Target Corporation Capital Reinvestment Ratio
Target Corporation 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). See how much free cash does Target Corporation 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
Capital Reinvestment Ratio of Target Corporation (1990–2025)
Capital reinvestment ratio of Target Corporation from 1990 to 2025. This chart tracks Target Corporation's Capital Reinvestment Ratio across 36 annual periods. See financial flexibility index of Target Corporation to measure the company's free cash flow as a share of total liabilities.
Target Corporation Capital Reinvestment Ratio by Year (1990–2025)
Target Corporation capital reinvestment ratio by year from 1990 to 2025. For the full cash flow conversion analysis, see Target Corporation cash flow conversion.
| 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 | — |