Target
TGT NYSE· Consumer Staples Merchandise Retail
Last close · Oct 26, 2026
$148.53
KIRA · Stoqly’s AI analyst, in plain words
- Target had $104.8B of revenue in fiscal 2025, down 1.7% on the year before. Over five years, revenue changed +2.3% a year on average.
- Its operating margin was 4.9%, down 0.3 pts: of every 100 in sales, about 5 is left after running the business.
- Target made $3.7B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 6.3% a year.
- Free cash flow was $2.8B in fiscal 2025, 2.7% of revenue.
- Target returned $2.5B to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 1.3%.
- Target owes $11.0B more than it holds in cash, about 1.3 years of operating profit.
Market cap
$67.8B
P/E
15.4x
Revenue
$104.8B
Net income
$3.7B
Free cash flow
$2.8B
Operating margin
4.9%
Target in 30 seconds · fiscal 2025
Are sales growing?
−1.7%
No. Sales fell 1.7% last year.
Does it make a profit?
3.5%
A little. It keeps 3.5% of every sale as profit.
Does profit turn into cash?
2.7%
Partly. 2.7% of sales ends up as free cash.
Is debt under control?
1.3x
Keep an eye on it. Repaying its debt would take 1.3 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
15.4x
One share costs 15.4 times its yearly profit per share. Typical for its sector: 24.7x.
What Target does
Target sells general merchandise and groceries at discounted prices, in its stores and through its digital channels. Most of its stores larger than 170,000 square feet carry a full line of groceries comparable to a traditional supermarket. It also runs Target Plus, an online marketplace where third parties sell goods. Nearly all of its sales are made in the United States. Target reports a single segment, and the vast majority of its sales come from selling merchandise. Its stores fulfilled more than 97 percent of merchandise sales in each of the last three years, and they also fulfill most online orders. Approximately thirty percent of merchandise sales come from its owned and exclusive brands, such as Good & Gather, Cat & Jack and up & up. It also earns money from Roundel, its advertising business; profit sharing on its Target Circle Card program; Target Plus; and membership fees.
Biggest risks, in its own words
- Failing to stand out from competitors, or to anticipate and respond quickly to what shoppers want.
- Damage to how people see Target, which could hurt its relationships with guests, team members and vendors.
- Not being able to develop, source and market its owned and exclusive brands successfully.
- Its Roundel advertising business may fail to keep or grow its advertising revenue.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 11, 2026
- Legal name
- Target Corporation
- CIK
- 0000027419
Target · TGT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $106.0B | $109.1B | $107.4B | $106.6B | $104.8B |
| Revenue growth | 13.3% | 2.9% | −1.6% | −0.8% | −1.7% |
| Gross margin | 29.3% | 24.6% | 27.5% | 28.2% | 27.9% |
| Operating margin | 8.4% | 3.5% | 5.3% | 5.2% | 4.9% |
| Net income | $6.9B | $2.8B | $4.1B | $4.1B | $3.7B |
| Net margin | 6.6% | 2.6% | 3.9% | 3.8% | 3.5% |
| Diluted EPS | $14.10 | $5.98 | $8.94 | $8.86 | $8.13 |
| Cash | |||||
| Cash from operations | $8.6B | $4.0B | $8.6B | $7.4B | $6.6B |
| Capital expenditure | $3.5B | $5.5B | $4.8B | $2.9B | $3.7B |
| Free cash flow | $5.1B | −$1.5B | $3.8B | $4.5B | $2.8B |
| FCF margin | 4.8% | −1.4% | 3.6% | 4.2% | 2.7% |
| Dividends paid | $1.5B | $1.8B | $2.0B | $2.0B | $2.1B |
| Share buybacks | $7.2B | $2.6B | $0.0M | $1.0B | $408M |
| Share count change | −2.5% | −5.7% | −0.4% | −0.2% | −1.3% |
| Debt and strength | |||||
| Cash and short-term investments | $5.9B | $2.2B | $3.8B | $4.8B | $5.5B |
| Debt incl. finance leases | $13.7B | $16.1B | $16.0B | $15.9B | $16.5B |
| Shareholders' equity | $12.8B | $11.2B | $13.4B | $14.7B | $16.2B |
| Net debt / EBITDA | 0.7x | 2.1x | 1.4x | 1.3x | 1.3x |
| Current ratio | 1.0x | 0.9x | 0.9x | 0.9x | 0.9x |
| Interest coverage | 21.3x | 8.1x | 11.4x | 13.5x | 11.5x |
| Returns and quality | |||||
| Return on capital | 35.6% | 13.7% | 17.6% | 16.8% | 15.0% |
| Return on equity | 51.0% | 23.1% | 33.6% | 29.1% | 24.0% |
| Piotroski F-score | 7 | 4 | 7 | 7 | 6 |
| Altman Z'' | 1.8 | 0.9 | 1.2 | 1.3 | 1.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$26.0M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Target · TGT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Target TGT | $67.8B | −1.7% | 4.9% | 2.7% | 15.0% | 15.4x | 6 |
| Walmart WMT | $959.7B | 4.7% | 4.2% | 2.1% | 16.1% | 43.4x | 7 |
| Costco COST | $446.7B | 10.1% | 3.9% | 3.1% | 40.7% | — | 7 |
| Amazon AMZN | $2.72T | 12.4% | 11.2% | 1.1% | 20.6% | 20.0x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $148.53 a share, the company is worth $67.8B: 15.4 times its earnings of the last four quarters.
Target grew sales faster than 0 of its 3 similar companies. Its P/E is higher than 0 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000027419). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.