Ciena Corp (CIEN) — Capital Reinvestment Ratio
Latest as of January 2026:
0.32x
Ciena Corp (CIEN) has a Capital Reinvestment Ratio of 0.32x as of January 2026, meaning it reinvests 0% of its operating cash flow ($227.65 Million) in capital expenditures ($73.89 Million). See Ciena Corp (CIEN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.32x
Capex / Operating Cash Flow
Operating Cash Flow
$227.65 Million
USD
Capital Expenditures
$73.89 Million
USD
Data as of
Jan 2026
Most recent filing
Ciena Corp Capital Reinvestment Ratio (1997–2025)
This chart tracks Ciena Corp's Capital Reinvestment Ratio across 21 annual periods.
Annual Capital Reinvestment Ratio for Ciena Corp (1997–2025)
Year-by-year Capital Reinvestment Ratio for Ciena Corp from 1997 to 2025. For live market cap and broader valuation context, see market cap of Ciena Corp.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $806.09 Million | $140.80 Million | ▼ -34.2% |
| 2024 | 0.27x | $514.53 Million | $136.64 Million | ▼ -57.9% |
| 2023 | 0.63x | $168.33 Million | $106.20 Million | ▲ +329.6% |
| 2021 | 0.15x | $541.65 Million | $79.55 Million | ▼ -12.3% |
| 2020 | 0.17x | $493.65 Million | $82.67 Million | ▲ +10.6% |
| 2019 | 0.15x | $413.14 Million | $62.58 Million | ▼ -48.6% |
| 2018 | 0.29x | $229.26 Million | $67.62 Million | ▼ -26.8% |
| 2017 | 0.40x | $234.88 Million | $94.60 Million | ▲ +8.8% |
| 2016 | 0.37x | $289.52 Million | $107.19 Million | ▲ +56.2% |
| 2015 | 0.24x | $262.11 Million | $62.11 Million | ▼ -55.9% |
| 2014 | 0.54x | $89.82 Million | $48.22 Million | ▼ -45.3% |
| 2013 | 0.98x | $44.68 Million | $43.81 Million | ▲ +118.3% |
| 2012 | 0.45x | $107.09 Million | $48.10 Million | ▼ -86.2% |
| 2009 | 3.25x | $7.42 Million | $24.11 Million | ▲ +1174.1% |
| 2008 | 0.26x | $117.62 Million | $30.00 Million | ▼ -13.6% |
| 2007 | 0.30x | $108.74 Million | $32.10 Million | ▼ -80.6% |
| 2001 | 1.52x | $156.99 Million | $238.54 Million | ▼ -27.6% |
| 2000 | 2.10x | $59.04 Million | $123.95 Million | ▼ -20.6% |
| 1999 | 2.64x | $17.70 Million | $46.80 Million | ▲ +8.6% |
| 1998 | 2.43x | $35.50 Million | $86.40 Million | ▲ +192.7% |
| 1997 | 0.83x | $80.10 Million | $66.60 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow