Ciena Corp (CIEN) — Capital Reinvestment Ratio
Ciena Corp (CIEN) has a Capital Reinvestment Ratio of 0.16x as of April 2026, meaning it reinvests 0% of its operating cash flow ($259.70 Million) in capital expenditures ($41.05 Million). Check CIEN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Ciena Corp Capital Reinvestment Ratio (1997–2025)
This chart tracks Ciena Corp's Capital Reinvestment Ratio across 21 annual periods. For the full cash flow conversion analysis, see CIEN cash generation efficiency.
Annual Capital Reinvestment Ratio for Ciena Corp (1997–2025)
Year-by-year Capital Reinvestment Ratio for Ciena Corp from 1997 to 2025. See free cash flow generation of Ciena Corp to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $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 | — |