U.S. large-cap cash-flow screen · October 9, 2026 close

50 U.S. Large-Cap Stocks With FCF Margins Above 20%, Ranked by One-Year Performance

Strong reported cash conversion, weak recent share performance: 50 common stocks ranked by one-year adjusted returns, with five-year context, regular dividend yields and market capitalization.

Strong reported cash conversion, very different stock outcomes

Cash generation and shareholder returns can move in different directions. These 50 U.S. large-cap common stocks have reported trailing free-cash-flow-to-sales margins above 20%, with market values above $10 billion. The table places the largest one-year declines first and adds five-year performance, regular dividend yields and company equity values.

Roblox Corporation leads this selection with a 61.96% decline, followed by Fair Isaac Corporation at 60.93%. Their reported cash-flow margins are 28.92% and 40.14%, respectively. All 50 recorded a negative one-year adjusted return. A high cash-flow margin and a weak share price invite further research; they do not establish that a stock is undervalued.

Selections

50 common stocks

50 decliners

Largest one-year decline

-61.96%

Roblox Corporation

Cash-flow threshold

Above 20%

Reported trailing FCF / revenue

The 50-stock screen

Ranked from the weakest to the strongest one-year adjusted return within this selection. Scroll horizontally to see every column. SEC filing links appear in the financial figures below.

#	FCF/Sales	1 Year	5Yr Rtn	Reg Div	Cap	Article
1	28.92%	-62.0%	-31.7%	0.00%	$34.35B	Read
2	40.14%	-60.9%	+66.5%	0.00%	$14.42B	Read
3	66.27%	-53.9%	+220.9%	0.00%	$92.71B	Read
4	40.18%	-52.4%	-40.7%	1.64%	$80.91B	Read
5	24.31%	-46.8%	-60.0%	2.79%	$30.91B	Read
6	23.90%	-43.8%	N/A	0.00%	$21.56B	—
7	23.06%	-42.9%	+11.1%	0.00%	$292.72B	Read
8	27.16%	-38.0%	-22.2%	0.00%	$25.31B	Read
9	44.26%	-37.0%	-22.1%	9.59%	$14.80B	Read
10	30.06%	-36.5%	N/A	0.00%	$25.78B	—
11	29.05%	-34.9%	-30.8%	0.00%	$13.50B	Read
12	21.30%	-33.5%	+8.6%	1.05%	$21.04B	—
13	28.11%	-32.9%	-58.6%	0.00%	$12.12B	Read
14	31.12%	-30.5%	-37.5%	0.80%	$10.85B	Read
15	40.79%	-30.3%	-58.0%	0.00%	$94.29B	Read
16	24.31%	-29.3%	+40.9%	0.00%	$13.72B	Read
17	30.93%	-29.0%	-16.7%	1.00%	$36.01B	—
18	34.05%	-26.0%	+16.9%	4.58%	$142.16B	—
19	23.24%	-25.8%	-12.3%	0.00%	$38.11B	Read
20	39.43%	-25.6%	-11.3%	1.10%	$23.12B	Read
21	36.66%	-24.5%	N/A	0.00%	$30.77B	—
22	35.34%	-24.2%	N/A	5.36%	$10.41B	—
23	36.44%	-24.2%	-15.6%	0.00%	$49.19B	Read
24	20.44%	-24.1%	-26.7%	0.00%	$14.01B	—
25	27.89%	-24.1%	+80.2%	0.00%	$19.11B	Read
26	31.09%	-23.3%	+14.0%	0.00%	$145.63B	Read
27	33.78%	-22.1%	+65.8%	1.03%	$120.48B	Read
28	33.36%	-22.0%	+49.1%	0.00%	$13.22B	Read
29	28.01%	-21.7%	-27.1%	0.00%	$44.97B	Read
30	28.02%	-17.9%	+6.7%	3.16%	$166.46B	—
31	27.55%	-17.6%	-16.0%	0.00%	$40.81B	—
32	28.85%	-16.3%	-5.2%	1.07%	$32.35B	—
33	20.22%	-16.1%	+38.2%	0.00%	$11.29B	Read
34	36.46%	-14.5%	+176.6%	0.12%	$17.61B	Read
35	30.54%	-13.3%	+2.3%	4.37%	$37.01B	Read
36	34.53%	-12.5%	+102.8%	1.27%	$11.16B	—
37	30.48%	-12.3%	+0.5%	2.15%	$13.92B	Read
38	34.57%	-10.8%	+4.7%	0.95%	$120.21B	Read
39	34.49%	-5.8%	-14.3%	0.76%	$188.57B	Read
40	27.76%	-5.1%	+124.0%	0.52%	$39.78B	Read
41	36.36%	-4.9%	+33.7%	0.87%	$80.40B	—
42	29.21%	-4.5%	+29.0%	0.00%	$149.78B	Read
43	47.89%	-4.0%	+28.9%	1.61%	$122.24B	—
44	31.67%	-3.6%	+62.0%	0.00%	$21.10B	Read
45	27.76%	-3.1%	+19.1%	1.48%	$12.67B	—
46	31.54%	-3.0%	N/A	1.76%	$33.69B	—
47	22.91%	-2.9%	+21.7%	1.37%	$19.01B	—
48	39.41%	-2.7%	+171.7%	1.25%	$33.05B	Read
49	27.61%	-2.6%	+19.4%	4.05%	$30.95B	—
50	21.88%	-1.8%	+99.0%	1.09%	$73.51B	—

One year: October 9, 2025–October 9, 2026. Five years: October 8, 2021–October 9, 2026. Returns use dividend- and split-adjusted prices. Regular yield uses trailing ex-dividend dates and the unadjusted closing price; identifiable special distributions are excluded. Financial margins use each issuer’s latest available trailing period.

Rates still matter for valuation

In its September 16 decision, the Federal Reserve increased its target range by 25 basis points to 3.75%–4.00%.

A higher discount rate can weigh on the value assigned to future cash generation. For large-cap companies, it also changes the comparison between equity returns, cash yields and financing costs. This is a valuation lens, not proof that the rate decision caused the individual moves in the table. Operating results, starting valuations and balance-sheet strength still matter.

Roblox, AppLovin and Netflix show why the cash needs context

Roblox combines the largest decline in this table with a 28.92% cash-flow margin. Its business receives cash from users before some of that activity is recognized as revenue. The deferred-revenue movements in its quarterly cash-flow statement make bookings, revenue recognition and future delivery obligations important companions to the headline ratio.

AppLovin is included: its one-year decline is 53.85% and its reported cash-flow margin is 66.27%. Its filing describes the advertising business and the divestiture of the legacy Apps business. Changes in business scope and residual discontinued-operation cash flows deserve attention when comparing reported cash generation across periods.

Netflix’s reported cash conversion includes a significant exceptional receipt: its second-quarter filing identifies a $2.8 billion termination-fee receipt associated with the abandoned Warner Bros. Discovery transaction. The 23.06% trailing margin is a reported figure; it should not be read as an estimate of recurring cash conversion.

Cash generation is only one part of the investment case

Software, payments, industrial technology and healthcare companies share space with financial businesses in this table. Their reported cash ratios can look similar while the underlying economics differ. Subscription collections, client deposits, insurance liabilities and stock-based compensation each require a different interpretation.

For the software and advertising names, compare customer retention, monetization, dilution and the spending needed to sustain the product. For industrial and commodity businesses, assess sustaining investment and the cycle. For financial firms, study credit exposures and distributable earnings alongside the cash-flow statement. The same numerical threshold does not create the same investment risk.

Regular income is different from a special distribution

The regular-dividend column measures cash dividends associated with ex-dividend dates in the trailing year, using the October 9 closing price. It is not a forward annualized yield. A dividend announced recently can be absent if its ex-dividend date falls after the snapshot, while a dividend already ex-dividend can qualify before the payment arrives.

Variable quarterly distributions are retained when they are regular payments. Stock distributions are not treated as regular cash income. A higher yield after a price decline still needs to be tested against sustainable earnings and capital needs.

About the figures

The selection contains 50 U.S.-domiciled large-cap common stocks with reported trailing free-cash-flow-to-sales margins above 20% and market values above $10 billion at the October 9, 2026 snapshot. All 50 recorded a negative one-year adjusted return. REITs, mortgage REITs, BDCs, preferred stocks, funds and partnership units are excluded. The ranking covers the companies presented and is not a complete list of every qualifying U.S. stock.

FCF/Sales is reported operating cash flow less cash operating-capital investment, divided by reported revenue for the same trailing period. Operating-capital investment includes property, equipment, productive assets and separately reported software, internally created patents or content, operating-asset setup costs and equipment deposits. Business acquisitions, purchased intangible portfolios and equity-method investments are excluded. Each financial period-end date appears below.

Banks use net interest income before credit-loss provisions plus noninterest income; other financial firms use their reported revenue or net revenue, as appropriate. These are cash-flow ratios, not operating profit margins. Loan activity, policyholder balances, working capital, one-time receipts and stock-based compensation can affect the result. The figures are reported trailing results, not calendar-year 2026 forecasts or estimates of recurring cash generation.

One-year returns cover October 9, 2025–October 9, 2026. Five-year returns cover October 8, 2021–October 9, 2026. They are cumulative adjusted-price changes, using dividend and split adjustments, rather than annualized returns or maximum peak-to-trough drawdowns. N/A means that a sufficiently comparable five-year figure is unavailable; listings, mergers, business combinations or stock distributions can affect historical comparability.

Regular trailing dividend yield uses regular cash dividends with ex-dividend dates from October 10, 2025 through October 9, 2026, divided by the unadjusted October 9 close. Amounts before actual share splits or stock dividends are expressed per current share. Identifiable special cash distributions and distributions of another company’s stock are excluded. Zero means no regular dividend identified for that period.

Market capitalization is an approximate company equity value in U.S. dollars. For corporations with exchangeable operating-company units, the value includes common equity on a fully exchanged basis and can exceed the value of listed Class A shares alone. Available share counts can lag the trading date. The table contains corporate common shares, rather than partnership units.

Financial figures and SEC filings

The figures below show trailing revenue, operating cash flow and capital expenditures for each company, with links to the relevant SEC filings.

RBLX — trailing period ended 2026-06-30: operating cash flow $2,100,358,000, capital expenditure $455,978,000, reported revenue $5,685,551,000; ($2,100,358,000 − $455,978,000) / $5,685,551,000 = 28.92%. SEC filing. Annual filing.
FICO — trailing period ended 2026-06-30: operating cash flow $1,001,549,000, capital expenditure $40,671,000, reported revenue $2,393,575,000; ($1,001,549,000 − $40,671,000) / $2,393,575,000 = 40.14%. SEC filing. Annual filing.
APP — trailing period ended 2026-06-30: operating cash flow $4,527,589,000, capital expenditure $2,133,000, reported revenue $6,829,124,000; ($4,527,589,000 − $2,133,000) / $6,829,124,000 = 66.27%. SEC filing. Annual filing.
INTU — trailing period ended 2026-07-31: operating cash flow $8,838,000,000, capital expenditure $221,000,000, reported revenue $21,448,000,000; ($8,838,000,000 − $221,000,000) / $21,448,000,000 = 40.18%. SEC filing.
ZTS — trailing period ended 2026-06-30: operating cash flow $2,840,000,000, capital expenditure $524,000,000, reported revenue $9,525,000,000; ($2,840,000,000 − $524,000,000) / $9,525,000,000 = 24.31%. SEC filing. Annual filing.
CRCL — trailing period ended 2026-06-30: operating cash flow $776,918,000, capital expenditure $82,508,000, reported revenue $2,905,439,000; ($776,918,000 − $82,508,000) / $2,905,439,000 = 23.90%. SEC filing. Annual filing.
NFLX — trailing period ended 2026-06-30: operating cash flow $11,970,833,000, capital expenditure $818,828,000, reported revenue $48,370,764,000; ($11,970,833,000 − $818,828,000) / $48,370,764,000 = 23.06%. SEC filing. Annual filing.
CPRT — trailing period ended 2026-07-31: operating cash flow $1,604,492,000, capital expenditure $337,363,000, reported revenue $4,666,209,000; ($1,604,492,000 − $337,363,000) / $4,666,209,000 = 27.16%. SEC filing.
OWL — trailing period ended 2026-06-30: operating cash flow $1,380,000,000, capital expenditure $56,492,000, reported revenue $2,990,449,000; ($1,380,000,000 − $56,492,000) / $2,990,449,000 = 44.26%. SEC filing. Annual filing.
SYM — trailing period ended 2026-06-27: operating cash flow $894,433,000, capital expenditure $98,999,000, reported revenue $2,645,760,000; ($894,433,000 − $98,999,000) / $2,645,760,000 = 30.06%. SEC filing. Annual filing.
TYL — trailing period ended 2026-06-30: operating cash flow $730,747,000, capital expenditure $24,964,000, reported revenue $2,429,657,000; ($730,747,000 − $24,964,000) / $2,429,657,000 = 29.05%. SEC filing. Annual filing.
BRO — trailing period ended 2026-06-30: operating cash flow $1,520,000,000, capital expenditure $74,000,000, reported revenue $6,790,000,000; ($1,520,000,000 − $74,000,000) / $6,790,000,000 = 21.30%. SEC filing. Annual filing.
PINS — trailing period ended 2026-06-30: operating cash flow $1,333,773,000, capital expenditure $53,369,000, reported revenue $4,555,720,000; ($1,333,773,000 − $53,369,000) / $4,555,720,000 = 28.11%. SEC filing. Annual filing.
BSY — trailing period ended 2026-06-30: operating cash flow $522,885,000, capital expenditure $24,386,000, reported revenue $1,602,039,000; ($522,885,000 − $24,386,000) / $1,602,039,000 = 31.12%. SEC filing. Annual filing.
ADBE — trailing period ended 2026-08-28: operating cash flow $10,806,000,000, capital expenditure $214,000,000, reported revenue $25,970,000,000; ($10,806,000,000 − $214,000,000) / $25,970,000,000 = 40.79%. SEC filing. Annual filing.
GWRE — trailing period ended 2026-07-31: operating cash flow $389,716,000, capital expenditure $31,059,000, reported revenue $1,475,363,000; ($389,716,000 − $31,059,000) / $1,475,363,000 = 24.31%. SEC filing.
ROP — trailing period ended 2026-06-30: operating cash flow $2,669,100,000, capital expenditure $108,100,000, reported revenue $8,280,300,000; ($2,669,100,000 − $108,100,000) / $8,280,300,000 = 30.93%. SEC filing. Annual filing.
BX — trailing period ended 2026-06-30: operating cash flow $5,597,890,000, capital expenditure $111,651,000, reported revenue $16,110,480,000; ($5,597,890,000 − $111,651,000) / $16,110,480,000 = 34.05%. SEC filing. Annual filing.
ZS — trailing period ended 2026-07-31: operating cash flow $1,129,654,000, capital expenditure $350,511,000, reported revenue $3,352,523,000; ($1,129,654,000 − $350,511,000) / $3,352,523,000 = 23.24%. SEC filing.
VRSK — trailing period ended 2026-06-30: operating cash flow $1,503,200,000, capital expenditure $266,700,000, reported revenue $3,136,000,000; ($1,503,200,000 − $266,700,000) / $3,136,000,000 = 39.43%. SEC filing. Annual filing.
RDDT — trailing period ended 2026-06-30: operating cash flow $1,026,095,000, capital expenditure $7,446,000, reported revenue $2,778,834,000; ($1,026,095,000 − $7,446,000) / $2,778,834,000 = 36.66%. SEC filing. Annual filing.
FNF — trailing period ended 2026-06-30: operating cash flow $5,563,000,000, capital expenditure $135,000,000, reported revenue $15,358,000,000; ($5,563,000,000 − $135,000,000) / $15,358,000,000 = 35.34%. SEC filing. Annual filing.
ADSK — trailing period ended 2026-07-31: operating cash flow $2,896,000,000, capital expenditure $57,000,000, reported revenue $7,790,000,000; ($2,896,000,000 − $57,000,000) / $7,790,000,000 = 36.44%. SEC filing. Annual filing.
TRMB — trailing period ended 2026-07-03: operating cash flow $799,100,000, capital expenditure $26,000,000, reported revenue $3,782,900,000; ($799,100,000 − $26,000,000) / $3,782,900,000 = 20.44%. SEC filing. Annual filing.
FSLR — trailing period ended 2026-06-30: operating cash flow $2,155,743,000, capital expenditure $655,624,000, reported revenue $5,378,071,000; ($2,155,743,000 − $655,624,000) / $5,378,071,000 = 27.89%. SEC filing. Annual filing.
NOW — trailing period ended 2026-06-30: operating cash flow $5,308,000,000, capital expenditure $728,000,000, reported revenue $14,732,000,000; ($5,308,000,000 − $728,000,000) / $14,732,000,000 = 31.09%. SEC filing. Annual filing.
BKNG — trailing period ended 2026-06-30: operating cash flow $9,859,000,000, capital expenditure $320,000,000, reported revenue $28,241,000,000; ($9,859,000,000 − $320,000,000) / $28,241,000,000 = 33.78%. SEC filing. Annual filing.
GDDY — trailing period ended 2026-06-30: operating cash flow $1,728,800,000, capital expenditure $25,900,000, reported revenue $5,104,100,000; ($1,728,800,000 − $25,900,000) / $5,104,100,000 = 33.36%. SEC filing. Annual filing.
WDAY — trailing period ended 2026-07-31: operating cash flow $3,081,000,000, capital expenditure $237,000,000, reported revenue $10,155,000,000; ($3,081,000,000 − $237,000,000) / $10,155,000,000 = 28.01%. SEC filing. Annual filing.
MCD — trailing period ended 2026-06-30: operating cash flow $11,347,000,000, capital expenditure $3,586,000,000, reported revenue $27,702,000,000; ($11,347,000,000 − $3,586,000,000) / $27,702,000,000 = 28.02%. SEC filing. Annual filing.
IDXX — trailing period ended 2026-06-30: operating cash flow $1,371,510,000, capital expenditure $117,178,000, reported revenue $4,553,223,000; ($1,371,510,000 − $117,178,000) / $4,553,223,000 = 27.55%. SEC filing. Annual filing.
RMD — trailing period ended 2026-06-30: operating cash flow $1,805,829,000, capital expenditure $174,955,000, reported revenue $5,653,443,000; ($1,805,829,000 − $174,955,000) / $5,653,443,000 = 28.85%. SEC filing.
DECK — trailing period ended 2026-06-30: operating cash flow $1,193,713,000, capital expenditure $75,905,000, reported revenue $5,527,289,000; ($1,193,713,000 − $75,905,000) / $5,527,289,000 = 20.22%. SEC filing. Annual filing.
CDE — trailing period ended 2026-06-30: operating cash flow $1,466,361,000, capital expenditure $310,141,000, reported revenue $3,171,198,000; ($1,466,361,000 − $310,141,000) / $3,171,198,000 = 36.46%. SEC filing. Annual filing.
PAYX — trailing period ended 2026-08-31: operating cash flow $2,251,800,000, capital expenditure $235,100,000, reported revenue $6,602,500,000; ($2,251,800,000 − $235,100,000) / $6,602,500,000 = 30.54%. SEC filing. Annual filing.
EVR — trailing period ended 2026-06-30: operating cash flow $1,668,035,000, capital expenditure $42,129,000, reported revenue $4,708,938,000; ($1,668,035,000 − $42,129,000) / $4,708,938,000 = 34.53%. SEC filing. Annual filing.
GEN — trailing period ended 2026-07-03: operating cash flow $1,570,000,000, capital expenditure $22,000,000, reported revenue $5,079,000,000; ($1,570,000,000 − $22,000,000) / $5,079,000,000 = 30.48%. SEC filing. Annual filing.
SPGI — trailing period ended 2026-06-30: operating cash flow $5,729,000,000, capital expenditure $156,000,000, reported revenue $16,122,000,000; ($5,729,000,000 − $156,000,000) / $16,122,000,000 = 34.57%. SEC filing. Annual filing.
CRM — trailing period ended 2026-07-31: operating cash flow $15,750,000,000, capital expenditure $596,000,000, reported revenue $43,938,000,000; ($15,750,000,000 − $596,000,000) / $43,938,000,000 = 34.49%. SEC filing. Annual filing.
UI — trailing period ended 2026-06-30: operating cash flow $928,682,000, capital expenditure $19,738,000, reported revenue $3,274,162,000; ($928,682,000 − $19,738,000) / $3,274,162,000 = 27.76%. SEC filing.
MCO — trailing period ended 2026-06-30: operating cash flow $3,319,000,000, capital expenditure $352,000,000, reported revenue $8,160,000,000; ($3,319,000,000 − $352,000,000) / $8,160,000,000 = 36.36%. SEC filing. Annual filing.
ISRG — trailing period ended 2026-06-30: operating cash flow $3,706,400,000, capital expenditure $483,800,000, reported revenue $11,034,400,000; ($3,706,400,000 − $483,800,000) / $11,034,400,000 = 29.21%. SEC filing. Annual filing.
COF — trailing period ended 2026-06-30: operating cash flow $31,452,000,000, capital expenditure $1,751,000,000, reported revenue $62,023,000,000; ($31,452,000,000 − $1,751,000,000) / $62,023,000,000 = 47.89%. SEC filing. Annual filing.
PTC — trailing period ended 2026-06-30: operating cash flow $955,321,000, capital expenditure $19,837,000, reported revenue $2,953,972,000; ($955,321,000 − $19,837,000) / $2,953,972,000 = 31.67%. SEC filing. Annual filing.
GGG — trailing period ended 2026-06-26: operating cash flow $673,453,000, capital expenditure $43,998,000, reported revenue $2,267,210,000; ($673,453,000 − $43,998,000) / $2,267,210,000 = 27.76%. SEC filing. Annual filing.
TKO — trailing period ended 2026-06-30: operating cash flow $1,795,136,000, capital expenditure $122,766,000, reported revenue $5,301,863,000; ($1,795,136,000 − $122,766,000) / $5,301,863,000 = 31.54%. SEC filing. Annual filing.
SSNC — trailing period ended 2026-06-30: operating cash flow $1,816,100,000, capital expenditure $312,500,000, reported revenue $6,564,300,000; ($1,816,100,000 − $312,500,000) / $6,564,300,000 = 22.91%. SEC filing. Annual filing.
EQT — trailing period ended 2026-06-30: operating cash flow $6,246,145,000, capital expenditure $2,487,812,000, reported revenue $9,535,318,000; ($6,246,145,000 − $2,487,812,000) / $9,535,318,000 = 39.41%. SEC filing. Annual filing.
HBAN — trailing period ended 2026-06-30: operating cash flow $3,062,000,000, capital expenditure $379,000,000, reported revenue $9,718,000,000; ($3,062,000,000 − $379,000,000) / $9,718,000,000 = 27.61%. SEC filing. Annual filing.
MSI — trailing period ended 2026-07-04: operating cash flow $2,974,000,000, capital expenditure $297,000,000, reported revenue $12,237,000,000; ($2,974,000,000 − $297,000,000) / $12,237,000,000 = 21.88%. SEC filing. Annual filing.

Turn the screen into company research

Start with the business behind each row. Test recurring cash conversion, reinvestment needs, debt, dilution and growth; then compare those findings with valuation. A high reported cash-flow margin combined with a price decline is a research question, not a buy signal.

This article is informational research, not personalized investment advice. Historical returns do not imply future performance. Figures reflect the stated snapshot and information available at that time.

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