Target Corporation (TGT) — Capital Reinvestment Ratio
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). Check tangible net worth ratio of Target Corporation to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Target Corporation Capital Reinvestment Ratio (1990–2025)
This chart tracks Target Corporation's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see TGT cash flow conversion.
Annual Capital Reinvestment Ratio for Target Corporation (1990–2025)
Year-by-year Capital Reinvestment Ratio for Target Corporation from 1990 to 2025. See TGT free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |