Mercedes-Benz Group AG

MBGAFOTCConsumer Cyclical● Active

$55.66

+$0.36(+0.65%)

Market Cap$53.3B

P/E Ratio—

52W High$72.81

52W Low$55.34

Avg Volume26K

Open$55.40

Beta0.66

Free Cash Flow Financials Revenue

Mercedes-Benz Group AG (MBGAF) Free Cash Flow & Analysis

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

MBGAF · free cash flow · updated Jun 9, 2026

Core FCF metrics

MBGAF · FCF · TTM · margin & CAGR

Free cash flow was $12.52B for FY2025 (fiscal year ending 2025-12-31), up 38.0% year-over-year The FCF margin was 9.5%. Five-year CAGR stands at -1.9%.

FY2025 Free Cash Flow$12.52B▲ +38.0% YoY

Trailing 12M (TTM)$9.23Btrailing 4 quarters sum

FCF Margin9.5%$12.52B ÷ revenue

3-Year CAGR+7.8%FY2022 → FY2025

5-Year CAGR-1.9%FY2020 → FY2025

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

MBGAF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$18.00B(5.48B)$12.52B▲ +38.0%9.5%

FY2024$17.73B(8.66B)$9.07B▲ +45.0%6.2%

FY2023$14.47B(8.21B)$6.26B▼ 37.4%4.1%

FY2022$16.89B(6.90B)$9.99B▼ 42.0%6.7%

FY2021$24.55B(7.32B)$17.23B▲ +25.1%12.9%

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

FCF valuation metrics

MBGAF · P/FCF · FCF yield · FCF per share

Mercedes-Benz Group AG (MBGAF) trades at a FCF yield of 19.91% and a price-to-free-cash-flow ratio of 6.0x. FCF per share stands at $9.24, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

19.91%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.24

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.5

Enterprise Value basis

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

Cash flow statement summary

MBGAF · cash flow statement · operating / investing / financing

For FY2025, Mercedes-Benz Group AG generated $18.00B in operating cash flow and spent 5.48B in capital expenditures, yielding $12.52B in free cash flow.

Operating Activities

+$18.00B

Cash from core business operations

2025-12-31

Investing Activities

−$9.20B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$10.45B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($18.00B) − |CapEx| (5.48B) = FCF ($12.52B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MBGAF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Mercedes-Benz Group AGYOU

MBGAF

$12.52B+38.0%9.5%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

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

About Free Cash Flow & Methodology

Mercedes-Benz Group AG (MBGAF) reported free cash flow of $12.52B for FY2025 (fiscal year ending 2025-12-31), up 38.0% year-over-year. The FCF margin was 9.5%.

Based on available data, Mercedes-Benz Group AG has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $17.23B in FY2021. The 5-year CAGR stands at -1.9%.

Mercedes-Benz Group AG's FCF yield is 19.91% and price-to-FCF ratio is 6.0x 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

MBGAF free cash flow · 8 questions

Mercedes-Benz Group AG free cash flow was $12.52B for FY2025, up 38.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $9.23B.

MBGAF free cash flowMBGAF FCFMBGAF FCF 2025MBGAF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Mercedes-Benz Group AG · Mercedes-Benz Group AG SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026