I find the chart suspect.
Look at TWLO, R40 score of 28.
I know TWLO grew around 60% last year and was FCF positive the last 2 quarters. I would expect TWLO to be 60 or higher for R40 score.
The chart is only as good as the data going in.
Jim
That particular item does look questionable, though the first 2 quarters may have had negative FCF margin and weren’t quite at 60%, still seems like TWLO should be higher on that chart though.
volfan84