Warner Bros Discovery Inc (WBD) — Capital Reinvestment Ratio
Warner Bros Discovery Inc (WBD) has a Capital Reinvestment Ratio of 0.33x as of June 2026, meaning it reinvests 0% of its operating cash flow ($848.00 Million) in capital expenditures ($276.00 Million). Check Warner Bros Discovery Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see WBD 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. See Warner Bros Discovery Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |