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TGT logoTarget Corporation(TGT)Earnings, Financials & Key Ratios

TGT•NYSE
$128.78
$58.67B mkt cap·15.8× P/E·Price updated May 6, 2026
SectorConsumer DefensiveIndustryDiscount StoresSub-IndustryWarehouse Clubs and Supercenters
AboutTarget Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.Show more
  • Revenue$104.78B-1.7%
  • EBITDA$7.92B-7.4%
  • Net Income$3.71B-9.4%
  • EPS (Diluted)8.13-8.2%
  • Gross Margin27.93%-1.0%
  • EBITDA Margin7.56%-5.8%
  • Operating Margin4.88%-6.5%
  • Net Margin3.54%-7.9%
  • ROE24.03%-17.5%
  • ROIC16.67%+17.9%
  • Debt/Equity0.35-74.5%
  • Interest Coverage11.50-15.1%
Analysis→Technical→

TGT Key Insights

Target Corporation (TGT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 28.9%
  • ✓22 consecutive years of dividend growth
  • ✓Momentum leader: RS Rating 80 (top 20%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 3.5%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TGT Price & Volume

Target Corporation (TGT) stock price & volume — 10-year historical chart

Loading chart...

TGT Growth Metrics

Target Corporation (TGT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.57%
5 Years2.29%
3 Years-1.34%
TTM-0.3%

Profit CAGR

10 Years0.97%
5 Years-3.24%
3 Years10.05%
TTM-1.2%

EPS CAGR

10 Years4.35%
5 Years-1.21%
3 Years10.78%
TTM-0.56%

Return on Capital

10 Years17.44%
5 Years17.03%
3 Years15.06%
Last Year13.6%

TGT Recent Earnings

Target Corporation (TGT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 3, 2026
EPS
$2.44
Est $2.16
+13.0%
Revenue
$30.5B
Est $30.5B
-0.0%
Q4 2025
Nov 19, 2025
EPS
$1.78
Est $1.71
+4.1%
Revenue
$25.3B
Est $25.3B
-0.2%
Q3 2025
Aug 20, 2025
EPS
$2.05
Est $2.04
+0.5%
Revenue
$25.2B
Est $24.9B
+1.1%
Q2 2025
May 21, 2025
EPS
$1.30
Est $1.56
-16.7%
Revenue
$23.8B
Est $24.1B
-1.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 3, 2026
$2.44vs $2.16+13.0%
$30.5Bvs $30.5B-0.0%
Q4 2025Nov 19, 2025
$1.78vs $1.71+4.1%
$25.3Bvs $25.3B-0.2%
Q3 2025Aug 20, 2025
$2.05vs $2.04+0.5%
$25.2Bvs $24.9B+1.1%
Q2 2025May 21, 2025
$1.30vs $1.56-16.7%
$23.8Bvs $24.1B-1.2%
Based on last 12 quarters of dataView full earnings history →

TGT Peer Comparison

Target Corporation (TGT) competitors in Warehouse Clubs and Supercenters — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
WMT logoWMTWalmart Inc.Direct Competitor1.04T130.7947.914.73%3.26%22.35%3.99%0.67
COST logoCOSTCostco Wholesale CorporationDirect Competitor450.51B1016.4255.828.17%2.99%28.81%1.74%0.28
KR logoKRThe Kroger Co.Direct Competitor42.35B66.9243.450.35%0.69%13.04%7.91%4.16
DG logoDGDollar General CorporationDirect Competitor25.74B117.0417.095.2%3.54%18.66%9.3%1.85
DLTR logoDLTRDollar Tree, Inc.Direct Competitor18.6B93.6915.7710.43%6.61%34.83%5.68%1.23
BJ logoBJBJ's Wholesale Club Holdings, Inc.Direct Competitor14.13B94.3221.534.66%2.7%26.47%2.34%1.19
AMZN logoAMZNAmazon.com, Inc.Product Competitor2.94T273.5238.1512.38%12.22%23.34%0.26%0.37
M logoMMacy's, Inc.Product Competitor5.35B19.288.31-1.67%2.84%14.2%19.74%1.07

Compare TGT vs Peers

Target Corporation (TGT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WMT

Most directly comparable listed peer for TGT.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare TGT against a more recognizable public peer.

Peer Set

Compare Top 5

vs WMT, COST, KR, DG

TGT Income Statement

Target Corporation (TGT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemFeb'18Feb'19Feb'20Jan'21Jan'22Jan'23Feb'24Feb'25Jan'26
Sales/Revenue72.71B75.36B78.11B93.56B106B109.12B107.41B106.57B104.78B
Revenue Growth %3.48%3.63%3.66%19.78%13.3%2.94%-1.57%-0.79%-1.68%
Cost of Goods Sold51.13B53.3B54.86B66.18B74.96B82.31B77.83B76.5B75.51B
COGS % of Revenue70.31%70.73%70.24%70.73%70.72%75.43%72.46%71.79%72.07%
Gross Profit
21.59B▲ 0%
22.06B▲ 2.2%
23.25B▲ 5.4%
27.38B▲ 17.8%
31.04B▲ 13.4%
26.81B▼ 13.6%
29.58B▲ 10.3%
30.06B▲ 1.6%
29.27B▼ 2.6%
Gross Margin %29.69%29.27%29.76%29.27%29.28%24.57%27.54%28.21%27.93%
Gross Profit Growth %2.19%2.17%5.4%17.79%13.36%-13.62%10.33%1.62%-2.64%
Operating Expenses17.36B17.95B18.59B20.84B22.1B22.97B23.88B24.5B24.15B
OpEx % of Revenue23.88%23.82%23.8%22.28%20.84%21.05%22.23%22.99%23.05%
Selling, General & Admin15.14B15.72B16.23B18.61B19.75B20.58B21.46B21.97B21.54B
SG&A % of Revenue20.82%20.87%20.78%19.9%18.63%18.86%19.98%20.62%20.55%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses2.23B2.22B2.36B2.23B2.34B2.38B2.42B2.53B2.62B
Operating Income
4.22B▲ 0%
4.11B▼ 2.7%
4.66B▲ 13.3%
6.54B▲ 40.4%
8.95B▲ 36.8%
3.85B▼ 57.0%
5.71B▲ 48.3%
5.57B▼ 2.5%
5.12B▼ 8.1%
Operating Margin %5.81%5.45%5.96%6.99%8.44%3.53%5.31%5.22%4.88%
Operating Income Growth %-13.16%-2.7%13.33%40.38%36.81%-56.99%48.31%-2.47%-8.07%
EBITDA6.7B6.58B7.26B9.02B11.59B6.55B8.51B8.55B7.92B
EBITDA Margin %9.21%8.74%9.3%9.64%10.93%6%7.92%8.02%7.56%
EBITDA Growth %-6.71%-1.73%10.3%24.26%28.41%-43.49%29.93%0.46%-7.36%
D&A (Non-Cash Add-back)2.48B2.47B2.6B2.48B2.64B2.7B2.8B2.98B2.8B
EBIT4.28B4.14B4.67B6.52B9.33B3.9B5.8B5.67B5.21B
Net Interest Income-653M-461M-477M-977M-421M-478M-502M-411M-445M
Interest Income000000000
Interest Expense653M461M477M977M421M478M502M411M445M
Other Income/Expense-594M-434M-468M-993M-39M-430M-410M-305M-350M
Pretax Income
3.63B▲ 0%
3.68B▲ 1.3%
4.19B▲ 14.0%
5.55B▲ 32.4%
8.91B▲ 60.6%
3.42B▼ 61.6%
5.3B▲ 55.0%
5.26B▼ 0.7%
4.77B▼ 9.4%
Pretax Margin %4.99%4.88%5.36%5.93%8.4%3.13%4.93%4.94%4.55%
Income Tax722M746M921M1.18B1.96B638M1.16B1.17B1.06B
Effective Tax Rate %19.89%20.29%21.98%21.24%22.02%18.67%21.88%22.24%22.28%
Net Income
2.91B▲ 0%
2.94B▲ 0.8%
3.28B▲ 11.7%
4.37B▲ 33.1%
6.95B▲ 59.0%
2.78B▼ 60.0%
4.14B▲ 48.8%
4.09B▼ 1.1%
3.71B▼ 9.4%
Net Margin %4.01%3.9%4.2%4.67%6.55%2.55%3.85%3.84%3.54%
Net Income Growth %6.58%0.79%11.71%33.13%59.02%-59.98%48.85%-1.14%-9.44%
Net Income (Continuing)2.91B2.93B3.27B4.37B6.95B2.78B4.14B4.09B3.71B
Discontinued Operations6M7M12M000000
Minority Interest000000000
EPS (Diluted)
5.29▲ 0%
5.51▲ 4.2%
6.36▲ 15.4%
8.64▲ 35.8%
14.10▲ 63.2%
5.98▼ 57.6%
8.94▲ 49.5%
8.86▼ 0.9%
8.13▼ 8.2%
EPS Growth %12.55%4.16%15.43%35.85%63.19%-57.59%49.5%-0.89%-8.24%
EPS (Basic)5.325.566.428.7314.236.028.968.898.16
Diluted Shares Outstanding550.85M533.2M515.6M505.4M492.7M464.7M462.8M461.8M455.6M
Basic Shares Outstanding547.74M528.6M510.9M500.6M488.1M462.1M461.5M460.4M454.1M
Dividend Payout Ratio45.92%45.45%40.54%30.75%22.29%66.04%48.6%50.01%55.41%

TGT Balance Sheet

Target Corporation (TGT) balance sheet — assets, liabilities & shareholders' equity

Line itemFeb'18Feb'19Feb'20Jan'21Jan'22Jan'23Feb'24Feb'25Jan'26
Total Current Assets12.54B12.52B12.9B20.76B21.57B17.85B17.5B19.45B20B
Cash & Short-Term Investments2.64B1.56B2.58B8.51B5.91B2.23B3.81B4.76B5.49B
Cash Only2.64B1.56B767M8.51B5.91B2.23B3.81B4.76B5.49B
Short-Term Investments001.81B000000
Accounts Receivable929M1.1B962M1.14B1.35B1.7B1.4B1.54B0
Days Sales Outstanding4.665.334.54.434.665.674.775.28-
Inventory8.6B9.5B8.99B10.65B13.9B13.5B11.89B12.74B12.3B
Days Inventory Outstanding61.3865.0459.8258.7667.6959.8655.7460.7859.47
Other Current Assets214M209M217M286M237M235M202M185M2.21B
Total Non-Current Assets27.76B28.77B29.88B30.49B32.24B35.49B37.86B38.31B39.48B
Property, Plant & Equipment26.42B27.5B28.52B29.11B30.74B34.17B36.46B36.78B37.45B
Fixed Asset Turnover2.75x2.74x2.74x3.21x3.45x3.19x2.95x2.90x2.80x
Goodwill630M633M633M631M631M631M631M631M0
Intangible Assets79M66M53M37M25M14M000
Long-Term Investments383M380M418M450M470M440M000
Other Non-Current Assets251M194M254M268M375M235M769M899M2.03B
Total Assets
40.3B▲ 0%
41.29B▲ 2.4%
42.78B▲ 3.6%
51.25B▲ 19.8%
53.81B▲ 5.0%
53.34B▼ 0.9%
55.36B▲ 3.8%
57.77B▲ 4.4%
59.49B▲ 3.0%
Asset Turnover1.80x1.83x1.83x1.83x1.97x2.05x1.94x1.84x1.76x
Asset Growth %7.67%2.45%3.61%19.8%5%-0.88%3.79%4.36%2.98%
Total Current Liabilities13.05B15.01B14.49B20.13B21.75B19.5B19.3B20.8B21.23B
Accounts Payable8.68B9.76B8.38B12.86B15.48B13.49B12.1B13.05B12.62B
Days Payables Outstanding61.9566.8455.7270.9275.3659.8156.7462.2861.01
Short-Term Debt281M1.05B1.91B1.14B171M130M1.12B1.64B2.13B
Deferred Revenue (Current)00001.2B1.24B1.16B1.21B0
Other Current Liabilities1.66B1.81B2.89B2.71B1.48B1.67B1.49B1.27B6.48B
Current Ratio0.96x0.83x0.89x1.03x0.99x0.92x0.91x0.94x0.94x
Quick Ratio0.30x0.20x0.27x0.50x0.35x0.22x0.29x0.32x0.36x
Cash Conversion Cycle4.093.528.59-7.74-3.025.723.783.78-
Total Non-Current Liabilities15.6B14.98B16.46B16.68B19.24B22.6B22.62B22.3B22.09B
Long-Term Debt11.12B10.22B10.04B11.54B13.55B16.01B14.92B14.3B3.46B
Capital Lease Obligations1.92B2B3.58B2.22B2.49B2.64B3.28B3.58B0
Deferred Tax Liabilities693M972M1.12B990M1.57B2.2B2.48B2.3B2.27B
Other Non-Current Liabilities1.27B1.21B1.19B1.43B1.15B1.31B1.52B1.73B16.37B
Total Liabilities28.65B29.99B30.95B36.81B40.98B42.1B41.92B43.1B43.33B
Total Debt13.47B13.45B15.52B15.11B16.47B19.07B19.65B19.88B5.59B
Net Debt10.83B11.89B14.75B6.6B10.56B16.84B15.84B15.11B104M
Debt / Equity1.16x1.19x1.31x1.05x1.28x1.70x1.46x1.36x0.35x
Debt / EBITDA2.01x2.04x2.14x1.67x1.42x2.91x2.31x2.33x0.71x
Net Debt / EBITDA1.62x1.81x2.03x0.73x0.91x2.57x1.86x1.77x0.01x
Interest Coverage6.47x8.92x9.77x6.69x21.25x8.05x11.37x13.54x11.50x
Total Equity
11.65B▲ 0%
11.3B▼ 3.0%
11.83B▲ 4.7%
14.44B▲ 22.0%
12.83B▼ 11.2%
11.23B▼ 12.4%
13.43B▲ 19.6%
14.67B▲ 9.2%
16.16B▲ 10.2%
Equity Growth %6.37%-3.04%4.74%22.03%-11.17%-12.43%19.59%9.19%10.22%
Book Value per Share21.1521.1922.9528.5726.0324.1729.0231.7635.48
Total Shareholders' Equity11.65B11.3B11.83B14.44B12.83B11.23B13.43B14.67B16.16B
Common Stock45M43M42M42M39M38M38M38M38M
Retained Earnings6.5B6.02B6.43B8.82B6.92B5B7.09B8.09B9.3B
Treasury Stock000000000
Accumulated OCI-747M-805M-868M-756M-553M-419M-460M-458M-417M
Minority Interest000000000

TGT Cash Flow Statement

Target Corporation (TGT) cash flow — operating, investing & free cash flow history

Line itemFeb'18Feb'19Feb'20Jan'21Jan'22Jan'23Feb'24Feb'25Jan'26
Cash from Operations6.92B5.97B7.12B10.53B8.63B4.02B8.62B7.37B6.56B
Operating CF Margin %9.52%7.93%9.11%11.25%8.14%3.68%8.03%6.91%6.26%
Operating CF Growth %27.35%-13.72%19.15%47.89%-18.05%-53.41%114.56%-14.55%-10.93%
Net Income2.93B2.93B3.28B4.37B6.95B2.78B4.14B4.09B3.71B
Depreciation & Amortization2.44B2.47B2.6B2.48B2.64B2.7B2.8B2.98B3.13B
Stock-Based Compensation112M132M147M200M228M220M251M304M281M
Deferred Taxes-192M322M178M-184M522M582M298M-180M-55M
Other Non-Cash Items389M98M45M598M-268M172M94M26M-100M
Working Capital Changes1.24B17M862M3.06B-1.45B-2.44B1.04B145M-403M
Change in Receivables794M2.29B0000000
Change in Inventory-348M-900M505M-1.66B-3.25B403M1.61B-854M436M
Change in Payables1.31B1.13B140M2.92B2.63B-2.24B-1.22B1.01B-501M
Cash from Investing-3.08B-3.42B-2.94B-2.59B-3.15B-5.5B-4.76B-2.86B-3.65B
Capital Expenditures-2.53B-3.52B-3.03B-2.65B-3.54B-5.53B-4.81B-2.89B0
CapEx % of Revenue3.48%4.67%3.88%2.83%3.34%5.07%4.47%2.71%3.56%
Acquisitions-518M85M63M42M356M8M000
Investments---------
Other Investing31M083M58M34M24M46M31M-3.65B
Cash from Financing-3.72B-3.64B-3.15B-2B-8.07B-2.2B-2.29B-3.55B-2.19B
Debt Issued (Net)-1.45B-281M-330M65M825M2.46B-147M-398M341M
Equity Issued (Net)-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Dividends Paid-1.34B-1.33B-1.33B-1.34B-1.55B-1.84B-2.01B-2.05B-2.05B
Share Repurchases-1.05B-2.12B-1.56B-745M-7.19B-2.65B-127M-1.01B-408M
Other Financing108M96M73M23M8M4M0-99M-67M
Net Change in Cash
131M▲ 0%
-1.09B▼ 929.8%
1.02B▲ 193.9%
5.93B▲ 481.2%
-2.6B▼ 143.8%
-3.68B▼ 41.6%
1.58B▲ 142.8%
957M▼ 39.3%
726M▼ 24.1%
Free Cash Flow
4.39B▲ 0%
2.46B▼ 44.0%
4.09B▲ 66.5%
7.88B▲ 92.6%
5.08B▼ 35.5%
-1.51B▼ 129.7%
3.81B▲ 352.6%
4.48B▲ 17.3%
2.83B▼ 36.7%
FCF Margin %6.04%3.26%5.24%8.42%4.79%-1.38%3.55%4.2%2.71%
FCF Growth %12.88%-44.03%66.46%92.57%-35.49%-129.72%352.65%17.33%-36.66%
FCF per Share7.974.617.9315.5810.31-3.258.249.696.22
FCF Conversion (FCF/Net Income)2.38x2.03x2.17x2.41x1.24x1.45x2.08x1.80x1.77x
Interest Paid678M476M492M939M414M449M605M615M0
Taxes Paid934M373M696M1.03B2.06B213M374M1.05B0

TGT Key Ratios

Target Corporation (TGT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)22.87%25.78%25.6%28.37%33.25%50.95%23.11%33.55%29.12%24.03%
Return on Invested Capital (ROIC)17.02%14.51%13.5%14.04%20.6%30.21%11.22%14.93%14.14%16.67%
Gross Margin30.06%29.69%29.27%29.76%29.27%29.28%24.57%27.54%28.21%27.93%
Net Margin3.89%4.01%3.9%4.2%4.67%6.55%2.55%3.85%3.84%3.54%
Debt / Equity1.16x1.16x1.19x1.31x1.05x1.28x1.70x1.46x1.36x0.35x
Interest Coverage4.91x6.47x8.92x9.77x6.69x21.25x8.05x11.37x13.54x11.50x
FCF Conversion1.99x2.38x2.03x2.17x2.41x1.24x1.45x2.08x1.80x1.77x
Revenue Growth-4.76%3.48%3.63%3.66%19.78%13.3%2.94%-1.57%-0.79%-1.68%

TGT SEC Filings & Documents

Target Corporation (TGT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 3, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Feb 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 26, 2025·SEC

FY 2025

Aug 29, 2025·SEC

FY 2025

May 30, 2025·SEC

TGT Frequently Asked Questions

Target Corporation (TGT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Target Corporation (TGT) reported $106.25B in revenue for fiscal year 2025. This represents a 319% increase from $25.37B in 1996.

Target Corporation (TGT) saw revenue decline by 1.7% over the past year.

Yes, Target Corporation (TGT) is profitable, generating $4.04B in net income for fiscal year 2025 (3.5% net margin).

Dividend & Returns

Yes, Target Corporation (TGT) pays a dividend with a yield of 3.50%. This makes it attractive for income-focused investors.

Target Corporation (TGT) has a return on equity (ROE) of 24.0%. This is excellent, indicating efficient use of shareholder capital.

Target Corporation (TGT) generated $2.93B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More TGT

Target Corporation (TGT) financial analysis — history, returns, DCA and operating performance tools

Full TGT Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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