Galapagos N.V. (GLPG) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.024x

Based on the latest financial reports, Galapagos N.V. (GLPG) has a cash flow conversion efficiency ratio of -0.024x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€-78.61 Million ≈ $-91.91 Million USD) by net assets (€3.25 Billion ≈ $3.80 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of Galapagos N.V. to measure how much of total assets are equity-financed.

Galapagos N.V. - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how Galapagos N.V.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Galapagos N.V. (GLPG) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Galapagos N.V. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Galapagos N.V. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Southern Publishing&Media Co SHG:601900	0.007x
Pci-Suntek Technology Co Ltd SHG:600728	0.008x
Goosehead Insurance Inc NASDAQ:GSHD	-0.112x
China Publishing & Media Hldg SHG:601949	0.023x
Fangda Special Steel Technology Co Ltd SHG:600507	0.015x
China Railway Construction Corporation Limited F:4FF	0.045x
Jinan Acetate Chemical Co Ltd TW:4763	0.051x
Molymet SN:MOLYMET	0.325x

Annual Cash Flow Conversion Efficiency for Galapagos N.V. (2004–2025)

The table below shows the annual cash flow conversion efficiency of Galapagos N.V. from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see GLPG market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€3.24 Billion ≈ $3.78 Billion	€-197.01 Million ≈ $-230.32 Million	-0.061x	+44.89%
2024-12-31	€2.90 Billion ≈ $3.39 Billion	€-320.03 Million ≈ $-374.14 Million	-0.110x	+23.93%
2023-12-31	€2.80 Billion ≈ $3.27 Billion	€-405.97 Million ≈ $-474.62 Million	-0.145x	+26.71%
2022-12-31	€2.53 Billion ≈ $2.95 Billion	€-500.54 Million ≈ $-585.19 Million	-0.198x	-3.96%
2021-12-31	€2.64 Billion ≈ $3.09 Billion	€-503.83 Million ≈ $-589.03 Million	-0.191x	-19.10%
2020-12-31	€2.67 Billion ≈ $3.12 Billion	€-427.34 Million ≈ $-499.60 Million	-0.160x	-114.34%
2019-12-31	€2.88 Billion ≈ $3.36 Billion	€3.21 Billion ≈ $3.75 Billion	1.116x	+1050.99%
2018-12-31	€1.21 Billion ≈ $1.42 Billion	€-142.47 Million ≈ $-166.56 Million	-0.117x	+19.24%
2017-12-31	€1.01 Billion ≈ $1.18 Billion	€-147.03 Million ≈ $-171.89 Million	-0.145x	-146.04%
2016-12-31	€758.70 Million ≈ $887.00 Million	€239.40 Million ≈ $279.89 Million	0.316x	+200.51%
2015-12-31	€365.00 Million ≈ $426.72 Million	€-114.59 Million ≈ $-133.97 Million	-0.314x	+14.35%
2014-12-31	€206.13 Million ≈ $240.99 Million	€-75.56 Million ≈ $-88.33 Million	-0.367x	-11835.82%
2013-12-31	€167.14 Million ≈ $195.40 Million	€522.00K ≈ $610.27K	0.003x	-99.42%
2012-12-31	€118.45 Million ≈ $138.48 Million	€64.10 Million ≈ $74.94 Million	0.541x	+634.28%
2011-12-31	€118.38 Million ≈ $138.39 Million	€-11.99 Million ≈ $-14.02 Million	-0.101x	+19.01%
2010-12-31	€148.51 Million ≈ $173.62 Million	€-18.57 Million ≈ $-21.71 Million	-0.125x	-316.03%
2009-12-31	€108.88 Million ≈ $127.29 Million	€6.30 Million ≈ $7.37 Million	0.058x	+159.47%
2008-12-31	€84.32 Million ≈ $98.58 Million	€-8.21 Million ≈ $-9.60 Million	-0.097x	-2687.95%
2007-12-31	€98.63 Million ≈ $115.30 Million	€371.00K ≈ $433.74K	0.004x	+104.43%
2006-12-31	€109.54 Million ≈ $128.07 Million	€-9.31 Million ≈ $-10.88 Million	-0.085x	-33.68%
2005-12-31	€61.14 Million ≈ $71.47 Million	€-3.89 Million ≈ $-4.54 Million	-0.064x	+75.68%
2004-12-31	€10.37 Million ≈ $12.12 Million	€-2.71 Million ≈ $-3.17 Million	-0.261x	--

About Galapagos N.V.

AS:GLPG Netherlands Biotechnology

Market Cap

$2.07 Billion

€1.77 Billion EUR

Market Cap Rank

#6981 Global

#48 in Netherlands

Share Price

€26.90

Change (1 day)

+4.67%

52-Week Range

€23.40 - €31.84

All Time High

€249.50