Moderna Inc (MRNA) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.05x

Moderna Inc (MRNA) has a Cash Flow Reinvestment Rate of 0.05x as of December 2025, reinvesting $48.00 Million (capex $39.00 Million plus investments $-9.00 Million) from operating cash flow of $951.00 Million. Check MRNA cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.05x
(Capex + Investments) / Operating CF

Total Reinvested

$48.00 Million
Capex + Investments

Operating Cash Flow

$951.00 Million
USD

Capital Expenditures

$39.00 Million
USD

Moderna Inc Cash Flow Reinvestment Rate (2016–2022)

Historical reinvestment intensity for Moderna Inc across 4 annual periods. Explore Moderna Inc (MRNA) investment intensity to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Moderna Inc (2016–2022)

Year-by-year capital reinvestment analysis for Moderna Inc. For live market cap and broader valuation context, see MRNA market cap.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2022 1.12x $5.58 Billion $4.98 Billion $400.00 Million ▲ +78.9%
2021 0.63x $8.52 Billion $13.62 Billion $284.00 Million ▼ -24.1%
2020 0.82x $1.67 Billion $2.03 Billion $67.45 Million ▼ -91.9%
2016 10.22x $681.75 Million $66.73 Million $33.14 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow