Orange S.A. (ORA) — Capital Reinvestment Ratio
Orange S.A. (ORA) has a Capital Reinvestment Ratio of 0.56x as of June 2026, meaning it reinvests 1% of its operating cash flow (€6.28 Billion) in capital expenditures (€3.53 Billion). Check ORA 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
Orange S.A. Capital Reinvestment Ratio (1997–2025)
This chart tracks Orange S.A.'s Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see how efficiently does Orange S.A. generate cash.
Annual Capital Reinvestment Ratio for Orange S.A. (1997–2025)
Year-by-year Capital Reinvestment Ratio for Orange S.A. from 1997 to 2025. See Orange S.A. (ORA) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.68x | €10.78 Billion | €7.32 Billion | ▲ +3.2% |
| 2024 | 0.66x | €10.20 Billion | €6.71 Billion | ▲ +1.3% |
| 2023 | 0.65x | €12.05 Billion | €7.83 Billion | ▼ -16.9% |
| 2022 | 0.78x | €11.23 Billion | €8.78 Billion | ▲ +0.3% |
| 2021 | 0.78x | €11.24 Billion | €8.75 Billion | ▲ +15.7% |
| 2020 | 0.67x | €12.70 Billion | €8.55 Billion | ▼ -18.6% |
| 2019 | 0.83x | €10.19 Billion | €8.42 Billion | ▲ +2.8% |
| 2018 | 0.80x | €9.51 Billion | €7.64 Billion | ▲ +8.7% |
| 2017 | 0.74x | €10.17 Billion | €7.53 Billion | ▼ -23.8% |
| 2016 | 0.97x | €8.75 Billion | €8.49 Billion | ▲ +19.0% |
| 2015 | 0.82x | €9.53 Billion | €7.77 Billion | ▲ +70.7% |
| 2014 | 0.48x | €8.80 Billion | €4.21 Billion | ▼ -16.9% |
| 2013 | 0.58x | €7.26 Billion | €4.17 Billion | ▲ +34.2% |
| 2012 | 0.43x | €10.02 Billion | €4.29 Billion | ▼ -17.8% |
| 2011 | 0.52x | €12.88 Billion | €6.71 Billion | ▲ +11.4% |
| 2010 | 0.47x | €12.59 Billion | €5.89 Billion | ▲ +17.0% |
| 2009 | 0.40x | €15.32 Billion | €6.13 Billion | ▼ -16.9% |
| 2008 | 0.48x | €15.03 Billion | €7.23 Billion | ▼ -0.3% |
| 2007 | 0.48x | €14.67 Billion | €7.08 Billion | ▼ -5.0% |
| 2006 | 0.51x | €13.86 Billion | €7.04 Billion | ▲ +10.6% |
| 2005 | 0.46x | €13.36 Billion | €6.14 Billion | ▲ +12.9% |
| 2004 | 0.41x | €12.81 Billion | €5.21 Billion | ▼ -9.7% |
| 2003 | 0.45x | €11.30 Billion | €5.09 Billion | ▼ -32.8% |
| 2002 | 0.67x | €11.83 Billion | €7.94 Billion | ▼ -44.5% |
| 2001 | 1.21x | €7.09 Billion | €8.57 Billion | ▼ -44.2% |
| 2000 | 2.16x | €6.63 Billion | €14.35 Billion | ▲ +251.0% |
| 1999 | 0.62x | €8.11 Billion | €5.00 Billion | ▼ -5.6% |
| 1998 | 0.65x | €7.14 Billion | €4.66 Billion | ▼ -10.5% |
| 1997 | 0.73x | €6.18 Billion | €4.52 Billion | — |