Heidelberg Materials AG (HEI) — Cash Flow Quality Index
Heidelberg Materials AG (HEI) has a Cash Flow Quality Index of 1.50x as of December 2025. Operating cash flow of €3.25 Billion exceeds net income of €2.17 Billion, indicating high earnings quality where cash backs reported profits. Explore Heidelberg Materials AG (HEI) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Heidelberg Materials AG Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for Heidelberg Materials AG across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HEI cash flow metrics.
Annual Cash Flow Quality Index for Heidelberg Materials AG (2002–2025)
Year-by-year earnings quality comparison for Heidelberg Materials AG.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.64x | €3.25 Billion | €1.99 Billion | ▼ -9.6% |
| 2024 | 1.81x | €3.23 Billion | €1.78 Billion | ▲ +9.2% |
| 2023 | 1.66x | €3.21 Billion | €1.93 Billion | ▲ +18.9% |
| 2022 | 1.40x | €2.42 Billion | €1.73 Billion | ▲ +13.6% |
| 2021 | 1.23x | €2.40 Billion | €1.95 Billion | ▼ -41.1% |
| 2019 | 2.09x | €2.66 Billion | €1.27 Billion | ▲ +38.1% |
| 2018 | 1.51x | €1.97 Billion | €1.30 Billion | ▼ -17.6% |
| 2017 | 1.84x | €2.04 Billion | €1.11 Billion | ▼ -11.8% |
| 2016 | 2.08x | €1.87 Billion | €899.50 Million | ▲ +46.5% |
| 2015 | 1.42x | €1.45 Billion | €1.02 Billion | ▼ -16.7% |
| 2014 | 1.71x | €1.48 Billion | €866.30 Million | ▲ +36.9% |
| 2013 | 1.25x | €1.06 Billion | €847.50 Million | ▼ -62.4% |
| 2012 | 3.32x | €1.51 Billion | €456.50 Million | ▲ +38.3% |
| 2011 | 2.40x | €1.33 Billion | €555.90 Million | ▲ +7.0% |
| 2010 | 2.24x | €1.14 Billion | €510.90 Million | ▼ -67.7% |
| 2009 | 6.94x | €1.16 Billion | €167.69 Million | ▲ +774.7% |
| 2008 | 0.79x | €1.52 Billion | €1.92 Billion | ▼ -93.3% |
| 2007 | 11.85x | €1.91 Billion | €161.26 Million | ▲ +795.1% |
| 2006 | 1.32x | €1.26 Billion | €950.67 Million | ▼ -31.0% |
| 2005 | 1.92x | €795.02 Million | €414.50 Million | ▼ -66.1% |
| 2003 | 5.66x | €660.22 Million | €116.56 Million | ▲ +48.8% |
| 2002 | 3.81x | €944.84 Million | €248.16 Million | — |