Understand cash generation quality and how management allocates capital.
Free cash flow was $197.16M in the latest quarter (2435.1% increase YoY). FCF margin is 2.9%. Shares outstanding increased by 0.7% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation