Light & Wonder Inc (LNW) — Capital Reinvestment Ratio
Light & Wonder Inc (LNW) has a Capital Reinvestment Ratio of 0.43x as of September 2025, meaning it reinvests 0% of its operating cash flow ($184.00 Million) in capital expenditures ($79.00 Million). Check LNW tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Light & Wonder Inc Capital Reinvestment Ratio (1989–2024)
This chart tracks Light & Wonder Inc's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Light & Wonder Inc.
Annual Capital Reinvestment Ratio for Light & Wonder Inc (1989–2024)
Year-by-year Capital Reinvestment Ratio for Light & Wonder Inc from 1989 to 2024. See Light & Wonder Inc (LNW) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.47x | $632.00 Million | $294.00 Million | ▲ +13.4% |
| 2023 | 0.41x | $590.00 Million | $242.00 Million | ▲ +64.3% |
| 2021 | 0.25x | $685.00 Million | $171.00 Million | ▼ -14.2% |
| 2020 | 0.29x | $471.00 Million | $137.00 Million | ▼ -44.3% |
| 2019 | 0.52x | $546.00 Million | $285.00 Million | ▼ -53.8% |
| 2018 | 1.13x | $346.10 Million | $390.80 Million | ▲ +95.0% |
| 2017 | 0.58x | $507.10 Million | $293.70 Million | ▼ -11.1% |
| 2016 | 0.65x | $419.00 Million | $272.90 Million | ▼ -16.6% |
| 2015 | 0.78x | $414.20 Million | $323.60 Million | ▼ -33.3% |
| 2014 | 1.17x | $203.50 Million | $238.30 Million | ▲ +20.9% |
| 2013 | 0.97x | $171.20 Million | $165.80 Million | ▲ +36.4% |
| 2012 | 0.71x | $156.75 Million | $111.33 Million | ▲ +32.2% |
| 2011 | 0.54x | $171.08 Million | $91.88 Million | ▼ -15.7% |
| 2010 | 0.64x | $170.57 Million | $108.65 Million | ▲ +25.6% |
| 2009 | 0.51x | $220.08 Million | $111.58 Million | ▼ -54.0% |
| 2008 | 1.10x | $208.50 Million | $229.92 Million | ▼ -5.0% |
| 2007 | 1.16x | $186.35 Million | $216.34 Million | ▼ -21.1% |
| 2006 | 1.47x | $128.53 Million | $189.12 Million | ▲ +106.4% |
| 2005 | 0.71x | $200.85 Million | $143.17 Million | ▲ +9.1% |
| 2004 | 0.65x | $123.12 Million | $80.43 Million | ▲ +111.0% |
| 2003 | 0.31x | $115.00 Million | $35.61 Million | ▲ +36.2% |
| 2002 | 0.23x | $69.85 Million | $15.88 Million | ▼ -69.5% |
| 2001 | 0.74x | $62.41 Million | $46.49 Million | ▲ +208.7% |
| 2000 | 0.24x | $25.41 Million | $6.13 Million | ▲ +204.5% |
| 1999 | 0.08x | $26.50 Million | $2.10 Million | ▼ -76.8% |
| 1998 | 0.34x | $8.20 Million | $2.80 Million | ▲ +7.9% |
| 1997 | 0.32x | $23.70 Million | $7.50 Million | ▲ +124.5% |
| 1996 | 0.14x | $14.90 Million | $2.10 Million | ▼ -93.8% |
| 1995 | 2.26x | $8.00 Million | $18.10 Million | ▼ -25.7% |
| 1994 | 3.05x | $6.40 Million | $19.50 Million | ▲ +1786.2% |
| 1993 | 0.16x | $13.00 Million | $2.10 Million | ▼ -83.6% |
| 1992 | 0.98x | $5.70 Million | $5.60 Million | ▲ +109.1% |
| 1991 | 0.47x | $8.30 Million | $3.90 Million | ▼ -46.7% |
| 1990 | 0.88x | $13.60 Million | $12.00 Million | ▼ -0.9% |
| 1989 | 0.89x | $6.40 Million | $5.70 Million | — |