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

58.37 0.68 −1.15%
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) Price to free cash flow

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As of 5 November 2026, Ryanair Holdings PLC (RYAAY) trades at a price to free cash flow of 17.5×. Over the past ten years it has ranged from 0.0× (March 2022) to 96.0× (March 2019); the current reading is higher than 61% of that period. That is in line with the Airlines industry median of 18.0× and below the Industrials sector median of 19.6×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 14.6× 28.56%
FY2025 11.4× (71.81%)
FY2024 40.3× 1,022.71%
FY2023 3.6× (81.60%)
FY2022 19.5× —
FY2021 0.0× —
FY2020 14.2× (54.86%)
FY2019 31.5× (1.95%)
FY2018 32.1× (18.86%)
FY2017 39.6× 94.92%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 16.5× (2.89%)
Jun 2026 16.9× 16.13%
Mar 2026 14.6× 122.10%
Dec 2025 6.6× 26.55%
43 more quarters

Against its own ten years

Low 0.0× High 96.0×
Ten-year median 15.3×
Current reading's percentile 61

Price to free cash flow against peers

Company Price to free cash flow
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare n/m
LTM LATAM Airlines Group S.A. compare 6.4×
RYAAY Ryanair Holdings PLC 17.5×
DAL Delta Air Lines, Inc. compare 18.6×
SKYW SkyWest, Inc. compare 22.7×
UAL United Airlines Holdings Inc compare 29.9×
CPA Copa Holdings, S.A. compare 32.9×
LUV Southwest Airlines Co. compare 123×
Airlines industry median 18.0×
Industrials sector median 19.6×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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