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 net asset quality index of Discover Financial Services to measure how much of total assets are equity-financed.
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. Check DFS cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 market capitalisation.
| 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 | — |