Johnson & Johnson (JNJ) — 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). See JNJ equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Johnson & Johnson Capital Reinvestment Ratio (1989–2024)
This chart tracks Johnson & Johnson's Capital Reinvestment Ratio across 36 annual periods. Check Johnson & Johnson investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Johnson & Johnson (1989–2024)
Year-by-year Capital Reinvestment Ratio for Johnson & Johnson from 1989 to 2024. For live market cap and broader valuation context, see Johnson & Johnson stock valuation.
| 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 | — |