Heineken (HEIA) — Free Cash Flow Generation Index
Latest as of June 2026:
0.60x
Heineken (HEIA) has a Free Cash Flow Generation Index of 0.60x as of June 2026. Free cash flow of €1.48 Billion represents 1% of operating cash flow (€2.48 Billion). Explore HEIA capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.60x
Free Cash Flow / Operating CF
Free Cash Flow
€1.48 Billion
EUR
Operating Cash Flow
€2.48 Billion
EUR
Capital Expenditures
€1.00 Billion
EUR
Heineken Free Cash Flow Generation Index (1999–2025)
Historical FCF Generation Index trend for Heineken across 27 annual periods. For the full cash flow conversion analysis, see Heineken (HEIA) cash conversion ratio.
Annual Free Cash Flow Generation for Heineken (1999–2025)
Year-by-year Free Cash Flow Generation Index for Heineken. Check total reinvestment intensity of Heineken to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.52x | €2.61 Billion | €5.01 Billion | €2.40 Billion | ▼ -13.7% |
| 2024 | 0.60x | €3.32 Billion | €5.50 Billion | €2.18 Billion | ▲ +52.4% |
| 2023 | 0.40x | €1.75 Billion | €4.43 Billion | €2.68 Billion | ▼ -28.4% |
| 2022 | 0.55x | €2.48 Billion | €4.50 Billion | €2.01 Billion | ▼ -10.6% |
| 2021 | 0.62x | €2.58 Billion | €4.18 Billion | €1.60 Billion | ▲ +29.6% |
| 2020 | 0.48x | €1.50 Billion | €3.14 Billion | €1.64 Billion | ▼ -7.5% |
| 2019 | 0.52x | €2.24 Billion | €4.34 Billion | €2.10 Billion | ▼ -9.5% |
| 2018 | 0.57x | €2.50 Billion | €4.39 Billion | €1.89 Billion | ▲ +1.2% |
| 2017 | 0.56x | €2.19 Billion | €3.88 Billion | €1.70 Billion | ▲ +6.8% |
| 2016 | 0.53x | €1.96 Billion | €3.72 Billion | €1.76 Billion | ▼ -0.6% |
| 2015 | 0.53x | €1.85 Billion | €3.49 Billion | €1.64 Billion | ▲ +3.7% |
| 2014 | 0.51x | €1.56 Billion | €3.06 Billion | €1.49 Billion | ▼ -3.5% |
| 2013 | 0.53x | €1.54 Billion | €2.91 Billion | €1.37 Billion | ▼ -1.3% |
| 2012 | 0.54x | €1.45 Billion | €2.69 Billion | €1.25 Billion | ▼ -23.9% |
| 2011 | 0.71x | €2.06 Billion | €2.91 Billion | €856.00 Million | ▼ -4.0% |
| 2010 | 0.74x | €1.95 Billion | €2.66 Billion | €704.00 Million | ▲ +9.2% |
| 2009 | 0.67x | €1.60 Billion | €2.38 Billion | €777.00 Million | ▲ +179.5% |
| 2008 | 0.24x | €400.00 Million | €1.66 Billion | €1.26 Billion | ▼ -28.7% |
| 2007 | 0.34x | €585.00 Million | €1.73 Billion | €1.15 Billion | ▼ -35.7% |
| 2006 | 0.53x | €972.00 Million | €1.85 Billion | €877.00 Million | ▼ -1.4% |
| 2005 | 0.53x | €998.00 Million | €1.87 Billion | €874.00 Million | ▲ +9.8% |
| 2004 | 0.49x | €620.00 Million | €1.28 Billion | €657.00 Million | ▼ -20.5% |
| 2003 | 0.61x | €1.00 Billion | €1.64 Billion | €637.00 Million | ▲ +59.7% |
| 2002 | 0.38x | €453.00 Million | €1.18 Billion | €731.00 Million | ▼ -21.7% |
| 2001 | 0.49x | €569.00 Million | €1.17 Billion | €596.00 Million | ▼ -18.1% |
| 2000 | 0.60x | €617.00 Million | €1.03 Billion | €418.00 Million | ▲ +12.7% |
| 1999 | 0.53x | €495.00 Million | €936.00 Million | €441.00 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).