Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow$95.6M in Q3 2026 · $239M over twelve months
Operating cash flow$121M
Capital spending−$25.1M
Free cash flow+$95.6M
Cash / net income2.8×
Cash conversion cycle53 days
Analysis
In Q3 2026, Avient generated $121M of operating cash flow and spent $25.1M on capital projects, leaving free cash flow of $95.6M. That is $48.2M more than in Q3 2025 ($47.4M).
Over the twelve months to Sep 30, 2026, operating cash flow was $348M; the largest uses were net borrowing (+) / repaid (−) ($150M), capital spending ($109M), dividends ($100M); besides operations, cash came from other investing ($9.6M); the cash balance rose by $100K.
Operating cash flow was $121M against net income of $43.5M — 2.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$47.2M, payables −$34.5M, receivables +$32.0M.
Its cash conversion cycle was 53 days (receivables 55 + inventory 66 − payables 68).
Free cash flow
Operating cash flow less capital spending.Latest (Q3 2026): Operating cash flow $121M, Capital spending $25.1M.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $1.4B; the largest uses were acquisitions ($1.5B) and capital spending ($554M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$446M
Debt$1.8B
Net debt$1.4B
Due within a year$500K
Avient funds itself: free cash flow was $239M over the last twelve months, and $446M of cash and investments stands against $1.8B of debt ($500K due within a year, 891.4× covered by cash).
Principal due in each year as disclosed in the annual report, against $446M of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q3 2026
55
66
68
53
Q2 2026
53
62
67
48
Q1 2026
50
59
65
44
Q4 2025
56
66
70
52
Q3 2025
57
64
68
53
Q2 2025
53
59
67
45
Q1 2025
48
57
67
39
Q4 2024
53
68
80
42
Every quarter
Quarter
Operating cash flow
Capital spending
Dividends
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q3 2026
$121M
−$25.1M
−$25.3M
−$50.2M
−$20.1M
$95.6M
Q2 2026
$93.8M
−$22.3M
−$25.2M
—
$2.0M
$71.5M
Q1 2026
−$34.5M
−$19.0M
−$25.2M
—
$82.9M
−$53.5M
Q4 2025
$168M
−$42.4M
−$24.7M
−$50.1M
−$64.9M
$125M
Q3 2025
$72.1M
−$24.7M
−$24.7M
−$50.0M
$28.9M
$47.4M
Q2 2025
$113M
−$27.0M
−$24.7M
−$50.2M
−$18.5M
$85.8M
Q1 2025
−$51.1M
−$12.5M
−$24.7M
—
$88.5M
−$63.6M
Q4 2024
$123M
−$41.1M
−$23.5M
−$1.8M
−$38.8M
$81.5M
Avient: income statement and cash flow
Avient, Q3 2026: revenue $891M (+10% year over year), operating margin 9.3%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.