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Free Cash Flow Yield: Top 50 S&P 500 Companies 2026

Top Sectors by FCF Yield Representation

Financial Services 14 companies
Healthcare 8 companies
Communication Services 7 companies
Technology 7 companies
Real Estate 4 companies
Ticker ↕ Company ↕ Sector ↕ Market Cap ↕ Free Cash Flow ↕ FCF Yield ↕ Revenue ↕ FCF Margin ↕ Div Yield ↕
PSKY Paramount Skydance Corporation Communication Services $12.36B $15.84B 128.15% $28.89B 54.83% 1.67%
DD DuPont de Nemours, Inc. Basic Materials $18.57B $13.44B 72.34% $6.85B 196.17% 1.77%
LEN Lennar Corporation Consumer Cyclical $24.00B $12.16B 50.66% $34.19B 35.56% 1.98%
PRU Prudential Financial, Inc. Financial Services $32.89B $12.62B 38.36% $61.23B 20.61% 5.61%
AIG American International Group, I Financial Services $41.55B $11.26B 27.10% $26.61B 42.31% 2.29%
BAX Baxter International Inc. Healthcare $8.98B $2.43B 27.08% $11.24B 21.64% 2.04%
CINF Cincinnati Financial Corporatio Financial Services $25.25B $6.14B 24.32% $12.63B 48.62% 2.15%
CNC Centene Corporation Healthcare $21.27B $5.05B 23.76% $176.15B 2.87% N/A
WBD Warner Bros. Discovery, Inc. - Communication Services $68.98B $16.02B 23.22% $37.30B 42.95% N/A
AIZ Assurant, Inc. Financial Services $10.93B $2.19B 20.01% $12.81B 17.07% 1.51%
TRV The Travelers Companies, Inc. Financial Services $67.12B $12.10B 18.03% $48.83B 24.78% 1.44%
OMC Omnicom Group Inc. Communication Services $26.32B $4.50B 17.11% $17.27B 26.08% 3.77%
IFF International Flavors & Fragran Basic Materials $18.57B $3.09B 16.67% $10.89B 28.42% 2.17%
ALL Allstate Corporation (The) Financial Services $53.77B $8.92B 16.60% $67.68B 13.19% 2.03%
APA APA Corporation Energy $11.88B $1.96B 16.51% $8.68B 22.58% 3.06%
HPQ HP Inc. Technology $17.27B $2.83B 16.36% $56.23B 5.02% 6.17%
ARE Alexandria Real Estate Equities Real Estate $8.64B $1.35B 15.57% $3.02B 44.59% 8.04%
HIG The Hartford Insurance Group, I Financial Services $38.15B $5.81B 15.24% $28.38B 20.48% 1.72%
VTRS Viatris Inc. Healthcare $16.08B $2.43B 15.12% $14.30B 17.00% 3.39%
CI The Cigna Group Healthcare $71.31B $9.77B 13.70% $274.90B 3.55% 2.30%
SWKS Skyworks Solutions, Inc. Technology $8.19B $1.10B 13.43% $4.05B 27.13% 5.18%
WRB W.R. Berkley Corporation Financial Services $25.73B $3.35B 13.03% $14.71B 22.80% 0.51%
GM General Motors Company Consumer Cyclical $68.43B $8.56B 12.51% $185.02B 4.63% 0.96%
NWSA News Corporation Communication Services $13.99B $1.72B 12.28% $8.62B 19.93% 0.81%
MTCH Match Group, Inc. Communication Services $7.22B $873.89M 12.10% $3.49B 25.06% 2.53%
NWS News Corporation Communication Services $15.14B $1.72B 11.35% $8.62B 19.93% 0.72%
GIS General Mills, Inc. Consumer Defensive $23.35B $2.48B 10.61% $18.78B 13.20% 5.51%
CAH Cardinal Health, Inc. Healthcare $51.40B $5.44B 10.59% $244.67B 2.22% 0.94%
BXP BXP, Inc. Real Estate $9.04B $946.38M 10.46% $3.15B 30.01% 5.29%
GDDY GoDaddy Inc. Technology $12.55B $1.31B 10.42% $4.95B 26.41% N/A
DVA DaVita Inc. Healthcare $10.17B $1.05B 10.36% $13.64B 7.72% N/A
TROW T. Rowe Price Group, Inc. Financial Services $19.37B $1.99B 10.30% $7.31B 27.26% 5.75%
GL Globe Life Inc. Financial Services $11.14B $1.14B 10.20% $5.99B 18.96% 0.93%
EXPE Expedia Group, Inc. Consumer Cyclical $29.11B $2.93B 10.08% $14.73B 19.91% 0.67%
PGR Progressive Corporation (The) Financial Services $120.45B $11.83B 9.82% $87.64B 13.50% 6.60%
DOC Healthpeak Properties, Inc. Real Estate $11.93B $1.16B 9.74% $2.82B 41.19% 7.06%
KHC The Kraft Heinz Company Consumer Defensive $29.04B $2.78B 9.56% $24.94B 11.13% 6.52%
CB Chubb Limited Financial Services $127.18B $12.14B 9.54% $59.63B 20.36% 1.18%
GEN Gen Digital Inc. Technology $13.89B $1.32B 9.47% $4.73B 27.85% 2.21%
LW Lamb Weston Holdings, Inc. Consumer Defensive $6.49B $614.59M 9.47% $6.47B 9.49% 3.30%
CHTR Charter Communications, Inc. Communication Services $29.29B $2.73B 9.34% $54.77B 4.99% N/A
AFL AFLAC Incorporated Financial Services $56.48B $5.18B 9.16% $17.16B 30.15% 2.19%
BMY Bristol-Myers Squibb Company Healthcare $122.46B $11.15B 9.10% $48.19B 23.13% 4.18%
HST Host Hotels & Resorts, Inc. Real Estate $13.04B $1.18B 9.07% $6.13B 19.29% 4.16%
EPAM EPAM Systems, Inc. Technology $8.02B $725.31M 9.04% $5.46B 13.29% N/A
PFE Pfizer, Inc. Healthcare $151.28B $13.43B 8.88% $62.58B 21.46% 6.36%
CRM Salesforce, Inc. Technology $186.07B $16.37B 8.80% $41.52B 39.41% 0.87%
CAG ConAgra Brands, Inc. Consumer Defensive $8.98B $787.69M 8.77% $11.23B 7.01% 7.36%
ACN Accenture plc Technology $129.66B $11.12B 8.58% $70.73B 15.73% 3.03%
AMP Ameriprise Financial, Inc. Financial Services $42.05B $3.57B 8.49% $18.91B 18.87% 1.38%

Methodology

This study ranks companies currently in the S&P 500 index by their Free Cash Flow Yield.

Free Cash Flow (FCF) is calculated as Operating Cash Flow minus Capital Expenditures. It represents the cash a company generates after maintaining or expanding its asset base.

FCF Yield is calculated by dividing the trailing 12-month Free Cash Flow by the current Market Capitalization. We prioritize null over estimated or fake data when figures are unavailable.

Frequently Asked Questions

What is Free Cash Flow Yield?
Free Cash Flow Yield is a financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share. It's calculated by taking the free cash flow and dividing it by the enterprise value or market cap.
Why is FCF Yield better than Earnings Yield?
Earnings (Net Income) can be heavily influenced by accounting practices, depreciation, and non-cash items. Free Cash Flow represents actual, cold hard cash entering the business, making it much harder to manipulate and a purer measure of profitability.
What is a "good" FCF Yield?
Generally, an FCF Yield above the risk-free rate (like the 10-year Treasury yield) plus an equity risk premium is considered good. Historically, a yield above 4-5% suggests a company might be undervalued, while anything above 8-10% is exceptionally high (though it may signal underlying risks).
What does a negative FCF Yield mean?
A negative FCF Yield means the company is burning more cash than it generates. This is common in fast-growing tech companies investing heavily in their future, but for mature companies, it can be a major red flag indicating financial distress.
How does Warren Buffett use FCF?
Warren Buffett famously uses what he calls "Owner Earnings," which is closely related to Free Cash Flow. He looks for companies that generate consistent, growing cash flows that don't require massive ongoing capital expenditures to maintain their competitive position.