BAE Systems plc (BA) — Free Cash Flow Generation Index
Latest as of December 2025:
0.83x
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). See BA net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.83x
Free Cash Flow / Operating CF
Free Cash Flow
GBX2.62 Billion
GBX
Operating Cash Flow
GBX3.16 Billion
GBX
Capital Expenditures
GBX544.00 Million
GBX
BAE Systems plc Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for BAE Systems plc across 29 annual periods. Explore BAE Systems plc (BA) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
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 BA market cap overview.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).