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). See how much free cash does Discover Financial Services generate to measure how efficiently the company converts operating cash flow to free cash.
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.
Annual Capital Reinvestment Ratio for Discover Financial Services (2004–2024)
Year-by-year Capital Reinvestment Ratio for Discover Financial Services from 2004 to 2024. For live market cap and broader valuation context, see Discover Financial Services (DFS) total market value.
| 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 | — |