Penn National Gaming Inc (PENN) — Capital Reinvestment Ratio
Penn National Gaming Inc (PENN) has a Capital Reinvestment Ratio of 1.78x as of December 2025, meaning it reinvests 2% of its operating cash flow ($107.20 Million) in capital expenditures ($190.40 Million). See PENN equity to assets ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Penn National Gaming Inc Capital Reinvestment Ratio (1993–2025)
This chart tracks Penn National Gaming Inc's Capital Reinvestment Ratio across 33 annual periods. Check total reinvestment intensity of Penn National Gaming Inc to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Penn National Gaming Inc (1993–2025)
Year-by-year Capital Reinvestment Ratio for Penn National Gaming Inc from 1993 to 2025. For live market cap and broader valuation context, see market value of Penn National Gaming Inc.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.27x | $508.20 Million | $647.70 Million | ▼ -5.1% |
| 2024 | 1.34x | $359.30 Million | $482.70 Million | ▲ +60.4% |
| 2023 | 0.84x | $455.90 Million | $381.90 Million | ▲ +170.1% |
| 2022 | 0.31x | $878.20 Million | $272.40 Million | ▲ +3.6% |
| 2021 | 0.30x | $896.10 Million | $268.30 Million | ▼ -28.5% |
| 2020 | 0.42x | $338.80 Million | $141.80 Million | ▲ +45.6% |
| 2019 | 0.29x | $703.90 Million | $202.30 Million | ▼ -41.8% |
| 2018 | 0.49x | $352.79 Million | $174.16 Million | ▲ +124.9% |
| 2017 | 0.22x | $459.08 Million | $100.76 Million | ▼ -11.4% |
| 2016 | 0.25x | $404.82 Million | $100.31 Million | ▼ -60.4% |
| 2015 | 0.63x | $398.98 Million | $249.84 Million | ▼ -39.6% |
| 2014 | 1.04x | $220.00 Million | $228.15 Million | ▲ +128.7% |
| 2013 | 0.45x | $440.80 Million | $199.91 Million | ▼ -51.4% |
| 2012 | 0.93x | $507.19 Million | $472.99 Million | ▲ +80.5% |
| 2011 | 0.52x | $567.37 Million | $293.08 Million | ▼ -29.8% |
| 2010 | 0.74x | $493.18 Million | $362.95 Million | ▼ -14.0% |
| 2009 | 0.86x | $338.25 Million | $289.55 Million | ▲ +4.4% |
| 2008 | 0.82x | $420.46 Million | $344.89 Million | ▼ -2.1% |
| 2007 | 0.84x | $431.22 Million | $361.15 Million | ▼ -42.3% |
| 2006 | 1.45x | $281.81 Million | $408.88 Million | ▲ +80.2% |
| 2005 | 0.81x | $150.47 Million | $121.14 Million | ▲ +128.2% |
| 2004 | 0.35x | $195.45 Million | $68.96 Million | ▼ -4.9% |
| 2003 | 0.37x | $154.94 Million | $57.48 Million | ▼ -57.9% |
| 2002 | 0.88x | $100.85 Million | $88.90 Million | ▲ +82.3% |
| 2001 | 0.48x | $85.83 Million | $41.51 Million | ▼ -25.5% |
| 2000 | 0.65x | $42.06 Million | $27.30 Million | ▲ +10.6% |
| 1999 | 0.59x | $22.50 Million | $13.20 Million | ▼ -68.7% |
| 1998 | 1.87x | $11.90 Million | $22.30 Million | ▼ -57.7% |
| 1997 | 4.43x | $10.70 Million | $47.40 Million | ▼ -35.6% |
| 1996 | 6.87x | $7.90 Million | $54.30 Million | ▲ +913.8% |
| 1995 | 0.68x | $5.90 Million | $4.00 Million | ▼ -4.1% |
| 1994 | 0.71x | $4.10 Million | $2.90 Million | ▲ +359.8% |
| 1993 | 0.15x | $2.60 Million | $400.00K | — |