Aureus
AExcellent

Veeva Systems Inc.(VEEV)

A

Financial data as of Jan 31, 2026Declining · Technology

FCF Margin29.5%Free Cash Flow / Revenue
Cash Conversion155.7%Operating CF / Net Income
Free Cash Flow$1.4B
Revenue$3.2B
Net Cash$1.3BCash exceeds debt
Debt / FCF0.1xManageable debt load
Current Ratio4.89Adequate short-term liquidity
YoY FCF Growth-12.5%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (29.5%, 0.1x)
→
-0.5Highly volatile FCF (consistency: 1.47)
→
+1Net cash position with strong FCF margin
→
+1Very low debt-to-FCF ratio (0.1x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (29.5%)
  • Excellent cash conversion (156%)
  • Net cash position ($1.3B)
  • Very low debt relative to cash flow (0.1x)
  • Strong liquidity (current ratio: 4.89)
  • Strong FCF margin (29.5%) despite slight YoY dip

Concerns

  • Highly volatile quarterly FCF
SBC-adjusted FCF used — $0.5B stock-based compensation (33% of reported FCF) subtracted

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin29.5%
Net Margin28.4%
Operating CF Margin44.3%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$1.3BCash exceeds debt
Debt / FCF0.1xManageable debt load
Current Ratio4.89Strong liquidity
Debt / Equity0.01Low leverage

Quarterly FCF Trend

-12.5% YoYDeclining (-12.5%)

Free cash flow per quarter

Sector Comparison — Technology

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameVeeva Systems Inc.
SectorTechnology
Free Cash Flow$1.4B
Revenue$3.2B
Net Income$908.9M
Operating Cash Flow$1.4B
Capital Expenditure$0
FCF Margin29.5%
Cash Conversion Rate155.7%
Net Margin28.4%
Total Debt$95.9M
Total Cash$1.4B
Net Cash$1.3B
Current Ratio4.89
Debt / Equity0.01
Debt / FCF0.1x
YoY FCF Growth-12.5%
Positive Quarters4 of 5
Trend DirectionDeclining
Report DateJan 31, 2026
GradeA
Data SourceYahoo Finance

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