Discover Financial Services (DFS) — Cash Flow Reinvestment Rate
Discover Financial Services (DFS) has a Cash Flow Reinvestment Rate of 1.44x as of March 2025, reinvesting $3.07 Billion (capex $64.00 Million plus investments $3.01 Billion) from operating cash flow of $2.13 Billion. See Discover Financial Services (DFS) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Discover Financial Services Cash Flow Reinvestment Rate (2004–2024)
Historical reinvestment intensity for Discover Financial Services across 21 annual periods. For the full cash flow conversion analysis, see how efficiently does Discover Financial Services generate cash.
Annual Cash Flow Reinvestment Rate for Discover Financial Services (2004–2024)
Year-by-year capital reinvestment analysis for Discover Financial Services. See DFS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.48x | $4.02 Billion | $8.43 Billion | $268.00 Million | ▼ -85.4% |
| 2023 | 3.27x | $27.99 Billion | $8.56 Billion | $303.00 Million | ▼ -9.0% |
| 2022 | 3.59x | $25.65 Billion | $7.14 Billion | $236.00 Million | ▲ +4951.3% |
| 2021 | 0.07x | $428.00 Million | $6.02 Billion | $194.00 Million | ▼ -78.4% |
| 2020 | 0.33x | $2.04 Billion | $6.20 Billion | $261.00 Million | ▼ -86.7% |
| 2019 | 2.47x | $15.27 Billion | $6.20 Billion | $284.00 Million | ▲ +21.0% |
| 2018 | 2.04x | $10.58 Billion | $5.19 Billion | $254.00 Million | ▲ +18.0% |
| 2017 | 1.73x | $8.99 Billion | $5.21 Billion | $218.00 Million | ▲ +50.7% |
| 2016 | 1.15x | $5.07 Billion | $4.42 Billion | $179.00 Million | ▲ +53.6% |
| 2015 | 0.75x | $2.88 Billion | $3.85 Billion | $168.00 Million | ▼ -33.2% |
| 2014 | 1.12x | $4.27 Billion | $3.83 Billion | $145.00 Million | ▲ +20.1% |
| 2013 | 0.93x | $3.27 Billion | $3.52 Billion | $231.00 Million | ▼ -38.4% |
| 2012 | 1.51x | $4.59 Billion | $3.04 Billion | $144.00 Million | ▲ +4781.6% |
| 2011 | 0.03x | $111.56 Million | $3.61 Billion | $111.56 Million | ▼ -97.7% |
| 2010 | 1.35x | $5.24 Billion | $3.87 Billion | $54.68 Million | ▲ +8952.7% |
| 2009 | 0.01x | $53.79 Million | $3.60 Billion | $53.79 Million | ▼ -28.0% |
| 2008 | 0.02x | $93.53 Million | $4.50 Billion | $93.53 Million | ▼ -64.2% |
| 2007 | 0.06x | $118.27 Million | $2.04 Billion | $118.27 Million | ▼ -30.7% |
| 2006 | 0.08x | $144.15 Million | $1.72 Billion | $144.15 Million | ▲ +39.9% |
| 2005 | 0.06x | $97.96 Million | $1.64 Billion | $97.96 Million | ▼ -3.7% |
| 2004 | 0.06x | $98.71 Million | $1.59 Billion | $98.71 Million | — |