Deutsche Lufthansa AG (LHAB) — Cash Flow Reinvestment Rate

Latest as of December 2025: 34.07x

Deutsche Lufthansa AG (LHAB) has a Cash Flow Reinvestment Rate of 34.07x as of December 2025, reinvesting €3.34 Billion (capex €1.99 Billion plus investments €1.35 Billion) from operating cash flow of €98.00 Million. See cash generation quality of Deutsche Lufthansa AG to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

34.07x
(Capex + Investments) / Operating CF

Total Reinvested

€3.34 Billion
Capex + Investments

Operating Cash Flow

€98.00 Million
EUR

Capital Expenditures

€1.99 Billion
EUR

Deutsche Lufthansa AG Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Deutsche Lufthansa AG across 9 annual periods. For the full cash flow conversion analysis, see LHAB operating cash flow.

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

Year-by-year capital reinvestment analysis for Deutsche Lufthansa AG. See financial flexibility index of Deutsche Lufthansa AG 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 1.18x €4.76 Billion €4.04 Billion €4.47 Billion ▲ +17.1%
2024 1.01x €3.92 Billion €3.89 Billion €3.90 Billion ▲ +17.2%
2023 0.86x €4.21 Billion €4.91 Billion €4.01 Billion ▲ +20.0%
2022 0.72x €3.70 Billion €5.17 Billion €2.51 Billion ▼ -90.6%
2021 7.62x €3.04 Billion €399.00 Million €1.32 Billion ▲ +612.1%
2019 1.07x €4.32 Billion €4.03 Billion €3.72 Billion ▼ -15.1%
2018 1.26x €5.18 Billion €4.11 Billion €4.10 Billion ▲ +87.2%
2017 0.67x €3.62 Billion €5.37 Billion €3.55 Billion ▼ -58.7%
2016 1.63x €5.29 Billion €3.25 Billion €2.46 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow