ESCO Technologies (ESE) Cash Flow: Operating & Free Cash Flow

ESCO Technologies 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 ESCO Technologies Inc. (ESE) - 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	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	299.22	101.88	92.55	82.32	63.50	99.41	81.04	92.14	53.70
Depreciation & Amortization	75.02	52.16	47.71	48.34	42.05	41.34	36.00	33.69	32.23
Deferred Income Tax	-10.98	-8.39	-5.46	8.95	-3.04	-2.79	0.06	-21.03	1.36
Stock Based Compensation	10.67	8.60	8.91	7.32	6.91	5.55	5.09	5.03	5.44
Change in Working Capital	9.38	-33.41	-56.12	-11.65	15.67	26.59	-6.65	-9.55	-17.89
Change in Accounts Receivable	12.26	-31.62	-31.44	-30.10	20.24	14.63	-65.90	-6.09	-42.13
Change in Inventory	-5.14	-24.37	-16.31	-13.79	0.61	-10.34	7.11	-9.44	3.96
Change in Accounts Payable	-2.19	11.49	5.11	21.99	-0.69	-13.28	10.72	7.93	8.74
Change in Other Working Capital	9.38	11.09	-6.86	-11.65	15.67	35.57	41.43	-1.96	11.54
Other Operating Activities	-193.90	6.71	-6.86	8.95	-4.99	-87.82	-10.40	-7.01	-7.51
Net Cash from Operating Activities	241.94	127.54	76.89	135.28	123.14	82.28	105.14	93.26	67.34
Investing Activities
Capital Expenditures	-36.32	-40.18	-29.93	-32.10	-26.71	-41.13	-32.60	-24.82	-38.73
Acquisitions	-472.01	-56.38	-17.69	-10.91	-168.90	0.00	-95.84	-9.81	-198.63
Sales/Maturities of Investments	-15.84	0.00	0.00	-12.91	-8.78	0.00	0.00	0.00	0.00
Other Investing Activities	268.38	-8.08	-4.84	0.00	1.95	182.08	3.30	-6.98	3.49
Net Cash from Investing Activities	-255.79	-104.64	-52.47	-55.92	-202.44	140.95	-125.15	-41.61	-233.87
Financing Activities
Debt Repayment	-597.00	20.00	-154.00	-101.00	-124.37	-222.63	65.00	-55.00	165.00
Common Stock Repurchased	0.00	-8.00	-12.40	-19.88	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-8.26	-8.25	-8.25	-8.27	-8.34	-8.32	-8.30	-8.28	-8.26
Other Financing Activities	-6.20	-4.53	-6.68	-2.98	-1.82	-5.27	-3.18	-5.00	0.02
Net Cash from Financing Activities	49.54	-0.77	-78.33	-32.12	81.47	-236.22	53.52	-66.36	156.76
Summary
Effect of Forex Changes on Cash	-0.30	1.97	-1.95	-5.74	1.50	3.74	-2.18	-0.34	1.46
Net Change in Cash	35.39	24.10	-55.86	41.49	3.67	-9.25	31.33	-15.04	-8.31
Cash at Beginning of Period	65.96	41.87	97.72	56.23	52.56	61.81	30.48	45.52	53.83
Cash at End of Period	101.35	65.96	41.87	97.72	56.23	52.56	61.81	30.48	45.52
Free Cash Flow	205.62	87.36	46.96	103.17	96.43	41.15	72.53	68.44	28.61
Supplemental Disclosures
Interest Paid	17.42	14.54	8.66	2.84	0.59	-	-	-	-
Income Taxes Paid	50.05	38.01	30.24	9.86	26.05	-	-	-	-

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

Frequently Asked Questions About ESCO Technologies Cash Flow

What is ESCO Technologies's free cash flow?

ESCO Technologies generated free cash flow of $205.62M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $241.94M minus $36.32M of capital expenditures. That was up 135.4% from $87.36M a year earlier. Free cash flow equaled 18.8% of revenue.

How much does ESCO Technologies spend on capital expenditures?

ESCO Technologies spent $36.32M on capital expenditures in fiscal 2025, compared with $40.18M a year earlier. That equals 15.0% of operating cash flow.

Does ESCO Technologies pay dividends or buy back shares?

Yes. In fiscal 2025 ESCO Technologies returned $8.26M in dividends 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