Yes. Apparently the Germans measure it in cubic-meters per hour. Something I just found out this evening.
I've got rid of 80mm fans entirely. The ones that move up to 75 CFM are too noisy, and the ones that have low dBA values move an anemic amount of air.
The Panaflo's we discussed here in the last week or two -- both the 120mm and 92mm, I think -- move an adequate amount of air with low noise. the 120 is worth between 86 and 89 CFM, as I recollect.
But there are several varieties of fans to choose from, and the trade-offs between CFM and dBA are a matter of personal preference and how you intend to deploy them. I said earlier that a very important consideration would also be MTBF -- mean time between failures, or life-expectancy, in hours. 100,000 hours is a very reliable value, and some fans are rated as low as 30,000.