Ryanair Holdings plc (RYA) — Free Cash Flow Generation Index
Ryanair Holdings plc (RYA) has a Free Cash Flow Generation Index of -0.53x as of September 2025. Free cash flow of €-169.60 Million represents -1% of operating cash flow (€320.90 Million). See RYA working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Ryanair Holdings plc Free Cash Flow Generation Index (1996–2025)
Historical FCF Generation Index trend for Ryanair Holdings plc across 29 annual periods. Explore how well can Ryanair Holdings plc service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Ryanair Holdings plc (1996–2025)
Year-by-year Free Cash Flow Generation Index for Ryanair Holdings plc. For the full company profile including market capitalisation, see Ryanair Holdings plc market capitalisation.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.55x | €1.86 Billion | €3.42 Billion | €1.55 Billion | ▲ +124.9% |
| 2024 | 0.24x | €766.00 Million | €3.16 Billion | €2.39 Billion | ▼ -52.2% |
| 2023 | 0.51x | €1.98 Billion | €3.89 Billion | €1.91 Billion | ▲ +29.9% |
| 2022 | 0.39x | €758.90 Million | €1.94 Billion | €1.18 Billion | ▼ -9.5% |
| 2020 | 0.43x | €910.50 Million | €2.11 Billion | €1.20 Billion | ▲ +110.9% |
| 2019 | 0.20x | €423.20 Million | €2.06 Billion | €1.64 Billion | ▼ -40.0% |
| 2018 | 0.34x | €762.60 Million | €2.23 Billion | €1.47 Billion | ▲ +37.9% |
| 2017 | 0.25x | €477.40 Million | €1.93 Billion | €1.45 Billion | ▼ -27.2% |
| 2016 | 0.34x | €628.60 Million | €1.85 Billion | €1.22 Billion | ▼ -36.2% |
| 2015 | 0.53x | €900.90 Million | €1.69 Billion | €788.50 Million | ▲ +3.4% |
| 2014 | 0.52x | €538.80 Million | €1.04 Billion | €505.80 Million | ▼ -25.9% |
| 2013 | 0.70x | €712.80 Million | €1.02 Billion | €310.70 Million | ▼ -2.6% |
| 2012 | 0.72x | €729.90 Million | €1.02 Billion | €290.40 Million | ▲ +607.2% |
| 2011 | -0.14x | €-110.90 Million | €786.30 Million | €897.20 Million | ▲ +2.7% |
| 2010 | -0.14x | €-126.30 Million | €871.50 Million | €997.80 Million | ▲ +79.3% |
| 2009 | -0.70x | €-288.88 Million | €413.13 Million | €702.02 Million | ▼ -111.1% |
| 2008 | -0.33x | €-233.21 Million | €703.90 Million | €937.12 Million | ▼ -176.9% |
| 2007 | 0.43x | €374.88 Million | €869.85 Million | €494.97 Million | ▲ +308.9% |
| 2006 | 0.11x | €64.34 Million | €610.57 Million | €546.23 Million | ▲ +163.1% |
| 2005 | -0.17x | €-88.62 Million | €530.51 Million | €619.13 Million | ▼ -159.2% |
| 2004 | 0.28x | €130.46 Million | €462.06 Million | €331.60 Million | ▲ +183.4% |
| 2003 | -0.34x | €-118.88 Million | €351.00 Million | €469.88 Million | ▼ -78.1% |
| 2002 | -0.19x | €-63.48 Million | €333.75 Million | €397.23 Million | ▲ +65.5% |
| 2001 | -0.55x | €-126.87 Million | €229.80 Million | €356.67 Million | ▼ -1394.9% |
| 2000 | -0.04x | €-5.52 Million | €149.57 Million | €155.10 Million | ▼ -128.8% |
| 1999 | 0.13x | €15.96 Million | €124.41 Million | €108.45 Million | ▼ -12.5% |
| 1998 | 0.15x | €13.50 Million | €92.05 Million | €78.55 Million | ▲ +102.4% |
| 1997 | -6.15x | €-15.53 Million | €2.52 Million | €18.05 Million | ▼ -978.9% |
| 1996 | 0.70x | €27.79 Million | €39.70 Million | €11.91 Million | — |