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). See HEI current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.

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 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

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 HEI stock market capitalisation.

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).