Microsoft Corporation (MSFT) — Capital Reinvestment Ratio
Microsoft Corporation (MSFT) has a Capital Reinvestment Ratio of 0.66x as of March 2026, meaning it reinvests 1% of its operating cash flow ($46.68 Billion) in capital expenditures ($30.88 Billion). See debt-free asset ratio of Microsoft Corporation to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Microsoft Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Microsoft Corporation's Capital Reinvestment Ratio across 37 annual periods. Check cash flow reinvestment rate of Microsoft Corporation to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Microsoft Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Microsoft Corporation from 1989 to 2025. For live market cap and broader valuation context, see Microsoft Corporation market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |