MACOM Technology Solutions Holdings (MTSI) Cash Flow: Operating & Free Cash Flow

MACOM Technology Solutions Holdings (MTSI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Oct 3, 2025), MACOM Technology Solutions Holdings generated $235.37M of operating cash flow and spent $71.30M on capital expenditures. That left free cash flow of $164.07M, up 19.7% from $137.01M a year earlier, or 17.0% of revenue. It repurchased $43.13M of its own shares.

MACOM Technology Solutions Holdings 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 MACOM Technology Solutions Holdings, Inc. (MTSI) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Oct 2021	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	-54.21	-54.21	76.86	91.58	439.96	37.97	37.97	-46.08	-386.20	-139.98	-169.49
Depreciation & Amortization	63.30	63.30	67.25	52.15	57.23	69.95	69.95	78.83	104.42	112.38	93.00
Deferred Income Tax	-	2.64	4.95	19.80	-200.43	-	2.52	3.34	-38.89	-16.53	92.17
Stock Based Compensation	79.36	86.14	45.64	38.10	41.19	35.00	35.00	35.67	23.79	31.94	36.34
Change in Working Capital	-37.79	-37.79	-31.03	-27.77	-46.69	-25.93	-25.93	75.52	33.04	22.60	-22.83
Change in Accounts Receivable	-41.98	-41.98	-16.81	12.25	-16.98	-38.69	-38.69	23.91	27.59	38.68	-15.75
Change in Inventory	-26.56	-26.56	-30.23	-10.57	-32.26	8.89	8.89	16.30	14.96	-2.17	-4.09
Change in Accounts Payable	22.21	22.21	18.23	-21.32	2.38	5.81	5.81	-1.60	-12.22	-2.61	3.45
Change in Other Working Capital	-6.76	8.54	-1.03	-8.13	0.17	-0.56	-1.94	36.92	2.71	-11.30	-6.44
Other Operating Activities	184.71	175.30	-1.03	-6.95	-114.26	31.41	28.89	24.12	284.54	25.88	31.87
Net Cash from Operating Activities	235.37	235.37	162.64	166.92	176.98	148.41	148.41	171.40	20.70	36.29	61.05
Investing Activities
Capital Expenditures	-71.30	-82.17	-25.63	-24.70	-26.51	-17.95	-17.95	-17.57	-37.96	-53.04	-32.80
Acquisitions	-12.68	-12.68	-72.62	-87.69	127.75	-	194.22	11.00	5.17	-1.00	-270.01
Purchases of Investments	-592.37	-592.37	-426.56	140.73	-284.12	-194.22	-194.22	-101.04	-1.09	-19.09	-60.49
Sales/Maturities of Investments	360.16	360.16	344.81	515.82	244.64	209.31	15.09	183.87	173.02	100.38	44.56
Other Investing Activities	-29.95	-12.07	-4.33	-507.82	-244.62	-	0.28	-183.46	-173.02	-94.36	-18.82
Net Cash from Investing Activities	-328.26	-328.26	-181.13	36.34	-182.86	-2.58	-2.58	-107.20	-33.89	-67.12	-337.57
Financing Activities
Debt Repayment	-1.27	90.95	-1.43	-121.98	-0.96	-545.32	-96.69	-8.59	-8.31	-3.60	90.67
Common Stock Issued	10.29	10.29	0.00	0.00	0.00	6.78	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-43.14	-43.14	-14.22	-32.62	-36.00	-23.44	-23.44	-6.71	-4.14	-6.83	-18.53
Other Financing Activities	-23.17	0.00	6.59	5.57	8.05	-5.75	1.03	4.59	6.62	5.98	1.51
Net Cash from Financing Activities	58.10	58.10	-9.06	-149.02	-28.91	-119.10	-119.10	-10.72	-5.83	-4.45	73.65
Summary
Effect of Forex Changes on Cash	0.13	0.13	0.41	-0.24	-1.80	0.36	0.36	0.44	-0.14	-0.15	-0.01
Net Change in Cash	-34.66	-34.66	-27.15	54.00	-36.59	27.10	27.10	53.92	-19.16	-35.43	-202.87
Cash at Beginning of Period	-	146.81	173.95	119.95	156.54	-	129.44	75.52	94.68	130.10	332.98
Cash at End of Period	-	112.14	146.81	173.95	119.95	-	156.54	129.44	75.52	94.68	130.10
Free Cash Flow	164.07	153.20	137.01	142.22	150.47	130.46	130.46	153.82	-17.26	-16.75	28.25
Supplemental Disclosures
Interest Paid	3.22	-	3.99	10.78	6.74	11.84	-	-	-	-	-
Income Taxes Paid	16.19	-	6.00	2.87	2.19	1.62	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About MACOM Technology Solutions Holdings Cash Flow

What is MACOM Technology Solutions Holdings's free cash flow?

MACOM Technology Solutions Holdings generated free cash flow of $164.07M in fiscal 2025 (fiscal year ended Oct 3, 2025), operating cash flow of $235.37M minus $71.30M of capital expenditures. That was up 19.7% from $137.01M a year earlier. Free cash flow equaled 17.0% of revenue.

How much does MACOM Technology Solutions Holdings spend on capital expenditures?

MACOM Technology Solutions Holdings spent $71.30M on capital expenditures in fiscal 2025, compared with $25.63M a year earlier. That equals 30.3% of operating cash flow.

Does MACOM Technology Solutions Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 MACOM Technology Solutions Holdings returned $43.13M 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