According to @QCompounding, free cash flow is calculated as Operating Cash Flow minus Capital Expenditures, and operating cash flow measures business cash inflows, source: @QCompounding on X, Aug 28, 2025. Traders can pull operating cash flow and CAPEX directly from the cash flow statement in 10-K/10-Q filings to compute FCF for stock screening and comparables, source: U.S. Securities and Exchange Commission, A Beginner’s Guide to Financial Statements. FCF is a core input for discounted cash flow valuation and for assessing buyback or debt-repayment capacity that can influence pricing of equities including crypto-exposed companies, source: CFA Institute, Free Cash Flow Valuation.