Apple Inc Capital Reinvestment Ratio
Apple Inc capital reinvestment ratio. Apple Inc (AAPL) has a Capital Reinvestment Ratio of 0.04x as of December 2025, meaning it reinvests 0% of its operating cash flow ($53.92 Billion) in capital expenditures ($2.37 Billion). Check Apple Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Apple Inc (1989–2025)
Capital reinvestment ratio of Apple Inc from 1989 to 2025. This chart tracks Apple Inc's Capital Reinvestment Ratio across 35 annual periods. Also explore AAPL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Apple Inc Capital Reinvestment Ratio by Year (1989–2025)
Apple Inc capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see Apple Inc (AAPL) cash conversion ratio.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $111.48 Billion | $12.71 Billion | ▲ +42.8% |
| 2024 | 0.08x | $118.25 Billion | $9.45 Billion | ▼ -19.4% |
| 2023 | 0.10x | $110.54 Billion | $10.96 Billion | ▲ +13.1% |
| 2022 | 0.09x | $122.15 Billion | $10.71 Billion | ▼ -17.7% |
| 2021 | 0.11x | $104.04 Billion | $11.09 Billion | ▲ +17.6% |
| 2020 | 0.09x | $80.67 Billion | $7.31 Billion | ▼ -40.1% |
| 2019 | 0.15x | $69.39 Billion | $10.49 Billion | ▼ -12.0% |
| 2018 | 0.17x | $77.43 Billion | $13.31 Billion | ▼ -12.2% |
| 2017 | 0.20x | $63.60 Billion | $12.45 Billion | ▲ +1.2% |
| 2016 | 0.19x | $65.82 Billion | $12.73 Billion | ▲ +39.8% |
| 2015 | 0.14x | $81.27 Billion | $11.25 Billion | ▼ -13.7% |
| 2014 | 0.16x | $59.71 Billion | $9.57 Billion | ▲ +5.3% |
| 2013 | 0.15x | $53.67 Billion | $8.16 Billion | ▼ -6.7% |
| 2012 | 0.16x | $50.86 Billion | $8.29 Billion | ▲ +43.7% |
| 2011 | 0.11x | $37.53 Billion | $4.26 Billion | ▲ +5.3% |
| 2010 | 0.11x | $18.59 Billion | $2.00 Billion | ▼ -4.2% |
| 2009 | 0.11x | $10.16 Billion | $1.14 Billion | ▼ -1.0% |
| 2008 | 0.11x | $9.60 Billion | $1.09 Billion | ▼ -15.4% |
| 2007 | 0.13x | $5.47 Billion | $735.00 Million | ▼ -54.6% |
| 2006 | 0.30x | $2.22 Billion | $657.00 Million | ▲ +188.5% |
| 2005 | 0.10x | $2.54 Billion | $260.00 Million | ▼ -45.6% |
| 2004 | 0.19x | $934.00 Million | $176.00 Million | ▼ -66.8% |
| 2003 | 0.57x | $289.00 Million | $164.00 Million | ▼ -71.0% |
| 2002 | 1.96x | $89.00 Million | $174.00 Million | ▲ +55.9% |
| 2001 | 1.25x | $185.00 Million | $232.00 Million | ▲ +868.1% |
| 2000 | 0.13x | $826.00 Million | $107.00 Million | ▲ +119.9% |
| 1999 | 0.06x | $798.00 Million | $47.00 Million | ▼ -18.5% |
| 1998 | 0.07x | $775.00 Million | $56.00 Million | ▼ -74.4% |
| 1997 | 0.28x | $188.00 Million | $53.00 Million | ▲ +118.4% |
| 1996 | 0.13x | $519.00 Million | $67.00 Million | ▼ -40.4% |
| 1994 | 0.22x | $737.00 Million | $159.59 Million | ▼ -1.8% |
| 1992 | 0.22x | $883.70 Million | $194.85 Million | ▼ -87.0% |
| 1991 | 1.70x | $128.70 Million | $218.30 Million | ▲ +628.9% |
| 1990 | 0.23x | $963.90 Million | $224.30 Million | ▼ -50.6% |
| 1989 | 0.47x | $507.30 Million | $239.00 Million | — |