Paychex Inc (PAYX) — Capital Reinvestment Ratio
Paychex Inc (PAYX) has a Capital Reinvestment Ratio of 0.14x as of November 2025, meaning it reinvests 0% of its operating cash flow ($444.90 Million) in capital expenditures ($62.10 Million). See Paychex Inc balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Paychex Inc Capital Reinvestment Ratio (1990–2025)
This chart tracks Paychex Inc's Capital Reinvestment Ratio across 36 annual periods. Check Paychex Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Paychex Inc (1990–2025)
Year-by-year Capital Reinvestment Ratio for Paychex Inc from 1990 to 2025. For live market cap and broader valuation context, see Paychex Inc market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.10x | $1.95 Billion | $191.80 Million | ▲ +15.6% |
| 2024 | 0.09x | $1.90 Billion | $161.40 Million | ▲ +1.1% |
| 2023 | 0.08x | $1.70 Billion | $143.00 Million | ▼ -4.5% |
| 2022 | 0.09x | $1.51 Billion | $132.60 Million | ▼ -3.1% |
| 2021 | 0.09x | $1.26 Billion | $114.60 Million | ▲ +3.2% |
| 2020 | 0.09x | $1.44 Billion | $127.00 Million | ▼ -9.5% |
| 2019 | 0.10x | $1.27 Billion | $123.80 Million | ▼ -19.3% |
| 2018 | 0.12x | $1.28 Billion | $154.00 Million | ▲ +22.9% |
| 2017 | 0.10x | $960.40 Million | $94.30 Million | ▲ +2.3% |
| 2016 | 0.10x | $1.02 Billion | $97.70 Million | ▼ -16.4% |
| 2015 | 0.11x | $895.20 Million | $102.80 Million | ▲ +20.3% |
| 2014 | 0.10x | $880.90 Million | $84.10 Million | ▼ -34.7% |
| 2013 | 0.15x | $675.30 Million | $98.70 Million | ▲ +15.3% |
| 2012 | 0.13x | $706.60 Million | $89.60 Million | ▼ -12.2% |
| 2011 | 0.14x | $715.30 Million | $103.30 Million | ▲ +44.0% |
| 2010 | 0.10x | $610.92 Million | $61.26 Million | ▲ +6.7% |
| 2009 | 0.09x | $688.77 Million | $64.71 Million | ▼ -17.3% |
| 2008 | 0.11x | $724.67 Million | $82.29 Million | ▼ -9.3% |
| 2007 | 0.13x | $631.23 Million | $79.02 Million | ▼ -12.2% |
| 2006 | 0.14x | $569.23 Million | $81.14 Million | ▼ -5.7% |
| 2005 | 0.15x | $467.86 Million | $70.69 Million | ▲ +16.6% |
| 2004 | 0.13x | $390.09 Million | $50.56 Million | ▼ -19.6% |
| 2003 | 0.16x | $373.71 Million | $60.21 Million | ▼ -10.0% |
| 2002 | 0.18x | $303.82 Million | $54.38 Million | ▲ +20.6% |
| 2001 | 0.15x | $304.94 Million | $45.25 Million | ▲ +12.4% |
| 2000 | 0.13x | $249.03 Million | $32.89 Million | ▲ +4.0% |
| 1999 | 0.13x | $174.10 Million | $22.10 Million | ▼ -38.4% |
| 1998 | 0.21x | $136.80 Million | $28.20 Million | ▲ +16.6% |
| 1997 | 0.18x | $101.80 Million | $18.00 Million | ▼ -37.7% |
| 1996 | 0.28x | $59.90 Million | $17.00 Million | ▲ +11.0% |
| 1995 | 0.26x | $48.10 Million | $12.30 Million | ▼ -22.6% |
| 1994 | 0.33x | $34.20 Million | $11.30 Million | ▲ +11.7% |
| 1993 | 0.30x | $29.40 Million | $8.70 Million | ▼ -46.8% |
| 1992 | 0.56x | $24.10 Million | $13.40 Million | ▼ -49.8% |
| 1991 | 1.11x | $15.70 Million | $17.40 Million | ▲ +4.4% |
| 1990 | 1.06x | $14.50 Million | $15.40 Million | — |