Johnson & Johnson Capital Reinvestment Ratio
Johnson & Johnson capital reinvestment ratio. Johnson & Johnson (JNJ) has a Capital Reinvestment Ratio of 0.09x as of September 2025, meaning it reinvests 0% of its operating cash flow ($9.17 Billion) in capital expenditures ($788.00 Million). Check Johnson & Johnson (JNJ) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Johnson & Johnson (1989–2024)
Capital reinvestment ratio of Johnson & Johnson from 1989 to 2024. This chart tracks Johnson & Johnson's Capital Reinvestment Ratio across 36 annual periods. Also explore JNJ shareholders equity momentum to track the company's year-over-year net asset growth rate.
Johnson & Johnson Capital Reinvestment Ratio by Year (1989–2024)
Johnson & Johnson capital reinvestment ratio by year from 1989 to 2024. For the full cash flow conversion analysis, see Johnson & Johnson cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.18x | $24.27 Billion | $4.42 Billion | ▼ -8.5% |
| 2023 | 0.20x | $22.79 Billion | $4.54 Billion | ▲ +5.4% |
| 2022 | 0.19x | $21.19 Billion | $4.01 Billion | ▲ +21.3% |
| 2021 | 0.16x | $23.41 Billion | $3.65 Billion | ▲ +9.7% |
| 2020 | 0.14x | $23.54 Billion | $3.35 Billion | ▼ -4.8% |
| 2019 | 0.15x | $23.42 Billion | $3.50 Billion | ▼ -9.6% |
| 2018 | 0.17x | $22.20 Billion | $3.67 Billion | ▲ +6.2% |
| 2017 | 0.16x | $21.06 Billion | $3.28 Billion | ▼ -9.4% |
| 2016 | 0.17x | $18.77 Billion | $3.23 Billion | ▼ -4.3% |
| 2015 | 0.18x | $19.28 Billion | $3.46 Billion | ▼ -10.7% |
| 2014 | 0.20x | $18.47 Billion | $3.71 Billion | ▼ -2.6% |
| 2013 | 0.21x | $17.41 Billion | $3.60 Billion | ▲ +8.3% |
| 2012 | 0.19x | $15.40 Billion | $2.93 Billion | ▼ -5.8% |
| 2011 | 0.20x | $14.30 Billion | $2.89 Billion | ▲ +39.1% |
| 2010 | 0.15x | $16.39 Billion | $2.38 Billion | ▲ +1.9% |
| 2009 | 0.14x | $16.57 Billion | $2.37 Billion | ▼ -30.3% |
| 2008 | 0.20x | $14.97 Billion | $3.07 Billion | ▼ -5.7% |
| 2007 | 0.22x | $15.25 Billion | $3.31 Billion | ▲ +13.0% |
| 2006 | 0.19x | $14.25 Billion | $2.74 Billion | ▼ -13.3% |
| 2005 | 0.22x | $11.88 Billion | $2.63 Billion | ▲ +13.4% |
| 2004 | 0.20x | $11.13 Billion | $2.17 Billion | ▼ -8.5% |
| 2003 | 0.21x | $10.60 Billion | $2.26 Billion | ▼ -16.8% |
| 2002 | 0.26x | $8.18 Billion | $2.10 Billion | ▲ +31.5% |
| 2001 | 0.20x | $8.86 Billion | $1.73 Billion | ▼ -22.1% |
| 2000 | 0.25x | $6.56 Billion | $1.65 Billion | ▼ -28.8% |
| 1999 | 0.35x | $5.68 Billion | $2.00 Billion | ▼ -65.2% |
| 1998 | 1.01x | $4.89 Billion | $4.94 Billion | ▲ +215.7% |
| 1997 | 0.32x | $4.34 Billion | $1.39 Billion | ▼ -9.2% |
| 1996 | 0.35x | $3.89 Billion | $1.37 Billion | ▼ -5.0% |
| 1995 | 0.37x | $3.38 Billion | $1.26 Billion | ▲ +17.9% |
| 1994 | 0.31x | $2.98 Billion | $937.00 Million | ▼ -30.0% |
| 1993 | 0.45x | $2.17 Billion | $975.00 Million | ▼ -12.7% |
| 1992 | 0.52x | $2.14 Billion | $1.10 Billion | ▼ -12.6% |
| 1991 | 0.59x | $1.68 Billion | $987.00 Million | ▲ +17.6% |
| 1990 | 0.50x | $1.66 Billion | $830.00 Million | ▼ -16.5% |
| 1989 | 0.60x | $1.25 Billion | $750.00 Million | — |