adidas AG (ADS1) — Cash Flow Reinvestment Rate

Latest as of June 2026: 0.15x

adidas AG (ADS1) has a Cash Flow Reinvestment Rate of 0.15x as of June 2026, reinvesting €153.00 Million (capex €99.00 Million plus investments €54.00 Million) from operating cash flow of €994.00 Million. See free cash flow generation of adidas AG to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.15x
(Capex + Investments) / Operating CF

Total Reinvested

€153.00 Million
Capex + Investments

Operating Cash Flow

€994.00 Million
EUR

Capital Expenditures

€99.00 Million
EUR

adidas AG Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for adidas AG across 9 annual periods. For the full cash flow conversion analysis, see ADS1 cash flow metrics.

Annual Cash Flow Reinvestment Rate for adidas AG (2016–2025)

Year-by-year capital reinvestment analysis for adidas AG. See adidas AG (ADS1) flexibility index 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
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow