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Ondas, Inc. ONDS Free cash flow margin

Free cash flow margin at other companies

TTM Technologies logo
TTM TechnologiesTTMI
-0.7%
AeroVironment logo
AeroVironmentAVAV
-14.2%-29.6pp
Kratos Defense & Security Solutions logo
Kratos Defense & Security SolutionsKTOS
-9.4%

Other financials

Income statement

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Revenue$50.1M+1,080%
Gross profit$24.7M+1,557%
Operating income-$42.7M-314%
Net income$362.8M+2,666%
EPS (diluted)$0.56+473%

Balance sheet

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Cash & equivalents$1.0B+3,989%
Total debt$12.5M-64.8%
Total equity$1.1B+4,018%
Total assets$2.4B+2,232%

Cash flow

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Operating cash flow-$51.3M-670%
CapEx$1.3M+679%
Free cash flow-$52.6M-671%

Valuation

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Market cap$4.82B+3,648%
Enterprise value$3.8B+2,507%
P/E19.7×
P/S49.9×+38.0×

Profitability

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Gross margin44.8%+24.2pp
Operating margin-93.9%-39.2pp
Net margin253.3%+158pp

Returns & leverage

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Return on equity44.5%+25.0pp
Debt / equity-1.4×
Current ratio10.9×+10.1×

Where this comes from

Calculated from Ondas, Inc. ’s reported figures.

Based on trailing twelve months.

The official record: Ondas, Inc. ’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ondas, Inc. 's free cash flow margin?
Ondas, Inc. (ONDS) reported free cash flow margin of -89.6% in Q1 2026.
How has Ondas, Inc. 's free cash flow margin changed year-over-year?
Ondas, Inc. 's free cash flow margin increased by 70.9% year-over-year, from -307.8% to -89.6%.
What is the long-term trend for Ondas, Inc. 's free cash flow margin?
Over 4 years (2021 to 2025), Ondas, Inc. 's free cash flow margin has grown at a -39.8% compound annual growth rate (CAGR), from -613% to -80.4%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.