Heineken Holding NV Free Cash Flow Generation Index

Latest as of December 2025: 0.75x

Heineken Holding NV free cash flow generation index. Heineken Holding NV (HEIO) has a Free Cash Flow Generation Index of 0.75x as of December 2025. Free cash flow of €2.48 Billion represents 1% of operating cash flow (€3.32 Billion).

FCF Generation Index

0.75x
Free Cash Flow / Operating CF

Free Cash Flow

€2.48 Billion
EUR

Operating Cash Flow

€3.32 Billion
EUR

Capital Expenditures

€839.00 Million
EUR

Free Cash Flow Generation Index of Heineken Holding NV (2000–2025)

Free cash flow generation index of Heineken Holding NV from 2000 to 2025. Historical FCF Generation Index trend for Heineken Holding NV across 26 annual periods. See Heineken Holding NV free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.

Heineken Holding NV Free Cash Flow Generation Index by Year (2000–2025)

Heineken Holding NV free cash flow generation index by year from 2000 to 2025. Year-by-year Free Cash Flow Generation Index for Heineken Holding NV. For the full cash flow conversion analysis, see Heineken Holding NV cash conversion from operations.

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 ▼ -5.7%
2024 0.55x €3.04 Billion €5.50 Billion €2.46 Billion ▲ +39.5%
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 ▼ -3.0%
2018 0.53x €2.33 Billion €4.39 Billion €2.06 Billion ▲ +0.7%
2017 0.53x €2.05 Billion €3.88 Billion €1.83 Billion ▲ +6.0%
2016 0.50x €1.85 Billion €3.72 Billion €1.87 Billion ▼ -1.2%
2015 0.50x €1.76 Billion €3.49 Billion €1.73 Billion ▲ +2.3%
2014 0.49x €1.51 Billion €3.06 Billion €1.55 Billion ▼ -2.2%
2013 0.50x €1.47 Billion €2.91 Billion €1.45 Billion ▼ -6.2%
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 ▼ -7.9%
2004 0.58x €933.00 Million €1.61 Billion €678.00 Million ▼ -57.8%
2003 1.37x €2.25 Billion €1.64 Billion €611.00 Million ▼ -13.5%
2002 1.59x €1.88 Billion €1.18 Billion €696.00 Million ▲ +6.1%
2001 1.50x €1.74 Billion €1.17 Billion €579.00 Million ▲ +6.6%
2000 1.40x €1.45 Billion €1.03 Billion €418.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).