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 FMG strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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 Fortescue Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
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 market cap and net worth.
| 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 | — |