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

59.41 0.88 +1.50%
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) Return on invested capital

Alert me on Return on invested capital

Ryanair Holdings PLC's return on invested capital over the twelve months to 30 September 2026 was 15.3%, down 10.5 percentage points from fiscal 2026 (25.9%). Over the past ten years it has ranged from −7.78% (fiscal 2021) to 30.3% (fiscal 2016); the current reading is higher than 92% of that period. That is above the Airlines industry median of 4.91% and above the Industrials sector median of 1.86%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 25.9% 8.42
FY2025 17.4% (5.05)
FY2024 22.5% 2.83
FY2023 19.7% 22.75
FY2022 −3.09% 4.69
FY2021 −7.78% (21.67)
FY2020 13.9% 2.02
FY2019 11.9% (11.08)
FY2018 23.0% 1.07
FY2017 21.9% (8.38)

Against its own ten years

Low −7.78% High 30.3%
Ten-year median 20.8%
Current reading's percentile 92

Return on invested capital against peers

Company Return on invested capital
RYAAY Ryanair Holdings PLC 15.3%
CPA Copa Holdings, S.A. compare 12.4%
DAL Delta Air Lines, Inc. compare 10.5%
UAL United Airlines Holdings Inc compare 10.4%
LUV Southwest Airlines Co. compare 9.02%
SKYW SkyWest, Inc. compare 8.00%
AAL American Airlines Group Inc. compare 3.66%
LTM LATAM Airlines Group S.A. compare 0.00%
ALK Alaska Air Group, Inc. compare −2.44%
Airlines industry median 4.91%
Industrials sector median 1.86%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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