Orange S.A. (ORA) — Cash Flow Reinvestment Rate
Latest as of June 2026:
0.56x
Orange S.A. (ORA) has a Cash Flow Reinvestment Rate of 0.56x as of June 2026, reinvesting €3.53 Billion (capex €3.53 Billion ) from operating cash flow of €6.28 Billion. See Orange S.A. (ORA) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.56x
(Capex + Investments) / Operating CF
Total Reinvested
€3.53 Billion
Capex + Investments
Operating Cash Flow
€6.28 Billion
EUR
Capital Expenditures
€3.53 Billion
EUR
Orange S.A. Cash Flow Reinvestment Rate (1997–2025)
Historical reinvestment intensity for Orange S.A. across 29 annual periods. For the full cash flow conversion analysis, see ORA cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Orange S.A. (1997–2025)
Year-by-year capital reinvestment analysis for Orange S.A.. See how financially flexible is Orange 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 |
|---|---|---|---|---|---|
| 2025 | 0.71x | €7.67 Billion | €10.78 Billion | €7.32 Billion | ▼ -11.2% |
| 2024 | 0.80x | €8.17 Billion | €10.20 Billion | €6.71 Billion | ▼ -34.9% |
| 2023 | 1.23x | €14.84 Billion | €12.05 Billion | €7.83 Billion | ▼ -28.1% |
| 2022 | 1.71x | €19.23 Billion | €11.23 Billion | €8.78 Billion | ▲ +80.2% |
| 2021 | 0.95x | €10.67 Billion | €11.24 Billion | €8.75 Billion | ▼ -14.6% |
| 2020 | 1.11x | €14.11 Billion | €12.70 Billion | €8.55 Billion | ▼ -36.4% |
| 2019 | 1.75x | €17.79 Billion | €10.19 Billion | €8.42 Billion | ▲ +2.5% |
| 2018 | 1.70x | €16.19 Billion | €9.51 Billion | €7.64 Billion | ▲ +12.1% |
| 2017 | 1.52x | €15.47 Billion | €10.17 Billion | €7.53 Billion | ▼ -0.5% |
| 2016 | 1.53x | €13.37 Billion | €8.75 Billion | €8.49 Billion | ▲ +83.0% |
| 2015 | 0.83x | €7.95 Billion | €9.53 Billion | €7.77 Billion | ▲ +66.0% |
| 2014 | 0.50x | €4.43 Billion | €8.80 Billion | €4.21 Billion | ▼ -13.5% |
| 2013 | 0.58x | €4.22 Billion | €7.26 Billion | €4.17 Billion | ▲ +35.7% |
| 2012 | 0.43x | €4.29 Billion | €10.02 Billion | €4.29 Billion | ▼ -17.8% |
| 2011 | 0.52x | €6.71 Billion | €12.88 Billion | €6.71 Billion | ▲ +11.4% |
| 2010 | 0.47x | €5.89 Billion | €12.59 Billion | €5.89 Billion | ▲ +17.0% |
| 2009 | 0.40x | €6.13 Billion | €15.32 Billion | €6.13 Billion | ▼ -16.9% |
| 2008 | 0.48x | €7.23 Billion | €15.03 Billion | €7.23 Billion | ▼ -0.3% |
| 2007 | 0.48x | €7.08 Billion | €14.67 Billion | €7.08 Billion | ▼ -5.0% |
| 2006 | 0.51x | €7.04 Billion | €13.86 Billion | €7.04 Billion | ▲ +10.6% |
| 2005 | 0.46x | €6.14 Billion | €13.36 Billion | €6.14 Billion | ▲ +12.9% |
| 2004 | 0.41x | €5.21 Billion | €12.81 Billion | €5.21 Billion | ▼ -9.7% |
| 2003 | 0.45x | €5.09 Billion | €11.30 Billion | €5.09 Billion | ▼ -32.8% |
| 2002 | 0.67x | €7.94 Billion | €11.83 Billion | €7.94 Billion | ▼ -44.5% |
| 2001 | 1.21x | €8.57 Billion | €7.09 Billion | €8.57 Billion | ▼ -44.2% |
| 2000 | 2.16x | €14.35 Billion | €6.63 Billion | €14.35 Billion | ▲ +251.0% |
| 1999 | 0.62x | €5.00 Billion | €8.11 Billion | €5.00 Billion | ▼ -5.6% |
| 1998 | 0.65x | €4.66 Billion | €7.14 Billion | €4.66 Billion | ▼ -10.5% |
| 1997 | 0.73x | €4.52 Billion | €6.18 Billion | €4.52 Billion | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow