Moderna Inc (MRNA) — Free Cash Flow Generation Index

Latest as of December 2025: 0.96x

Moderna Inc (MRNA) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of $912.00 Million represents 1% of operating cash flow ($951.00 Million). Read Moderna Inc (MRNA) total liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

$912.00 Million
USD

Operating Cash Flow

$951.00 Million
USD

Capital Expenditures

$39.00 Million
USD

Moderna Inc Free Cash Flow Generation Index (2016–2022)

Historical FCF Generation Index trend for Moderna Inc across 4 annual periods. Explore Moderna Inc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Moderna Inc (2016–2022)

Year-by-year Free Cash Flow Generation Index for Moderna Inc. For the full company profile including market capitalisation, see Moderna Inc market capitalisation.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2022 0.92x $4.58 Billion $4.98 Billion $400.00 Million ▼ -6.1%
2021 0.98x $13.34 Billion $13.62 Billion $284.00 Million ▲ +1.3%
2020 0.97x $1.96 Billion $2.03 Billion $67.45 Million ▲ +92.1%
2016 0.50x $33.59 Million $66.73 Million $33.14 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).