Berkshire Hathaway Inc (BRK-A) — Capital Reinvestment Ratio
Berkshire Hathaway Inc (BRK-A) has a Capital Reinvestment Ratio of 0.48x as of March 2026, meaning it reinvests 0% of its operating cash flow ($10.44 Billion) in capital expenditures ($4.99 Billion). Check BRK-A tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Berkshire Hathaway Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Berkshire Hathaway Inc's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see Berkshire Hathaway Inc (BRK-A) cash flow conversion.
Annual Capital Reinvestment Ratio for Berkshire Hathaway Inc (1991–2025)
Year-by-year Capital Reinvestment Ratio for Berkshire Hathaway Inc from 1991 to 2025. See Berkshire Hathaway Inc (BRK-A) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | $45.97 Billion | $20.93 Billion | ▼ -26.6% |
| 2024 | 0.62x | $30.59 Billion | $18.98 Billion | ▲ +57.2% |
| 2023 | 0.39x | $49.20 Billion | $19.41 Billion | ▼ -5.0% |
| 2022 | 0.42x | $37.22 Billion | $15.46 Billion | ▲ +23.4% |
| 2021 | 0.34x | $39.42 Billion | $13.28 Billion | ▲ +2.9% |
| 2020 | 0.33x | $39.77 Billion | $13.01 Billion | ▼ -20.8% |
| 2019 | 0.41x | $38.69 Billion | $15.98 Billion | ▲ +6.3% |
| 2018 | 0.39x | $37.40 Billion | $14.54 Billion | ▲ +52.0% |
| 2017 | 0.26x | $45.78 Billion | $11.71 Billion | ▼ -35.8% |
| 2016 | 0.40x | $32.53 Billion | $12.95 Billion | ▼ -22.0% |
| 2015 | 0.51x | $31.49 Billion | $16.08 Billion | ▲ +7.7% |
| 2014 | 0.47x | $32.01 Billion | $15.19 Billion | ▲ +18.5% |
| 2013 | 0.40x | $27.70 Billion | $11.09 Billion | ▼ -14.2% |
| 2012 | 0.47x | $20.95 Billion | $9.78 Billion | ▲ +16.6% |
| 2011 | 0.40x | $20.48 Billion | $8.19 Billion | ▲ +19.7% |
| 2010 | 0.33x | $17.89 Billion | $5.98 Billion | ▲ +7.3% |
| 2009 | 0.31x | $15.85 Billion | $4.94 Billion | ▼ -42.9% |
| 2008 | 0.55x | $11.25 Billion | $6.14 Billion | ▲ +27.4% |
| 2007 | 0.43x | $12.55 Billion | $5.37 Billion | ▼ -4.5% |
| 2006 | 0.45x | $10.20 Billion | $4.57 Billion | ▲ +92.9% |
| 2005 | 0.23x | $9.45 Billion | $2.19 Billion | ▲ +43.3% |
| 2004 | 0.16x | $7.41 Billion | $1.20 Billion | ▲ +12.1% |
| 2003 | 0.14x | $8.26 Billion | $1.20 Billion | ▼ -48.3% |
| 2002 | 0.28x | $11.20 Billion | $3.13 Billion | ▼ -65.8% |
| 2001 | 0.82x | $6.57 Billion | $5.38 Billion | ▲ +745.6% |
| 2000 | 0.10x | $2.95 Billion | $285.00 Million | ▼ -87.3% |
| 1999 | 0.76x | $2.20 Billion | $1.68 Billion | ▼ -31.5% |
| 1998 | 1.12x | $657.00 Million | $733.00 Million | ▲ +1111.4% |
| 1997 | 0.09x | $2.34 Billion | $215.10 Million | ▼ -48.6% |
| 1996 | 0.18x | $1.26 Billion | $225.60 Million | ▲ +48.9% |
| 1992 | 0.12x | $997.20 Million | $119.90 Million | ▼ -47.0% |
| 1991 | 0.23x | $709.20 Million | $161.00 Million | — |