Goldman Sachs Group Inc (GS) — Capital Reinvestment Ratio
Goldman Sachs Group Inc (GS) has a Capital Reinvestment Ratio of 0.21x as of September 2025, meaning it reinvests 0% of its operating cash flow ($2.68 Billion) in capital expenditures ($558.00 Million). Check GS 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
Goldman Sachs Group Inc Capital Reinvestment Ratio (2000–2022)
This chart tracks Goldman Sachs Group Inc's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see Goldman Sachs Group Inc operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Goldman Sachs Group Inc (2000–2022)
Year-by-year Capital Reinvestment Ratio for Goldman Sachs Group Inc from 2000 to 2022. See GS cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2022 | 0.43x | $8.71 Billion | $3.75 Billion | ▼ -91.5% |
| 2021 | 5.07x | $921.00 Million | $4.67 Billion | ▲ +1332.5% |
| 2019 | 0.35x | $23.87 Billion | $8.44 Billion | ▼ -9.5% |
| 2018 | 0.39x | $20.42 Billion | $7.98 Billion | ▼ -24.3% |
| 2016 | 0.52x | $5.57 Billion | $2.88 Billion | ▲ +96.1% |
| 2015 | 0.26x | $6.96 Billion | $1.83 Billion | ▲ +69.4% |
| 2013 | 0.16x | $4.54 Billion | $706.00 Million | ▲ +108.3% |
| 2012 | 0.07x | $12.88 Billion | $961.00 Million | ▲ +36.4% |
| 2011 | 0.05x | $21.64 Billion | $1.18 Billion | ▲ +71.8% |
| 2009 | 0.03x | $48.88 Billion | $1.56 Billion | ▼ -97.0% |
| 2008 | 1.07x | $1.89 Billion | $2.03 Billion | ▲ +236.6% |
| 2000 | 0.32x | $11.13 Billion | $3.54 Billion | — |