Warner Bros Discovery Inc (WBD) — Capital Reinvestment Ratio
Warner Bros Discovery Inc (WBD) has a Capital Reinvestment Ratio of 0.23x as of December 2025, meaning it reinvests 0% of its operating cash flow ($1.80 Billion) in capital expenditures ($421.00 Million). See WBD net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Warner Bros Discovery Inc Capital Reinvestment Ratio (2003–2025)
This chart tracks Warner Bros Discovery Inc's Capital Reinvestment Ratio across 23 annual periods. Check how aggressively does Warner Bros Discovery Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Warner Bros Discovery Inc (2003–2025)
Year-by-year Capital Reinvestment Ratio for Warner Bros Discovery Inc from 2003 to 2025. For live market cap and broader valuation context, see WBD company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.29x | $4.32 Billion | $1.23 Billion | ▲ +61.6% |
| 2024 | 0.18x | $5.38 Billion | $948.00 Million | ▲ +0.2% |
| 2023 | 0.18x | $7.48 Billion | $1.32 Billion | ▼ -23.2% |
| 2022 | 0.23x | $4.30 Billion | $987.00 Million | ▲ +72.0% |
| 2021 | 0.13x | $2.80 Billion | $373.00 Million | ▼ -9.2% |
| 2020 | 0.15x | $2.74 Billion | $402.00 Million | ▲ +72.6% |
| 2019 | 0.09x | $3.40 Billion | $289.00 Million | ▲ +49.0% |
| 2018 | 0.06x | $2.58 Billion | $147.00 Million | ▼ -31.1% |
| 2017 | 0.08x | $1.63 Billion | $135.00 Million | ▲ +30.0% |
| 2016 | 0.06x | $1.38 Billion | $88.00 Million | ▼ -19.9% |
| 2015 | 0.08x | $1.29 Billion | $103.00 Million | ▼ -12.6% |
| 2014 | 0.09x | $1.32 Billion | $120.00 Million | ▲ +1.7% |
| 2013 | 0.09x | $1.28 Billion | $115.00 Million | ▲ +27.7% |
| 2012 | 0.07x | $1.10 Billion | $77.00 Million | ▲ +32.9% |
| 2011 | 0.05x | $1.10 Billion | $58.00 Million | ▼ -28.1% |
| 2010 | 0.07x | $668.00 Million | $49.00 Million | ▼ -14.4% |
| 2009 | 0.09x | $642.00 Million | $55.00 Million | ▼ -52.2% |
| 2008 | 0.18x | $569.00 Million | $102.00 Million | ▼ -78.3% |
| 2007 | 0.82x | $57.00 Million | $47.00 Million | ▼ -21.8% |
| 2006 | 1.05x | $74.00 Million | $78.00 Million | ▼ -0.7% |
| 2005 | 1.06x | $85.29 Million | $90.53 Million | ▲ +81.6% |
| 2004 | 0.58x | $84.32 Million | $49.29 Million | ▼ -32.9% |
| 2003 | 0.87x | $29.68 Million | $25.86 Million | — |