Heidelberg Materials AG (HEI) — Free Cash Flow Generation Index

Latest as of December 2025: 1.43x

Heidelberg Materials AG (HEI) has a Free Cash Flow Generation Index of 1.43x as of December 2025. Free cash flow of €4.67 Billion represents 1% of operating cash flow (€3.25 Billion). Read Heidelberg Materials AG (HEI) financial obligations for a breakdown of total debt and financial obligations.

FCF Generation Index

1.43x
Free Cash Flow / Operating CF

Free Cash Flow

€4.67 Billion
EUR

Operating Cash Flow

€3.25 Billion
EUR

Capital Expenditures

€1.41 Billion
EUR

Heidelberg Materials AG Free Cash Flow Generation Index (2002–2025)

Historical FCF Generation Index trend for Heidelberg Materials AG across 24 annual periods. Explore Heidelberg Materials AG capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Heidelberg Materials AG (2002–2025)

Year-by-year Free Cash Flow Generation Index for Heidelberg Materials AG. For the full company profile including market capitalisation, see how much is Heidelberg Materials AG worth.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.58x €1.89 Billion €3.25 Billion €1.36 Billion ▼ -1.7%
2024 0.59x €1.91 Billion €3.23 Billion €1.32 Billion ▲ +0.9%
2023 0.59x €1.88 Billion €3.21 Billion €1.33 Billion ▲ +30.5%
2022 0.45x €1.08 Billion €2.42 Billion €1.34 Billion ▲ +10.0%
2021 0.41x €976.50 Million €2.40 Billion €1.42 Billion ▼ -40.0%
2020 0.68x €2.06 Billion €3.03 Billion €969.30 Million ▲ +22.3%
2019 0.56x €1.48 Billion €2.66 Billion €1.18 Billion ▲ +20.6%
2018 0.46x €907.50 Million €1.97 Billion €1.06 Billion ▼ -6.3%
2017 0.49x €1.00 Billion €2.04 Billion €1.04 Billion ▲ +10.5%
2016 0.45x €834.10 Million €1.87 Billion €1.04 Billion ▲ +19.1%
2015 0.37x €541.60 Million €1.45 Billion €907.70 Million ▲ +2.7%
2014 0.36x €538.60 Million €1.48 Billion €941.20 Million ▲ +218.1%
2013 0.11x €121.00 Million €1.06 Billion €936.40 Million ▼ -74.6%
2012 0.45x €682.00 Million €1.51 Billion €831.40 Million ▲ +31.1%
2011 0.34x €458.00 Million €1.33 Billion €874.40 Million ▼ -4.1%
2010 0.36x €410.00 Million €1.14 Billion €734.00 Million ▲ +13.3%
2009 0.32x €368.11 Million €1.16 Billion €795.78 Million ▲ +14.0%
2008 0.28x €422.70 Million €1.52 Billion €1.10 Billion ▼ -39.2%
2007 0.46x €872.34 Million €1.91 Billion €1.04 Billion ▼ -17.5%
2006 0.55x €696.62 Million €1.26 Billion €562.20 Million ▲ +78.2%
2005 0.31x €246.89 Million €795.02 Million €548.12 Million ▼ -38.2%
2004 0.50x €470.86 Million €937.35 Million €466.49 Million ▲ +21.0%
2003 0.42x €274.06 Million €660.22 Million €386.15 Million ▼ -19.6%
2002 0.52x €487.61 Million €944.84 Million €457.24 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).