTechnology$96.7B+58.9%
3AlphabetGOOGLUSTechnology$73.3B+0.7%
4MicrosoftMSFTUSTechnology$71.6B−3.3%
5Meta PlatformsMETAUSTechnology$46.1B−14.7%
6BroadcomAVGOUSTechnology$26.9B+38.6%
7Capital One FinancialCOFUSFinancials$26.1B+54.2%
8Berkshire HathawayBRK-BUSFinancials$25.0B+115.6%
9ComcastCMCSAUSCommunication services$21.9B+41.3%
10ValeVALEBRMaterials$21.8B+494.4%
11VisaVUSTechnology$21.6B+15.4%
12Verizon CommunicationsVZUSCommunication services$20.5B+150.0%
13Johnson & JohnsonJNJUSHealthcare$19.7B−0.7%
14AT&TTUSCommunication services$19.4B+5.0%
15T-Mobile USTMUSUSCommunication services$18.0B+33.8%
16AbbVieABBVUSHealthcare$17.8B−0.1%
17General MotorsGMUSConsumer discretionary$17.6B+88.9%
18ProgressivePGRUSFinancials$17.2B+15.9%
19MastercardMAUSTechnology$17.2B+19.9%
20ChevronCVXUSEnergy$16.6B+10.3%
21UnitedHealth GroupUNHUSHealthcare$16.1B−22.4%
22American ExpressAXPUSFinancials$16.0B+31.8%
23PDD HoldingsPDDIETechnology$15.3B+103.0%
24WalmartWMTUSConsumer discretionary$14.9B+17.9%
25SalesforceCRMUSTechnology$14.4B+15.8%
26Procter & GamblePGUSConsumer staples$14.0B−15.0%
27Cisco SystemsCSCOUSTechnology$13.3B+30.1%
28Bristol Myers SquibbBMYUSHealthcare$12.8B−7.9%
29QualcommQCOMUSTechnology$12.8B+14.9%
30Home DepotHDUSConsumer discretionary$12.6B−22.5%
31ASML HoldingASMLNLIndustrials$12.5B+27.2%
32Ford MotorFUSConsumer discretionary$12.5B+85.0%
33MerckMRKUSHealthcare$12.4B−31.7%
34International Business MachinesIBMUSTechnology$12.1B−2.4%
35AstraZenecaAZNGBHealthcare$11.8B+18.4%
36HDFC BankHDBINFinancials$11.4B−14.1%
37Anheuser-Busch InBevBUDBEConsumer staples$11.2B+0.3%
38AccentureACNIETechnology$10.9B+26.2%
39State StreetSTTUSFinancials$10.8B+$25.0B
40MercadolibreMELIUYTechnology$10.8B+52.6%
41Philip Morris InternationalPMUSConsumer staples$10.7B−1.0%
42Walt DisneyDISUSCommunication services$10.1B+17.7%
43AllstateALLUSFinancials$9.9B+13.3%
44AdobeADBEUSTechnology$9.9B+25.1%
45Uber TechnologiesUBERUSTechnology$9.8B+41.6%
46ConocoPhillipsCOPUSEnergy$9.6B+55.5%
47NetflixNFLXUSCommunication services$9.5B+36.7%
48Gilead SciencesGILDUSHealthcare$9.5B−8.2%
49BHP GroupBHPAUMaterials$9.3B−21.6%
50Booking HoldingsBKNGUSIndustrials$9.1B+15.1%
51PfizerPFEUSHealthcare$9.1B−7.7%
52Altria GroupMOUSConsumer staples$9.1B+5.4%
53Novo Nordisk A SNVODKHealthcare$8.9B−16.6%
54CaterpillarCATUSIndustrials$8.9B−11.2%
55Schwab CharlesSCHWUSFinancials$8.8B+327.5%
56Dell TechnologiesDELLUSTechnology$8.6B+357.6%
57Cigna GroupCIUSHealthcare$8.6B+160.2%
58Natwest GroupNWGGBFinancials$8.4B+405.3%
59GSKGSKGBHealthcare$8.4B+27.9%
60Ameriprise FinancialAMPUSFinancials$8.2B+27.1%
61AmgenAMGNUSHealthcare$8.1B−22.1%
62RTXRTXUSIndustrials$7.9B+75.1%
63Costco WholesaleCOSTUSConsumer discretionary$7.8B+18.2%
64UnileverULGBConsumer staples$7.8B−11.1%
65CVS HealthCVSUSHealthcare$7.8B+23.4%
66AmazonAMZNUSConsumer discretionary$7.7B−76.6%
67HCA HealthcareHCAUSHealthcare$7.7B+36.4%
68PepsiCoPEPUSConsumer staples$7.7B+6.7%
69Lowe's CompaniesLOWUSConsumer discretionary$7.7B−0.6%
70British American Tobacco P.L.CBTIGBConsumer staples$7.6B−38.0%
71Canadian Natural ResourcesCNQCAEnergy$7.6B+121.5%
72Wise GroupWSEGBTechnology$7.5B+32.8%
73Abbott LaboratoriesABTUSHealthcare$7.4B+16.4%
74NewmontNEMUSMaterials$7.3B+146.5%
75General ElectricGEUSTechnology$7.3B+97.5%
76McDonald'sMCDUSConsumer discretionary$7.2B+7.7%
77NetEaseNTESCNTechnology$7.1B+35.0%
78Lockheed MartinLMTUSIndustrials$6.9B+30.7%
79Advanced Micro DevicesAMDUSTechnology$6.7B+180.0%
80Bank of MontrealBMOCAFinancials$6.7B+100.7%
81Thermo Fisher ScientificTMOUSTechnology$6.3B−13.4%
82TeslaTSLAUSConsumer discretionary$6.2B+73.7%
83Arch CapitalACGLBMFinancials$6.1B−7.5%
84IntuitINTUUSTechnology$6.1B+30.5%
85DeereDEUSIndustrials$6.1B−19.7%
86EquinorEQNRNOEnergy$6.0B−18.0%
87Westpac BankingWEBNFAUFinancials$5.9B+$19.1B
88Hartford InsuranceHIGUSFinancials$5.8B−0.2%
89McKessonMCKUSHealthcare$5.7B+3.1%
90Applied MaterialsAMATUSTechnology$5.7B−23.9%
91Fidelity National FinancialFNFUSFinancials$5.6B+13.3%
92Deutsche Bank AktiengesellschaftDBUSFinancials$5.6B+$8.2B
93PayPal HoldingsPYPLUSTechnology$5.6B−17.8%
94Union PacificUNPUSIndustrials$5.5B−6.7%
95Northern TrustNTRSUSFinancials$5.5B+$6.0B
96S&P GlobalSPGIUSIndustrials$5.5B−2.0%
97MedtronicMDTIEHealthcare$5.4B+4.6%
98Honeywell InternationalHONUSIndustrials$5.4B+3.8%
99Coca ColaKOUSConsumer staples$5.3B+11.7%
100Cenovus EnergyCVECAEnergy$5.3B−$2.0B

All figures from SEC filings · FY2025 · 100

see sources

Download this data as a CSV →

Embed this table

Free to use on any site. The table updates itself whenever the data is rebuilt — you paste it once. The only condition is that you keep the credit line below the table, so readers can reach the source.

<iframe src="https://companiesranked.com/embed/en/companies-with-the-highest-free-cash-flow" title="Companies with the highest free cash flow" width="100%" height="478" loading="lazy" style="max-width:680px;border:1px solid #e5e2dc;border-radius:6px"></iframe>
<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-with-the-highest-free-cash-flow">Companies with the highest free cash flow</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

Open the embed on its own →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Companies with the highest free cash flow |url=https://companiesranked.com/en/companies-with-the-highest-free-cash-flow |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Companies with the highest free cash flow. CompaniesRanked. https://companiesranked.com/en/companies-with-the-highest-free-cash-flow

BibTeX

@misc{companiesranked-en-companies-with-the-highest-free-cash-flow-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies with the highest free cash flow}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-free-cash-flow}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

By sector

By country