Walmart Inc (WALM34) — Capital Reinvestment Ratio
Walmart Inc (WALM34) has a Capital Reinvestment Ratio of 0.68x as of October 2025, meaning it reinvests 1% of its operating cash flow (R$27.45 Billion) in capital expenditures (R$18.63 Billion). Check tangible net worth ratio of Walmart Inc to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Walmart Inc Capital Reinvestment Ratio (2015–2025)
This chart tracks Walmart Inc's Capital Reinvestment Ratio across 11 annual periods. For the full cash flow conversion analysis, see Walmart Inc (WALM34) cash flow conversion.
Annual Capital Reinvestment Ratio for Walmart Inc (2015–2025)
Year-by-year Capital Reinvestment Ratio for Walmart Inc from 2015 to 2025. See Walmart Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.65x | R$36.44 Billion | R$23.78 Billion | ▲ +13.1% |
| 2024 | 0.58x | R$35.73 Billion | R$20.61 Billion | ▼ -1.3% |
| 2023 | 0.58x | R$28.84 Billion | R$16.86 Billion | ▲ +7.8% |
| 2022 | 0.54x | R$24.18 Billion | R$13.11 Billion | ▲ +90.5% |
| 2021 | 0.28x | R$36.07 Billion | R$10.26 Billion | ▼ -32.9% |
| 2020 | 0.42x | R$25.25 Billion | R$10.71 Billion | ▲ +13.7% |
| 2019 | 0.37x | R$27.75 Billion | R$10.34 Billion | ▲ +5.1% |
| 2018 | 0.35x | R$28.34 Billion | R$10.05 Billion | ▲ +5.8% |
| 2017 | 0.34x | R$31.67 Billion | R$10.62 Billion | ▼ -19.5% |
| 2016 | 0.42x | R$27.55 Billion | R$11.48 Billion | ▼ -2.3% |
| 2015 | 0.43x | R$28.56 Billion | R$12.17 Billion | — |