cash-flow term

Free Cash Flow

Cash left after a business funds day-to-day operations and capital expenditures.

Category

cash-flow

Applies to

Companies, Sectors

Related sectors

6

Linked companies

15

Why it matters

Investor context

It highlights whether a company can self-fund growth, reduce debt, repurchase shares, or sustain dividends.

Formula

Calculation pattern

operating cash flow − capital expenditures

Sector context

Sectors where this term is common

Issuer examples

Companies using this lens

Alphabet Inc.

Companies

View

A global internet platform company spanning search, advertising, cloud, YouTube, and frontier bets, with strong operating leverage across digital ecosystems.

Apple Inc.

Companies

View

A global consumer-technology company spanning hardware, software, services, and wearables, with one of the strongest cash-flow profiles in public markets.

Barrick Gold Corporation

Companies

View

A global gold and copper producer whose investment case is closely linked to realized prices, production discipline, and free cash generation.

Honeywell International Inc.

Companies

View

A diversified industrial and automation company with significant exposure to aerospace, building technologies, materials, and productivity solutions.

Infosys Limited

Companies

View

A global IT services and consulting company with meaningful exposure to enterprise modernization, outsourcing, and digital transformation spending.

LVMH Moët Hennessy Louis Vuitton

Companies

View

The world’s largest luxury goods group, spanning fashion, leather goods, jewelry, cosmetics, wines, and spirits.

Microsoft Corporation

Companies

View

A diversified software and cloud platform leader with durable enterprise franchises, large recurring revenue streams, and significant AI infrastructure leverage.

Reliance Industries Limited

Companies

View

A sprawling Indian conglomerate spanning refining, petrochemicals, retail, telecom, and digital services.

Rio Tinto plc

Companies

View

A diversified mining major with exposure to iron ore, aluminum, copper, and other bulk commodities critical to global industrial demand.

Shell plc

Companies

View

A global energy major spanning upstream, LNG, refining, chemicals, trading, and power-transition investments.

Shopify Inc.

Companies

View

A commerce software platform powering online storefronts, merchant services, and multi-channel retail infrastructure.

SoftBank Group Corp.

Companies

View

A telecom and investment holding group with meaningful exposure to internet, AI, and portfolio valuation narratives.

Tencent Holdings Limited

Companies

View

A major internet platform with exposure to social media, gaming, fintech, cloud, and digital content ecosystems.

TotalEnergies SE

Companies

View

A global integrated energy company combining oil, gas, LNG, trading, and a growing low-carbon power portfolio.

Toyota Motor Corporation

Companies

View

A global automotive leader with scale advantages in manufacturing, hybrids, and balance-sheet resilience across industry cycles.

Market context

Markets where this concept shows up

Benchmark context

Indices where the concept matters