CompaniesRanked

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

Companies in the United States 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 1771 · 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 ×4.58. 1771 companies in the United States report free cash flow, 85.0% of the 2084-filer universe. The last place on the list, Archer-Daniels-Midland, comes in at $4.2B.

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%
10VisaVUSTechnology$21.6B+15.4%
11Verizon CommunicationsVZUSCommunication services$20.5B+150.0%
12Johnson & JohnsonJNJUSHealthcare$19.7B−0.7%
13AT&TTUSCommunication services$19.4B+5.0%
14T-Mobile USTMUSUSCommunication services$18.0B+33.8%
15AbbVieABBVUSHealthcare$17.8B−0.1%
16General MotorsGMUSConsumer discretionary$17.6B+88.9%
17ProgressivePGRUSFinancials$17.2B+15.9%
18MastercardMAUSTechnology$17.2B+19.9%
19ChevronCVXUSEnergy$16.6B+10.3%
20UnitedHealth GroupUNHUSHealthcare$16.1B−22.4%
21American ExpressAXPUSFinancials$16.0B+31.8%
22WalmartWMTUSConsumer discretionary$14.9B+17.9%
23SalesforceCRMUSTechnology$14.4B+15.8%
24Procter & GamblePGUSConsumer staples$14.0B−15.0%
25Cisco SystemsCSCOUSTechnology$13.3B+30.1%
26Bristol Myers SquibbBMYUSHealthcare$12.8B−7.9%
27QualcommQCOMUSTechnology$12.8B+14.9%
28Home DepotHDUSConsumer discretionary$12.6B−22.5%
29Ford MotorFUSConsumer discretionary$12.5B+85.0%
30MerckMRKUSHealthcare$12.4B−31.7%
31International Business MachinesIBMUSTechnology$12.1B−2.4%
32State StreetSTTUSFinancials$10.8B+$25.0B
33Philip Morris InternationalPMUSConsumer staples$10.7B−1.0%
34Walt DisneyDISUSCommunication services$10.1B+17.7%
35AllstateALLUSFinancials$9.9B+13.3%
36AdobeADBEUSTechnology$9.9B+25.1%
37Uber TechnologiesUBERUSTechnology$9.8B+41.6%
38ConocoPhillipsCOPUSEnergy$9.6B+55.5%
39NetflixNFLXUSCommunication services$9.5B+36.7%
40Gilead SciencesGILDUSHealthcare$9.5B−8.2%
41Booking HoldingsBKNGUSIndustrials$9.1B+15.1%
42PfizerPFEUSHealthcare$9.1B−7.7%
43Altria GroupMOUSConsumer staples$9.1B+5.4%
44CaterpillarCATUSIndustrials$8.9B−11.2%
45Schwab CharlesSCHWUSFinancials$8.8B+327.5%
46Dell TechnologiesDELLUSTechnology$8.6B+357.6%
47Cigna GroupCIUSHealthcare$8.6B+160.2%
48Ameriprise FinancialAMPUSFinancials$8.2B+27.1%
49AmgenAMGNUSHealthcare$8.1B−22.1%
50RTXRTXUSIndustrials$7.9B+75.1%
51Costco WholesaleCOSTUSConsumer discretionary$7.8B+18.2%
52CVS HealthCVSUSHealthcare$7.8B+23.4%
53AmazonAMZNUSConsumer discretionary$7.7B−76.6%
54HCA HealthcareHCAUSHealthcare$7.7B+36.4%
55PepsiCoPEPUSConsumer staples$7.7B+6.7%
56Lowe's CompaniesLOWUSConsumer discretionary$7.7B−0.6%
57Abbott LaboratoriesABTUSHealthcare$7.4B+16.4%
58NewmontNEMUSMaterials$7.3B+146.5%
59General ElectricGEUSTechnology$7.3B+97.5%
60McDonald'sMCDUSConsumer discretionary$7.2B+7.7%
61Lockheed MartinLMTUSIndustrials$6.9B+30.7%
62Advanced Micro DevicesAMDUSTechnology$6.7B+180.0%
63Thermo Fisher ScientificTMOUSTechnology$6.3B−13.4%
64TeslaTSLAUSConsumer discretionary$6.2B+73.7%
65IntuitINTUUSTechnology$6.1B+30.5%
66DeereDEUSIndustrials$6.1B−19.7%
67Hartford InsuranceHIGUSFinancials$5.8B−0.2%
68McKessonMCKUSHealthcare$5.7B+3.1%
69Applied MaterialsAMATUSTechnology$5.7B−23.9%
70Fidelity National FinancialFNFUSFinancials$5.6B+13.3%
71Deutsche Bank AktiengesellschaftDBUSFinancials$5.6B+$8.2B
72PayPal HoldingsPYPLUSTechnology$5.6B−17.8%
73Union PacificUNPUSIndustrials$5.5B−6.7%
74Northern TrustNTRSUSFinancials$5.5B+$6.0B
75S&P GlobalSPGIUSIndustrials$5.5B−2.0%
76Honeywell InternationalHONUSIndustrials$5.4B+3.8%
77Coca ColaKOUSConsumer staples$5.3B+11.7%
78DanaherDHRUSTechnology$5.3B−0.7%
79Bank of New York MellonBNYUSFinancials$5.2B+$6.0B
80FedExFDXUSIndustrials$5.1B+71.6%
81Marsh & Mclennan CompaniesMRSHUSFinancials$5.0B+25.5%
82TJX CompaniesTJXUSConsumer discretionary$4.9B+17.1%
83PrologisPLDUSReal estate$4.9B+8.5%
84Lam ResearchLRCXUSIndustrials$4.9B−9.7%
85SLBSLBUSEnergy$4.8B+2.7%
86Marathon PetroleumMPCUSEnergy$4.8B−22.3%
87United Parcel ServiceUPSUSIndustrials$4.8B−23.3%
88AirbnbABNBUSIndustrials$4.6B+48.8%
89ServiceNowNOWUSTechnology$4.6B+34.0%
90BlackstoneBXUSFinancials$4.5B+33.0%
91Charter CommunicationsCHTRUSCommunication services$4.4B+39.8%
92AmphenolAPHUSTechnology$4.4B+103.7%
93StoneX GroupSNEXUSFinancials$4.3B+878.7%
94CenteneCNCUSHealthcare$4.3B+$4.8B
95FiservFISVUSTechnology$4.3B−15.1%
96Intercontinental ExchangeICEUSFinancials$4.3B+2.0%
97StrykerSYKUSHealthcare$4.3B+22.8%
98Analog DevicesADIUSTechnology$4.3B+37.0%
99Arista NetworksANETUSTechnology$4.3B+15.7%
100Archer-Daniels-MidlandADMUSConsumer staples$4.2B+242.6%

All figures from SEC filings · FY2025 · 100

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

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

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

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