Microsoft Corporation Capital Reinvestment Ratio
Microsoft Corporation capital reinvestment ratio. Microsoft Corporation (MSFT) has a Capital Reinvestment Ratio of 0.65x as of June 2026, meaning it reinvests 1% of its operating cash flow ($55.44 Billion) in capital expenditures ($35.80 Billion). See Microsoft Corporation free cash flow ratio 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 Microsoft Corporation (1989–2026)
Capital reinvestment ratio of Microsoft Corporation from 1989 to 2026. This chart tracks Microsoft Corporation's Capital Reinvestment Ratio across 38 annual periods. See MSFT free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Microsoft Corporation Capital Reinvestment Ratio by Year (1989–2026)
Microsoft Corporation capital reinvestment ratio by year from 1989 to 2026. For the full cash flow conversion analysis, see Microsoft Corporation (MSFT) cash conversion ratio.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.63x | $182.94 Billion | $115.95 Billion | ▲ +33.7% |
| 2025 | 0.47x | $136.16 Billion | $64.55 Billion | ▲ +26.4% |
| 2024 | 0.38x | $118.55 Billion | $44.48 Billion | ▲ +16.9% |
| 2023 | 0.32x | $87.58 Billion | $28.11 Billion | ▲ +19.6% |
| 2022 | 0.27x | $89.03 Billion | $23.89 Billion | ▼ -0.2% |
| 2021 | 0.27x | $76.74 Billion | $20.62 Billion | ▲ +5.6% |
| 2020 | 0.25x | $60.67 Billion | $15.44 Billion | ▼ -4.6% |
| 2019 | 0.27x | $52.19 Billion | $13.93 Billion | ▲ +0.7% |
| 2018 | 0.27x | $43.88 Billion | $11.63 Billion | ▲ +28.8% |
| 2017 | 0.21x | $39.51 Billion | $8.13 Billion | ▼ -17.8% |
| 2016 | 0.25x | $33.33 Billion | $8.34 Billion | ▲ +25.0% |
| 2015 | 0.20x | $29.67 Billion | $5.94 Billion | ▲ +18.7% |
| 2014 | 0.17x | $32.50 Billion | $5.49 Billion | ▲ +14.3% |
| 2013 | 0.15x | $28.83 Billion | $4.26 Billion | ▲ +102.6% |
| 2012 | 0.07x | $31.63 Billion | $2.31 Billion | ▼ -16.5% |
| 2011 | 0.09x | $26.99 Billion | $2.35 Billion | ▲ +6.2% |
| 2010 | 0.08x | $24.07 Billion | $1.98 Billion | ▼ -49.9% |
| 2009 | 0.16x | $19.04 Billion | $3.12 Billion | ▲ +11.3% |
| 2008 | 0.15x | $21.61 Billion | $3.18 Billion | ▲ +15.7% |
| 2007 | 0.13x | $17.80 Billion | $2.26 Billion | ▲ +16.1% |
| 2006 | 0.11x | $14.40 Billion | $1.58 Billion | ▲ +124.0% |
| 2005 | 0.05x | $16.61 Billion | $812.00 Million | ▼ -35.5% |
| 2004 | 0.08x | $14.63 Billion | $1.11 Billion | ▲ +34.4% |
| 2003 | 0.06x | $15.80 Billion | $891.00 Million | ▲ +6.3% |
| 2002 | 0.05x | $14.51 Billion | $770.00 Million | ▼ -35.4% |
| 2001 | 0.08x | $13.42 Billion | $1.10 Billion | ▲ +6.8% |
| 2000 | 0.08x | $11.43 Billion | $879.00 Million | ▲ +73.3% |
| 1999 | 0.04x | $13.14 Billion | $583.00 Million | ▼ -43.0% |
| 1998 | 0.08x | $8.43 Billion | $656.00 Million | ▼ -26.9% |
| 1997 | 0.11x | $4.69 Billion | $499.00 Million | ▼ -19.9% |
| 1996 | 0.13x | $3.72 Billion | $494.00 Million | ▼ -46.6% |
| 1995 | 0.25x | $1.99 Billion | $495.00 Million | ▲ +42.5% |
| 1994 | 0.17x | $1.59 Billion | $278.00 Million | ▼ -20.6% |
| 1993 | 0.22x | $1.07 Billion | $236.00 Million | ▼ -37.0% |
| 1992 | 0.35x | $907.00 Million | $316.60 Million | ▼ -26.3% |
| 1991 | 0.47x | $557.90 Million | $264.40 Million | ▼ -16.6% |
| 1990 | 0.57x | $278.30 Million | $158.10 Million | ▲ +41.4% |
| 1989 | 0.40x | $222.50 Million | $89.40 Million | — |