RYAAY Industrials

Ryanair Holdings plc

$54.60-1.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Airlines
Country: Ireland
Market cap: 28.3B USD
Enterprise value: 52.1B USD
Full-time employees: 30,000

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.64)
Drawback: less short-term liquidity (current ratio 0.90 vs a peer median of 1.62)less liquidity (current ratio 0.90 vs peers 1.62)
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #544 of 2,308 industrials companies (top 24%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +65% since FY Mar 2023, operating cash flow −5.0%.
Ryanair's reported profit rose 65% since FY Mar 2023, but the cash its operations generate changed −5.0%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Ryanair's reported profit rose 65% since FY Mar 2023, but the cash its operations generate changed −5.0%. When profit and cash diverge like this, it's worth understanding why.
Profits growing faster than sales. Since FY Mar 2023: revenue +44%, operating profit +65%.
Since FY Mar 2023, Ryanair's revenue grew 44% while operating profit grew 65%: each extra dollar of sales is adding more profit.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from EUR 1.6B in FY Mar 2021 to EUR 15.5B in FY Mar 2026.
Ryanair's fiscal-year revenue rose in each of the five years to FY Mar 2026, from EUR 1.6B to EUR 15.5B.

StockQuotient Score

64/ 100▼ 1 since Oct 27 close

Oct 5 64 → Nov 4 64

Valuation

Is the price right?

73/100

Moderate▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 75 → 73

Share price +2.5%-1
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.3%

SEC filings (IFRS mapped) · 12 months to Mar 2026 · EUR→USD at the current rateReported value30% base weight · Z-score 0.18Sector median: 0.0377 · MAD: 0.0294

EBITDA yield15.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · EUR→USD convertedReported value50% base weight · Z-score 1.97Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield3.6%

SEC filings (IFRS mapped) · 12 months to Mar 2026 · EUR→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score -0.03Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield20.1%

SEC filings (IFRS mapped) · latest balance sheet · EUR→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

57/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 11.4%

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-31.3%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported value33% base weight · Z-score -1.55Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth13.0%

SEC filings (IFRS mapped) · 3 years to Mar 2026Reported value33% base weight · Z-score 1.40Sector median: 0.0421 · MAD: 0.0625

Revenue growth11.4%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported value33% base weight · Z-score 0.92Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

92/100

Strong

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Operating margin rose 4.1 points to 15.3%

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.3%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported value33% base weight · Z-score 1.49Sector median: 0.0773 · MAD: 0.0507

Return on assets11.0%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported value33% base weight · Z-score 3.29Sector median: 0.0311 · MAD: 0.0241

Return on invested capital21.2%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported value33% base weight · Z-score 2.51Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin27.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity21.5%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Debt down 44%

Why

Mixed versus peers:

▲ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.96

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.14Sector median: 0.6440 · MAD: 0.2745

Current ratio0.90×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.33Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.15×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.75Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Ryanair

Is Ryanair getting weaker?: Its latest SEC filing (Jun 22, 2026) got stronger: operating margin rose 4.1 points to 15.3%; debt down 44%. Its overall score is 64/100, down 1 since Oct 28, 2026.
How is Ryanair valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 2,459 industrials peers. EBITDA yield 15.3% vs a peer median of 6.9% (stronger than 85% of peers).EBITDA yield 15.3% vs peers 6.9% (stronger than 85% of peers).
Is Ryanair growing?: At about the same pace as its peers. Growth scores 57/100 against 2,459 industrials peers. 3-year revenue growth 13.0% vs a peer median of 4.2% (stronger than 80% of peers).3-year revenue growth 13.0% vs peers 4.2% (stronger than 80% of peers). Earnings per share growth -31.3% vs a peer median of 7.1% (weaker than 83% of peers).Earnings per share growth -31.3% vs peers 7.1% (weaker than 83% of peers).
How profitable is Ryanair?: More profitable than most of its peers. Profitability scores 92/100 against 2,459 industrials peers. Return on assets 11.0% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 11.0% vs peers 3.1% (stronger than 95% of peers).
How risky is Ryanair?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.15× vs a peer median of 0.40× (stronger than 72% of peers).Debt / equity 0.15× vs peers 0.40× (stronger than 72% of peers). Current ratio 0.90× vs a peer median of 1.62× (weaker than 89% of peers).Current ratio 0.90× vs peers 1.62× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Mar 31, 2026 · filed Jun 22, 2026 · compared with the year ended Mar 31, 2025

Got stronger

Operating margin rose 4.1 points to 15.3%
Debt down 44%

	Previous year	Latest year	Change
Revenue (12 months)	13.9B EUR	15.5B EUR	+11.4%
Net income (12 months)	1.6B EUR	2.2B EUR	+34.9%
Operating margin	11.2%	15.3%	+4.1 pts
Free cash flow (12 months)	1.9B EUR	1.8B EUR	−3.3%
Debt	2.7B EUR	1.5B EUR	−44.1%
Cash	3.9B EUR	2.7B EUR	−29.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in EUR, as reported

Key ratios	FY Mar 2022	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Operating margin	-7.1%	13.4%	15.3%	11.2%	15.3%	▲ 4.1 pts
Net margin	-5.0%	12.2%	14.3%	11.6%	14.0%	▲ 2.4 pts
Return on assets (ROA)	-1.6%	8.0%	11.2%	9.2%	11.0%	▲ 1.8 pts
Return on equity (ROE)	-4.3%	23.3%	25.2%	22.9%	21.5%	▼ 1.4 pts
Free cash flow margin	15.8%	18.3%	5.7%	13.4%	11.6%	▼ 1.8 pts
Current ratio	1.01×	0.80×	0.91×	0.74×	0.90×	▲ 23%
Quick ratio	1.01×	0.80×	0.91×	0.74×	0.90×	▲ 23%
Debt to equity	0.92×	0.73×	0.35×	0.38×	0.15×	▼ 61%
Interest coverage	-3.72×	18.78×	24.83×	23.43×	62.81×	▲ 168%

RYAAY price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.64)

Drawback: less short-term liquidity (current ratio 0.90 vs a peer median of 1.62)less liquidity (current ratio 0.90 vs peers 1.62)

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #544 of 2,308 industrials companies (top 24%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +65% since FY Mar 2023, operating cash flow −5.0%.

Ryanair's reported profit rose 65% since FY Mar 2023, but the cash its operations generate changed −5.0%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Ryanair's reported profit rose 65% since FY Mar 2023, but the cash its operations generate changed −5.0%. When profit and cash diverge like this, it's worth understanding why.

Profits growing faster than sales. Since FY Mar 2023: revenue +44%, operating profit +65%.

Since FY Mar 2023, Ryanair's revenue grew 44% while operating profit grew 65%: each extra dollar of sales is adding more profit.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from EUR 1.6B in FY Mar 2021 to EUR 15.5B in FY Mar 2026.

Ryanair's fiscal-year revenue rose in each of the five years to FY Mar 2026, from EUR 1.6B to EUR 15.5B.

Questions investors ask about Ryanair

Is Ryanair getting weaker?

Its latest SEC filing (Jun 22, 2026) got stronger: operating margin rose 4.1 points to 15.3%; debt down 44%. Its overall score is 64/100, down 1 since Oct 28, 2026.

How is Ryanair valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 2,459 industrials peers. EBITDA yield 15.3% vs a peer median of 6.9% (stronger than 85% of peers).EBITDA yield 15.3% vs peers 6.9% (stronger than 85% of peers).

Is Ryanair growing?

At about the same pace as its peers. Growth scores 57/100 against 2,459 industrials peers. 3-year revenue growth 13.0% vs a peer median of 4.2% (stronger than 80% of peers).3-year revenue growth 13.0% vs peers 4.2% (stronger than 80% of peers). Earnings per share growth -31.3% vs a peer median of 7.1% (weaker than 83% of peers).Earnings per share growth -31.3% vs peers 7.1% (weaker than 83% of peers).

How profitable is Ryanair?

More profitable than most of its peers. Profitability scores 92/100 against 2,459 industrials peers. Return on assets 11.0% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 11.0% vs peers 3.1% (stronger than 95% of peers).

How risky is Ryanair?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.15× vs a peer median of 0.40× (stronger than 72% of peers).Debt / equity 0.15× vs peers 0.40× (stronger than 72% of peers). Current ratio 0.90× vs a peer median of 1.62× (weaker than 89% of peers).Current ratio 0.90× vs peers 1.62× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

13.9B EUR

15.5B EUR

+11.4%

Net income (12 months)

1.6B EUR

2.2B EUR

+34.9%

Operating margin

11.2%

15.3%

+4.1 pts

Free cash flow (12 months)

1.9B EUR

1.8B EUR

−3.3%

Debt

2.7B EUR

1.5B EUR

−44.1%

Cash

3.9B EUR

2.7B EUR

−29.2%

Key ratios

FY Mar 2022

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Operating margin

-7.1%

13.4%

15.3%

11.2%

15.3%

▲ 4.1 pts

Net margin

-5.0%

12.2%

14.3%

11.6%

14.0%

▲ 2.4 pts

Return on assets (ROA)

-1.6%

8.0%

11.2%

9.2%

11.0%

▲ 1.8 pts

Return on equity (ROE)

-4.3%

23.3%

25.2%

22.9%

21.5%

▼ 1.4 pts

Free cash flow margin

15.8%

18.3%

5.7%

13.4%

11.6%

▼ 1.8 pts

Current ratio

1.01×

0.80×

0.91×

0.74×

0.90×

▲ 23%

Quick ratio

1.01×

0.80×

0.91×

0.74×

0.90×

▲ 23%

Debt to equity

0.92×

0.73×

0.35×

0.38×

0.15×

▼ 61%

Interest coverage

-3.72×

18.78×

24.83×

23.43×

62.81×

▲ 168%