Yes — DaVinci Resolve has a free version that supports pretty powerful color grading tools. MakeUseOf+1
However, there are some limitations compared to the paid “Studio” version:
- Advanced HDR grading / HDR scopes are limited / unavailable in free. CineD+1
- Noise reduction (spatial / temporal) is only in Studio. Retouching Labs
- Certain AI-powered features (like Magic Mask) are Studio-only. MakeUseOf+1
- GPU usage is more limited in free (only single GPU). Retouching Labs
Bottom line: Yes, you can do very professional-grade color correction / grading with the free version. But if you need more advanced / high-end features, then Studio is worth considering.