Fidelity Water Sustainability Fund

FLOWXNASDAQFinancial Services● Active

$19.54

+$0.12(+0.62%)

Market Cap$160510900

P/E Ratio—

52W High$21.73

52W Low$18.67

Avg Volume0

Open$19.54

Beta0.94

Free Cash Flow Financials Revenue

Fidelity Water Sustainability Fund (FLOWX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FLOWX · free cash flow · updated Jun 13, 2026

Core FCF metrics

FLOWX · FCF · TTM · margin & CAGR

Free cash flow was $211.1M for FY2023 (fiscal year ending 2023-12-31), up 76.7% year-over-year The FCF margin was 11.9%. Five-year CAGR stands at +45.9%.

FY2023 Free Cash Flow$211.1M▲ +76.7% YoY

Trailing 12M (TTM)$178.6Mtrailing 4 quarters sum

FCF Margin11.9%$211.1M ÷ revenue

3-Year CAGR+50.3%FY2020 → FY2023

5-Year CAGR+45.9%FY2018 → FY2023

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 13, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FLOWX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$350.3M(139M)$211.1M▲ +76.7%11.9%

FY2022$281.6M(162M)$119.5M▼ 15.7%7.1%

FY2021$256.9M(115M)$141.7M▲ +127.8%9.0%

FY2020$176.2M(114M)$62.2M▼ 57.3%3.2%

FY2019$246.8M(101M)$145.5M▲ +356.1%8.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FLOWX · P/FCF · FCF yield · FCF per share

Fidelity Water Sustainability Fund (FLOWX) trades at a FCF yield of 131.52% and a price-to-free-cash-flow ratio of 0.7x. FCF per share stands at $27.30, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

131.52%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$27.30

TTM FCF ÷ Shares Outstanding

Price / FCF

x0.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-12-31

Cash flow statement summary

FLOWX · cash flow statement · operating / investing / financing

For FY2023, Fidelity Water Sustainability Fund generated $350.3M in operating cash flow and spent 139M in capital expenditures, yielding $211.1M in free cash flow.

Operating Activities

+$350.3M

Cash from core business operations

2023-12-31

Investing Activities

+$341.0M

CapEx, acquisitions & investments

2023-12-31

Financing Activities

−$285.8M

Buybacks, dividends & debt

2023-12-31

FCF FormulaOperating CF ($350.3M) − |CapEx| (139M) = FCF ($211.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FLOWX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Fidelity Water Sustainability FundYOU

FLOWX

$211.1M+76.7%11.9%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Fidelity Water Sustainability Fund (FLOWX) reported free cash flow of $211.1M for FY2023 (fiscal year ending 2023-12-31), up 76.7% year-over-year. The FCF margin was 11.9%.

Based on available data, Fidelity Water Sustainability Fund has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $211.1M in FY2023. The 5-year CAGR stands at +45.9%.

Fidelity Water Sustainability Fund's FCF yield is 131.52% and price-to-FCF ratio is 0.7x for FY2023, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FLOWX free cash flow · 8 questions

Fidelity Water Sustainability Fund free cash flow was $211.1M for FY2023, up 76.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $178.6M.

FLOWX free cash flowFLOWX FCFFLOWX FCF 2023FLOWX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Fidelity Water Sustainability Fund · Fidelity Water Sustainability Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 13, 2026