Zalando SE (ZAL) — Free Cash Flow Generation Index
Zalando SE (ZAL) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of €843.30 Million represents 1% of operating cash flow (€881.80 Million). Explore capital reinvestment ratio of Zalando SE to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Zalando SE Free Cash Flow Generation Index (2014–2025)
Historical FCF Generation Index trend for Zalando SE across 12 annual periods. For the full cash flow conversion analysis, see Zalando SE operating cash flow efficiency.
Annual Free Cash Flow Generation for Zalando SE (2014–2025)
Year-by-year Free Cash Flow Generation Index for Zalando SE. Check cash flow reinvestment rate of Zalando SE 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 | 0.91x | €1.03 Billion | €1.13 Billion | €98.00 Million | ▲ +33.5% |
| 2024 | 0.68x | €447.30 Million | €654.10 Million | €206.80 Million | ▼ -5.4% |
| 2023 | 0.72x | €686.30 Million | €949.50 Million | €263.20 Million | ▲ +206.9% |
| 2022 | 0.24x | €108.30 Million | €459.90 Million | €351.60 Million | ▼ -48.8% |
| 2021 | 0.46x | €283.30 Million | €616.20 Million | €332.90 Million | ▼ -12.6% |
| 2020 | 0.53x | €277.30 Million | €527.40 Million | €250.10 Million | ▲ +731.1% |
| 2019 | 0.06x | €20.70 Million | €327.20 Million | €306.50 Million | ▲ +120.5% |
| 2018 | -0.31x | €-65.60 Million | €212.80 Million | €278.40 Million | ▼ -18.9% |
| 2017 | -0.26x | €-50.20 Million | €193.70 Million | €243.90 Million | ▼ -176.0% |
| 2016 | 0.34x | €94.10 Million | €275.80 Million | €181.70 Million | ▼ -31.4% |
| 2015 | 0.50x | €59.40 Million | €119.40 Million | €60.00 Million | ▼ -29.8% |
| 2014 | 0.71x | €123.80 Million | €174.80 Million | €51.00 Million | — |