So what has caused these companies to generate so much free cash flow, and so consistently, over such a long period of time? Companies that experience rising FCF generally do it through consistent growth in sales, continuous improvement in profitability and productivity, and reduction of debt. These factors also explain why these companies have been able to earn high FCF year after year. Their managements have focused on having high profit businesses more than mindless pursuit of higher market shares. They have not made undue expansions, and have not resorted to unnecessary borrowings. Overall, these companies have been prudent in the way they have grown, and have not sacrificed shareholders' interests along the way. This is what great companies are made up of. And such are the companies investors love to invest in, though only at the right price. Disclaimer:The author of this post, or any of his family members, does not own any stocks mentioned herein. The opinions in this post are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies is not an indicator of the future. The information in this post is believed to be accurate, but under no circumstances should a person act upon the information contained within. I do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation. The author is Vishal Khandelwal, promoter of Safal Niveshak. Vishal, with his vast experience as a stock market analyst trains people to become sensible and successful investors. You can read his articles and reach him through https://www.safalniveshak.com/>