Technology companies including software, hardware, semiconductors, and cloud services
Sector classifications follow the GICS industry standard.
Companies ranked by free cash flow margin
Health grades across the sector
| # | Symbol | Grade | FCF Margin |
|---|---|---|---|
| 1 | NVDA | A | 46.6% |
| 2 | AVGO | A | 42.1% |
| 3 | ADBE | A | 41.4% |
| 4 | PLTR | A | 39.8% |
| 5 | VEEV | A | 39.7% |
| 6 | ADI | A | 38.8% |
| 7 | ZM | A | 38.8% |
| 8 | PANW | A | 37.6% |
| 9 | NOW | A | 34.1% |
| 10 | CRM | A | 32.8% |
| 11 | KLAC | A | 30.8% |
| 12 | LRCX | A | 29.4% |
| 13 | QCOM | A | 28.9% |
| 14 | DDOG | A | 28.9% |
| 15 | OKTA | A | 28.0% |
| 16 | ZS | A | 27.2% |
| 17 | TEAM | A | 27.1% |
| 18 | CRWD | A | 27.0% |
| 19 | WDAY | A | 25.9% |
| 20 | MSFT | A | 25.4% |
| 21 | SNOW | A | 24.4% |
| 22 | MRVL | A | 24.1% |
| 23 | CDNS | A | 24.1% |
| 24 | AAPL | A | 23.7% |
| 25 | CSCO | B | 23.5% |
| 26 | AMAT | A | 20.1% |
| 27 | AMD | A | 19.4% |
| 28 | SNPS | D | 19.1% |
| 29 | SHOP | A | 18.0% |
| 30 | ACN | A | 15.6% |
| 31 | NXPI | C | 15.1% |
| 32 | TXN | B | 14.7% |
| 33 | NET | C | 10.0% |
| 34 | MU | F | 4.5% |
| 35 | ORCL | F | -0.7% |
| 36 | INTC | F | -9.4% |
Run the analyzer on these tickers to see their grades
Apple generates $98.8 billion in free cash flow with a 23.7% margin — exceptional by any measure. But the current ratio of 0.89 tells a different story about what happens when the bills come due.
MSFT converts 25% of revenue into free cash flow. The A-grade isn't generous. It's arithmetic.
The technology sector is printing cash at a 24.2% median margin — more than double most industries — with 80% of companies earning A-grades. But the gap between winners and losers has never been wider.