Crawford & Company (CRD.A) Cash Flow: Operating & Free Cash Flow

Crawford & Company (CRD.A) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Crawford & Company generated $101.85M of operating cash flow and spent $38.55M on capital expenditures. That left free cash flow of $63.30M, up 39.4% from $45.41M a year earlier, or 4.8% of revenue. It returned $24.84M to shareholders through $14.33M in dividends and $10.51M in share buybacks.

Crawford & Company Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Crawford & Company (CRD.A) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	19.68	26.53	30.61	-18.53	30.55	27.08	9.53	25.59	27.22
Depreciation & Amortization	40.04	36.20	35.74	36.10	40.18	40.11	40.51	44.08	41.66
Deferred Income Tax	-3.33	-2.53	-12.28	7.40	-2.99	-9.01	3.04	7.95	-2.36
Stock Based Compensation	5.19	5.77	5.60	4.92	7.59	4.38	4.11	6.20	6.66
Change in Working Capital	37.01	-13.34	39.79	-40.49	-21.10	26.70	0.54	-52.72	-52.03
Change in Accounts Receivable	31.72	-24.43	23.54	-34.86	-15.45	5.06	11.22	7.84	-14.84
Change in Inventory	0.00	0.00	0.00	0.00	0.00	-18.37	0.00	-48.91	-18.51
Change in Accounts Payable	-9.92	6.92	-2.82	-5.99	13.47	31.78	-6.95	-8.95	-14.68
Change in Other Working Capital	0.54	7.76	19.07	8.19	-15.45	8.24	-3.73	-2.70	-3.99
Other Operating Activities	0.54	-3.53	4.32	45.64	-2.89	3.91	17.48	21.33	19.60
Net Cash from Operating Activities	101.85	51.62	103.79	27.63	54.32	93.18	75.22	52.42	40.76
Investing Activities
Capital Expenditures	-38.55	-6.21	-36.60	-6.84	-9.23	-37.38	-21.12	-30.02	-44.91
Acquisitions	0.00	0.00	0.00	-26.31	-46.40	9.99	-2.30	36.69	-36.03
Sales/Maturities of Investments	0.30	-35.44	0.00	-27.76	6.53	0.00	0.00	0.00	0.00
Other Investing Activities	-36.21	-35.44	-31.71	3.03	6.53	0.36	-12.44	-0.22	-0.93
Net Cash from Investing Activities	-36.21	-41.65	-36.60	-57.88	-70.83	-27.04	-23.42	6.45	-81.87
Financing Activities
Debt Repayment	-84.54	-0.24	-31.55	-0.06	-0.43	-61.60	-14.84	-34.48	-1.23
Common Stock Issued	2.04	1.89	0.00	0.82	1.65	0.00	0.00	1.39	1.15
Common Stock Repurchased	-10.51	-5.93	-2.73	-27.45	-20.55	-2.67	-26.21	-11.52	-7.42
Dividends Paid	-14.33	-13.76	-12.70	-11.84	-12.66	-9.65	-13.17	-13.53	-13.70
Other Financing Activities	-3.47	-3.45	-7.70	-2.98	-4.36	-0.46	0.82	0.79	32.70
Net Cash from Financing Activities	-57.62	-12.86	-54.68	25.94	24.66	-74.37	-53.41	-58.74	10.34
Summary
Effect of Forex Changes on Cash	0.20	-0.33	0.39	-2.74	0.88	1.08	0.29	-1.02	3.21
Net Change in Cash	8.22	-3.22	12.90	-7.04	9.03	-7.15	-1.32	-0.89	-27.56
Cash at Beginning of Period	56.33	59.55	46.65	53.69	44.66	51.80	53.12	54.01	81.57
Cash at End of Period	64.55	56.33	59.55	46.65	53.69	44.66	51.80	53.12	54.01
Free Cash Flow	63.30	45.41	67.19	20.80	45.10	55.80	54.09	22.40	-4.15
Supplemental Disclosures
Interest Paid	-	-	-	-	-	7.15	-	-	-
Income Taxes Paid	-	19.99	16.05	20.87	24.94	12.22	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Crawford & Company Cash Flow

What is Crawford & Company's free cash flow?

Crawford & Company generated free cash flow of $63.30M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $101.85M minus $38.55M of capital expenditures. That was up 39.4% from $45.41M a year earlier. Free cash flow equaled 4.8% of revenue.

How much does Crawford & Company spend on capital expenditures?

Crawford & Company spent $38.55M on capital expenditures in fiscal 2025, compared with $6.21M a year earlier. That equals 37.8% of operating cash flow.

Does Crawford & Company pay dividends or buy back shares?

Yes. In fiscal 2025 Crawford & Company returned $14.33M in dividends and $10.51M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition