Micron Technology Inc (MU) — Cash Flow Reinvestment Rate
Micron Technology Inc (MU) has a Cash Flow Reinvestment Rate of 0.49x as of February 2026, reinvesting $5.82 Billion (capex $5.39 Billion plus investments $-432.00 Million) from operating cash flow of $11.90 Billion. See free cash flow generation of Micron Technology Inc to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Micron Technology Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Micron Technology Inc across 37 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Micron Technology Inc.
Annual Cash Flow Reinvestment Rate for Micron Technology Inc (1989–2025)
Year-by-year capital reinvestment analysis for Micron Technology Inc. See MU FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.71x | $29.94 Billion | $17.52 Billion | $15.86 Billion | ▼ -12.9% |
| 2024 | 1.96x | $16.70 Billion | $8.51 Billion | $8.39 Billion | ▼ -77.9% |
| 2023 | 8.89x | $13.87 Billion | $1.56 Billion | $7.68 Billion | ▲ +1004.8% |
| 2022 | 0.81x | $12.22 Billion | $15.18 Billion | $12.07 Billion | ▼ -9.5% |
| 2021 | 0.89x | $11.09 Billion | $12.47 Billion | $10.03 Billion | ▼ -53.3% |
| 2020 | 1.90x | $15.81 Billion | $8.31 Billion | $8.22 Billion | ▲ +127.7% |
| 2019 | 0.84x | $11.03 Billion | $13.19 Billion | $9.86 Billion | ▲ +57.3% |
| 2018 | 0.53x | $9.25 Billion | $17.40 Billion | $9.09 Billion | ▼ -21.5% |
| 2017 | 0.68x | $5.52 Billion | $8.15 Billion | $5.25 Billion | ▼ -74.9% |
| 2016 | 2.69x | $8.53 Billion | $3.17 Billion | $5.86 Billion | ▲ +127.6% |
| 2015 | 1.18x | $6.16 Billion | $5.21 Billion | $4.02 Billion | ▲ +120.5% |
| 2014 | 0.54x | $3.06 Billion | $5.70 Billion | $2.66 Billion | ▼ -34.8% |
| 2013 | 0.82x | $1.49 Billion | $1.81 Billion | $1.24 Billion | ▼ -24.3% |
| 2012 | 1.09x | $2.30 Billion | $2.11 Billion | $1.70 Billion | ▲ +4.6% |
| 2011 | 1.04x | $2.58 Billion | $2.48 Billion | $2.55 Billion | ▲ +422.2% |
| 2010 | 0.20x | $616.00 Million | $3.10 Billion | $616.00 Million | ▼ -50.8% |
| 2009 | 0.40x | $488.00 Million | $1.21 Billion | $488.00 Million | ▼ -83.7% |
| 2008 | 2.48x | $2.53 Billion | $1.02 Billion | $2.53 Billion | ▼ -35.4% |
| 2007 | 3.85x | $3.60 Billion | $937.00 Million | $3.60 Billion | ▲ +468.8% |
| 2006 | 0.68x | $1.36 Billion | $2.02 Billion | $1.36 Billion | ▼ -21.4% |
| 2005 | 0.86x | $1.06 Billion | $1.24 Billion | $1.06 Billion | ▼ -7.8% |
| 2004 | 0.93x | $1.08 Billion | $1.16 Billion | $1.08 Billion | ▼ -67.7% |
| 2003 | 2.89x | $821.50 Million | $284.20 Million | $821.50 Million | ▲ +65.1% |
| 2002 | 1.75x | $1.01 Billion | $578.10 Million | $1.01 Billion | ▼ -7.2% |
| 2001 | 1.89x | $1.49 Billion | $789.10 Million | $1.49 Billion | ▲ +228.4% |
| 2000 | 0.57x | $1.19 Billion | $2.07 Billion | $1.19 Billion | ▼ -39.4% |
| 1999 | 0.95x | $803.90 Million | $847.90 Million | $803.90 Million | ▼ -74.6% |
| 1998 | 3.74x | $707.10 Million | $189.20 Million | $707.10 Million | ▲ +336.4% |
| 1997 | 0.86x | $516.90 Million | $603.60 Million | $516.90 Million | ▼ -36.3% |
| 1996 | 1.34x | $1.43 Billion | $1.06 Billion | $1.43 Billion | ▲ +91.3% |
| 1995 | 0.70x | $730.00 Million | $1.04 Billion | $730.00 Million | ▲ +56.1% |
| 1994 | 0.45x | $251.00 Million | $557.50 Million | $251.00 Million | ▲ +38.9% |
| 1993 | 0.32x | $83.40 Million | $257.30 Million | $83.40 Million | ▼ -31.0% |
| 1992 | 0.47x | $50.90 Million | $108.30 Million | $50.90 Million | ▼ -21.9% |
| 1991 | 0.60x | $52.00 Million | $86.40 Million | $52.00 Million | ▼ -31.2% |
| 1990 | 0.88x | $79.80 Million | $91.20 Million | $79.80 Million | ▼ -44.7% |
| 1989 | 1.58x | $199.10 Million | $125.90 Million | $199.10 Million | — |