Warner Music Group (WMG) — Capital Reinvestment Ratio
Latest as of March 2026:
0.20x
Warner Music Group (WMG) has a Capital Reinvestment Ratio of 0.20x as of March 2026, meaning it reinvests 0% of its operating cash flow ($134.00 Million) in capital expenditures ($27.00 Million). See WMG free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.20x
Capex / Operating Cash Flow
Operating Cash Flow
$134.00 Million
USD
Capital Expenditures
$27.00 Million
USD
Data as of
Mar 2026
Most recent filing
Warner Music Group Capital Reinvestment Ratio (2003–2025)
This chart tracks Warner Music Group's Capital Reinvestment Ratio across 22 annual periods.
Annual Capital Reinvestment Ratio for Warner Music Group (2003–2025)
Year-by-year Capital Reinvestment Ratio for Warner Music Group from 2003 to 2025. For live market cap and broader valuation context, see how much is Warner Music Group worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.21x | $678.00 Million | $139.00 Million | ▲ +33.3% |
| 2024 | 0.15x | $754.00 Million | $116.00 Million | ▼ -56.1% |
| 2023 | 0.35x | $687.00 Million | $241.00 Million | ▼ -20.2% |
| 2022 | 0.44x | $742.00 Million | $326.00 Million | ▼ -51.2% |
| 2021 | 0.90x | $638.00 Million | $574.00 Million | ▲ +233.2% |
| 2020 | 0.27x | $463.00 Million | $125.00 Million | ▼ -25.5% |
| 2019 | 0.36x | $400.00 Million | $145.00 Million | ▲ +75.1% |
| 2018 | 0.21x | $425.00 Million | $88.00 Million | ▲ +84.6% |
| 2017 | 0.11x | $535.00 Million | $60.00 Million | ▼ -42.8% |
| 2016 | 0.20x | $342.00 Million | $67.00 Million | ▼ -44.9% |
| 2015 | 0.36x | $222.00 Million | $79.00 Million | ▼ -54.6% |
| 2014 | 0.78x | $130.00 Million | $102.00 Million | ▲ +75.7% |
| 2013 | 0.45x | $159.00 Million | $71.00 Million | ▲ +45.8% |
| 2012 | 0.31x | $209.00 Million | $64.00 Million | ▼ -47.2% |
| 2010 | 0.58x | $150.00 Million | $87.00 Million | ▲ +261.7% |
| 2009 | 0.16x | $237.00 Million | $38.00 Million | ▼ -14.5% |
| 2008 | 0.19x | $304.00 Million | $57.00 Million | ▲ +95.3% |
| 2007 | 0.10x | $302.00 Million | $29.00 Million | ▼ -1.7% |
| 2006 | 0.10x | $307.00 Million | $30.00 Million | ▼ -33.2% |
| 2005 | 0.15x | $205.00 Million | $30.00 Million | ▼ -16.1% |
| 2004 | 0.17x | $86.00 Million | $15.00 Million | ▼ -4.9% |
| 2003 | 0.18x | $278.00 Million | $51.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow