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). Explore Ryanair Holdings plc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Ryanair Holdings plc cash conversion from operations.
Annual Free Cash Flow Generation for Ryanair Holdings plc (1996–2025)
Year-by-year Free Cash Flow Generation Index for Ryanair Holdings plc. Check RYA 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 | 0.55x | €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 | — |