Bayer AG

BAYRYOTCHealthcare● Active

$10.25

$-0.05(-0.46%)

Market Cap$40.3B

P/E Ratio—

52W High$14.85

52W Low$7.19

Avg Volume1.4M

Open$10.19

Beta0.84

Free Cash Flow Financials Revenue

Bayer AG (BAYRY) Free Cash Flow & Analysis

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

BAYRY · free cash flow · updated Jun 8, 2026

Core FCF metrics

BAYRY · FCF · TTM · margin & CAGR

Free cash flow was $2.00B for FY2025 (fiscal year ending 2025-12-31), down 56.4% year-over-year The FCF margin was 4.6%. Five-year CAGR stands at -4.2%.

FY2025 Free Cash Flow$2.00B▼ -56.4% YoY

Trailing 12M (TTM)$1.63Btrailing 4 quarters sum

FCF Margin4.6%$2.00B ÷ revenue

3-Year CAGR-21.5%FY2022 → FY2025

5-Year CAGR-4.2%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 8, 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

BAYRY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.39B(2.39B)$2.00B▼ 56.4%4.6%

FY2024$7.37B(2.78B)$4.59B▲ +94.0%9.8%

FY2023$5.12B(2.75B)$2.37B▼ 42.9%5.0%

FY2022$7.09B(2.95B)$4.14B▲ +67.2%8.2%

FY2021$5.09B(2.61B)$2.48B▼ 0.3%5.6%

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

FCF valuation metrics

BAYRY · P/FCF · FCF yield · FCF per share

Bayer AG (BAYRY) trades at a FCF yield of 5.76% and a price-to-free-cash-flow ratio of 24.4x. FCF per share stands at $0.42, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.42

TTM FCF ÷ Shares Outstanding

Price / FCF

x24.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x33.8

Enterprise Value basis

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

Cash flow statement summary

BAYRY · cash flow statement · operating / investing / financing

For FY2025, Bayer AG generated $4.39B in operating cash flow and spent 2.39B in capital expenditures, yielding $2.00B in free cash flow.

Operating Activities

+$4.39B

Cash from core business operations

2025-12-31

Investing Activities

−$1.55B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.10B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.39B) − |CapEx| (2.39B) = FCF ($2.00B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

BAYRY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Bayer AGYOU

BAYRY

$2.00B-56.4%4.6%

10%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

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

About Free Cash Flow & Methodology

Bayer AG (BAYRY) reported free cash flow of $2.00B for FY2025 (fiscal year ending 2025-12-31), down 56.4% year-over-year. The FCF margin was 4.6%.

Based on available data, Bayer AG has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $6.51B in FY2016. The 5-year CAGR stands at -4.2%.

Bayer AG's FCF yield is 5.76% and price-to-FCF ratio is 24.4x 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

BAYRY free cash flow · 8 questions

Bayer AG free cash flow was $2.00B for FY2025, down 56.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.63B.

BAYRY free cash flowBAYRY FCFBAYRY FCF 2025BAYRY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Bayer AG · Bayer AG SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026