Discover Financial Services (DFS) — Capital Reinvestment Ratio
Discover Financial Services (DFS) has a Capital Reinvestment Ratio of 0.03x as of March 2025, meaning it reinvests 0% of its operating cash flow ($2.13 Billion) in capital expenditures ($64.00 Million). Check Discover Financial Services tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Discover Financial Services Capital Reinvestment Ratio (2004–2024)
This chart tracks Discover Financial Services's Capital Reinvestment Ratio across 21 annual periods. For the full cash flow conversion analysis, see Discover Financial Services cash conversion from operations.
Annual Capital Reinvestment Ratio for Discover Financial Services (2004–2024)
Year-by-year Capital Reinvestment Ratio for Discover Financial Services from 2004 to 2024. See DFS free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.03x | $8.43 Billion | $268.00 Million | ▼ -10.1% |
| 2023 | 0.04x | $8.56 Billion | $303.00 Million | ▲ +7.1% |
| 2022 | 0.03x | $7.14 Billion | $236.00 Million | ▲ +2.6% |
| 2021 | 0.03x | $6.02 Billion | $194.00 Million | ▼ -23.5% |
| 2020 | 0.04x | $6.20 Billion | $261.00 Million | ▼ -8.1% |
| 2019 | 0.05x | $6.20 Billion | $284.00 Million | ▼ -6.3% |
| 2018 | 0.05x | $5.19 Billion | $254.00 Million | ▲ +16.9% |
| 2017 | 0.04x | $5.21 Billion | $218.00 Million | ▲ +3.5% |
| 2016 | 0.04x | $4.42 Billion | $179.00 Million | ▼ -7.2% |
| 2015 | 0.04x | $3.85 Billion | $168.00 Million | ▲ +15.0% |
| 2014 | 0.04x | $3.83 Billion | $145.00 Million | ▼ -42.3% |
| 2013 | 0.07x | $3.52 Billion | $231.00 Million | ▲ +38.7% |
| 2012 | 0.05x | $3.04 Billion | $144.00 Million | ▲ +53.2% |
| 2011 | 0.03x | $3.61 Billion | $111.56 Million | ▲ +118.9% |
| 2010 | 0.01x | $3.87 Billion | $54.68 Million | ▼ -5.6% |
| 2009 | 0.01x | $3.60 Billion | $53.79 Million | ▼ -28.0% |
| 2008 | 0.02x | $4.50 Billion | $93.53 Million | ▼ -64.2% |
| 2007 | 0.06x | $2.04 Billion | $118.27 Million | ▼ -30.7% |
| 2006 | 0.08x | $1.72 Billion | $144.15 Million | ▲ +39.9% |
| 2005 | 0.06x | $1.64 Billion | $97.96 Million | ▼ -3.7% |
| 2004 | 0.06x | $1.59 Billion | $98.71 Million | — |