Smith & Nephew PLC (SN) — Cash Flow Reinvestment Rate
Smith & Nephew PLC (SN) has a Cash Flow Reinvestment Rate of 0.42x as of June 2026, reinvesting GBX188.44 Million (capex GBX188.44 Million ) from operating cash flow of GBX446.31 Million. See SN free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Smith & Nephew PLC Cash Flow Reinvestment Rate (1991–2025)
Historical reinvestment intensity for Smith & Nephew PLC across 34 annual periods. For the full cash flow conversion analysis, see Smith & Nephew PLC (SN) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for Smith & Nephew PLC (1991–2025)
Year-by-year capital reinvestment analysis for Smith & Nephew PLC. See SN free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.34x | GBX444.08 Million | GBX1.31 Billion | GBX442.08 Million | ▼ -64.8% |
| 2024 | 0.96x | GBX950.00 Million | GBX987.00 Million | GBX381.00 Million | ▼ -33.1% |
| 2023 | 1.44x | GBX875.00 Million | GBX608.00 Million | GBX427.00 Million | ▼ -18.9% |
| 2022 | 1.77x | GBX830.00 Million | GBX468.00 Million | GBX358.00 Million | ▲ +279.4% |
| 2021 | 0.47x | GBX410.00 Million | GBX877.00 Million | GBX408.00 Million | ▼ -2.9% |
| 2020 | 0.48x | GBX450.00 Million | GBX935.00 Million | GBX443.00 Million | ▲ +29.5% |
| 2019 | 0.37x | GBX434.00 Million | GBX1.17 Billion | GBX408.00 Million | ▼ -0.9% |
| 2018 | 0.37x | GBX349.00 Million | GBX931.00 Million | GBX347.00 Million | ▲ +6.4% |
| 2017 | 0.35x | GBX384.00 Million | GBX1.09 Billion | GBX376.00 Million | ▼ -61.4% |
| 2016 | 0.91x | GBX775.00 Million | GBX849.00 Million | GBX392.00 Million | ▲ +144.2% |
| 2015 | 0.37x | GBX385.00 Million | GBX1.03 Billion | GBX358.00 Million | ▼ -33.0% |
| 2014 | 0.56x | GBX381.00 Million | GBX683.00 Million | GBX375.00 Million | ▲ +39.4% |
| 2013 | 0.40x | GBX347.00 Million | GBX867.00 Million | GBX340.00 Million | ▲ +36.2% |
| 2012 | 0.29x | GBX265.00 Million | GBX902.00 Million | GBX265.00 Million | ▼ -22.9% |
| 2011 | 0.38x | GBX321.00 Million | GBX842.00 Million | GBX321.00 Million | ▲ +4.0% |
| 2010 | 0.37x | GBX315.00 Million | GBX859.00 Million | GBX315.00 Million | ▼ -17.1% |
| 2009 | 0.44x | GBX318.00 Million | GBX719.00 Million | GBX318.00 Million | ▼ -13.4% |
| 2008 | 0.51x | GBX289.00 Million | GBX566.00 Million | GBX289.00 Million | ▲ +11.6% |
| 2007 | 0.46x | GBX194.00 Million | GBX424.00 Million | GBX194.00 Million | ▼ -27.5% |
| 2006 | 0.63x | GBX222.00 Million | GBX352.00 Million | GBX222.00 Million | ▼ -18.0% |
| 2005 | 0.77x | GBX200.00 Million | GBX260.00 Million | GBX200.00 Million | ▲ +42.9% |
| 2004 | 0.54x | GBX195.55 Million | GBX363.28 Million | GBX195.55 Million | ▲ +14.3% |
| 2003 | 0.47x | GBX130.36 Million | GBX276.79 Million | GBX130.36 Million | ▼ -16.7% |
| 2002 | 0.57x | GBX137.30 Million | GBX242.85 Million | GBX137.30 Million | ▼ -24.9% |
| 2001 | 0.75x | GBX108.78 Million | GBX144.46 Million | GBX108.78 Million | ▼ -20.2% |
| 1999 | 0.94x | GBX108.55 Million | GBX115.02 Million | GBX108.55 Million | ▼ -3.9% |
| 1998 | 0.98x | GBX115.03 Million | GBX117.19 Million | GBX115.03 Million | ▼ -6.6% |
| 1997 | 1.05x | GBX119.35 Million | GBX113.57 Million | GBX119.35 Million | ▲ +20.0% |
| 1996 | 0.88x | GBX124.50 Million | GBX142.14 Million | GBX124.50 Million | ▼ -41.3% |
| 1995 | 1.49x | GBX108.16 Million | GBX72.47 Million | GBX108.16 Million | ▲ +75.2% |
| 1994 | 0.85x | GBX99.75 Million | GBX117.10 Million | GBX99.75 Million | ▼ -62.2% |
| 1993 | 2.26x | GBX97.78 Million | GBX43.34 Million | GBX97.78 Million | ▲ +146.7% |
| 1992 | 0.91x | GBX69.62 Million | GBX76.14 Million | GBX69.62 Million | ▲ +17.7% |
| 1991 | 0.78x | GBX82.71 Million | GBX106.47 Million | GBX82.71 Million | — |