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

59.02 0.49 +0.84%
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

Ryanair Holdings PLC (RYAAY) Free cash flow margin

Alert me on Free cash flow margin

Ryanair Holdings PLC's free cash flow margin over the twelve months to 30 September 2026 was 9.45%, down 2.2 percentage points from fiscal 2026 (11.6%). Over the past ten years it has ranged from −160.8% (fiscal 2021) to 18.4% (fiscal 2023); the current reading is higher than 58% of that period. That is above the Airlines industry median of 3.29% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 11.6% (1.76)
FY2025 13.4% 7.66
FY2024 5.70% (12.69)
FY2023 18.4% 0.28
FY2022 18.1% 178.92
FY2021 −160.8% (169.62)
FY2020 8.81% 2.69
FY2019 6.12% (4.54)
FY2018 10.7% 3.48
FY2017 7.18% (8.53)

Against its own ten years

Low −160.8% High 18.4%
Ten-year median 11.1%
Current reading's percentile 58

Free cash flow margin against peers

Company Free cash flow margin
LTM LATAM Airlines Group S.A. compare 12.7%
RYAAY Ryanair Holdings PLC 9.45%
CPA Copa Holdings, S.A. compare 4.44%
DAL Delta Air Lines, Inc. compare 4.21%
SKYW SkyWest, Inc. compare 3.19%
UAL United Airlines Holdings Inc compare 1.84%
LUV Southwest Airlines Co. compare 0.56%
AAL American Airlines Group Inc. compare −0.15%
ALK Alaska Air Group, Inc. compare −4.25%
Airlines industry median 3.29%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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