Rheinmetall AG (RHM) — Free Cash Flow Generation Index

Latest as of December 2025: 0.89x

Rheinmetall AG (RHM) has a Free Cash Flow Generation Index of 0.89x as of December 2025. Free cash flow of €2.23 Billion represents 1% of operating cash flow (€2.50 Billion). Read Rheinmetall AG (RHM) financial obligations for a breakdown of total debt and financial obligations.

FCF Generation Index

0.89x
Free Cash Flow / Operating CF

Free Cash Flow

€2.23 Billion
EUR

Operating Cash Flow

€2.50 Billion
EUR

Capital Expenditures

€274.00 Million
EUR

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

Historical FCF Generation Index trend for Rheinmetall AG across 13 annual periods. Explore RHM capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

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

Year-by-year Free Cash Flow Generation Index for Rheinmetall AG. For the full company profile including market capitalisation, see Rheinmetall AG (RHM) market capitalisation.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.62x €1.42 Billion €2.29 Billion €872.00 Million ▲ +7.7%
2024 0.57x €988.00 Million €1.72 Billion €732.00 Million ▲ +23.7%
2023 0.46x €345.00 Million €743.00 Million €398.00 Million ▲ +146.2%
2022 -1.01x €-175.00 Million €174.00 Million €349.00 Million ▼ -265.6%
2021 0.61x €419.00 Million €690.00 Million €271.00 Million ▲ +27.4%
2020 0.48x €216.00 Million €453.00 Million €237.00 Million ▼ -8.6%
2019 0.52x €314.00 Million €602.00 Million €288.00 Million ▲ +460.6%
2018 -0.14x €-35.00 Million €242.00 Million €277.00 Million ▼ -128.6%
2017 0.51x €276.00 Million €546.00 Million €270.00 Million ▼ -69.1%
2016 1.64x €727.00 Million €444.00 Million €283.00 Million ▼ -14.5%
2015 1.91x €649.00 Million €339.00 Million €310.00 Million ▼ -49.4%
2014 3.78x €386.00 Million €102.00 Million €284.00 Million ▲ +98.6%
2013 1.91x €402.00 Million €211.00 Million €191.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).