LEONARDO ADR 1/2/EO 440 (FMN) — Capital Reinvestment Ratio
LEONARDO ADR 1/2/EO 440 (FMN) has a Capital Reinvestment Ratio of 0.58x as of December 2025, meaning it reinvests 1% of its operating cash flow (€1.75 Billion) in capital expenditures (€1.02 Billion). Check LEONARDO ADR 1/2/EO 440 (FMN) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
LEONARDO ADR 1/2/EO 440 Capital Reinvestment Ratio (2021–2025)
This chart tracks LEONARDO ADR 1/2/EO 440's Capital Reinvestment Ratio across 5 annual periods. For the full cash flow conversion analysis, see FMN cash generation efficiency.
Annual Capital Reinvestment Ratio for LEONARDO ADR 1/2/EO 440 (2021–2025)
Year-by-year Capital Reinvestment Ratio for LEONARDO ADR 1/2/EO 440 from 2021 to 2025. See FMN 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 | 0.58x | €1.75 Billion | €1.02 Billion | ▼ 0.0% |
| 2024 | 0.58x | €1.54 Billion | €895.00 Million | ▼ -11.9% |
| 2023 | 0.66x | €1.19 Billion | €782.00 Million | ▼ -0.3% |
| 2022 | 0.66x | €1.15 Billion | €762.00 Million | ▼ -20.2% |
| 2021 | 0.83x | €742.00 Million | €615.00 Million | — |