Apple Inc (AAPL) — 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). See AAPL net asset quality score to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Apple Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Apple Inc's Capital Reinvestment Ratio across 35 annual periods. Check Apple Inc (AAPL) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Apple Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Apple Inc from 1989 to 2025. For live market cap and broader valuation context, see AAPL stock market capitalisation.
| 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 | — |