Number crunching on a paper napkin I've looked at the last couple years of financials and the current twelve trailing months to see how things are progressing. Keep in mind that the company is in its early stages of a turnaround with significant synergies ahead. As the company deleverages, trims overhead costs, I expect these cash flows to increase in the years ahead. Free cash flow is currently ~ 43% of adjusted ebitda compared to ~ 56% and ~ 35% in fiscal 2022 and 2021 respectively.
ttm = twelve trailing months
fcf = free cash flow before changes in non cash working capital
Adjusted ebitda Fcf
ttm $48,232k $20,608k
2022 $38,254k $21,414k
2021 $33,286k $11,679k