AT&T Inc. (T) — Capital Reinvestment Ratio
AT&T Inc. (T) has a Capital Reinvestment Ratio of 0.65x as of March 2026, meaning it reinvests 1% of its operating cash flow ($7.56 Billion) in capital expenditures ($4.88 Billion). See AT&T Inc. net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
AT&T Inc. Capital Reinvestment Ratio (1989–2025)
This chart tracks AT&T Inc.'s Capital Reinvestment Ratio across 37 annual periods. Check total reinvestment intensity of AT&T Inc. to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for AT&T Inc. (1989–2025)
Year-by-year Capital Reinvestment Ratio for AT&T Inc. from 1989 to 2025. For live market cap and broader valuation context, see how much is AT&T Inc. worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.52x | $40.28 Billion | $20.84 Billion | ▼ -1.0% |
| 2024 | 0.52x | $38.77 Billion | $20.26 Billion | ▲ +12.2% |
| 2023 | 0.47x | $38.31 Billion | $17.85 Billion | ▼ -24.0% |
| 2022 | 0.61x | $32.02 Billion | $19.63 Billion | ▲ +55.6% |
| 2021 | 0.39x | $41.96 Billion | $16.53 Billion | ▲ +8.4% |
| 2020 | 0.36x | $43.13 Billion | $15.68 Billion | ▼ -9.0% |
| 2019 | 0.40x | $48.67 Billion | $19.43 Billion | ▼ -16.1% |
| 2018 | 0.48x | $43.60 Billion | $20.76 Billion | ▼ -12.4% |
| 2017 | 0.54x | $38.01 Billion | $20.65 Billion | ▼ -0.7% |
| 2016 | 0.55x | $39.34 Billion | $21.52 Billion | ▲ +2.1% |
| 2015 | 0.54x | $35.88 Billion | $19.22 Billion | ▼ -20.8% |
| 2014 | 0.68x | $31.34 Billion | $21.20 Billion | ▲ +12.4% |
| 2013 | 0.60x | $34.80 Billion | $20.94 Billion | ▲ +21.1% |
| 2012 | 0.50x | $39.18 Billion | $19.46 Billion | ▼ -14.4% |
| 2011 | 0.58x | $34.65 Billion | $20.11 Billion | ▲ +4.0% |
| 2010 | 0.56x | $34.99 Billion | $19.53 Billion | ▲ +15.8% |
| 2009 | 0.48x | $34.45 Billion | $16.59 Billion | ▼ -17.6% |
| 2008 | 0.58x | $33.66 Billion | $19.68 Billion | ▲ +12.4% |
| 2007 | 0.52x | $34.07 Billion | $17.72 Billion | ▼ -2.4% |
| 2006 | 0.53x | $15.62 Billion | $8.32 Billion | ▲ +24.0% |
| 2005 | 0.43x | $12.97 Billion | $5.58 Billion | ▼ -7.7% |
| 2004 | 0.47x | $10.96 Billion | $5.10 Billion | ▲ +20.5% |
| 2003 | 0.39x | $13.52 Billion | $5.22 Billion | ▼ -13.7% |
| 2002 | 0.45x | $15.21 Billion | $6.81 Billion | ▼ -40.8% |
| 2001 | 0.76x | $14.80 Billion | $11.19 Billion | ▼ -17.7% |
| 2000 | 0.92x | $14.30 Billion | $13.12 Billion | ▲ +47.7% |
| 1999 | 0.62x | $16.58 Billion | $10.30 Billion | ▼ -12.1% |
| 1998 | 0.71x | $8.38 Billion | $5.93 Billion | ▼ -14.5% |
| 1997 | 0.83x | $6.97 Billion | $5.77 Billion | ▲ +31.8% |
| 1996 | 0.63x | $4.82 Billion | $3.03 Billion | ▲ +8.0% |
| 1995 | 0.58x | $4.02 Billion | $2.34 Billion | ▼ -2.0% |
| 1994 | 0.59x | $3.97 Billion | $2.35 Billion | ▼ -8.2% |
| 1993 | 0.65x | $3.44 Billion | $2.22 Billion | ▲ +8.8% |
| 1992 | 0.59x | $3.61 Billion | $2.14 Billion | ▼ -6.0% |
| 1991 | 0.63x | $2.89 Billion | $1.83 Billion | ▼ -5.2% |
| 1990 | 0.67x | $2.67 Billion | $1.78 Billion | ▲ +24.1% |
| 1989 | 0.54x | $2.77 Billion | $1.48 Billion | — |