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Avient cash flow, quarter by quarter

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

Avient: free cash flow by quarterAvient: free cash flow by quarter$81.5MQ4 2024−$63.6MQ1 2025$85.8MQ2 2025$47.4MQ3 2025$125MQ4 2025−$53.5MQ1 2026$71.5MQ2 2026$95.6MQ3 2026
Operating cash flow less capital spending.
Avient: operating cash flow against capital spendingAvient: operating cash flow against capital spendingOperating cash flowCapital spending$123M$41.1MQ4 2024−$51.1M$12.5MQ1 2025$113M$27.0MQ2 2025$72.1M$24.7MQ3 2025$168M$42.4MQ4 2025−$34.5M$19.0MQ1 2026$93.8M$22.3MQ2 2026$121M$25.1MQ3 2026
Latest (Q3 2026): Operating cash flow $121M, Capital spending $25.1M.

Capital allocation, year by year

Avient: where the cash came from (up) and went (down), by fiscal yearAvient: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $234MFY2021: Net borrowing −$18.5MFY2021: Capital spending −$101MFY2021: Acquisitions −$47.6MFY2021: Buybacks −$4.2MFY2021: Dividends −$77.7M$234MFY2021FY2022: Operating cash flow $398MFY2022: Net borrowing $343MFY2022: Asset sales $928MFY2022: Capital spending −$106MFY2022: Acquisitions −$1.4BFY2022: Buybacks −$36.4MFY2022: Dividends −$86.8M$1.7BFY2022FY2023: Operating cash flow $202MFY2023: Net borrowing −$106MFY2023: Asset sales $7.3MFY2023: Capital spending −$119MFY2023: Dividends −$90.2M$209MFY2023FY2024: Operating cash flow $257MFY2024: Net borrowing −$10.9MFY2024: Capital spending −$122MFY2024: Dividends −$94.0M$257MFY2024FY2025: Operating cash flow $302MFY2025: Net borrowing −$150MFY2025: Capital spending −$107MFY2025: Dividends −$98.8M$302MFY2025
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).

Avient: debt maturities by year (FY2025)Avient: debt maturities by year (FY2025)$500KYear 1$400KYear 2$400KYear 3$571MYear 4$726MYear 5$651MAfter year 5
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

Avient: sources (+) and uses (−) of cash, Q3 2026Avient: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$121MNet borrowing (+) / repaid (−)−$50.2MDividends−$25.3MCapital spending−$25.1MCash drawn (+) / kept (−)−$20.1M
Avient: sources (+) and uses (−) of cash, TTM to Q3 2026Avient: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$348MNet borrowing (+) / repaid (−)−$150MCapital spending−$109MDividends−$100MOther investing$9.6MNot reconciled$5.4MOther financing−$3.2MCash drawn (+) / kept (−)−$100K

From profit to cash

Avient: net income to operating cash flow, Q3 2026Avient: net income to operating cash flow, Q3 2026Net income$43.5MDepreciation & amortization$47.2MStock-based pay$2.5MReceivables$32.0MPayables−$34.5MOperating cash flow$121M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202655666853
Q2 202653626748
Q1 202650596544
Q4 202556667052
Q3 202557646853
Q2 202553596745
Q1 202548576739
Q4 202453688042

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet 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.

Avient: every quarter, Q/Q and Y/Y → Open in the app

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.