Verizon Communications Inc (VZ) — Capital Reinvestment Ratio
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). Check Verizon Communications Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Verizon Communications Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Verizon Communications Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Verizon Communications Inc.
Annual Capital Reinvestment Ratio for Verizon Communications Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Verizon Communications Inc from 1989 to 2025. See free cash flow generation of Verizon Communications Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | $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 | — |