Orange S.A. Capital Reinvestment Ratio
Orange S.A. 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). See Orange S.A. free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Orange S.A. (1997–2025)
Capital reinvestment ratio of Orange S.A. from 1997 to 2025. This chart tracks Orange S.A.'s Capital Reinvestment Ratio across 29 annual periods. See Orange S.A. free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Orange S.A. Capital Reinvestment Ratio by Year (1997–2025)
Orange S.A. capital reinvestment ratio by year from 1997 to 2025. For the full cash flow conversion analysis, see how efficiently does Orange S.A. generate 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 | — |