Pricing Log in Create free account
Saturday 17 October 2026 Export RYAAY’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 3.52%, EPS fell 72.6%, free cash flow fell 10.7% and total debt fell 98.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

52.61 0.52 +1.00%
Market cap
$27.0B
P/E
5.3×
Fwd P/E
—
Dividend yield
0.00%
F-score
9/9
Altman Z
3.25
Beneish M
−3.05
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.39
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 10 1 — — — —
Insider Ownership 0.52%

Capital & Financial Ratios $m

Market Cap 26,980.00
Revenue 18,201.63
Net Income 2,215.49
Free Cash Flow 1,989.45
Net Debt (4,299.55)
Current Ratio 0.79 (below 1: weak)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 5.27
Fwd P/E —
P/S ratio 1.50
P/B ratio 2.48
Past 5Y EPS Growth —
This Y EPS Growth (20.91%) (below 0%: weak)
Next Y EPS Growth (3.25%) (below 0%: weak)
Next Y revenue growth —
Next 5Y EPS Growth 3.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 2.1×; over the ten years it ranged from 0.6× in 2022 to 14.9× in 2021.
P/E against its own 10 years 9.77%
10-year low 10-year high
P/S against its own 10 years 19.39%
10-year low 10-year high
P/B against its own 10 years 24.59%
10-year low 10-year high
EV/Sales against its own 10 years 17.77%
10-year low 10-year high
EV/FCF against its own 10 years 30.07%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2025 1.00
0.46
0.53
0.53
2024 0.96
0.39
0.96
0.40
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 4,837 4,283 6,624 4,344
Receivables 83 79 51 111
Inventory 7 5 6 5
Other 1,380 2,090 2,302 2,747
6,307 6,456 8,983 7,208
2024 2025 2026 Q'26
Payables 857 754 707 829
ST’ Debt 54 911 1,390 —
Other 243 299 235 126
6,927 8,759 9,943 9,128

Compound Annual Growth %

10y 5y 3y
Sales 9.59% 56.66% 17.12%
Cash Flow 7.71% 0.00% 1.88%
Earnings 3.89% 0.00% 22.60%
Book Value 11.42% 16.64% 25.86%

Revenue $m

Jun Sep Dec Mar Year
’26 5,097 — — — —
’26 4,924 6,405 3,742 2,957 18,028
’25 3,905 5,570 3,155 2,354 14,985
’24 3,979 5,361 2,906 2,303 14,550
’23 2,769 3,898 2,360 2,008 11,221
’22 446 2,104 1,681 1,349 5,581
’21 138 1,229 407 137 1,911
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 1,399 — — — —
’26 1,655 424 (93) 2,299 4,285
’25 1,213 86 (132) 2,502 3,669
’24 1,365 421 (401) 2,033 3,418
’23 1,501 268 (14) 2,361 4,052
’22 716 510 (189) 1,219 2,256
’21 (382) (971) (1,097) (409) (2,859)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 847 — — — —
’26 948 (170) (465) 1,777 2,091
’25 673 (352) (319) 1,999 2,002
’24 205 (145) (758) 1,527 829
’23 1,058 (190) (405) 2,361 2,063
’22 617 275 (672) 790 1,011
’21 (534) (653) (1,128) (758) (3,073)
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 1.19 — — — —
’26 4.35 9.40 0.17 (0.86) 4.74
’25 0.68 7.06 0.72 (0.59) 3.12
’24 1.26 2.88 0.03 (0.52) 3.64
’23 0.35 0.92 0.36 (0.14) 2.68
’22 (0.58) 0.46 (0.19) (0.19) (0.50)
’21 (0.37) (0.48) (0.68) (0.61) (2.14)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 31.35 27.03 22.31 17.78 37.89 22.37 29.60 36.97 38.52 51.02

Analyst estimates 2027–2029

Powerpack
High 50.96 51.06 35.35 47.29 50.92 50.32 54.48 60.32 73.92 74.24
People
People Employees 13,026 14,583 16,840 17,268 15,016 19,116 22,261 27,076 25,952 25,711
Revenue/emp, $m 0.56 0.57 0.53 0.55 0.13 0.29 0.50 0.54 0.58 0.70
Income, $m
Income, $m Revenue 7,295 8,372 8,914 9,445 1,911 5,581 11,221 14,550 14,985 18,028
Gross margin, % 58.21 60.27 54.68 54.06 49.27 47.66 51.13 50.71 50.51 53.80
EBT 1,614 1,887 1,098 745 (1,295) (500) 1,502 2,303 1,917 2,811
EBT margin, % 22.12 22.53 12.32 7.89 (67.78) (8.95) 13.39 15.83 12.79 15.59
Net income 1,444 1,698 1,025 721 (1,186) (280) 1,368 2,075 1,731 2,521
Depreciation 546 657 742 832 667 836 961 1,147 1,305 1,593
Per share, $
Per share, $ Revenue 11.68 14.03 15.59 16.96 3.44 9.87 19.74 25.54 27.21 34.16
Earnings 2.31 2.84 1.79 1.30 (2.14) (0.50) 2.69 3.65 3.14 4.78
Cash flow 3.38 4.38 4.09 3.88 (5.15) 3.99 7.13 6.00 6.66 8.12
Capex (2.55) (2.89) (3.13) (2.39) (0.38) (2.20) (3.50) (4.54) (3.03) (4.16)
Free cash flow 0.84 1.50 0.95 1.49 (5.53) 1.79 3.63 1.46 3.63 3.96
Book value 7.77 8.77 10.56 9.81 9.78 11.40 10.34 14.47 13.73 22.20
Shares, m 625 597 572 557 555 565 568 570 551 528
Valuation, ×
Valuation, × P/E 12.71 17.15 16.51 16.24 0.00 0.00 25.20 16.00 5.36 4.39
P/S 2.84 3.43 1.93 1.25 13.37 3.53 0.78 2.29 1.56 1.69
P/B 4.28 5.48 2.84 2.16 4.71 3.06 1.40 4.05 3.09 2.60
EV/Sales 2.84 3.44 1.95 1.27 14.65 3.80 0.72 2.15 1.45 1.41
EV/FCF 39.52 32.23 31.81 14.43 (9.11) 21.01 3.33 37.81 10.88 12.17
Cash, $m
Cash, $m Operating cash flow 2,115 2,615 2,336 2,161 (2,859) 2,256 4,052 3,418 3,669 4,285
Capex (1,591) (1,722) (1,791) (1,329) (213) (1,245) (1,989) (2,589) (1,668) (2,195)
Free cash flow 524 893 545 832 (3,073) 1,011 2,063 829 2,002 2,091
Balance, $m
Balance, $m Working capital 1,859 909 (339) (1,128) (80) 89 (1,573) (621) (2,302) (960)
Total debt 4,812 4,640 4,220 4,409 6,125 5,742 4,072 2,795 2,722 1,562
Net debt (46) 83 163 175 2,445 1,527 (1,101) (2,042) (1,561) (5,062)
Shareholders’ equity 4,854 5,232 6,039 5,464 5,427 6,446 5,877 8,241 7,560 11,716
Returns, %
Returns, % ROA 11.31 12.29 6.87 4.54 (7.70) (1.75) 7.89 11.63 9.26 12.09
ROIC 21.88 22.95 11.87 13.89 (7.78) (3.09) 19.66 22.49 17.44 25.86
ROE 32.72 33.67 18.19 12.54 (21.77) (4.72) 22.21 29.39 21.91 26.16
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Ryanair Holdings PLC vs peers in Airlines (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DAL Delta Air Lines, Inc. $51.4B 15.0× 16.9× +21.07% (above 0%: growing) −47.25% (below 0%: shrinking) −56.40% (below 0%: shrinking) 21.85% 7.20% Compare
UAL United Airlines Holdings Inc $32.9B 9.0× 10.8× +15.99% (above 0%: growing) −17.17% (below 0%: shrinking) −69.34% (below 0%: shrinking) 61.75% 6.20% Compare
RYAAY Ryanair Holdings PLC $27.0B 5.3× — +3.52% (above 0%: growing) −72.60% (below 0%: shrinking) −10.66% (below 0%: shrinking) 49.61% 13.12%
LUV Southwest Airlines Co. $20.0B 23.8× 15.0× +16.40% (above 0%: growing) +20.00% (above 0%: growing) +86.75% (above 0%: growing) 21.20% 3.38% Compare
ZNH China Southern Airlines Company Limited $17.7B — (loss-making) — −21.77% (below 0%: shrinking) n/m +258.94% (above 0%: growing) 10.93% 3.41% Compare
LTM LATAM Airlines Group S.A. $13.9B 8.7× 8.8× +27.15% (above 0%: growing) −45.68% (below 0%: shrinking) −20.71% (below 0%: shrinking) 16.27% 5.29% Compare
AAL American Airlines Group Inc. $8.1B — (loss-making) — (loss-making) +16.28% (above 0%: growing) −87.91% (below 0%: shrinking) −175.65% (below 0%: shrinking) 20.73% 2.67% Compare
CPA Copa Holdings, S.A. $5.5B 8.7× 8.2× +25.72% (above 0%: growing) −53.74% (below 0%: shrinking) +207.63% (above 0%: growing) 50.85% 8.65% Compare
ALK Alaska Air Group, Inc. $4.1B — (loss-making) — (loss-making) +9.75% (above 0%: growing) n/m −14.61% (below 0%: shrinking) 100.00% (4.13%) Compare
Median of peers $15.8B 9.0× 10.8× +16.34% −46.46% −17.66% 21.53% 4.35%

All 19 Airlines stocks →

Ryanair Holdings PLC (RYAAY) key facts

  • Strength: Ryanair Holdings PLC’s revenue for fiscal 2026 (year ended March 2026) was $18.0 billion, up 20.3% from fiscal 2025.
  • Ryanair Holdings PLC (RYAAY) is an Airlines company in the Industrials sector, traded in the US as an ADR.
  • As of October 16, 2026, RYAAY traded at $52.61, a market capitalization of $27.0 billion.
  • Return on equity was 26.2% and debt-to-equity 0.00.
  • Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 3.25 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Ryanair Holdings PLC (RYAAY) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/RYAAY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com