Consumer Discretionary

Retail, automotive, entertainment, travel, and consumer products

Sector classifications follow the GICS industry standard.

Companies Analyzed21 / 21in this sector

Avg FCF Margin8.6%

Top PerformerBKNG31.5%

Avg Debt/FCF22.5xacross 19 companies

FCF Margin Rankings

Companies ranked by free cash flow margin

Health grades across the sector

A5 (24%)

B4 (19%)

C1 (5%)

D2 (10%)

F9 (43%)

#	Symbol	Grade	FCF Margin	Cash Conv.	Trend	Debt/FCF	Revenue	FCF
1	BKNG	A	31.5%	174.1%	improving	2.3x	$26.9B	$9.1B
2	MCD	A	26.1%	123.2%	improving	7.8x	$26.9B	$7.2B
3	ABNB	A	24.9%	185.0%	improving	0.7x	$12.2B	$4.6B
4	DECK	A	19.2%	115.4%	improving	0.4x	$5.5B	$1.1B
5	CMG	A	11.1%	137.6%	improving	3.8x	$11.9B	$1.4B
6	CCL	D	9.4%	225.3%	improving	11.2x	$26.6B	$2.6B
7	MAR	B	9.1%	123.5%	improving	7.2x	$26.2B	$2.6B
8	LOW	D	8.6%	148.2%	declining	6.0x	$86.3B	$7.7B
9	TJX	B	7.8%	125.1%	improving	2.9x	$60.4B	$4.9B
10	LULU	B	7.7%	101.5%	improving	2.1x	$11.1B	$921.7M
11	HD	B	7.4%	115.3%	improving	5.4x	$164.7B	$12.6B
12	F	F	6.4%	-260.1%	declining	13.9x	$187.3B	$12.5B
13	RCL	F	5.9%	151.5%	declining	20.8x	$17.9B	$1.2B
14	SBUX	F	5.7%	255.7%	improving	12.5x	$37.2B	$2.4B
15	DASH	C	5.6%	260.0%	improving	4.2x	$13.7B	$1.8B
16	TSLA	F	3.6%	—	declining	4.3x	$94.8B	$6.2B
17	NKE	F	3.2%	92.3%	improving	7.5x	$46.4B	$2.2B
18	GM	F	1.0%	—	improving	74.1x	$185.0B	$1.8B
19	TM	F	0.4%	142.2%	declining	240.6x	$50.7T	$179.6B
20	AMZN	F	-1.6%	179.6%	declining	N/A	$716.9B	$7.7B
21	NCLH	F	-12.8%	—	declining	N/A	$9.8B	-$1.2B

Booking and Airbnb print 30%+ margins. Amazon burns cash. The sector's bifurcation is getting worse.

Four A-grades at 20%+ margins. Nine F-grades burning through cash. This sector splits cleanly between digital platforms and everyone else.

Half the sector is burning cash. The other half is printing it at margins that make the rest look broken.