Turkish Airlines (THYAO) — Cash Flow Quality Index
Turkish Airlines (THYAO) has a Cash Flow Quality Index of 0.03x as of December 2025. Operating cash flow of TL1.07 Billion is below net income of TL38.78 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore THYAO long-term investment intensity 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
Turkish Airlines Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Turkish Airlines across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible equity quality of Turkish Airlines to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Turkish Airlines (2003–2025)
Year-by-year earnings quality comparison for Turkish Airlines. For live market cap and the full company financial profile, see Turkish Airlines market capitalisation.
| Year | Quality Index | Operating CF (TRY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.48x | TL4.30 Billion | TL2.91 Billion | ▲ +4264.9% |
| 2024 | 0.03x | TL3.84 Billion | TL113.38 Billion | ▲ +32.6% |
| 2023 | 0.03x | TL4.91 Billion | TL192.28 Billion | ▼ -99.0% |
| 2022 | 2.47x | TL117.01 Billion | TL47.43 Billion | ▼ -59.0% |
| 2021 | 6.01x | TL49.36 Billion | TL8.21 Billion | ▲ +109.2% |
| 2019 | 2.87x | TL13.03 Billion | TL4.54 Billion | ▲ +20.9% |
| 2018 | 2.38x | TL9.61 Billion | TL4.04 Billion | ▼ -83.1% |
| 2017 | 14.10x | TL9.01 Billion | TL639.00 Million | ▲ +944.3% |
| 2015 | 1.35x | TL4.04 Billion | TL2.99 Billion | ▼ -7.1% |
| 2014 | 1.45x | TL2.64 Billion | TL1.82 Billion | ▼ -65.1% |
| 2013 | 4.16x | TL2.84 Billion | TL682.71 Million | ▲ +131.2% |
| 2012 | 1.80x | TL2.04 Billion | TL1.13 Billion | ▼ -97.9% |
| 2011 | 83.83x | TL1.55 Billion | TL18.52 Million | ▲ +2688.3% |
| 2010 | 3.01x | TL861.17 Million | TL286.44 Million | ▲ +42.9% |
| 2009 | 2.10x | TL1.18 Billion | TL559.08 Million | ▲ +61.3% |
| 2008 | 1.30x | TL1.48 Billion | TL1.13 Billion | ▼ -44.4% |
| 2006 | 2.34x | TL435.57 Million | TL185.75 Million | ▼ -25.6% |
| 2005 | 3.15x | TL435.94 Million | TL138.23 Million | ▲ +5.4% |
| 2004 | 2.99x | TL320.45 Million | TL107.06 Million | ▲ +24.4% |
| 2003 | 2.41x | TL514.56 Trillion | TL213.86 Trillion | — |