Fortescue Ltd (FMG) — Cash Flow Quality Index

Latest as of December 2025: 1.66x

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 operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.66x
Operating CF / Net Income

Operating Cash Flow

AU$3.23 Billion
AUD

Net Income

AU$1.95 Billion
AUD

Data as of

Dec 2025
Most recent filing

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. For the full cash flow conversion analysis, see Fortescue Ltd (FMG) cash flow conversion.

Annual Cash Flow Quality Index for Fortescue Ltd (1994–2025)

Year-by-year earnings quality comparison for Fortescue Ltd.

Year Quality Index Operating CF (AUD) Net Income YoY Change
2025 1.24x AU$6.47 Billion AU$5.21 Billion ▼ -10.8%
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 —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.