BAE Systems plc (BA) — Capital Reinvestment Ratio
BAE Systems plc (BA) has a Capital Reinvestment Ratio of 0.17x as of December 2025, meaning it reinvests 0% of its operating cash flow (GBX3.16 Billion) in capital expenditures (GBX544.00 Million). Check tangible equity quality of BAE Systems plc to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
BAE Systems plc Capital Reinvestment Ratio (1993–2025)
This chart tracks BAE Systems plc's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see cash flow conversion of BAE Systems plc.
Annual Capital Reinvestment Ratio for BAE Systems plc (1993–2025)
Year-by-year Capital Reinvestment Ratio for BAE Systems plc from 1993 to 2025. See BA cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.28x | GBX3.30 Billion | GBX920.00 Million | ▼ -5.9% |
| 2024 | 0.30x | GBX3.92 Billion | GBX1.16 Billion | ▲ +16.4% |
| 2023 | 0.25x | GBX3.76 Billion | GBX957.00 Million | ▲ +4.3% |
| 2022 | 0.24x | GBX2.84 Billion | GBX693.00 Million | ▲ +29.3% |
| 2021 | 0.19x | GBX2.45 Billion | GBX462.00 Million | ▼ -53.8% |
| 2020 | 0.41x | GBX1.17 Billion | GBX477.00 Million | ▲ +39.0% |
| 2019 | 0.29x | GBX1.60 Billion | GBX470.00 Million | ▼ -1.4% |
| 2018 | 0.30x | GBX1.20 Billion | GBX358.00 Million | ▲ +45.5% |
| 2017 | 0.21x | GBX1.90 Billion | GBX389.00 Million | ▼ -38.2% |
| 2016 | 0.33x | GBX1.23 Billion | GBX408.00 Million | ▼ -25.3% |
| 2015 | 0.44x | GBX808.00 Million | GBX359.00 Million | ▲ +13.0% |
| 2014 | 0.39x | GBX669.00 Million | GBX263.00 Million | ▲ +112.5% |
| 2012 | 0.18x | GBX2.17 Billion | GBX402.00 Million | ▼ -76.7% |
| 2011 | 0.79x | GBX482.00 Million | GBX383.00 Million | ▲ +79.0% |
| 2010 | 0.44x | GBX962.00 Million | GBX427.00 Million | ▲ +38.1% |
| 2009 | 0.32x | GBX1.63 Billion | GBX525.00 Million | ▼ -7.8% |
| 2008 | 0.35x | GBX1.58 Billion | GBX552.00 Million | ▲ +95.8% |
| 2007 | 0.18x | GBX1.90 Billion | GBX338.00 Million | ▼ -79.6% |
| 2006 | 0.87x | GBX512.00 Million | GBX446.00 Million | ▲ +401.9% |
| 2005 | 0.17x | GBX1.93 Billion | GBX335.00 Million | ▲ +2.6% |
| 2004 | 0.17x | GBX2.16 Billion | GBX366.00 Million | ▼ -63.2% |
| 2003 | 0.46x | GBX529.00 Million | GBX243.00 Million | ▼ -33.1% |
| 2001 | 0.69x | GBX220.00 Million | GBX151.00 Million | ▲ +185.2% |
| 2000 | 0.24x | GBX1.55 Billion | GBX374.00 Million | ▼ -83.9% |
| 1999 | 1.49x | GBX206.00 Million | GBX307.00 Million | ▲ +68.9% |
| 1997 | 0.88x | GBX238.00 Million | GBX210.00 Million | ▲ +160.1% |
| 1996 | 0.34x | GBX507.00 Million | GBX172.00 Million | ▼ -88.0% |
| 1995 | 2.84x | GBX49.00 Million | GBX139.00 Million | ▼ -12.8% |
| 1993 | 3.25x | GBX138.00 Million | GBX449.00 Million | — |