BAE Systems plc (BA) — Free Cash Flow Generation Index
BAE Systems plc (BA) has a Free Cash Flow Generation Index of 0.83x as of December 2025. Free cash flow of GBX2.62 Billion represents 1% of operating cash flow (GBX3.16 Billion). Read debt load of BAE Systems plc for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
BAE Systems plc Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for BAE Systems plc across 29 annual periods. Explore reinvestment intensity of BAE Systems plc to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for BAE Systems plc (1993–2025)
Year-by-year Free Cash Flow Generation Index for BAE Systems plc. For the full company profile including market capitalisation, see BAE Systems plc (BA) total market value.
| Year | FCG Index | Free Cash Flow (GBX) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.72x | GBX2.38 Billion | GBX3.30 Billion | GBX920.00 Million | ▲ +2.5% |
| 2024 | 0.70x | GBX2.76 Billion | GBX3.92 Billion | GBX1.16 Billion | ▼ -5.6% |
| 2023 | 0.75x | GBX2.80 Billion | GBX3.76 Billion | GBX957.00 Million | ▼ -1.4% |
| 2022 | 0.76x | GBX2.15 Billion | GBX2.84 Billion | GBX693.00 Million | ▼ -6.8% |
| 2021 | 0.81x | GBX1.99 Billion | GBX2.45 Billion | GBX462.00 Million | ▲ +37.3% |
| 2020 | 0.59x | GBX689.00 Million | GBX1.17 Billion | GBX477.00 Million | ▼ -16.3% |
| 2019 | 0.71x | GBX1.13 Billion | GBX1.60 Billion | GBX470.00 Million | ▲ +0.6% |
| 2018 | 0.70x | GBX842.00 Million | GBX1.20 Billion | GBX358.00 Million | ▼ -11.7% |
| 2017 | 0.79x | GBX1.51 Billion | GBX1.90 Billion | GBX389.00 Million | ▲ +19.0% |
| 2016 | 0.67x | GBX821.00 Million | GBX1.23 Billion | GBX408.00 Million | ▲ +20.2% |
| 2015 | 0.56x | GBX449.00 Million | GBX808.00 Million | GBX359.00 Million | ▼ -8.4% |
| 2014 | 0.61x | GBX406.00 Million | GBX669.00 Million | GBX263.00 Million | ▼ -25.5% |
| 2012 | 0.82x | GBX1.77 Billion | GBX2.17 Billion | GBX402.00 Million | ▲ +296.8% |
| 2011 | 0.21x | GBX99.00 Million | GBX482.00 Million | GBX383.00 Million | ▼ -63.1% |
| 2010 | 0.56x | GBX535.00 Million | GBX962.00 Million | GBX427.00 Million | ▼ -18.0% |
| 2009 | 0.68x | GBX1.11 Billion | GBX1.63 Billion | GBX525.00 Million | ▲ +4.2% |
| 2008 | 0.65x | GBX1.03 Billion | GBX1.58 Billion | GBX552.00 Million | ▼ -20.8% |
| 2007 | 0.82x | GBX1.56 Billion | GBX1.90 Billion | GBX338.00 Million | ▲ +537.6% |
| 2006 | 0.13x | GBX66.00 Million | GBX512.00 Million | GBX446.00 Million | ▼ -84.4% |
| 2005 | 0.83x | GBX1.59 Billion | GBX1.93 Billion | GBX335.00 Million | ▼ -0.5% |
| 2004 | 0.83x | GBX1.80 Billion | GBX2.16 Billion | GBX366.00 Million | ▲ +53.7% |
| 2003 | 0.54x | GBX286.00 Million | GBX529.00 Million | GBX243.00 Million | ▲ +72.4% |
| 2001 | 0.31x | GBX69.00 Million | GBX220.00 Million | GBX151.00 Million | ▼ -58.7% |
| 2000 | 0.76x | GBX1.18 Billion | GBX1.55 Billion | GBX374.00 Million | ▲ +254.9% |
| 1999 | -0.49x | GBX-101.00 Million | GBX206.00 Million | GBX307.00 Million | ▼ -516.7% |
| 1997 | 0.12x | GBX28.00 Million | GBX238.00 Million | GBX210.00 Million | ▼ -82.2% |
| 1996 | 0.66x | GBX335.00 Million | GBX507.00 Million | GBX172.00 Million | ▲ +136.0% |
| 1995 | -1.84x | GBX-90.00 Million | GBX49.00 Million | GBX139.00 Million | ▲ +18.5% |
| 1993 | -2.25x | GBX-311.00 Million | GBX138.00 Million | GBX449.00 Million | — |