BAE Systems plc (BA) — Cash Flow Quality Index
BAE Systems plc (BA) has a Cash Flow Quality Index of 2.89x as of December 2025. Operating cash flow of GBX3.16 Billion exceeds net income of GBX1.09 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow conversion of BAE Systems plc to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
BAE Systems plc Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for BAE Systems plc across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check BAE Systems plc (BA) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for BAE Systems plc (1991–2025)
Year-by-year earnings quality comparison for BAE Systems plc. For live market cap and the full company financial profile, see BA market cap.
| Year | Quality Index | Operating CF (GBX) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.60x | GBX3.30 Billion | GBX2.06 Billion | ▼ -16.8% |
| 2024 | 1.92x | GBX3.92 Billion | GBX2.04 Billion | ▼ -5.0% |
| 2023 | 2.02x | GBX3.76 Billion | GBX1.86 Billion | ▲ +19.4% |
| 2022 | 1.70x | GBX2.84 Billion | GBX1.67 Billion | ▲ +32.5% |
| 2021 | 1.28x | GBX2.45 Billion | GBX1.91 Billion | ▲ +50.5% |
| 2020 | 0.85x | GBX1.17 Billion | GBX1.37 Billion | ▼ -18.4% |
| 2019 | 1.04x | GBX1.60 Billion | GBX1.53 Billion | ▼ -13.1% |
| 2018 | 1.20x | GBX1.20 Billion | GBX1.00 Billion | ▼ -47.7% |
| 2017 | 2.29x | GBX1.90 Billion | GBX827.00 Million | ▲ +70.4% |
| 2016 | 1.35x | GBX1.23 Billion | GBX913.00 Million | ▲ +52.9% |
| 2015 | 0.88x | GBX808.00 Million | GBX918.00 Million | ▼ -2.6% |
| 2014 | 0.90x | GBX669.00 Million | GBX740.00 Million | ▲ +238.1% |
| 2013 | -0.65x | GBX-110.00 Million | GBX168.00 Million | ▼ -132.5% |
| 2012 | 2.01x | GBX2.17 Billion | GBX1.08 Billion | ▲ +560.2% |
| 2011 | 0.31x | GBX482.00 Million | GBX1.58 Billion | ▼ -49.2% |
| 2010 | 0.60x | GBX962.00 Million | GBX1.60 Billion | ▼ -64.3% |
| 2009 | 1.69x | GBX1.63 Billion | GBX969.00 Million | ▲ +82.9% |
| 2008 | 0.92x | GBX1.58 Billion | GBX1.72 Billion | ▼ -42.9% |
| 2007 | 1.61x | GBX1.90 Billion | GBX1.18 Billion | ▲ +196.4% |
| 2006 | 0.54x | GBX512.00 Million | GBX941.00 Million | ▼ -77.3% |
| 2005 | 2.39x | GBX1.93 Billion | GBX806.00 Million | ▼ -99.7% |
| 2004 | 721.33x | GBX2.16 Billion | GBX3.00 Million | ▲ +35080.3% |
| 2003 | 2.05x | GBX529.00 Million | GBX258.00 Million | ▲ +294.2% |
| 2001 | 0.52x | GBX220.00 Million | GBX423.00 Million | ▼ -93.7% |
| 2000 | 8.22x | GBX1.55 Billion | GBX189.00 Million | ▲ +1959.5% |
| 1999 | 0.40x | GBX206.00 Million | GBX516.00 Million | ▲ +139.9% |
| 1998 | -1.00x | GBX-603.00 Million | GBX603.00 Million | ▼ -319.3% |
| 1997 | 0.46x | GBX238.00 Million | GBX522.00 Million | ▼ -60.8% |
| 1996 | 1.16x | GBX507.00 Million | GBX436.00 Million | ▲ +578.7% |
| 1995 | 0.17x | GBX49.00 Million | GBX286.00 Million | ▲ +114.4% |
| 1991 | -1.19x | GBX-255.00 Million | GBX215.00 Million | — |