Lazard Ltd (LAZ) — Capital Reinvestment Ratio
Latest as of September 2025:
0.09x
Lazard Ltd (LAZ) has a Capital Reinvestment Ratio of 0.09x as of September 2025, meaning it reinvests 0% of its operating cash flow ($287.47 Million) in capital expenditures ($25.51 Million). See LAZ FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.09x
Capex / Operating Cash Flow
Operating Cash Flow
$287.47 Million
USD
Capital Expenditures
$25.51 Million
USD
Data as of
Sep 2025
Most recent filing
Lazard Ltd Capital Reinvestment Ratio (2003–2024)
This chart tracks Lazard Ltd's Capital Reinvestment Ratio across 22 annual periods.
Annual Capital Reinvestment Ratio for Lazard Ltd (2003–2024)
Year-by-year Capital Reinvestment Ratio for Lazard Ltd from 2003 to 2024. For live market cap and broader valuation context, see Lazard Ltd market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.06x | $742.83 Million | $45.50 Million | ▼ -64.4% |
| 2023 | 0.17x | $164.66 Million | $28.30 Million | ▲ +189.5% |
| 2022 | 0.06x | $833.98 Million | $49.51 Million | ▲ +29.5% |
| 2021 | 0.05x | $866.08 Million | $39.70 Million | ▼ -58.9% |
| 2020 | 0.11x | $575.93 Million | $64.29 Million | ▲ +77.0% |
| 2019 | 0.06x | $677.95 Million | $42.76 Million | ▼ -11.1% |
| 2018 | 0.07x | $699.04 Million | $49.59 Million | ▲ +163.9% |
| 2017 | 0.03x | $1.03 Billion | $27.67 Million | ▼ -56.1% |
| 2016 | 0.06x | $632.60 Million | $38.75 Million | ▲ +104.1% |
| 2015 | 0.03x | $887.30 Million | $26.63 Million | ▼ -0.4% |
| 2014 | 0.03x | $736.02 Million | $22.18 Million | ▼ -74.0% |
| 2013 | 0.12x | $526.70 Million | $60.96 Million | ▼ -37.5% |
| 2012 | 0.19x | $481.91 Million | $89.30 Million | ▲ +58.7% |
| 2011 | 0.12x | $397.80 Million | $46.44 Million | ▲ +47.2% |
| 2010 | 0.08x | $168.80 Million | $13.38 Million | ▲ +62.9% |
| 2009 | 0.05x | $244.78 Million | $11.91 Million | ▲ +33.0% |
| 2008 | 0.04x | $505.89 Million | $18.51 Million | ▼ -81.9% |
| 2007 | 0.20x | $71.73 Million | $14.53 Million | ▲ +488.4% |
| 2006 | 0.03x | $238.04 Million | $8.19 Million | ▲ +293.5% |
| 2005 | 0.01x | $893.60 Million | $7.82 Million | ▼ -80.4% |
| 2004 | 0.04x | $426.28 Million | $19.01 Million | ▼ -83.6% |
| 2003 | 0.27x | $206.52 Million | $56.23 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow