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Free Cash Flow

The cash a business generates after funding the capital expenditures needed to maintain and grow its asset base — the cash genuinely available to return to owners, pay down debt, or reinvest. The single most-watched cash metric for value investors. Computed here as operating cash flow minus capital expenditures.

Formula

Cash from Operations − Capital Expenditures

Related terms

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Metrics on this page are computed by Moatkeep from reported filings and market data and are estimates: they depend on modelling choices (e.g. period alignment, share counts, currency) and on the underlying data being correct. Definitions are in the glossary. Figures are not investment advice — see the full disclaimer.

Free Cash Flow — definition | Moatkeep