Value the Stock

FCF vs OCF: Free Cash Flow vs. Operating Cash Flow Explained

Free cash flow vs. operating cash flow explained — what each measures, why FCF matters for valuation, and how to value the real cash a business generates.

Operating cash flow (OCF)

Free cash flow (FCF)

Free cash flow yield

Projecting value from cash flow

Cash flow as a quality check

OCF vs. FCF: common questions

Try it on a stock: Apple Inc. (AAPL) · MICROSOFT CORP (MSFT) · Alphabet Inc. (GOOGL) · NVIDIA CORP (NVDA) · AMAZON COM INC (AMZN) · Tesla, Inc. (TSLA) · Meta Platforms, Inc. (META)

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