Nuveen Massachusetts Quality Municipal Income Fund

NMTNYSEFinancial Services● Active

$12.98

+$0.11(+0.85%)

Market Cap$121033568

P/E Ratio—

52W High$13.7

52W Low$11.11

Avg Volume21K

Open$12.93

Beta0.48

Free Cash Flow Financials Revenue

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Free Cash Flow & Analysis

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

NMT · free cash flow · updated Jun 13, 2026

Core FCF metrics

NMT · FCF · TTM · margin & CAGR

Free cash flow was $8.2M for FY2025 (fiscal year ending 2025-05-31), up 274.9% year-over-year The FCF margin was 736.9%. Five-year CAGR stands at +2.9%.

FY2025 Free Cash Flow$8.2M▲ +274.9% YoY

Trailing 12M (TTM)$7.1Mtrailing 4 quarters sum

FCF Margin736.9%$8.2M ÷ revenue

3-Year CAGR-14.8%FY2022 → FY2025

5-Year CAGR+2.9%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

NMT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$8.2M(0M)$8.2M▲ +274.9%736.9%

FY2024$1.1M(0M)$2.2M▲ +266.2%29.3%

FY2023−$1.3M(0M)−$1.3M▼ 109.9%—

FY2022$13.3M(0M)$13.3M▲ +495.0%—

FY2021$2.2M(0M)$2.2M▼ 68.7%18.7%

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

FCF valuation metrics

NMT · P/FCF · FCF yield · FCF per share

Nuveen Massachusetts Quality Municipal Income Fund (NMT) trades at a FCF yield of 3.58% and a price-to-free-cash-flow ratio of 16.9x. FCF per share stands at $0.77, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.58%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.77

TTM FCF ÷ Shares Outstanding

Price / FCF

x16.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x44.9

Enterprise Value basis

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

Cash flow statement summary

NMT · cash flow statement · operating / investing / financing

For FY2025, Nuveen Massachusetts Quality Municipal Income Fund generated $8.2M in operating cash flow and spent 0M in capital expenditures, yielding $8.2M in free cash flow.

Operating Activities

+$8.2M

Cash from core business operations

2025-05-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-05-31

Financing Activities

−$7.6M

Buybacks, dividends & debt

2025-05-31

FCF FormulaOperating CF ($8.2M) − |CapEx| (0M) = FCF ($8.2M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

NMT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Nuveen Massachusetts Quality Municipal Income FundYOU

NMT

$8.2M+274.9%736.9%

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

Nuveen Massachusetts Quality Municipal Income Fund (NMT) reported free cash flow of $8.2M for FY2025 (fiscal year ending 2025-05-31), up 274.9% year-over-year. The FCF margin was 736.9%.

Based on available data, Nuveen Massachusetts Quality Municipal Income Fund has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $13.3M in FY2022. The 5-year CAGR stands at +2.9%.

Nuveen Massachusetts Quality Municipal Income Fund's FCF yield is 3.58% and price-to-FCF ratio is 16.9x 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

NMT free cash flow · 8 questions

Nuveen Massachusetts Quality Municipal Income Fund free cash flow was $8.2M for FY2025, up 274.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $7.1M.

NMT free cash flowNMT FCFNMT FCF 2025NMT free cash flow TTM

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