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. Check DFS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
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. Explore DFS strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Discover Financial Services (2004–2024)
Year-by-year capital reinvestment analysis for Discover Financial Services. For live market cap and broader valuation context, see Discover Financial Services market cap and net worth.
| 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 | — |