Vodafone Group (LSE:VOD) FCF Margin %: 25.43% (As of Mar. 2026) — 23% Above Median


LSE:VOD Vodafone Group PLC LSE:VOD
49 GF Score
Price £1.06
GF Value £0.96
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Vodafone Group FCF Margin %?

Vodafone Group LSE:VOD -0.84% 49 FCF Margin % is 25.43% as of Mar. 2026, which is 23% above its 10-year median of 20.65. GuruFocus rates LSE:VOD with a GF Score™ of 49/100 and a GF Value™ of £0.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 367 Telecommunication Services companies, Vodafone Group ranks better than 73.84% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Vodafone Group's Free Cash Flow for the six months ended in Mar. 2026 was £4,597 Mil. Vodafone Group's Revenue for the six months ended in Mar. 2026 was £18,080 Mil. Therefore, Vodafone Group's FCF Margin % for the quarter that ended in Mar. 2026 was 25.43%.

As of today, Vodafone Group's current FCF Yield % is 24.69%.

The historical rank and industry rank for Vodafone Group's FCF Margin % or its related term are showing as below:

LSE:VOD' s FCF Margin % Range Over the Past 10 Years
Min: 11.06   Med: 20.65   Max: 30.15
Current: 17.23


During the past 13 years, the highest FCF Margin % of Vodafone Group was 30.15%. The lowest was 11.06%. And the median was 20.65%.

LSE:VOD's FCF Margin % is ranked better than
73.84% of 367 companies
in the Telecommunication Services industry
Industry Median: 8.25 vs LSE:VOD: 17.23


Vodafone Group FCF Margin % Related Terms


Vodafone Group FCF Margin % Historical Data

* Premium members only.

The historical data trend for Vodafone Group's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vodafone Group FCF Margin % Chart

Vodafone Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.15 27.34 26.41 23.16 17.23

Vodafone Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.54 13.35 32.52 8.52 25.43

LSE:VOD vs TMUS, VZ, T: FCF Margin % Comparison

For the Telecom Services subindustry, Vodafone Group's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vodafone Group FCF Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vodafone Group's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Vodafone Group's FCF Margin % falls into.


LSE:VOD
49GF Score
Vodafone Group PLC LSE:VOD
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vodafone Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Vodafone Group's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=6045.953/35081.792
=17.23 %

Vodafone Group's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=4597.11/18079.769
=25.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 25.43% mean?
Vodafone Group (LSE:VOD) has a FCF Margin % of 25.43% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vodafone Group and its competitors. This is 23% above median its historical median of 20.65. Over the past decade, Vodafone Group's FCF Margin % has ranged from 11.06 to 30.15. According to the industry distribution chart, Vodafone Group ranks #96 out of 367 companies in the Telecommunication Services industry, placing it in the top 26.2%.
Is Vodafone Group's FCF Margin % too high?
Vodafone Group's current FCF Margin % of 25.43% is 23% above median its 10-year median of 20.65. Over the past 10 years, this metric has ranged from a low of 11.06 to a high of 30.15. The Telecommunication Services industry median FCF Margin % is 8.25. Vodafone Group's value of 25.43% is 208.2% above this industry median. Based on the distribution chart, Vodafone Group ranks #96 out of 367 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Vodafone Group has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's FCF Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodafone Group ranks #96 out of 367 companies for FCF Margin %. This puts Vodafone Group in the upper half of its industry. The industry median FCF Margin % is 8.25. Vodafone Group's value of 25.43% is 208.2% above this benchmark. Historically, Vodafone Group's own FCF Margin % has ranged from 11.06 to 30.15 over the past decade. While the company's 10-year median is 20.65 vs. the industry median of 8.25, Vodafone Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Telecommunication Services company?
The median FCF Margin % among Telecommunication Services companies is 8.25, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vodafone Group's current FCF Margin % of 25.43% is 208.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vodafone Group and its competitors. For the Telecommunication Services industry, the median FCF Margin % is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current FCF Margin % is 25.43%, which is 23% above median its own 10-year median of 20.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (LSE:VOD) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.96, compared to a current price of £1.06 — trading 10.8% above its estimated fair value. The current FCF Margin % is 25.43%, which is 23% above median its 10-year median of 20.65 and 208.2% above the Telecommunication Services industry median of 8.25. Vodafone Group's overall GF Score™ is 49/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Vodafone Group (LSE:VOD), the current FCF Margin % is 25.43% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vodafone Group (LSE:VOD) Overvalued in 2026?

Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued. The current stock price of £1.06 is trading 10.8% above its estimated GF Value™ of £0.96. GuruFocus considers Vodafone Group to be Modestly Overvalued.

Key valuation signals for LSE:VOD:

  • FCF Margin %: 25.43% (23% above median its 10-year median of 20.65)
  • GF Value™: £0.96 vs. price of £1.06 (10.8% above fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 208.2% above the Telecommunication Services median (#96 of 367)

No single metric tells the full story. See the LSE:VOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vodafone Group Business Description

Address Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
49GF Score

Get the complete analysis for LSE:VOD

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.06
Price
£0.96
GF Value