Amazon.com Inc (AMZN) — Capital Reinvestment Ratio
Amazon.com Inc (AMZN) has a Capital Reinvestment Ratio of 1.19x as of June 2026, meaning it reinvests 1% of its operating cash flow ($45.39 Billion) in capital expenditures ($54.21 Billion). Check AMZN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Amazon.com Inc Capital Reinvestment Ratio (1997–2025)
This chart tracks Amazon.com Inc's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see Amazon.com Inc operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Amazon.com Inc (1997–2025)
Year-by-year Capital Reinvestment Ratio for Amazon.com Inc from 1997 to 2025. See cash generation quality of Amazon.com Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.94x | $139.51 Billion | $131.82 Billion | ▲ +31.9% |
| 2024 | 0.72x | $115.88 Billion | $83.00 Billion | ▲ +15.4% |
| 2023 | 0.62x | $84.95 Billion | $52.73 Billion | ▼ -54.4% |
| 2022 | 1.36x | $46.75 Billion | $63.65 Billion | ▲ +3.3% |
| 2021 | 1.32x | $46.33 Billion | $61.05 Billion | ▲ +116.9% |
| 2020 | 0.61x | $66.06 Billion | $40.14 Billion | ▲ +38.8% |
| 2019 | 0.44x | $38.51 Billion | $16.86 Billion | ▲ +0.2% |
| 2018 | 0.44x | $30.72 Billion | $13.43 Billion | ▼ -32.9% |
| 2017 | 0.65x | $18.36 Billion | $11.96 Billion | ▲ +43.5% |
| 2016 | 0.45x | $17.20 Billion | $7.80 Billion | ▲ +1.4% |
| 2015 | 0.45x | $12.04 Billion | $5.39 Billion | ▼ -37.4% |
| 2014 | 0.72x | $6.84 Billion | $4.89 Billion | ▲ +13.7% |
| 2013 | 0.63x | $5.47 Billion | $3.44 Billion | ▼ -30.5% |
| 2012 | 0.91x | $4.18 Billion | $3.79 Billion | ▲ +95.2% |
| 2011 | 0.46x | $3.90 Billion | $1.81 Billion | ▲ +65.6% |
| 2010 | 0.28x | $3.50 Billion | $979.00 Million | ▲ +147.3% |
| 2009 | 0.11x | $3.29 Billion | $373.00 Million | ▼ -42.3% |
| 2008 | 0.20x | $1.70 Billion | $333.00 Million | ▲ +23.1% |
| 2007 | 0.16x | $1.41 Billion | $224.00 Million | ▼ -48.2% |
| 2006 | 0.31x | $702.00 Million | $216.00 Million | ▲ +10.6% |
| 2005 | 0.28x | $733.00 Million | $204.00 Million | ▲ +77.0% |
| 2004 | 0.16x | $566.00 Million | $89.00 Million | ▲ +34.3% |
| 2003 | 0.12x | $393.00 Million | $46.00 Million | ▼ -47.9% |
| 2002 | 0.22x | $174.29 Million | $39.16 Million | ▼ -75.4% |
| 1998 | 0.91x | $31.04 Million | $28.33 Million | ▼ -91.8% |
| 1997 | 11.07x | $687.00K | $7.60 Million | — |