FedEx Corporation (FDX) — Capital Reinvestment Ratio
FedEx Corporation (FDX) has a Capital Reinvestment Ratio of 0.48x as of February 2026, meaning it reinvests 0% of its operating cash flow ($1.99 Billion) in capital expenditures ($955.00 Million). Check FDX tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
FedEx Corporation Capital Reinvestment Ratio (1990–2025)
This chart tracks FedEx Corporation's Capital Reinvestment Ratio across 39 annual periods. For the full cash flow conversion analysis, see how efficiently does FedEx Corporation generate cash.
Annual Capital Reinvestment Ratio for FedEx Corporation (1990–2025)
Year-by-year Capital Reinvestment Ratio for FedEx Corporation from 1990 to 2025. See FDX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.58x | $7.04 Billion | $4.05 Billion | ▼ -7.5% |
| 2024 | 0.62x | $8.31 Billion | $5.18 Billion | ▼ -11.1% |
| 2023 | 0.70x | $8.81 Billion | $6.17 Billion | ▲ +1.8% |
| 2022 | 0.69x | $9.83 Billion | $6.76 Billion | ▲ +18.5% |
| 2021 | 0.58x | $10.13 Billion | $5.88 Billion | ▼ -49.6% |
| 2020 | 1.15x | $5.10 Billion | $5.87 Billion | ▲ +17.7% |
| 2019 | 0.98x | $5.61 Billion | $5.49 Billion | ▼ -19.3% |
| 2018 | 1.21x | $4.67 Billion | $5.66 Billion | ▼ -4.8% |
| 2017 | 1.27x | $2.46 Billion | $3.13 Billion | ▲ +22.7% |
| 2017 | 1.04x | $4.93 Billion | $5.12 Billion | ▲ +2.7% |
| 2016 | 1.01x | $2.89 Billion | $2.92 Billion | ▲ +19.7% |
| 2016 | 0.84x | $5.71 Billion | $4.82 Billion | ▼ -37.5% |
| 2015 | 1.35x | $2.62 Billion | $3.53 Billion | ▲ +66.8% |
| 2015 | 0.81x | $5.37 Billion | $4.35 Billion | ▼ -2.2% |
| 2014 | 0.83x | $4.26 Billion | $3.53 Billion | ▲ +15.1% |
| 2013 | 0.72x | $4.69 Billion | $3.38 Billion | ▼ -13.1% |
| 2012 | 0.83x | $4.83 Billion | $4.01 Billion | ▼ -2.5% |
| 2011 | 0.85x | $4.04 Billion | $3.43 Billion | ▼ -5.3% |
| 2010 | 0.90x | $3.14 Billion | $2.82 Billion | ▲ +0.5% |
| 2009 | 0.89x | $2.75 Billion | $2.46 Billion | ▲ +5.6% |
| 2008 | 0.85x | $3.48 Billion | $2.95 Billion | ▲ +4.6% |
| 2007 | 0.81x | $3.56 Billion | $2.88 Billion | ▲ +18.1% |
| 2006 | 0.68x | $3.68 Billion | $2.52 Billion | ▼ -4.5% |
| 2005 | 0.72x | $3.12 Billion | $2.24 Billion | ▲ +70.4% |
| 2004 | 0.42x | $3.02 Billion | $1.27 Billion | ▼ -47.9% |
| 2003 | 0.81x | $1.87 Billion | $1.51 Billion | ▲ +11.4% |
| 2002 | 0.72x | $2.23 Billion | $1.61 Billion | ▼ -21.8% |
| 2001 | 0.93x | $2.04 Billion | $1.89 Billion | ▼ -7.5% |
| 2000 | 1.00x | $1.63 Billion | $1.63 Billion | ▲ +0.3% |
| 1999 | 1.00x | $1.77 Billion | $1.77 Billion | ▼ -9.4% |
| 1998 | 1.10x | $1.71 Billion | $1.88 Billion | ▼ -24.5% |
| 1997 | 1.46x | $1.01 Billion | $1.47 Billion | ▼ -2.2% |
| 1996 | 1.49x | $946.60 Million | $1.41 Billion | ▲ +45.0% |
| 1995 | 1.03x | $1.03 Billion | $1.06 Billion | ▼ -27.4% |
| 1994 | 1.42x | $767.30 Million | $1.09 Billion | ▲ +0.4% |
| 1993 | 1.41x | $725.10 Million | $1.02 Billion | ▼ -19.7% |
| 1992 | 1.76x | $520.80 Million | $915.90 Million | ▲ +34.7% |
| 1991 | 1.31x | $787.40 Million | $1.03 Billion | ▼ -42.1% |
| 1990 | 2.25x | $516.30 Million | $1.16 Billion | — |