Fidelity Select Portfolios Air Transportation Portfolio

FSAIXNASDAQFinancial Services

$57.59

+$0.33(+0.58%)

Market Cap$325323894

P/E Ratio—

52W High$74.83

52W Low$57.16

Avg Volume0

Open$57.59

Beta1.48

Free Cash Flow Financials Revenue

Fidelity Select Portfolios Air Transportation Portfolio (FSAIX) Free Cash Flow & Analysis

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

FSAIX · free cash flow · updated Jun 9, 2026

Core FCF metrics

FSAIX · FCF · TTM · margin & CAGR

Free cash flow was −$6.2M for FY2023 (fiscal year ending 2023-05-31), down 110.7% year-over-year The FCF margin was -0.3%.

FY2023 Free Cash Flow−$6.2M▼ -110.7% YoY

Trailing 12M (TTM)$35.1MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-0.3%−$6.2M ÷ 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 9, 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

FSAIX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$23.3M(30M)−$6.2M▼ 110.7%-0.3%

FY2022$75.2M(17M)$57.9M▼ 38.3%3.2%

FY2021$105.2M(11M)$93.9M▲ +257.3%5.7%

FY2020−$36.1M(24M)−$59.7M▼ 219.4%-2.9%

FY2019$67.4M(17M)$50.0M▲ +18.2%2.4%

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

FCF valuation metrics

FSAIX · P/FCF · FCF yield · FCF per share

Fidelity Select Portfolios Air Transportation Portfolio (FSAIX) trades at a FCF yield of -1.91% and a price-to-free-cash-flow ratio of 57.6x. FCF per share stands at $1.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

-1.91%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x57.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x-92.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-05-31

Cash flow statement summary

FSAIX · cash flow statement · operating / investing / financing

For FY2023, Fidelity Select Portfolios Air Transportation Portfolio generated $23.3M in operating cash flow and spent 30M in capital expenditures, yielding −$6.2M in free cash flow.

Operating Activities

+$23.3M

Cash from core business operations

2023-05-31

Investing Activities

−$138.0M

CapEx, acquisitions & investments

2023-05-31

Financing Activities

+$137.7M

Buybacks, dividends & debt

2023-05-31

FCF FormulaOperating CF ($23.3M) − |CapEx| (30M) = FCF (−$6.2M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FSAIX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Fidelity Select Portfolios Air Transportation PortfolioYOU

FSAIX

−$6.2M-110.7%-0.3%

Loss

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 Select Portfolios Air Transportation Portfolio (FSAIX) reported free cash flow of −$6.2M for FY2023 (fiscal year ending 2023-05-31), down 110.7% year-over-year. The FCF margin was -0.3%.

Based on available data, Fidelity Select Portfolios Air Transportation Portfolio has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $125.3M in FY2013.

Fidelity Select Portfolios Air Transportation Portfolio's FCF yield is -1.91% and price-to-FCF ratio is 57.6x 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

FSAIX free cash flow · 8 questions

Fidelity Select Portfolios Air Transportation Portfolio free cash flow was −$6.2M for FY2023, down 110.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $35.1M.

FSAIX free cash flowFSAIX FCFFSAIX FCF 2023FSAIX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Fidelity Select Portfolios Air Transportation Portfolio · Fidelity Select Portfolios Air Transportation Portfolio SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026