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Financial statements

RYANAIR HOLDINGS PLC financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data RYANAIR HOLDINGS PLC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2018FY2018FY2019
Net income1,5591,3161,450885

Balance sheet

FY2016FY2018FY2018FY2019
Cash and equivalents1,2591,2241,5151,676

Cash flow statement

FY2016FY2018FY2018FY2019
Net income1,5591,3161,450885
Cash from operations1,8461,9272,2332,018
Capital expenditures-1,218-1,450-1,471-1,547
Cash from investing-284-1,291-719-1,002
Dividends paid-1,104-1,018-829-532
Cash from financing-1,488-672-1,223-855
Net change in cash74.6-35.2291161
Free cash flow629477763471
Interest paid70.969.556.160.6

Key metrics

Worked out from the statements above. Latest values use fiscal 2019. Valuation uses the share price of $55.13 on September 28, 2026.

Growth

MetricValueHow it is calculated
Net income growth, 1y-39.0%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y-17.2%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y-9.7%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y3.0%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y-38.3%Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y-9.2%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Efficiency

MetricValueHow it is calculated
FCF conversion53.2%Free cash flow / net income, when net income is positive.
Capex / operating cash flow76.7%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
Payout ratio60.1%Dividends paid / net income, when net income is positive.
Dividends / FCF112.9%Dividends paid / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$29.01BShare price x shares outstanding.
Enterprise value$27.34BMarket cap + total debt - cash - short-term investments.
P/E32.8xMarket cap / net income. Only when net income is positive.
P/FCF61.6xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF14.4xMarket cap / cash from operations, when positive.
EV/FCF58.1xEnterprise value / free cash flow, when both are positive.
FCF yield1.6%Free cash flow / market cap.
Earnings yield3.1%Net income / market cap (the inverse of P/E).
Dividend yield1.8%Dividends paid over the period / market cap.
Shareholder yield1.8%(Dividends paid + share buybacks) / market cap.
Was RYANAIR HOLDINGS PLC profitable in fiscal 2019?

Yes. Net income was $885.0M, a net margin of -.

How much free cash flow did RYANAIR HOLDINGS PLC generate in fiscal 2019?

Cash from operations of $2.02B minus capital expenditures of $1.55B left free cash flow of $470.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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