Royal Bank of Canada (RY) — Cash Flow Quality Index
Royal Bank of Canada (RY) has a Cash Flow Quality Index of -2.72x as of October 2025. Operating cash flow of CA$-14.79 Billion is below net income of CA$5.43 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Royal Bank of Canada operating cash flow efficiency to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Royal Bank of Canada Cash Flow Quality Index (1993–2025)
Historical Cash Flow Quality Index for Royal Bank of Canada across 33 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Royal Bank of Canada total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Royal Bank of Canada (1993–2025)
Year-by-year earnings quality comparison for Royal Bank of Canada. For live market cap and the full company financial profile, see Royal Bank of Canada stock valuation.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.71x | CA$55.22 Billion | CA$20.37 Billion | ▲ +90.3% |
| 2024 | 1.42x | CA$23.14 Billion | CA$16.24 Billion | ▼ -18.8% |
| 2023 | 1.76x | CA$26.08 Billion | CA$14.86 Billion | ▲ +26.4% |
| 2022 | 1.39x | CA$21.94 Billion | CA$15.81 Billion | ▼ -63.5% |
| 2021 | 3.80x | CA$61.04 Billion | CA$16.05 Billion | ▼ -68.7% |
| 2020 | 12.14x | CA$138.82 Billion | CA$11.44 Billion | ▲ +995.2% |
| 2019 | 1.11x | CA$14.27 Billion | CA$12.87 Billion | ▼ -21.2% |
| 2018 | 1.41x | CA$17.47 Billion | CA$12.43 Billion | ▼ -57.3% |
| 2017 | 3.29x | CA$37.73 Billion | CA$11.47 Billion | ▲ +28.1% |
| 2016 | 2.57x | CA$26.86 Billion | CA$10.46 Billion | ▲ +6.6% |
| 2015 | 2.41x | CA$24.15 Billion | CA$10.03 Billion | ▲ +42.9% |
| 2014 | 1.69x | CA$15.17 Billion | CA$9.00 Billion | ▲ +98.4% |
| 2013 | 0.85x | CA$7.08 Billion | CA$8.34 Billion | ▲ +487.1% |
| 2012 | -0.22x | CA$-1.65 Billion | CA$7.51 Billion | ▼ -131.6% |
| 2011 | 0.70x | CA$4.48 Billion | CA$6.44 Billion | ▼ -64.7% |
| 2010 | 1.97x | CA$11.29 Billion | CA$5.73 Billion | ▲ +51.2% |
| 2009 | 1.30x | CA$7.40 Billion | CA$5.68 Billion | ▼ -48.1% |
| 2008 | 2.51x | CA$11.43 Billion | CA$4.56 Billion | ▼ -38.7% |
| 2007 | 4.10x | CA$22.50 Billion | CA$5.49 Billion | ▲ +236.3% |
| 2006 | -3.01x | CA$-14.30 Billion | CA$4.76 Billion | ▲ +65.0% |
| 2005 | -8.59x | CA$-29.53 Billion | CA$3.44 Billion | ▼ -1444.9% |
| 2004 | 0.64x | CA$1.93 Billion | CA$3.02 Billion | ▲ +119.5% |
| 2003 | -3.27x | CA$-9.67 Billion | CA$2.96 Billion | ▼ -198.5% |
| 2002 | -1.10x | CA$-3.03 Billion | CA$2.76 Billion | ▲ +63.3% |
| 2001 | -2.99x | CA$-7.20 Billion | CA$2.41 Billion | ▲ +42.8% |
| 2000 | -5.22x | CA$-11.87 Billion | CA$2.27 Billion | ▼ -284.1% |
| 1999 | 2.84x | CA$4.89 Billion | CA$1.73 Billion | ▲ +215.1% |
| 1998 | -2.46x | CA$-4.36 Billion | CA$1.77 Billion | ▼ -201.1% |
| 1997 | 2.43x | CA$4.03 Billion | CA$1.65 Billion | ▲ +251.4% |
| 1996 | -1.61x | CA$-2.30 Billion | CA$1.43 Billion | ▼ -252.6% |
| 1995 | 1.05x | CA$1.33 Billion | CA$1.26 Billion | ▼ -30.9% |
| 1994 | 1.53x | CA$1.78 Billion | CA$1.17 Billion | ▼ -70.9% |
| 1993 | 5.24x | CA$1.57 Billion | CA$300.00 Million | — |