Warner Bros Discovery Inc Capital Reinvestment Ratio
Warner Bros Discovery Inc 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). See how much free cash does Warner Bros Discovery Inc generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Warner Bros Discovery Inc (2003–2025)
Capital reinvestment ratio of Warner Bros Discovery Inc from 2003 to 2025. This chart tracks Warner Bros Discovery Inc's Capital Reinvestment Ratio across 23 annual periods. See Warner Bros Discovery Inc (WBD) flexibility index to measure the company's free cash flow as a share of total liabilities.
Warner Bros Discovery Inc Capital Reinvestment Ratio by Year (2003–2025)
Warner Bros Discovery Inc capital reinvestment ratio by year from 2003 to 2025. For the full cash flow conversion analysis, see WBD cash generation efficiency.
| 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 | — |