Top Technology Stocks by Free Cash Flow
Top technology companies ranked by free cash flow, latest annual filings.
What Free Cash Flow Means for Technology Companies
Free cash flow in technology tends to split the sector cleanly in two. Mature platform and enterprise-software firms, once infrastructure is built, often convert revenue into cash at rates few other sectors can match. Hypergrowth firms still hiring sales teams, funding cloud buildouts, or burning through customer acquisition budgets often show thin or negative free cash flow despite strong revenue growth, which is why the metric reads differently across the sector's life stages.
Why It Matters in Technology
For a mature tech business, strong free cash flow tends to reflect compound operating leverage on a built platform, and it is what funds the buybacks and dividends category leaders are known for. For a younger firm, the metric is less meaningful on a single-period basis because heavy reinvestment into growth can be rational even when it means negative cash flow today. Reading free cash flow alongside the stage and growth rate matters more here than almost anywhere else.
What to Read Alongside
Pair free cash flow with Net Income to gauge earnings quality and accrual health, Share Buybacks to see how excess cash is returned to shareholders, and Revenue for the conversion rate from top-line sales into actual cash generation.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc. | Technology | $98.77B | $4849.21B |
| 2 | NVDA | NVIDIA Corporation | Technology | $96.68B | $5094.05B |
| 3 | MSFT | Microsoft Corporation | Technology | $66.99B | $3752.94B |
| 4 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | $31.96B | $2168.00B |
| 5 | AVGO | Broadcom Inc. | Technology | $26.91B | $1645.57B |
| 6 | CRM | Salesforce, Inc. | Technology | $14.40B | $213.51B |
| 7 | QCOM | QUALCOMM Incorporated | Technology | $12.82B | $192.41B |
| 8 | CSCO | Cisco Systems, Inc. | Technology | $12.77B | $433.92B |
| 9 | IBM | International Business Machines Corporation | Technology | $12.10B | $234.68B |
| 10 | SNDK | Sandisk Corporation | Technology | $11.49B | $227.24B |
| 11 | ACN | Accenture plc | Technology | $10.87B | $119.33B |
| 12 | ADBE | Adobe Inc. | Technology | $9.85B | $105.58B |
| 13 | UBER | Uber Technologies, Inc. | Technology | $9.76B | $148.35B |
| 14 | INTU | Intuit Inc. | Technology | $8.66B | $90.63B |
| 15 | DELL | Dell Technologies Inc. | Technology | $8.55B | $339.70B |
| 16 | WSE | Wise Group plc | Technology | $7.53B | $11.93B |
| 17 | AMD | Advanced Micro Devices, Inc. | Technology | $6.74B | $805.48B |
| 18 | AMAT | Applied Materials, Inc. | Technology | $5.70B | $336.65B |
| 19 | LRCX | Lam Research Corporation | Technology | $4.89B | $342.22B |
| 20 | NOW | ServiceNow, Inc. | Technology | $4.58B | $147.17B |
| 21 | APH | Amphenol Corporation | Technology | $4.38B | $193.70B |
| 22 | FI | Fiserv, Inc. | Technology | $4.30B | $34.31B |
| 23 | ADI | Analog Devices, Inc. | Technology | $4.28B | $174.94B |
| 24 | ANET | Arista Networks, Inc. | Technology | $4.25B | $236.87B |
| 25 | PANW | Palo Alto Networks, Inc. | Technology | $4.11B | $305.88B |
| 26 | KLAC | KLA Corporation | Technology | $3.77B | $220.92B |
| 27 | WDC | Western Digital Corporation | Technology | $3.51B | $153.93B |
| 28 | TEL | TE Connectivity plc | Technology | $3.20B | $58.88B |
| 29 | STX | Seagate Technology Holdings plc | Technology | $3.10B | $183.18B |
| 30 | HPQ | HP Inc. | Technology | $2.80B | $30.68B |
| 31 | WDAY | Workday, Inc. | Technology | $2.78B | $46.80B |
| 32 | TXN | Texas Instruments Incorporated | Technology | $2.60B | $240.57B |
| 33 | CTSH | Cognizant Technology Solutions Corporation | Technology | $2.60B | $28.87B |
| 34 | MSI | Motorola Solutions, Inc. | Technology | $2.57B | $78.47B |
| 35 | FIS | Fidelity National Information Services, Inc. | Technology | $2.45B | $19.69B |
| 36 | XYZ | Block, Inc. | Technology | $2.42B | $47.76B |
| 37 | NXPI | NXP Semiconductors N.V. | Technology | $2.42B | $56.54B |
| 38 | ADSK | Autodesk, Inc. | Technology | $2.41B | $47.85B |
| 39 | PAYX | Paychex, Inc. | Technology | $2.32B | $42.19B |
| 40 | FTNT | Fortinet, Inc. | Technology | $2.23B | $124.86B |
| 41 | PLTR | Palantir Technologies Inc. | Technology | $2.10B | $416.47B |
| 42 | SHOP | Shopify Inc. | Technology | $2.01B | $172.27B |
| 43 | ZM | Zoom Communications, Inc. | Technology | $1.92B | $27.82B |
| 44 | NTAP | NetApp, Inc. | Technology | $1.87B | $36.98B |
| 45 | MU | Micron Technology, Inc. | Technology | $1.67B | $1043.59B |
| 46 | SSNC | SS&C Technologies Holdings, Inc. | Technology | $1.66B | $19.06B |
| 47 | UMC | United Microelectronics Corporation | Technology | $1.66B | $54.92B |
| 48 | LDOS | Leidos Holdings, Inc. | Technology | $1.63B | $16.67B |
| 49 | CDNS | Cadence Design Systems, Inc. | Technology | $1.59B | $76.85B |
| 50 | GDDY | GoDaddy Inc. | Technology | $1.58B | $13.23B |
| 51 | GEN | Gen Digital Inc. | Technology | $1.52B | $18.80B |
| 52 | WIT | Wipro Limited | Technology | $1.43B | $17.61B |
| 53 | ON | ON Semiconductor Corporation | Technology | $1.42B | $27.89B |
| 54 | MRVL | Marvell Technology, Inc. | Technology | $1.40B | $196.65B |
| 55 | SNX | TD SYNNEX Corporation | Technology | $1.39B | $20.88B |
| 56 | GRMN | Garmin Ltd. | Technology | $1.36B | $54.07B |
| 57 | SNPS | Synopsys, Inc. | Technology | $1.35B | $73.10B |
| 58 | TEAM | Atlassian Corporation | Technology | $1.32B | $48.80B |
| 59 | CRWD | CrowdStrike Holdings, Inc. | Technology | $1.31B | $241.01B |
| 60 | CPAY | Corpay, Inc. | Technology | $1.30B | $27.09B |
| 61 | KEYS | Keysight Technologies, Inc. | Technology | $1.28B | $53.62B |
| 62 | BR | Broadridge Financial Solutions, Inc. | Technology | $1.28B | $19.88B |
| 63 | FSLR | First Solar, Inc. | Technology | $1.19B | $22.25B |
| 64 | CHKP | Check Point Software Technologies Ltd. | Technology | $1.17B | $14.14B |
| 65 | JBL | Jabil Inc. | Technology | $1.17B | $31.30B |
| 66 | SNOW | Snowflake Inc. | Technology | $1.12B | $117.25B |
| 67 | SWKS | Skyworks Solutions, Inc. | Technology | $1.11B | $11.93B |
| 68 | CDW | CDW Corporation | Technology | $1.09B | $18.97B |
| 69 | TDY | Teledyne Technologies Incorporated | Technology | $1.07B | $27.68B |
| 70 | VRSN | VeriSign, Inc. | Technology | $1.07B | $26.99B |
| 71 | DOCU | DocuSign, Inc. | Technology | $1.06B | $13.04B |
| 72 | FLEX | Flex Ltd. | Technology | $1.05B | $40.01B |
| 73 | DXC | DXC Technology Company | Technology | $1.04B | $1.94B |
| 74 | AKAM | Akamai Technologies, Inc. | Technology | $1.01B | $15.17B |
| 75 | GFS | GLOBALFOUNDRIES Inc. | Technology | $1.01B | $23.89B |
| 76 | DDOG | Datadog, Inc. | Technology | $1.00B | $82.61B |
| 77 | Q | Qnity Electronics, Inc. | Technology | $0.99B | $24.53B |
| 78 | ARM | Arm Holdings plc | Technology | $0.98B | $255.26B |
| 79 | FTV | Fortive Corporation | Technology | $0.98B | $16.67B |
| 80 | LOGI | Logitech International S.A. | Technology | $0.98B | $14.37B |
| 81 | DBX | Dropbox, Inc. | Technology | $0.93B | $8.11B |
| 82 | UI | Ubiquiti Inc. | Technology | $0.91B | $33.47B |
| 83 | FFIV | F5, Inc. | Technology | $0.91B | $23.30B |
| 84 | OKTA | Okta, Inc. | Technology | $0.88B | $32.60B |
| 85 | MCHP | Microchip Technology Incorporated | Technology | $0.87B | $38.81B |
| 86 | PTC | PTC Inc. | Technology | $0.86B | $14.83B |
| 87 | ZS | Zscaler, Inc. | Technology | $0.85B | $31.26B |
| 88 | ZBRA | Zebra Technologies Corporation | Technology | $0.83B | $16.64B |
| 89 | OTEX | Open Text Corporation | Technology | $0.81B | $5.80B |
| 90 | INGM | Ingram Micro Holding Corporation | Technology | $0.79B | $6.18B |
| 91 | CACI | CACI International Inc | Technology | $0.78B | $14.08B |
| 92 | FICO | Fair Isaac Corporation | Technology | $0.77B | $21.63B |
| 93 | NTNX | Nutanix, Inc. | Technology | $0.75B | $18.30B |
| 94 | G | Genpact Limited | Technology | $0.73B | $6.12B |
| 95 | HUBS | HubSpot, Inc. | Technology | $0.71B | $12.50B |
| 96 | NICE | NICE Ltd. | Technology | $0.70B | $6.25B |
| 97 | JKHY | Jack Henry & Associates, Inc. | Technology | $0.69B | $11.54B |
| 98 | QRVO | Qorvo, Inc. | Technology | $0.68B | $9.53B |
| 99 | MPWR | Monolithic Power Systems, Inc. | Technology | $0.67B | $56.18B |
| 100 | CIEN | Ciena Corporation | Technology | $0.67B | $45.33B |
No companies match this search.
How this ranking is built
Companies are ranked by free cash flow as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.