ASML Holding N.V. (ASML) — Free Cash Flow Generation Index

Latest as of December 2025: 0.96x

ASML Holding N.V. (ASML) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of €10.96 Billion represents 1% of operating cash flow (€11.41 Billion). See ASML net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

€10.96 Billion
EUR

Operating Cash Flow

€11.41 Billion
EUR

Capital Expenditures

€447.90 Million
EUR

ASML Holding N.V. Free Cash Flow Generation Index (1995–2025)

Historical FCF Generation Index trend for ASML Holding N.V. across 27 annual periods. Explore ASML cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Annual Free Cash Flow Generation for ASML Holding N.V. (1995–2025)

Year-by-year Free Cash Flow Generation Index for ASML Holding N.V.. For the full company profile including market capitalisation, see ASML market cap overview.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.88x €11.08 Billion €12.66 Billion €1.57 Billion ▲ +7.7%
2024 0.81x €9.08 Billion €11.17 Billion €2.08 Billion ▲ +36.4%
2023 0.60x €3.25 Billion €5.44 Billion €2.20 Billion ▼ -29.9%
2022 0.85x €7.22 Billion €8.49 Billion €1.28 Billion ▼ -6.8%
2021 0.91x €9.91 Billion €10.85 Billion €940.30 Million ▲ +16.5%
2020 0.78x €3.63 Billion €4.63 Billion €1.00 Billion ▲ +4.2%
2019 0.75x €2.46 Billion €3.28 Billion €1.19 Billion ▲ +0.8%
2018 0.75x €2.46 Billion €3.30 Billion €838.30 Million ▼ -6.9%
2017 0.80x €1.44 Billion €1.80 Billion €358.00 Million ▼ -0.5%
2016 0.81x €1.34 Billion €1.67 Billion €324.70 Million ▼ -1.3%
2015 0.82x €1.65 Billion €2.03 Billion €372.90 Million ▲ +67.9%
2014 0.49x €667.95 Million €1.37 Billion €706.39 Million ▼ -20.3%
2013 0.61x €842.48 Million €1.38 Billion €538.48 Million ▼ -18.1%
2012 0.74x €524.00 Million €703.50 Million €179.50 Million ▼ -8.7%
2011 0.82x €1.77 Billion €2.17 Billion €398.98 Million ▼ -5.5%
2010 0.86x €811.30 Million €940.00 Million €128.70 Million ▲ +1272.7%
2009 -0.07x €-7.20 Million €97.76 Million €104.96 Million ▼ -198.7%
2008 0.07x €20.99 Million €281.41 Million €260.42 Million ▼ -89.8%
2007 0.73x €491.92 Million €671.35 Million €179.43 Million ▼ -14.0%
2006 0.85x €406.77 Million €477.51 Million €70.74 Million ▼ -5.1%
2005 0.90x €638.35 Million €710.95 Million €72.60 Million ▲ +28.0%
2004 0.70x €176.16 Million €251.08 Million €74.92 Million ▼ -18.4%
2003 0.86x €437.13 Million €508.44 Million €71.32 Million ▲ +197.7%
2000 0.29x €53.45 Million €185.05 Million €131.60 Million ▲ +115.3%
1999 -1.89x €-71.75 Million €38.06 Million €109.81 Million ▼ -2894.4%
1996 0.07x €2.73 Million €40.49 Million €37.76 Million ▼ -82.4%
1995 0.38x €13.73 Million €35.88 Million €22.15 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).