Heineken (HEIA) — Cash Flow Reinvestment Rate
Latest as of June 2026:
0.40x
Heineken (HEIA) has a Cash Flow Reinvestment Rate of 0.40x as of June 2026, reinvesting €1.00 Billion (capex €1.00 Billion ) from operating cash flow of €2.48 Billion. See Heineken free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.40x
(Capex + Investments) / Operating CF
Total Reinvested
€1.00 Billion
Capex + Investments
Operating Cash Flow
€2.48 Billion
EUR
Capital Expenditures
€1.00 Billion
EUR
Heineken Cash Flow Reinvestment Rate (1999–2025)
Historical reinvestment intensity for Heineken across 27 annual periods. For the full cash flow conversion analysis, see HEIA operating cash flow.
Annual Cash Flow Reinvestment Rate for Heineken (1999–2025)
Year-by-year capital reinvestment analysis for Heineken. See Heineken free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | €2.40 Billion | €5.01 Billion | €2.40 Billion | ▼ -42.9% |
| 2024 | 0.84x | €4.62 Billion | €5.50 Billion | €2.18 Billion | ▼ -40.5% |
| 2023 | 1.41x | €6.25 Billion | €4.43 Billion | €2.68 Billion | ▲ +47.7% |
| 2022 | 0.96x | €4.30 Billion | €4.50 Billion | €2.01 Billion | ▲ +76.5% |
| 2021 | 0.54x | €2.26 Billion | €4.18 Billion | €1.60 Billion | ▼ -9.7% |
| 2020 | 0.60x | €1.88 Billion | €3.14 Billion | €1.64 Billion | ▼ -47.2% |
| 2019 | 1.14x | €4.93 Billion | €4.34 Billion | €2.10 Billion | ▲ +143.6% |
| 2018 | 0.47x | €2.05 Billion | €4.39 Billion | €1.89 Billion | ▲ +2.1% |
| 2017 | 0.46x | €1.77 Billion | €3.88 Billion | €1.70 Billion | ▼ -54.9% |
| 2016 | 1.01x | €3.76 Billion | €3.72 Billion | €1.76 Billion | ▲ +66.1% |
| 2015 | 0.61x | €2.13 Billion | €3.49 Billion | €1.64 Billion | ▲ +24.5% |
| 2014 | 0.49x | €1.50 Billion | €3.06 Billion | €1.49 Billion | ▼ -3.7% |
| 2013 | 0.51x | €1.48 Billion | €2.91 Billion | €1.37 Billion | ▲ +9.8% |
| 2012 | 0.46x | €1.25 Billion | €2.69 Billion | €1.25 Billion | ▲ +57.5% |
| 2011 | 0.29x | €856.00 Million | €2.91 Billion | €856.00 Million | ▲ +11.0% |
| 2010 | 0.26x | €704.00 Million | €2.66 Billion | €704.00 Million | ▼ -18.9% |
| 2009 | 0.33x | €777.00 Million | €2.38 Billion | €777.00 Million | ▼ -57.0% |
| 2008 | 0.76x | €1.26 Billion | €1.66 Billion | €1.26 Billion | ▲ +14.7% |
| 2007 | 0.66x | €1.15 Billion | €1.73 Billion | €1.15 Billion | ▲ +39.5% |
| 2006 | 0.47x | €877.00 Million | €1.85 Billion | €877.00 Million | ▲ +1.6% |
| 2005 | 0.47x | €874.00 Million | €1.87 Billion | €874.00 Million | ▼ -9.3% |
| 2004 | 0.51x | €657.00 Million | €1.28 Billion | €657.00 Million | ▲ +32.2% |
| 2003 | 0.39x | €637.00 Million | €1.64 Billion | €637.00 Million | ▼ -37.0% |
| 2002 | 0.62x | €731.00 Million | €1.18 Billion | €731.00 Million | ▲ +20.7% |
| 2001 | 0.51x | €596.00 Million | €1.17 Billion | €596.00 Million | ▲ +26.7% |
| 2000 | 0.40x | €418.00 Million | €1.03 Billion | €418.00 Million | ▼ -14.3% |
| 1999 | 0.47x | €441.00 Million | €936.00 Million | €441.00 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow