National Rural Utilities Cooperative Finance annual free cash flow
2018
2019
2020
2021
2022
2023
2024
2025
2026
National Rural Utilities Cooperative Finance Free Cash Flow (FCF) History (NRUC)
National Rural Utilities Cooperative Finance reported $308.8M in free cash flow for fiscal 2026, an increase of 52.22% from the previous fiscal year, with a free cash flow margin of 74.62%.
View full National Rural Utilities Cooperative Finance company overviewNational Rural Utilities Cooperative Finance free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-05-31 | $308.8M | $105.9M | +52.22% | +74.62% |
| 2025 | 2025-05-31 | $202.8M | −$111.6M | −35.50% | +71.33% |
| 2024 | 2024-05-31 | $314.5M | −$15.6M | −4.72% | +46.25% |
| 2023 | 2023-05-31 | $330.1M | $97.0M | +41.61% | +53.73% |
| 2022 | 2022-05-31 | $233.1M | $3.0M | +1.29% | +26.51% |
| 2021 | 2021-05-31 | $230.1M | $20.4M | +9.75% | +24.45% |
| 2020 | 2020-05-31 | $209.7M | $27.3M | +14.99% | — |
| 2019 | 2019-05-31 | $182.3M | $42.3M | +30.19% | — |
| 2018 | 2018-05-31 | $140.0M | — | — | +26.23% |
National Rural Utilities Cooperative Finance quarterly free cash flow
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $83.4M | $127.7M | — | +32.87% |
| Q3 2026 | 2026-02-28 | $105.1M | −$43.9M | −29.45% | +195.20% |
| Q2 2026 | 2025-11-30 | $38.3M | −$24.4M | −38.95% | +64.88% |
| Q1 2026 | 2025-08-31 | $82.0M | $46.6M | +131.36% | +173.37% |
| Q4 2025 | 2025-05-31 | −$44.3M | −$95.8M | — | −38.35% |
| Q3 2025 | 2025-02-28 | $149.0M | $29.6M | +24.78% | +130.99% |
| Q2 2025 | 2024-11-30 | $62.7M | $34.3M | +120.29% | +34.47% |
| Q1 2025 | 2024-08-31 | $35.4M | −$79.7M | −69.22% | — |
| Q4 2024 | 2024-05-31 | $51.5M | $17.1M | +49.94% | +28.32% |
| Q3 2024 | 2024-02-29 | $119.4M | $3.6M | +3.08% | +215.10% |
| Q2 2024 | 2023-11-30 | $28.5M | $3.3M | +13.08% | +15.77% |
| Q1 2024 | 2023-08-31 | $115.1M | −$25.9M | −18.34% | +43.94% |
| Q4 2023 | 2023-05-31 | $34.3M | $38.8M | — | +218.34% |
| Q3 2023 | 2023-02-28 | $115.8M | −$12.4M | −9.65% | +65.14% |
| Q2 2023 | 2022-11-30 | $25.2M | $34.0M | — | +10.99% |
| Q1 2023 | 2022-08-31 | $141.0M | $22.8M | +19.30% | +73.63% |
| Q4 2022 | 2022-05-31 | −$4.5M | −$18.9M | — | −0.88% |
| Q3 2022 | 2022-02-28 | $128.2M | $19.7M | +18.14% | +46.88% |
| Q2 2022 | 2021-11-30 | −$8.8M | −$12.8M | — | −5.65% |
| Q1 2022 | 2021-08-31 | $118.2M | $15.0M | +14.53% | — |
| Q4 2021 | 2021-05-31 | $14.5M | −$3.4M | −19.05% | +9.73% |
| Q3 2021 | 2021-02-28 | $108.5M | $8.1M | +8.01% | +24.87% |
| Q2 2021 | 2020-11-30 | $3.9M | $9.3M | — | +2.09% |
| Q1 2021 | 2020-08-31 | $103.2M | $6.5M | +6.69% | +61.40% |
| Q4 2020 | 2020-05-31 | $17.9M | — | — | — |
| Q3 2020 | 2020-02-29 | $100.5M | — | — | — |
| Q2 2020 | 2019-11-30 | −$5.4M | — | — | −2.02% |
| Q1 2020 | 2019-08-31 | $96.7M | — | — | — |
National Rural Utilities Cooperative Finance free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $230.1M to $308.8M, a compound annual growth rate of 6.06%. National Rural Utilities Cooperative Finance's latest reported quarter, Q4 2026, generated $83.4M in free cash flow, an increase of $127.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review National Rural Utilities Cooperative Finance filings at SEC.gov ↗