Apple Inc (AAPL) — Cash Flow Quality Index
Apple Inc (AAPL) has a Cash Flow Quality Index of 1.28x as of December 2025. Operating cash flow of $53.92 Billion exceeds net income of $42.10 Billion, indicating high earnings quality where cash backs reported profits. Explore investment intensity of Apple Inc 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
Apple Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Apple Inc across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Apple Inc (AAPL) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Apple Inc (1989–2025)
Year-by-year earnings quality comparison for Apple Inc. For live market cap and the full company financial profile, see AAPL market cap overview.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.00x | $111.48 Billion | $112.01 Billion | ▼ -21.1% |
| 2024 | 1.26x | $118.25 Billion | $93.74 Billion | ▲ +10.7% |
| 2023 | 1.14x | $110.54 Billion | $97.00 Billion | ▼ -6.9% |
| 2022 | 1.22x | $122.15 Billion | $99.80 Billion | ▲ +11.4% |
| 2021 | 1.10x | $104.04 Billion | $94.68 Billion | ▼ -21.8% |
| 2020 | 1.41x | $80.67 Billion | $57.41 Billion | ▲ +11.9% |
| 2019 | 1.26x | $69.39 Billion | $55.26 Billion | ▼ -3.5% |
| 2018 | 1.30x | $77.43 Billion | $59.53 Billion | ▼ -1.1% |
| 2017 | 1.32x | $63.60 Billion | $48.35 Billion | ▼ -8.7% |
| 2016 | 1.44x | $65.82 Billion | $45.69 Billion | ▼ -5.3% |
| 2015 | 1.52x | $81.27 Billion | $53.39 Billion | ▲ +0.7% |
| 2014 | 1.51x | $59.71 Billion | $39.51 Billion | ▲ +4.3% |
| 2013 | 1.45x | $53.67 Billion | $37.04 Billion | ▲ +18.9% |
| 2012 | 1.22x | $50.86 Billion | $41.73 Billion | ▼ -15.8% |
| 2011 | 1.45x | $37.53 Billion | $25.92 Billion | ▲ +9.1% |
| 2010 | 1.33x | $18.59 Billion | $14.01 Billion | ▼ -25.5% |
| 2009 | 1.78x | $10.16 Billion | $5.70 Billion | ▼ -10.3% |
| 2008 | 1.99x | $9.60 Billion | $4.83 Billion | ▲ +26.9% |
| 2007 | 1.56x | $5.47 Billion | $3.50 Billion | ▲ +40.2% |
| 2006 | 1.12x | $2.22 Billion | $1.99 Billion | ▼ -41.2% |
| 2005 | 1.90x | $2.54 Billion | $1.33 Billion | ▼ -43.9% |
| 2004 | 3.38x | $934.00 Million | $276.00 Million | ▼ -20.4% |
| 2003 | 4.25x | $289.00 Million | $68.00 Million | ▲ +210.4% |
| 2002 | 1.37x | $89.00 Million | $65.00 Million | ▲ +30.3% |
| 2000 | 1.05x | $826.00 Million | $786.00 Million | ▼ -20.9% |
| 1999 | 1.33x | $798.00 Million | $601.00 Million | ▼ -47.1% |
| 1998 | 2.51x | $775.00 Million | $309.00 Million | ▲ +543.1% |
| 1995 | -0.57x | $-240.00 Million | $424.00 Million | ▼ -123.8% |
| 1994 | 2.38x | $737.00 Million | $310.18 Million | ▲ +131.1% |
| 1993 | -7.64x | $-661.80 Million | $86.60 Million | ▼ -558.7% |
| 1992 | 1.67x | $883.70 Million | $530.40 Million | ▲ +301.1% |
| 1991 | 0.42x | $128.70 Million | $309.80 Million | ▼ -79.5% |
| 1990 | 2.03x | $963.90 Million | $474.90 Million | ▲ +81.6% |
| 1989 | 1.12x | $507.30 Million | $454.00 Million | — |