Warner Bros Discovery Inc (WBD) — Capital Reinvestment Ratio
Latest as of December 2025:
0.23x
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 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.23x
Capex / Operating Cash Flow
Operating Cash Flow
$1.80 Billion
USD
Capital Expenditures
$421.00 Million
USD
Data as of
Dec 2025
Most recent filing
Warner Bros Discovery Inc Capital Reinvestment Ratio (2003–2025)
This chart tracks Warner Bros Discovery Inc's Capital Reinvestment Ratio across 23 annual periods.
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 Warner Bros Discovery Inc market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow