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 Galapagos N.V. (GLPG) defensive interval to measure how many days the company can operate on defensive assets alone.

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.

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
Taiji Computer Corp Ltd SHE:002368	0.046x
Inner Mongolia Furui Med Sci SHE:300049	0.056x
Realia MC:RLIA	0.038x
Kepco Plant S& KO:051600	0.008x
Renew Energy Global PLC NASDAQ:RNW	-0.012x
China Railway Construction Corporation Limited F:4FF	0.045x
Jiangsu Jujie Microfiber Technology SHE:300819	0.079x
Friedrich Vorwerk Group SE F:VH2	0.147x

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 Galapagos N.V. market cap and net worth.

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

$1.92 Billion

€1.64 Billion EUR

Market Cap Rank

#7230 Global

#48 in Netherlands

Share Price

€24.94

Change (1 day)

+2.21%

52-Week Range

€23.34 - €31.84

All Time High

€249.50