Bank of Montreal (BMO) — Free Cash Flow Generation Index
Bank of Montreal (BMO) has a Free Cash Flow Generation Index of 0.96x as of October 2025. Free cash flow of CA$12.27 Billion represents 1% of operating cash flow (CA$12.77 Billion). Explore BMO capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Bank of Montreal Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for Bank of Montreal across 24 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Bank of Montreal.
Annual Free Cash Flow Generation for Bank of Montreal (1994–2025)
Year-by-year Free Cash Flow Generation Index for Bank of Montreal. Check BMO capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.83x | CA$8.51 Billion | CA$10.24 Billion | CA$1.73 Billion | ▼ -12.2% |
| 2024 | 0.95x | CA$27.47 Billion | CA$29.03 Billion | CA$1.56 Billion | ▲ +14.7% |
| 2023 | 0.83x | CA$7.91 Billion | CA$9.59 Billion | CA$1.68 Billion | ▲ +16.6% |
| 2022 | 0.71x | CA$3.51 Billion | CA$4.96 Billion | CA$1.45 Billion | ▼ -77.9% |
| 2021 | 3.21x | CA$43.07 Billion | CA$13.42 Billion | CA$983.00 Million | ▲ +227.5% |
| 2020 | 0.98x | CA$49.80 Billion | CA$50.84 Billion | CA$1.03 Billion | ▲ +1.9% |
| 2019 | 0.96x | CA$28.18 Billion | CA$29.30 Billion | CA$1.13 Billion | ▲ +32.1% |
| 2017 | 0.73x | CA$2.12 Billion | CA$2.91 Billion | CA$791.00 Million | ▼ -74.1% |
| 2016 | 2.81x | CA$7.21 Billion | CA$2.56 Billion | CA$4.65 Billion | ▲ +648.5% |
| 2016 | -0.51x | CA$-3.27 Billion | CA$6.37 Billion | CA$620.00 Million | ▼ -142.4% |
| 2015 | 1.21x | CA$29.17 Billion | CA$24.13 Billion | CA$5.04 Billion | ▲ +50.3% |
| 2015 | 0.80x | CA$1.81 Billion | CA$2.25 Billion | CA$524.00 Million | ▼ -39.7% |
| 2014 | 1.33x | CA$21.51 Billion | CA$16.14 Billion | CA$5.37 Billion | ▲ +41.1% |
| 2013 | 0.94x | CA$10.80 Billion | CA$11.43 Billion | CA$636.00 Million | ▲ +1.1% |
| 2012 | 0.93x | CA$9.58 Billion | CA$10.26 Billion | CA$679.00 Million | ▲ +885.5% |
| 2011 | -0.12x | CA$-68.00 Million | CA$572.00 Million | CA$640.00 Million | ▼ -112.1% |
| 2009 | 0.98x | CA$12.59 Billion | CA$12.79 Billion | CA$204.00 Million | ▲ +9.5% |
| 2008 | 0.90x | CA$3.82 Billion | CA$4.25 Billion | CA$430.50 Million | ▲ +1577.4% |
| 2006 | 0.05x | CA$33.00 Million | CA$616.00 Million | CA$583.00 Million | ▼ -93.9% |
| 2004 | 0.88x | CA$2.19 Billion | CA$2.49 Billion | CA$304.80 Million | ▼ -8.8% |
| 2001 | 0.96x | CA$10.25 Billion | CA$10.65 Billion | CA$398.35 Million | ▲ +4.2% |
| 1999 | 0.92x | CA$4.01 Billion | CA$4.34 Billion | CA$328.97 Million | ▲ +14.6% |
| 1998 | 0.81x | CA$2.37 Billion | CA$2.95 Billion | CA$571.08 Million | ▲ +184.7% |
| 1994 | -0.95x | CA$-119.98 Million | CA$126.07 Million | CA$246.04 Million | — |