Alphabet Inc Class A Capital Reinvestment Ratio
Alphabet Inc Class A capital reinvestment ratio. Alphabet Inc Class A (GOOGL) 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). See cash generation quality of Alphabet Inc Class A to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Alphabet Inc Class A (2001–2025)
Capital reinvestment ratio of Alphabet Inc Class A from 2001 to 2025. This chart tracks Alphabet Inc Class A's Capital Reinvestment Ratio across 25 annual periods. See GOOGL FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Alphabet Inc Class A Capital Reinvestment Ratio by Year (2001–2025)
Alphabet Inc Class A capital reinvestment ratio by year from 2001 to 2025. For the full cash flow conversion analysis, see cash flow conversion of Alphabet Inc Class A.
| 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 | — |