Small drops can move spontaneously on conical fibers. As a drop moves along the cone, it must change shape to maintain a constant volume, and thus, it must change its surface energy. Simultaneously, the exposed surface area of the underlying cone must also change. The associated surface energies should balance each other, and the drop should stop moving when it reaches a location where the free energy is a minimum. In this paper, a minimum Gibbs free energy analysis has been performed to predict where a drop will stop on a conical fiber. To obtain the Gibbs free energies of a drop at different locations of a conical fiber, the theoretical expressions for the shape of a droplet on a conical fiber are derived by extending Carroll's equations for a drop on a cylindrical fiber. The predicted Gibbs free energy exhibits a minimum along the length of the cone. For a constant cone angle, as the contact angle between the liquid and the cone increases, the drop will move toward the apex of the cone. Likewise, for a constant contact angle, as the cone angle increases, the drop moves toward the apex. Experiments in which water and dodecane were placed on glass cones verify these dependencies. Thus, the final location of a drop on a conical fiber can be predicted on the basis of the geometry and surface energy of the cone, the surface tension and volume of the liquid, and the original location where the drop was deposited.