Heineken (HEIA) — Capital Reinvestment Ratio
Latest as of December 2025:
0.25x
Heineken (HEIA) has a Capital Reinvestment Ratio of 0.25x as of December 2025, meaning it reinvests 0% of its operating cash flow (€3.32 Billion) in capital expenditures (€839.00 Million). See Heineken free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.25x
Capex / Operating Cash Flow
Operating Cash Flow
€3.32 Billion
EUR
Capital Expenditures
€839.00 Million
EUR
Data as of
Dec 2025
Most recent filing
Heineken Capital Reinvestment Ratio (1999–2025)
This chart tracks Heineken's Capital Reinvestment Ratio across 27 annual periods.
Annual Capital Reinvestment Ratio for Heineken (1999–2025)
Year-by-year Capital Reinvestment Ratio for Heineken from 1999 to 2025. For live market cap and broader valuation context, see Heineken (HEIA) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.48x | €5.01 Billion | €2.40 Billion | ▲ +7.0% |
| 2024 | 0.45x | €5.50 Billion | €2.46 Billion | ▼ -25.9% |
| 2023 | 0.60x | €4.43 Billion | €2.68 Billion | ▲ +35.1% |
| 2022 | 0.45x | €4.50 Billion | €2.01 Billion | ▲ +17.1% |
| 2021 | 0.38x | €4.18 Billion | €1.60 Billion | ▼ -27.0% |
| 2020 | 0.52x | €3.14 Billion | €1.64 Billion | ▲ +8.0% |
| 2019 | 0.48x | €4.34 Billion | €2.10 Billion | ▲ +12.6% |
| 2018 | 0.43x | €4.39 Billion | €1.89 Billion | ▼ -1.5% |
| 2017 | 0.44x | €3.88 Billion | €1.70 Billion | ▼ -7.5% |
| 2016 | 0.47x | €3.72 Billion | €1.76 Billion | ▲ +0.7% |
| 2015 | 0.47x | €3.49 Billion | €1.64 Billion | ▼ -3.9% |
| 2014 | 0.49x | €3.06 Billion | €1.49 Billion | ▲ +4.0% |
| 2013 | 0.47x | €2.91 Billion | €1.37 Billion | ▲ +1.5% |
| 2012 | 0.46x | €2.69 Billion | €1.25 Billion | ▲ +57.5% |
| 2011 | 0.29x | €2.91 Billion | €856.00 Million | ▲ +11.0% |
| 2010 | 0.26x | €2.66 Billion | €704.00 Million | ▼ -18.9% |
| 2009 | 0.33x | €2.38 Billion | €777.00 Million | ▼ -57.0% |
| 2008 | 0.76x | €1.66 Billion | €1.26 Billion | ▲ +14.7% |
| 2007 | 0.66x | €1.73 Billion | €1.15 Billion | ▲ +39.5% |
| 2006 | 0.47x | €1.85 Billion | €877.00 Million | ▲ +1.6% |
| 2005 | 0.47x | €1.87 Billion | €874.00 Million | ▼ -9.3% |
| 2004 | 0.51x | €1.28 Billion | €657.00 Million | ▲ +32.2% |
| 2003 | 0.39x | €1.64 Billion | €637.00 Million | ▼ -37.0% |
| 2002 | 0.62x | €1.18 Billion | €731.00 Million | ▲ +20.7% |
| 2001 | 0.51x | €1.17 Billion | €596.00 Million | ▲ +26.7% |
| 2000 | 0.40x | €1.03 Billion | €418.00 Million | ▼ -14.3% |
| 1999 | 0.47x | €936.00 Million | €441.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow