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 net asset quality index to measure how much of total assets are equity-financed.

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. Check FM cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

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
Zscaler Inc NASDAQ:ZS	0.226x
BK MANDIRI (PE).ADR/20 ON F:PQ90	0.295x
S.F. Holding Co. Ltd SHE:002352	0.061x
TechnipFMC PLC F:1T1	0.099x
ABN AMRO BK.UNSP.ADR/1 F:AB2A	N/A
Cathay Financial Holding Co Ltd Pref A TW:2882A	-0.066x
HANSOH PHARMAC. HD-00001 F:3KY	N/A
Sigma Healthcare Ltd AU:SIG	0.065x

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 (FM) total market value.

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

$23.71 Billion

CA$32.78 Billion CAD

Market Cap Rank

#1114 Global

#43 in Canada

Share Price

CA$39.58

Change (1 day)

+5.29%

52-Week Range

CA$22.18 - CA$46.13

All Time High

CA$46.13