The Toronto-Dominion BankTD
NYSE•Financial Services•Banks - Diversified
Understand cash generation quality and how management allocates capital.
Free cash flow was $10.20B in the latest quarter (9.7% decrease YoY). FCF margin is 9.1%. Shares outstanding declined by 29.6% year-over-year, indicating buybacks (returning capital to shareholders). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation