Vestas Wind Systems A/S (VWSA) — Cash Flow Quality Index

Latest as of March 2026: -3.52x

Vestas Wind Systems A/S (VWSA) has a Cash Flow Quality Index of -3.52x as of March 2026. Operating cash flow of €-289.00 Million is below net income of €82.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Also explore Vestas Wind Systems A/S (VWSA) total assets for the complete picture of this company's asset base.

Cash Flow Quality Index

-3.52x
Operating CF / Net Income

Operating Cash Flow

€-289.00 Million
EUR

Net Income

€82.00 Million
EUR

Data as of

Mar 2026
Most recent filing

Vestas Wind Systems A/S Cash Flow Quality Index (2016–2025)

Historical Cash Flow Quality Index for Vestas Wind Systems A/S across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Vestas Wind Systems A/S tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for Vestas Wind Systems A/S (2016–2025)

Year-by-year earnings quality comparison for Vestas Wind Systems A/S. For live market cap and the full company financial profile, see Vestas Wind Systems A/S market capitalisation.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2025 2.94x €2.29 Billion €778.00 Million ▼ -37.1%
2024 4.67x €2.33 Billion €499.00 Million ▼ -37.7%
2023 7.51x €578.00 Million €77.00 Million ▲ +31.1%
2021 5.72x €956.00 Million €167.00 Million ▲ +489.4%
2020 0.97x €743.00 Million €765.00 Million ▼ -16.9%
2019 1.17x €823.00 Million €704.00 Million ▼ -21.7%
2018 1.49x €1.02 Billion €684.00 Million ▼ -17.9%
2017 1.82x €1.62 Billion €894.00 Million ▼ -19.6%
2016 2.26x €2.18 Billion €965.00 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.