adidas AG (ADS) — Cash Flow Reinvestment Rate
adidas AG (ADS) has a Cash Flow Reinvestment Rate of 0.25x as of December 2025, reinvesting €253.00 Million (capex €187.00 Million plus investments €-66.00 Million) from operating cash flow of €1.03 Billion. See cash generation quality of adidas AG to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
adidas AG Cash Flow Reinvestment Rate (2013–2025)
Historical reinvestment intensity for adidas AG across 12 annual periods. For the full cash flow conversion analysis, see ADS cash generation efficiency.
Annual Cash Flow Reinvestment Rate for adidas AG (2013–2025)
Year-by-year capital reinvestment analysis for adidas AG. See ADS free cash flow debt coverage 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 | 0.75x | €565.00 Million | €751.00 Million | €477.00 Million | ▲ +289.6% |
| 2024 | 0.19x | €562.00 Million | €2.91 Billion | €540.00 Million | ▼ -6.6% |
| 2023 | 0.21x | €527.00 Million | €2.55 Billion | €504.00 Million | ▲ +21.5% |
| 2021 | 0.17x | €543.00 Million | €3.19 Billion | €494.00 Million | ▼ -58.4% |
| 2020 | 0.41x | €608.00 Million | €1.49 Billion | €368.00 Million | ▲ +19.9% |
| 2019 | 0.34x | €962.00 Million | €2.82 Billion | €598.00 Million | ▲ +37.4% |
| 2018 | 0.25x | €667.00 Million | €2.69 Billion | €611.00 Million | ▼ -49.5% |
| 2017 | 0.49x | €810.00 Million | €1.65 Billion | €678.00 Million | ▼ -47.6% |
| 2016 | 0.94x | €1.26 Billion | €1.35 Billion | €651.00 Million | ▲ +99.8% |
| 2015 | 0.47x | €512.00 Million | €1.09 Billion | €464.00 Million | ▼ -34.1% |
| 2014 | 0.71x | €500.00 Million | €701.00 Million | €499.00 Million | ▼ -28.0% |
| 2013 | 0.99x | €628.00 Million | €634.00 Million | €422.00 Million | — |