Citi Trends, Inc. (CTRN) Cash Flow Statement
Where CTRN’s cash came from and went, FY2026
January 31, 2026 · U.S. dollars- Cash from operations
- $21.0M
- Capital expenditures
- $20.3M 2.5% of revenue
- Free cash flow
- $624,000 0.1% margin
- Returned to shareholders
- $6.3M 1,012% of free cash flow
- Change in cash
- $5.0M cash at year-end $66.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CTRN operating cash flow, capex and free cash flow
CTRN cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $39.7MFY2017 | $21.0MFY2026 | −6.9%/yr | |
| Capital expenditures | $23.9MFY2017 | $20.3MFY2026 | −1.8%/yr | |
| Free cash flow | $15.8MFY2017 | $624,000FY2026 | −30.2%/yr | |
| Free cash flow margin | 2.3%FY2017 | 0.1%FY2026 | −2.2 pts | |
| Operating cash flow / net income | 2.98FY2017 | 4.02FY2026 | +1.04 | |
| Stock-based compensation | $2.9MFY2017 | $5.4MFY2026 | +7.0%/yr | |
| Dividends paid | $3.5MFY2017 | $0FY2023 | −100.0% | |
| Share buybacks (net) | $1.6MFY2017 | $6.3MFY2026 | +16.5%/yr | |
| Capex / revenue | 3.4%FY2017 | 2.5%FY2026 | −1.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CTRN cash flow by activity
CTRN net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CTRN cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $5.2M | −$43.2M | −$12.0M | $58.9M | $62.2M | $24.0M | $16.5M | $21.4M | $14.6M | $13.3M |
| Depreciation & amortization | $18.5M | $18.8M | $19.0M | $20.6M | $20.4M | $19.3M | $18.5M | $18.9M | $18.9M | $17.1M |
| Stock-based compensation | $5.4M | $3.3M | $4.1M | $3.6M | $4.8M | $2.9M | $2.1M | $2.2M | $1.6M | $2.9M |
| Change in working capital | −$45.0M | −$39.5M | −$70.2M | −$66.3M | −$67.8M | $14.6M | −$41.4M | −$13.5M | $2.5M | $3.6M |
| Other non-cash items | $36.9M | $56.7M | $49.5M | −$11.1M | $54.7M | $50.1M | $46.8M | $1.5M | $4.7M | $2.8M |
| Cash from operating activities | $21.0M | −$3.8M | −$9.6M | $5.8M | $74.3M | $110.9M | $42.6M | $30.4M | $42.3M | $39.7M |
| Investing activities | ||||||||||
| Capital expenditures | −$20.3M | −$10.1M | −$14.9M | −$22.3M | −$29.7M | −$17.0M | −$24.2M | −$13.3M | −$21.0M | −$23.9M |
| Investments (net) | — | −$10.1M | −$13.4M | $60.2M | −$29.5M | $43.2M | $16.0M | −$2.3M | $7.8M | −$1.2M |
| Acquisitions & other investing | $11.8M | $10.1M | $14.9M | $22.3M | $29.7M | $416,000 | $573,000 | $195,000 | $443,000 | $421,000 |
| Cash from investing activities | −$8.5M | −$10.1M | −$13.4M | $60.2M | −$29.5M | $26.7M | −$7.6M | −$15.3M | −$12.8M | −$24.7M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | $0 | −$1,000 | −$832,000 | −$3.8M | −$4.2M | −$4.2M | −$3.5M |
| Share repurchases & issuance (net) | −$6.3M | −$3.8M | −$854,000 | −$10.0M | −$115.3M | −$32.9M | −$28.4M | −$40.4M | −$25.0M | −$1.6M |
| Net borrowing (repayment) | — | — | — | $0 | $0 | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.1M | −$887,000 | $0 | −$2.2M | −$2.9M | −$608,000 | −$733,000 | −$1.0M | −$1.1M | $168,000 |
| Cash from financing activities | −$7.5M | −$4.7M | −$854,000 | −$12.2M | −$118.2M | −$34.3M | −$32.9M | −$45.7M | −$30.3M | −$4.9M |
| Summary | ||||||||||
| Net change in cash | $5.0M | −$18.6M | −$23.8M | $53.7M | −$73.4M | $103.3M | $2.1M | −$30.6M | −$802,000 | $10.1M |
| Cash at end of period | $66.1M | $61.1M | $79.7M | $103.5M | $49.8M | $123.2M | $19.9M | $17.9M | $48.5M | $49.3M |
| Free cash flow | $624,000 | −$14.0M | −$24.5M | −$16.5M | $44.6M | $93.9M | $18.4M | $17.2M | $21.3M | $15.8M |
| Free cash flow margin | 0.1% | −1.9% | −3.3% | −2.1% | 4.5% | 12.0% | 2.4% | 2.2% | 2.8% | 2.3% |
| Capex / revenue | 2.5% | 1.3% | 2.0% | 2.8% | 3.0% | 2.2% | 3.1% | 1.7% | 2.8% | 3.4% |
| Operating cash flow / net income | 4.02 | — | — | 0.10 | 1.19 | 4.62 | 2.58 | 1.42 | 2.90 | 2.98 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$931,000 | $7.8M | $7.4M | −$6.9M | $3.8M | $871,000 | −$14.2M | −$7.2M | −$18.4M | −$3.4M | $3.6M | −$3.9M |
| Depreciation & amortization | $5.4M | $5.1M | $4.9M | $4.6M | $4.5M | $4.4M | $4.5M | $4.8M | $4.8M | $4.8M | $4.9M | $4.7M |
| Stock-based compensation | $1.5M | $1.3M | $1.4M | $1.6M | $1.5M | $968,000 | $868,000 | $856,000 | $694,000 | $884,000 | $1.1M | $1.0M |
| Change in working capital | −$32.9M | −$5.4M | −$6.0M | −$1.9M | −$7.5M | −$29.5M | $9.0M | −$27.9M | $10.5M | −$31.1M | −$1.4M | −$16.7M |
| Other non-cash items | $12.7M | $12.1M | $11.8M | $11.2M | $1.5M | $12.3M | $28.3M | $11.1M | $8.0M | $9.3M | $15.1M | $11.9M |
| Cash from operating activities | −$14.2M | $20.9M | $19.5M | $8.6M | $3.9M | −$11.0M | $28.5M | −$18.4M | $5.6M | −$19.6M | $23.3M | −$2.9M |
| Investing activities | ||||||||||||
| Capital expenditures | −$9.8M | −$5.8M | −$4.8M | −$7.8M | −$5.6M | −$2.1M | −$2.5M | −$2.1M | −$4.0M | −$1.6M | −$3.3M | −$4.7M |
| Investments (net) | — | — | — | — | $5.6M | −$2.1M | −$2.5M | −$2.1M | −$4.0M | −$1.6M | −$3.3M | −$3.1M |
| Acquisitions & other investing | $0 | $0 | $630,000 | $0 | $5.6M | $2.1M | $2.5M | $2.1M | $4.0M | $1.6M | $3.3M | $4.7M |
| Cash from investing activities | −$9.8M | −$5.8M | −$4.2M | −$7.8M | $5.6M | −$2.1M | −$2.5M | −$2.1M | −$4.0M | −$1.6M | −$3.3M | −$3.1M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$1.2M | −$34,000 | −$312,000 | −$66,000 | −$619,000 | −$6.3M | −$3.8M | −$24,000 | −$523,000 | −$333,000 | −$3,000 | −$42,000 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | −$141,000 | −$7,000 | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | −$1.2M | −$34,000 | −$312,000 | −$66,000 | −$619,000 | −$6.5M | −$3.8M | −$24,000 | −$523,000 | −$333,000 | −$3,000 | −$42,000 |
| Summary | ||||||||||||
| Net change in cash | −$25.2M | $15.0M | $15.0M | $701,000 | $8.8M | −$19.5M | $22.2M | −$20.4M | $1.1M | −$21.5M | $20.0M | −$6.1M |
| Cash at end of period | $55.9M | $81.1M | $66.1M | $51.1M | $50.4M | $41.6M | $61.1M | $38.9M | $59.3M | $58.2M | $79.7M | $59.7M |
| Free cash flow | −$24.0M | $15.0M | $14.7M | $767,000 | −$1.7M | −$13.1M | $26.0M | −$20.4M | $1.7M | −$21.2M | $20.0M | −$7.6M |
| Free cash flow margin | −11.3% | 6.5% | 6.4% | 0.4% | −0.9% | −6.5% | 12.3% | −11.4% | 0.9% | −11.4% | 9.3% | −4.2% |
| Capex / revenue | 4.6% | 2.5% | 2.1% | 4.0% | 2.9% | 1.0% | 1.2% | 1.1% | 2.2% | 0.9% | 1.5% | 2.6% |
| Operating cash flow / net income | — | 2.69 | 2.63 | — | 1.01 | −12.59 | — | — | — | — | 6.56 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
CTRN cash generation
In fiscal 2026 (ended January 31, 2026), Citi Trends generated $21.0 million of cash from operations and spent $20.3 million on capital expenditures, leaving free cash flow of $0.6 million, 0.1% of revenue. It returned $6.3 million to shareholders through dividends ($0) and net share buybacks ($6.3 million). Cash and equivalents rose by $5.0 million over the year.
Related: CTRN income statement, CTRN balance sheet. See the CTRN stock overview for the latest quote and news.
CTRN cash flow FAQ
What is Citi Trends's free cash flow?
Citi Trends's free cash flow was $0.6 million in fiscal 2026: $21.0 million of operating cash flow minus $20.3 million of capital expenditures It was -$14.0 million a year earlier..
How much cash does Citi Trends generate from operations?
Citi Trends generated $21.0 million of cash from operating activities in fiscal 2026, 4.02 times its net income of $5.2 million.
How much does Citi Trends spend on capital expenditures?
Citi Trends spent $20.3 million on capital expenditures in fiscal 2026, 2.5% of revenue, compared with $10.1 million the year before.
How much stock does Citi Trends buy back?
Citi Trends spent $6.3 million on net share repurchases in fiscal 2026.