Manulife Financial Corp (MFC) — Cash Flow Quality Index
Manulife Financial Corp (MFC) has a Cash Flow Quality Index of 5.40x as of December 2025. Operating cash flow of CA$8.61 Billion exceeds net income of CA$1.59 Billion, indicating high earnings quality where cash backs reported profits. Explore debt repayment capacity of Manulife Financial Corp to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Manulife Financial Corp Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Manulife Financial Corp across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MFC operating cash flow.
Annual Cash Flow Quality Index for Manulife Financial Corp (1998–2025)
Year-by-year earnings quality comparison for Manulife Financial Corp.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 5.30x | CA$32.10 Billion | CA$6.06 Billion | ▲ +17.5% |
| 2024 | 4.51x | CA$26.49 Billion | CA$5.88 Billion | ▲ +23.7% |
| 2023 | 3.64x | CA$20.42 Billion | CA$5.61 Billion | ▲ +8.7% |
| 2021 | 3.35x | CA$23.16 Billion | CA$6.91 Billion | ▼ -6.8% |
| 2020 | 3.60x | CA$20.05 Billion | CA$5.58 Billion | ▼ -3.7% |
| 2019 | 3.73x | CA$20.54 Billion | CA$5.50 Billion | ▼ -4.9% |
| 2018 | 3.93x | CA$19.19 Billion | CA$4.89 Billion | ▼ -50.1% |
| 2017 | 7.87x | CA$17.79 Billion | CA$2.26 Billion | ▲ +44.8% |
| 2016 | 5.43x | CA$17.02 Billion | CA$3.13 Billion | ▲ +19.9% |
| 2015 | 4.53x | CA$10.37 Billion | CA$2.29 Billion | ▲ +50.6% |
| 2014 | 3.01x | CA$10.81 Billion | CA$3.59 Billion | ▲ +0.2% |
| 2013 | 3.00x | CA$9.50 Billion | CA$3.17 Billion | ▼ -51.8% |
| 2012 | 6.22x | CA$10.79 Billion | CA$1.74 Billion | ▼ -86.0% |
| 2011 | 44.36x | CA$10.87 Billion | CA$245.00 Million | ▲ +424.0% |
| 2009 | 8.47x | CA$12.02 Billion | CA$1.42 Billion | ▼ -46.9% |
| 2008 | 15.94x | CA$7.92 Billion | CA$497.00 Million | ▲ +841.5% |
| 2007 | 1.69x | CA$7.16 Billion | CA$4.23 Billion | ▲ +0.7% |
| 2006 | 1.68x | CA$6.68 Billion | CA$3.97 Billion | ▼ -25.2% |
| 2005 | 2.25x | CA$7.40 Billion | CA$3.29 Billion | ▲ +4.7% |
| 2004 | 2.15x | CA$5.47 Billion | CA$2.55 Billion | ▲ +24.1% |
| 2003 | 1.73x | CA$2.66 Billion | CA$1.54 Billion | ▲ +11.0% |
| 2002 | 1.56x | CA$2.14 Billion | CA$1.37 Billion | ▲ +162.7% |
| 2001 | -2.49x | CA$-2.91 Billion | CA$1.17 Billion | ▼ -239.1% |
| 2000 | 1.79x | CA$1.91 Billion | CA$1.07 Billion | ▼ -46.6% |
| 1999 | 3.35x | CA$2.91 Billion | CA$869.35 Million | ▲ +21714.3% |
| 1998 | -0.02x | CA$-10.91 Million | CA$704.54 Million | — |