Bristol-Myers Squibb Company (BMY) — Cash Flow Reinvestment Rate
Bristol-Myers Squibb Company (BMY) has a Cash Flow Reinvestment Rate of 0.34x as of March 2026, reinvesting $378.00 Million (capex $347.00 Million plus investments $-31.00 Million) from operating cash flow of $1.10 Billion. Check BMY cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Bristol-Myers Squibb Company Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Bristol-Myers Squibb Company across 37 annual periods. Explore BMY long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Bristol-Myers Squibb Company (1989–2025)
Year-by-year capital reinvestment analysis for Bristol-Myers Squibb Company. For live market cap and broader valuation context, see Bristol-Myers Squibb Company market cap and net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.10x | $1.36 Billion | $14.16 Billion | $1.31 Billion | ▼ -93.5% |
| 2024 | 1.49x | $22.60 Billion | $15.19 Billion | $1.25 Billion | ▲ +1299.9% |
| 2023 | 0.11x | $1.47 Billion | $13.86 Billion | $1.21 Billion | ▼ -66.6% |
| 2022 | 0.32x | $4.16 Billion | $13.07 Billion | $1.12 Billion | ▲ +127.0% |
| 2021 | 0.14x | $2.27 Billion | $16.21 Billion | $973.00 Million | ▼ -31.2% |
| 2020 | 0.20x | $2.86 Billion | $14.05 Billion | $753.00 Million | ▲ +66.2% |
| 2019 | 0.12x | $988.00 Million | $8.07 Billion | $836.00 Million | ▼ -15.6% |
| 2018 | 0.15x | $1.02 Billion | $7.07 Billion | $951.00 Million | ▼ -62.3% |
| 2017 | 0.38x | $2.03 Billion | $5.28 Billion | $1.05 Billion | ▼ -59.9% |
| 2016 | 0.96x | $2.94 Billion | $3.06 Billion | $1.22 Billion | ▲ +72.8% |
| 2015 | 0.56x | $1.17 Billion | $2.10 Billion | $820.00 Million | ▼ -18.7% |
| 2014 | 0.68x | $2.15 Billion | $3.15 Billion | $526.00 Million | ▲ +316.7% |
| 2013 | 0.16x | $581.00 Million | $3.54 Billion | $537.00 Million | ▼ -37.9% |
| 2012 | 0.26x | $1.83 Billion | $6.94 Billion | $548.00 Million | ▲ +4.1% |
| 2011 | 0.25x | $1.23 Billion | $4.84 Billion | $367.00 Million | ▼ -62.7% |
| 2010 | 0.68x | $3.05 Billion | $4.49 Billion | $424.00 Million | ▲ +28.8% |
| 2009 | 0.53x | $2.14 Billion | $4.07 Billion | $730.00 Million | ▲ +107.8% |
| 2008 | 0.25x | $941.00 Million | $3.71 Billion | $941.00 Million | ▼ -5.1% |
| 2007 | 0.27x | $843.00 Million | $3.15 Billion | $843.00 Million | ▼ -29.8% |
| 2006 | 0.38x | $793.00 Million | $2.08 Billion | $793.00 Million | ▼ -9.0% |
| 2005 | 0.42x | $768.00 Million | $1.84 Billion | $768.00 Million | ▲ +64.2% |
| 2004 | 0.25x | $809.00 Million | $3.18 Billion | $809.00 Million | ▼ -9.6% |
| 2003 | 0.28x | $990.00 Million | $3.51 Billion | $990.00 Million | ▼ -77.5% |
| 2002 | 1.25x | $1.18 Billion | $945.00 Million | $1.18 Billion | ▲ +560.5% |
| 2001 | 0.19x | $1.02 Billion | $5.40 Billion | $1.02 Billion | ▲ +49.6% |
| 2000 | 0.13x | $589.00 Million | $4.65 Billion | $589.00 Million | ▼ -24.6% |
| 1999 | 0.17x | $709.00 Million | $4.22 Billion | $709.00 Million | ▼ -19.4% |
| 1998 | 0.21x | $788.00 Million | $3.78 Billion | $788.00 Million | ▼ -32.7% |
| 1997 | 0.31x | $767.00 Million | $2.48 Billion | $767.00 Million | ▲ +36.1% |
| 1996 | 0.23x | $601.00 Million | $2.64 Billion | $601.00 Million | ▲ +10.9% |
| 1995 | 0.21x | $513.00 Million | $2.50 Billion | $513.00 Million | ▼ -17.6% |
| 1994 | 0.25x | $573.00 Million | $2.30 Billion | $573.00 Million | ▲ +12.7% |
| 1993 | 0.22x | $570.00 Million | $2.58 Billion | $570.00 Million | ▼ -30.8% |
| 1992 | 0.32x | $647.00 Million | $2.03 Billion | $647.00 Million | ▼ -6.8% |
| 1991 | 0.34x | $628.00 Million | $1.83 Billion | $628.00 Million | ▲ +16.9% |
| 1990 | 0.29x | $513.00 Million | $1.75 Billion | $513.00 Million | ▼ -37.2% |
| 1989 | 0.47x | $555.00 Million | $1.19 Billion | $555.00 Million | — |