Merchants Bancorp (MBIN) — Cash Flow Quality Index

Latest as of September 2025: 0.54x

Merchants Bancorp (MBIN) has a Cash Flow Quality Index of 0.54x as of September 2025. Operating cash flow of $29.77 Million is below net income of $54.70 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore MBIN operating cash flow to assess how effectively this company generates cash.

Cash Flow Quality Index

0.54x
Operating CF / Net Income

Operating Cash Flow

$29.77 Million
USD

Net Income

$54.70 Million
USD

Data as of

Sep 2025
Most recent filing

Merchants Bancorp Cash Flow Quality Index (2015–2024)

Historical Cash Flow Quality Index for Merchants Bancorp across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MBIN capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.

Annual Cash Flow Quality Index for Merchants Bancorp (2015–2024)

Year-by-year earnings quality comparison for Merchants Bancorp. For live market cap and the full company financial profile, see Merchants Bancorp market capitalisation.

Year Quality Index Operating CF (USD) Net Income YoY Change
2024 -2.61x $-835.28 Million $320.39 Million ▼ -104.3%
2023 -1.28x $-356.40 Million $279.23 Million ▼ -128.7%
2022 4.44x $975.77 Million $219.72 Million ▲ +2149.3%
2021 -0.22x $-49.22 Million $227.10 Million ▲ +95.5%
2020 -4.85x $-874.89 Million $180.53 Million ▲ +70.2%
2019 -16.26x $-1.26 Billion $77.33 Million ▼ -600.2%
2018 3.25x $204.34 Million $62.87 Million ▲ +201.0%
2017 -3.22x $-175.89 Million $54.68 Million ▲ +28.9%
2016 -4.52x $-149.77 Million $33.13 Million ▼ -208.4%
2015 4.17x $118.33 Million $28.38 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.