Penn National Gaming Inc (PENN) — Capital Reinvestment Ratio
Penn National Gaming Inc (PENN) has a Capital Reinvestment Ratio of 0.40x as of June 2026, meaning it reinvests 0% of its operating cash flow ($240.70 Million) in capital expenditures ($97.40 Million). Check tangible net worth ratio of Penn National Gaming Inc to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see PENN 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. See PENN 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 |
|---|---|---|---|---|
| 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 | — |