FedEx Corporation Capital Reinvestment Ratio
FedEx Corporation 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). See FedEx Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of FedEx Corporation (1990–2025)
Capital reinvestment ratio of FedEx Corporation from 1990 to 2025. This chart tracks FedEx Corporation's Capital Reinvestment Ratio across 39 annual periods. See FedEx Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
FedEx Corporation Capital Reinvestment Ratio by Year (1990–2025)
FedEx Corporation capital reinvestment ratio by year from 1990 to 2025. For the full cash flow conversion analysis, see FedEx Corporation cash flow conversion.
| 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 | — |