Free cash flow
Veeva Systems Free cash flow decreased by 2.7% to $110.65M in Q3 2021 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency or reduced capital intensity, providing more flexibility for capital allocation. A decrease may indicate higher investment in R&D or infrastructure, or potential challenges in converting earnings into cash.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
Large-cap medical device and pharmaceutical peers typically maintain strong, positive free cash flow, though levels vary based on the intensity of R&D spending and the lifecycle stage of major product lines.
free_cash_flowHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | |
|---|---|---|---|
| Value | $475.73M | $113.74M | $110.65M |
| QoQ Change | — | -76.1% | -2.7% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Veeva Systems's free cash flow?
- Veeva Systems (VEEV) reported free cash flow of $110.65M in Q3 2021.
- What does free cash flow mean?
- The cash remaining after a company pays for its operating expenses and capital investments.