Walt Disney Company (DIS) — Capital Reinvestment Ratio
Walt Disney Company (DIS) has a Capital Reinvestment Ratio of 0.29x as of March 2026, meaning it reinvests 0% of its operating cash flow ($6.91 Billion) in capital expenditures ($1.97 Billion). Check DIS intangible-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
Walt Disney Company Capital Reinvestment Ratio (1989–2025)
This chart tracks Walt Disney Company's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Walt Disney Company cash conversion from operations.
Annual Capital Reinvestment Ratio for Walt Disney Company (1989–2025)
Year-by-year Capital Reinvestment Ratio for Walt Disney Company from 1989 to 2025. See DIS cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.44x | $18.10 Billion | $8.02 Billion | ▲ +14.4% |
| 2024 | 0.39x | $13.97 Billion | $5.41 Billion | ▼ -23.1% |
| 2023 | 0.50x | $9.87 Billion | $4.97 Billion | ▼ -38.8% |
| 2022 | 0.82x | $6.01 Billion | $4.94 Billion | ▲ +28.0% |
| 2021 | 0.64x | $5.57 Billion | $3.58 Billion | ▲ +21.7% |
| 2020 | 0.53x | $7.62 Billion | $4.02 Billion | ▼ -28.5% |
| 2019 | 0.74x | $6.61 Billion | $4.88 Billion | ▲ +136.3% |
| 2018 | 0.31x | $14.29 Billion | $4.46 Billion | ▲ +6.4% |
| 2017 | 0.29x | $12.34 Billion | $3.62 Billion | ▼ -18.7% |
| 2016 | 0.36x | $13.21 Billion | $4.77 Billion | ▼ -7.6% |
| 2015 | 0.39x | $10.91 Billion | $4.26 Billion | ▲ +15.5% |
| 2014 | 0.34x | $9.78 Billion | $3.31 Billion | ▲ +14.4% |
| 2013 | 0.30x | $9.45 Billion | $2.80 Billion | ▼ -37.7% |
| 2012 | 0.48x | $7.97 Billion | $3.78 Billion | ▼ -6.7% |
| 2011 | 0.51x | $6.99 Billion | $3.56 Billion | ▲ +58.6% |
| 2010 | 0.32x | $6.58 Billion | $2.11 Billion | ▼ -2.7% |
| 2009 | 0.33x | $5.32 Billion | $1.75 Billion | ▲ +13.2% |
| 2008 | 0.29x | $5.45 Billion | $1.59 Billion | ▲ +0.8% |
| 2007 | 0.29x | $5.42 Billion | $1.57 Billion | ▲ +34.7% |
| 2006 | 0.21x | $6.06 Billion | $1.30 Billion | ▼ -49.8% |
| 2005 | 0.43x | $4.27 Billion | $1.82 Billion | ▲ +39.0% |
| 2004 | 0.31x | $4.64 Billion | $1.43 Billion | ▼ -15.0% |
| 2003 | 0.36x | $2.90 Billion | $1.05 Billion | ▼ -23.9% |
| 2002 | 0.48x | $2.29 Billion | $1.09 Billion | ▼ -19.3% |
| 2001 | 0.59x | $3.05 Billion | $1.79 Billion | ▲ +80.1% |
| 2000 | 0.33x | $6.43 Billion | $2.10 Billion | ▼ -25.5% |
| 1999 | 0.44x | $5.59 Billion | $2.45 Billion | ▼ -11.1% |
| 1998 | 0.49x | $5.12 Billion | $2.53 Billion | ▲ +81.6% |
| 1997 | 0.27x | $7.06 Billion | $1.92 Billion | ▼ -27.9% |
| 1996 | 0.38x | $4.62 Billion | $1.75 Billion | ▲ +47.7% |
| 1995 | 0.26x | $3.51 Billion | $896.50 Million | ▼ -30.1% |
| 1994 | 0.37x | $2.81 Billion | $1.03 Billion | ▼ -1.2% |
| 1993 | 0.37x | $2.15 Billion | $793.70 Million | ▲ +24.9% |
| 1992 | 0.30x | $1.84 Billion | $544.40 Million | ▼ -57.1% |
| 1991 | 0.69x | $1.50 Billion | $1.04 Billion | ▲ +31.0% |
| 1990 | 0.53x | $1.36 Billion | $716.30 Million | ▼ -48.6% |
| 1989 | 1.03x | $1.28 Billion | $1.31 Billion | — |