Heineken Holding NV (HEIO) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.25x

Heineken Holding NV (HEIO) has a Cash Flow Reinvestment Rate of 0.25x as of December 2025, reinvesting €839.00 Million (capex €839.00 Million ) from operating cash flow of €3.32 Billion. See how much free cash does Heineken Holding NV generate to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.25x
(Capex + Investments) / Operating CF

Total Reinvested

€839.00 Million
Capex + Investments

Operating Cash Flow

€3.32 Billion
EUR

Capital Expenditures

€839.00 Million
EUR

Heineken Holding NV Cash Flow Reinvestment Rate (2000–2025)

Historical reinvestment intensity for Heineken Holding NV across 26 annual periods. For the full cash flow conversion analysis, see HEIO cash generation efficiency.

Annual Cash Flow Reinvestment Rate for Heineken Holding NV (2000–2025)

Year-by-year capital reinvestment analysis for Heineken Holding NV. See Heineken Holding NV (HEIO) financial flexibility 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 ▼ -46.2%
2024 0.89x €4.90 Billion €5.50 Billion €2.46 Billion ▼ -36.9%
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 ▲ +125.2%
2018 0.50x €2.21 Billion €4.39 Billion €2.06 Billion ▲ +2.5%
2017 0.49x €1.91 Billion €3.88 Billion €1.83 Billion ▼ -52.8%
2016 1.04x €3.87 Billion €3.72 Billion €1.87 Billion ▲ +63.8%
2015 0.64x €2.22 Billion €3.49 Billion €1.73 Billion ▲ +25.2%
2014 0.51x €1.55 Billion €3.06 Billion €1.55 Billion ▼ -5.0%
2013 0.53x €1.56 Billion €2.91 Billion €1.45 Billion ▲ +15.5%
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 ▲ +10.9%
2004 0.42x €678.00 Million €1.61 Billion €678.00 Million ▲ +12.8%
2003 0.37x €611.00 Million €1.64 Billion €611.00 Million ▼ -36.5%
2002 0.59x €696.00 Million €1.18 Billion €696.00 Million ▲ +18.3%
2001 0.50x €579.00 Million €1.17 Billion €579.00 Million ▲ +23.1%
2000 0.40x €418.00 Million €1.03 Billion €418.00 Million —
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow