Vestas Wind Systems A/S Cash Flow Conversion Efficiency

Latest as of March 2026: -0.074x

Vestas Wind Systems A/S cash flow conversion efficiency. Based on the latest financial reports, Vestas Wind Systems A/S (VWS) has a cash flow conversion efficiency ratio of -0.074x 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 (Dkr-289.00 Million ≈ $-45.22 Million USD) by net assets (Dkr3.92 Billion ≈ $613.31 Million 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 Vestas Wind Systems A/S (2000–2025)

Cash flow conversion efficiency of Vestas Wind Systems A/S from 2000 to 2025. This chart illustrates how Vestas Wind Systems A/S's cash flow conversion efficiency has evolved over time, based on yearly financial data. View VWS live share price for real-time trading data and today's change.

Vestas Wind Systems A/S Cash Flow Conversion Ratio Explained

Vestas Wind Systems A/S 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.

Vestas Wind Systems A/S Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Vestas Wind Systems A/S ranked by their cash flow conversion efficiency. Also see Vestas Wind Systems A/S stock valuation for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Huaneng Lancang River Hydropower Inc Class A SHG:600025	0.071x
HOCHTIEF Aktiengesellschaft F:HOT	0.694x
Fresenius SE & Co. KGaA XETRA:FRE	0.039x
Jentech Precision Industrial Co Ltd TW:3653	0.065x
IMPERIAL BRANDS PLC ADR/1 F:ITBA	N/A
Okta Inc NASDAQ:OKTA	0.034x
Labcorp Holdings Inc. MX:LH	N/A
GE HealthCare Technologies Inc. NASDAQ:GEHC	-0.047x

Annual Cash Flow Conversion Efficiency for Vestas Wind Systems A/S (2000–2025)

The table below shows the annual cash flow conversion efficiency of Vestas Wind Systems A/S from 2000 to 2025. Review Vestas Wind Systems A/S (VWS) 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	Dkr3.88 Billion ≈ $607.21 Million	Dkr2.29 Billion ≈ $357.66 Million	0.589x	-11.03%
2024-12-31	Dkr3.52 Billion ≈ $551.08 Million	Dkr2.33 Billion ≈ $364.86 Million	0.662x	+96.11%
2023-12-31	Dkr3.04 Billion ≈ $475.94 Million	Dkr1.03 Billion ≈ $160.68 Million	0.338x	+629.78%
2022-12-31	Dkr3.06 Billion ≈ $478.76 Million	Dkr-195.00 Million ≈ $-30.51 Million	-0.064x	-130.46%
2021-12-31	Dkr4.76 Billion ≈ $744.89 Million	Dkr996.00 Million ≈ $155.83 Million	0.209x	+32.42%
2020-12-31	Dkr4.70 Billion ≈ $735.82 Million	Dkr743.00 Million ≈ $116.25 Million	0.158x	-35.79%
2019-12-31	Dkr3.35 Billion ≈ $523.35 Million	Dkr823.00 Million ≈ $128.76 Million	0.246x	-25.20%
2018-12-31	Dkr3.10 Billion ≈ $485.64 Million	Dkr1.02 Billion ≈ $159.74 Million	0.329x	-37.01%
2017-12-31	Dkr3.11 Billion ≈ $486.90 Million	Dkr1.62 Billion ≈ $254.24 Million	0.522x	-23.63%
2016-12-31	Dkr3.19 Billion ≈ $499.10 Million	Dkr2.18 Billion ≈ $341.23 Million	0.684x	+34.65%
2015-12-31	Dkr2.90 Billion ≈ $453.57 Million	Dkr1.47 Billion ≈ $230.31 Million	0.508x	+7.28%
2014-12-31	Dkr2.38 Billion ≈ $372.21 Million	Dkr1.13 Billion ≈ $176.17 Million	0.473x	-42.20%
2013-12-31	Dkr1.52 Billion ≈ $238.44 Million	Dkr1.25 Billion ≈ $195.26 Million	0.819x	+1919.52%
2012-12-31	Dkr1.62 Billion ≈ $253.77 Million	Dkr-73.00 Million ≈ $-11.42 Million	-0.045x	-113.80%
2011-12-31	Dkr2.58 Billion ≈ $403.03 Million	Dkr840.00 Million ≈ $131.42 Million	0.326x	+1503.65%
2010-12-31	Dkr2.75 Billion ≈ $430.88 Million	Dkr56.00 Million ≈ $8.76 Million	0.020x	+301.19%
2009-12-31	Dkr3.36 Billion ≈ $526.32 Million	Dkr-34.00 Million ≈ $-5.32 Million	-0.010x	-107.13%
2008-12-31	Dkr1.96 Billion ≈ $305.87 Million	Dkr277.00 Million ≈ $43.34 Million	0.142x	-69.36%
2007-12-31	Dkr1.52 Billion ≈ $237.19 Million	Dkr701.00 Million ≈ $109.68 Million	0.462x	-2.33%
2006-12-31	Dkr1.26 Billion ≈ $197.45 Million	Dkr597.50 Million ≈ $93.48 Million	0.473x	+207.89%
2005-12-31	Dkr961.80 Million ≈ $150.48 Million	Dkr147.90 Million ≈ $23.14 Million	0.154x	+745.39%
2004-12-31	Dkr1.25 Billion ≈ $195.68 Million	Dkr-29.80 Million ≈ $-4.66 Million	-0.024x	-109.28%
2003-12-31	Dkr596.10 Million ≈ $93.26 Million	Dkr153.10 Million ≈ $23.95 Million	0.257x	+225.01%
2002-12-31	Dkr613.30 Million ≈ $95.96 Million	Dkr-126.00 Million ≈ $-19.71 Million	-0.205x	-2818.21%
2000-12-31	Dkr1.60 Billion ≈ $250.08 Million	Dkr12.08 Million ≈ $1.89 Million	0.008x	--

About Vestas Wind Systems A/S

CO:VWS Denmark Specialty Industrial Machinery

Market Cap

$29.13 Billion

Dkr186.19 Billion DKK

Market Cap Rank

#904 Global

#7 in Denmark

Share Price

Dkr189.25

Change (1 day)

-1.59%

52-Week Range

Dkr130.70 - Dkr219.10

All Time High

Dkr311.05