Santos Ltd (STO) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.83x
Santos Ltd (STO) has a Cash Flow Reinvestment Rate of 0.83x as of December 2025, reinvesting AU$930.22 Million (capex AU$930.22 Million ) from operating cash flow of AU$1.12 Billion. Check STO cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
0.83x
(Capex + Investments) / Operating CF
Total Reinvested
AU$930.22 Million
Capex + Investments
Operating Cash Flow
AU$1.12 Billion
AUD
Capital Expenditures
AU$930.22 Million
AUD
Santos Ltd Cash Flow Reinvestment Rate (1991–2025)
Historical reinvestment intensity for Santos Ltd across 35 annual periods. Explore STO strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Santos Ltd (1991–2025)
Year-by-year capital reinvestment analysis for Santos Ltd. For live market cap and broader valuation context, see Santos Ltd market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (AUD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.76x | AU$2.00 Billion | AU$2.65 Billion | AU$2.00 Billion | ▼ -57.6% |
| 2024 | 1.78x | AU$5.09 Billion | AU$2.85 Billion | AU$2.40 Billion | ▲ +10.4% |
| 2023 | 1.62x | AU$5.26 Billion | AU$3.26 Billion | AU$2.37 Billion | ▲ +84.7% |
| 2022 | 0.87x | AU$3.38 Billion | AU$3.86 Billion | AU$1.71 Billion | ▲ +60.3% |
| 2021 | 0.55x | AU$1.24 Billion | AU$2.27 Billion | AU$1.10 Billion | ▲ +223.5% |
| 2020 | 0.17x | AU$249.00 Million | AU$1.48 Billion | AU$186.00 Million | ▲ +27.4% |
| 2019 | 0.13x | AU$271.00 Million | AU$2.05 Billion | AU$258.00 Million | ▲ +232.7% |
| 2018 | 0.04x | AU$89.00 Million | AU$2.24 Billion | AU$76.00 Million | ▼ -94.1% |
| 2017 | 0.68x | AU$696.00 Million | AU$1.02 Billion | AU$683.00 Million | ▼ -8.5% |
| 2016 | 0.74x | AU$973.80 Million | AU$1.31 Billion | AU$667.00 Million | ▼ -54.3% |
| 2015 | 1.62x | AU$1.46 Billion | AU$899.59 Million | AU$1.46 Billion | ▼ -9.9% |
| 2014 | 1.80x | AU$2.76 Billion | AU$1.53 Billion | AU$2.76 Billion | ▼ -38.6% |
| 2013 | 2.93x | AU$3.78 Billion | AU$1.29 Billion | AU$3.78 Billion | ▲ +61.3% |
| 2012 | 1.82x | AU$3.22 Billion | AU$1.77 Billion | AU$3.22 Billion | ▲ +7.0% |
| 2011 | 1.70x | AU$2.21 Billion | AU$1.30 Billion | AU$2.21 Billion | ▲ +23.6% |
| 2010 | 1.38x | AU$1.73 Billion | AU$1.25 Billion | AU$1.73 Billion | ▼ -1.2% |
| 2009 | 1.39x | AU$1.54 Billion | AU$1.11 Billion | AU$1.54 Billion | ▲ +81.5% |
| 2008 | 0.77x | AU$1.10 Billion | AU$1.44 Billion | AU$1.10 Billion | ▼ -32.4% |
| 2007 | 1.13x | AU$1.21 Billion | AU$1.06 Billion | AU$1.16 Billion | ▲ +32.2% |
| 2006 | 0.86x | AU$1.04 Billion | AU$1.22 Billion | AU$999.21 Million | ▲ +20.8% |
| 2005 | 0.71x | AU$778.79 Million | AU$1.10 Billion | AU$778.79 Million | ▼ -46.7% |
| 2004 | 1.33x | AU$634.66 Million | AU$475.77 Million | AU$634.66 Million | ▲ +59.4% |
| 2003 | 0.84x | AU$570.66 Million | AU$681.77 Million | AU$570.66 Million | ▼ -3.0% |
| 2002 | 0.86x | AU$388.89 Million | AU$450.90 Million | AU$388.89 Million | ▼ -22.9% |
| 2001 | 1.12x | AU$353.54 Million | AU$315.98 Million | AU$353.54 Million | ▲ +75.8% |
| 2000 | 0.64x | AU$386.50 Million | AU$607.29 Million | AU$386.50 Million | ▼ -21.9% |
| 1999 | 0.81x | AU$276.86 Million | AU$339.78 Million | AU$276.86 Million | ▲ +92.3% |
| 1998 | 0.42x | AU$113.85 Million | AU$268.69 Million | AU$113.85 Million | ▼ -5.4% |
| 1997 | 0.45x | AU$127.63 Million | AU$284.94 Million | AU$127.63 Million | ▼ -46.0% |
| 1996 | 0.83x | AU$283.41 Million | AU$341.96 Million | AU$283.41 Million | ▲ +51.5% |
| 1995 | 0.55x | AU$145.90 Million | AU$266.78 Million | AU$145.90 Million | ▼ -22.2% |
| 1994 | 0.70x | AU$200.44 Million | AU$285.00 Million | AU$200.44 Million | ▲ +6.9% |
| 1993 | 0.66x | AU$188.29 Million | AU$286.26 Million | AU$188.29 Million | ▲ +27.6% |
| 1992 | 0.52x | AU$132.96 Million | AU$257.86 Million | AU$132.96 Million | ▼ -19.5% |
| 1991 | 0.64x | AU$155.10 Million | AU$242.28 Million | AU$155.10 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow