Verizon Communications Inc (VZ) — Capital Reinvestment Ratio
Latest as of March 2026:
0.53x
Verizon Communications Inc (VZ) has a Capital Reinvestment Ratio of 0.53x as of March 2026, meaning it reinvests 1% of its operating cash flow ($7.98 Billion) in capital expenditures ($4.20 Billion). See VZ FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.53x
Capex / Operating Cash Flow
Operating Cash Flow
$7.98 Billion
USD
Capital Expenditures
$4.20 Billion
USD
Data as of
Mar 2026
Most recent filing
Verizon Communications Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Verizon Communications Inc's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Verizon Communications Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Verizon Communications Inc from 1989 to 2025. For live market cap and broader valuation context, see VZ stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | $37.14 Billion | $17.01 Billion | ▼ -6.0% |
| 2024 | 0.49x | $36.91 Billion | $17.99 Billion | ▼ -2.7% |
| 2023 | 0.50x | $37.48 Billion | $18.77 Billion | ▼ -30.4% |
| 2022 | 0.72x | $37.14 Billion | $26.74 Billion | ▲ +40.3% |
| 2021 | 0.51x | $39.54 Billion | $20.29 Billion | ▲ +5.5% |
| 2020 | 0.49x | $41.77 Billion | $20.32 Billion | ▼ -7.7% |
| 2019 | 0.53x | $35.75 Billion | $18.84 Billion | ▲ +0.0% |
| 2018 | 0.53x | $34.34 Billion | $18.09 Billion | ▼ -28.2% |
| 2017 | 0.73x | $24.32 Billion | $17.83 Billion | ▼ -9.6% |
| 2016 | 0.81x | $21.69 Billion | $17.59 Billion | ▲ +78.1% |
| 2015 | 0.46x | $39.03 Billion | $17.77 Billion | ▼ -20.5% |
| 2014 | 0.57x | $30.63 Billion | $17.55 Billion | ▲ +29.4% |
| 2013 | 0.44x | $38.82 Billion | $17.18 Billion | ▼ -30.7% |
| 2012 | 0.64x | $31.49 Billion | $20.11 Billion | ▲ +17.1% |
| 2011 | 0.55x | $29.78 Billion | $16.24 Billion | ▲ +10.6% |
| 2010 | 0.49x | $33.36 Billion | $16.46 Billion | ▼ -9.2% |
| 2009 | 0.54x | $31.39 Billion | $17.05 Billion | ▼ -13.5% |
| 2008 | 0.63x | $27.45 Billion | $17.24 Billion | ▼ -3.9% |
| 2007 | 0.65x | $26.84 Billion | $17.54 Billion | ▼ -7.9% |
| 2006 | 0.71x | $24.11 Billion | $17.10 Billion | ▲ +2.0% |
| 2005 | 0.70x | $22.02 Billion | $15.32 Billion | ▲ +14.3% |
| 2004 | 0.61x | $21.79 Billion | $13.26 Billion | ▲ +15.0% |
| 2003 | 0.53x | $22.47 Billion | $11.88 Billion | ▼ -2.5% |
| 2002 | 0.54x | $22.08 Billion | $11.98 Billion | ▼ -39.0% |
| 2001 | 0.89x | $19.53 Billion | $17.37 Billion | ▼ -20.1% |
| 2000 | 1.11x | $15.83 Billion | $17.63 Billion | ▲ +106.5% |
| 1999 | 0.54x | $17.02 Billion | $9.18 Billion | ▲ +13.0% |
| 1998 | 0.48x | $15.72 Billion | $7.51 Billion | ▼ -36.3% |
| 1997 | 0.75x | $8.86 Billion | $6.64 Billion | ▲ +157.7% |
| 1996 | 0.29x | $8.78 Billion | $2.55 Billion | ▼ -12.6% |
| 1995 | 0.33x | $7.89 Billion | $2.63 Billion | ▼ -52.8% |
| 1994 | 0.71x | $3.75 Billion | $2.65 Billion | ▲ +18.7% |
| 1993 | 0.59x | $4.23 Billion | $2.52 Billion | ▼ -6.1% |
| 1992 | 0.63x | $3.93 Billion | $2.49 Billion | ▼ -3.3% |
| 1991 | 0.65x | $3.76 Billion | $2.46 Billion | ▼ -8.2% |
| 1990 | 0.71x | $3.54 Billion | $2.52 Billion | ▲ +7.4% |
| 1989 | 0.66x | $3.89 Billion | $2.58 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow