Oil-Dri Corporation of America (ODC) Cash Flow Statement
Where ODC’s cash came from and went, FY2026
July 31, 2026 · U.S. dollars- Cash from operations
- $80.1M −0.1% vs FY2025
- Capital expenditures
- $34.2M 6.9% of revenue
- Free cash flow
- $45.9M 9.3% margin
- Returned to shareholders
- $22.9M 50% of free cash flow
- Change in cash
- $23.2M cash at year-end $73.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ODC operating cash flow, capex and free cash flow
ODC cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $26.9MFY2017 | $80.1MFY2026 | +12.9%/yr | |
| Capital expenditures | $14.8MFY2017 | $34.2MFY2026 | +9.8%/yr | |
| Free cash flow | $12.2MFY2017 | $45.9MFY2026 | +15.9%/yr | |
| Free cash flow margin | 4.6%FY2017 | 9.3%FY2026 | +4.6 pts | |
| Operating cash flow / net income | 2.50FY2017 | 1.41FY2026 | −1.09 | |
| Stock-based compensation | $1.5MFY2017 | $5.3MFY2026 | +15.0%/yr | |
| Dividends paid | $5.9MFY2017 | $10.4MFY2026 | +6.4%/yr | |
| Share buybacks (net) | $135,000FY2017 | $12.6MFY2026 | +65.5%/yr | |
| Capex / revenue | 5.6%FY2017 | 6.9%FY2026 | +1.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ODC cash flow by activity
ODC 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).
ODC cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $57.0M | $54.0M | $39.4M | $29.5M | $5.6M | $11.0M | $18.7M | $12.6M | $8.2M | $10.8M |
| Depreciation & amortization | $23.2M | $22.0M | $19.3M | $15.5M | $13.5M | $14.2M | $13.9M | $13.3M | $12.8M | $12.8M |
| Stock-based compensation | $5.3M | $5.4M | $4.8M | $3.1M | $2.7M | $2.5M | $3.4M | $2.4M | $1.6M | $1.5M |
| Change in working capital | −$7.6M | −$432,000 | −$5.3M | −$165,000 | −$14.9M | −$11.5M | $9.8M | $798,000 | −$10.4M | $3.4M |
| Other non-cash items | $2.3M | −$791,000 | $2.1M | $1.8M | $2.9M | −$2.5M | −$3.4M | −$2.4M | −$1.6M | −$1.5M |
| Cash from operating activities | $80.1M | $80.2M | $60.3M | $49.8M | $9.8M | $13.6M | $42.5M | $26.7M | $10.6M | $26.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$34.2M | −$32.6M | −$32.0M | −$24.4M | −$22.8M | −$18.8M | −$14.7M | −$15.0M | −$15.1M | −$14.8M |
| Investments (net) | — | — | −$76.1M | −$24.6M | −$22.8M | −$18.8M | −$14.7M | $7.1M | $16.6M | −$13.3M |
| Acquisitions & other investing | $1.3M | $36,000 | $32.0M | $24.4M | $22.8M | $18.8M | $14.7M | $7,000 | $1.1M | $64,000 |
| Cash from investing activities | −$32.9M | −$32.5M | −$76.1M | −$24.6M | −$22.8M | −$18.8M | −$14.7M | −$7.9M | $2.6M | −$28.0M |
| Financing activities | ||||||||||
| Dividends paid | −$10.4M | −$8.4M | −$7.8M | −$7.4M | −$7.4M | −$7.2M | −$7.0M | −$6.7M | −$6.2M | −$5.9M |
| Share repurchases & issuance (net) | −$12.6M | −$2.3M | −$2.8M | −$1.1M | −$11.8M | −$3.1M | −$5.5M | −$147,000 | −$26,000 | −$135,000 |
| Net borrowing (repayment) | — | — | $19.0M | −$1.0M | $23.9M | −$1.0M | $3.7M | −$3.1M | −$3.1M | −$3.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.0M | −$11.0M | −$90,000 | −$7,000 | $0 | $0 | $142,000 | $0 | $0 | $594,000 |
| Cash from financing activities | −$23.9M | −$21.7M | $8.3M | −$9.5M | $4.7M | −$11.3M | −$8.8M | −$9.9M | −$9.3M | −$8.6M |
| Summary | ||||||||||
| Net change in cash | $23.2M | $26.0M | −$7.3M | $15.5M | −$8.3M | −$16.3M | $19.0M | $9.1M | $3.7M | −$9.5M |
| Cash at end of period | $73.7M | $50.5M | $24.5M | $31.8M | $16.3M | $24.6M | $40.9M | $21.9M | $12.8M | $9.1M |
| Free cash flow | $45.9M | $47.6M | $28.3M | $25.4M | −$13.0M | −$5.2M | $27.7M | $11.7M | −$4.5M | $12.2M |
| Free cash flow margin | 9.3% | 9.8% | 6.5% | 6.1% | −3.7% | −1.7% | 9.8% | 4.2% | −1.7% | 4.6% |
| Capex / revenue | 6.9% | 6.7% | 7.3% | 5.9% | 6.5% | 6.2% | 5.2% | 5.4% | 5.7% | 5.6% |
| Operating cash flow / net income | 1.41 | 1.48 | 1.53 | 1.69 | 1.75 | 1.24 | 2.27 | 2.12 | 1.29 | 2.50 |
| 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 | $13.8M | $14.5M | $12.6M | $15.5M | $12.4M | $11.6M | $12.9M | $16.4M | $8.5M | $7.8M | $11.7M | $10.7M |
| Depreciation & amortization | $6.1M | $5.7M | $5.7M | $5.8M | $5.7M | $5.6M | $5.4M | $5.4M | $5.7M | $4.8M | $4.5M | $4.4M |
| Stock-based compensation | — | $1.3M | −$1.4M | $1.4M | — | $1.3M | $1.4M | $1.2M | $1.2M | $1.2M | $1.2M | $1.1M |
| Change in working capital | $3.4M | $10.7M | −$1.3M | −$12.9M | $4.5M | $4.3M | $1.8M | −$12.8M | $6.3M | $5.4M | −$9.1M | −$7.9M |
| Other non-cash items | $3.5M | −$10.3M | $2.6M | $557,000 | $2.6M | −$224,000 | −$149,000 | $803,000 | $1.6M | −$188,000 | $1.0M | $281,000 |
| Cash from operating activities | $26.9M | $21.9M | $18.1M | $10.3M | $25.2M | $22.7M | $21.4M | $10.9M | $23.4M | $19.0M | $9.4M | $8.6M |
| Investing activities | ||||||||||||
| Capital expenditures | −$13.3M | −$6.1M | −$5.8M | −$9.1M | −$8.1M | −$6.7M | −$5.0M | −$12.8M | −$8.3M | −$8.2M | −$7.5M | −$8.1M |
| Investments (net) | — | — | — | — | — | −$6.6M | −$5.1M | −$12.8M | −$52.6M | −$8.0M | −$7.5M | −$8.1M |
| Acquisitions & other investing | $1.0M | $312,000 | $0 | $0 | $62,001 | $6.7M | $5.0M | $12.8M | $8.3M | $8.2M | $7.5M | $8.1M |
| Cash from investing activities | −$12.3M | −$5.8M | −$5.8M | −$9.1M | −$8.0M | −$6.6M | −$5.1M | −$12.8M | −$52.6M | −$8.0M | −$7.5M | −$8.1M |
| Financing activities | ||||||||||||
| Dividends paid | −$2.8M | −$2.7M | −$2.4M | −$2.4M | −$2.1M | −$2.1M | −$2.1M | −$2.1M | −$2.0M | −$2.0M | −$2.0M | −$1.9M |
| Share repurchases & issuance (net) | −$37,000 | −$280,000 | −$5.4M | −$7.0M | −$116,000 | −$69,000 | −$180,000 | −$2.0M | −$88,000 | −$115,000 | −$1.7M | −$872,000 |
| Net borrowing (repayment) | — | $0 | $0 | $0 | — | $0 | −$5.0M | −$5.0M | $9.0M | $10.0M | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.0M | $0 | $0 | $0 | −$1.0M | $0 | $0 | $0 | −$90,000 | $0 | $0 | $0 |
| Cash from financing activities | −$3.8M | −$3.0M | −$7.8M | −$9.4M | −$3.2M | −$2.2M | −$7.3M | −$9.1M | $6.9M | $7.9M | −$3.7M | −$2.8M |
| Summary | ||||||||||||
| Net change in cash | $10.8M | $13.1M | $4.5M | −$8.1M | $14.0M | $13.9M | $9.1M | −$11.0M | −$22.3M | $19.0M | −$1.8M | −$2.2M |
| Cash at end of period | $73.7M | $60.0M | $46.9M | $42.4M | $50.5M | $36.5M | $22.6M | $13.5M | $24.5M | $46.8M | $27.8M | $29.6M |
| Free cash flow | $13.6M | $15.8M | $12.3M | $1.3M | $17.1M | $16.0M | $16.4M | −$1.9M | $15.1M | $10.8M | $1.9M | $500,000 |
| Free cash flow margin | 10.5% | 12.5% | 10.5% | 1.1% | 13.7% | 13.8% | 14.0% | −1.5% | 13.3% | 10.1% | 1.8% | 0.4% |
| Capex / revenue | 10.3% | 4.8% | 4.9% | 7.5% | 6.5% | 5.8% | 4.3% | 10.0% | 7.3% | 7.7% | 7.1% | 7.2% |
| Operating cash flow / net income | 1.94 | 1.51 | 1.44 | 0.67 | 2.03 | 1.95 | 1.66 | 0.67 | 2.74 | 2.44 | 0.80 | 0.80 |
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.
ODC cash generation
In fiscal 2026 (ended July 31, 2026), Oil-Dri Corporation of America generated $80.1 million of cash from operations (down 0.1%) and spent $34.2 million on capital expenditures, leaving free cash flow of $45.9 million, 9.3% of revenue. It returned $22.9 million to shareholders through dividends ($10.4 million) and net share buybacks ($12.6 million). Cash and equivalents rose by $23.2 million over the year.
Related: ODC income statement, ODC balance sheet, ODC dividend history. See the ODC stock overview for the latest quote and news.
ODC cash flow FAQ
What is Oil-Dri Corporation of America's free cash flow?
Oil-Dri Corporation of America's free cash flow was $45.9 million in fiscal 2026: $80.1 million of operating cash flow minus $34.2 million of capital expenditures It was $47.6 million a year earlier..
How much cash does Oil-Dri Corporation of America generate from operations?
Oil-Dri Corporation of America generated $80.1 million of cash from operating activities in fiscal 2026, 1.41 times its net income of $57.0 million.
How much does Oil-Dri Corporation of America spend on capital expenditures?
Oil-Dri Corporation of America spent $34.2 million on capital expenditures in fiscal 2026, 6.9% of revenue, compared with $32.6 million the year before.
How much stock does Oil-Dri Corporation of America buy back?
Oil-Dri Corporation of America spent $12.6 million on net share repurchases in fiscal 2026.
How much does Oil-Dri Corporation of America pay in dividends?
Oil-Dri Corporation of America paid $10.4 million in dividends in fiscal 2026, 22.6% of free cash flow.