Ryanair Holdings Plc (RYAAY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2019, filed Jul 30, 2019. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RYAAY SEC filings page.
This page shows Ryanair Holdings Plc (RYAAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Heavy reinvestment turns robust operating cash generation into much thinner free cash flow, while dividends routinely exceed that remainder.
From FY2018 to FY2019, net income weakened, but operating cash flow stayed above$2B ; that divergence means reported profit deteriorated more than cash generation. After$1.55B of capital expenditures, FY2019 free cash flow was only$470.8M , showing how reinvestment constrains distributable cash.
Operating cash flow exceeded free cash flow in every reported year, with capital expenditures absorbing most of the operating inflow. The business is therefore cash-generative in operations but capital-intensive after reinvestment, making free cash flow the more informative measure of cash available for dividends.
Dividends exceeded FY2019 free cash flow by
Financial Health Signals
Ryanair Holdings Plc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
For every $1 of reported earnings, Ryanair Holdings Plc generates $2.28 in operating cash flow ($2.0B OCF vs $885.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Ryanair Holdings Plc reported $885.0M in net income in fiscal year 2019. This represents a decrease of 39.0% from the prior year.
Not reported for fiscal year 2019.
Not reported for fiscal year 2019.
Not reported for fiscal year 2019.
Cash & Balance Sheet
Ryanair Holdings Plc generated $470.8M in free cash flow in fiscal year 2019, representing cash available after capex. This represents a decrease of 38.3% from the prior year.
Ryanair Holdings Plc held $1.7B in cash as of fiscal year 2019; long-term debt is not reported for that period.
Not reported for fiscal year 2019.
Margins & Returns
None of these metrics is reported for fiscal year 2019.
Capital Allocation
Ryanair Holdings Plc invested $1.5B in capex in fiscal year 2019, funding long-term assets and infrastructure. This represents an increase of 5.2% from the prior year.
Not reported for fiscal year 2019.
Not reported for fiscal year 2019.
RYAAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted).
RYAAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Total Assets, Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Total Liabilities, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Total Equity, Retained Earnings.
RYAAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1910-K | FY1810-K | FY1710-K | FY1610-K |
|---|---|---|---|---|
| Operating Cash Flow | $2.0B-9.7% | $2.2B+15.9% | $1.9B+4.4% | $1.8B |
| Depreciation & Amortization | $640.5M+14.2% | $561.0M+12.8% | $497.5M+16.4% | $427.3M |
| Capital Expenditures | $1.5B+5.2% | $1.5B+1.4% | $1.4B+19.1% | $1.2B |
| Free Cash Flow | $470.8M-38.3% | $762.6M+59.7% | $477.4M-24.1% | $628.6M |
| Investing Cash Flow | -$1.0B-39.3% | -$719.4M+44.3% | -$1.3B-355.1% | -$283.6M |
| Financing Cash Flow | -$854.5M+30.1% | -$1.2B-82.1% | -$671.6M+54.9% | -$1.5B |
| Dividends Paid | $531.6M-35.9% | $829.1M-18.5% | $1.0B-7.8% | $1.1B |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ryanair Holdings Plc RYAAY | FY2019 | N/A | $885.0M | N/A | $28.2B | — |
| United Airlines Holdings Inc UAL | FY2025 | $59.1B | $3.4B | 5.7% | $36.2B | 41/100 |
| Delta Air Lines Inc Del DAL | FY2025 | $63.4B | $5.0B | 7.9% | $52.7B | 47/100 |
| Southwest Airls Co LUV | FY2025 | $28.1B | $441.0M | 1.6% | $19.4B | 33/100 |
| American Airline AAL | FY2025 | $54.6B | $111.0M | 0.2% | $8.7B | 27/100 |
Where Ryanair Holdings Plc Ranks
Frequently Asked Questions
Is Ryanair Holdings Plc profitable?
Yes, Ryanair Holdings Plc (RYAAY) reported a net income of $885.0M in fiscal year 2019.
What is Ryanair Holdings Plc's free cash flow?
Ryanair Holdings Plc (RYAAY) generated $470.8M in free cash flow during fiscal year 2019. This represents a -38.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ryanair Holdings Plc's operating cash flow?
Ryanair Holdings Plc (RYAAY) generated $2.0B in operating cash flow during fiscal year 2019, representing cash generated from core business activities.
What are Ryanair Holdings Plc's capital expenditures?
Ryanair Holdings Plc (RYAAY) invested $1.5B in capital expenditures during fiscal year 2019, funding long-term assets and infrastructure.
What is Ryanair Holdings Plc's P/E ratio?
Ryanair Holdings Plc (RYAAY) trades at 31.8x earnings, its market capitalization divided by net income of $885.0M net income, FY2019. The market capitalization is $28.2B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ryanair Holdings Plc's price-to-sales ratio?
Ryanair Holdings Plc (RYAAY) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $28.2B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Are Ryanair Holdings Plc's earnings high quality?
Ryanair Holdings Plc (RYAAY) has an earnings quality ratio of 2.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.