Birkenstock Holding (BIRK) Cash Flow: Operating & Free Cash Flow

Birkenstock Holding (BIRK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), Birkenstock Holding generated EUR 384.30M of operating cash flow and spent EUR 76.73M on capital expenditures. That left free cash flow of EUR 307.57M, down 13.3% from EUR 354.80M a year earlier, or 14.7% of revenue. It repurchased EUR 176.38M of its own shares.

Birkenstock Holding Cash Flow Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Birkenstock Holding plc (BIRK) - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Sep 2025	Sep 2024	Dec 2023	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Operating Activities
Net Income	0.35	0.19	0.08	0.08	0.19	-0.04	0.10
Depreciation & Amortization	0.11	0.10	0.08	0.08	0.09	0.09	0.05
Deferred Income Tax	0.12	0.10	0.08	0.08	0.06	0.00	0.02
Stock Based Compensation	0.00	0.00	0.00	0.07	0.00	0.00	0.00
Change in Working Capital	-0.15	-0.09	-0.08	-0.08	-0.15	0.24	0.03
Change in Accounts Receivable	-0.06	-0.03	-0.03	-0.03	-0.01	0.11	-0.01
Change in Inventory	-0.09	-0.05	-0.10	-0.10	-0.16	0.18	0.04
Change in Accounts Payable	0.00	0.01	0.01	0.01	0.01	-0.05	0.00
Change in Other Working Capital	-0.01	0.13	0.03	0.01	0.01	0.01	0.00
Other Operating Activities	0.21	0.13	0.20	0.22	0.04	-0.05	-0.01
Net Cash from Operating Activities	0.38	0.43	0.36	0.36	0.23	0.26	0.19
Investing Activities
Capital Expenditures	-0.08	-0.07	-0.10	-0.10	-0.07	-0.02	-0.02
Acquisitions	0.00	0.00	0.00	-	0.00	0.00	0.00
Sales/Maturities of Investments	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.01	0.01	0.00	0.00	0.00	0.00	0.02
Net Cash from Investing Activities	-0.08	-0.06	-0.10	-0.10	-0.07	-0.01	0.00
Financing Activities
Debt Repayment	-0.09	-1.33	-0.08	-0.08	-0.03	-0.03	-0.03
Common Stock Issued	0.00	0.45	0.00	-	0.00	0.00	0.00
Common Stock Repurchased	-0.18	0.00	0.00	-	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	-	0.00	-0.16	-0.10
Other Financing Activities	-0.06	-0.01	-0.12	-0.12	-0.07	0.00	0.00
Net Cash from Financing Activities	-0.33	-0.36	-0.20	-0.20	-0.11	-0.03	-0.13
Summary
Effect of Forex Changes on Cash	0.00	0.00	-0.02	-0.02	0.01	0.16	0.00
Net Change in Cash	-0.03	0.01	0.04	0.04	0.07	0.22	0.06
Cash at Beginning of Period	0.40	0.34	0.31	0.31	0.24	0.00	0.04
Cash at End of Period	0.39	0.36	0.34	0.34	0.31	0.23	0.10
Free Cash Flow	0.31	0.35	0.26	0.26	0.16	0.23	0.17
Supplemental Disclosures
Interest Paid	0.06	0.10	-	0.12	0.07	0.00	-
Income Taxes Paid	0.13	0.01	-	0.01	0.02	0.06	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Birkenstock Holding Cash Flow

What is Birkenstock Holding's free cash flow?

Birkenstock Holding generated free cash flow of EUR 307.57M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of EUR 384.30M minus EUR 76.73M of capital expenditures. That was down 13.3% from EUR 354.80M a year earlier. Free cash flow equaled 14.7% of revenue.

How much does Birkenstock Holding spend on capital expenditures?

Birkenstock Holding spent EUR 76.73M on capital expenditures in fiscal 2025, compared with EUR 73.90M a year earlier. That equals 20.0% of operating cash flow.

Does Birkenstock Holding pay dividends or buy back shares?

Yes. In fiscal 2025 Birkenstock Holding returned EUR 176.38M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition