Mingteng International Corporation Inc. (MTEN) Cash Flow Statement
Where MTEN’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$104,082 −135.3% vs 2024
- Capital expenditures
- $1.0M 8.6% of revenue
- Free cash flow
- −$1.1M −9.5% margin
- Returned to shareholders
- —
- Change in cash
- −$627,723 cash at year-end $1.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
MTEN operating cash flow, capex and free cash flow
MTEN cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$3,6452020 | −$104,0822025 | — | |
| Capital expenditures | $32,9532020 | $1.0M2025 | +98.1%/yr | |
| Free cash flow | −$36,5982020 | −$1.1M2025 | — | |
| Free cash flow margin | −5.7%2020 | −9.5%2025 | −3.8 pts | |
| Operating cash flow / net income | −0.012020 | 0.862023 | +0.88 | |
| Stock-based compensation | $02022 | $02025 | — | |
| Dividends paid | $02021 | $02024 | — | |
| Capex / revenue | 5.2%2020 | 8.6%2025 | +3.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTEN cash flow by activity
MTEN 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).
MTEN cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$1.8M | −$5.7M | $1.5M | $316,792 | $402,098 | $284,695 |
| Depreciation & amortization | $735,849 | $523,226 | $501,976 | $37,712 | $26,471 | $11,816 |
| Stock-based compensation | $0 | $4.4M | $0 | $0 | — | — |
| Change in working capital | −$459,830 | −$137,000 | −$875,832 | $40,956 | −$218,080 | −$315,608 |
| Other non-cash items | $1.4M | $1.2M | $167,143 | $28,183 | $20,408 | $15,452 |
| Cash from operating activities | −$104,082 | $294,973 | $1.3M | $423,643 | $230,897 | −$3,645 |
| Investing activities | ||||||
| Capital expenditures | −$1.0M | −$984,000 | −$761,792 | −$213,754 | −$134,210 | −$32,953 |
| Investments (net) | −$15.1M | −$3.4M | −$761,792 | −$1.4M | −$857,341 | −$220,208 |
| Acquisitions & other investing | $47,451 | $983,533 | $761,792 | $1.4M | $858,617 | $221,258 |
| Cash from investing activities | −$16.1M | −$3.4M | −$761,792 | −$212,781 | −$132,934 | −$31,903 |
| Financing activities | ||||||
| Dividends paid | — | $0 | $0 | −$52,292 | $0 | — |
| Net borrowing (repayment) | $310,598 | $1.1M | −$1.1M | $513,004 | −$335,488 | — |
| Shares issued | $15.2M | $3.3M | $0 | $0 | $0 | $0 |
| Other financing | $0 | −$265,426 | −$172,179 | −$436,126 | $215,449 | $94,520 |
| Cash from financing activities | $15.5M | $4.2M | −$1.2M | $24,586 | −$120,039 | $94,520 |
| Summary | ||||||
| Net change in cash | −$627,723 | $1.0M | −$737,087 | $209,794 | −$19,226 | $57,581 |
| Cash at end of period | $1.5M | $2.1M | $1.1M | $257,968 | $48,174 | $67,400 |
| Free cash flow | −$1.1M | −$689,000 | $538,197 | $209,889 | $96,687 | −$36,598 |
| Free cash flow margin | −9.5% | −6.8% | 6.6% | 17.8% | 8.1% | −5.7% |
| Capex / revenue | 8.6% | 9.7% | 9.3% | 18.1% | 11.2% | 5.2% |
| Operating cash flow / net income | — | — | 0.86 | 1.34 | 0.57 | −0.01 |
| Mar '26 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$60,400 | −$187,019 | −$754,105 | −$5.4M | −$2.7M | −$266,000 | −$132,921 | $944,374 | $472,187 | $562,328 | $281,164 | $1.1M |
| Depreciation & amortization | $435,609 | $41,385 | $142,225 | $284,449 | $142,225 | $250,604 | $125,302 | $289,778 | $144,889 | $212,198 | $106,099 | $168,734 |
| Stock-based compensation | — | — | — | $4.4M | $2.2M | — | — | — | — | — | — | — |
| Change in working capital | −$3,389 | −$75,909 | −$70,706 | $36,436 | −$70,706 | −$173,436 | −$369,968 | −$314,308 | −$157,154 | −$723,124 | −$361,562 | $831,852 |
| Other non-cash items | −$355,133 | $190,246 | $815,588 | $1.2M | $910,087 | $5,012 | $45,988 | $445,768 | $222,884 | −$117,024 | −$58,512 | $453,056 |
| Cash from operating activities | $16,687 | −$31,297 | $133,002 | $478,793 | $479,086 | −$183,820 | −$331,599 | $1.4M | $682,806 | −$65,622 | −$32,811 | $2.6M |
| Investing activities | ||||||||||||
| Capital expenditures | −$100,507 | −$40,713 | −$45,152 | −$810,762 | −$160,432 | −$173,238 | −$312,527 | −$740,026 | −$370,013 | −$21,766 | −$10,883 | −$1.2M |
| Acquisitions & other investing | −$2.1M | −$3 | $4,669 | −$1.7M | $23,305 | −$702,762 | −$1.3M | $0 | $0 | $0 | $0 | −$244 |
| Cash from investing activities | −$2.2M | −$40,716 | −$40,483 | −$2.6M | −$137,127 | −$876,000 | −$1.6M | −$740,026 | −$370,013 | −$21,766 | −$10,883 | −$1.2M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | −$352,124 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $2.2M | $26,189 | $2,630 | $3.0M | −$1,312 | $1.2M | $2.1M | −$1.2M | −$596,079 | −$56,830 | −$28,415 | −$72,158 |
| Cash from financing activities | $2.2M | $26,189 | $2,630 | $3.0M | −$1,312 | $1.2M | $2.1M | −$1.2M | −$596,079 | −$56,830 | −$28,415 | −$424,282 |
| Summary | ||||||||||||
| Net change in cash | −$37,030 | −$40,106 | — | $1.0M | $45,959 | $45,959 | −$266,983 | −$266,983 | −$266,983 | −$101,561 | −$101,561 | $432,703 |
| Cash at end of period | $207,922 | $244,952 | $285,058 | $2.1M | $190,117 | $190,117 | −$266,983 | −$266,983 | −$266,983 | −$101,561 | −$101,561 | $432,703 |
| Free cash flow | −$83,820 | −$72,010 | $87,850 | −$331,000 | $318,654 | −$358,000 | −$644,126 | $625,586 | $312,793 | −$87,388 | −$43,694 | $1.4M |
| Free cash flow margin | −1.3% | −9.9% | 3.2% | −6.0% | 11.6% | −7.7% | −27.7% | 13.8% | 13.8% | −2.4% | −2.4% | 33.3% |
| Capex / revenue | 1.6% | 5.6% | 1.6% | 14.8% | 5.9% | 3.7% | 13.5% | 16.4% | 16.4% | 0.6% | 0.6% | 30.8% |
| Operating cash flow / net income | — | — | — | — | — | — | — | 1.45 | 1.45 | −0.12 | −0.12 | 2.27 |
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.
MTEN cash generation
In fiscal 2025 (ended December 31, 2025), Mingteng International generated -$0.1 million of cash from operations (down 135.3%) and spent $1.0 million on capital expenditures, leaving free cash flow of -$1.1 million, −9.5% of revenue. Cash and equivalents fell by $0.6 million over the year.
Related: MTEN income statement, MTEN balance sheet. See the MTEN stock overview for the latest quote and news.
MTEN cash flow FAQ
What is Mingteng International's free cash flow?
Mingteng International's free cash flow was -$1.1 million in fiscal 2025: -$0.1 million of operating cash flow minus $1.0 million of capital expenditures It was -$0.7 million a year earlier..
How much cash does Mingteng International generate from operations?
Mingteng International generated -$0.1 million of cash from operating activities in fiscal 2025.
How much does Mingteng International spend on capital expenditures?
Mingteng International spent $1.0 million on capital expenditures in fiscal 2025, 8.6% of revenue, compared with $1.0 million the year before.