Applied Materials Inc (AMAT) — Cash Flow Quality Index
Applied Materials Inc (AMAT) has a Cash Flow Quality Index of 0.83x as of January 2026. Operating cash flow of $1.69 Billion is below net income of $2.03 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Applied Materials Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Applied Materials Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Applied Materials Inc across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Applied Materials Inc generate cash.
Annual Cash Flow Quality Index for Applied Materials Inc (1989–2025)
Year-by-year earnings quality comparison for Applied Materials Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.14x | $7.96 Billion | $7.00 Billion | ▼ -5.9% |
| 2024 | 1.21x | $8.68 Billion | $7.18 Billion | ▼ -4.7% |
| 2023 | 1.27x | $8.70 Billion | $6.86 Billion | ▲ +53.4% |
| 2022 | 0.83x | $5.40 Billion | $6.53 Billion | ▼ -10.5% |
| 2021 | 0.92x | $5.44 Billion | $5.89 Billion | ▼ -12.1% |
| 2020 | 1.05x | $3.80 Billion | $3.62 Billion | ▼ -12.4% |
| 2019 | 1.20x | $3.25 Billion | $2.71 Billion | ▼ -3.7% |
| 2018 | 1.25x | $3.79 Billion | $3.04 Billion | ▲ +18.6% |
| 2017 | 1.05x | $3.61 Billion | $3.43 Billion | ▼ -26.7% |
| 2016 | 1.43x | $2.47 Billion | $1.72 Billion | ▲ +69.7% |
| 2015 | 0.84x | $1.16 Billion | $1.38 Billion | ▼ -49.7% |
| 2014 | 1.68x | $1.80 Billion | $1.07 Billion | ▼ -31.0% |
| 2013 | 2.43x | $623.00 Million | $256.00 Million | ▼ -85.7% |
| 2012 | 16.98x | $1.85 Billion | $109.00 Million | ▲ +1248.2% |
| 2011 | 1.26x | $2.43 Billion | $1.93 Billion | ▼ -31.4% |
| 2010 | 1.84x | $1.72 Billion | $937.87 Million | ▲ +3.2% |
| 2008 | 1.78x | $1.71 Billion | $960.75 Million | ▲ +37.8% |
| 2007 | 1.29x | $2.21 Billion | $1.71 Billion | ▲ +1.2% |
| 2006 | 1.28x | $1.94 Billion | $1.52 Billion | ▲ +23.8% |
| 2005 | 1.03x | $1.25 Billion | $1.21 Billion | ▼ -14.4% |
| 2004 | 1.20x | $1.63 Billion | $1.35 Billion | ▼ -97.7% |
| 2003 | 51.89x | $801.75 Million | $15.45 Million | ▲ +2736.3% |
| 2002 | 1.83x | $492.14 Million | $269.00 Million | ▼ -41.2% |
| 2001 | 3.11x | $1.58 Billion | $507.83 Million | ▲ +288.8% |
| 2000 | 0.80x | $1.65 Billion | $2.06 Billion | ▼ -44.7% |
| 1999 | 1.45x | $1.08 Billion | $746.70 Million | ▼ -50.8% |
| 1998 | 2.94x | $816.40 Million | $277.67 Million | ▲ +108.9% |
| 1997 | 1.41x | $701.70 Million | $498.50 Million | ▲ +22.0% |
| 1996 | 1.15x | $692.00 Million | $599.60 Million | ▲ +267.3% |
| 1995 | 0.31x | $142.70 Million | $454.10 Million | ▼ -37.5% |
| 1994 | 0.50x | $111.00 Million | $220.70 Million | ▼ -57.1% |
| 1993 | 1.17x | $117.00 Million | $99.70 Million | ▼ -21.7% |
| 1992 | 1.50x | $59.20 Million | $39.50 Million | ▲ +0.7% |
| 1991 | 1.49x | $39.00 Million | $26.20 Million | ▲ +19.7% |
| 1990 | 1.24x | $42.40 Million | $34.10 Million | ▲ +315.8% |
| 1989 | 0.30x | $15.40 Million | $51.50 Million | — |