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Ryanair Holdings PLC

RYAAY Industrials Airlines

Ryanair Holdings PLC’s revenue for fiscal 2026 (year ended March 2026) was $18.0 billion, up 20.3% from fiscal 2025.

Revenue: +2.39%
EPS: −62.3%
Free cash flow: −150.2%
Total debt: −67.9%

Quarter to September 2026, against a year earlier

Revenue growth 5 yrs

59.18 0.65 +1.11%

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Market cap: $30.3B
P/E: 14.3×
Fwd P/E: —
Dividend yield: 0.00%
F-score: 9/9
Altman Z: 3.25
Beneish M: −3.05
Dividend safety: 70/100

Overview

Ryanair Holdings PLC (RYAAY) Debt to equity

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Ryanair Holdings PLC's debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.1× from fiscal 2026 (0.1×). Over the past ten years it has ranged from 0.1× (fiscal 2026) to 1.1× (fiscal 2021) — the current reading is the lowest in ten years. That is below the Airlines industry median of 0.8× and below the Industrials sector median of 0.3×.

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<iframe src="https://stockrow.com/embed/RYAAY/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Ryanair Holdings PLC debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/RYAAY/metrics/debt-to-equity">Ryanair Holdings PLC (RYAAY) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2026	0.1×	(62.97%)
FY2025	0.4×	6.16%
FY2024	0.3×	(51.06%)
FY2023	0.7×	(22.21%)
FY2022	0.9×	(21.07%)
FY2021	1.1×	39.86%
FY2020	0.8×	15.47%
FY2019	0.7×	(21.20%)
FY2018	0.9×	(10.54%)
FY2017	1.0×	(11.37%)

Period	Debt to equity	Change
Sep 2026	0.0×	842.50%
Jun 2026	0.0×	(97.00%)
Mar 2026	0.1×	(13.05%)
Dec 2025	0.2×	2.13%
43 more quarters	Free account

Against its own ten years

Low 0.1× High 1.1×

Ten-year median 0.8×

Current reading's percentile 8

Company	Debt to equity
AAL American Airlines Group Inc. compare	−7.0×
LTM LATAM Airlines Group S.A. compare	0.0×
RYAAY Ryanair Holdings PLC	0.0×
DAL Delta Air Lines, Inc. compare	0.6×
CPA Copa Holdings, S.A. compare	0.8×
LUV Southwest Airlines Co. compare	0.8×
SKYW SkyWest, Inc. compare	0.8×
UAL United Airlines Holdings Inc compare	1.5×
ALK Alaska Air Group, Inc. compare	1.7×
Airlines industry median	0.8×
Industrials sector median	0.3×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Ryanair Holdings PLC (RYAAY) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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