Spirax Group plc (SPX) — Cash Flow Quality Index

Latest as of June 2026: 0.68x

Spirax Group plc (SPX) has a Cash Flow Quality Index of 0.68x as of June 2026. Operating cash flow of GBX66.30 Million is below net income of GBX97.50 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Spirax Group plc cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

0.68x
Operating CF / Net Income

Operating Cash Flow

GBX66.30 Million
GBX

Net Income

GBX97.50 Million
GBX

Data as of

Jun 2026
Most recent filing

Spirax Group plc Cash Flow Quality Index (1991–2025)

Historical Cash Flow Quality Index for Spirax Group plc across 35 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Spirax Group plc (SPX) cash flow conversion.

Annual Cash Flow Quality Index for Spirax Group plc (1991–2025)

Year-by-year earnings quality comparison for Spirax Group plc.

Year Quality Index Operating CF (GBX) Net Income YoY Change
2025 1.59x GBX259.60 Million GBX163.40 Million ▼ -2.9%
2024 1.64x GBX312.80 Million GBX191.20 Million ▲ +0.6%
2023 1.63x GBX298.60 Million GBX183.60 Million ▲ +107.8%
2022 0.78x GBX241.10 Million GBX308.10 Million ▼ -10.0%
2021 0.87x GBX273.40 Million GBX314.50 Million ▼ -19.5%
2020 1.08x GBX259.20 Million GBX240.10 Million ▲ +12.4%
2019 0.96x GBX227.40 Million GBX236.80 Million ▲ +0.8%
2018 0.95x GBX212.60 Million GBX223.10 Million ▼ -5.8%
2017 1.01x GBX159.40 Million GBX157.60 Million ▼ -22.4%
2016 1.30x GBX157.90 Million GBX121.10 Million ▼ -3.4%
2015 1.35x GBX130.30 Million GBX96.50 Million ▲ +19.2%
2014 1.13x GBX113.66 Million GBX100.33 Million ▼ -1.3%
2013 1.15x GBX117.21 Million GBX102.10 Million ▲ +36.3%
2012 0.84x GBX107.54 Million GBX127.65 Million ▲ +47.7%
2011 0.57x GBX73.84 Million GBX129.50 Million ▼ -15.1%
2010 0.67x GBX81.49 Million GBX121.40 Million ▼ -28.3%
2009 0.94x GBX71.68 Million GBX76.52 Million ▲ +18.1%
2008 0.79x GBX64.25 Million GBX81.03 Million ▼ -0.9%
2007 0.80x GBX54.67 Million GBX68.34 Million ▲ +68.5%
2006 0.47x GBX29.41 Million GBX61.94 Million ▼ -37.2%
2005 0.76x GBX41.72 Million GBX55.17 Million ▼ -16.9%
2004 0.91x GBX44.30 Million GBX48.70 Million ▲ +96.8%
2003 0.46x GBX21.15 Million GBX45.75 Million ▼ -35.5%
2002 0.72x GBX30.59 Million GBX42.67 Million ▲ +40.1%
2001 0.51x GBX20.88 Million GBX40.80 Million ▲ +43.9%
2000 0.36x GBX15.42 Million GBX43.37 Million ▼ -8.7%
1999 0.39x GBX16.63 Million GBX42.72 Million ▼ -20.7%
1998 0.49x GBX15.84 Million GBX32.28 Million ▲ +9.4%
1997 0.45x GBX21.79 Million GBX48.57 Million ▲ +6.5%
1996 0.42x GBX20.31 Million GBX48.21 Million ▲ +3.6%
1995 0.41x GBX17.90 Million GBX44.02 Million ▼ -21.3%
1994 0.52x GBX18.51 Million GBX35.84 Million ▼ -8.9%
1993 0.57x GBX15.93 Million GBX28.09 Million ▲ +21.0%
1992 0.47x GBX11.91 Million GBX25.40 Million ▲ +14.7%
1991 0.41x GBX10.11 Million GBX24.75 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.