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Spectrum Brands Holdings cash flow, quarter by quarter

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

Free cash flow$73.5M in Q3 FY26 · $292M over twelve months

Operating cash flow$83.3M
Capital spending−$9.8M
Free cash flow+$73.5M
Cash conversion cycle102 days

Analysis

In Q3 FY26, Spectrum Brands Holdings generated $83.3M of operating cash flow and spent $9.8M on capital projects, leaving free cash flow of $73.5M.

Over the twelve months to Jun 28, 2026, operating cash flow was $332M; the largest uses were buybacks ($97.4M), dividends ($43.9M), capital spending ($40.4M); besides operations, cash came from other investing ($700K); the cash balance rose by $137M.

Operating cash flow was $83.3M against net income of −$21.5M. The largest differences: impairments +$104M, depreciation & amortization +$24.8M, deferred taxes +$18.8M.

Its cash conversion cycle was 102 days (receivables 69 + inventory 117 − payables 84).

Free cash flow

Spectrum Brands Holdings: free cash flow by quarterSpectrum Brands Holdings: free cash flow by quarter$67.7MQ4 FY24−$78.3MQ1 FY25$13.9MQ2 FY25$71.8MQ3 FY25$158MQ4 FY25$59.3MQ1 FY26$900KQ2 FY26$73.5MQ3 FY26
Operating cash flow less capital spending.
Spectrum Brands Holdings: operating cash flow against capital spendingSpectrum Brands Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$80.7M$13.0MQ4 FY24−$72.4M$5.9MQ1 FY25$23.1M$9.2MQ2 FY25$81.8M$10.0MQ3 FY25$171M$13.2MQ4 FY25$67.4M$8.1MQ1 FY26$10.2M$9.3MQ2 FY26$83.3M$9.8MQ3 FY26
Latest (Q3 FY26): Operating cash flow $83.3M, Capital spending $9.8M.

Capital allocation, year by year

Spectrum Brands Holdings: where the cash came from (up) and went (down), by fiscal yearSpectrum Brands Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY21: Operating cash flow $288MFY21: Net borrowing −$12.0MFY21: Shares issued $3.4MFY21: Asset sales $100KFY21: Capital spending −$43.6MFY21: Acquisitions −$430MFY21: Buybacks −$126MFY21: Dividends −$71.5M$292MFY21FY22: Operating cash flow −$53.8MFY22: Net borrowing $718MFY22: Asset sales $200KFY22: Capital spending −$64.0MFY22: Acquisitions −$272MFY22: Buybacks −$134MFY22: Dividends −$68.6M$719MFY22FY23: Operating cash flow −$410MFY23: Net borrowing −$1.7BFY23: Asset sales $4.3BFY23: Capital spending −$59.0MFY23: Buybacks −$34.7MFY23: Dividends −$66.5M$4.3BFY23FY24: Operating cash flow $163MFY24: Net borrowing −$1.0BFY24: Asset sales −$26.9MFY24: Capital spending −$44.0MFY24: Buybacks −$483MFY24: Dividends −$50.6M$163MFY24FY25: Operating cash flow $204MFY25: Net borrowing −$21.6MFY25: Asset sales $700KFY25: Capital spending −$38.3MFY25: Buybacks −$326MFY25: Dividends −$48.2M$204MFY25
Over these 5 years operating cash flow totalled $191M; the largest uses were net borrowing ($2.7B) and buybacks ($1.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$259M
Debt$496M
Net debt$237M
Due within a year$12.2M

Spectrum Brands Holdings funds itself: free cash flow was $292M over the last twelve months, and $259M of cash and investments stands against $496M of debt ($12.2M due within a year, 21.2× covered by cash).

Spectrum Brands Holdings: debt maturities by year (FY25)Spectrum Brands Holdings: debt maturities by year (FY25)$350MYear 4$18.1MYear 5$128MAfter year 5
Principal due in each year as disclosed in the annual report, against $259M of cash and investments now.

Where the cash came from and went

Spectrum Brands Holdings: sources (+) and uses (−) of cash, Q3 FY26Spectrum Brands Holdings: sources (+) and uses (−) of cash, Q3 FY26Cash drawn (+) / kept (−)−$134MOperating cash flow$83.3MOther financing$56.3MNet borrowing (+) / repaid (−)$30.6MBuybacks−$15.9MDividends−$10.8MCapital spending−$9.8MExchange rates$100K
Spectrum Brands Holdings: sources (+) and uses (−) of cash, TTM to Q3 FY26Spectrum Brands Holdings: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$332MCash drawn (+) / kept (−)−$137MBuybacks−$97.4MDividends−$43.9MCapital spending−$40.4MNet borrowing (+) / repaid (−)−$11.8MExchange rates−$1.4MOther financing−$800KOther investing$700KPartners−$100K

From profit to cash

Spectrum Brands Holdings: net income to operating cash flow, Q3 FY26Spectrum Brands Holdings: net income to operating cash flow, Q3 FY26Net income−$21.5MDepreciation & amortization$24.8MStock-based pay$6.0MDeferred taxes$18.8MImpairments$104MOperating cash flow$83.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY266911784102
Q2 FY2669977196
Q1 FY2668926397
Q4 FY25719361104
Q3 FY257711073114
Q2 FY258111378116
Q1 FY25809977102
Q4 FY2475857387

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$83.3M−$9.8M−$15.9M−$10.8M$30.6M−$134M$73.5M
Q2 FY26$10.2M−$9.3M−$6.8M−$10.9M−$3.2M$1.5M$900K
Q1 FY26$67.4M−$8.1M−$35.5M−$10.9M−$3.0M−$2.9M$59.3M
Q4 FY25$171M−$13.2M−$39.2M−$11.3M−$106M−$1.7M$158M
Q3 FY25$81.8M−$10.0M−$54.4M−$11.6M$16.9M−$27.3M$71.8M
Q2 FY25$23.1M−$9.2M−$160M−$12.1M−$2.5M$83.8M$13.9M
Q1 FY25−$72.4M−$5.9M−$72.9M−$13.2M−$2.6M$188M−$78.3M
Q4 FY24$80.7M−$13.0M—−$11.8M−$2.6M−$213M$67.7M

Spectrum Brands Holdings: income statement and cash flow

Spectrum Brands Holdings, Q3 FY26: revenue $753M (+8% year over year), operating margin 2.1%. The chart follows the revenue to costs, profit and cash.

Spectrum Brands Holdings: 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.