SAP SE (SAPA) — Cash Flow Reinvestment Rate

Latest as of March 2026: 0.34x

SAP SE (SAPA) has a Cash Flow Reinvestment Rate of 0.34x as of March 2026, reinvesting €1.18 Billion (capex €238.00 Million plus investments €940.00 Million) from operating cash flow of €3.51 Billion. Check SAP SE (SAPA) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.34x
(Capex + Investments) / Operating CF

Total Reinvested

€1.18 Billion
Capex + Investments

Operating Cash Flow

€3.51 Billion
EUR

Capital Expenditures

€238.00 Million
EUR

SAP SE Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for SAP SE across 10 annual periods. Explore SAPA long-term investment intensity to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for SAP SE (2016–2025)

Year-by-year capital reinvestment analysis for SAP SE. For live market cap and broader valuation context, see SAP SE (SAPA) total market value.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 0.09x €805.00 Million €9.16 Billion €739.00 Million ▼ -76.3%
2024 0.37x €1.93 Billion €5.21 Billion €797.00 Million ▼ -44.6%
2023 0.67x €4.28 Billion €6.41 Billion €784.00 Million ▲ +37.6%
2022 0.49x €2.74 Billion €5.65 Billion €874.00 Million ▲ +56.0%
2021 0.31x €1.94 Billion €6.22 Billion €800.00 Million ▼ -14.3%
2020 0.36x €2.62 Billion €7.19 Billion €816.00 Million ▲ +35.4%
2019 0.27x €939.00 Million €3.50 Billion €817.00 Million ▼ -40.2%
2018 0.45x €1.93 Billion €4.30 Billion €1.46 Billion ▲ +38.8%
2017 0.32x €1.63 Billion €5.04 Billion €1.27 Billion ▼ -46.5%
2016 0.61x €2.80 Billion €4.63 Billion €1.00 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow