NatWest Group plc

RBSPFOTCFinancial Services● Active

$7.72

$-0.15(-1.84%)

Market Cap$61.5B

P/E Ratio—

52W High$9.72

52W Low$6.17

Avg Volume16K

Open$7.99

Beta0.82

Free Cash Flow Financials Revenue

NatWest Group plc (RBSPF) Free Cash Flow & Analysis

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

RBSPF · free cash flow · updated Jun 8, 2026

Core FCF metrics

RBSPF · FCF · TTM · margin & CAGR

Free cash flow was −$17.34B for FY2025 (fiscal year ending 2025-12-31), down 2599.2% year-over-year The FCF margin was -58.1%.

FY2025 Free Cash Flow−$17.34B▼ -2599.2% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin-58.1%−$17.34B ÷ revenue

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

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 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

RBSPF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$16.68B(665M)−$17.34B▼ 2599.2%-58.1%

FY2024$1.77B(1.08B)$694.0M▲ +104.7%4.8%

FY2023−$223.0M(1.55B)−$14.92B▼ 67.5%-105.3%

FY2022−$43.60B(639M)−$8.91B▼ 826.7%-68.6%

FY2021$53.68B(901M)−$961.0M▼ 103.3%-8.2%

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

FCF valuation metrics

RBSPF · P/FCF · FCF yield · FCF per share

NatWest Group plc (RBSPF) reported negative free cash flow of −$17.34B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

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

Cash flow statement summary

RBSPF · cash flow statement · operating / investing / financing

For FY2025, NatWest Group plc generated −$16.68B in operating cash flow and spent 665M in capital expenditures, yielding −$17.34B in free cash flow.

Operating Activities

−$16.68B

Cash from core business operations

2025-12-31

Investing Activities

−$15.91B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$22.40B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$16.68B) − |CapEx| (665M) = FCF (−$17.34B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

RBSPF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NatWest Group plcYOU

RBSPF

−$17.34B-2599.2%-58.1%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

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

About Free Cash Flow & Methodology

NatWest Group plc (RBSPF) reported free cash flow of −$17.34B for FY2025 (fiscal year ending 2025-12-31), down 2599.2% year-over-year. The FCF margin was -58.1%.

Based on available data, NatWest Group plc has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $34.58B in FY2017.

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

RBSPF free cash flow · 8 questions

NatWest Group plc free cash flow was −$17.34B for FY2025, down 2599.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

RBSPF free cash flowRBSPF FCFRBSPF FCF 2025RBSPF free cash flow TTM

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