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
Operating cash flow less capital spending.Latest (Q3 FY26): Operating cash flow $83.3M, Capital spending $9.8M.
Capital allocation, year by year
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).
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
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 FY26
69
117
84
102
Q2 FY26
69
97
71
96
Q1 FY26
68
92
63
97
Q4 FY25
71
93
61
104
Q3 FY25
77
110
73
114
Q2 FY25
81
113
78
116
Q1 FY25
80
99
77
102
Q4 FY24
75
85
73
87
Every quarter
Quarter
Operating cash flow
Capital spending
Buybacks
Dividends
Net 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.
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.