The Coca-Cola Company (KO) — Cash Flow Reinvestment Rate

Latest as of March 2026: 1.14x

The Coca-Cola Company (KO) has a Cash Flow Reinvestment Rate of 1.14x as of March 2026, reinvesting $2.31 Billion (capex $266.00 Million plus investments $2.04 Billion) from operating cash flow of $2.02 Billion. Explore capital reinvestment ratio of The Coca-Cola Company to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

1.14x
(Capex + Investments) / Operating CF

Total Reinvested

$2.31 Billion
Capex + Investments

Operating Cash Flow

$2.02 Billion
USD

Capital Expenditures

$266.00 Million
USD

The Coca-Cola Company Cash Flow Reinvestment Rate (1989–2025)

Historical reinvestment intensity for The Coca-Cola Company across 37 annual periods. Also explore The Coca-Cola Company assets under control for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for The Coca-Cola Company (1989–2025)

Year-by-year capital reinvestment analysis for The Coca-Cola Company. For live market cap and broader valuation context, see KO market cap.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.49x $3.61 Billion $7.41 Billion $2.11 Billion ▼ -27.8%
2024 0.67x $4.59 Billion $6.80 Billion $2.06 Billion ▲ +174.5%
2023 0.25x $2.85 Billion $11.60 Billion $1.85 Billion ▲ +20.4%
2022 0.20x $2.25 Billion $11.02 Billion $1.48 Billion ▲ +7.5%
2021 0.19x $2.40 Billion $12.62 Billion $1.37 Billion ▲ +30.7%
2020 0.15x $1.43 Billion $9.84 Billion $1.18 Billion ▼ -64.8%
2019 0.41x $4.32 Billion $10.47 Billion $2.05 Billion ▼ -64.0%
2018 1.15x $8.74 Billion $7.63 Billion $1.55 Billion ▲ +256.4%
2017 0.32x $2.28 Billion $7.11 Billion $1.68 Billion ▼ -16.5%
2016 0.39x $3.39 Billion $8.80 Billion $2.26 Billion ▼ -5.8%
2015 0.41x $4.30 Billion $10.53 Billion $2.55 Billion ▼ -39.9%
2014 0.68x $7.22 Billion $10.62 Billion $2.41 Billion ▲ +57.9%
2013 0.43x $4.54 Billion $10.54 Billion $2.55 Billion ▼ -43.0%
2012 0.76x $8.05 Billion $10.64 Billion $2.78 Billion ▲ +93.2%
2011 0.39x $3.71 Billion $9.47 Billion $2.92 Billion ▲ +58.9%
2010 0.25x $2.35 Billion $9.53 Billion $2.21 Billion ▼ -51.4%
2009 0.51x $4.14 Billion $8.19 Billion $1.99 Billion ▲ +94.8%
2008 0.26x $1.97 Billion $7.57 Billion $1.97 Billion ▲ +12.8%
2007 0.23x $1.65 Billion $7.15 Billion $1.65 Billion ▼ -2.4%
2006 0.24x $1.41 Billion $5.96 Billion $1.41 Billion ▲ +68.8%
2005 0.14x $899.00 Million $6.42 Billion $899.00 Million ▲ +10.6%
2004 0.13x $755.00 Million $5.97 Billion $755.00 Million ▼ -15.0%
2003 0.15x $812.00 Million $5.46 Billion $812.00 Million ▼ -17.1%
2002 0.18x $851.00 Million $4.74 Billion $851.00 Million ▼ -4.1%
2001 0.19x $769.00 Million $4.11 Billion $769.00 Million ▼ -8.5%
2000 0.20x $733.00 Million $3.58 Billion $733.00 Million ▼ -25.7%
1999 0.28x $1.07 Billion $3.88 Billion $1.07 Billion ▲ +9.5%
1998 0.25x $863.00 Million $3.43 Billion $863.00 Million ▼ -7.2%
1997 0.27x $1.09 Billion $4.03 Billion $1.09 Billion ▼ -5.2%
1996 0.29x $990.00 Million $3.46 Billion $990.00 Million ▼ -5.0%
1995 0.30x $937.00 Million $3.12 Billion $937.00 Million ▲ +9.0%
1994 0.28x $878.00 Million $3.18 Billion $878.00 Million ▼ -13.5%
1993 0.32x $800.00 Million $2.51 Billion $800.00 Million ▼ -34.3%
1992 0.49x $1.08 Billion $2.23 Billion $1.08 Billion ▲ +27.8%
1991 0.38x $791.70 Million $2.08 Billion $791.70 Million ▼ -17.8%
1990 0.46x $593.00 Million $1.28 Billion $593.00 Million ▲ +13.3%
1989 0.41x $462.50 Million $1.13 Billion $462.50 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow