Micron (MU) Free Cash Flow — Annual (FY21–FY25)

Computed as Operating Cash Flow − CapEx + D&A.

FY	FCF ($MM)
21	28,712
22	34,364
23	16,991
24	24,673
25	41,734

FCF rebounded sharply in FY25 to a multi-year high of ~$41.7B, driven by the memory upcycle. FY23 was the cyclical trough.