Adirondack Small Cap Fund

ADKSXNASDAQFinancial Services● Active

$39.11

+$0.43(+1.11%)

Market Cap$55553174

P/E Ratio—

52W High$39.11

52W Low$30.13

Avg Volume0

Open$39.11

Beta0.91

Overview

Adirondack Small Cap Fund (ADKSX) Free Cash Flow & Analysis

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

ADKSX · free cash flow · updated Jun 14, 2026

Core FCF metrics

ADKSX · FCF · TTM · margin & CAGR

Free cash flow was $2.87B for FY2023 (fiscal year ending 2023-12-31), up 351.1% year-over-year The FCF margin was 12.0%. Five-year CAGR stands at +2.4%.

FY2023 Free Cash Flow$2.87B▲ +351.1% YoY

Trailing 12M (TTM)$1.72Btrailing 4 quarters sum

FCF Margin12.0%$2.87B ÷ revenue

3-Year CAGR+48.5%FY2020 → FY2023

5-Year CAGR+2.4%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 14, 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

ADKSX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$3.58B(713M)$2.87B▲ +351.1%12.0%

FY2022$1.34B(704M)$635.9M▲ +133.6%3.3%

FY2021−$1.28B(615M)−$1.89B▼ 316.0%-13.3%

FY2020$991.0M(114M)$876.7M▼ 40.8%9.9%

FY2019$1.75B(271M)$1.48B▼ 41.9%17.6%

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

FCF valuation metrics

ADKSX · P/FCF · FCF yield · FCF per share

Adirondack Small Cap Fund (ADKSX) trades at a FCF yield of 3.79% and a price-to-free-cash-flow ratio of N/A. FCF per share stands at N/A, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.79%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.6

Enterprise Value basis

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

Cash flow statement summary

ADKSX · cash flow statement · operating / investing / financing

For FY2023, Adirondack Small Cap Fund generated $3.58B in operating cash flow and spent 713M in capital expenditures, yielding $2.87B in free cash flow.

Operating Activities

+$3.58B

Cash from core business operations

2023-12-31

Investing Activities

−$327.6M

CapEx, acquisitions & investments

2023-12-31

Financing Activities

−$2.02B

Buybacks, dividends & debt

2023-12-31

FCF FormulaOperating CF ($3.58B) − |CapEx| (713M) = FCF ($2.87B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

ADKSX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Adirondack Small Cap FundYOU

ADKSX

$2.87B+351.1%12.0%

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

Adirondack Small Cap Fund (ADKSX) reported free cash flow of $2.87B for FY2023 (fiscal year ending 2023-12-31), up 351.1% year-over-year. The FCF margin was 12.0%.

Based on available data, Adirondack Small Cap Fund has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $2.87B in FY2023. The 5-year CAGR stands at +2.4%.

Adirondack Small Cap Fund's FCF yield is 3.79% and price-to-FCF ratio is N/A 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

ADKSX free cash flow · 8 questions

Adirondack Small Cap Fund free cash flow was $2.87B for FY2023, up 351.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.72B.

ADKSX free cash flowADKSX FCFADKSX FCF 2023ADKSX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Adirondack Small Cap Fund · Adirondack Small Cap Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 14, 2026