The money that actually arrives in the till from the ongoing business — before anything is invested. Not the profit on paper, but what really comes in.
MoatLens tip: The gap to reported profit often tells the more interesting story. Profit exists as soon as an invoice is written; cash only moves when the customer pays. If the two drift apart for years, it may be slow payers, full warehouses, or generous accounting. When operating cash flow lags profit persistently, treat it as a warning.
In MoatLens this explanation sits right next to the number — one tap away. And you see the ten-year trend instead of a single value.
