# FCF Per Share

Free cash flow divided by diluted shares outstanding.

## Definition

FCF per share converts free cash flow into a per-share number, showing how much actual cash each share is entitled to (in principle) each year.

## Formula

Free Cash Flow ÷ Diluted Shares Outstanding

## Why it matters

FCF per share is what ultimately funds dividends and buybacks. A company that grows FCF per share consistently can compound shareholder value even without multiple expansion. It's also harder to manipulate than EPS.

## How Standard Equity uses it

Shown in the main table, with its 5- and 10-year growth rate. Not shown for banks, insurers or broker-dealers (their FCF is not meaningful in the conventional sense).

## The metric

| Category | Per-Share |
| -------- | --------- |
| Unit     | $         |

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