British American Tobacco PLC (BATS) — Free Cash Flow Generation Index
British American Tobacco PLC (BATS) has a Free Cash Flow Generation Index of 0.95x as of June 2026. Free cash flow of GBX2.45 Billion represents 1% of operating cash flow (GBX2.58 Billion). Explore British American Tobacco PLC capex to cash flow 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
British American Tobacco PLC Free Cash Flow Generation Index (1995–2025)
Historical FCF Generation Index trend for British American Tobacco PLC across 31 annual periods. For the full cash flow conversion analysis, see British American Tobacco PLC cash flow conversion.
Annual Free Cash Flow Generation for British American Tobacco PLC (1995–2025)
Year-by-year Free Cash Flow Generation Index for British American Tobacco PLC. Check British American Tobacco PLC total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (GBX) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.89x | GBX4.36 Billion | GBX4.91 Billion | GBX551.00 Million | ▼ -5.5% |
| 2024 | 0.94x | GBX9.52 Billion | GBX10.12 Billion | GBX608.00 Million | ▼ -1.8% |
| 2023 | 0.96x | GBX10.25 Billion | GBX10.71 Billion | GBX460.00 Million | ▲ +2.2% |
| 2022 | 0.94x | GBX9.74 Billion | GBX10.39 Billion | GBX656.00 Million | ▲ +1.5% |
| 2021 | 0.92x | GBX8.97 Billion | GBX9.72 Billion | GBX745.00 Million | ▲ +0.1% |
| 2020 | 0.92x | GBX9.03 Billion | GBX9.79 Billion | GBX755.00 Million | ▲ +1.5% |
| 2019 | 0.91x | GBX8.18 Billion | GBX9.00 Billion | GBX815.00 Million | ▼ -1.8% |
| 2018 | 0.93x | GBX9.54 Billion | GBX10.29 Billion | GBX758.00 Million | ▲ +8.7% |
| 2017 | 0.85x | GBX4.56 Billion | GBX5.35 Billion | GBX791.00 Million | ▼ -2.4% |
| 2016 | 0.87x | GBX4.02 Billion | GBX4.61 Billion | GBX586.00 Million | ▼ -2.8% |
| 2015 | 0.90x | GBX4.24 Billion | GBX4.72 Billion | GBX483.00 Million | ▲ +4.7% |
| 2014 | 0.86x | GBX3.19 Billion | GBX3.72 Billion | GBX529.00 Million | ▼ -1.5% |
| 2013 | 0.87x | GBX3.86 Billion | GBX4.44 Billion | GBX574.00 Million | ▲ +2.4% |
| 2012 | 0.85x | GBX3.76 Billion | GBX4.43 Billion | GBX664.00 Million | ▲ +0.8% |
| 2011 | 0.84x | GBX3.32 Billion | GBX3.94 Billion | GBX617.00 Million | ▼ -1.0% |
| 2010 | 0.85x | GBX3.35 Billion | GBX3.94 Billion | GBX584.00 Million | ▲ +3.2% |
| 2009 | 0.83x | GBX2.62 Billion | GBX3.17 Billion | GBX554.00 Million | ▼ -5.7% |
| 2008 | 0.88x | GBX2.86 Billion | GBX3.26 Billion | GBX544.00 Million | ▲ +11.2% |
| 2007 | 0.79x | GBX1.78 Billion | GBX2.26 Billion | GBX482.00 Million | ▲ +1.7% |
| 2006 | 0.77x | GBX1.45 Billion | GBX1.88 Billion | GBX425.00 Million | ▼ -4.5% |
| 2005 | 0.81x | GBX1.62 Billion | GBX2.00 Billion | GBX381.00 Million | ▲ +7.8% |
| 2004 | 0.75x | GBX1.00 Billion | GBX1.34 Billion | GBX333.00 Million | ▲ +16.4% |
| 2003 | 0.65x | GBX779.00 Million | GBX1.21 Billion | GBX428.00 Million | ▲ +30.8% |
| 2002 | 0.49x | GBX477.00 Million | GBX967.00 Million | GBX490.00 Million | ▼ -15.4% |
| 2001 | 0.58x | GBX720.00 Million | GBX1.24 Billion | GBX515.00 Million | ▼ -12.3% |
| 2000 | 0.66x | GBX718.00 Million | GBX1.08 Billion | GBX362.00 Million | ▼ -17.9% |
| 1999 | 0.81x | GBX822.00 Million | GBX1.01 Billion | GBX193.00 Million | ▲ +167.5% |
| 1998 | -1.20x | GBX-198.00 Million | GBX165.00 Million | GBX363.00 Million | ▼ -3103.1% |
| 1997 | -0.04x | GBX-13.00 Million | GBX347.00 Million | GBX360.00 Million | ▼ -115.5% |
| 1996 | 0.24x | GBX115.00 Million | GBX475.00 Million | GBX360.00 Million | ▼ -28.5% |
| 1995 | 0.34x | GBX185.00 Million | GBX546.00 Million | GBX361.00 Million | — |