Ryanair Holdings (RYAAY) FCF Margin (2009 - 2026)
Ryanair Holdings (RYAAY) posted FCF Margin of 38.28% for Q2 2026, down 63.57% on a QoQ basis from 105.07% in Q1 2026, and down 970.0% year-over-year from 4.4% in Q2 2025.
Analysis
Ryanair Holdings (RYAAY) FCF Margin (2009 - 2026) Analysis & Trends
Ryanair Holdings has reported FCF Margin for 18 years, with the latest figure at 38.28% in Q2 2026.
- On a quarterly basis, FCF Margin fell 970.0% year-over-year to 38.28% in Q2 2026; TTM through Jun 2026 was 34.61%, a 275.0% decrease from a year earlier, with the FY2026 full-year figure at 35.94%, up 33.0% from the prior year.
- FCF Margin was 38.28% for Q2 2026 at Ryanair Holdings, down from 105.07% in the prior quarter.
- The five-year high for FCF Margin was 152.47% in Q1 2023, with the low at 0.23% in Q4 2023.
- Average FCF Margin over 5 years is 53.7%, with a median of 41.59% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 11229 bps in 2022, then surged 3071 bps in 2023.
- Over 5 years, FCF Margin stood at 14.41% in 2022, then tumbled by 102 bps to 0.23% in 2023, then soared by 2784 bps to 6.07% in 2024, then soared by 56 bps to 9.49% in 2025, then surged by 303 bps to 38.28% in 2026.
- The last three FCF Margin figures came in at 38.28% (Q2 2026), 105.07% (Q1 2026), and 9.49% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.14 Bn | 46.47 Bn | 19.07 Bn | 12.05% |
| 2 | Ryanair Holdings | 27.96 Bn | 24.03 Bn | - | 38.28% |
| 3 | Southwest Airlines | 18.91 Bn | 15.12 Bn | 7.33 Bn | -3.42% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.45 Bn | 1.79 Bn | 3.76 Bn | 2.63% |
| 6 | Skywest | 3.77 Bn | 3.17 Bn | 1.01 Bn | 25.74% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.20 Bn | 1.17 Bn | - | 5.61% |
| 8 | Allegiant Travel | 1.74 Bn | 681.68 Mn | 902.77 Mn | -7.91% |
| 9 | Jetblue Airways | 1.65 Bn | -373.56 Mn | 2.32 Bn | -13.98% |
| 10 | Frontier Group Holdings | 1.27 Bn | 311.03 Mn | - | 9.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.28% |
| Mar 31, 2026 | 105.07% |
| Dec 31, 2025 | 9.49% |
| Sep 30, 2025 | 14.02% |
| Jun 30, 2025 | 47.98% |
| Mar 31, 2025 | 123.90% |
| Dec 31, 2024 | 6.07% |
| Sep 30, 2024 | 8.20% |
| Jun 30, 2024 | 44.90% |
| Mar 31, 2024 | 107.40% |
| Dec 31, 2023 | -0.23% |
| Sep 30, 2023 | 18.48% |
| Jun 30, 2023 | 63.44% |
| Mar 31, 2023 | 152.47% |
| Dec 31, 2022 | 14.41% |
| Sep 30, 2022 | 20.66% |
| Jun 30, 2022 | 70.22% |
| Mar 31, 2022 | 121.77% |
| Dec 31, 2021 | 23.07% |
| Sep 30, 2021 | 37.81% |