First Quantum Minerals Ltd (FM) — Free Cash Flow Generation Index
First Quantum Minerals Ltd (FM) has a Free Cash Flow Generation Index of -0.16x as of December 2025. Free cash flow of CA$-337.00 Million represents 0% of operating cash flow (CA$2.08 Billion). See working capital to net assets of First Quantum Minerals Ltd to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
First Quantum Minerals Ltd Free Cash Flow Generation Index (1999–2025)
Historical FCF Generation Index trend for First Quantum Minerals Ltd across 26 annual periods. Explore cash flow to debt ratio of First Quantum Minerals Ltd to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for First Quantum Minerals Ltd (1999–2025)
Year-by-year Free Cash Flow Generation Index for First Quantum Minerals Ltd. For the full company profile including market capitalisation, see FM market cap overview.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.46x | CA$948.00 Million | CA$2.08 Billion | CA$1.13 Billion | ▲ +106.3% |
| 2024 | 0.22x | CA$365.00 Million | CA$1.65 Billion | CA$1.29 Billion | ▲ +148.4% |
| 2023 | 0.09x | CA$127.00 Million | CA$1.43 Billion | CA$1.30 Billion | ▼ -82.2% |
| 2022 | 0.50x | CA$1.17 Billion | CA$2.33 Billion | CA$1.17 Billion | ▼ -23.7% |
| 2021 | 0.66x | CA$1.89 Billion | CA$2.88 Billion | CA$995.00 Million | ▲ +5.4% |
| 2020 | 0.62x | CA$1.00 Billion | CA$1.61 Billion | CA$610.00 Million | ▲ +197.7% |
| 2019 | -0.64x | CA$-566.00 Million | CA$889.00 Million | CA$1.46 Billion | ▼ -673.4% |
| 2018 | -0.08x | CA$-163.00 Million | CA$1.98 Billion | CA$2.14 Billion | ▲ +89.8% |
| 2017 | -0.81x | CA$-738.00 Million | CA$914.00 Million | CA$1.65 Billion | ▼ -241.9% |
| 2016 | -0.24x | CA$-218.00 Million | CA$923.00 Million | CA$1.14 Billion | ▲ +24.8% |
| 2015 | -0.31x | CA$-374.00 Million | CA$1.19 Billion | CA$1.56 Billion | ▲ +87.7% |
| 2014 | -2.56x | CA$-1.90 Billion | CA$743.60 Million | CA$2.65 Billion | ▼ -28.4% |
| 2013 | -1.99x | CA$-1.73 Billion | CA$868.80 Million | CA$2.60 Billion | ▲ +33.8% |
| 2012 | -3.01x | CA$-1.03 Billion | CA$342.50 Million | CA$1.37 Billion | ▼ -94.7% |
| 2011 | -1.55x | CA$-637.20 Million | CA$412.30 Million | CA$1.05 Billion | ▼ -394.1% |
| 2010 | 0.53x | CA$400.00 Million | CA$761.30 Million | CA$361.30 Million | ▲ +47.2% |
| 2009 | 0.36x | CA$200.80 Million | CA$562.60 Million | CA$361.80 Million | ▼ -10.5% |
| 2008 | 0.40x | CA$305.10 Million | CA$765.40 Million | CA$460.30 Million | ▼ -2.5% |
| 2007 | 0.41x | CA$221.20 Million | CA$540.80 Million | CA$319.60 Million | ▼ -7.5% |
| 2006 | 0.44x | CA$243.27 Million | CA$549.88 Million | CA$306.61 Million | ▲ +309.6% |
| 2005 | 0.11x | CA$25.44 Million | CA$235.49 Million | CA$210.06 Million | ▲ +102.0% |
| 2004 | -5.30x | CA$-162.55 Million | CA$30.69 Million | CA$193.25 Million | ▼ -241.5% |
| 2003 | -1.55x | CA$-24.70 Million | CA$15.92 Million | CA$40.62 Million | ▲ +36.9% |
| 2001 | -2.46x | CA$-16.06 Million | CA$6.54 Million | CA$22.60 Million | ▼ -345.6% |
| 2000 | 1.00x | CA$9.40 Million | CA$9.40 Million | CA$0.00 | ▲ +31.5% |
| 1999 | 0.76x | CA$7.53 Million | CA$9.91 Million | CA$2.38 Million | — |