BAE Systems plc (BA) — Capital Reinvestment Ratio
Latest as of December 2025:
0.17x
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). See how much free cash does BAE Systems plc generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.17x
Capex / Operating Cash Flow
Operating Cash Flow
GBX3.16 Billion
GBX
Capital Expenditures
GBX544.00 Million
GBX
Data as of
Dec 2025
Most recent filing
BAE Systems plc Capital Reinvestment Ratio (1993–2025)
This chart tracks BAE Systems plc's Capital Reinvestment Ratio across 29 annual periods.
Annual Capital Reinvestment Ratio for BAE Systems plc (1993–2025)
Year-by-year Capital Reinvestment Ratio for BAE Systems plc from 1993 to 2025. For live market cap and broader valuation context, see BA market cap overview.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow