What is Brighthouse Financial, Inc.'s earnings per share (EPS)?

Brighthouse Financial, Inc. (BHFAM) reported diluted earnings per share of $5.71 for fiscal year 2025. This represents a 23.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brighthouse Financial, Inc. (BHFAM) Financials

BHFAM

Trailing 12 months to June 30, 2026

Revenue $6.7B +2.6% YoY

Net Income $729.0M +29.7% YoY

EPS (Diluted) $12.53 +40.6% YoY

Operating Cash Flow -$538.0M -1154.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BHFAM SEC filings page.

Brighthouse Financial, Inc. (BHFAM) reported $6.7B in revenue over the twelve months to Jun 30, 2026, up 2.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BHFAM FY2025 2026-10-03

The 2025 rebound restored positive operating cash flow, but profitability remains thin against a very large liability base.

Revenue expansion between FY2024 and FY2025 coincided with a narrower net profit margin, so added scale did not translate proportionately into earnings. Operating cash flow moved from -$290M in FY2024 to $259M in FY2025, bringing cash generation closer to reported profit but not fully matching it.

The balance sheet carries $235.0B of liabilities against $6.8B of equity in FY2025, making its capital structure more informative than revenue margins. That structure helps explain why ROA was only 0.1% while ROE was 4.9%: a thin equity base makes the shareholder return appear much larger than the asset return.

Equity grew from $5.0B in FY2024 to $6.8B in FY2025 while liabilities changed little, strengthening the balance-sheet cushion. The lower debt-to-equity ratio of 0.5x therefore reflects more equity relative to largely stable long-term debt, rather than dramatic deleveraging of the whole balance sheet.

Financial Health Signals

Financial health score not available

Brighthouse Financial, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/7

Brighthouse Financial, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, Brighthouse Financial, Inc. generates $0.78 in operating cash flow ($259.0M OCF vs $331.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.6B

YoY+86.2%

QoQ+6.2%

Brighthouse Financial, Inc. generated $1.6B in revenue in Q2 2026. This represents an increase of 86.2% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.

Net Income

$981.0M

YoY+1054.1%

QoQ+228.1%

Brighthouse Financial, Inc. reported $981.0M in net income in Q2 2026. This represents an increase of 1054.1% from the same quarter a year earlier. Against the prior quarter it is up 228.1%.

EPS (Diluted)

$16.53

YoY+1520.6%

QoQ+219.6%

5Y CAGR+172.5%

Brighthouse Financial, Inc. earned $16.53 per diluted share (EPS) in Q2 2026. This represents an increase of 1520.6% from the same quarter a year earlier. Against the prior quarter it is up 219.6%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$7.1B

YoY+28.2%

QoQ+44.8%

5Y CAGR+7.8%

Brighthouse Financial, Inc. held $7.1B in cash against $3.2B in long-term debt as of Q2 2026.

Shares Outstanding

58M

YoY+0.6%

QoQ+0.1%

5Y CAGR-7.1%

Brighthouse Financial, Inc. had 58M shares outstanding in Q2 2026. This represents an increase of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin

60.5%

YoY+50.7pp

QoQ+110.6pp

Brighthouse Financial, Inc.'s net profit margin was 60.5% in Q2 2026, showing the share of revenue converted to profit. This is up 50.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 110.6 percentage points.

Return on Equity

15.0%

YoY+13.5pp

QoQ+28.7pp

Brighthouse Financial, Inc.'s ROE was 15.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 13.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 28.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

YoY-100.0%

Brighthouse Financial, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

BHFAM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BHFAM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$6.7B	$6.8B+43.2%	$4.7B+14.7%	$4.1B-40.1%	$6.9B+38.1%	$5.0B-41.5%	$8.5B+29.7%	$6.6B-26.9%	$9.0B+31.0%	$6.8B+126.7%	$3.0B-66.1%	$8.9B
SG&A Expenses	$441.0M	$449.0M+10.0%	$408.0M-2.4%	$418.0M+19.1%	$351.0M-8.8%	$385.0M+11.3%	$346.0M+3.9%	$333.0M+15.2%	$289.0M+0.7%	$287.0M-28.2%	$400.0M-12.1%	$455.0M
Interest Expense	$152.0M	$152.0M0.0%	$152.0M-0.7%	$153.0M0.0%	$153.0M-6.1%	$163.0M-11.4%	$184.0M-3.7%	$191.0M+20.9%	$158.0M+17.0%	$135.0M+1.5%	$133.0M-21.8%	$170.0M
Income Tax	$139.0M	$36.0M+24.1%	$29.0M+107.9%	-$367.0M-143.3%	$848.0M+134.9%	$361.0M+199.4%	-$363.0M-14.5%	-$317.0M-366.4%	$119.0M+150.2%	-$237.0M+86.6%	-$1.8B-614.9%	$343.0M
Net Income	$729.0M	$331.0M+15.7%	$286.0M+123.6%	-$1.2B-132.2%	$3.8B+142.9%	$1.6B+246.5%	-$1.1B-43.4%	-$740.0M-185.5%	$865.0M+328.8%	-$378.0M+87.1%	-$2.9B-362.6%	$1.1B
EPS (Basic)	N/A	$5.75+23.1%	$4.67+125.4%	-$18.39-135.5%	$51.73+179.0%	$18.54+260.1%	-$11.58-71.3%	-$6.76-193.4%	$7.24+329.1%	-$3.16+87.1%	-$24.54	N/A
EPS (Diluted)	$12.53	$5.71+23.1%	$4.64+125.2%	-$18.39-135.8%	$51.30+179.0%	$18.39+258.8%	-$11.58-71.3%	-$6.76-193.8%	$7.21+328.2%	-$3.16	-$24.54	N/A
Diluted Shares (Avg)	N/A	58M-5.9%	62M-6.7%	66M-10.3%	74M-12.9%	84M-11.4%	95M-15.3%	113M-6.1%	120M0.0%	120M	120M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.6B+86.2%	$1.5B-36.1%	$1.7B+40.2%	$1.8B-10.0%	$871.0M-39.0%	$2.4B+3129.7%	$1.2B-13.9%	$2.0B+72.5%
SG&A Expenses	$111.0M+7.8%	$114.0M-12.3%	$116.0M+23.4%	$100.0M-2.0%	$103.0M+2.0%	$130.0M+17.1%	$94.0M	$102.0M+4.1%
Interest Expense	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M	$38.0M0.0%
Income Tax	$245.0M+2962.5%	-$222.0M-152.3%	$12.0M-92.6%	$104.0M+940.0%	$8.0M+140.0%	-$88.0M+28.5%	$162.0M	$10.0M-90.8%
Net Income	$981.0M+1054.1%	-$766.0M-185.8%	$35.0M-93.8%	$479.0M+172.2%	$85.0M+150.0%	-$268.0M+45.6%	$569.0M+162.1%	$176.0M-63.3%
EPS (Basic)	$16.62+1513.6%	-$13.82-174.2%	$1.95-81.4%	$7.93+218.5%	$1.03+758.3%	-$5.04+38.7%	$10.49+171.4%	$2.49-64.0%
EPS (Diluted)	$16.53+1520.6%	-$13.82-174.2%	$1.93	$7.89+219.4%	$1.02	-$5.04+38.7%	$10.46+171.2%	$2.47-64.2%
Diluted Shares (Avg)	58M+0.2%	57M-1.6%	N/A	58M-5.6%	58M	58M-7.6%	N/A	61M-7.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

BHFAM Balance Sheet

BHFAM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$241.8B+1.4%	$238.5B+0.9%	$236.3B+5.1%	$224.8B-14.3%	$262.3B+5.8%	$247.9B+9.1%	$227.3B+10.2%	$206.3B-8.0%	$224.2B+1.0%	$221.9B	N/A
Cash & Equivalents	$5.4B+6.8%	$5.0B+31.0%	$3.9B-6.4%	$4.1B-8.0%	$4.5B+8.9%	$4.1B+42.8%	$2.9B-30.6%	$4.1B+123.2%	$1.9B-64.5%	$5.2B+233.0%	$1.6B
Short-Term Investments	$1.2B-35.9%	$1.9B+59.8%	$1.2B+8.1%	$1.1B-41.3%	$1.8B-43.2%	$3.2B+65.6%	$2.0B	$0-100.0%	$312.0M-75.8%	$1.3B	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$235.0B+0.6%	$233.5B+0.9%	$231.3B+5.5%	$219.2B-13.6%	$253.8B+10.5%	$229.8B+8.9%	$211.0B+10.0%	$191.8B-8.5%	$209.6B+1.2%	$207.1B	N/A
Long-Term Debt	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B-8.1%	$3.4B-21.3%	$4.4B+10.1%	$4.0B+9.7%	$3.6B+89.1%	$1.9B	N/A
Total Equity	$6.8B+36.5%	$5.0B+0.3%	$4.9B-10.7%	$5.5B-65.7%	$16.1B-10.4%	$18.0B+11.4%	$16.2B+12.2%	$14.4B-0.7%	$14.5B-2.3%	$14.9B-11.7%	$16.8B
Retained Earnings	-$686.0M+38.7%	-$1.1B+25.7%	-$1.5B-281.5%	-$395.0M+90.8%	-$4.3B-700.4%	-$534.0M-191.3%	$585.0M-56.5%	$1.3B+231.5%	$406.0M	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$247.2B+1.9%	$236.8B+0.9%	$241.8B+1.4%	$244.7B-0.2%	$242.6B+2.2%	$234.7B-2.1%	$238.5B+0.9%	$245.2B+9.7%
Cash & Equivalents	$7.1B+28.2%	$4.9B+5.1%	$5.4B+6.8%	$6.6B+17.3%	$5.5B+24.7%	$4.7B+22.1%	$5.0B+31.0%	$5.6B+46.7%
Short-Term Investments	$960.0M-17.9%	$1.2B-21.2%	$1.2B-35.9%	$778.0M-57.1%	$1.2B-15.8%	$1.6B+16.5%	$1.9B+59.8%	$1.8B+80.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$240.6B+1.5%	$231.2B+0.8%	$235.0B+0.6%	$238.3B-0.5%	$236.9B+1.6%	$229.4B-2.6%	$233.5B+0.9%	$239.6B+9.2%
Long-Term Debt	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B-0.1%
Total Equity	$6.5B+15.5%	$5.6B+6.2%	$6.8B+36.5%	$6.4B+15.2%	$5.7B+37.0%	$5.2B+24.9%	$5.0B+0.3%	$5.5B+35.8%
Retained Earnings	-$471.0M+63.8%	-$1.5B-4.7%	-$686.0M+38.7%	-$823.0M+54.0%	-$1.3B+33.8%	-$1.4B+30.6%	-$1.1B+25.7%	-$1.8B-203.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

BHFAM Cash Flow Statement

BHFAM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$538.0M	$259.0M+189.3%	-$290.0M-111.7%	-$137.0M+88.8%	-$1.2B-291.6%	$641.0M-27.8%	$888.0M-51.4%	$1.8B-40.3%	$3.1B-9.8%	$3.4B-9.1%	$3.7B-19.3%	$4.6B
Stock-Based Compensation	N/A	$42.0M+82.6%	$23.0M-20.7%	$29.0M+31.8%	$22.0M-4.3%	$23.0M+9.5%	$21.0M0.0%	$21.0M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$506.0M	$751.0M+134.2%	-$2.2B+31.4%	-$3.2B+61.4%	-$8.3B+32.4%	-$12.2B-109.4%	-$5.8B+20.4%	-$7.3B-61.8%	-$4.5B-15.9%	-$3.9B-183.8%	$4.7B+166.4%	-$7.0B
Financing Cash Flow	$2.6B	-$668.0M-118.2%	$3.7B+19.8%	$3.1B-66.4%	$9.1B-23.6%	$12.0B+93.4%	$6.2B+45.7%	$4.2B+12.8%	$3.8B+232.0%	-$2.9B+40.0%	-$4.8B-299.7%	$2.4B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$556.0M-20.5%	$699.0M
Share Buybacks	$0	$102.0M-59.2%	$250.0M0.0%	$250.0M-48.8%	$488.0M-2.2%	$499.0M+5.5%	$473.0M+7.0%	$442.0M+321.0%	$105.0M	$0	$0	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$431.0M-43000.0%	-$221.0M-251.4%	-$3.0M+97.5%	$117.0M+387.5%	-$1.0M-100.3%	$146.0M+127.5%	-$118.0M-177.6%	$24.0M-92.9%
Investing Cash Flow	-$97.0M-186.6%	-$485.0M-186.1%	-$1.3B-263.0%	$1.4B+1155.4%	$112.0M+110.4%	$563.0M+190.1%	-$357.0M+35.3%	-$130.0M+86.8%
Financing Cash Flow	$2.7B+257.7%	$226.0M+120.8%	$80.0M+172.7%	-$423.0M-132.7%	$762.0M-44.2%	-$1.1B-196.5%	-$110.0M-126.7%	$1.3B+73.1%
Share Buybacks	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$43.0M-32.8%	$59.0M-4.8%	$60.0M0.0%	$64.0M0.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

BHFAM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BHFAM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	4.9%-1.2pp	6.0%+35.5pp	-29.5%-84.4pp	54.9%+23.7pp	31.2%+43.7pp	-12.5%-1.2pp	-11.3%-20.9pp	9.7%+15.2pp	-5.5%+91.9pp	-97.4%-110.0pp	12.6%
Return on Equity	4.9%-0.9pp	5.8%+30.3pp	-24.6%-92.8pp	68.2%+58.6pp	9.6%+15.5pp	-5.9%-1.3pp	-4.6%-10.6pp	6.0%+8.6pp	-2.6%+17.2pp	-19.8%-26.4pp	6.7%
Return on Assets	0.1%0.0pp	0.1%+0.6pp	-0.5%-2.2pp	1.7%+1.1pp	0.6%+1.0pp	-0.4%-0.1pp	-0.3%-0.8pp	0.4%+0.6pp	-0.2%+1.1pp	-1.3%	N/A
Debt-to-Equity	0.47-0.2x	0.640.0x	0.64+0.1x	0.57+0.4x	0.200.0x	0.19-0.1x	0.270.0x	0.270.0x	0.25+0.1x	0.13	N/A
Asset Turnover	0.030.0x	0.020.0x	0.020.0x	0.030.0x	0.020.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.01	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	60.5%+50.7pp	-50.2%-39.0pp	2.1%-45.1pp	26.4%+17.7pp	9.8%+7.4pp	-11.2%	47.2%+112.7pp	8.7%-32.2pp
Return on Equity	15.0%+13.5pp	-13.8%-8.6pp	0.5%-10.9pp	7.5%+4.3pp	1.5%+0.7pp	-5.1%+6.6pp	11.5%+30.0pp	3.2%-8.6pp
Return on Assets	0.4%+0.4pp	-0.3%-0.2pp	0.0%-0.2pp	0.2%+0.1pp	0.0%0.0pp	-0.1%+0.1pp	0.2%+0.6pp	0.1%-0.1pp
Debt-to-Equity	0.48-0.1x	0.570.0x	0.47-0.2x	0.50-0.1x	0.56-0.2x	0.60-0.1x	0.640.0x	0.57-0.2x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Where Brighthouse Financial, Inc. Ranks

Frequently Asked Questions

What is Brighthouse Financial, Inc.'s annual revenue?

Brighthouse Financial, Inc. (BHFAM) reported $6.8B in total revenue for fiscal year 2025. This represents a 43.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brighthouse Financial, Inc.'s revenue growing?

Brighthouse Financial, Inc. (BHFAM) revenue grew by 43.2% year-over-year, from $4.7B to $6.8B in fiscal year 2025.

Is Brighthouse Financial, Inc. profitable?

Yes, Brighthouse Financial, Inc. (BHFAM) reported a net income of $331.0M in fiscal year 2025, with a net profit margin of 4.9%.

How much debt does Brighthouse Financial, Inc. have?

As of fiscal year 2025, Brighthouse Financial, Inc. (BHFAM) had $5.4B in cash and equivalents against $3.2B in long-term debt.

What is Brighthouse Financial, Inc.'s net profit margin?

Brighthouse Financial, Inc. (BHFAM) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brighthouse Financial, Inc.'s return on equity (ROE)?

Brighthouse Financial, Inc. (BHFAM) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brighthouse Financial, Inc.'s operating cash flow?

Brighthouse Financial, Inc. (BHFAM) generated $259.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brighthouse Financial, Inc.'s total assets?

Brighthouse Financial, Inc. (BHFAM) had $241.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Brighthouse Financial, Inc. buy back shares?

Yes, Brighthouse Financial, Inc. (BHFAM) spent $102.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Brighthouse Financial, Inc. have outstanding?

Brighthouse Financial, Inc. (BHFAM) had 57M shares outstanding as of fiscal year 2025.

What is Brighthouse Financial, Inc.'s debt-to-equity ratio?

Brighthouse Financial, Inc. (BHFAM) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brighthouse Financial, Inc.'s return on assets (ROA)?

Brighthouse Financial, Inc. (BHFAM) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brighthouse Financial, Inc.'s Piotroski F-Score?

Brighthouse Financial, Inc. (BHFAM) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brighthouse Financial, Inc.'s earnings high quality?

Brighthouse Financial, Inc. (BHFAM) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.