Heineken (HEIA) — Cash Flow Quality Index
Heineken (HEIA) has a Cash Flow Quality Index of 2.91x as of December 2025. Operating cash flow of €3.32 Billion exceeds net income of €1.14 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow conversion of Heineken to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Heineken Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Heineken across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Heineken total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Heineken (1999–2025)
Year-by-year earnings quality comparison for Heineken. For live market cap and the full company financial profile, see Heineken market cap and net worth.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.34x | €5.01 Billion | €2.14 Billion | ▼ -50.5% |
| 2024 | 4.74x | €5.50 Billion | €1.16 Billion | ▲ +146.5% |
| 2023 | 1.92x | €4.43 Billion | €2.30 Billion | ▲ +14.7% |
| 2022 | 1.68x | €4.50 Billion | €2.68 Billion | ▲ +33.3% |
| 2021 | 1.26x | €4.18 Billion | €3.32 Billion | ▼ -37.2% |
| 2019 | 2.00x | €4.34 Billion | €2.17 Billion | ▼ -12.7% |
| 2018 | 2.29x | €4.39 Billion | €1.91 Billion | ▲ +14.3% |
| 2017 | 2.01x | €3.88 Billion | €1.94 Billion | ▼ -16.9% |
| 2016 | 2.41x | €3.72 Billion | €1.54 Billion | ▲ +30.9% |
| 2015 | 1.84x | €3.49 Billion | €1.89 Billion | ▼ -8.6% |
| 2014 | 2.02x | €3.06 Billion | €1.52 Billion | ▼ -5.6% |
| 2013 | 2.14x | €2.91 Billion | €1.36 Billion | ▲ +146.5% |
| 2012 | 0.87x | €2.69 Billion | €3.11 Billion | ▼ -53.5% |
| 2011 | 1.87x | €2.91 Billion | €1.56 Billion | ▲ +10.1% |
| 2010 | 1.69x | €2.66 Billion | €1.57 Billion | ▼ -18.7% |
| 2009 | 2.08x | €2.38 Billion | €1.14 Billion | ▼ -56.5% |
| 2008 | 4.78x | €1.66 Billion | €347.00 Million | ▲ +168.8% |
| 2007 | 1.78x | €1.73 Billion | €972.00 Million | ▲ +29.5% |
| 2006 | 1.37x | €1.85 Billion | €1.34 Billion | ▼ -44.1% |
| 2005 | 2.46x | €1.87 Billion | €761.00 Million | ▲ +3.4% |
| 2004 | 2.38x | €1.28 Billion | €537.00 Million | ▲ +15.9% |
| 2003 | 2.05x | €1.64 Billion | €798.00 Million | ▲ +48.5% |
| 2002 | 1.38x | €1.18 Billion | €857.00 Million | ▼ -9.0% |
| 2001 | 1.52x | €1.17 Billion | €767.00 Million | ▼ -8.9% |
| 2000 | 1.67x | €1.03 Billion | €621.00 Million | ▼ -8.1% |
| 1999 | 1.81x | €936.00 Million | €516.00 Million | — |