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This stock no longer trades (delisted May 16, 2025)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Stock

Discover Financial Services

DFS
64
Financial - Credit Services · Financial Services
Price
$200.05
-0.43 (-0.21%)
Market Cap
$50.34B
Exchange
New York Stock Exchange
Winston Score
64
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Oct 18, 2026 · filings through Mar 31, 2025

§How the score breaks down

Quality
Exceptional
29/30
Growth
Good
13/20
Cash Flow
Exceptional
10/10
Stability
Mixed
4/10
Valuation
Good
5/10
Ownership
Weak
2/15
Dividends
Weak
1/5

64 of 100 counted points = Winston Score 64.

Share count falling — buybacks

−18.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 307.0M (2020) → 251.0M (2024)

§Winston Score History

The full picture

Discover Financial Services is a credit card company and digital bank based in the United States. It issues Discover credit cards, offers personal loans, home loans, and savings accounts to everyday consumers. It also runs the Discover Global Network, one of only four major card payment networks in the U.S., alongside Visa, Mastercard, and American Express.

Discover makes money mainly from interest charged on credit card balances and loans, plus fees merchants pay when customers use Discover cards. It operates primarily in the United States and is one of the largest credit card issuers in the country. Owning its own payment network gives Discover a rare structural advantage, since it earns revenue on both the lending and transaction-processing sides of each purchase. A major development for the company is its pending merger with Capital One, which if completed would create one of the largest consumer banking and payments companies in the U.S., though regulatory approval remains a key risk.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+106.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+30.8% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

0.6%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$140.7B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Discover Financial Services grew revenue 106% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
77.4%
Premium pricing power — 77.4% gross margin
Profit after running costs
Operating Margin
48.9%
Excellent — 48.9% operating margin
Return on the money invested
ROCE
22.8%
Exceptional — 22.8% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+72.3%
Fast-growing sales (+72.3% YoY)
Profit growth
EPS YoY
+71.6%
Earnings growing fast (+71.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
182%
Turns 182% of profit into real cash
Spare cash per sale
FCF Margin
38.2%
Converts sales into free cash efficiently (38.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.77
Moderate — manageable debt (0.77)
Covers its interest
Interest Cover
1.39x
Dangerous — barely covers interest (1.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
10.7x
Attractive valuation — P/E 10.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-2.2
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
1.40%
Small dividend — 1.40% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
Dividend flat
Payout Ratio
17%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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