Heineken Cash Flow Conversion Efficiency
Heineken cash flow conversion efficiency. Based on the latest financial reports, Heineken (HEIA) has a cash flow conversion efficiency ratio of 0.114x as of June 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 (€2.48 Billion ≈ $2.90 Billion USD) by net assets (€21.71 Billion ≈ $25.38 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Heineken (1999–2025)
Cash flow conversion efficiency of Heineken from 1999 to 2025. This chart illustrates how Heineken's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Heineken (HEIA) stock price for real-time trading data and today's change.
Heineken Cash Flow Conversion Ratio Explained
Heineken cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Heineken Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Heineken ranked by their cash flow conversion efficiency. Also see Heineken stock valuation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Chunghwa Telecom Co
TW:2412
|
0.081x |
|
UltraTech Cement Limited
NSE:ULTRACEMCO
|
0.073x |
|
Fiserv Inc.
NASDAQ:FISV
|
0.081x |
|
Take-Two Interactive Software Inc
NASDAQ:TTWO
|
-0.047x |
|
Holcim AG
SW:HOLN
|
0.034x |
|
Comfort Systems USA Inc
NYSE:FIX
|
0.354x |
|
ERSTE GP BNK AG ADR 1/2
F:EBOR
|
0.070x |
|
EQT AB (publ)
ST:EQT
|
0.035x |
Annual Cash Flow Conversion Efficiency for Heineken (1999–2025)
The table below shows the annual cash flow conversion efficiency of Heineken from 1999 to 2025. Review HEIA FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | €20.61 Billion ≈ $24.10 Billion |
€5.01 Billion ≈ $5.86 Billion |
0.243x | -1.02% |
| 2024-12-31 | €22.40 Billion ≈ $26.19 Billion |
€5.50 Billion ≈ $6.43 Billion |
0.246x | +26.37% |
| 2023-12-31 | €22.79 Billion ≈ $26.64 Billion |
€4.43 Billion ≈ $5.18 Billion |
0.194x | -5.23% |
| 2022-12-31 | €21.92 Billion ≈ $25.63 Billion |
€4.50 Billion ≈ $5.26 Billion |
0.205x | -3.36% |
| 2021-12-31 | €19.70 Billion ≈ $23.03 Billion |
€4.18 Billion ≈ $4.89 Billion |
0.212x | -2.60% |
| 2020-12-31 | €14.39 Billion ≈ $16.83 Billion |
€3.14 Billion ≈ $3.67 Billion |
0.218x | -13.03% |
| 2019-12-31 | €17.31 Billion ≈ $20.24 Billion |
€4.34 Billion ≈ $5.07 Billion |
0.251x | -10.31% |
| 2018-12-31 | €15.71 Billion ≈ $18.36 Billion |
€4.39 Billion ≈ $5.13 Billion |
0.279x | +4.49% |
| 2017-12-31 | €14.52 Billion ≈ $16.98 Billion |
€3.88 Billion ≈ $4.54 Billion |
0.267x | +4.78% |
| 2016-12-31 | €14.57 Billion ≈ $17.04 Billion |
€3.72 Billion ≈ $4.35 Billion |
0.255x | +10.20% |
| 2015-12-31 | €15.07 Billion ≈ $17.62 Billion |
€3.49 Billion ≈ $4.08 Billion |
0.232x | +1.84% |
| 2014-12-31 | €13.45 Billion ≈ $15.73 Billion |
€3.06 Billion ≈ $3.58 Billion |
0.227x | -3.61% |
| 2013-12-31 | €12.36 Billion ≈ $14.45 Billion |
€2.91 Billion ≈ $3.41 Billion |
0.236x | +11.68% |
| 2012-12-31 | €12.76 Billion ≈ $14.92 Billion |
€2.69 Billion ≈ $3.15 Billion |
0.211x | -26.79% |
| 2011-12-31 | €10.09 Billion ≈ $11.80 Billion |
€2.91 Billion ≈ $3.40 Billion |
0.288x | +14.17% |
| 2010-12-31 | €10.52 Billion ≈ $12.30 Billion |
€2.66 Billion ≈ $3.11 Billion |
0.253x | -40.03% |
| 2009-12-31 | €5.65 Billion ≈ $6.60 Billion |
€2.38 Billion ≈ $2.78 Billion |
0.421x | +20.60% |
| 2008-12-31 | €4.75 Billion ≈ $5.56 Billion |
€1.66 Billion ≈ $1.94 Billion |
0.349x | +20.06% |
| 2007-12-31 | €5.95 Billion ≈ $6.95 Billion |
€1.73 Billion ≈ $2.02 Billion |
0.291x | -13.14% |
| 2006-12-31 | €5.52 Billion ≈ $6.45 Billion |
€1.85 Billion ≈ $2.16 Billion |
0.335x | -19.23% |
| 2005-12-31 | €4.51 Billion ≈ $5.28 Billion |
€1.87 Billion ≈ $2.19 Billion |
0.415x | +25.42% |
| 2004-12-31 | €3.86 Billion ≈ $4.52 Billion |
€1.28 Billion ≈ $1.49 Billion |
0.331x | -21.24% |
| 2003-12-31 | €3.90 Billion ≈ $4.56 Billion |
€1.64 Billion ≈ $1.91 Billion |
0.420x | +4.11% |
| 2002-12-31 | €2.94 Billion ≈ $3.43 Billion |
€1.18 Billion ≈ $1.38 Billion |
0.403x | +8.66% |
| 2001-12-31 | €3.14 Billion ≈ $3.67 Billion |
€1.17 Billion ≈ $1.36 Billion |
0.371x | -9.64% |
| 2000-12-31 | €2.52 Billion ≈ $2.95 Billion |
€1.03 Billion ≈ $1.21 Billion |
0.411x | +25.76% |
| 1999-12-31 | €2.87 Billion ≈ $3.35 Billion |
€936.00 Million ≈ $1.09 Billion |
0.327x | -- |
About Heineken
Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It sells its products under the Heineken, Heineken 0.0, Heineken Silver, Amstel, Moretti, Tiger, Desperados, Edelweiss, Lagunitas, Orchard Thieves, Windhoek, Dos Equis, Red Stripe, Kingfisher, Bintang, Gosser, Affligem, Mort Subite, Strongbow,… Read more