Western Alliance Bancorporation (WAL) — Cash Flow Quality Index
Western Alliance Bancorporation (WAL) has a Cash Flow Quality Index of -1.32x as of June 2026. Operating cash flow of $-356.10 Million is below net income of $268.80 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore WAL cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Western Alliance Bancorporation Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Western Alliance Bancorporation across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Western Alliance Bancorporation cash conversion from operations.
Annual Cash Flow Quality Index for Western Alliance Bancorporation (2003–2025)
Year-by-year earnings quality comparison for Western Alliance Bancorporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -2.70x | $-2.68 Billion | $990.60 Million | ▲ +22.3% |
| 2024 | -3.48x | $-2.74 Billion | $787.70 Million | ▼ -665.3% |
| 2023 | -0.45x | $-328.60 Million | $722.40 Million | ▼ -121.4% |
| 2022 | 2.12x | $2.25 Billion | $1.06 Billion | ▲ +172.0% |
| 2021 | -2.95x | $-2.65 Billion | $899.20 Million | ▼ -323.1% |
| 2020 | 1.32x | $670.20 Million | $506.60 Million | ▼ -8.0% |
| 2019 | 1.44x | $717.77 Million | $499.17 Million | ▲ +15.8% |
| 2018 | 1.24x | $540.97 Million | $435.79 Million | ▲ +5.3% |
| 2017 | 1.18x | $383.81 Million | $325.49 Million | ▲ +9.2% |
| 2016 | 1.08x | $280.64 Million | $259.80 Million | ▼ -4.8% |
| 2015 | 1.13x | $220.41 Million | $194.24 Million | ▲ +337.7% |
| 2014 | 0.26x | $38.35 Million | $147.95 Million | ▼ -49.2% |
| 2013 | 0.51x | $58.43 Million | $114.52 Million | ▲ +95.5% |
| 2012 | 0.26x | $19.00 Million | $72.83 Million | ▼ -94.2% |
| 2011 | 4.52x | $142.28 Million | $31.49 Million | ▲ +171.3% |
| 2007 | 1.67x | $54.76 Million | $32.88 Million | ▲ +51.8% |
| 2006 | 1.10x | $43.76 Million | $39.89 Million | ▼ -10.4% |
| 2005 | 1.22x | $34.36 Million | $28.07 Million | ▼ -10.0% |
| 2004 | 1.36x | $27.27 Million | $20.06 Million | ▼ -6.9% |
| 2003 | 1.46x | $12.70 Million | $8.69 Million | — |