Mexco Energy Corporation (MXC) Cash Flow Statement
Where MXC’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- $3.8M −11.5% vs FY2025
- Capital expenditures
- $2.2M 33.4% of revenue
- Free cash flow
- $1.6M 24.2% margin
- Returned to shareholders
- $204,600 13% of free cash flow
- Change in cash
- $1.0M cash at year-end $2.8M
Cash from operations
$3.8M
Capital expenditures
−$2.2M
Investments (net)
−$427,429
Acquisitions & other
+$80,268
Dividends
−$204,600
Change in cash
$1.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
MXC operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
MXC cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $312,081FY2017 | $3.8MFY2026 | +31.9%/yr | |
| Capital expenditures | $802,311FY2017 | $2.2MFY2026 | +11.8%/yr | |
| Free cash flow | −$490,230FY2017 | $1.6MFY2026 | — | |
| Free cash flow margin | −19.4%FY2017 | 24.2%FY2026 | +43.6 pts | |
| Operating cash flow / net income | 4.55FY2021 | 2.89FY2026 | −1.66 | |
| Stock-based compensation | $52,864FY2017 | $174,000FY2026 | +14.2%/yr | |
| Dividends paid | $0FY2017 | $204,600FY2026 | — | |
| Share buybacks (net) | $0FY2017 | $0FY2026 | — | |
| Capex / revenue | 31.8%FY2017 | 33.4%FY2026 | +1.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MXC cash flow by activity
OperatingInvestingFinancingChange in cash
MXC net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
MXC cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.3M | $1.7M | $1.3M | $4.7M | $2.9M | $155,932 | −$99,478 | −$12,946 | −$321,489 | −$694,553 |
| Depreciation & amortization | $2.5M | $2.5M | $2.0M | $1.9M | $1.4M | $934,909 | $881,036 | $830,200 | $911,879 | $1.2M |
| Stock-based compensation | $174,000 | $205,639 | $229,799 | $142,783 | $87,573 | $55,678 | $34,303 | $22,656 | $20,753 | $52,864 |
| Change in working capital | −$434,348 | −$102,825 | $543,603 | −$186,739 | −$584,753 | −$380,424 | $54,615 | $187,067 | −$144,510 | −$259,395 |
| Other non-cash items | $209,951 | $1,745 | $315,970 | $12,570 | $12,526 | −$56,048 | −$5,516 | −$14,649 | −$25,609 | $0 |
| Cash from operating activities | $3.8M | $4.3M | $4.4M | $6.5M | $3.7M | $710,047 | $864,960 | $1.0M | $441,024 | $312,081 |
| Investing activities | ||||||||||
| Capital expenditures | −$2.2M | −$3.4M | −$3.3M | −$5.3M | −$1.9M | −$1.6M | −$1.7M | −$817,699 | −$1.1M | −$802,311 |
| Investments (net) | −$427,429 | −$4.2M | −$3.4M | −$5.4M | −$75,000 | −$50,000 | −$1.7M | −$655,395 | $2.2M | $2.4M |
| Acquisitions & other investing | $80,268 | $3.4M | $3.3M | $5.3M | $253,673 | $257,613 | $1.7M | $817,699 | $1.1M | $802,311 |
| Cash from investing activities | −$2.5M | −$4.2M | −$3.4M | −$5.4M | −$1.7M | −$1.4M | −$1.7M | −$655,395 | $2.2M | $2.4M |
| Financing activities | ||||||||||
| Dividends paid | −$204,600 | −$209,000 | −$213,600 | −$16,700 | — | — | — | — | $0 | $0 |
| Share repurchases & issuance (net) | $0 | −$703,216 | −$585,035 | −$244,494 | $458,570 | $247,435 | $0 | $18,241 | $0 | $0 |
| Net borrowing (repayment) | $0 | $0 | $0 | $0 | −$1.2M | $385,000 | $782,734 | −$739,532 | −$2.2M | −$2.7M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$12,370 | $77,641 | $18,912 | $51,379 | $0 | $68,574 | $0 | $0 | $0 | $0 |
| Cash from financing activities | −$216,970 | −$834,575 | −$779,723 | −$209,815 | −$721,430 | $701,009 | $782,734 | −$721,291 | −$2.2M | −$2.7M |
| Summary | ||||||||||
| Net change in cash | $1.0M | −$719,529 | $237,713 | $865,005 | $1.3M | $23,432 | −$93,871 | −$364,358 | $419,159 | $39,438 |
| Cash at end of period | $2.8M | $1.8M | $2.5M | $2.2M | $1.4M | $57,813 | $34,381 | $128,252 | $492,610 | $73,451 |
| Free cash flow | $1.6M | $853,005 | $1.1M | $1.2M | $1.9M | −$885,190 | −$831,181 | $194,629 | −$651,633 | −$490,230 |
| Free cash flow margin | 24.2% | 11.6% | 16.4% | 12.6% | 28.2% | −31.6% | −30.4% | 7.2% | −24.1% | −19.4% |
| Capex / revenue | 33.4% | 46.4% | 50.7% | 55.6% | 28.7% | 57.0% | 61.9% | 30.4% | 40.4% | 31.8% |
| Operating cash flow / net income | 2.89 | 2.49 | 3.30 | 1.40 | 1.31 | 4.55 | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $501,065 | $807,408 | −$565,457 | $323,506 | $241,951 | $634,998 | $469,133 | $317,198 | $291,039 | $264,295 | $345,610 | $269,433 |
| Depreciation & amortization | $606,521 | $521,645 | $672,318 | $670,690 | $683,243 | $692,285 | $636,424 | $584,288 | $539,697 | $708,787 | $407,562 | $389,720 |
| Stock-based compensation | $39,880 | $51,208 | −$51,208 | $43,033 | $51,208 | $49,940 | $51,630 | $51,630 | $52,439 | $57,129 | $58,847 | $58,848 |
| Change in working capital | −$6,153 | $606,554 | −$182,069 | −$249,700 | $431,769 | −$195,783 | $46,808 | −$77,417 | $123,567 | $36,120 | −$30,988 | $38,701 |
| Other non-cash items | $309,934 | −$1.1M | $989,699 | −$83,257 | −$44,894 | $147,066 | −$269,285 | $52,092 | $71,872 | −$7,113 | $163,322 | $57,467 |
| Cash from operating activities | $1.5M | $848,320 | $863,283 | $704,272 | $1.4M | $1.3M | $934,710 | $927,791 | $1.1M | $1.1M | $944,353 | $814,169 |
| Investing activities | ||||||||||||
| Capital expenditures | −$11,294 | −$1.0M | −$676,602 | −$304,301 | −$372,300 | −$344,027 | −$1.4M | −$1.1M | −$517,387 | −$1.9M | −$179,269 | −$1.1M |
| Investments (net) | — | — | — | −$504,302 | −$365,910 | −$484,556 | −$1.6M | −$1.3M | −$717,387 | −$2.1M | $179,269 | −$1.3M |
| Acquisitions & other investing | −$2.7M | $721,285 | −$665,733 | $304,301 | $372,300 | $344,027 | $1.4M | $1.1M | $517,387 | $1.9M | $179,269 | $1.1M |
| Cash from investing activities | −$2.7M | −$327,614 | −$1.3M | −$504,302 | −$365,910 | −$484,556 | −$1.6M | −$1.3M | −$717,387 | −$2.1M | $179,269 | −$1.3M |
| Financing activities | ||||||||||||
| Dividends paid | −$204,600 | −$204,600 | −$204,600 | −$204,600 | −$204,600 | −$418,000 | −$209,000 | −$209,000 | −$209,000 | −$213,600 | $0 | −$213,600 |
| Share repurchases & issuance (net) | — | $0 | $0 | $0 | $0 | −$625,580 | $703,216 | −$514,579 | −$188,637 | −$129,902 | −$129,876 | −$325,256 |
| Net borrowing (repayment) | — | $0 | — | — | — | $0 | — | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $192,230 | $0 | $0 | $0 | $209,000 | −$1.3M | $209,000 | $77,641 | $230,299 | $0 | $213,600 |
| Cash from financing activities | −$204,600 | −$12,370 | −$204,600 | −$204,600 | −$204,600 | −$834,580 | −$834,580 | −$514,579 | −$319,996 | −$113,203 | −$129,876 | −$325,256 |
| Summary | ||||||||||||
| Net change in cash | −$1.5M | $508,336 | −$479,052 | $199,970 | $792,767 | $843,950 | −$668,352 | −$936,358 | $41,231 | −$1.1M | $993,746 | −$791,295 |
| Cash at end of period | $1.3M | $2.8M | $2.3M | $2.7M | $2.5M | $1.8M | $910,005 | $1.6M | $2.5M | $2.5M | $3.6M | $2.6M |
| Free cash flow | $1.5M | −$200,579 | $1.5M | $399,971 | $990,977 | $984,479 | −$470,852 | −$221,849 | $561,227 | −$818,560 | $1.1M | −$293,803 |
| Free cash flow margin | 73.7% | −12.3% | 111.3% | 23.1% | 54.6% | 49.5% | −24.9% | −12.7% | 32.5% | −45.6% | 67.8% | −20.9% |
| Capex / revenue | 0.6% | 64.4% | 48.9% | 17.5% | 20.5% | 17.3% | 74.3% | 65.7% | 29.9% | 104.7% | 10.8% | 78.8% |
| Operating cash flow / net income | 2.90 | 1.05 | — | 2.18 | 5.63 | 2.09 | 1.99 | 2.92 | 3.71 | 4.01 | 2.73 | 3.02 |
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.
MXC cash generation
In fiscal 2026 (ended March 31, 2026), Mexco Energy generated $3.8 million of cash from operations (down 11.5%) and spent $2.2 million on capital expenditures, leaving free cash flow of $1.6 million, 24.2% of revenue. It returned $0.2 million to shareholders through dividends ($0.2 million) and net share buybacks ($0). Cash and equivalents rose by $1.0 million over the year.
Related: MXC income statement, MXC balance sheet, MXC dividend history. See the MXC stock overview for the latest quote and news.
MXC cash flow FAQ
What is Mexco Energy's free cash flow?
Mexco Energy's free cash flow was $1.6 million in fiscal 2026: $3.8 million of operating cash flow minus $2.2 million of capital expenditures It was $0.9 million a year earlier..
How much cash does Mexco Energy generate from operations?
Mexco Energy generated $3.8 million of cash from operating activities in fiscal 2026, 2.89 times its net income of $1.3 million.
How much does Mexco Energy spend on capital expenditures?
Mexco Energy spent $2.2 million on capital expenditures in fiscal 2026, 33.4% of revenue, compared with $3.4 million the year before.
How much does Mexco Energy pay in dividends?
Mexco Energy paid $0.2 million in dividends in fiscal 2026, 12.9% of free cash flow.