SAP SE (SAPA) — Free Cash Flow Generation Index
Latest as of March 2026:
0.93x
SAP SE (SAPA) has a Free Cash Flow Generation Index of 0.93x as of March 2026. Free cash flow of €3.27 Billion represents 1% of operating cash flow (€3.51 Billion). Explore capital reinvestment ratio of SAP SE to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.93x
Free Cash Flow / Operating CF
Free Cash Flow
€3.27 Billion
EUR
Operating Cash Flow
€3.51 Billion
EUR
Capital Expenditures
€238.00 Million
EUR
SAP SE Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for SAP SE across 10 annual periods. For the full cash flow conversion analysis, see SAPA operating cash flow.
Annual Free Cash Flow Generation for SAP SE (2016–2025)
Year-by-year Free Cash Flow Generation Index for SAP SE. Check how aggressively does SAP SE reinvest cash 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 | 0.92x | €8.42 Billion | €9.16 Billion | €739.00 Million | ▲ +8.5% |
| 2024 | 0.85x | €4.41 Billion | €5.21 Billion | €797.00 Million | ▼ -3.5% |
| 2023 | 0.88x | €5.62 Billion | €6.41 Billion | €784.00 Million | ▲ +3.9% |
| 2022 | 0.85x | €4.77 Billion | €5.65 Billion | €874.00 Million | ▼ -3.0% |
| 2021 | 0.87x | €5.42 Billion | €6.22 Billion | €800.00 Million | ▼ -1.7% |
| 2020 | 0.89x | €6.38 Billion | €7.19 Billion | €816.00 Million | ▲ +15.7% |
| 2019 | 0.77x | €2.68 Billion | €3.50 Billion | €817.00 Million | ▲ +15.9% |
| 2018 | 0.66x | €2.85 Billion | €4.30 Billion | €1.46 Billion | ▼ -11.5% |
| 2017 | 0.75x | €3.77 Billion | €5.04 Billion | €1.27 Billion | ▼ -38.6% |
| 2016 | 1.22x | €5.63 Billion | €4.63 Billion | €1.00 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).