Biggest companies by free cash flow (2026)
The biggest free-cash-flow generator is AAPL at $129B TTM. The top 100 by cash actually generated — a stricter test than net income: capex-heavy build-outs (AI datacenters) show up here first. Prefer cheap cash flows? See lowest price-to-FCF stocks.
Updated July 2, 2026
Top 100 by TTM free cash flow#
| # | Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | AAPL | $308.63 | +4.8% | -2.1% | +20.7% | +13.7% | +45.9% | +126.3% | $4.25T | $129B | 35.1 |
| 2 | NVDA | $194.83 | -1.4% | -12.5% | +10.0% | +4.6% | +24.1% | +854.3% | $4.85T | $119B | 39.8 |
| 3 | MSFT | $390.49 | +1.6% | -11.5% | +4.8% | -18.9% | -19.9% | +46.5% | $2.77T | $73B | 39.8 |
| 4 | GOOGL | $359.91 | -0.4% | -0.5% | +21.8% | +15.1% | +102.1% | +190.0% | $4.36T | $64B | 67.7 |
| 5 | BAC | $58.73 | +0.6% | +12.5% | +19.5% | +7.9% | +23.2% | +61.2% | $404B | $57B | 7.5 |
| 6 | META | $582.90 | -4.9% | -2.5% | +1.5% | -11.6% | -18.1% | +65.6% | $1.43T | $48B | — |
| 7 | VZ | $42.56 | +1.4% | -11.1% | -12.6% | +7.8% | +4.1% | +2.3% | $177B | $37B | 4.8 |
| 8 | AVGO | $360.45 | -2.4% | -25.2% | +14.6% | +4.4% | +34.3% | +744.5% | $1.80T | $33B | 52.1 |
| 9 | COF | $205.12 | +0.1% | +11.6% | +13.2% | -14.7% | -4.9% | +42.3% | $124B | $27B | 4.7 |
| 10 | MU | $975.56 | -5.5% | -8.3% | +166.4% | +241.9% | +703.3% | +1145.1% | $1.30T | $26B | 42.0 |
| 11 | BRK-B | $507.78 | +1.6% | +7.7% | +6.4% | +1.0% | +5.7% | +81.9% | $1.08T | $24B | 0.0 |
| 12 | V | $362.13 | +3.1% | +14.1% | +20.6% | +3.7% | +3.0% | +57.5% | $652B | $21B | 8.0 |
| 13 | LLY | $1,213.91 | +1.9% | +14.1% | +30.0% | +13.3% | +56.9% | +443.9% | $1.07T | $20B | 55.9 |
| 14 | CMCSA | $23.79 | +0.3% | -4.3% | -14.8% | -13.2% | -26.8% | -49.0% | $88B | $20B | 2.4 |
| 15 | ABBV | $261.07 | +4.0% | +21.2% | +26.0% | +16.1% | +41.3% | +172.5% | $445B | $20B | 23.1 |
| 16 | UNH | $425.36 | -0.3% | +12.6% | +53.4% | +29.8% | +41.2% | +12.7% | $377B | $20B | 19.6 |
| 17 | XOM | $137.09 | +0.6% | -8.3% | -14.1% | +15.4% | +27.4% | +160.4% | $567B | $19B | 30.2 |
| 18 | TMUS | $177.52 | +2.6% | -6.0% | -11.4% | -11.7% | -23.9% | +26.7% | $182B | $18B | 10.7 |
| 19 | COP | $104.73 | +1.5% | -10.4% | -19.2% | +13.6% | +14.5% | +96.2% | $127B | $18B | 7.1 |
| 20 | JNJ | $263.04 | +3.6% | +18.0% | +8.8% | +28.5% | +73.3% | +79.0% | $611B | $18B | 35.6 |
| 21 | MA | $539.39 | +3.2% | +12.9% | +9.5% | -5.2% | -3.4% | +48.0% | $454B | $18B | 3.7 |
| 22 | T | $20.58 | +0.5% | -16.5% | -26.6% | -15.3% | -24.2% | +24.4% | $144B | $17B | 8.3 |
| 23 | IBKR | $91.33 | -2.1% | +2.9% | +35.0% | +42.3% | +57.6% | +512.8% | $148B | $17B | 0.2 |
| 24 | PGR | $232.22 | +3.1% | +18.0% | +18.9% | +2.0% | -9.9% | +134.6% | $127B | $16B | 8.3 |
| 25 | MET | $90.06 | +3.3% | +8.7% | +28.3% | +15.8% | +15.7% | +73.4% | $54B | $16B | 3.8 |
| 26 | CB | $361.17 | +2.7% | +15.7% | +10.0% | +16.1% | +29.3% | +138.6% | $132B | $15B | 9.3 |
| 27 | PG | $151.41 | +2.7% | +7.5% | +6.6% | +7.2% | -3.4% | +26.4% | $341B | $15B | 23.5 |
| 28 | GM | $76.00 | +0.6% | -6.8% | +5.0% | -6.1% | +45.6% | +34.2% | $70B | $15B | 4.7 |
| 29 | CRM | $166.11 | +1.8% | -17.3% | -11.0% | -37.1% | -37.9% | -32.1% | $128B | $15B | 10.5 |
| 30 | AXP | $351.96 | +1.1% | +13.2% | +17.2% | -4.4% | +9.2% | +121.3% | $231B | $14B | 16.9 |
| 31 | HD | $357.90 | +2.0% | +15.7% | +12.1% | +5.5% | -1.2% | +25.5% | $352B | $14B | 24.9 |
| 32 | MRK | $129.56 | +3.3% | +12.0% | +7.2% | +24.0% | +61.3% | +91.0% | $317B | $14B | 22.7 |
| 33 | CVX | $169.20 | +2.1% | -9.8% | -14.2% | +13.1% | +19.1% | +95.6% | $330B | $14B | 24.5 |
| 34 | IBM | $289.52 | +1.1% | -12.1% | +17.5% | -1.0% | +3.2% | +162.5% | $264B | $13B | 21.1 |
| 35 | ACN | $137.35 | +4.7% | -26.2% | -31.2% | -48.4% | -54.0% | -51.5% | $76B | $13B | 7.0 |
| 36 | KO | $84.14 | +3.5% | +7.3% | +9.7% | +21.2% | +21.2% | +78.6% | $350B | $13B | 28.8 |
| 37 | WMT | $111.84 | +2.8% | -1.1% | -10.9% | +0.8% | +15.5% | +155.3% | $901B | $13B | 71.0 |
| 38 | QCOM | $176.25 | -3.1% | -26.3% | +40.0% | +4.4% | +11.2% | +38.1% | $195B | $13B | 15.0 |
| 39 | NEE | $88.34 | +2.3% | +3.9% | -4.5% | +11.6% | +24.5% | +35.5% | $183B | $12B | 14.9 |
| 40 | BMY | $58.13 | +3.0% | +6.7% | -2.5% | +10.1% | +28.1% | +5.1% | $118B | $12B | 9.9 |
| 41 | NFLX | $77.65 | +4.7% | -6.8% | -21.3% | -17.2% | -39.6% | +45.4% | $301B | $12B | 27.5 |
| 42 | CSCO | $112.69 | -3.7% | -12.0% | +42.6% | +47.9% | +68.2% | +141.0% | $463B | $12B | 37.8 |
| 43 | ALL | $250.33 | +3.0% | +18.9% | +21.5% | +21.5% | +31.2% | +111.7% | $61B | $12B | 5.6 |
| 44 | TRV | $342.31 | +2.3% | +17.3% | +16.4% | +18.4% | +34.6% | +148.3% | $70B | $11B | 6.5 |
| 45 | EOG | $130.78 | +1.7% | -5.6% | -7.6% | +26.7% | +10.2% | +92.0% | $69B | $11B | 6.5 |
| 46 | PM | $182.27 | +2.6% | +5.0% | +15.3% | +14.6% | +6.5% | +127.0% | $282B | $11B | 26.6 |
| 47 | ADBE | $219.72 | +4.1% | -16.2% | -9.6% | -37.2% | -41.9% | -63.0% | $81B | $10B | 8.6 |
| 48 | GILD | $131.27 | +4.2% | +2.9% | -6.0% | +7.5% | +19.9% | +125.4% | $157B | $10B | 15.9 |
| 49 | SYF | $76.33 | -0.6% | +7.6% | +12.0% | -7.8% | +11.7% | +73.8% | $26B | $10B | 2.7 |
| 50 | UBER | $74.43 | +2.4% | +3.9% | +3.6% | -8.9% | -19.1% | +43.9% | $147B | $10B | 15.6 |
| 51 | PRU | $112.95 | +1.7% | +10.0% | +17.3% | +2.8% | +9.5% | +39.3% | $37B | $10B | 4.0 |
| 52 | SCHW | $97.00 | +1.3% | +10.7% | +3.8% | -2.2% | +7.5% | +42.3% | $160B | $10B | 17.5 |
| 53 | USB | $61.73 | -0.4% | +13.1% | +16.6% | +16.9% | +34.0% | +31.9% | $94B | $10B | 10.0 |
| 54 | F | $13.36 | -2.1% | -17.3% | +15.2% | +1.8% | +13.5% | -10.5% | $55B | $10B | 5.2 |
| 55 | PFE | $24.32 | +1.8% | -4.8% | -12.7% | +0.9% | +2.6% | -21.2% | $137B | $9B | 14.6 |
| 56 | CAT | $963.53 | -2.8% | +5.9% | +34.6% | +68.9% | +144.4% | +383.7% | $490B | $9B | 46.8 |
| 57 | DELL | $394.32 | -7.3% | -9.4% | +126.8% | +215.6% | +224.2% | +759.1% | $279B | $9B | 27.1 |
| 58 | NEM | $97.04 | +4.0% | -11.4% | -14.7% | -2.4% | +63.3% | +76.8% | $100B | $9B | 11.4 |
| 59 | BKNG | $184.56 | +1.1% | +10.4% | +10.0% | -13.8% | -19.1% | +106.1% | $138B | $9B | 0.6 |
| 60 | PEP | $144.22 | +2.2% | +2.5% | -7.3% | +2.3% | +9.7% | +13.2% | $185B | $9B | 22.3 |
| 61 | CI | $287.77 | +3.9% | +6.1% | +7.2% | +5.7% | -8.2% | +32.5% | $73B | $9B | 8.6 |
| 62 | COST | $951.67 | +2.9% | -0.3% | -6.1% | +10.7% | -2.6% | +151.6% | $415B | $9B | 47.9 |
| 63 | MO | $72.71 | +1.6% | +5.0% | +10.6% | +28.2% | +29.2% | +120.1% | $120B | $9B | 14.1 |
| 64 | AMGN | $374.15 | +3.5% | +14.0% | +8.3% | +16.0% | +29.9% | +76.0% | $195B | $9B | 23.5 |
| 65 | AMD | $517.82 | -4.3% | -0.7% | +138.1% | +141.8% | +273.8% | +446.8% | $947B | $9B | 98.5 |
| 66 | RTX | $199.25 | +3.9% | +14.3% | +2.0% | +9.5% | +40.1% | +156.5% | $256B | $8B | 31.7 |
| 67 | FANG | $172.04 | +0.0% | -15.0% | -10.8% | +15.8% | +24.4% | +116.4% | $49B | $8B | 5.9 |
| 68 | HCA | $410.50 | +4.4% | +11.7% | -13.0% | -11.9% | +9.1% | +98.8% | $86B | $8B | 11.6 |
| 69 | APO | $118.61 | +0.1% | -7.9% | +11.3% | -17.4% | -15.6% | +104.2% | $68B | $8B | 8.7 |
| 70 | INTU | $275.35 | +3.1% | -14.5% | -34.6% | -58.2% | -64.1% | -42.8% | $71B | $8B | 9.8 |
| 71 | LOW | $227.50 | +2.5% | +10.1% | -1.1% | -4.8% | +2.2% | +27.7% | $124B | $8B | 16.7 |
| 72 | GEV | $1,113.11 | -1.9% | +14.8% | +23.9% | +70.5% | +120.9% | — | $316B | $8B | 39.7 |
| 73 | GE | $377.52 | +0.7% | +18.8% | +34.3% | +22.7% | +55.1% | +481.1% | $390B | $7B | 52.8 |
| 74 | CVS | $104.72 | -0.1% | +17.0% | +43.7% | +34.2% | +62.9% | +49.5% | $132B | $7B | 18.0 |
| 75 | ABT | $95.40 | +3.5% | +9.7% | -6.7% | -23.0% | -27.4% | -11.3% | $158B | $7B | 22.5 |
| 76 | CNC | $67.86 | -0.7% | +13.1% | +93.3% | +64.9% | +100.9% | -8.1% | $32B | $7B | 4.7 |
| 77 | DIS | $99.50 | +4.0% | -1.9% | +3.0% | -12.5% | -18.5% | -42.5% | $167B | $7B | 24.8 |
| 78 | MCD | $280.63 | +4.2% | +1.5% | -8.0% | -7.0% | -2.5% | +34.6% | $192B | $7B | 28.3 |
| 79 | TSLA | $393.45 | -7.5% | -7.1% | +9.1% | -12.5% | +24.6% | +73.9% | $1.58T | $7B | 211 |
| 80 | AMP | $489.16 | +2.0% | +9.8% | +13.1% | +0.4% | -8.6% | +109.9% | $41B | $7B | 6.4 |
| 81 | PNC | $249.49 | -0.8% | +12.9% | +18.7% | +21.4% | +31.7% | +55.0% | $99B | $7B | 14.8 |
| 82 | TMO | $523.44 | +2.0% | +8.6% | +6.5% | -9.6% | +22.7% | +3.3% | $186B | $7B | 28.8 |
| 83 | DE | $621.27 | -1.0% | +7.3% | +7.9% | +33.8% | +20.6% | +87.7% | $171B | $7B | 25.1 |
| 84 | ELV | $417.89 | +0.4% | +7.4% | +39.0% | +19.9% | +21.3% | +15.4% | $84B | $6B | 14.3 |
| 85 | GD | $373.54 | +3.4% | +10.6% | +7.5% | +11.9% | +29.4% | +119.0% | $96B | $6B | 16.3 |
| 86 | LRCX | $351.41 | -10.2% | +5.1% | +60.9% | +105.5% | +257.5% | +486.2% | $542B | $6B | 73.1 |
| 87 | ACGL | $102.20 | +3.7% | +16.6% | +5.6% | +6.5% | +15.6% | +158.7% | $34B | $6B | 6.2 |
| 88 | HIG | $137.85 | +3.0% | +8.4% | +1.7% | +0.9% | +14.1% | +145.1% | $36B | $6B | 6.5 |
| 89 | MCK | $786.30 | +2.4% | +6.7% | -11.0% | -4.0% | +11.9% | +319.5% | $88B | $6B | 16.8 |
| 90 | MPC | $266.35 | +0.6% | +1.3% | +10.6% | +65.2% | +55.6% | +390.7% | $75B | $6B | 13.8 |
| 91 | UNP | $282.25 | +1.6% | +6.6% | +15.9% | +23.3% | +21.7% | +40.5% | $161B | $6B | 29.4 |
| 92 | TFC | $50.98 | +0.2% | +5.9% | +9.2% | +5.7% | +18.3% | +15.2% | $62B | $6B | 11.2 |
| 93 | LMT | $545.91 | +4.6% | +6.3% | -11.8% | +14.2% | +21.2% | +63.6% | $117B | $6B | 22.2 |
| 94 | SPGI | $439.89 | +6.0% | +5.4% | +2.3% | -15.4% | -15.6% | +10.6% | $121B | $6B | 23.7 |
| 95 | PYPL | $45.47 | +3.2% | +2.4% | +0.6% | -21.6% | -39.9% | -84.2% | $38B | $6B | 7.6 |
| 96 | CAH | $238.94 | +0.5% | +22.6% | +11.6% | +16.8% | +48.7% | +359.1% | $56B | $6B | 10.3 |
| 97 | TJX | $154.26 | +1.9% | +0.4% | -4.0% | +1.0% | +24.6% | +143.0% | $167B | $5B | 31.2 |
| 98 | ADP | $242.27 | +2.8% | +4.8% | +18.8% | -5.1% | -19.0% | +33.1% | $90B | $5B | 17.9 |
| 99 | VLO | $267.76 | -0.6% | +3.7% | +10.2% | +66.3% | +93.3% | +304.0% | $77B | $5B | 14.7 |
| 100 | MDT | $83.19 | +5.0% | +12.8% | -4.0% | -12.7% | -3.6% | -24.1% | $100B | $5B | 19.7 |
Methodology#
Free cash flow = operating cash flow − capital expenditures, trailing-twelve-month, computed from SEC EDGAR filings and refreshed as companies file quarterly. Universe: US-listed stocks, share classes deduplicated; financials are largely absent (FCF is not meaningful for banks). Returns are total returns (dividends reinvested), updated daily. Past performance does not predict future returns; not investment advice.
FAQ
- Which company generates the most free cash flow?
- Apple Inc. (AAPL) generates the most free cash flow of any US-listed company — about $129B over the trailing twelve months.
- What are the top 10 companies by free cash flow?
- The 10 biggest free-cash-flow generators (TTM): 1. AAPL $129B, 2. NVDA $119B, 3. MSFT $73B, 4. GOOGL $64B, 5. BAC $57B, 6. META $48B, 7. VZ $37B, 8. AVGO $33B, 9. COF $27B, 10. MU $26B.
- Why does free cash flow matter?
- Free cash flow is operating cash flow minus capital expenditures — the cash left after running and maintaining the business. Many investors treat it as harder to manipulate than net income, and it's what funds buybacks, dividends and debt paydown. Note that heavy investment phases (like AI datacenter build-outs) depress FCF even at very profitable companies.
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