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). Read ADS1 total liabilities for a breakdown of total debt and financial obligations.
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 reinvestment intensity of adidas AG to see what proportion of operating cash flow is directed to capital expenditures.
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 adidas AG 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).