Fortescue Ltd Cash Flow Quality Index
Fortescue Ltd 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. See financial agility of Fortescue Ltd to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Fortescue Ltd (1994–2025)
Cash flow quality index of Fortescue Ltd from 1994 to 2025. Historical Cash Flow Quality Index for Fortescue Ltd across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore FMG operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Fortescue Ltd Cash Flow Quality Index by Year (1994–2025)
Fortescue Ltd cash flow quality index by year from 1994 to 2025. Year-by-year earnings quality comparison for Fortescue Ltd. For the full cash flow conversion analysis, see Fortescue Ltd (FMG) cash flow conversion.
| 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 | — |