Amgen Inc (AMGN) — Capital Reinvestment Ratio
Latest as of December 2025:
0.40x
Amgen Inc (AMGN) has a Capital Reinvestment Ratio of 0.40x as of December 2025, meaning it reinvests 0% of its operating cash flow ($1.60 Billion) in capital expenditures ($642.00 Million). See Amgen Inc (AMGN) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.40x
Capex / Operating Cash Flow
Operating Cash Flow
$1.60 Billion
USD
Capital Expenditures
$642.00 Million
USD
Data as of
Dec 2025
Most recent filing
Amgen Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Amgen Inc's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Amgen Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Amgen Inc from 1989 to 2025. For live market cap and broader valuation context, see Amgen Inc market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | $9.96 Billion | $1.86 Billion | ▲ +95.6% |
| 2024 | 0.10x | $11.49 Billion | $1.10 Billion | ▼ -27.3% |
| 2023 | 0.13x | $8.47 Billion | $1.11 Billion | ▲ +36.3% |
| 2022 | 0.10x | $9.72 Billion | $936.00 Million | ▲ +1.3% |
| 2021 | 0.10x | $9.26 Billion | $880.00 Million | ▲ +64.1% |
| 2020 | 0.06x | $10.50 Billion | $608.00 Million | ▼ -14.2% |
| 2019 | 0.07x | $9.15 Billion | $618.00 Million | ▲ +3.4% |
| 2018 | 0.07x | $11.30 Billion | $738.00 Million | ▲ +10.0% |
| 2017 | 0.06x | $11.18 Billion | $664.00 Million | ▼ -26.5% |
| 2016 | 0.08x | $10.35 Billion | $837.00 Million | ▲ +13.1% |
| 2015 | 0.07x | $9.08 Billion | $649.00 Million | ▼ -39.0% |
| 2014 | 0.12x | $8.55 Billion | $1.00 Billion | ▲ +6.4% |
| 2013 | 0.11x | $6.29 Billion | $693.00 Million | ▼ -6.0% |
| 2012 | 0.12x | $5.88 Billion | $689.00 Million | ▲ +5.8% |
| 2011 | 0.11x | $5.12 Billion | $567.00 Million | ▲ +10.5% |
| 2010 | 0.10x | $5.79 Billion | $580.00 Million | ▲ +19.8% |
| 2009 | 0.08x | $6.34 Billion | $530.00 Million | ▼ -25.5% |
| 2008 | 0.11x | $5.99 Billion | $672.00 Million | ▼ -52.2% |
| 2007 | 0.23x | $5.40 Billion | $1.27 Billion | ▲ +3.8% |
| 2006 | 0.23x | $5.39 Billion | $1.22 Billion | ▲ +28.0% |
| 2005 | 0.18x | $4.91 Billion | $867.00 Million | ▼ -51.1% |
| 2004 | 0.36x | $3.70 Billion | $1.34 Billion | ▼ -5.0% |
| 2003 | 0.38x | $3.57 Billion | $1.36 Billion | ▲ +29.9% |
| 2002 | 0.29x | $2.25 Billion | $658.50 Million | ▼ -1.9% |
| 2001 | 0.30x | $1.48 Billion | $441.80 Million | ▲ +11.5% |
| 2000 | 0.27x | $1.63 Billion | $437.70 Million | ▼ -5.3% |
| 1999 | 0.28x | $1.08 Billion | $304.20 Million | ▼ -27.7% |
| 1998 | 0.39x | $1.04 Billion | $407.80 Million | ▼ -8.8% |
| 1997 | 0.43x | $902.90 Million | $387.80 Million | ▲ +32.4% |
| 1996 | 0.32x | $822.60 Million | $266.90 Million | ▲ +54.2% |
| 1995 | 0.21x | $773.20 Million | $162.70 Million | ▼ -14.4% |
| 1994 | 0.25x | $531.90 Million | $130.80 Million | ▼ -49.3% |
| 1993 | 0.48x | $433.00 Million | $209.90 Million | ▼ -35.4% |
| 1992 | 0.75x | $292.80 Million | $219.80 Million | ▲ +40.6% |
| 1991 | 0.53x | $219.70 Million | $117.30 Million | ▼ -88.9% |
| 1990 | 4.81x | $13.50 Million | $64.90 Million | ▲ +103.9% |
| 1989 | 2.36x | $18.70 Million | $44.10 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow