Royal Bank of Canada (RY) — Free Cash Flow Generation Index
Royal Bank of Canada (RY) has a Free Cash Flow Generation Index of 0.98x as of July 2025. Free cash flow of CA$28.47 Billion represents 1% of operating cash flow (CA$29.00 Billion). See Royal Bank of Canada (RY) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Royal Bank of Canada Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for Royal Bank of Canada across 24 annual periods. Explore RY operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Royal Bank of Canada (1993–2025)
Year-by-year Free Cash Flow Generation Index for Royal Bank of Canada. For the full company profile including market capitalisation, see RY market cap.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.96x | CA$52.98 Billion | CA$55.22 Billion | CA$2.24 Billion | ▲ +6.4% |
| 2024 | 0.90x | CA$20.86 Billion | CA$23.14 Billion | CA$2.28 Billion | ▲ +0.7% |
| 2023 | 0.90x | CA$23.35 Billion | CA$26.08 Billion | CA$2.73 Billion | ▲ +1.0% |
| 2022 | 0.89x | CA$19.44 Billion | CA$21.94 Billion | CA$2.50 Billion | ▼ -8.1% |
| 2021 | 0.96x | CA$58.86 Billion | CA$61.04 Billion | CA$2.19 Billion | ▼ -1.7% |
| 2020 | 0.98x | CA$136.19 Billion | CA$138.82 Billion | CA$2.63 Billion | ▲ +16.6% |
| 2019 | 0.84x | CA$12.00 Billion | CA$14.27 Billion | CA$2.26 Billion | ▼ -5.1% |
| 2018 | 0.89x | CA$15.49 Billion | CA$17.47 Billion | CA$1.98 Billion | ▼ -8.0% |
| 2017 | 0.96x | CA$36.36 Billion | CA$37.73 Billion | CA$1.36 Billion | ▲ +1.1% |
| 2016 | 0.95x | CA$25.60 Billion | CA$26.86 Billion | CA$1.26 Billion | ▲ +0.9% |
| 2015 | 0.94x | CA$22.81 Billion | CA$24.15 Billion | CA$1.34 Billion | ▲ +2.8% |
| 2014 | 0.92x | CA$13.95 Billion | CA$15.17 Billion | CA$1.23 Billion | ▲ +5.8% |
| 2013 | 0.87x | CA$6.15 Billion | CA$7.08 Billion | CA$932.00 Million | ▲ +28.5% |
| 2011 | 0.68x | CA$3.03 Billion | CA$4.48 Billion | CA$1.45 Billion | ▼ -26.1% |
| 2010 | 0.91x | CA$10.33 Billion | CA$11.29 Billion | CA$960.00 Million | ▲ +0.9% |
| 2009 | 0.91x | CA$6.71 Billion | CA$7.40 Billion | CA$689.00 Million | ▲ +2.0% |
| 2008 | 0.89x | CA$10.17 Billion | CA$11.43 Billion | CA$1.27 Billion | ▼ -8.2% |
| 2007 | 0.97x | CA$21.79 Billion | CA$22.50 Billion | CA$706.00 Million | ▲ +25.4% |
| 2004 | 0.77x | CA$1.49 Billion | CA$1.93 Billion | CA$439.00 Million | ▼ -18.5% |
| 1999 | 0.95x | CA$4.64 Billion | CA$4.89 Billion | CA$254.52 Million | ▲ +2.2% |
| 1997 | 0.93x | CA$3.73 Billion | CA$4.03 Billion | CA$293.06 Million | ▲ +14.7% |
| 1995 | 0.81x | CA$1.07 Billion | CA$1.33 Billion | CA$255.00 Million | ▼ -5.8% |
| 1994 | 0.86x | CA$1.53 Billion | CA$1.78 Billion | CA$253.00 Million | ▼ -0.8% |
| 1993 | 0.87x | CA$1.36 Billion | CA$1.57 Billion | CA$212.00 Million | — |