Target Corporation (TGT) — Cash Flow Reinvestment Rate
Target Corporation (TGT) has a Cash Flow Reinvestment Rate of 1.70x as of October 2025, reinvesting $1.92 Billion (capex $978.00 Million plus investments $-937.00 Million) from operating cash flow of $1.13 Billion. See Target Corporation free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Target Corporation Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for Target Corporation across 36 annual periods. For the full cash flow conversion analysis, see Target Corporation cash flow conversion.
Annual Cash Flow Reinvestment Rate for Target Corporation (1990–2025)
Year-by-year capital reinvestment analysis for Target Corporation. See TGT free cash flow debt coverage 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 |
|---|---|---|---|---|---|
| 2025 | 0.78x | $5.75 Billion | $7.37 Billion | $2.89 Billion | ▼ -29.6% |
| 2024 | 1.11x | $9.57 Billion | $8.62 Billion | $4.81 Billion | ▼ -59.6% |
| 2023 | 2.75x | $11.03 Billion | $4.02 Billion | $5.53 Billion | ▲ +566.9% |
| 2022 | 0.41x | $3.55 Billion | $8.62 Billion | $3.54 Billion | ▲ +62.6% |
| 2021 | 0.25x | $2.67 Billion | $10.53 Billion | $2.65 Billion | ▼ -40.9% |
| 2020 | 0.43x | $3.05 Billion | $7.12 Billion | $3.03 Billion | ▼ -27.6% |
| 2019 | 0.59x | $3.53 Billion | $5.97 Billion | $3.52 Billion | ▲ +58.1% |
| 2018 | 0.37x | $2.59 Billion | $6.92 Billion | $2.53 Billion | ▲ +31.4% |
| 2017 | 0.28x | $1.55 Billion | $5.44 Billion | $1.55 Billion | ▲ +15.7% |
| 2016 | 0.25x | $1.44 Billion | $5.84 Billion | $1.44 Billion | ▼ -38.8% |
| 2015 | 0.40x | $1.79 Billion | $4.44 Billion | $1.79 Billion | ▼ -24.0% |
| 2014 | 0.53x | $3.45 Billion | $6.52 Billion | $3.45 Billion | ▼ -13.9% |
| 2013 | 0.62x | $3.28 Billion | $5.33 Billion | $3.28 Billion | ▼ -23.4% |
| 2012 | 0.80x | $4.37 Billion | $5.43 Billion | $4.37 Billion | ▲ +99.0% |
| 2011 | 0.40x | $2.13 Billion | $5.27 Billion | $2.13 Billion | ▲ +37.4% |
| 2010 | 0.29x | $1.73 Billion | $5.88 Billion | $1.73 Billion | ▼ -63.3% |
| 2009 | 0.80x | $3.55 Billion | $4.43 Billion | $3.55 Billion | ▼ -24.4% |
| 2008 | 1.06x | $4.37 Billion | $4.12 Billion | $4.37 Billion | ▲ +31.1% |
| 2007 | 0.81x | $3.93 Billion | $4.86 Billion | $3.93 Billion | ▲ +6.1% |
| 2006 | 0.76x | $3.39 Billion | $4.45 Billion | $3.39 Billion | ▼ -20.7% |
| 2005 | 0.96x | $3.07 Billion | $3.19 Billion | $3.07 Billion | ▲ +1.0% |
| 2004 | 0.95x | $3.00 Billion | $3.16 Billion | $3.00 Billion | ▼ -53.1% |
| 2003 | 2.03x | $3.22 Billion | $1.59 Billion | $3.22 Billion | ▲ +27.6% |
| 2002 | 1.59x | $3.16 Billion | $1.99 Billion | $3.16 Billion | ▲ +19.7% |
| 2001 | 1.33x | $2.53 Billion | $1.91 Billion | $2.53 Billion | ▲ +55.8% |
| 2000 | 0.85x | $1.92 Billion | $2.25 Billion | $1.92 Billion | ▼ -9.7% |
| 1999 | 0.94x | $1.76 Billion | $1.86 Billion | $1.76 Billion | ▲ +25.1% |
| 1998 | 0.75x | $1.35 Billion | $1.79 Billion | $1.35 Billion | ▼ -15.5% |
| 1997 | 0.89x | $1.30 Billion | $1.46 Billion | $1.30 Billion | ▼ -31.9% |
| 1996 | 1.31x | $1.52 Billion | $1.16 Billion | $1.52 Billion | ▲ +6.8% |
| 1995 | 1.23x | $1.09 Billion | $892.00 Million | $1.09 Billion | ▲ +54.4% |
| 1994 | 0.79x | $969.00 Million | $1.22 Billion | $969.00 Million | ▼ -14.8% |
| 1993 | 0.93x | $918.00 Million | $984.00 Million | $918.00 Million | ▼ -59.6% |
| 1992 | 2.31x | $1.01 Billion | $437.00 Million | $1.01 Billion | ▲ +112.8% |
| 1991 | 1.08x | $678.00 Million | $625.00 Million | $678.00 Million | ▲ +29.5% |
| 1990 | 0.84x | $619.00 Million | $739.00 Million | $619.00 Million | — |