International Consolidated Airlines Group S.A.

BABWFOTCIndustrials● Active

$5.18

$-0.50(-8.80%)

Market Cap$23.1B

P/E Ratio—

52W High$6

52W Low$4.2

Avg Volume1K

Open$5.18

Beta1.36

Free Cash Flow Financials Revenue

International Consolidated Airlines Group S.A. (BABWF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BABWF · free cash flow · updated Jun 9, 2026

Core FCF metrics

BABWF · FCF · TTM · margin & CAGR

Free cash flow was $3.09B for FY2025 (fiscal year ending 2025-12-31), down 13.1% year-over-year The FCF margin was 9.5%.

FY2025 Free Cash Flow$3.09B▼ -13.1% YoY

Trailing 12M (TTM)$1.12Btrailing 4 quarters sum

FCF Margin9.5%$3.09B ÷ revenue

3-Year CAGR+47.6%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BABWF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$6.47B(3.38B)$3.09B▼ 13.1%9.5%

FY2024$6.37B(2.82B)$3.56B▲ +169.4%11.1%

FY2023$4.86B(3.54B)$1.32B▲ +37.5%4.5%

FY2022$4.83B(3.88B)$960.0M▲ +208.5%4.2%

FY2021−$141.0M(744M)−$885.0M▲ +83.1%-10.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BABWF · P/FCF · FCF yield · FCF per share

International Consolidated Airlines Group S.A. (BABWF) trades at a FCF yield of 16.45% and a price-to-free-cash-flow ratio of 21.6x. FCF per share stands at $0.24, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.45%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.24

TTM FCF ÷ Shares Outstanding

Price / FCF

x21.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x6.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BABWF · cash flow statement · operating / investing / financing

For FY2025, International Consolidated Airlines Group S.A. generated $6.47B in operating cash flow and spent 3.38B in capital expenditures, yielding $3.09B in free cash flow.

Operating Activities

+$6.47B

Cash from core business operations

2025-12-31

Investing Activities

−$2.72B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.33B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($6.47B) − |CapEx| (3.38B) = FCF ($3.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

BABWF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

International Consolidated Airlines Group S.A.YOU

BABWF

$3.09B-13.1%9.5%

30%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

International Consolidated Airlines Group S.A. (BABWF) reported free cash flow of $3.09B for FY2025 (fiscal year ending 2025-12-31), down 13.1% year-over-year. The FCF margin was 9.5%.

Based on available data, International Consolidated Airlines Group S.A. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $3.56B in FY2024.

International Consolidated Airlines Group S.A.'s FCF yield is 16.45% and price-to-FCF ratio is 21.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BABWF free cash flow · 8 questions

International Consolidated Airlines Group S.A. free cash flow was $3.09B for FY2025, down 13.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.12B.

BABWF free cash flowBABWF FCFBABWF FCF 2025BABWF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · International Consolidated Airlines Group S.A. · International Consolidated Airlines Group S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026