adidas AG (ADS) — Free Cash Flow Generation Index

Latest as of December 2025: 0.82x

adidas AG (ADS) has a Free Cash Flow Generation Index of 0.82x as of December 2025. Free cash flow of €839.00 Million represents 1% of operating cash flow (€1.03 Billion). See ADS working capital efficiency to evaluate short-term liquidity relative to the company's equity base.

FCF Generation Index

0.82x
Free Cash Flow / Operating CF

Free Cash Flow

€839.00 Million
EUR

Operating Cash Flow

€1.03 Billion
EUR

Capital Expenditures

€187.00 Million
EUR

adidas AG Free Cash Flow Generation Index (2013–2025)

Historical FCF Generation Index trend for adidas AG across 12 annual periods. Explore adidas AG (ADS) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Annual Free Cash Flow Generation for adidas AG (2013–2025)

Year-by-year Free Cash Flow Generation Index for adidas AG. For the full company profile including market capitalisation, see ADS company net worth.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.36x €274.00 Million €751.00 Million €477.00 Million ▼ -55.2%
2024 0.81x €2.37 Billion €2.91 Billion €540.00 Million ▲ +1.5%
2023 0.80x €2.05 Billion €2.55 Billion €504.00 Million ▲ +1.4%
2021 0.79x €2.52 Billion €3.19 Billion €494.00 Million ▲ +12.7%
2020 0.70x €1.04 Billion €1.49 Billion €368.00 Million ▼ -6.3%
2019 0.75x €2.11 Billion €2.82 Billion €598.00 Million ▲ +3.7%
2018 0.72x €1.94 Billion €2.69 Billion €611.00 Million ▲ +32.8%
2017 0.54x €896.00 Million €1.65 Billion €678.00 Million ▼ -63.3%
2016 1.48x €2.00 Billion €1.35 Billion €651.00 Million ▲ +4.0%
2015 1.43x €1.55 Billion €1.09 Billion €464.00 Million ▼ -16.7%
2014 1.71x €1.20 Billion €701.00 Million €499.00 Million ▲ +2.8%
2013 1.67x €1.06 Billion €634.00 Million €422.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).