Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Capitol Federal Financial Inc
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures.
Fixed-asset turnover is 5.03x. Compare it with other names in the same basket.
Physical asset ratio
0.9%Physical asset ratio · 2026-09-30(Net PP&E + inventory) / total assetsNet PP&E$88.65MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$9.67BtotalAssetsInventory was not reported and is treated as zero.Result 0.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.03xFixed asset turnover · 2026-09-30Revenue / net PP&ERevenue$445.56MtotalRevenueNet PP&E$88.65MpropertyPlantAndEquipmentNetResult 5.03x
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2026-09-30Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$8.01Tangible book / share · 2026-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.67BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$8.67BtotalLiabTangible book$1.01BShares125,581,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $8.01
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.05xPrice / tangible bookPrice / tangible book per sharePrice$8.43Latest quoteTangible book / share$8.012026-09-30Result 1.05x
Price $8.43.
Fixed-charge coverage
—Fixed-charge coverage · 2026-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$317.69MebitdaCapex—Not reportedInterest$210.03MinterestExpenseShort-term debt—Not reportedResult —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
—Free cash flow yield · 2026-09-30Latest free cash flow / current market capFree cash flow—Not reportedMarket cap$1.04BMarketCapitalizationYield uses the latest annual free cash flow and the current market cap.Result —
Latest free cash flow divided by current market cap ($1.04B).
ROIC
3.3%ROIC · 2026-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$107.66MoperatingIncomeTax expense$21.26MincomeTaxExpensePretax income$107.66MincomeBeforeTaxTax rate19.8%Equity$1.01BtotalStockholderEquityDebt$1.62BshortLongTermDebtTotalCash$18.12McashInvested capital$2.60BResult 3.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.21x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | -1.7%Physical asset ratio · 2019-09-30(Net PP&E + inventory) / total assetsNet PP&E$96.78MpropertyPlantAndEquipmentNetInventory-$255.02MinventoryTotal assets$9.34BtotalAssetsResult -1.7% | 3.61xFixed asset turnover · 2019-09-30Revenue / net PP&ERevenue$349.43MtotalRevenueNet PP&E$96.78MpropertyPlantAndEquipmentNetResult 3.61x | 1.02xCapex / D&A · 2019-09-30Capital expenditures / depreciation and amortizationCapex$11.73McapitalExpendituresD&A$11.46MdepreciationAndAmortizationResult 1.02x | $9.58Tangible book / share · 2019-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.34BtotalAssetsGoodwill$9.32MgoodWillIntangibles$7.50MintangibleAssetsLiabilities$8.00BtotalLiabTangible book$1.32BShares137,735,000commonStockSharesOutstandingResult $9.58 | 0.09xFixed-charge coverage · 2019-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$132.11MebitdaCapex$11.73McapitalExpendituresInterest$123.56MinterestExpenseShort-term debt$1.19BshortTermDebtEBITDA − capex$120.38MPrincipal due is short-term debt.Result 0.09x | $69.22MFree cash flow · 2019-09-30Reported free cash flowOperating cash flow$80.95MtotalCashFromOperatingActivitiesCapex$11.73McapitalExpendituresFree cash flow$69.22MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $69.22M | 4.4%ROIC · 2019-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$120.65MoperatingIncomeTax expense$26.41MincomeTaxExpensePretax income$120.65MincomeBeforeTaxTax rate21.9%Equity$1.34BtotalStockholderEquityDebt$2.24BshortLongTermDebtTotalCash$1.43BcashAndShortTermInvestmentsInvested capital$2.15BResult 4.4% | 1.25xEBIT / PP&E · 2019-09-30Operating income / net PP&EOperating income$120.65MoperatingIncomeNet PP&E$96.78MpropertyPlantAndEquipmentNetResult 1.25x |
| 2020 | -77.4%Physical asset ratio · 2020-09-30(Net PP&E + inventory) / total assetsNet PP&E$101.88MpropertyPlantAndEquipmentNetInventory-$7.44BinventoryTotal assets$9.49BtotalAssetsResult -77.4% | 3.16xFixed asset turnover · 2020-09-30Revenue / net PP&ERevenue$321.69MtotalRevenueNet PP&E$101.88MpropertyPlantAndEquipmentNetResult 3.16x | 1.33xCapex / D&A · 2020-09-30Capital expenditures / depreciation and amortizationCapex$14.74McapitalExpendituresD&A$11.10MdepreciationAndAmortizationResult 1.33x | $9.21Tangible book / share · 2020-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.49BtotalAssetsGoodwill$9.32MgoodWillIntangibles$5.54MintangibleAssetsLiabilities$8.20BtotalLiabTangible book$1.27BShares137,901,000commonStockSharesOutstandingResult $9.21 | 0.08xFixed-charge coverage · 2020-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$91.73MebitdaCapex$14.74McapitalExpendituresInterest$115.64MinterestExpenseShort-term debt$844.19MshortTermDebtEBITDA − capex$76.99MPrincipal due is short-term debt.Result 0.08x | $78.19MFree cash flow · 2020-09-30Reported free cash flowOperating cash flow$92.93MtotalCashFromOperatingActivitiesCapex$14.74McapitalExpendituresFree cash flow$78.19MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $78.19M | 4.9%ROIC · 2020-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$80.63MoperatingIncomeTax expense$16.09MincomeTaxExpensePretax income$80.63MincomeBeforeTaxTax rate20.0%Equity$1.28BtotalStockholderEquityDebt$1.79BshortLongTermDebtTotalCash$1.75BcashAndShortTermInvestmentsInvested capital$1.33BResult 4.9% | 0.79xEBIT / PP&E · 2020-09-30Operating income / net PP&EOperating income$80.63MoperatingIncomeNet PP&E$101.88MpropertyPlantAndEquipmentNetResult 0.79x |
| 2021 | -73.4%Physical asset ratio · 2021-09-30(Net PP&E + inventory) / total assetsNet PP&E$99.13MpropertyPlantAndEquipmentNetInventory-$7.17BinventoryTotal assets$9.63BtotalAssetsResult -73.4% | 2.81xFixed asset turnover · 2021-09-30Revenue / net PP&ERevenue$278.75MtotalRevenueNet PP&E$99.13MpropertyPlantAndEquipmentNetResult 2.81x | 0.86xCapex / D&A · 2021-09-30Capital expenditures / depreciation and amortizationCapex$9.41McapitalExpendituresD&A$10.95MdepreciationAndAmortizationResult 0.86x | $9.07Tangible book / share · 2021-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.63BtotalAssetsGoodwill$9.32MgoodWillIntangibles$3.96MintangibleAssetsLiabilities$8.39BtotalLiabTangible book$1.23BShares135,496,000commonStockSharesOutstandingResult $9.07 | 0.38xFixed-charge coverage · 2021-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$106.98MebitdaCapex$9.41McapitalExpendituresInterest$83.18MinterestExpenseShort-term debt$176.21MshortTermDebtEBITDA − capex$97.57MPrincipal due is short-term debt.Result 0.38x | $65.06MFree cash flow · 2021-09-30Reported free cash flowOperating cash flow$74.47MtotalCashFromOperatingActivitiesCapex$9.41McapitalExpendituresFree cash flow$65.06MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $65.06M | 9.9%ROIC · 2021-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$96.03MoperatingIncomeTax expense$19.95MincomeTaxExpensePretax income$96.03MincomeBeforeTaxTax rate20.8%Equity$1.24BtotalStockholderEquityDebt$1.58BshortLongTermDebtTotalCash$2.06BcashAndShortTermInvestmentsInvested capital$768.25MResult 9.9% | 0.97xEBIT / PP&E · 2021-09-30Operating income / net PP&EOperating income$96.03MoperatingIncomeNet PP&E$99.13MpropertyPlantAndEquipmentNetResult 0.97x |
| 2022 | 0.5%Physical asset ratio · 2022-09-30(Net PP&E + inventory) / total assetsNet PP&E$94.82MpropertyPlantAndEquipmentNetInventory-$47.86MinventoryTotal assets$9.62BtotalAssetsResult 0.5% | 3.16xFixed asset turnover · 2022-09-30Revenue / net PP&ERevenue$299.57MtotalRevenueNet PP&E$94.82MpropertyPlantAndEquipmentNetResult 3.16x | 0.52xCapex / D&A · 2022-09-30Capital expenditures / depreciation and amortizationCapex$5.56McapitalExpendituresD&A$10.74MdepreciationAndAmortizationResult 0.52x | $7.99Tangible book / share · 2022-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.62BtotalAssetsGoodwill$9.32MgoodWillIntangibles$2.59MintangibleAssetsLiabilities$8.53BtotalLiabTangible book$1.08BShares135,700,000commonStockSharesOutstandingResult $7.99 | 0.27xFixed-charge coverage · 2022-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$117.94MebitdaCapex$5.56McapitalExpendituresInterest$86.95MinterestExpenseShort-term debt$330.79MshortTermDebtEBITDA − capex$112.38MPrincipal due is short-term debt.Result 0.27x | $91.74MFree cash flow · 2022-09-30Reported free cash flowOperating cash flow$97.30MtotalCashFromOperatingActivitiesCapex$5.56McapitalExpendituresFree cash flow$91.74MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $91.74M | 5.2%ROIC · 2022-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$107.20MoperatingIncomeTax expense$22.75MincomeTaxExpensePretax income$107.20MincomeBeforeTaxTax rate21.2%Equity$1.10BtotalStockholderEquityDebt$2.13BshortLongTermDebtTotalCash$1.61BcashAndShortTermInvestmentsInvested capital$1.62BResult 5.2% | 1.13xEBIT / PP&E · 2022-09-30Operating income / net PP&EOperating income$107.20MoperatingIncomeNet PP&E$94.82MpropertyPlantAndEquipmentNetResult 1.13x |
| 2023 | -2.0%Physical asset ratio · 2023-09-30(Net PP&E + inventory) / total assetsNet PP&E$91.53MpropertyPlantAndEquipmentNetInventory-$290.99MinventoryTotal assets$10.18BtotalAssetsResult -2.0% | 2.03xFixed asset turnover · 2023-09-30Revenue / net PP&ERevenue$185.64MtotalRevenueNet PP&E$91.53MpropertyPlantAndEquipmentNetResult 2.03x | 0.54xCapex / D&A · 2023-09-30Capital expenditures / depreciation and amortizationCapex$5.46McapitalExpendituresD&A$10.11MdepreciationAndAmortizationResult 0.54x | $7.74Tangible book / share · 2023-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$10.18BtotalAssetsGoodwill$9.32MgoodWillIntangibles$1.52MintangibleAssetsLiabilities$9.13BtotalLiabTangible book$1.03BShares133,557,000commonStockSharesOutstandingResult $7.74 | -0.11xFixed-charge coverage · 2023-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$128.85MebitdaCapex$5.46McapitalExpendituresInterest$206.52MinterestExpenseShort-term debt$1.02BshortTermDebtEBITDA − capex-$134.31MPrincipal due is short-term debt.Result -0.11x | -$4.49MFree cash flow · 2023-09-30Operating cash flow − capexOperating cash flow$972.00KtotalCashFromOperatingActivitiesCapex$5.46McapitalExpendituresFree cash flow-$4.49MNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result -$4.49M | —ROIC · 2023-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$138.96MoperatingIncomeTax expense-$37.30MincomeTaxExpensePretax income-$138.96MincomeBeforeTaxTax rate—Equity$1.04BtotalStockholderEquityDebt$2.38BshortLongTermDebtTotalCash$1.63BcashAndShortTermInvestmentsInvested capital$1.79BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.52xEBIT / PP&E · 2023-09-30Operating income / net PP&EOperating income-$138.96MoperatingIncomeNet PP&E$91.53MpropertyPlantAndEquipmentNetResult -1.52x |
| 2024 | 1.0%Physical asset ratio · 2024-09-30(Net PP&E + inventory) / total assetsNet PP&E$91.46MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$9.53BtotalAssetsInventory was not reported and is treated as zero.Result 1.0% | 4.15xFixed asset turnover · 2024-09-30Revenue / net PP&ERevenue$379.37MtotalRevenueNet PP&E$91.46MpropertyPlantAndEquipmentNetResult 4.15x | 0.83xCapex / D&A · 2024-09-30Capital expenditures / depreciation and amortizationCapex$7.18McapitalExpendituresD&A$8.70MdepreciationAndAmortizationResult 0.83x | $7.82Tangible book / share · 2024-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.53BtotalAssetsGoodwill$9.32MgoodWillIntangibles$746.00KintangibleAssetsLiabilities$8.50BtotalLiabTangible book$1.02BShares130,671,000commonStockSharesOutstandingResult $7.82 | 0.06xFixed-charge coverage · 2024-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$62.81MebitdaCapex$7.18McapitalExpendituresInterest$214.78MinterestExpenseShort-term debt$650.72MshortTermDebtEBITDA − capex$55.62MPrincipal due is short-term debt.Result 0.06x | $24.00MFree cash flow · 2024-09-30Reported free cash flowOperating cash flow$31.18MtotalCashFromOperatingActivitiesCapex$7.18McapitalExpendituresFree cash flow$24.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $24.00M | 1.8%ROIC · 2024-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$54.10MoperatingIncomeTax expense$16.09MincomeTaxExpensePretax income$54.10MincomeBeforeTaxTax rate29.7%Equity$1.03BtotalStockholderEquityDebt$2.18BshortLongTermDebtTotalCash$1.07BcashAndShortTermInvestmentsInvested capital$2.14BResult 1.8% | 0.59xEBIT / PP&E · 2024-09-30Operating income / net PP&EOperating income$54.10MoperatingIncomeNet PP&E$91.46MpropertyPlantAndEquipmentNetResult 0.59x |
| 2025 | 0.9%Physical asset ratio · 2025-09-30(Net PP&E + inventory) / total assetsNet PP&E$89.31MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$9.78BtotalAssetsInventory was not reported and is treated as zero.Result 0.9% | 4.67xFixed asset turnover · 2025-09-30Revenue / net PP&ERevenue$417.40MtotalRevenueNet PP&E$89.31MpropertyPlantAndEquipmentNetResult 4.67x | 0.67xCapex / D&A · 2025-09-30Capital expenditures / depreciation and amortizationCapex$5.20McapitalExpendituresD&A$7.72MdepreciationAndAmortizationResult 0.67x | $7.98Tangible book / share · 2025-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.78BtotalAssetsGoodwill$9.32MgoodWillIntangibles$223.00KintangibleAssetsLiabilities$8.73BtotalLiabTangible book$1.04BShares130,026,000commonStockSharesOutstandingResult $7.98 | 0.13xFixed-charge coverage · 2025-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$90.74MebitdaCapex$5.20McapitalExpendituresInterest$219.21MinterestExpenseShort-term debt$425.00MshortTermDebtEBITDA − capex$85.54MPrincipal due is short-term debt.Result 0.13x | $49.84MFree cash flow · 2025-09-30Reported free cash flowOperating cash flow$55.04MtotalCashFromOperatingActivitiesCapex$5.20McapitalExpendituresFree cash flow$49.84MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $49.84M | 3.6%ROIC · 2025-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$83.02MoperatingIncomeTax expense$15.00MincomeTaxExpensePretax income$83.02MincomeBeforeTaxTax rate18.1%Equity$1.05BtotalStockholderEquityDebt$1.95BshortLongTermDebtTotalCash$1.12BcashAndShortTermInvestmentsInvested capital$1.88BResult 3.6% | 0.93xEBIT / PP&E · 2025-09-30Operating income / net PP&EOperating income$83.02MoperatingIncomeNet PP&E$89.31MpropertyPlantAndEquipmentNetResult 0.93x |
| 2026 | 0.9%Physical asset ratio · 2026-09-30(Net PP&E + inventory) / total assetsNet PP&E$88.65MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$9.67BtotalAssetsInventory was not reported and is treated as zero.Result 0.9% | 5.03xFixed asset turnover · 2026-09-30Revenue / net PP&ERevenue$445.56MtotalRevenueNet PP&E$88.65MpropertyPlantAndEquipmentNetResult 5.03x | —Capex / D&A · 2026-09-30Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | $8.01Tangible book / share · 2026-09-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.67BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$8.67BtotalLiabTangible book$1.01BShares125,581,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $8.01 | —Fixed-charge coverage · 2026-09-30(EBITDA − capex) / (interest + short-term debt)EBITDA$317.69MebitdaCapex—Not reportedInterest$210.03MinterestExpenseShort-term debt—Not reportedResult — | —Free cash flow · 2026-09-30Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | 3.3%ROIC · 2026-09-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$107.66MoperatingIncomeTax expense$21.26MincomeTaxExpensePretax income$107.66MincomeBeforeTaxTax rate19.8%Equity$1.01BtotalStockholderEquityDebt$1.62BshortLongTermDebtTotalCash$18.12McashInvested capital$2.60BResult 3.3% | 1.21xEBIT / PP&E · 2026-09-30Operating income / net PP&EOperating income$107.66MoperatingIncomeNet PP&E$88.65MpropertyPlantAndEquipmentNetResult 1.21x |
- Inventory was missing and treated as zero in the physical asset ratio.
Latest year inputs (2026)
Net PP&E: $88.65M
Inventory: $0.00
Total assets: $9.67B
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $8.67B
Tangible book: $1.01B
Shares: 125,581,000
Revenue: $445.56M
Capex: —
D&A: —
EBITDA: $317.69M
Interest: $210.03M
Short-term debt: —
Free cash flow: —
Operating income: $107.66M
Invested capital: $2.60B
Tax rate: 19.8%