Aena SA (AENA) — Free Cash Flow Generation Index
Latest as of March 2026:
0.67x
Aena SA (AENA) has a Free Cash Flow Generation Index of 0.67x as of March 2026. Free cash flow of €609.52 Million represents 1% of operating cash flow (€908.40 Million). Explore Aena SA capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.67x
Free Cash Flow / Operating CF
Free Cash Flow
€609.52 Million
EUR
Operating Cash Flow
€908.40 Million
EUR
Capital Expenditures
€298.88 Million
EUR
Aena SA Free Cash Flow Generation Index (2011–2025)
Historical FCF Generation Index trend for Aena SA across 15 annual periods. For the full cash flow conversion analysis, see AENA cash flow conversion.
Annual Free Cash Flow Generation for Aena SA (2011–2025)
Year-by-year Free Cash Flow Generation Index for Aena SA. Check AENA capex plus investments 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 | 0.75x | €2.10 Billion | €2.83 Billion | €720.28 Million | ▲ +6.5% |
| 2024 | 0.70x | €1.92 Billion | €2.75 Billion | €825.18 Million | ▼ -7.3% |
| 2023 | 0.75x | €1.67 Billion | €2.22 Billion | €545.02 Million | ▲ +23.8% |
| 2022 | 0.61x | €1.14 Billion | €1.86 Billion | €727.69 Million | ▲ +143.8% |
| 2021 | -1.39x | €-390.61 Million | €280.47 Million | €671.08 Million | ▲ +42.9% |
| 2020 | -2.44x | €-356.88 Million | €146.24 Million | €503.12 Million | ▼ -573.5% |
| 2019 | 0.52x | €1.09 Billion | €2.11 Billion | €1.02 Billion | ▼ -29.7% |
| 2018 | 0.73x | €1.43 Billion | €1.95 Billion | €520.19 Million | ▼ -10.2% |
| 2017 | 0.82x | €1.64 Billion | €2.01 Billion | €370.41 Million | ▼ -2.2% |
| 2016 | 0.83x | €1.53 Billion | €1.83 Billion | €304.04 Million | ▼ -1.1% |
| 2015 | 0.84x | €1.37 Billion | €1.63 Billion | €254.66 Million | ▲ +10.3% |
| 2014 | 0.77x | €1.03 Billion | €1.35 Billion | €316.09 Million | ▲ +30.0% |
| 2013 | 0.59x | €704.70 Million | €1.20 Billion | €492.21 Million | ▲ +483.1% |
| 2012 | -0.15x | €-108.58 Million | €706.41 Million | €814.98 Million | ▼ -248.5% |
| 2011 | 0.10x | €68.31 Million | €659.95 Million | €591.64 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).