PIMCO California Municipal Income Fund

PCQNYSEFinancial Services● Active

$8.82

+$0.02(+0.17%)

Market Cap$494809751

P/E Ratio—

52W High$9.19

52W Low$8.16

Avg Volume157K

Open$8.81

Beta0.40

Free Cash Flow Financials Revenue

PIMCO California Municipal Income Fund (PCQ) Free Cash Flow & Analysis

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

PCQ · free cash flow · updated Jun 9, 2026

Core FCF metrics

PCQ · FCF · TTM · margin & CAGR

Free cash flow was −$252.4M for FY2025 (fiscal year ending 2025-12-31), down 1560.1% year-over-year

FY2025 Free Cash Flow−$252.4M▼ -1560.1% YoY

Trailing 12M (TTM)−$238.9Mtrailing 4 quarters sum

FCF Margin< −999%−$252.4M ÷ 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

PCQ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$252.4M(0M)−$252.4M▼ 1560.1%—

FY2024$17.3M(0M)$17.3M▼ 36.7%937.3%

FY2023$27.3M(0M)$27.3M▼ 60.0%186.3%

FY2022$68.4M(0M)$68.4M▲ +605.6%—

FY2021$9.7M(0M)$9.7M▼ 79.2%54.9%

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

FCF valuation metrics

PCQ · P/FCF · FCF yield · FCF per share

PIMCO California Municipal Income Fund (PCQ) reported negative free cash flow of −$0.25B. 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-statementFY2025 · 2025-12-31

Cash flow statement summary

PCQ · cash flow statement · operating / investing / financing

For FY2025, PIMCO California Municipal Income Fund generated −$252.4M in operating cash flow and spent 0M in capital expenditures, yielding −$252.4M in free cash flow.

Operating Activities

−$252.4M

Cash from core business operations

2025-12-31

Investing Activities

+$9.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$251.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$252.4M) − |CapEx| (0M) = FCF (−$252.4M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

PCQ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PIMCO California Municipal Income FundYOU

PCQ

−$252.4M-1560.1%-1150.6%

Loss

Berkshire Hathaway Inc.

BRK-A

$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

PIMCO California Municipal Income Fund (PCQ) reported free cash flow of −$252.4M for FY2025 (fiscal year ending 2025-12-31), down 1560.1% year-over-year.

Based on available data, PIMCO California Municipal Income Fund has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $68.4M in FY2022.

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

PCQ free cash flow · 8 questions

PIMCO California Municipal Income Fund free cash flow was −$252.4M for FY2025, down 1560.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$238.9M.

PCQ free cash flowPCQ FCFPCQ FCF 2025PCQ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PIMCO California Municipal Income Fund · PIMCO California Municipal Income Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026