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 Manulife Financial Corp long-term investment allocation to see how much of total assets are deployed in long-term investments.
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. Check Manulife Financial Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Manulife Financial Corp (1998–2025)
Year-by-year earnings quality comparison for Manulife Financial Corp. For live market cap and the full company financial profile, see MFC stock market capitalisation.
| 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 | — |