Santos Ltd (STO) — Free Cash Flow Generation Index
Santos Ltd (STO) has a Free Cash Flow Generation Index of 0.17x as of December 2025. Free cash flow of AU$190.61 Million represents 0% of operating cash flow (AU$1.12 Billion). See how liquid is Santos Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Santos Ltd Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Santos Ltd across 35 annual periods. Explore how well can Santos Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Santos Ltd (1991–2025)
Year-by-year Free Cash Flow Generation Index for Santos Ltd. For the full company profile including market capitalisation, see how much is Santos Ltd worth.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.24x | AU$642.66 Million | AU$2.65 Billion | AU$2.00 Billion | ▲ +54.2% |
| 2024 | 0.16x | AU$449.00 Million | AU$2.85 Billion | AU$2.40 Billion | ▼ -42.3% |
| 2023 | 0.27x | AU$889.00 Million | AU$3.26 Billion | AU$2.37 Billion | ▼ -51.1% |
| 2022 | 0.56x | AU$2.15 Billion | AU$3.86 Billion | AU$1.71 Billion | ▲ +8.4% |
| 2021 | 0.51x | AU$1.17 Billion | AU$2.27 Billion | AU$1.10 Billion | ▼ -41.1% |
| 2020 | 0.87x | AU$1.29 Billion | AU$1.48 Billion | AU$186.00 Million | ▲ +0.0% |
| 2019 | 0.87x | AU$1.79 Billion | AU$2.05 Billion | AU$258.00 Million | ▼ -9.5% |
| 2018 | 0.97x | AU$2.16 Billion | AU$2.24 Billion | AU$76.00 Million | ▲ +190.2% |
| 2017 | 0.33x | AU$340.77 Million | AU$1.02 Billion | AU$683.00 Million | ▼ -32.2% |
| 2016 | 0.49x | AU$643.41 Million | AU$1.31 Billion | AU$667.00 Million | ▲ +178.6% |
| 2015 | -0.62x | AU$-561.70 Million | AU$899.59 Million | AU$1.46 Billion | ▲ +22.2% |
| 2014 | -0.80x | AU$-1.23 Billion | AU$1.53 Billion | AU$2.76 Billion | ▲ +58.5% |
| 2013 | -1.93x | AU$-2.49 Billion | AU$1.29 Billion | AU$3.78 Billion | ▼ -136.2% |
| 2012 | -0.82x | AU$-1.45 Billion | AU$1.77 Billion | AU$3.22 Billion | ▼ -16.9% |
| 2011 | -0.70x | AU$-912.39 Million | AU$1.30 Billion | AU$2.21 Billion | ▼ -86.1% |
| 2010 | -0.38x | AU$-472.19 Million | AU$1.25 Billion | AU$1.73 Billion | ▲ +4.2% |
| 2009 | -0.39x | AU$-434.98 Million | AU$1.11 Billion | AU$1.54 Billion | ▼ -267.0% |
| 2008 | 0.24x | AU$337.93 Million | AU$1.44 Billion | AU$1.10 Billion | ▲ +355.8% |
| 2007 | -0.09x | AU$-97.88 Million | AU$1.06 Billion | AU$1.16 Billion | ▼ -151.4% |
| 2006 | 0.18x | AU$217.55 Million | AU$1.22 Billion | AU$999.21 Million | ▼ -38.1% |
| 2005 | 0.29x | AU$316.32 Million | AU$1.10 Billion | AU$778.79 Million | ▲ +186.5% |
| 2004 | -0.33x | AU$-158.89 Million | AU$475.77 Million | AU$634.66 Million | ▼ -304.9% |
| 2003 | 0.16x | AU$111.11 Million | AU$681.77 Million | AU$570.66 Million | ▲ +18.5% |
| 2002 | 0.14x | AU$62.01 Million | AU$450.90 Million | AU$388.89 Million | ▲ +215.7% |
| 2001 | -0.12x | AU$-37.56 Million | AU$315.98 Million | AU$353.54 Million | ▼ -132.7% |
| 2000 | 0.36x | AU$220.79 Million | AU$607.29 Million | AU$386.50 Million | ▲ +96.3% |
| 1999 | 0.19x | AU$62.92 Million | AU$339.78 Million | AU$276.86 Million | ▼ -67.9% |
| 1998 | 0.58x | AU$154.84 Million | AU$268.69 Million | AU$113.85 Million | ▲ +4.4% |
| 1997 | 0.55x | AU$157.31 Million | AU$284.94 Million | AU$127.63 Million | ▲ +222.5% |
| 1996 | 0.17x | AU$58.55 Million | AU$341.96 Million | AU$283.41 Million | ▼ -62.2% |
| 1995 | 0.45x | AU$120.88 Million | AU$266.78 Million | AU$145.90 Million | ▲ +52.7% |
| 1994 | 0.30x | AU$84.55 Million | AU$285.00 Million | AU$200.44 Million | ▼ -13.3% |
| 1993 | 0.34x | AU$97.97 Million | AU$286.26 Million | AU$188.29 Million | ▼ -29.3% |
| 1992 | 0.48x | AU$124.90 Million | AU$257.86 Million | AU$132.96 Million | ▲ +34.6% |
| 1991 | 0.36x | AU$87.18 Million | AU$242.28 Million | AU$155.10 Million | — |