Fortescue Ltd (FMG) — Cash Flow Quality Index
Fortescue Ltd (FMG) has a Cash Flow Quality Index of 1.66x as of December 2025. Operating cash flow of AU$3.23 Billion exceeds net income of AU$1.95 Billion, indicating high earnings quality where cash backs reported profits. Explore how efficiently does Fortescue Ltd generate cash to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Fortescue Ltd Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Fortescue Ltd across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check FMG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Fortescue Ltd (1994–2025)
Year-by-year earnings quality comparison for Fortescue Ltd. For live market cap and the full company financial profile, see Fortescue Ltd (FMG) market capitalisation.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.92x | AU$6.47 Billion | AU$3.37 Billion | ▲ +37.7% |
| 2024 | 1.39x | AU$7.92 Billion | AU$5.68 Billion | ▼ -10.0% |
| 2023 | 1.55x | AU$11.16 Billion | AU$7.20 Billion | ▲ +44.4% |
| 2022 | 1.07x | AU$9.63 Billion | AU$8.98 Billion | ▼ -12.3% |
| 2021 | 1.22x | AU$16.80 Billion | AU$13.73 Billion | ▼ -9.7% |
| 2020 | 1.35x | AU$9.30 Billion | AU$6.86 Billion | ▼ -0.9% |
| 2019 | 1.37x | AU$4.26 Billion | AU$3.12 Billion | ▼ -10.7% |
| 2018 | 1.53x | AU$1.28 Billion | AU$835.03 Million | ▼ -23.8% |
| 2017 | 2.01x | AU$4.27 Billion | AU$2.12 Billion | ▼ -18.2% |
| 2016 | 2.46x | AU$2.48 Billion | AU$1.01 Billion | ▼ -49.8% |
| 2015 | 4.90x | AU$2.02 Billion | AU$411.89 Million | ▲ +127.5% |
| 2014 | 2.15x | AU$6.23 Billion | AU$2.89 Billion | ▲ +16.0% |
| 2013 | 1.85x | AU$2.99 Billion | AU$1.61 Billion | ▲ +5.0% |
| 2012 | 1.77x | AU$2.79 Billion | AU$1.58 Billion | ▼ -30.1% |
| 2011 | 2.53x | AU$2.77 Billion | AU$1.09 Billion | ▲ +13.1% |
| 2010 | 2.24x | AU$1.10 Billion | AU$489.61 Million | ▲ +94.8% |
| 2009 | 1.15x | AU$466.37 Million | AU$406.15 Million | ▲ +112.8% |
| 2004 | -8.94x | AU$-5.38 Million | AU$602.00K | ▼ -621.6% |
| 2001 | 1.71x | AU$325.49K | AU$189.97K | ▲ +122.7% |
| 2000 | -7.55x | AU$-228.98K | AU$30.35K | ▼ -629.6% |
| 1997 | -1.03x | AU$-130.36K | AU$126.05K | ▲ +34.0% |
| 1994 | -1.57x | AU$-565.72K | AU$361.23K | — |