Apple Inc (AAPL) — Free Cash Flow Generation Index
Apple Inc (AAPL) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of $51.55 Billion represents 1% of operating cash flow ($53.92 Billion). Explore Apple Inc 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
Apple Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Apple Inc across 35 annual periods. For the full cash flow conversion analysis, see Apple Inc cash conversion from operations.
Annual Free Cash Flow Generation for Apple Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Apple Inc. Check AAPL capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.89x | $98.77 Billion | $111.48 Billion | $12.71 Billion | ▼ -3.7% |
| 2024 | 0.92x | $108.81 Billion | $118.25 Billion | $9.45 Billion | ▲ +2.1% |
| 2023 | 0.90x | $99.58 Billion | $110.54 Billion | $10.96 Billion | ▼ -1.3% |
| 2022 | 0.91x | $111.44 Billion | $122.15 Billion | $10.71 Billion | ▲ +2.1% |
| 2021 | 0.89x | $92.95 Billion | $104.04 Billion | $11.09 Billion | ▼ -1.8% |
| 2020 | 0.91x | $73.36 Billion | $80.67 Billion | $7.31 Billion | ▲ +7.1% |
| 2019 | 0.85x | $58.90 Billion | $69.39 Billion | $10.49 Billion | ▲ +2.5% |
| 2018 | 0.83x | $64.12 Billion | $77.43 Billion | $13.31 Billion | ▲ +3.7% |
| 2017 | 0.80x | $50.80 Billion | $63.60 Billion | $12.45 Billion | ▲ +0.6% |
| 2016 | 0.79x | $52.28 Billion | $65.82 Billion | $12.73 Billion | ▼ -7.5% |
| 2015 | 0.86x | $69.78 Billion | $81.27 Billion | $11.25 Billion | ▲ +2.7% |
| 2014 | 0.84x | $49.90 Billion | $59.71 Billion | $9.57 Billion | ▲ +0.6% |
| 2013 | 0.83x | $44.59 Billion | $53.67 Billion | $8.16 Billion | ▲ +1.9% |
| 2012 | 0.82x | $41.45 Billion | $50.86 Billion | $8.29 Billion | ▲ +1.7% |
| 2011 | 0.80x | $30.08 Billion | $37.53 Billion | $4.26 Billion | ▼ -9.5% |
| 2010 | 0.89x | $16.47 Billion | $18.59 Billion | $2.00 Billion | ▲ +0.6% |
| 2009 | 0.88x | $8.95 Billion | $10.16 Billion | $1.14 Billion | ▲ +0.6% |
| 2008 | 0.88x | $8.40 Billion | $9.60 Billion | $1.09 Billion | ▲ +6.7% |
| 2007 | 0.82x | $4.48 Billion | $5.47 Billion | $735.00 Million | ▲ +16.4% |
| 2006 | 0.70x | $1.56 Billion | $2.22 Billion | $657.00 Million | ▼ -21.5% |
| 2005 | 0.90x | $2.27 Billion | $2.54 Billion | $260.00 Million | ▲ +10.6% |
| 2004 | 0.81x | $758.00 Million | $934.00 Million | $176.00 Million | ▲ +87.6% |
| 2003 | 0.43x | $125.00 Million | $289.00 Million | $164.00 Million | ▲ +145.3% |
| 2002 | -0.96x | $-85.00 Million | $89.00 Million | $174.00 Million | ▼ -275.9% |
| 2001 | -0.25x | $-47.00 Million | $185.00 Million | $232.00 Million | ▼ -129.2% |
| 2000 | 0.87x | $719.00 Million | $826.00 Million | $107.00 Million | ▼ -7.5% |
| 1999 | 0.94x | $751.00 Million | $798.00 Million | $47.00 Million | ▲ +1.4% |
| 1998 | 0.93x | $719.00 Million | $775.00 Million | $56.00 Million | ▲ +29.2% |
| 1997 | 0.72x | $135.00 Million | $188.00 Million | $53.00 Million | ▼ -17.5% |
| 1996 | 0.87x | $452.00 Million | $519.00 Million | $67.00 Million | ▲ +11.2% |
| 1994 | 0.78x | $577.41 Million | $737.00 Million | $159.59 Million | ▲ +0.5% |
| 1992 | 0.78x | $688.80 Million | $883.70 Million | $194.85 Million | ▲ +212.0% |
| 1991 | -0.70x | $-89.60 Million | $128.70 Million | $218.30 Million | ▼ -190.7% |
| 1990 | 0.77x | $739.60 Million | $963.90 Million | $224.30 Million | ▲ +45.1% |
| 1989 | 0.53x | $268.30 Million | $507.30 Million | $239.00 Million | — |