Fortescue Ltd (FMG) — Capital Reinvestment Ratio
Fortescue Ltd (FMG) has a Capital Reinvestment Ratio of 0.47x as of December 2025, meaning it reinvests 0% of its operating cash flow (AU$3.23 Billion) in capital expenditures (AU$1.50 Billion). Check how tangible is Fortescue Ltd's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Fortescue Ltd Capital Reinvestment Ratio (2001–2025)
This chart tracks Fortescue Ltd's Capital Reinvestment Ratio across 19 annual periods. For the full cash flow conversion analysis, see Fortescue Ltd cash flow conversion.
Annual Capital Reinvestment Ratio for Fortescue Ltd (2001–2025)
Year-by-year Capital Reinvestment Ratio for Fortescue Ltd from 2001 to 2025. See how much free cash does Fortescue Ltd generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.50x | AU$6.47 Billion | AU$3.24 Billion | ▲ +39.8% |
| 2024 | 0.36x | AU$7.92 Billion | AU$2.83 Billion | ▲ +37.7% |
| 2023 | 0.26x | AU$11.16 Billion | AU$2.90 Billion | ▼ -10.7% |
| 2022 | 0.29x | AU$9.63 Billion | AU$2.80 Billion | ▲ +44.6% |
| 2021 | 0.20x | AU$16.80 Billion | AU$3.38 Billion | ▼ -3.8% |
| 2020 | 0.21x | AU$9.30 Billion | AU$1.95 Billion | ▼ -13.0% |
| 2019 | 0.24x | AU$4.26 Billion | AU$1.02 Billion | ▼ -64.1% |
| 2018 | 0.67x | AU$1.28 Billion | AU$855.93 Million | ▲ +286.2% |
| 2017 | 0.17x | AU$4.27 Billion | AU$739.95 Million | ▲ +16.3% |
| 2016 | 0.15x | AU$2.48 Billion | AU$369.09 Million | ▼ -53.5% |
| 2015 | 0.32x | AU$2.02 Billion | AU$645.62 Million | ▲ +6.4% |
| 2014 | 0.30x | AU$6.23 Billion | AU$1.87 Billion | ▼ -84.7% |
| 2013 | 1.96x | AU$2.99 Billion | AU$5.87 Billion | ▼ -11.6% |
| 2012 | 2.22x | AU$2.79 Billion | AU$6.19 Billion | ▲ +301.9% |
| 2011 | 0.55x | AU$2.77 Billion | AU$1.53 Billion | ▲ +22.9% |
| 2010 | 0.45x | AU$1.10 Billion | AU$492.04 Million | ▼ -72.8% |
| 2009 | 1.65x | AU$466.37 Million | AU$771.40 Million | ▲ +4604.0% |
| 2002 | 0.04x | AU$93.92K | AU$3.30K | ▼ -94.0% |
| 2001 | 0.59x | AU$325.49K | AU$191.54K | — |