Orange S.A. (ORA) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.62x
Orange S.A. (ORA) has a Cash Flow Reinvestment Rate of 0.62x as of December 2025, reinvesting €3.78 Billion (capex €3.78 Billion ) from operating cash flow of €6.07 Billion. Explore ORA capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
0.62x
(Capex + Investments) / Operating CF
Total Reinvested
€3.78 Billion
Capex + Investments
Operating Cash Flow
€6.07 Billion
EUR
Capital Expenditures
€3.78 Billion
EUR
Orange S.A. Cash Flow Reinvestment Rate (1997–2025)
Historical reinvestment intensity for Orange S.A. across 29 annual periods. Also explore ORA current and non-current assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Orange S.A. (1997–2025)
Year-by-year capital reinvestment analysis for Orange S.A.. For live market cap and broader valuation context, see ORA stock market capitalisation.
| 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