Altria Group (MO) — Capital Reinvestment Ratio
Altria Group (MO) has a Capital Reinvestment Ratio of 0.04x as of March 2026, meaning it reinvests 0% of its operating cash flow ($2.32 Billion) in capital expenditures ($93.00 Million). Check Altria Group (MO) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Altria Group Capital Reinvestment Ratio (1989–2025)
This chart tracks Altria Group's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Altria Group cash flow conversion.
Annual Capital Reinvestment Ratio for Altria Group (1989–2025)
Year-by-year Capital Reinvestment Ratio for Altria Group from 1989 to 2025. See Altria Group (MO) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.02x | $9.29 Billion | $216.00 Million | ▲ +43.3% |
| 2024 | 0.02x | $8.75 Billion | $142.00 Million | ▼ -23.1% |
| 2023 | 0.02x | $9.29 Billion | $196.00 Million | ▼ -15.0% |
| 2022 | 0.02x | $8.26 Billion | $205.00 Million | ▲ +23.5% |
| 2021 | 0.02x | $8.40 Billion | $169.00 Million | ▼ -27.0% |
| 2020 | 0.03x | $8.38 Billion | $231.00 Million | ▼ -12.2% |
| 2019 | 0.03x | $7.84 Billion | $246.00 Million | ▲ +10.7% |
| 2018 | 0.03x | $8.39 Billion | $238.00 Million | ▼ -29.8% |
| 2017 | 0.04x | $4.92 Billion | $199.00 Million | ▼ -18.9% |
| 2016 | 0.05x | $3.79 Billion | $189.00 Million | ▲ +26.5% |
| 2015 | 0.04x | $5.81 Billion | $229.00 Million | ▲ +12.8% |
| 2014 | 0.03x | $4.66 Billion | $163.00 Million | ▲ +16.7% |
| 2013 | 0.03x | $4.38 Billion | $131.00 Million | ▼ -5.8% |
| 2012 | 0.03x | $3.90 Billion | $124.00 Million | ▲ +9.3% |
| 2011 | 0.03x | $3.61 Billion | $105.00 Million | ▼ -52.1% |
| 2010 | 0.06x | $2.77 Billion | $168.00 Million | ▼ -23.4% |
| 2009 | 0.08x | $3.44 Billion | $273.00 Million | ▲ +60.6% |
| 2008 | 0.05x | $4.88 Billion | $241.00 Million | ▼ -65.1% |
| 2007 | 0.14x | $10.30 Billion | $1.46 Billion | ▼ -21.7% |
| 2006 | 0.18x | $13.59 Billion | $2.45 Billion | ▼ -9.4% |
| 2005 | 0.20x | $11.06 Billion | $2.21 Billion | ▲ +13.5% |
| 2004 | 0.18x | $10.89 Billion | $1.91 Billion | ▼ -3.7% |
| 2003 | 0.18x | $10.82 Billion | $1.97 Billion | ▼ -3.6% |
| 2002 | 0.19x | $10.61 Billion | $2.01 Billion | ▼ -12.4% |
| 2001 | 0.22x | $8.89 Billion | $1.92 Billion | ▲ +41.9% |
| 2000 | 0.15x | $11.04 Billion | $1.68 Billion | ▼ -0.9% |
| 1999 | 0.15x | $11.38 Billion | $1.75 Billion | ▼ -31.4% |
| 1998 | 0.22x | $8.12 Billion | $1.82 Billion | ▼ -0.2% |
| 1997 | 0.22x | $8.34 Billion | $1.87 Billion | ▼ -28.5% |
| 1996 | 0.31x | $7.63 Billion | $2.40 Billion | ▲ +29.6% |
| 1995 | 0.24x | $6.69 Billion | $1.62 Billion | ▼ -2.5% |
| 1994 | 0.25x | $6.94 Billion | $1.73 Billion | ▼ -63.5% |
| 1993 | 0.68x | $6.97 Billion | $4.75 Billion | ▲ +198.5% |
| 1992 | 0.23x | $6.88 Billion | $1.57 Billion | ▼ -17.0% |
| 1991 | 0.28x | $6.26 Billion | $1.72 Billion | ▲ +9.5% |
| 1990 | 0.25x | $5.38 Billion | $1.35 Billion | ▼ -26.6% |
| 1989 | 0.34x | $3.63 Billion | $1.25 Billion | — |