Sunday, 8 November 2026 Weekly snapshot · Not investment advice standard-equity.report
Cash Flow
FCF — Free Cash Flow
Operating cash flow minus capital expenditure.
Definition
Free cash flow is the cash a business generates after paying to maintain and grow its productive asset base. It's the cash genuinely available to repay debt, pay dividends, repurchase shares, or fund acquisitions.
Formula
Operating Cash Flow − Capital Expenditure
Why it matters
FCF is the single most-cited measure of a business's financial health among long-term investors. Unlike earnings, FCF can't be juiced by accounting choices around depreciation, accruals, or revenue recognition.
How Standard Equity uses it
Used to compute FCF margin, FCF per share, FCF yield, and the FCF-to-Net-Income quality ratio.
The metric
| Category | Cash Flow |
|---|---|
| Unit | $M |