MicroStrategy Incorporated (MSTR) — Capital Reinvestment Ratio
MicroStrategy Incorporated (MSTR) has a Capital Reinvestment Ratio of 0.07x as of March 2026, meaning it reinvests 0% of its operating cash flow ($13.99 Million) in capital expenditures ($952.00K). Check MSTR intangible-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
MicroStrategy Incorporated Capital Reinvestment Ratio (1997–2023)
This chart tracks MicroStrategy Incorporated's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see MSTR cash flow conversion.
Annual Capital Reinvestment Ratio for MicroStrategy Incorporated (1997–2023)
Year-by-year Capital Reinvestment Ratio for MicroStrategy Incorporated from 1997 to 2023. See MSTR free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2023 | 149.88x | $12.71 Million | $1.91 Billion | ▲ +65.7% |
| 2022 | 90.44x | $3.21 Million | $290.41 Million | ▲ +222.8% |
| 2021 | 28.02x | $93.83 Million | $2.63 Billion | ▲ +33.1% |
| 2020 | 21.05x | $53.62 Million | $1.13 Billion | ▲ +12483.2% |
| 2019 | 0.17x | $60.87 Million | $10.18 Million | ▼ -74.0% |
| 2018 | 0.64x | $10.63 Million | $6.85 Million | ▲ +1167.1% |
| 2017 | 0.05x | $78.32 Million | $3.98 Million | ▲ +140.6% |
| 2016 | 0.02x | $110.59 Million | $2.34 Million | ▼ -75.8% |
| 2015 | 0.09x | $149.70 Million | $13.08 Million | ▼ -93.9% |
| 2014 | 1.42x | $14.60 Million | $20.80 Million | ▲ +158.7% |
| 2013 | 0.55x | $29.93 Million | $16.48 Million | ▼ -27.3% |
| 2012 | 0.76x | $49.88 Million | $37.77 Million | ▲ +8.1% |
| 2011 | 0.70x | $60.81 Million | $42.60 Million | ▲ +187.5% |
| 2010 | 0.24x | $75.83 Million | $18.47 Million | ▲ +4.5% |
| 2009 | 0.23x | $96.44 Million | $22.48 Million | ▼ -52.6% |
| 2008 | 0.49x | $88.92 Million | $43.74 Million | ▲ +686.1% |
| 2007 | 0.06x | $97.90 Million | $6.13 Million | ▲ +36.0% |
| 2006 | 0.05x | $104.42 Million | $4.81 Million | ▲ +147.5% |
| 2005 | 0.02x | $102.55 Million | $1.91 Million | ▼ -71.8% |
| 2004 | 0.07x | $85.56 Million | $5.65 Million | ▼ -42.1% |
| 2003 | 0.11x | $36.64 Million | $4.18 Million | ▼ -90.5% |
| 1997 | 1.20x | $4.96 Million | $5.95 Million | — |