Free Cash Flow Calculator

Calculate free cash flow for business analysis.

Free Cash Flow Calculator

$

Cash generated from core business operations

$

Investments in property, plant, and equipment

$

Positive for increase, negative for decrease in working capital

Results

Free Cash Flow

FCF Margin

Operating CF

CapEx Ratio

Calculation Breakdown

Operating Cash Flow
Less: Capital Expenditures
Less: Working Capital Change
Free Cash Flow

Analysis & Insights

Investment Analysis

Growth Capacity

Formula & Education

Basic Formula

Free Cash Flow = Operating Cash Flow - Capital Expenditures
Or with working capital:
FCF = Operating CF - CapEx - Δ Working Capital

Key Ratios

FCF Margin: Free Cash Flow ÷ Operating Cash Flow × 100
CapEx Ratio: Capital Expenditures ÷ Operating Cash Flow × 100

What Free Cash Flow Means

Positive FCF: Company generates more cash than it spends on operations and investments, indicating financial health.

Negative FCF: May indicate heavy investment period or operational challenges. Context matters.

FCF Margin: Higher margins indicate efficient cash generation relative to operations.

Uses: Debt repayment, dividends, share buybacks, acquisitions, or building cash reserves.

Industry Benchmarks

• Technology: 15-25% FCF margin
• Manufacturing: 5-15% FCF margin
• Utilities: 10-20% FCF margin
• Retail: 3-8% FCF margin

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