Air Liquide SA (AI) — Free Cash Flow Generation Index

Latest as of December 2025: 0.43x

Air Liquide SA (AI) has a Free Cash Flow Generation Index of 0.43x as of December 2025. Free cash flow of €1.49 Billion represents 0% of operating cash flow (€3.50 Billion). Read Air Liquide SA balance sheet liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

0.43x
Free Cash Flow / Operating CF

Free Cash Flow

€1.49 Billion
EUR

Operating Cash Flow

€3.50 Billion
EUR

Capital Expenditures

€2.01 Billion
EUR

Air Liquide SA Free Cash Flow Generation Index (2004–2025)

Historical FCF Generation Index trend for Air Liquide SA across 22 annual periods. Explore Air Liquide SA capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Air Liquide SA (2004–2025)

Year-by-year Free Cash Flow Generation Index for Air Liquide SA. For the full company profile including market capitalisation, see Air Liquide SA (AI) total market value.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.40x €2.51 Billion €6.35 Billion €3.84 Billion ▼ -10.7%
2024 0.44x €2.80 Billion €6.32 Billion €3.53 Billion ▼ -3.4%
2023 0.46x €2.87 Billion €6.26 Billion €3.39 Billion ▲ +4.9%
2022 0.44x €2.54 Billion €5.81 Billion €3.27 Billion ▼ -8.3%
2021 0.48x €2.65 Billion €5.57 Billion €2.92 Billion ▼ -3.7%
2020 0.49x €2.58 Billion €5.21 Billion €2.63 Billion ▲ +12.3%
2019 0.44x €2.08 Billion €4.71 Billion €2.64 Billion ▼ -15.8%
2018 0.52x €2.47 Billion €4.72 Billion €2.25 Billion ▲ +7.4%
2017 0.49x €2.07 Billion €4.25 Billion €2.18 Billion ▲ +25.2%
2016 0.39x €1.44 Billion €3.70 Billion €2.26 Billion ▲ +36.9%
2015 0.28x €804.70 Million €2.83 Billion €2.03 Billion ▼ -13.4%
2014 0.33x €927.90 Million €2.83 Billion €1.90 Billion ▲ +42.1%
2013 0.23x €646.60 Million €2.80 Billion €2.16 Billion ▼ -10.8%
2012 0.26x €700.60 Million €2.71 Billion €2.01 Billion ▼ -6.5%
2011 0.28x €670.80 Million €2.43 Billion €1.75 Billion ▼ -31.0%
2010 0.40x €970.10 Million €2.42 Billion €1.45 Billion ▼ -5.6%
2009 0.42x €1.04 Billion €2.45 Billion €1.41 Billion ▲ +153.1%
2008 0.17x €384.60 Million €2.29 Billion €1.91 Billion ▼ -52.5%
2007 0.35x €742.80 Million €2.10 Billion €1.36 Billion ▼ -2.2%
2006 0.36x €638.50 Million €1.77 Billion €1.13 Billion ▼ -16.5%
2005 0.43x €744.90 Million €1.72 Billion €975.20 Million ▲ +14.1%
2004 0.38x €550.80 Million €1.45 Billion €901.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).