LEONARDO ADR 1/2/EO 440 (FMN) — Cash Flow Quality Index

Latest as of March 2026: -2.54x

LEONARDO ADR 1/2/EO 440 (FMN) has a Cash Flow Quality Index of -2.54x as of March 2026. Operating cash flow of €-411.00 Million is below net income of €162.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Also explore FMN total assets for the complete picture of this company's asset base.

Cash Flow Quality Index

-2.54x
Operating CF / Net Income

Operating Cash Flow

€-411.00 Million
EUR

Net Income

€162.00 Million
EUR

Data as of

Mar 2026
Most recent filing

LEONARDO ADR 1/2/EO 440 Cash Flow Quality Index (2021–2025)

Historical Cash Flow Quality Index for LEONARDO ADR 1/2/EO 440 across 5 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check FMN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for LEONARDO ADR 1/2/EO 440 (2021–2025)

Year-by-year earnings quality comparison for LEONARDO ADR 1/2/EO 440. For live market cap and the full company financial profile, see LEONARDO ADR 1/2/EO 440 (FMN) market capitalisation.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2025 1.43x €1.75 Billion €1.22 Billion ▼ -0.4%
2024 1.43x €1.54 Billion €1.07 Billion ▼ -20.4%
2023 1.80x €1.19 Billion €658.00 Million ▲ +45.0%
2022 1.24x €1.15 Billion €927.00 Million ▼ -2.0%
2021 1.27x €742.00 Million €585.00 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.