Diageo plc

DEONYSEConsumer Defensive● Active

$80.40

$-0.03(-0.04%)

Market Cap$44.7B

P/E Ratio—

52W High$116.41

52W Low$72.45

Avg Volume1.5M

Open$79.82

Beta0.30

Free Cash Flow Financials Revenue

Diageo plc (DEO) Free Cash Flow & Analysis

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

DEO · free cash flow · updated Jun 8, 2026

Core FCF metrics

DEO · FCF · TTM · margin & CAGR

Free cash flow was $2.69B for FY2025 (fiscal year ending 2025-06-30), down 41.1% year-over-year The FCF margin was 13.3%. Five-year CAGR stands at +10.6%.

FY2025 Free Cash Flow$2.69B▼ -41.1% YoY

Trailing 12M (TTM)$8.10Btrailing 4 quarters sum

FCF Margin13.3%$2.69B ÷ revenue

3-Year CAGR-1.8%FY2022 → FY2025

5-Year CAGR+10.6%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

DEO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.30B(1.61B)$2.69B▼ 41.1%13.3%

FY2024$4.11B(1.51B)$4.55B▲ +33.3%22.5%

FY2023$2.86B(1.12B)$3.42B▲ +20.4%21.1%

FY2022$3.94B(1.10B)$2.84B▼ 6.3%16.7%

FY2021$3.65B(626M)$3.03B▲ +86.9%23.8%

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

FCF valuation metrics

DEO · P/FCF · FCF yield · FCF per share

Diageo plc (DEO) trades at a FCF yield of 3.65% and a price-to-free-cash-flow ratio of 5.5x. FCF per share stands at $14.58, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.65%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$14.58

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x40.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

DEO · cash flow statement · operating / investing / financing

For FY2025, Diageo plc generated $4.30B in operating cash flow and spent 1.61B in capital expenditures, yielding $2.69B in free cash flow.

Operating Activities

+$4.30B

Cash from core business operations

2025-06-30

Investing Activities

−$1.72B

CapEx, acquisitions & investments

2025-06-30

Financing Activities

−$1.49B

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF ($4.30B) − |CapEx| (1.61B) = FCF ($2.69B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

DEO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Diageo plcYOU

DEO

$2.69B-41.1%13.3%

18%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

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

About Free Cash Flow & Methodology

Diageo plc (DEO) reported free cash flow of $2.69B for FY2025 (fiscal year ending 2025-06-30), down 41.1% year-over-year. The FCF margin was 13.3%.

Based on available data, Diageo plc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.55B in FY2024. The 5-year CAGR stands at +10.6%.

Diageo plc's FCF yield is 3.65% and price-to-FCF ratio is 5.5x 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

DEO free cash flow · 8 questions

Diageo plc free cash flow was $2.69B for FY2025, down 41.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.10B.

DEO free cash flowDEO FCFDEO FCF 2025DEO free cash flow TTM

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