Filing Flows

Filing Flows › Companies › Embecta › Cash flow

Embecta cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$40.7M in Q3 FY26 · $165M over twelve months

Operating cash flow$41.8M
Capital spending−$1.1M
Free cash flow+$40.7M
Cash / net income2.0×
Cash conversion cycle146 days

Analysis

In Q3 FY26, Embecta generated $41.8M of operating cash flow and spent $1.1M on capital projects, leaving free cash flow of $40.7M. That is $40.1M less than in Q3 FY25 ($80.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was $174M; the largest uses were net borrowing (+) / repaid (−) ($151M), other investing ($118M), dividends ($27.2M); besides operations, cash came from other financing ($121M); the cash balance fell by $15.4M.

Operating cash flow was $41.8M against net income of $21.1M — 2.0× profit, cash ran ahead of reported earnings. The largest differences: receivables −$20.1M, payables +$16.1M, prepaid and other assets −$10.8M.

Its cash conversion cycle was 146 days (receivables 55 + inventory 156 − payables 65).

Free cash flow

Embecta: free cash flow by quarterEmbecta: free cash flow by quarter$26.6MQ4 FY24−$6.8MQ1 FY25$31.7MQ2 FY25$80.8MQ3 FY25$76.7MQ4 FY25$16.6MQ1 FY26$30.6MQ2 FY26$40.7MQ3 FY26
Operating cash flow less capital spending.
Embecta: operating cash flow against capital spendingEmbecta: operating cash flow against capital spendingOperating cash flowCapital spending$26.6M$0Q4 FY24−$5.3M$1.5MQ1 FY25$31.8M$100KQ2 FY25$81.2M$400KQ3 FY25$84.0M$7.3MQ4 FY25$17.2M$600KQ1 FY26$31.1M$500KQ2 FY26$41.8M$1.1MQ3 FY26
Latest (Q3 FY26): Operating cash flow $41.8M, Capital spending $1.1M.

Capital allocation, year by year

Embecta: where the cash came from (up) and went (down), by fiscal yearEmbecta: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingDividendsFY21: Operating cash flow $456MFY21: Capital spending −$36.8M$456MFY21FY22: Operating cash flow $412MFY22: Net borrowing $1.4BFY22: Capital spending −$23.6MFY22: Dividends −$8.6M$1.9BFY22FY23: Operating cash flow $67.7MFY23: Net borrowing −$10.7MFY23: Capital spending −$26.5MFY23: Dividends −$34.4M$67.7MFY23FY24: Operating cash flow $35.7MFY24: Net borrowing −$35.9MFY24: Capital spending −$15.8MFY24: Dividends −$34.5M$35.7MFY24FY25: Operating cash flow $192MFY25: Net borrowing −$186MFY25: Capital spending −$9.3MFY25: Dividends −$35.0M$192MFY25
Over these 5 years operating cash flow totalled $1.2B; the largest uses were net borrowing ($233M) and dividends ($112M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$215M
Debt$1.4B
Net debt$1.2B
Due within a year$9.5M

Embecta funds itself: free cash flow was $165M over the last twelve months, and $215M of cash and investments stands against $1.4B of debt ($9.5M due within a year, 22.6× covered by cash).

Embecta: debt maturities by year (FY25)Embecta: debt maturities by year (FY25)$9.5MYear 1$9.5MYear 2$9.5MYear 3$688MYear 4$700MYear 5
Principal due in each year as disclosed in the annual report, against $215M of cash and investments now.

Where the cash came from and went

Embecta: sources (+) and uses (−) of cash, Q3 FY26Embecta: sources (+) and uses (−) of cash, Q3 FY26Other investing−$128MOther financing$116MOperating cash flow$41.8MCash drawn (+) / kept (−)−$24.8MNet borrowing (+) / repaid (−)−$2.8MCapital spending−$1.1MDividends−$600KExchange rates$100K
Embecta: sources (+) and uses (−) of cash, TTM to Q3 FY26Embecta: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$174MNet borrowing (+) / repaid (−)−$151MOther financing$121MOther investing−$118MDividends−$27.2MCash drawn (+) / kept (−)$15.4MCapital spending−$9.5MTaxes on employees’ shares−$4.9MExchange rates$600K

From profit to cash

Embecta: net income to operating cash flow, Q3 FY26Embecta: net income to operating cash flow, Q3 FY26Net income$21.1MDepreciation & amortization$10.6MStock-based pay$4.2MDeferred taxes$2.3MReceivables−$20.1MInventory$10.1MPayables$16.1MPrepaid and other assets−$10.8MIncome taxes payable$900KOperating cash flow$41.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY265515665146
Q2 FY266217973169
Q1 FY265416768153
Q4 FY255716159159
Q3 FY255716656167
Q2 FY256416062162
Q1 FY256615072143
Q4 FY245914665140

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$41.8M−$1.1M−$600K−$2.8M−$24.8M$40.7M
Q2 FY26$31.1M−$500K−$8.9M−$37.9M$11.0M$30.6M
Q1 FY26$17.2M−$600K−$8.9M−$37.9M$24.2M$16.6M
Q4 FY25$84.0M−$7.3M−$8.8M−$72.8M$5.0M$76.7M
Q3 FY25$81.2M−$400K−$8.7M−$52.8M−$21.3M$80.8M
Q2 FY25$31.8M−$100K−$8.7M−$27.7M$4.4M$31.7M
Q1 FY25−$5.3M−$1.5M−$8.8M−$32.7M$57.5M−$6.8M
Q4 FY24$26.6M—−$8.7M−$27.7M$7.6M$26.6M

Embecta: income statement and cash flow

Embecta, Q3 FY26: revenue $272M (-8% year over year), operating margin 17.9%. The chart follows the revenue to costs, profit and cash.

Embecta: 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.