Nuveen Minnesota Quality Municipal Income Fund

NMSNYSEFinancial Services● Active

$12.33

+$0.00(+0.00%)

Market Cap$76831781

P/E Ratio—

52W High$12.49

52W Low$11.07

Avg Volume13K

Open$12.31

Beta0.43

Free Cash Flow Financials Revenue

Nuveen Minnesota Quality Municipal Income Fund (NMS) Free Cash Flow & Analysis

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

NMS · free cash flow · updated Jun 13, 2026

Core FCF metrics

NMS · FCF · TTM · margin & CAGR

Free cash flow was $1.8M for FY2025 (fiscal year ending 2025-05-31), down 24.6% year-over-year The FCF margin was 89.5%. Five-year CAGR stands at -13.7%.

FY2025 Free Cash Flow$1.8M▼ -24.6% YoY

Trailing 12M (TTM)$8.0Mtrailing 4 quarters sum

FCF Margin89.5%$1.8M ÷ revenue

3-Year CAGR-30.7%FY2022 → FY2025

5-Year CAGR-13.7%FY2020 → FY2025

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

NMS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.8M(0M)$1.8M▼ 24.6%89.5%

FY2024$2.4M(0M)$2.4M▼ 40.9%60.9%

FY2023$4.1M(0M)$4.1M▼ 25.5%—

FY2022$5.5M(0M)$5.5M▲ +82.4%—

FY2021$3.0M(0M)$3.0M▼ 20.9%35.9%

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

FCF valuation metrics

NMS · P/FCF · FCF yield · FCF per share

Nuveen Minnesota Quality Municipal Income Fund (NMS) trades at a FCF yield of 5.81% and a price-to-free-cash-flow ratio of 8.9x. FCF per share stands at $1.39, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.81%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.39

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x28.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-05-31

Cash flow statement summary

NMS · cash flow statement · operating / investing / financing

For FY2025, Nuveen Minnesota Quality Municipal Income Fund generated $1.8M in operating cash flow and spent 0M in capital expenditures, yielding $1.8M in free cash flow.

Operating Activities

+$1.8M

Cash from core business operations

2025-05-31

Investing Activities

−$0.8M

CapEx, acquisitions & investments

2025-05-31

Financing Activities

−$1.8M

Buybacks, dividends & debt

2025-05-31

FCF FormulaOperating CF ($1.8M) − |CapEx| (0M) = FCF ($1.8M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

NMS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Nuveen Minnesota Quality Municipal Income FundYOU

NMS

$1.8M-24.6%89.5%

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

Nuveen Minnesota Quality Municipal Income Fund (NMS) reported free cash flow of $1.8M for FY2025 (fiscal year ending 2025-05-31), down 24.6% year-over-year. The FCF margin was 89.5%.

Based on available data, Nuveen Minnesota Quality Municipal Income Fund has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $5.5M in FY2022. The 5-year CAGR stands at -13.7%.

Nuveen Minnesota Quality Municipal Income Fund's FCF yield is 5.81% and price-to-FCF ratio is 8.9x for FY2025, 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

NMS free cash flow · 8 questions

Nuveen Minnesota Quality Municipal Income Fund free cash flow was $1.8M for FY2025, down 24.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.0M.

NMS free cash flowNMS FCFNMS FCF 2025NMS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Nuveen Minnesota Quality Municipal Income Fund · Nuveen Minnesota Quality Municipal Income Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 13, 2026