Hilton Tactical Income Fund

HCYAXNASDAQFinancial Services● Active

$18.37

+$0.04(+0.22%)

Market Cap$133752723

P/E Ratio—

52W High$18.86

52W Low$17.68

Avg Volume0

Open$18.37

Beta0.55

Overview

Hilton Tactical Income Fund (HCYAX) Free Cash Flow & Analysis

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

HCYAX · free cash flow · updated Jun 14, 2026

Core FCF metrics

HCYAX · FCF · TTM · margin & CAGR

Free cash flow was $0 for FY2023 (fiscal year ending 2023-03-31) The FCF margin was 0.0%.

FY2023 Free Cash Flow$0—

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin0.0%$0 ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

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

HCYAX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$0(0M)$0—0.0%

FY2022$0(0M)$0—0.0%

FY2021$0(0M)$0—0.0%

FY2020$0(0M)$0—0.0%

FY2019$0(0M)$0—0.0%

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

FCF valuation metrics

HCYAX · P/FCF · FCF yield · FCF per share

Hilton Tactical Income Fund (HCYAX) reported negative free cash flow of —. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

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)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-03-31

Cash flow statement summary

HCYAX · cash flow statement · operating / investing / financing

For FY2023, Hilton Tactical Income Fund generated $0 in operating cash flow and spent 0M in capital expenditures, yielding $0 in free cash flow.

Operating Activities

+$0.0M

Cash from core business operations

2023-03-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2023-03-31

Financing Activities

+$0.0M

Buybacks, dividends & debt

2023-03-31

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

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HCYAX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Hilton Tactical Income FundYOU

HCYAX

$0—0.0%

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

Hilton Tactical Income Fund (HCYAX) reported free cash flow of $0 for FY2023 (fiscal year ending 2023-03-31). The FCF margin was 0.0%.

Hilton Tactical Income Fund has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 11 fiscal years.

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

HCYAX free cash flow · 8 questions

Hilton Tactical Income Fund free cash flow was $0 for FY2023. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

HCYAX free cash flowHCYAX FCFHCYAX FCF 2023HCYAX free cash flow TTM

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