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Free Cash Flow to Firm (FCFF) Calculator

FCFF = NI + D&A + Int·(1 − τ) − ΔWC − CapEx.

Compute the unlevered free cash flow available to all capital providers (debt and equity) of a firm: FCFF = Net income + Depreciation/amortisation + Interest expense × (1 − tax rate) − Change in working capital − Capital expenditures. Used in DCF valuation discounted at WACC.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

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Results

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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

FCFF = NI + D&A + Int(1 − τ) − ΔWC − CapEx.

In depth

Compute the unlevered free cash flow available to all capital providers (debt and equity) of a firm: FCFF = Net income + Depreciation/amortisation + Interest expense × (1 − tax rate) − Change in working capital − Capital expenditures. Used in DCF valuation discounted at WACC.