First Quantum Minerals Ltd (FM) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.186x

Based on the latest financial reports, First Quantum Minerals Ltd (FM) has a cash flow conversion efficiency ratio of 0.186x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$2.08 Billion ≈ $1.50 Billion USD) by net assets (CA$11.16 Billion ≈ $8.08 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See FM days of operational coverage to measure how many days the company can operate on defensive assets alone.

First Quantum Minerals Ltd - Cash Flow Conversion Efficiency Trend (1997–2025)

This chart illustrates how First Quantum Minerals Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

First Quantum Minerals Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of First Quantum Minerals Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Veeva Systems Inc Class A NYSE:VEEV	0.015x
Hershey Co NYSE:HSY	0.099x
Edison International NYSE:EIX	0.076x
CenterPoint Energy Inc NYSE:CNP	0.025x
Credicorp Ltd MX:BAPN	-0.020x
TechnipFMC PLC NYSE:FTI	0.099x
Advanced Info Service Public Company Limited F:NVAA	0.311x
ResMed Inc NYSE:RMD	0.085x

Annual Cash Flow Conversion Efficiency for First Quantum Minerals Ltd (1997–2025)

The table below shows the annual cash flow conversion efficiency of First Quantum Minerals Ltd from 1997 to 2025. For the full company profile with market capitalisation and key ratios, see First Quantum Minerals Ltd stock valuation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$11.54 Billion ≈ $8.34 Billion	CA$2.08 Billion ≈ $1.50 Billion	0.180x	+29.92%
2024-12-31	CA$11.90 Billion ≈ $8.61 Billion	CA$1.65 Billion ≈ $1.19 Billion	0.139x	+4.77%
2023-12-31	CA$10.78 Billion ≈ $7.80 Billion	CA$1.43 Billion ≈ $1.03 Billion	0.132x	-30.52%
2022-12-31	CA$12.24 Billion ≈ $8.85 Billion	CA$2.33 Billion ≈ $1.69 Billion	0.191x	-24.08%
2021-12-31	CA$11.49 Billion ≈ $8.31 Billion	CA$2.88 Billion ≈ $2.09 Billion	0.251x	+56.16%
2020-12-31	CA$10.04 Billion ≈ $7.26 Billion	CA$1.61 Billion ≈ $1.17 Billion	0.161x	+92.78%
2019-12-31	CA$10.66 Billion ≈ $7.71 Billion	CA$889.00 Million ≈ $643.09 Million	0.083x	-54.85%
2018-12-31	CA$10.72 Billion ≈ $7.76 Billion	CA$1.98 Billion ≈ $1.43 Billion	0.185x	+104.63%
2017-12-31	CA$10.13 Billion ≈ $7.33 Billion	CA$914.00 Million ≈ $661.17 Million	0.090x	+0.56%
2016-12-31	CA$10.29 Billion ≈ $7.44 Billion	CA$923.00 Million ≈ $667.68 Million	0.090x	-19.88%
2015-12-31	CA$10.63 Billion ≈ $7.69 Billion	CA$1.19 Billion ≈ $861.55 Million	0.112x	+51.96%
2014-12-31	CA$10.09 Billion ≈ $7.30 Billion	CA$743.60 Million ≈ $537.91 Million	0.074x	-22.89%
2013-12-31	CA$9.09 Billion ≈ $6.57 Billion	CA$868.80 Million ≈ $628.48 Million	0.096x	+64.15%
2012-12-31	CA$5.88 Billion ≈ $4.25 Billion	CA$342.50 Million ≈ $247.76 Million	0.058x	-41.12%
2011-12-31	CA$4.17 Billion ≈ $3.02 Billion	CA$412.30 Million ≈ $298.25 Million	0.099x	-59.35%
2010-12-31	CA$3.13 Billion ≈ $2.26 Billion	CA$761.30 Million ≈ $550.71 Million	0.243x	+24.41%
2009-12-31	CA$2.88 Billion ≈ $2.08 Billion	CA$562.60 Million ≈ $406.98 Million	0.196x	-56.21%
2008-12-31	CA$1.71 Billion ≈ $1.24 Billion	CA$765.40 Million ≈ $553.68 Million	0.447x	+48.76%
2007-12-31	CA$1.80 Billion ≈ $1.30 Billion	CA$540.80 Million ≈ $391.21 Million	0.300x	-36.35%
2006-12-31	CA$1.17 Billion ≈ $843.39 Million	CA$549.88 Million ≈ $397.78 Million	0.472x	-22.05%
2005-12-31	CA$389.23 Million ≈ $281.56 Million	CA$235.49 Million ≈ $170.35 Million	0.605x	+215.48%
2004-12-31	CA$160.03 Million ≈ $115.76 Million	CA$30.69 Million ≈ $22.20 Million	0.192x	+2.48%
2003-12-31	CA$85.09 Million ≈ $61.55 Million	CA$15.92 Million ≈ $11.52 Million	0.187x	+356.02%
2002-12-31	CA$55.72 Million ≈ $40.31 Million	CA$-4.07 Million ≈ $-2.95 Million	-0.073x	-154.40%
2001-12-31	CA$48.67 Million ≈ $35.20 Million	CA$6.54 Million ≈ $4.73 Million	0.134x	-52.02%
2000-12-31	CA$33.56 Million ≈ $24.28 Million	CA$9.40 Million ≈ $6.80 Million	0.280x	-30.36%
1999-12-31	CA$24.64 Million ≈ $17.82 Million	CA$9.91 Million ≈ $7.17 Million	0.402x	+743.53%
1998-12-31	CA$22.96 Million ≈ $16.61 Million	CA$-1.43 Million ≈ $-1.04 Million	-0.062x	-77.08%
1997-12-31	CA$29.86 Million ≈ $21.60 Million	CA$-1.05 Million ≈ $-762.37K	-0.035x	--

About First Quantum Minerals Ltd

TO:FM Canada Copper

Market Cap

$27.14 Billion

CA$37.52 Billion CAD

Market Cap Rank

#978 Global

#41 in Canada

Share Price

CA$45.30

Change (1 day)

-1.80%

52-Week Range

CA$20.96 - CA$46.13

All Time High

CA$46.13