Orange S.A. (ORA) — Capital Reinvestment Ratio
Orange S.A. (ORA) has a Capital Reinvestment Ratio of 0.62x as of December 2025, meaning it reinvests 1% of its operating cash flow (€6.07 Billion) in capital expenditures (€3.78 Billion). See Orange S.A. balance sheet quality to measure how much of total assets are equity-financed.
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. Check Orange S.A. total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Orange S.A. (1997–2025)
Year-by-year Capital Reinvestment Ratio for Orange S.A. from 1997 to 2025. For live market cap and broader valuation context, see market cap of Orange S.A..
| 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 | — |