Aureus
AExcellent

Veeva Systems Inc.(VEEV)

A

Financial data as of Jan 31, 2025Improving · Technology

FCF Margin39.7%Free Cash Flow / Revenue
Cash Conversion152.6%Operating CF / Net Income
Free Cash Flow$1.1B
Revenue$2.7B
Net Cash$1.0BCash exceeds debt
Debt / FCF0.1xManageable debt load
Current Ratio4.51Adequate short-term liquidity
YoY FCF Growth+17.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (39.7%, 0.1x)
→
+1Strong YoY FCF growth (17.5% YoY)
→
-0.5Highly volatile FCF (consistency: 0.94)
→
+1Net cash position with strong FCF margin
→
+1Very low debt-to-FCF ratio (0.1x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (39.7%)
  • Excellent cash conversion (153%)
  • Net cash position ($1.0B)
  • Very low debt relative to cash flow (0.1x)
  • Strong liquidity (current ratio: 4.51)
  • FCF trend is improving

Concerns

  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin39.7%
Net Margin26.0%
Operating CF Margin39.7%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$1.0BCash exceeds debt
Debt / FCF0.1xManageable debt load
Current Ratio4.51Strong liquidity
Debt / Equity0.01Low leverage

Quarterly FCF Trend

+17.5% YoYImproving (+17.5%)

Free cash flow per quarter

Sector Comparison — Technology

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameVeeva Systems Inc.
SectorTechnology
Free Cash Flow$1.1B
Revenue$2.7B
Net Income$714.1M
Operating Cash Flow$1.1B
Capital Expenditure$0
FCF Margin39.7%
Cash Conversion Rate152.6%
Net Margin26.0%
Total Debt$75.8M
Total Cash$1.1B
Net Cash$1.0B
Current Ratio4.51
Debt / Equity0.01
Debt / FCF0.1x
YoY FCF Growth+17.5%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateJan 31, 2025
GradeA
Data SourceYahoo Finance