FCF is not great for tech companies because SBC (stock based compensation), of which these companies do a huge amount of, tends to be backed out. When a tech e

FCF is not great for tech companies because SBC (stock based compensation), of which these companies do a huge amount of, tends to be backed out. When a tech employee receives shares, it dilutes other shareholders. This is not "free" money to be ignored just because it doesn't take cash to pay it