Warner Music Group (WMG) — Capital Reinvestment Ratio
Warner Music Group (WMG) has a Capital Reinvestment Ratio of 0.20x as of June 2026, meaning it reinvests 0% of its operating cash flow ($142.00 Million) in capital expenditures ($28.00 Million). Check WMG tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Warner Music Group Capital Reinvestment Ratio (2003–2025)
This chart tracks Warner Music Group's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see WMG operating cash flow.
Annual Capital Reinvestment Ratio for Warner Music Group (2003–2025)
Year-by-year Capital Reinvestment Ratio for Warner Music Group from 2003 to 2025. See Warner Music Group 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 | 0.21x | $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 | — |