Companies in Luxembourg with the highest free cash flow
Free cash flow is operating cash flow minus capital expenditure: what is left once the company has paid to maintain and expand its asset base. We calculate it from two lines in the same filing, and a company is only ranked here if it reported both. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Spotify Technology (SPOT) tops the list with $3.2B in free cash flow for fiscal 2025, ahead of Millicom International Cellular ($1.1B) and Corporacion America Airports ($449M). The top 8 together report $6.0B in free cash flow; the gap between #1 and #8 is ×247.96. 8 companies in Luxembourg report free cash flow, 0.4% of the 2084-filer universe.
| # | Company | Free cash flow | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Spotify TechnologySPOTLUCommunication services | $3.2B | +31.3% | |
| 2 | Millicom International CellularTIGOLUCommunication services | $1.1B | +2.0% | |
| 3 | Corporacion America AirportsCAAPLUIndustrials | $449M | +14.1% | |
| 4 | SESSGBAFLUCommunication services | $436M | −44.5% | |
| 5 | GlobantGLOBLUTechnology | $282M | +27.6% | |
| 6 | Ardagh Metal PackagingAMBPLUIndustrials | $276M | −2.5% | |
| 7 | CriteoCRTOLUCommunication services | $208M | +15.8% | |
| 8 | Nexa ResourcesNEXALUMaterials | $13.1M | −85.8% |
All figures from SEC filings · FY2025 · 8
see sources
- Spotify Technology 0001628280-26-006874 · Derived
- Millicom International Cellular 0001628280-26-020831 · Derived
- Corporacion America Airports 0001104659-26-029442 · Derived
- SES 0001193125-26-138166 · Derived
- Globant 0001628280-26-012910 · Derived
- Ardagh Metal Packaging 0001104659-26-024068 · Derived
- Criteo 0001576427-26-000014 · Derived
- Nexa Resources 0001292814-26-001787 · Derived
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-with-the-highest-free-cash-flow-in-luxembourg">Companies in Luxembourg with the highest free cash flow</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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CompaniesRanked. (September 25, 2026). Companies in Luxembourg with the highest free cash flow. CompaniesRanked. https://companiesranked.com/en/companies-with-the-highest-free-cash-flow-in-luxembourgBibTeX
@misc{companiesranked-en-companies-with-the-highest-free-cash-flow-in-luxembourg-2026,
author = {{CompaniesRanked}},
title = {{Companies in Luxembourg with the highest free cash flow}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-free-cash-flow-in-luxembourg}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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