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). Explore Heidelberg Materials AG capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

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

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

Year-by-year Free Cash Flow Generation Index for Heidelberg Materials AG. Check Heidelberg Materials AG cash flow 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 0.58x €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).