National Bank of Canada (NA) — Free Cash Flow Generation Index
National Bank of Canada (NA) has a Free Cash Flow Generation Index of 0.99x as of April 2026. Free cash flow of CA$3.73 Billion represents 1% of operating cash flow (CA$3.78 Billion). Read NA total debt and obligations for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
National Bank of Canada Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for National Bank of Canada across 24 annual periods. Explore National Bank of Canada capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for National Bank of Canada (1993–2025)
Year-by-year Free Cash Flow Generation Index for National Bank of Canada. For the full company profile including market capitalisation, see how much is National Bank of Canada worth.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.89x | CA$4.13 Billion | CA$4.63 Billion | CA$502.00 Million | ▲ +5.0% |
| 2024 | 0.85x | CA$3.95 Billion | CA$4.65 Billion | CA$703.00 Million | ▼ -2.9% |
| 2023 | 0.87x | CA$4.51 Billion | CA$5.17 Billion | CA$651.00 Million | ▼ -4.8% |
| 2021 | 0.92x | CA$5.55 Billion | CA$6.04 Billion | CA$217.00 Million | ▼ -5.7% |
| 2020 | 0.97x | CA$19.47 Billion | CA$19.98 Billion | CA$182.00 Million | ▲ +3.7% |
| 2019 | 0.94x | CA$7.78 Billion | CA$8.28 Billion | CA$144.00 Million | ▲ +2.5% |
| 2018 | 0.92x | CA$5.38 Billion | CA$5.86 Billion | CA$164.00 Million | ▲ +11.3% |
| 2017 | 0.82x | CA$1.25 Billion | CA$1.52 Billion | CA$94.00 Million | ▼ -13.3% |
| 2016 | 0.95x | CA$5.17 Billion | CA$5.44 Billion | CA$51.00 Million | ▲ +32.1% |
| 2015 | 0.72x | CA$4.59 Billion | CA$6.38 Billion | CA$1.57 Billion | ▼ -21.6% |
| 2014 | 0.92x | CA$3.81 Billion | CA$4.15 Billion | CA$50.00 Million | ▲ +53.1% |
| 2013 | 0.60x | CA$417.00 Million | CA$696.00 Million | CA$146.00 Million | ▼ -26.1% |
| 2012 | 0.81x | CA$1.58 Billion | CA$1.94 Billion | CA$176.00 Million | ▼ -6.9% |
| 2011 | 0.87x | CA$1.81 Billion | CA$2.08 Billion | CA$268.00 Million | ▼ -8.8% |
| 2007 | 0.95x | CA$2.51 Billion | CA$2.63 Billion | CA$119.00 Million | ▲ +19.1% |
| 2004 | 0.80x | CA$226.00 Million | CA$282.00 Million | CA$56.00 Million | ▼ -19.9% |
| 2000 | 1.00x | CA$1.00 Billion | CA$1.00 Billion | CA$0.00 | ▲ +61.5% |
| 1999 | 0.62x | CA$387.00 Million | CA$625.00 Million | CA$238.00 Million | ▼ -26.9% |
| 1998 | 0.85x | CA$265.00 Million | CA$313.00 Million | CA$48.00 Million | ▼ -12.4% |
| 1997 | 0.97x | CA$1.52 Billion | CA$1.57 Billion | CA$53.00 Million | ▲ +311.4% |
| 1996 | -0.46x | CA$-32.00 Million | CA$70.00 Million | CA$102.00 Million | ▼ -148.5% |
| 1995 | 0.94x | CA$946.00 Million | CA$1.00 Billion | CA$57.00 Million | ▼ -5.7% |
| 1994 | 1.00x | CA$387.70 Million | CA$387.70 Million | CA$0.00 | ▲ +10.8% |
| 1993 | 0.90x | CA$479.40 Million | CA$531.40 Million | CA$52.00 Million | — |