Alphabet Inc Class C (GOOG) — Capital Reinvestment Ratio
Alphabet Inc Class C (GOOG) has a Capital Reinvestment Ratio of 1.15x as of June 2026, meaning it reinvests 1% of its operating cash flow ($39.07 Billion) in capital expenditures ($44.92 Billion). Check GOOG tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Alphabet Inc Class C Capital Reinvestment Ratio (2001–2025)
This chart tracks Alphabet Inc Class C's Capital Reinvestment Ratio across 25 annual periods. For the full cash flow conversion analysis, see GOOG operating cash flow.
Annual Capital Reinvestment Ratio for Alphabet Inc Class C (2001–2025)
Year-by-year Capital Reinvestment Ratio for Alphabet Inc Class C from 2001 to 2025. See Alphabet Inc Class C (GOOG) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.56x | $164.71 Billion | $91.45 Billion | ▲ +32.4% |
| 2024 | 0.42x | $125.30 Billion | $52.53 Billion | ▲ +32.3% |
| 2023 | 0.32x | $101.75 Billion | $32.25 Billion | ▼ -7.9% |
| 2022 | 0.34x | $91.50 Billion | $31.48 Billion | ▲ +28.0% |
| 2021 | 0.27x | $91.65 Billion | $24.64 Billion | ▼ -21.4% |
| 2020 | 0.34x | $65.12 Billion | $22.28 Billion | ▼ -20.8% |
| 2019 | 0.43x | $54.52 Billion | $23.55 Billion | ▼ -17.6% |
| 2018 | 0.52x | $47.97 Billion | $25.14 Billion | ▲ +47.4% |
| 2017 | 0.36x | $37.09 Billion | $13.18 Billion | ▲ +25.4% |
| 2016 | 0.28x | $36.04 Billion | $10.21 Billion | ▼ -25.6% |
| 2015 | 0.38x | $26.02 Billion | $9.91 Billion | ▼ -22.2% |
| 2014 | 0.49x | $22.38 Billion | $10.96 Billion | ▲ +24.2% |
| 2013 | 0.39x | $18.66 Billion | $7.36 Billion | ▲ +100.2% |
| 2012 | 0.20x | $16.62 Billion | $3.27 Billion | ▼ -16.6% |
| 2011 | 0.24x | $14.56 Billion | $3.44 Billion | ▼ -34.9% |
| 2010 | 0.36x | $11.08 Billion | $4.02 Billion | ▲ +317.1% |
| 2009 | 0.09x | $9.32 Billion | $809.89 Million | ▼ -71.1% |
| 2008 | 0.30x | $7.85 Billion | $2.36 Billion | ▼ -27.8% |
| 2007 | 0.42x | $5.78 Billion | $2.40 Billion | ▼ -21.7% |
| 2006 | 0.53x | $3.58 Billion | $1.90 Billion | ▲ +55.9% |
| 2005 | 0.34x | $2.46 Billion | $838.22 Million | ▲ +4.4% |
| 2004 | 0.33x | $977.04 Million | $319.00 Million | ▼ -27.0% |
| 2003 | 0.45x | $395.44 Million | $176.80 Million | ▲ +86.6% |
| 2002 | 0.24x | $155.26 Million | $37.20 Million | ▼ -42.9% |
| 2001 | 0.42x | $31.00 Million | $13.00 Million | — |