The highest (Free cash flow − stock comp) over revenue

(Free cash flow − stock comp) over revenue

Ranked from the filings of the companies this site has read, under . 50 of them report a figure for this; the rest are absent rather than ranked last, because a filing that does not carry a number is not a company that scores badly on it.

#CompanyOE margin
1 INTERACTIVE BROKERS GROUP, INC. IBKR 230.09%
2 XP Inc. XP 141.24%
3 BARCLAYS PLC BCS 132.06%
4 Pershing Square Inc. PS 101.47%
5 AMERICA MOVIL SAB DE CV/ AMX 99.12%
6 Bank of Chile BCH 97.53%
7 OR ROYALTIES INC. OR 85.52%
8 ROYAL BANK OF CANADA RY 77.97%
9 BofA Finance LLC BAC 74.82%
10 ANTERO MIDSTREAM CORPORATION AM 74.41%
11 CREDICORP LTD BAP 71.00%
12 F&G Annuities & Life, Inc. FG 70.89%
13 ZEALAND PHARMA A/S ZEAL.CO 70.52%
14 Koninklijke Vopak N.V. VPK.AS 69.30%
15 REALTY INCOME CORPORATION O 68.19%
16 PERMIAN RESOURCES CORPORATION PR 68.16%
17 Apollo Commercial Real Estate Finance, Inc. ARI 67.16%
18 AGREE REALTY CORPORATION ADC 66.71%
19 QUILTER PLC QLT.L 66.13%
20 Gubra A/S GUBRA.CO 64.29%
21 AppLovin Corporation APP 62.16%
22 AerCap Holdings N.V. AER 61.37%
23 CME GROUP INC. CME 60.73%
24 TARGET HOSPITALITY CORP. TH 56.78%
25 FIRST INDUSTRIAL REALTY TRUST, INC. FR 56.32%
26 Enact Holdings, Inc. ACT 55.85%
27 Prologis, Inc. PLD 55.24%
28 BREAD FINANCIAL HOLDINGS, INC. BFH 53.93%
29 LOEWS CORP L 53.16%
30 BROOKFIELD ASSET MANAGEMENT LTD. BAM 53.03%
31 AVALONBAY COMMUNITIES, INC. AVB 53.02%
32 SM ENERGY CO SM 51.45%
33 SOUTHEAST AIRPORT GROUP ASR 49.70%
34 GAUMONT GAM.PA 49.27%
35 AB "KN Energies" XIC.F 49.17%
36 CMB.TECH CMBT.BR 48.82%
37 SHAFTESBURY CAPITAL PLC SHC.L 48.72%
38 American Integrity Insurance Group, Inc. AII 48.36%
39 CPI Europe AG AT0000A3A972.VI 47.91%
40 VISA INC. V 47.10%
41 LandBridge Company LLC LB 46.96%
42 Tradeweb Markets Inc. TW 46.93%
43 Regional Management Corp. RM 46.77%
44 NEXTERA ENERGY INC NEE 46.71%
45 AIRCASTLE LIMITED AYR 46.44%
46 ARGAN INC AGX 45.89%
47 Mastercard Incorporated MA 45.85%
48 MID-AMERICA APARTMENT COMMUNITIES, INC. MAA 45.80%
49 CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ CM 45.65%
50 AFFILIATED MANAGERS GROUP, INC. AMG 44.51%

How this measure is worked out

(Operating cash flow − capital expenditure − share-based compensation) ÷ revenue × 100

Operating cash flow is the cash actually collected from running the business. Capital expenditure is cash spent on the equipment and property it needs. What is left is cash an owner could take out. Stock pay is deducted here because the cash flow statement adds it back as though it were free.

35% earns a 10

More about OE margin, and the XBRL tags behind it

What this ranking is not

It is not advice, and a high place is not a recommendation. A company can lead on one measure and fail on every other; that is the reason this site scores five dimensions rather than one and lets you weigh them yourself.

It also ranks only what has been read. A company whose filings are not in this database cannot appear here however well it would have done, and a company whose filing does not tag this figure is absent rather than last.

Worked out on 2026-08-24.

Every other measure ranked · All 61 measures explained