Aena SA Free Cash Flow Generation Index

Latest as of March 2026: 0.67x

Aena SA free cash flow generation index. 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). Check AENA asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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

Free Cash Flow Generation Index of Aena SA (2011–2025)

Free cash flow generation index of Aena SA from 2011 to 2025. Historical FCF Generation Index trend for Aena SA across 15 annual periods. Explore Aena SA capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.

Aena SA Free Cash Flow Generation Index by Year (2011–2025)

Aena SA free cash flow generation index by year from 2011 to 2025. Year-by-year Free Cash Flow Generation Index for Aena SA. For the full cash flow conversion analysis, see AENA cash flow conversion.

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).