Micron Technology Inc (MU) — Capital Reinvestment Ratio
Micron Technology Inc (MU) has a Capital Reinvestment Ratio of 0.45x as of February 2026, meaning it reinvests 0% of its operating cash flow ($11.90 Billion) in capital expenditures ($5.39 Billion). Check tangible equity quality of Micron Technology Inc to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Micron Technology Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Micron Technology Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Micron Technology Inc.
Annual Capital Reinvestment Ratio for Micron Technology Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Micron Technology Inc from 1989 to 2025. See Micron Technology Inc (MU) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.90x | $17.52 Billion | $15.86 Billion | ▼ -8.2% |
| 2024 | 0.99x | $8.51 Billion | $8.39 Billion | ▼ -80.0% |
| 2023 | 4.92x | $1.56 Billion | $7.68 Billion | ▲ +519.4% |
| 2022 | 0.79x | $15.18 Billion | $12.07 Billion | ▼ -1.2% |
| 2021 | 0.80x | $12.47 Billion | $10.03 Billion | ▼ -18.7% |
| 2020 | 0.99x | $8.31 Billion | $8.22 Billion | ▲ +32.5% |
| 2019 | 0.75x | $13.19 Billion | $9.86 Billion | ▲ +43.1% |
| 2018 | 0.52x | $17.40 Billion | $9.09 Billion | ▼ -19.0% |
| 2017 | 0.64x | $8.15 Billion | $5.25 Billion | ▼ -65.2% |
| 2016 | 1.85x | $3.17 Billion | $5.86 Billion | ▲ +139.7% |
| 2015 | 0.77x | $5.21 Billion | $4.02 Billion | ▲ +65.5% |
| 2014 | 0.47x | $5.70 Billion | $2.66 Billion | ▼ -32.1% |
| 2013 | 0.69x | $1.81 Billion | $1.24 Billion | ▼ -14.5% |
| 2012 | 0.80x | $2.11 Billion | $1.70 Billion | ▼ -21.7% |
| 2011 | 1.03x | $2.48 Billion | $2.55 Billion | ▲ +416.0% |
| 2010 | 0.20x | $3.10 Billion | $616.00 Million | ▼ -50.8% |
| 2009 | 0.40x | $1.21 Billion | $488.00 Million | ▼ -83.7% |
| 2008 | 2.48x | $1.02 Billion | $2.53 Billion | ▼ -35.4% |
| 2007 | 3.85x | $937.00 Million | $3.60 Billion | ▲ +468.8% |
| 2006 | 0.68x | $2.02 Billion | $1.36 Billion | ▼ -21.4% |
| 2005 | 0.86x | $1.24 Billion | $1.06 Billion | ▼ -7.8% |
| 2004 | 0.93x | $1.16 Billion | $1.08 Billion | ▼ -67.7% |
| 2003 | 2.89x | $284.20 Million | $821.50 Million | ▲ +65.1% |
| 2002 | 1.75x | $578.10 Million | $1.01 Billion | ▼ -7.2% |
| 2001 | 1.89x | $789.10 Million | $1.49 Billion | ▲ +228.4% |
| 2000 | 0.57x | $2.07 Billion | $1.19 Billion | ▼ -39.4% |
| 1999 | 0.95x | $847.90 Million | $803.90 Million | ▼ -74.6% |
| 1998 | 3.74x | $189.20 Million | $707.10 Million | ▲ +336.4% |
| 1997 | 0.86x | $603.60 Million | $516.90 Million | ▼ -36.3% |
| 1996 | 1.34x | $1.06 Billion | $1.43 Billion | ▲ +91.3% |
| 1995 | 0.70x | $1.04 Billion | $730.00 Million | ▲ +56.1% |
| 1994 | 0.45x | $557.50 Million | $251.00 Million | ▲ +38.9% |
| 1993 | 0.32x | $257.30 Million | $83.40 Million | ▼ -31.0% |
| 1992 | 0.47x | $108.30 Million | $50.90 Million | ▼ -21.9% |
| 1991 | 0.60x | $86.40 Million | $52.00 Million | ▼ -31.2% |
| 1990 | 0.88x | $91.20 Million | $79.80 Million | ▼ -44.7% |
| 1989 | 1.58x | $125.90 Million | $199.10 Million | — |