adidas AG (ADS) — Capital Reinvestment Ratio
Latest as of December 2025:
0.18x
adidas AG (ADS) has a Capital Reinvestment Ratio of 0.18x as of December 2025, meaning it reinvests 0% of its operating cash flow (€1.03 Billion) in capital expenditures (€187.00 Million). Check ADS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.18x
Capex / Operating Cash Flow
Operating Cash Flow
€1.03 Billion
EUR
Capital Expenditures
€187.00 Million
EUR
Data as of
Dec 2025
Most recent filing
adidas AG Capital Reinvestment Ratio (2013–2025)
This chart tracks adidas AG's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see adidas AG (ADS) cash flow conversion.
Annual Capital Reinvestment Ratio for adidas AG (2013–2025)
Year-by-year Capital Reinvestment Ratio for adidas AG from 2013 to 2025. See ADS FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.64x | €751.00 Million | €477.00 Million | ▲ +242.3% |
| 2024 | 0.19x | €2.91 Billion | €540.00 Million | ▼ -6.1% |
| 2023 | 0.20x | €2.55 Billion | €504.00 Million | ▲ +27.7% |
| 2021 | 0.15x | €3.19 Billion | €494.00 Million | ▼ -37.5% |
| 2020 | 0.25x | €1.49 Billion | €368.00 Million | ▲ +16.7% |
| 2019 | 0.21x | €2.82 Billion | €598.00 Million | ▼ -6.7% |
| 2018 | 0.23x | €2.69 Billion | €611.00 Million | ▼ -44.7% |
| 2017 | 0.41x | €1.65 Billion | €678.00 Million | ▼ -14.8% |
| 2016 | 0.48x | €1.35 Billion | €651.00 Million | ▲ +13.4% |
| 2015 | 0.43x | €1.09 Billion | €464.00 Million | ▼ -40.2% |
| 2014 | 0.71x | €701.00 Million | €499.00 Million | ▲ +6.9% |
| 2013 | 0.67x | €634.00 Million | €422.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow