Vestas Wind Systems A/S (VWSA) — Free Cash Flow Generation Index

Latest as of December 2025: 0.68x

Vestas Wind Systems A/S (VWSA) has a Free Cash Flow Generation Index of 0.68x as of December 2025. Free cash flow of €889.00 Million represents 1% of operating cash flow (€1.30 Billion). Explore capital reinvestment ratio of Vestas Wind Systems A/S to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.68x
Free Cash Flow / Operating CF

Free Cash Flow

€889.00 Million
EUR

Operating Cash Flow

€1.30 Billion
EUR

Capital Expenditures

€409.00 Million
EUR

Vestas Wind Systems A/S Free Cash Flow Generation Index (2016–2025)

Historical FCF Generation Index trend for Vestas Wind Systems A/S across 9 annual periods. For the full cash flow conversion analysis, see how efficiently does Vestas Wind Systems A/S generate cash.

Annual Free Cash Flow Generation for Vestas Wind Systems A/S (2016–2025)

Year-by-year Free Cash Flow Generation Index for Vestas Wind Systems A/S. Check VWSA total capital reinvestment 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 0.44x €1.01 Billion €2.29 Billion €1.28 Billion ▼ -12.6%
2024 0.50x €1.18 Billion €2.33 Billion €1.16 Billion ▲ +210.9%
2023 -0.46x €-263.00 Million €578.00 Million €841.00 Million ▼ -462.5%
2021 0.13x €120.00 Million €956.00 Million €476.00 Million ▲ +69.6%
2020 0.07x €55.00 Million €743.00 Million €379.00 Million ▲ +29.6%
2019 0.06x €47.00 Million €823.00 Million €451.00 Million ▼ -85.9%
2018 0.41x €414.00 Million €1.02 Billion €312.00 Million ▼ -41.9%
2017 0.70x €1.13 Billion €1.62 Billion €268.00 Million ▼ -43.0%
2016 1.22x €2.67 Billion €2.18 Billion €489.00 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).