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Goodyear Tire & Rubber cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$283M in Q3 2026 · $90.0M over twelve months

Operating cash flow−$144M
Capital spending−$139M
Free cash flow−$283M
Cash conversion cycle59 days

Analysis

In Q3 2026, Goodyear Tire & Rubber generated −$144M of operating cash flow and spent $139M on capital projects, leaving free cash flow of −$283M. That is $102M less than in Q3 2025 (−$181M).

Over the twelve months to Sep 30, 2026, operating cash flow was $748M; the largest uses were capital spending ($658M), net borrowing (+) / repaid (−) ($647M), other financing ($44.0M); besides operations, cash came from asset & business sales ($508M), other investing ($43.0M); the cash balance fell by $61.0M.

Operating cash flow was −$144M against net income of −$239M. The largest differences: receivables −$371M, depreciation & amortization +$257M, inventory +$181M.

Its cash conversion cycle was 59 days (receivables 59 + inventory 92 − payables 93).

Free cash flow

Goodyear Tire & Rubber: free cash flow by quarterGoodyear Tire & Rubber: free cash flow by quarter$1.0BQ4 2024−$797MQ1 2025−$387MQ2 2025−$181MQ3 2025$1.3BQ4 2025−$893MQ1 2026−$69.0MQ2 2026−$283MQ3 2026
Operating cash flow less capital spending.
Goodyear Tire & Rubber: operating cash flow against capital spendingGoodyear Tire & Rubber: operating cash flow against capital spendingOperating cash flowCapital spending$1.3B$276MQ4 2024−$538M$259MQ1 2025−$180M$207MQ2 2025$2.0M$183MQ3 2025$1.5B$177MQ4 2025−$718M$175MQ1 2026$98.0M$167MQ2 2026−$144M$139MQ3 2026
Latest (Q3 2026): Operating cash flow −$144M, Capital spending $139M.

Capital allocation, year by year

Goodyear Tire & Rubber: where the cash came from (up) and went (down), by fiscal yearGoodyear Tire & Rubber: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow $1.1BFY2021: Net borrowing $1.4BFY2021: Shares issued $35.0MFY2021: Asset sales $14.0MFY2021: Capital spending −$981MFY2021: Acquisitions −$1.9B$2.5BFY2021FY2022: Operating cash flow $521MFY2022: Net borrowing $576MFY2022: Shares issued −$5.0MFY2022: Asset sales $52.0MFY2022: Capital spending −$1.1B$1.1BFY2022FY2023: Operating cash flow $1.0BFY2023: Net borrowing −$351MFY2023: Shares issued $1.0MFY2023: Asset sales $16.0MFY2023: Capital spending −$1.1B$1.0BFY2023FY2024: Operating cash flow $698MFY2024: Net borrowing $254MFY2024: Asset sales $115MFY2024: Capital spending −$1.2B$1.1BFY2024FY2025: Operating cash flow $796MFY2025: Net borrowing −$1.8BFY2025: Shares issued −$5.0MFY2025: Asset sales $1.8BFY2025: Capital spending −$826M$2.6BFY2025
Over these 5 years operating cash flow totalled $4.1B; the largest uses were capital spending ($5.1B) and net borrowing ($2.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$812M
Debt$7.1B
Net debt$6.3B
Due within a year$1.2B
Cash runway9 months

Goodyear Tire & Rubber is burning cash: its operations consume cash, a free cash flow of −$1.1B a year at the current rate against $812M of cash and investments: a runway of about 9 months; $1.2B of debt also comes due within a year, which would need refinancing or new money before any new financing.

Goodyear Tire & Rubber: debt maturities by year (FY2025)Goodyear Tire & Rubber: debt maturities by year (FY2025)$1.2BYear 1$1.0BYear 2$802MYear 3$864MYear 4$506MYear 5
Principal due in each year as disclosed in the annual report, against $812M of cash and investments now.

Where the cash came from and went

Goodyear Tire & Rubber: sources (+) and uses (−) of cash, Q3 2026Goodyear Tire & Rubber: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$180MOperating cash flow−$144MCapital spending−$139MCash drawn (+) / kept (−)$96.0MAsset & business sales$35.0MOther financing−$29.0MOther investing$2.0MExchange rates−$1.0M
Goodyear Tire & Rubber: sources (+) and uses (−) of cash, TTM to Q3 2026Goodyear Tire & Rubber: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$748MCapital spending−$658MNet borrowing (+) / repaid (−)−$647MAsset & business sales$508MCash drawn (+) / kept (−)$61.0MOther financing−$44.0MOther investing$43.0MExchange rates−$11.0M

From profit to cash

Goodyear Tire & Rubber: net income to operating cash flow, Q3 2026Goodyear Tire & Rubber: net income to operating cash flow, Q3 2026Net income−$239MDepreciation & amortization$257MStock-based pay$1.0MDeferred taxes−$2.0MGains on disposals−$9.0MReceivables−$371MInventory$181MPayables−$61.0MEmployee-related liabilities$32.0MOther liabilities−$133MOther operating capital$98.0MOperating cash flow−$144M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202659929359
Q2 202657999759
Q1 20265710510855
Q4 202552899348
Q3 202561979662
Q2 2025619810059
Q1 2025579610548
Q4 202455869545

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$144M−$139M$180M—$96.0M−$283M
Q2 2026$98.0M−$167M$222M—−$124M−$69.0M
Q1 2026−$718M−$175M$807M—$69.0M−$893M
Q4 2025$1.5B−$177M−$1.9B−$1.0M$20.0M$1.3B
Q3 2025$2.0M−$183M$209M—−$28.0M−$181M
Q2 2025−$180M−$207M−$310M−$1.0M$76.0M−$387M
Q1 2025−$538M−$259M$198M−$4.0M−$114M−$797M
Q4 2024$1.3B−$276M−$1.1B—$76.0M$1.0B

Goodyear Tire & Rubber: income statement and cash flow

Goodyear Tire & Rubber, Q3 2026: revenue $4.5B (-2% year over year), operating margin -4.6%. The chart follows the revenue to costs, profit and cash.

Goodyear Tire & Rubber: 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.