Alphabet Inc Class A (GOOGL) — 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). Check GOOGL goodwill-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
Alphabet Inc Class A Capital Reinvestment Ratio (2001–2025)
This chart tracks Alphabet Inc Class A's Capital Reinvestment Ratio across 25 annual periods. For the full cash flow conversion analysis, see Alphabet Inc Class A operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Alphabet Inc Class A (2001–2025)
Year-by-year Capital Reinvestment Ratio for Alphabet Inc Class A from 2001 to 2025. See GOOGL 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 | 0.56x | $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 | — |