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). Explore Santos Ltd capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see STO cash generation efficiency.
Annual Free Cash Flow Generation for Santos Ltd (1991–2025)
Year-by-year Free Cash Flow Generation Index for Santos Ltd. Check how aggressively does Santos Ltd reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |