Orange S.A. (ORA) — Capital Reinvestment Ratio
Latest as of December 2025:
0.62x
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 ORA free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.62x
Capex / Operating Cash Flow
Operating Cash Flow
€6.07 Billion
EUR
Capital Expenditures
€3.78 Billion
EUR
Data as of
Dec 2025
Most recent filing
Orange S.A. Capital Reinvestment Ratio (1997–2025)
This chart tracks Orange S.A.'s Capital Reinvestment Ratio across 29 annual periods.
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 how much is Orange S.A. worth.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow