Vestas Wind Systems A/S (VWS) — Cash Flow Reinvestment Rate
Vestas Wind Systems A/S (VWS) has a Cash Flow Reinvestment Rate of 0.41x as of December 2025, reinvesting Dkr538.00 Million (capex Dkr409.00 Million plus investments Dkr129.00 Million) from operating cash flow of Dkr1.30 Billion. See free cash flow generation of Vestas Wind Systems A/S to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Vestas Wind Systems A/S Cash Flow Reinvestment Rate (2000–2025)
Historical reinvestment intensity for Vestas Wind Systems A/S across 20 annual periods. For the full cash flow conversion analysis, see VWS cash flow metrics.
Annual Cash Flow Reinvestment Rate for Vestas Wind Systems A/S (2000–2025)
Year-by-year capital reinvestment analysis for Vestas Wind Systems A/S. See Vestas Wind Systems A/S 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 (DKK) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.40x | Dkr910.72 Million | Dkr2.29 Billion | Dkr819.72 Million | ▼ -32.0% |
| 2024 | 0.59x | Dkr1.37 Billion | Dkr2.33 Billion | Dkr1.16 Billion | ▼ -63.1% |
| 2023 | 1.59x | Dkr1.63 Billion | Dkr1.03 Billion | Dkr892.00 Million | ▲ +44.1% |
| 2021 | 1.10x | Dkr1.10 Billion | Dkr996.00 Million | Dkr876.00 Million | ▼ -8.1% |
| 2020 | 1.20x | Dkr890.00 Million | Dkr743.00 Million | Dkr688.00 Million | ▼ -7.0% |
| 2019 | 1.29x | Dkr1.06 Billion | Dkr823.00 Million | Dkr776.00 Million | ▲ +27.3% |
| 2018 | 1.01x | Dkr1.03 Billion | Dkr1.02 Billion | Dkr607.00 Million | ▲ +219.9% |
| 2017 | 0.32x | Dkr514.00 Million | Dkr1.62 Billion | Dkr491.00 Million | ▼ -47.2% |
| 2016 | 0.60x | Dkr1.31 Billion | Dkr2.18 Billion | Dkr489.00 Million | ▲ +39.0% |
| 2015 | 0.43x | Dkr634.00 Million | Dkr1.47 Billion | Dkr368.00 Million | ▼ -10.9% |
| 2014 | 0.48x | Dkr544.00 Million | Dkr1.13 Billion | Dkr278.00 Million | ▲ +14.2% |
| 2013 | 0.42x | Dkr528.00 Million | Dkr1.25 Billion | Dkr262.00 Million | ▼ -51.5% |
| 2011 | 0.87x | Dkr733.00 Million | Dkr840.00 Million | Dkr733.00 Million | ▼ -93.8% |
| 2010 | 14.04x | Dkr786.00 Million | Dkr56.00 Million | Dkr786.00 Million | ▲ +473.4% |
| 2008 | 2.45x | Dkr678.00 Million | Dkr277.00 Million | Dkr678.00 Million | ▲ +394.5% |
| 2007 | 0.50x | Dkr347.00 Million | Dkr701.00 Million | Dkr347.00 Million | ▲ +57.2% |
| 2006 | 0.31x | Dkr188.20 Million | Dkr597.50 Million | Dkr188.20 Million | ▼ -67.8% |
| 2005 | 0.98x | Dkr144.80 Million | Dkr147.90 Million | Dkr144.80 Million | ▲ +32.9% |
| 2003 | 0.74x | Dkr112.80 Million | Dkr153.10 Million | Dkr112.80 Million | ▼ -98.0% |
| 2000 | 36.58x | Dkr441.92 Million | Dkr12.08 Million | Dkr441.92 Million | — |