The Hackett Group (HCKT) Cash Flow: Operating & Free Cash Flow

The Hackett Group (HCKT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), The Hackett Group generated $40.30M of operating cash flow and spent $7.87M on capital expenditures. That left free cash flow of $32.44M, down 25.7% from $43.65M a year earlier, or 10.6% of revenue. It returned $82.05M to shareholders through $12.90M in dividends and $69.15M in share buybacks.

The Hackett Group 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 The Hackett Group, Inc. (HCKT) - 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	12.94	29.63	34.15	40.80	41.55	5.65	23.28	27.36	25.56
Depreciation & Amortization	5.18	3.92	3.42	3.44	4.38	4.48	4.24	4.83	4.53
Deferred Income Tax	2.31	-0.35	1.37	-0.48	1.47	-1.44	1.00	0.22	-1.78
Stock Based Compensation	30.66	19.52	10.72	10.27	10.12	9.74	7.72	9.31	10.32
Change in Working Capital	-11.55	-5.97	-12.76	6.06	-11.45	21.56	3.83	-17.13	-12.87
Change in Accounts Receivable	-2.48	-5.47	-3.83	2.60	-18.24	16.88	4.26	-2.56	-3.06
Change in Inventory	0.00	0.00	-6.56	0.00	0.00	0.00	-4.26	2.56	0.00
Change in Accounts Payable	-3.91	0.34	-1.18	1.06	1.58	-2.40	1.07	-1.01	-1.06
Change in Other Working Capital	0.09	0.08	-1.19	2.39	5.21	7.08	2.77	-16.13	-8.75
Other Operating Activities	0.09	0.08	0.50	-1.18	0.29	4.08	2.29	7.82	0.76
Net Cash from Operating Activities	40.30	47.73	37.40	58.90	46.35	44.06	42.36	32.41	26.51
Investing Activities
Capital Expenditures	-7.87	-4.08	-4.10	-4.66	-3.24	-1.89	-4.57	-9.64	-6.52
Acquisitions	-0.77	-6.54	0.00	0.00	0.00	0.00	-1.01	0.00	-11.01
Other Investing Activities	-0.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-8.63	-10.62	-4.10	-4.66	-3.24	-1.89	-5.58	-9.64	-17.52
Financing Activities
Debt Repayment	-10.00	-20.00	-27.00	60.00	0.00	0.00	-6.50	-12.50	12.00
Common Stock Issued	1.17	1.00	0.94	0.88	0.76	0.75	0.81	0.78	1.21
Common Stock Repurchased	-69.15	-6.42	-0.73	-116.57	-13.04	-2.37	-7.81	-4.79	-15.72
Dividends Paid	-12.90	-12.11	-11.97	-10.44	-12.89	-14.94	-11.20	-10.05	-8.67
Other Financing Activities	-11.89	-4.13	-3.80	-3.61	-21.57	-2.16	0.00	0.00	0.00
Net Cash from Financing Activities	-29.77	-41.66	-42.57	-69.74	-46.74	-18.72	-24.70	-26.56	-11.18
Summary
Effect of Forex Changes on Cash	-0.07	-0.04	-0.03	-0.05	-0.03	0.05	0.06	0.08	0.00
Net Change in Cash	1.83	-4.59	-9.30	-15.54	-3.66	23.50	12.15	-3.70	-2.20
Cash at Beginning of Period	16.37	20.96	30.26	45.79	49.46	25.95	13.81	17.51	19.71
Cash at End of Period	18.20	16.37	20.96	30.26	45.79	49.46	25.95	13.81	17.51
Free Cash Flow	32.44	43.65	33.30	54.25	43.11	42.17	37.79	22.77	19.99
Supplemental Disclosures
Interest Paid	-	1.90	3.47	0.08	0.06	-	-	-	-
Income Taxes Paid	-	11.64	13.26	4.55	9.10	-	-	-	-

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

Frequently Asked Questions About The Hackett Group Cash Flow

What is The Hackett Group's free cash flow?

The Hackett Group generated free cash flow of $32.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $40.30M minus $7.87M of capital expenditures. That was down 25.7% from $43.65M a year earlier. Free cash flow equaled 10.6% of revenue.

How much does The Hackett Group spend on capital expenditures?

The Hackett Group spent $7.87M on capital expenditures in fiscal 2025, compared with $4.08M a year earlier. That equals 19.5% of operating cash flow.

Does The Hackett Group pay dividends or buy back shares?

Yes. In fiscal 2025 The Hackett Group returned $12.90M in dividends and $69.15M 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