QUA007Factor HubQuality FactorsLow
Cash Flow Quality Factor
Operating cash flow over net income: the higher the ratio, the more trustworthy the profit.
Formula
CFQ = 经营现金流(TTM) / 净利润(TTM)Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
8.16%
Sharpe ratio
0.53
Max drawdown
-29.47%
Total return
119.14%
Cumulative performance（2016-09 … 2026-08）
2016 +1.2%2017 -0.0%2018 -16.5%2019 +16.2%2020 +33.2%2021 +4.1%2022 +33.0%2023 -2.0%2024 +15.1%2025 +1.6%2026 +5.5%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | TXN | Texas Instruments | 1.243 |
| 2 | EQIX | Equinix | 1.239 |
| 3 | KO | Coca-Cola | 1.237 |
| 4 | SHW | Sherwin-Williams | 1.214 |
| 5 | PM | Philip Morris | 1.208 |
| 6 | MELI | MercadoLibre | 1.205 |
| 7 | SBUX | Starbucks | 1.201 |
| 8 | BMY | Bristol-Myers Squibb | 1.190 |
| 9 | TSN | Tyson Foods | 1.182 |
| 10 | F | Ford Motor | 1.181 |
| 11 | CF | CF Industries | 1.180 |
| 12 | SRE | Sempra | 1.172 |
| 13 | ZTS | Zoetis | 1.159 |
| 14 | TSLA | Tesla | 1.148 |
| 15 | DDOG | Datadog | 1.142 |
| 16 | SPOT | Spotify | 1.138 |
| 17 | PLD | Prologis | 1.135 |
| 18 | PSX | Phillips 66 | 1.134 |
| 19 | ADM | Archer-Daniels-Midland | 1.133 |
| 20 | USB | U.S. Bancorp | 1.132 |
| 21 | DVN | Devon Energy | 1.132 |
| 22 | TJX | TJX Companies | 1.125 |
| 23 | FDX | FedEx | 1.125 |
| 24 | ENTG | Entegris | 1.124 |
| 25 | KIM | Kimco Realty | 1.120 |
| 26 | APD | Air Products | 1.109 |
| 27 | NEE | NextEra Energy | 1.106 |
| 28 | KMI | Kinder Morgan | 1.103 |
| 29 | ANET | Arista Networks | 1.101 |
| 30 | GLW | Corning | 1.099 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.