Heineken Free Cash Flow Generation Index

Latest as of June 2026: 0.60x

Heineken free cash flow generation index. 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). Check Heineken liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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

Free Cash Flow Generation Index of Heineken (1999–2025)

Free cash flow generation index of Heineken from 1999 to 2025. Historical FCF Generation Index trend for Heineken across 27 annual periods. Explore HEIA capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Heineken Free Cash Flow Generation Index by Year (1999–2025)

Heineken free cash flow generation index by year from 1999 to 2025. Year-by-year Free Cash Flow Generation Index for Heineken. For the full cash flow conversion analysis, see HEIA cash generation efficiency.

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).