Biogen Inc (BIIB) — Capital Reinvestment Ratio
Biogen Inc (BIIB) has a Capital Reinvestment Ratio of 0.09x as of June 2026, meaning it reinvests 0% of its operating cash flow ($448.90 Million) in capital expenditures ($40.90 Million). Check Biogen Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Biogen Inc Capital Reinvestment Ratio (1990–2025)
This chart tracks Biogen Inc's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see Biogen Inc (BIIB) cash flow conversion.
Annual Capital Reinvestment Ratio for Biogen Inc (1990–2025)
Year-by-year Capital Reinvestment Ratio for Biogen Inc from 1990 to 2025. See Biogen Inc free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | $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 | — |