Formula Free Cash Flow Generation Index
Formula free cash flow generation index. Formula (FORTY) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of ILA402.54 Million represents 1% of operating cash flow (ILA420.06 Million).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Formula (1998–2025)
Free cash flow generation index of Formula from 1998 to 2025. Historical FCF Generation Index trend for Formula across 28 annual periods. See Formula financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Formula Free Cash Flow Generation Index by Year (1998–2025)
Formula free cash flow generation index by year from 1998 to 2025. Year-by-year Free Cash Flow Generation Index for Formula. For the full cash flow conversion analysis, see FORTY cash flow metrics.
| Year | FCG Index | Free Cash Flow (ILA) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.96x | ILA402.54 Million | ILA420.06 Million | ILA17.52 Million | ▲ +5.2% |
| 2024 | 0.91x | ILA295.49 Million | ILA324.45 Million | ILA28.96 Million | ▲ +2.2% |
| 2023 | 0.89x | ILA262.97 Million | ILA294.97 Million | ILA32.00 Million | ▲ +6.7% |
| 2022 | 0.84x | ILA199.82 Million | ILA239.14 Million | ILA39.31 Million | ▼ -1.8% |
| 2021 | 0.85x | ILA177.42 Million | ILA208.48 Million | ILA31.06 Million | ▼ -5.4% |
| 2020 | 0.90x | ILA258.13 Million | ILA286.94 Million | ILA28.81 Million | ▲ +10.6% |
| 2019 | 0.81x | ILA159.50 Million | ILA196.08 Million | ILA36.59 Million | ▲ +8.4% |
| 2018 | 0.75x | ILA61.96 Million | ILA82.59 Million | ILA20.63 Million | ▼ -2.1% |
| 2017 | 0.77x | ILA62.07 Million | ILA80.98 Million | ILA18.91 Million | ▲ +3.2% |
| 2016 | 0.74x | ILA55.66 Million | ILA74.95 Million | ILA19.30 Million | ▼ -9.4% |
| 2015 | 0.82x | ILA44.58 Million | ILA54.40 Million | ILA9.82 Million | ▲ +14.5% |
| 2014 | 0.72x | ILA11.93 Million | ILA16.67 Million | ILA4.74 Million | ▼ -5.3% |
| 2013 | 0.76x | ILA51.78 Million | ILA68.55 Million | ILA16.77 Million | ▼ -7.5% |
| 2012 | 0.82x | ILA59.64 Million | ILA73.07 Million | ILA13.43 Million | ▲ +193.6% |
| 2011 | 0.28x | ILA7.18 Million | ILA25.83 Million | ILA18.65 Million | ▼ -69.1% |
| 2010 | 0.90x | ILA48.02 Million | ILA53.37 Million | ILA5.35 Million | ▼ -5.4% |
| 2009 | 0.95x | ILA52.93 Million | ILA55.64 Million | ILA2.71 Million | ▲ +4.0% |
| 2008 | 0.91x | ILA43.33 Million | ILA47.38 Million | ILA4.05 Million | ▲ +30.1% |
| 2007 | 0.70x | ILA30.40 Million | ILA43.27 Million | ILA12.87 Million | ▲ +2923.6% |
| 2006 | 0.02x | ILA603.00K | ILA25.95 Million | ILA25.35 Million | ▲ +100.8% |
| 2005 | -2.78x | ILA-17.46 Million | ILA6.29 Million | ILA23.75 Million | ▼ -509.2% |
| 2004 | 0.68x | ILA12.09 Million | ILA17.81 Million | ILA5.72 Million | ▲ +12.7% |
| 2003 | 0.60x | ILA7.41 Million | ILA12.29 Million | ILA4.89 Million | ▲ +88.7% |
| 2002 | 0.32x | ILA1.59 Million | ILA4.97 Million | ILA3.38 Million | ▲ +103.7% |
| 2001 | -8.55x | ILA-10.06 Million | ILA1.18 Million | ILA11.24 Million | ▼ -367.2% |
| 2000 | -1.83x | ILA-10.35 Million | ILA5.65 Million | ILA16.00 Million | ▼ -2171.1% |
| 1999 | 0.09x | ILA1.19 Million | ILA13.41 Million | ILA12.23 Million | ▼ -86.4% |
| 1998 | 0.65x | ILA22.60 Million | ILA34.70 Million | ILA12.10 Million | — |