NVE Corporation

NVECNASDAQTechnology● Active

$107.59

+$5.48(+5.37%)

Market Cap$520430690

P/E Ratio—

52W High$114.36

52W Low$57.21

Avg Volume93K

Open$105.54

Beta1.35

Free Cash Flow Financials Revenue

NVE Corporation (NVEC) Free Cash Flow & Analysis

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

NVEC · free cash flow · updated Jun 8, 2026

Core FCF metrics

NVEC · FCF · TTM · margin & CAGR

Free cash flow was $14.5M for FY2026 (fiscal year ending 2026-03-31), up 10.8% year-over-year The FCF margin was 55.0%. Five-year CAGR stands at +1.7%.

FY2026 Free Cash Flow$14.5M▲ +10.8% YoY

Trailing 12M (TTM)$14.5Mtrailing 4 quarters sum

FCF Margin55.0%$14.5M ÷ revenue

3-Year CAGR-7.3%FY2023 → FY2026

5-Year CAGR+1.7%FY2021 → FY2026

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 8, 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

NVEC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$16.7M(2M)$14.5M▲ +10.8%55.0%

FY2025$14.3M(1M)$13.1M▼ 28.4%50.5%

FY2024$18.2M(0M)$18.2M▲ +0.4%61.2%

FY2023$19.1M(1M)$18.2M▲ +51.1%47.5%

FY2022$12.5M(0M)$12.0M▼ 9.6%44.5%

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

FCF valuation metrics

NVEC · P/FCF · FCF yield · FCF per share

NVE Corporation (NVEC) trades at a FCF yield of 2.78% and a price-to-free-cash-flow ratio of 36.0x. FCF per share stands at $2.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.78%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x36.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x36.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

NVEC · cash flow statement · operating / investing / financing

For FY2026, NVE Corporation generated $16.7M in operating cash flow and spent 2M in capital expenditures, yielding $14.5M in free cash flow.

Operating Activities

+$16.7M

Cash from core business operations

2026-03-31

Investing Activities

−$3.6M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$19.3M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($16.7M) − |CapEx| (2M) = FCF ($14.5M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

NVEC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NVE CorporationYOU

NVEC

$14.5M+10.8%54.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NVE Corporation (NVEC) reported free cash flow of $14.5M for FY2026 (fiscal year ending 2026-03-31), up 10.8% year-over-year. The FCF margin was 55.0%.

Based on available data, NVE Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $18.2M in FY2024. The 5-year CAGR stands at +1.7%.

NVE Corporation's FCF yield is 2.78% and price-to-FCF ratio is 36.0x for FY2026, 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

NVEC free cash flow · 8 questions

NVE Corporation free cash flow was $14.5M for FY2026, up 10.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $14.5M.

NVEC free cash flowNVEC FCFNVEC FCF 2026NVEC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NVE Corporation · NVE Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026