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). Explore Air Liquide SA (AI) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

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. For the full cash flow conversion analysis, see AI operating cash flow.

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

Year-by-year Free Cash Flow Generation Index for Air Liquide SA. Check Air Liquide SA (AI) total reinvestment rate 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 0.40x €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).