Sanofi SA (SAN) — Capital Reinvestment Ratio
Sanofi SA (SAN) has a Capital Reinvestment Ratio of 0.32x as of December 2025, meaning it reinvests 0% of its operating cash flow (€10.92 Billion) in capital expenditures (€3.54 Billion). Check how tangible is Sanofi SA's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Sanofi SA Capital Reinvestment Ratio (1999–2025)
This chart tracks Sanofi SA's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see SAN cash generation efficiency.
Annual Capital Reinvestment Ratio for Sanofi SA (1999–2025)
Year-by-year Capital Reinvestment Ratio for Sanofi SA from 1999 to 2025. See Sanofi SA (SAN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.32x | €10.92 Billion | €3.54 Billion | ▼ -7.9% |
| 2024 | 0.35x | €9.08 Billion | €3.19 Billion | ▲ +122.9% |
| 2023 | 0.16x | €10.26 Billion | €1.62 Billion | ▼ -24.5% |
| 2022 | 0.21x | €10.53 Billion | €2.20 Billion | ▲ +7.7% |
| 2021 | 0.19x | €10.52 Billion | €2.04 Billion | ▼ -31.6% |
| 2020 | 0.28x | €7.45 Billion | €2.11 Billion | ▲ +21.0% |
| 2019 | 0.23x | €7.74 Billion | €1.82 Billion | ▼ -34.2% |
| 2018 | 0.36x | €5.55 Billion | €1.98 Billion | ▲ +34.5% |
| 2017 | 0.27x | €7.38 Billion | €1.96 Billion | ▼ -0.3% |
| 2016 | 0.27x | €7.84 Billion | €2.08 Billion | ▼ -14.5% |
| 2015 | 0.31x | €8.92 Billion | €2.77 Billion | ▲ +53.5% |
| 2014 | 0.20x | €7.69 Billion | €1.56 Billion | ▲ +0.7% |
| 2013 | 0.20x | €6.95 Billion | €1.40 Billion | ▲ +1.9% |
| 2012 | 0.20x | €8.17 Billion | €1.61 Billion | ▲ +3.2% |
| 2011 | 0.19x | €9.32 Billion | €1.78 Billion | ▲ +18.6% |
| 2010 | 0.16x | €9.76 Billion | €1.57 Billion | ▼ -23.1% |
| 2009 | 0.21x | €8.52 Billion | €1.78 Billion | ▲ +11.3% |
| 2008 | 0.19x | €8.52 Billion | €1.61 Billion | ▼ -16.8% |
| 2007 | 0.23x | €7.12 Billion | €1.61 Billion | ▲ +2.9% |
| 2006 | 0.22x | €6.60 Billion | €1.45 Billion | ▲ +23.2% |
| 2005 | 0.18x | €6.39 Billion | €1.14 Billion | ▲ +9.2% |
| 2003 | 0.16x | €2.26 Billion | €370.02 Million | ▼ -80.5% |
| 2002 | 0.84x | €1.68 Billion | €1.40 Billion | ▲ +169.5% |
| 2001 | 0.31x | €1.82 Billion | €565.00 Million | ▲ +0.2% |
| 2000 | 0.31x | €1.20 Billion | €372.00 Million | ▼ -37.9% |
| 1999 | 0.50x | €828.00 Million | €414.00 Million | — |