Thales S.A. (HO) — Cash Flow Reinvestment Rate

Latest as of June 2025: 0.39x

Thales S.A. (HO) has a Cash Flow Reinvestment Rate of 0.39x as of June 2025, reinvesting €311.30 Million (capex €311.30 Million ) from operating cash flow of €808.00 Million. See Thales S.A. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.39x
(Capex + Investments) / Operating CF

Total Reinvested

€311.30 Million
Capex + Investments

Operating Cash Flow

€808.00 Million
EUR

Capital Expenditures

€311.30 Million
EUR

Thales S.A. Cash Flow Reinvestment Rate (2001–2024)

Historical reinvestment intensity for Thales S.A. across 24 annual periods. For the full cash flow conversion analysis, see Thales S.A. cash conversion from operations.

Annual Cash Flow Reinvestment Rate for Thales S.A. (2001–2024)

Year-by-year capital reinvestment analysis for Thales S.A.. See financial agility of Thales S.A. to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2024 0.26x €685.90 Million €2.64 Billion €623.10 Million ▼ -91.3%
2023 2.99x €4.77 Billion €1.60 Billion €625.60 Million ▲ +460.4%
2022 0.53x €1.63 Billion €3.06 Billion €502.73 Million ▲ +207.2%
2021 0.17x €470.00 Million €2.71 Billion €450.80 Million ▼ -44.3%
2020 0.31x €419.60 Million €1.35 Billion €395.40 Million ▼ -89.2%
2019 2.89x €5.12 Billion €1.77 Billion €503.30 Million ▲ +402.9%
2018 0.57x €719.75 Million €1.25 Billion €370.95 Million ▲ +12.0%
2017 0.51x €1.06 Billion €2.06 Billion €447.51 Million ▼ -43.5%
2016 0.91x €1.28 Billion €1.41 Billion €451.11 Million ▲ +179.4%
2015 0.33x €518.33 Million €1.59 Billion €438.23 Million ▼ -44.3%
2014 0.58x €618.26 Million €1.06 Billion €486.96 Million ▲ +17.6%
2013 0.50x €526.80 Million €1.06 Billion €452.80 Million ▲ +35.0%
2012 0.37x €494.30 Million €1.34 Billion €494.30 Million ▼ -19.7%
2011 0.46x €264.10 Million €577.20 Million €264.10 Million ▼ -24.1%
2010 0.60x €315.20 Million €522.80 Million €315.20 Million ▲ +6933.9%
2009 0.01x €9.90 Million €1.16 Billion €9.90 Million
2008 0.00x €0.00 €820.80 Million €0.00
2007 0.00x €0.00 €984.90 Million €0.00 ▼ -100.0%
2006 0.55x €412.10 Million €753.60 Million €412.10 Million ▼ -14.7%
2005 0.64x €390.80 Million €609.60 Million €390.80 Million ▼ -26.0%
2004 0.87x €310.60 Million €358.60 Million €310.60 Million ▲ +46.9%
2003 0.59x €375.50 Million €636.80 Million €375.50 Million ▼ -56.8%
2002 1.37x €417.60 Million €305.80 Million €417.60 Million ▲ +70.1%
2001 0.80x €535.60 Million €667.00 Million €535.60 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow