Target Corporation (TGT) — Capital Reinvestment Ratio
Latest as of October 2025:
0.87x
Target Corporation (TGT) has a Capital Reinvestment Ratio of 0.87x as of October 2025, meaning it reinvests 1% of its operating cash flow ($1.13 Billion) in capital expenditures ($978.00 Million). See Target Corporation free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.87x
Capex / Operating Cash Flow
Operating Cash Flow
$1.13 Billion
USD
Capital Expenditures
$978.00 Million
USD
Data as of
Oct 2025
Most recent filing
Target Corporation Capital Reinvestment Ratio (1990–2025)
This chart tracks Target Corporation's Capital Reinvestment Ratio across 36 annual periods.
Annual Capital Reinvestment Ratio for Target Corporation (1990–2025)
Year-by-year Capital Reinvestment Ratio for Target Corporation from 1990 to 2025. For live market cap and broader valuation context, see TGT market cap overview.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.39x | $7.37 Billion | $2.89 Billion | ▼ -29.6% |
| 2024 | 0.56x | $8.62 Billion | $4.81 Billion | ▼ -59.5% |
| 2023 | 1.38x | $4.02 Billion | $5.53 Billion | ▲ +234.8% |
| 2022 | 0.41x | $8.62 Billion | $3.54 Billion | ▲ +63.3% |
| 2021 | 0.25x | $10.53 Billion | $2.65 Billion | ▼ -40.8% |
| 2020 | 0.43x | $7.12 Billion | $3.03 Billion | ▼ -27.7% |
| 2019 | 0.59x | $5.97 Billion | $3.52 Billion | ▲ +60.9% |
| 2018 | 0.37x | $6.92 Billion | $2.53 Billion | ▲ +28.6% |
| 2017 | 0.28x | $5.44 Billion | $1.55 Billion | ▲ +15.7% |
| 2016 | 0.25x | $5.84 Billion | $1.44 Billion | ▼ -38.8% |
| 2015 | 0.40x | $4.44 Billion | $1.79 Billion | ▼ -24.0% |
| 2014 | 0.53x | $6.52 Billion | $3.45 Billion | ▼ -13.9% |
| 2013 | 0.62x | $5.33 Billion | $3.28 Billion | ▼ -23.4% |
| 2012 | 0.80x | $5.43 Billion | $4.37 Billion | ▲ +99.0% |
| 2011 | 0.40x | $5.27 Billion | $2.13 Billion | ▲ +37.4% |
| 2010 | 0.29x | $5.88 Billion | $1.73 Billion | ▼ -63.3% |
| 2009 | 0.80x | $4.43 Billion | $3.55 Billion | ▼ -24.4% |
| 2008 | 1.06x | $4.12 Billion | $4.37 Billion | ▲ +31.1% |
| 2007 | 0.81x | $4.86 Billion | $3.93 Billion | ▲ +6.1% |
| 2006 | 0.76x | $4.45 Billion | $3.39 Billion | ▼ -20.7% |
| 2005 | 0.96x | $3.19 Billion | $3.07 Billion | ▲ +1.0% |
| 2004 | 0.95x | $3.16 Billion | $3.00 Billion | ▼ -53.1% |
| 2003 | 2.03x | $1.59 Billion | $3.22 Billion | ▲ +27.6% |
| 2002 | 1.59x | $1.99 Billion | $3.16 Billion | ▲ +19.7% |
| 2001 | 1.33x | $1.91 Billion | $2.53 Billion | ▲ +55.8% |
| 2000 | 0.85x | $2.25 Billion | $1.92 Billion | ▼ -9.7% |
| 1999 | 0.94x | $1.86 Billion | $1.76 Billion | ▲ +25.1% |
| 1998 | 0.75x | $1.79 Billion | $1.35 Billion | ▼ -15.5% |
| 1997 | 0.89x | $1.46 Billion | $1.30 Billion | ▼ -31.9% |
| 1996 | 1.31x | $1.16 Billion | $1.52 Billion | ▲ +6.8% |
| 1995 | 1.23x | $892.00 Million | $1.09 Billion | ▲ +54.4% |
| 1994 | 0.79x | $1.22 Billion | $969.00 Million | ▼ -14.8% |
| 1993 | 0.93x | $984.00 Million | $918.00 Million | ▼ -59.6% |
| 1992 | 2.31x | $437.00 Million | $1.01 Billion | ▲ +112.8% |
| 1991 | 1.08x | $625.00 Million | $678.00 Million | ▲ +29.5% |
| 1990 | 0.84x | $739.00 Million | $619.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow