Biogen Inc (BIIB) — Capital Reinvestment Ratio
Latest as of December 2025:
0.09x
Biogen Inc (BIIB) has a Capital Reinvestment Ratio of 0.09x as of December 2025, meaning it reinvests 0% of its operating cash flow ($511.90 Million) in capital expenditures ($43.90 Million). See Biogen Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.09x
Capex / Operating Cash Flow
Operating Cash Flow
$511.90 Million
USD
Capital Expenditures
$43.90 Million
USD
Data as of
Dec 2025
Most recent filing
Biogen Inc Capital Reinvestment Ratio (1990–2025)
This chart tracks Biogen Inc's Capital Reinvestment Ratio across 36 annual periods.
Annual Capital Reinvestment Ratio for Biogen Inc (1990–2025)
Year-by-year Capital Reinvestment Ratio for Biogen Inc from 1990 to 2025. For live market cap and broader valuation context, see Biogen Inc market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | $2.20 Billion | $153.80 Million | ▼ -44.2% |
| 2024 | 0.13x | $2.88 Billion | $359.80 Million | ▼ -37.8% |
| 2023 | 0.20x | $1.55 Billion | $311.40 Million | ▲ +15.9% |
| 2022 | 0.17x | $1.38 Billion | $240.30 Million | ▲ +114.3% |
| 2021 | 0.08x | $3.64 Billion | $294.90 Million | ▼ -37.9% |
| 2020 | 0.13x | $4.23 Billion | $551.80 Million | ▲ +79.5% |
| 2019 | 0.07x | $7.08 Billion | $514.50 Million | ▼ -41.6% |
| 2018 | 0.12x | $6.19 Billion | $770.60 Million | ▼ -34.7% |
| 2017 | 0.19x | $4.55 Billion | $867.40 Million | ▲ +39.9% |
| 2016 | 0.14x | $4.52 Billion | $616.10 Million | ▼ -21.3% |
| 2015 | 0.17x | $3.72 Billion | $643.00 Million | ▲ +76.9% |
| 2014 | 0.10x | $2.94 Billion | $287.80 Million | ▼ -93.5% |
| 2013 | 1.50x | $2.35 Billion | $3.51 Billion | ▲ +1005.1% |
| 2012 | 0.14x | $1.88 Billion | $254.55 Million | ▼ -7.2% |
| 2011 | 0.15x | $1.73 Billion | $252.18 Million | ▲ +37.0% |
| 2010 | 0.11x | $1.62 Billion | $173.06 Million | ▼ -30.9% |
| 2009 | 0.15x | $1.07 Billion | $165.65 Million | ▼ -12.6% |
| 2008 | 0.18x | $1.56 Billion | $275.95 Million | ▼ -36.6% |
| 2007 | 0.28x | $1.02 Billion | $284.11 Million | ▲ +18.1% |
| 2006 | 0.24x | $841.27 Million | $198.31 Million | ▼ -34.1% |
| 2005 | 0.36x | $889.50 Million | $318.38 Million | ▼ -29.5% |
| 2004 | 0.51x | $727.99 Million | $369.76 Million | ▼ -63.0% |
| 2003 | 1.37x | $219.21 Million | $301.25 Million | ▲ +121.2% |
| 2002 | 0.62x | $267.08 Million | $165.90 Million | ▲ +0.5% |
| 2001 | 0.62x | $316.36 Million | $195.53 Million | ▲ +13.6% |
| 2000 | 0.54x | $365.94 Million | $199.12 Million | ▲ +71.6% |
| 1999 | 0.32x | $272.29 Million | $86.33 Million | ▲ +58.3% |
| 1998 | 0.20x | $167.84 Million | $33.61 Million | ▼ -45.0% |
| 1997 | 0.36x | $97.63 Million | $35.55 Million | ▼ -74.2% |
| 1996 | 1.41x | $46.54 Million | $65.64 Million | ▼ -73.5% |
| 1995 | 5.32x | $9.45 Million | $50.31 Million | ▲ +325.3% |
| 1994 | 1.25x | $34.89 Million | $43.67 Million | ▲ +451.7% |
| 1993 | 0.23x | $47.60 Million | $10.80 Million | ▲ +4.0% |
| 1992 | 0.22x | $43.10 Million | $9.40 Million | ▼ -84.7% |
| 1991 | 1.42x | $5.90 Million | $8.40 Million | ▲ +37.2% |
| 1990 | 1.04x | $10.70 Million | $11.10 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow