Boyd Gaming Corporation (BYD) — Capital Reinvestment Ratio
Boyd Gaming Corporation (BYD) has a Capital Reinvestment Ratio of 1.16x as of March 2026, meaning it reinvests 1% of its operating cash flow ($134.34 Million) in capital expenditures ($155.18 Million). Check BYD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Boyd Gaming Corporation Capital Reinvestment Ratio (1993–2025)
This chart tracks Boyd Gaming Corporation's Capital Reinvestment Ratio across 33 annual periods. For the full cash flow conversion analysis, see Boyd Gaming Corporation (BYD) cash flow conversion.
Annual Capital Reinvestment Ratio for Boyd Gaming Corporation (1993–2025)
Year-by-year Capital Reinvestment Ratio for Boyd Gaming Corporation from 1993 to 2025. See Boyd Gaming Corporation (BYD) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.60x | $976.68 Million | $588.22 Million | ▲ +44.0% |
| 2024 | 0.42x | $957.08 Million | $400.40 Million | ▲ +2.3% |
| 2023 | 0.41x | $914.52 Million | $373.95 Million | ▲ +48.3% |
| 2022 | 0.28x | $976.11 Million | $269.15 Million | ▲ +39.7% |
| 2021 | 0.20x | $1.01 Billion | $199.45 Million | ▼ -67.4% |
| 2020 | 0.61x | $289.03 Million | $175.03 Million | ▲ +60.1% |
| 2019 | 0.38x | $548.99 Million | $207.64 Million | ▲ +1.7% |
| 2018 | 0.37x | $434.53 Million | $161.54 Million | ▼ -17.6% |
| 2017 | 0.45x | $422.04 Million | $190.46 Million | ▼ -22.6% |
| 2016 | 0.58x | $275.08 Million | $160.36 Million | ▲ +51.0% |
| 2015 | 0.39x | $339.85 Million | $131.17 Million | ▼ -16.6% |
| 2014 | 0.46x | $322.86 Million | $149.37 Million | ▼ -12.0% |
| 2013 | 0.53x | $274.89 Million | $144.52 Million | ▼ -40.6% |
| 2012 | 0.88x | $142.44 Million | $125.97 Million | ▲ +157.0% |
| 2011 | 0.34x | $253.51 Million | $87.22 Million | ▲ +12.1% |
| 2010 | 0.31x | $285.07 Million | $87.48 Million | ▼ -53.1% |
| 2009 | 0.65x | $241.03 Million | $157.56 Million | ▼ -78.4% |
| 2008 | 3.03x | $220.48 Million | $667.40 Million | ▲ +189.2% |
| 2007 | 1.05x | $283.68 Million | $296.89 Million | ▲ +0.6% |
| 2006 | 1.04x | $419.51 Million | $436.46 Million | ▼ -29.4% |
| 2005 | 1.47x | $419.91 Million | $618.44 Million | ▲ +47.7% |
| 2004 | 1.00x | $269.59 Million | $268.85 Million | ▲ +111.2% |
| 2003 | 0.47x | $172.69 Million | $81.54 Million | ▲ +1021.7% |
| 2002 | 0.04x | $178.17 Million | $7.50 Million | ▼ -92.7% |
| 2001 | 0.58x | $158.06 Million | $91.06 Million | ▼ -12.2% |
| 2000 | 0.66x | $213.13 Million | $139.84 Million | ▼ -60.4% |
| 1999 | 1.66x | $157.70 Million | $261.20 Million | ▲ +196.4% |
| 1998 | 0.56x | $121.70 Million | $68.00 Million | ▼ -54.0% |
| 1997 | 1.21x | $82.00 Million | $99.60 Million | ▲ +17.2% |
| 1996 | 1.04x | $103.90 Million | $107.70 Million | ▼ -52.5% |
| 1995 | 2.18x | $83.10 Million | $181.20 Million | ▼ -46.2% |
| 1994 | 4.06x | $75.80 Million | $307.50 Million | ▲ +0.0% |
| 1993 | 4.06x | $75.80 Million | $307.50 Million | — |