Bristol-Myers Squibb Company (BMY) — Capital Reinvestment Ratio
Bristol-Myers Squibb Company (BMY) has a Capital Reinvestment Ratio of 0.31x as of March 2026, meaning it reinvests 0% of its operating cash flow ($1.10 Billion) in capital expenditures ($347.00 Million). See Bristol-Myers Squibb Company (BMY) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Bristol-Myers Squibb Company Capital Reinvestment Ratio (1989–2025)
This chart tracks Bristol-Myers Squibb Company's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Bristol-Myers Squibb Company (1989–2025)
Year-by-year Capital Reinvestment Ratio for Bristol-Myers Squibb Company from 1989 to 2025. For live market cap and broader valuation context, see Bristol-Myers Squibb Company (BMY) total market value.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.09x | $14.16 Billion | $1.31 Billion | ▲ +12.7% |
| 2024 | 0.08x | $15.19 Billion | $1.25 Billion | ▼ -5.8% |
| 2023 | 0.09x | $13.86 Billion | $1.21 Billion | ▲ +1.9% |
| 2022 | 0.09x | $13.07 Billion | $1.12 Billion | ▲ +42.5% |
| 2021 | 0.06x | $16.21 Billion | $973.00 Million | ▲ +12.0% |
| 2020 | 0.05x | $14.05 Billion | $753.00 Million | ▼ -48.3% |
| 2019 | 0.10x | $8.07 Billion | $836.00 Million | ▼ -23.0% |
| 2018 | 0.13x | $7.07 Billion | $951.00 Million | ▼ -32.7% |
| 2017 | 0.20x | $5.28 Billion | $1.05 Billion | ▼ -49.7% |
| 2016 | 0.40x | $3.06 Billion | $1.22 Billion | ▲ +2.0% |
| 2015 | 0.39x | $2.10 Billion | $820.00 Million | ▲ +133.1% |
| 2014 | 0.17x | $3.15 Billion | $526.00 Million | ▲ +10.3% |
| 2013 | 0.15x | $3.54 Billion | $537.00 Million | ▲ +91.9% |
| 2012 | 0.08x | $6.94 Billion | $548.00 Million | ▲ +4.1% |
| 2011 | 0.08x | $4.84 Billion | $367.00 Million | ▼ -19.7% |
| 2010 | 0.09x | $4.49 Billion | $424.00 Million | ▼ -47.4% |
| 2009 | 0.18x | $4.07 Billion | $730.00 Million | ▼ -29.3% |
| 2008 | 0.25x | $3.71 Billion | $941.00 Million | ▼ -5.1% |
| 2007 | 0.27x | $3.15 Billion | $843.00 Million | ▼ -29.8% |
| 2006 | 0.38x | $2.08 Billion | $793.00 Million | ▼ -9.0% |
| 2005 | 0.42x | $1.84 Billion | $768.00 Million | ▲ +64.2% |
| 2004 | 0.25x | $3.18 Billion | $809.00 Million | ▼ -9.6% |
| 2003 | 0.28x | $3.51 Billion | $990.00 Million | ▼ -77.5% |
| 2002 | 1.25x | $945.00 Million | $1.18 Billion | ▲ +560.5% |
| 2001 | 0.19x | $5.40 Billion | $1.02 Billion | ▲ +49.6% |
| 2000 | 0.13x | $4.65 Billion | $589.00 Million | ▼ -24.6% |
| 1999 | 0.17x | $4.22 Billion | $709.00 Million | ▼ -19.4% |
| 1998 | 0.21x | $3.78 Billion | $788.00 Million | ▼ -32.7% |
| 1997 | 0.31x | $2.48 Billion | $767.00 Million | ▲ +36.1% |
| 1996 | 0.23x | $2.64 Billion | $601.00 Million | ▲ +10.9% |
| 1995 | 0.21x | $2.50 Billion | $513.00 Million | ▼ -17.6% |
| 1994 | 0.25x | $2.30 Billion | $573.00 Million | ▲ +12.7% |
| 1993 | 0.22x | $2.58 Billion | $570.00 Million | ▼ -30.8% |
| 1992 | 0.32x | $2.03 Billion | $647.00 Million | ▼ -6.8% |
| 1991 | 0.34x | $1.83 Billion | $628.00 Million | ▲ +16.9% |
| 1990 | 0.29x | $1.75 Billion | $513.00 Million | ▼ -37.2% |
| 1989 | 0.47x | $1.19 Billion | $555.00 Million | — |