Bank of Montreal (BMO) — Cash Flow Quality Index
Bank of Montreal (BMO) has a Cash Flow Quality Index of -0.54x as of January 2026. Operating cash flow of CA$-1.34 Billion is below net income of CA$2.49 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Bank of Montreal 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
Bank of Montreal Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Bank of Montreal across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Bank of Montreal operating cash flow efficiency.
Annual Cash Flow Quality Index for Bank of Montreal (1994–2025)
Year-by-year earnings quality comparison for Bank of Montreal.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.17x | CA$10.24 Billion | CA$8.72 Billion | ▼ -70.4% |
| 2024 | 3.96x | CA$29.03 Billion | CA$7.33 Billion | ▲ +80.3% |
| 2023 | 2.20x | CA$9.59 Billion | CA$4.37 Billion | ▲ +500.0% |
| 2022 | 0.37x | CA$4.96 Billion | CA$13.54 Billion | ▼ -78.8% |
| 2021 | 1.73x | CA$13.42 Billion | CA$7.75 Billion | ▼ -82.6% |
| 2020 | 9.97x | CA$50.84 Billion | CA$5.10 Billion | ▲ +96.0% |
| 2019 | 5.09x | CA$29.30 Billion | CA$5.76 Billion | ▲ +270.9% |
| 2018 | -2.98x | CA$-16.23 Billion | CA$5.45 Billion | ▼ -254.8% |
| 2017 | -0.84x | CA$-4.32 Billion | CA$5.15 Billion | ▼ -254.4% |
| 2017 | 0.54x | CA$2.91 Billion | CA$5.35 Billion | ▼ -45.9% |
| 2016 | 1.01x | CA$2.56 Billion | CA$2.55 Billion | ▼ -26.9% |
| 2016 | 1.38x | CA$6.37 Billion | CA$4.63 Billion | ▼ -92.8% |
| 2015 | 19.03x | CA$24.13 Billion | CA$1.27 Billion | ▲ +3625.8% |
| 2015 | 0.51x | CA$2.25 Billion | CA$4.41 Billion | ▼ -93.0% |
| 2014 | 7.33x | CA$16.14 Billion | CA$2.20 Billion | ▲ +349.3% |
| 2014 | -2.94x | CA$-12.74 Billion | CA$4.33 Billion | ▼ -209.3% |
| 2013 | 2.69x | CA$11.43 Billion | CA$4.25 Billion | ▲ +9.9% |
| 2012 | 2.45x | CA$10.26 Billion | CA$4.19 Billion | ▲ +1298.2% |
| 2011 | 0.18x | CA$572.00 Million | CA$3.27 Billion | ▲ +107.5% |
| 2010 | -2.34x | CA$-6.58 Billion | CA$2.81 Billion | ▼ -132.7% |
| 2009 | 7.16x | CA$12.79 Billion | CA$1.79 Billion | ▲ +233.5% |
| 2008 | 2.15x | CA$4.25 Billion | CA$1.98 Billion | ▲ +132.8% |
| 2007 | -6.54x | CA$-13.94 Billion | CA$2.13 Billion | ▼ -2928.5% |
| 2006 | 0.23x | CA$616.00 Million | CA$2.66 Billion | ▲ +107.7% |
| 2005 | -3.02x | CA$-7.25 Billion | CA$2.40 Billion | ▼ -384.8% |
| 2004 | 1.06x | CA$2.49 Billion | CA$2.35 Billion | ▲ +120.9% |
| 2003 | -5.08x | CA$-9.27 Billion | CA$1.83 Billion | ▼ -75.8% |
| 2002 | -2.89x | CA$-4.10 Billion | CA$1.42 Billion | ▼ -139.9% |
| 2001 | 7.24x | CA$10.65 Billion | CA$1.47 Billion | ▲ +548.9% |
| 2000 | -1.61x | CA$-2.99 Billion | CA$1.86 Billion | ▼ -151.4% |
| 1999 | 3.14x | CA$4.34 Billion | CA$1.38 Billion | ▲ +43.8% |
| 1998 | 2.18x | CA$2.95 Billion | CA$1.35 Billion | ▲ +264.0% |
| 1997 | -1.33x | CA$-1.74 Billion | CA$1.31 Billion | ▲ +67.7% |
| 1996 | -4.11x | CA$-4.80 Billion | CA$1.17 Billion | ▼ -487.0% |
| 1995 | -0.70x | CA$-690.94 Million | CA$985.95 Million | ▼ -558.6% |
| 1994 | 0.15x | CA$126.07 Million | CA$824.97 Million | — |