adidas AG (ADS1) — Free Cash Flow Generation Index
Latest as of December 2025:
0.82x
adidas AG (ADS1) 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 ADS1 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 (2016–2025)
Historical FCF Generation Index trend for adidas AG across 9 annual periods. Explore adidas AG debt service capacity to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for adidas AG (2016–2025)
Year-by-year Free Cash Flow Generation Index for adidas AG. For the full company profile including market capitalisation, see ADS1 stock market capitalisation.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).