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One important consideration for tech stocks is how easily the companies can pay their ongoing capital expenditures. Operating cash flow is a likely source for this payment, so the ratio of operating cash flow to capital expenditures can give an idea of whether the firm’s fixed asset expenses are reasonably covered, leaving cash to spare.

We ran a screen on highly profitable tech stocks, beating their industry peers on gross, operating, and pretax margins. From this universe, we searched for companies with trailing-twelve-month operating cash flow/capital expenditures over 5.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these tech companies are operating well? Use this list as a starting-off point for your own analysis.

List sorted by market cap.

1. Apple Inc. (NASDAQ:AAPL): Personal Computers Industry. Market cap of $331.08B. TTM operating cash flow/capital expenditures at 7.88. TTM gross margin at 40.66% vs. industry gross margin at 40.38%. TTM operating margin at 29.02% vs. industry operating margin at 20.77%. TTM pretax margin at 29.29% vs. industry pretax margin at 20.40%. Might be undervalued at current levels, with a PEG ratio at 0.81, and P/FCF ratio at 14.32. The stock has gained 41.66% over the last year.

2. QUALCOMM Incorporated (NASDAQ:QCOM): Communication Equipment Industry. Market cap of $93.64B. TTM operating cash flow/capital expenditures at 9.39. TTM gross margin at 72.78% vs. industry gross margin at 59.58%. TTM operating margin at 31.33% vs. industry operating margin at 17.88%. TTM pretax margin at 36.89% vs. industry pretax margin at 18.76%. The stock has gained 54.48% over the last year.

3. Cisco Systems, Inc. (NASDAQ:CSCO): Networking & Communication Devices Industry. Market cap of $85.64B. TTM operating cash flow/capital expenditures at 8.46. TTM gross margin at 66.42% vs. industry gross margin at 59.52%. TTM operating margin at 20.32% vs. industry operating margin at 17.86%. TTM pretax margin at 20.48% vs. industry pretax margin at 18.70%. The stock has lost 33.94% over the last year.

4. Emerson Electric Co. (NYSE:EMR): Industrial Equipment & Components Industry. Market cap of $42.14B. TTM operating cash flow/capital expenditures at 5.50. TTM gross margin at 42.33% vs. industry gross margin at 35.99%. TTM operating margin at 16.03% vs. industry operating margin at 10.98%. TTM pretax margin at 14.34% vs. industry pretax margin at 7.88%. The stock has gained 23.64% over the last year.

5. Danaher Corp. (NYSE:DHR): Conglomerates Industry. Market cap of $36.47B. TTM operating cash flow/capital expenditures at 9.31. TTM gross margin at 54.43% vs. industry gross margin at 42.08%. TTM operating margin at 17.17% vs. industry operating margin at 13.89%. TTM pretax margin at 18.58% vs. industry pretax margin at 13.48%. The stock has gained 40.42% over the last year.

6. Altera Corp. (NASDAQ:ALTR): Semiconductor Industry. Market cap of $14.07B. TTM operating cash flow/capital expenditures at 49.07. TTM gross margin at 72.66% vs. industry gross margin at 59.36%. TTM operating margin at 45.34% vs. industry operating margin at 25.61%. TTM pretax margin at 45.64% vs. industry pretax margin at 25.05%. It's been a rough couple of days for the stock, losing 7.26% over the last week.

7. Analog Devices Inc. (NASDAQ:ADI): Semiconductor Circuits Industry. Market cap of $10.86B. TTM operating cash flow/capital expenditures at 6.68. TTM gross margin at 70.83% vs. industry gross margin at 59.40%. TTM operating margin at 36.38% vs. industry operating margin at 25.57%. TTM pretax margin at 36.38% vs. industry pretax margin at 25.02%. It's been a rough couple of days for the stock, losing 8.5% over the last week.

8. SanDisk Corp. (NASDAQ:SNDK): Semiconductor Industry. Market cap of $9.98B. TTM operating cash flow/capital expenditures at 11.99. TTM gross margin at 49.63% vs. industry gross margin at 40.38%. TTM operating margin at 30.58% vs. industry operating margin at 20.77%. TTM pretax margin at 29.12% vs. industry pretax margin at 20.40%. Might be undervalued at current levels, with a PEG ratio at 0.63, and P/FCF ratio at 7.15. The stock has lost 7.2% over the last year.

9. Cooper Industries plc (CBE): Conglomerates Industry. Market cap of $9.68B. TTM operating cash flow/capital expenditures at 5.63. TTM gross margin at 36.11% vs. industry gross margin at 35.96%. TTM operating margin at 14.11% vs. industry operating margin at 11.04%. TTM pretax margin at 11.04% vs. industry pretax margin at 7.90%. The stock has gained 28.52% over the last year.

10. F5 Networks, Inc. (NASDAQ:FFIV): Application Software Industry. Market cap of $9.14B. TTM operating cash flow/capital expenditures at 20.27. TTM gross margin at 83.64% vs. industry gross margin at 59.52%. TTM operating margin at 29.04% vs. industry operating margin at 17.86%. TTM pretax margin at 29.79% vs. industry pretax margin at 18.70%. The stock has gained 44.75% over the last year.

11. Xilinx Inc. (NASDAQ:XLNX): Semiconductor Industry. Market cap of $9.01B. TTM operating cash flow/capital expenditures at 11.14. TTM gross margin at 67.54% vs. industry gross margin at 59.36%. TTM operating margin at 34.01% vs. industry operating margin at 25.61%. TTM pretax margin at 32.54% vs. industry pretax margin at 25.05%. The stock is a short squeeze candidate, with a short float at 9.75% (equivalent to 5.92 days of average volume). It's been a rough couple of days for the stock, losing 7.12% over the last week.

12. KLA-Tencor Corporation (NASDAQ:KLAC): Semiconductor Equipment & Materials Industry. Market cap of $6.99B. TTM operating cash flow/capital expenditures at 14.57. TTM gross margin at 63.73% vs. industry gross margin at 59.39%. TTM operating margin at 35.62% vs. industry operating margin at 25.56%. TTM pretax margin at 32.59% vs. industry pretax margin at 25.02%. The stock has gained 38.72% over the last year.

13. ADTRAN Inc. (NASDAQ:ADTN): Communication Equipment Industry. Market cap of $2.34B. TTM operating cash flow/capital expenditures at 9.64. TTM gross margin at 60.56% vs. industry gross margin at 59.58%. TTM operating margin at 27.55% vs. industry operating margin at 17.88%. TTM pretax margin at 29.99% vs. industry pretax margin at 18.76%. The stock is a short squeeze candidate, with a short float at 8.% (equivalent to 5.17 days of average volume). It's been a rough couple of days for the stock, losing 10.57% over the last week.

14. QLogic Corp. (NASDAQ:QLGC): Semiconductor Industry. Market cap of $1.67B. TTM operating cash flow/capital expenditures at 8.19. TTM gross margin at 71.61% vs. industry gross margin at 40.38%. TTM operating margin at 23.53% vs. industry operating margin at 20.77%. TTM pretax margin at 24.24% vs. industry pretax margin at 20.40%. The stock has lost 14.89% over the last year.

15. EZchip Semiconductor Ltd. (NASDAQ:EZCH): Semiconductor Equipment & Materials Industry. Market cap of $925.89M. TTM operating cash flow/capital expenditures at 87.43. TTM gross margin at 77.16% vs. industry gross margin at 59.39%. TTM operating margin at 31.76% vs. industry operating margin at 25.56%. TTM pretax margin at 33.70% vs. industry pretax margin at 25.02%. The stock has gained 77.23% over the last year.

16. CEVA Inc. (NASDAQ:CEVA): Semiconductor Industry. Market cap of $677.61M. TTM operating cash flow/capital expenditures at 42.22. TTM gross margin at 93.08% vs. industry gross margin at 59.36%. TTM operating margin at 25.98% vs. industry operating margin at 25.61%. TTM pretax margin at 30.20% vs. industry pretax margin at 25.05%. The stock is a short squeeze candidate, with a short float at 5.53% (equivalent to 5.1 days of average volume). It's been a rough couple of days for the stock, losing 8.81% over the last week.

*Profitability data sourced from Fidelity, operating cash flow/capital expenditures data sourced from Screener.co, all other data sourced from Finviz.

Source: 16 Highly Profitable Tech Stocks With Strong Cash Coverage of Expenses