Heidelberg Materials AG (HEI) — Capital Reinvestment Ratio
Heidelberg Materials AG (HEI) has a Capital Reinvestment Ratio of 0.43x as of December 2025, meaning it reinvests 0% of its operating cash flow (€3.25 Billion) in capital expenditures (€1.41 Billion). Check HEI tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Heidelberg Materials AG Capital Reinvestment Ratio (2002–2025)
This chart tracks Heidelberg Materials AG's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see Heidelberg Materials AG (HEI) cash conversion ratio.
Annual Capital Reinvestment Ratio for Heidelberg Materials AG (2002–2025)
Year-by-year Capital Reinvestment Ratio for Heidelberg Materials AG from 2002 to 2025. See HEI cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.42x | €3.25 Billion | €1.36 Billion | ▲ +2.4% |
| 2024 | 0.41x | €3.23 Billion | €1.32 Billion | ▼ -1.3% |
| 2023 | 0.41x | €3.21 Billion | €1.33 Billion | ▼ -24.8% |
| 2022 | 0.55x | €2.42 Billion | €1.34 Billion | ▼ -6.9% |
| 2021 | 0.59x | €2.40 Billion | €1.42 Billion | ▲ +85.0% |
| 2020 | 0.32x | €3.03 Billion | €969.30 Million | ▼ -27.9% |
| 2019 | 0.44x | €2.66 Billion | €1.18 Billion | ▼ -17.6% |
| 2018 | 0.54x | €1.97 Billion | €1.06 Billion | ▲ +6.1% |
| 2017 | 0.51x | €2.04 Billion | €1.04 Billion | ▼ -8.4% |
| 2016 | 0.55x | €1.87 Billion | €1.04 Billion | ▼ -11.4% |
| 2015 | 0.63x | €1.45 Billion | €907.70 Million | ▼ -1.5% |
| 2014 | 0.64x | €1.48 Billion | €941.20 Million | ▼ -28.2% |
| 2013 | 0.89x | €1.06 Billion | €936.40 Million | ▲ +61.2% |
| 2012 | 0.55x | €1.51 Billion | €831.40 Million | ▼ -16.3% |
| 2011 | 0.66x | €1.33 Billion | €874.40 Million | ▲ +2.3% |
| 2010 | 0.64x | €1.14 Billion | €734.00 Million | ▼ -6.2% |
| 2009 | 0.68x | €1.16 Billion | €795.78 Million | ▼ -5.4% |
| 2008 | 0.72x | €1.52 Billion | €1.10 Billion | ▲ +32.9% |
| 2007 | 0.54x | €1.91 Billion | €1.04 Billion | ▲ +21.7% |
| 2006 | 0.45x | €1.26 Billion | €562.20 Million | ▼ -35.2% |
| 2005 | 0.69x | €795.02 Million | €548.12 Million | ▲ +38.5% |
| 2004 | 0.50x | €937.35 Million | €466.49 Million | ▼ -14.9% |
| 2003 | 0.58x | €660.22 Million | €386.15 Million | ▲ +20.9% |
| 2002 | 0.48x | €944.84 Million | €457.24 Million | — |