Mercedes-Benz Group AG (MBG) — Free Cash Flow Generation Index

Latest as of December 2025: -0.39x

Mercedes-Benz Group AG (MBG) has a Free Cash Flow Generation Index of -0.39x as of December 2025. Free cash flow of €-1.07 Billion represents 0% of operating cash flow (€2.78 Billion). Explore reinvestment intensity of Mercedes-Benz Group AG to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

-0.39x
Free Cash Flow / Operating CF

Free Cash Flow

€-1.07 Billion
EUR

Operating Cash Flow

€2.78 Billion
EUR

Capital Expenditures

€3.85 Billion
EUR

Mercedes-Benz Group AG Free Cash Flow Generation Index (2007–2025)

Historical FCF Generation Index trend for Mercedes-Benz Group AG across 14 annual periods. For the full cash flow conversion analysis, see Mercedes-Benz Group AG (MBG) cash conversion ratio.

Annual Free Cash Flow Generation for Mercedes-Benz Group AG (2007–2025)

Year-by-year Free Cash Flow Generation Index for Mercedes-Benz Group AG. Check MBG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.46x €8.26 Billion €18.01 Billion €9.74 Billion ▼ -10.3%
2024 0.51x €9.07 Billion €17.73 Billion €8.66 Billion ▲ +18.3%
2023 0.43x €6.26 Billion €14.47 Billion €8.21 Billion ▼ -26.9%
2022 0.59x €9.99 Billion €16.89 Billion €3.48 Billion ▼ -15.7%
2021 0.70x €17.23 Billion €24.55 Billion €4.58 Billion ▲ +13.8%
2020 0.62x €13.77 Billion €22.33 Billion €5.74 Billion ▲ +265.1%
2019 -0.37x €-2.95 Billion €7.89 Billion €7.20 Billion ▲ +98.8%
2018 -30.20x €-10.36 Billion €343.00 Million €7.53 Billion ▼ -993.4%
2016 3.38x €12.54 Billion €3.71 Billion €8.83 Billion ▼ -85.8%
2015 23.86x €5.30 Billion €222.00 Million €5.08 Billion ▲ +848.9%
2013 2.51x €8.26 Billion €3.29 Billion €4.97 Billion ▲ +105.9%
2009 1.22x €13.38 Billion €10.96 Billion €2.42 Billion ▼ -67.8%
2008 3.79x €17.13 Billion €4.52 Billion €12.62 Billion ▲ +73.7%
2007 2.18x €42.07 Billion €19.28 Billion €22.80 Billion —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).