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 BAE Systems plc long-term investment allocation 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
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 BA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 market value of BAE Systems plc.
| 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 | — |