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). See Fortescue Ltd balance sheet independence to measure how much of total assets are equity-financed.
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. Check Fortescue Ltd cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Fortescue Ltd (2001–2025)
Year-by-year Capital Reinvestment Ratio for Fortescue Ltd from 2001 to 2025. For live market cap and broader valuation context, see market value of Fortescue Ltd.
| 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 | — |