Brown-Forman Corporation Capital Reinvestment Ratio
Brown-Forman Corporation capital reinvestment ratio. Brown-Forman Corporation (BF-A) has a Capital Reinvestment Ratio of 0.09x as of April 2026, meaning it reinvests 0% of its operating cash flow ($291.00 Million) in capital expenditures ($26.00 Million). See BF-A free cash flow generation 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 Brown-Forman Corporation (1989–2026)
Capital reinvestment ratio of Brown-Forman Corporation from 1989 to 2026. This chart tracks Brown-Forman Corporation's Capital Reinvestment Ratio across 38 annual periods. See Brown-Forman Corporation (BF-A) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Brown-Forman Corporation Capital Reinvestment Ratio by Year (1989–2026)
Brown-Forman Corporation capital reinvestment ratio by year from 1989 to 2026. For the full cash flow conversion analysis, see Brown-Forman Corporation cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.11x | $1.00 Billion | $107.00 Million | ▼ -61.7% |
| 2025 | 0.28x | $598.00 Million | $167.00 Million | ▼ -20.8% |
| 2024 | 0.35x | $647.00 Million | $228.00 Million | ▲ +23.2% |
| 2023 | 0.29x | $640.00 Million | $183.00 Million | ▲ +93.9% |
| 2022 | 0.15x | $936.00 Million | $138.00 Million | ▲ +94.3% |
| 2021 | 0.08x | $817.00 Million | $62.00 Million | ▼ -51.4% |
| 2020 | 0.16x | $724.00 Million | $113.00 Million | ▲ +4.9% |
| 2019 | 0.15x | $800.00 Million | $119.00 Million | ▼ -26.0% |
| 2018 | 0.20x | $632.00 Million | $127.00 Million | ▲ +14.6% |
| 2017 | 0.18x | $639.00 Million | $112.00 Million | ▼ -15.0% |
| 2016 | 0.21x | $524.00 Million | $108.00 Million | ▲ +4.4% |
| 2015 | 0.20x | $608.00 Million | $120.00 Million | ▲ +1.7% |
| 2014 | 0.19x | $649.00 Million | $126.00 Million | ▲ +9.7% |
| 2013 | 0.18x | $537.00 Million | $95.00 Million | ▲ +57.4% |
| 2012 | 0.11x | $516.00 Million | $58.00 Million | ▲ +51.9% |
| 2011 | 0.07x | $527.00 Million | $39.00 Million | ▲ +18.6% |
| 2010 | 0.06x | $545.00 Million | $34.00 Million | ▼ -43.3% |
| 2009 | 0.11x | $491.00 Million | $54.00 Million | ▼ -11.0% |
| 2008 | 0.12x | $534.00 Million | $66.00 Million | ▼ -52.3% |
| 2007 | 0.26x | $355.00 Million | $92.00 Million | ▲ +68.2% |
| 2006 | 0.15x | $344.00 Million | $53.00 Million | ▲ +24.5% |
| 2005 | 0.12x | $396.00 Million | $49.00 Million | ▼ -32.4% |
| 2004 | 0.18x | $306.00 Million | $56.00 Million | ▼ -65.0% |
| 2003 | 0.52x | $243.00 Million | $127.00 Million | ▲ +84.0% |
| 2002 | 0.28x | $250.00 Million | $71.00 Million | ▼ -31.7% |
| 2001 | 0.42x | $231.00 Million | $96.00 Million | ▲ +28.4% |
| 2000 | 0.32x | $241.00 Million | $78.00 Million | ▼ -31.1% |
| 1999 | 0.47x | $213.00 Million | $100.00 Million | ▲ +134.7% |
| 1998 | 0.20x | $220.00 Million | $44.00 Million | ▼ -33.5% |
| 1997 | 0.30x | $183.00 Million | $55.00 Million | ▼ -12.9% |
| 1996 | 0.35x | $171.00 Million | $59.00 Million | ▲ +33.2% |
| 1995 | 0.26x | $197.30 Million | $51.10 Million | ▲ +108.8% |
| 1994 | 0.12x | $220.90 Million | $27.40 Million | ▼ -28.8% |
| 1993 | 0.17x | $192.90 Million | $33.60 Million | ▼ -47.8% |
| 1992 | 0.33x | $156.20 Million | $52.10 Million | ▼ -13.0% |
| 1991 | 0.38x | $134.40 Million | $51.50 Million | ▼ -4.1% |
| 1990 | 0.40x | $125.40 Million | $50.10 Million | ▲ +45.3% |
| 1989 | 0.27x | $138.20 Million | $38.00 Million | — |