Telefonica (TEF) — Cash Flow Quality Index
Telefonica (TEF) has a Cash Flow Quality Index of 7.72x as of September 2025. Operating cash flow of €2.44 Billion exceeds net income of €316.68 Million, indicating high earnings quality where cash backs reported profits. Explore Telefonica 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
Telefonica Cash Flow Quality Index (1989–2022)
Historical Cash Flow Quality Index for Telefonica across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Telefonica tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Telefonica (1989–2022)
Year-by-year earnings quality comparison for Telefonica. For live market cap and the full company financial profile, see Telefonica stock valuation.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2022 | 5.37x | €10.81 Billion | €2.01 Billion | ▲ +325.9% |
| 2021 | 1.26x | €10.27 Billion | €8.14 Billion | ▼ -84.9% |
| 2020 | 8.34x | €13.20 Billion | €1.58 Billion | ▼ -7.5% |
| 2019 | 9.02x | €15.01 Billion | €1.66 Billion | ▲ +125.7% |
| 2018 | 4.00x | €13.31 Billion | €3.33 Billion | ▼ -9.3% |
| 2017 | 4.40x | €13.79 Billion | €3.13 Billion | ▼ -21.9% |
| 2016 | 5.64x | €13.36 Billion | €2.37 Billion | ▲ +13.9% |
| 2015 | 4.95x | €13.60 Billion | €2.75 Billion | ▲ +22.1% |
| 2014 | 4.06x | €12.18 Billion | €3.00 Billion | ▲ +31.4% |
| 2013 | 3.09x | €14.18 Billion | €4.59 Billion | ▼ -20.3% |
| 2012 | 3.87x | €15.21 Billion | €3.93 Billion | ▲ +19.7% |
| 2011 | 3.24x | €17.48 Billion | €5.40 Billion | ▲ +97.3% |
| 2010 | 1.64x | €16.67 Billion | €10.17 Billion | ▼ -21.0% |
| 2009 | 2.08x | €16.15 Billion | €7.78 Billion | ▼ -3.7% |
| 2008 | 2.16x | €16.38 Billion | €7.59 Billion | ▲ +23.6% |
| 2007 | 1.75x | €15.55 Billion | €8.91 Billion | ▼ -29.4% |
| 2006 | 2.47x | €15.41 Billion | €6.23 Billion | ▼ -1.3% |
| 2005 | 2.51x | €11.13 Billion | €4.44 Billion | ▼ -29.2% |
| 2004 | 3.54x | €10.18 Billion | €2.88 Billion | ▼ -15.1% |
| 2003 | 4.17x | €9.18 Billion | €2.20 Billion | ▼ -0.5% |
| 2001 | 4.19x | €8.83 Billion | €2.11 Billion | ▼ -29.2% |
| 1996 | 5.92x | €5.81 Billion | €981.44 Million | ▲ +719.5% |
| 1995 | 0.72x | €616.36 Million | €853.38 Million | ▼ -87.2% |
| 1994 | 5.62x | €3.92 Billion | €697.63 Million | ▲ +128.5% |
| 1990 | 2.46x | €1.42 Billion | €578.91 Million | ▼ -49.1% |
| 1989 | 4.83x | €2.56 Billion | €530.33 Million | — |