Amazon
AMZN · Broadline Retail
$248.00
1.0%Target
TGT · Consumer Staples Merchandise Retail
$152.76
3.4%The short version
- Amazon is the larger business, with $716.9B of revenue in fiscal 2025 against $104.8B for Target, about 6.8 times as much.
- Amazon grew revenue faster (12.4%, against −1.7%).
- Amazon kept more of each dollar of sales as operating profit (11.2% operating margin, against 4.9% operating margin).
- Target turned more of its sales into free cash flow (2.7% FCF margin, against 1.1% FCF margin).
- Amazon earned a higher return on the capital invested in it (20.6%, against 15.0%).
- Investors pay more for each dollar of Amazon’s earnings: a P/E of 20.0x against 15.9x for Target.
| Latest fiscal year | AMZN · FY25 | TGT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.70T | $69.8B |
| Revenue | $716.9B | $104.8B |
| Free cash flow | $7.7B | $2.8B |
| Net income | $77.7B | $3.7B |
| Growth | ||
| Revenue growth | 12.4% | −1.7% |
| 5-year growth | 13.2% | 2.3% |
| Share count change | 1.0% | −1.3% |
| Profitability | ||
| Gross margin | 50.3% | 27.9% |
| Operating margin | 11.2% | 4.9% |
| Net margin | 10.8% | 3.5% |
| FCF margin | 1.1% | 2.7% |
| Return on capital | 20.6% | 15.0% |
| Return on equity | 22.3% | 24.0% |
| Balance sheet | ||
| Net debt | −$41.5B | $11.0B |
| Net debt / EBITDA | −0.3x | 1.3x |
| Dividends and buybacks | $0.0M | $2.5B |
| Valuation & quality | ||
| P/E | 20.0x | 15.9x |
| Piotroski F-score | 6 | 6 |
FY16
AMZN $136.0B
TGT $70.3B
FY17
AMZN $177.9B
TGT $72.7B
FY18
AMZN $232.9B
TGT $75.4B
FY19
AMZN $280.5B
TGT $78.1B
FY20
AMZN $386.1B
TGT $93.6B
FY21
AMZN $469.8B
TGT $106.0B
FY22
AMZN $514.0B
TGT $109.1B
FY23
AMZN $574.8B
TGT $107.4B
FY24
AMZN $638.0B
TGT $106.6B
FY25
AMZN $716.9B
TGT $104.8B
AMZN
TGT
FY16
AMZN 3.1%
TGT 6.9%
FY17
AMZN 2.3%
TGT 5.8%
FY18
AMZN 5.3%
TGT 5.5%
FY19
AMZN 5.2%
TGT 6.0%
FY20
AMZN 5.9%
TGT 7.0%
FY21
AMZN 5.3%
TGT 8.4%
FY22
AMZN 2.4%
TGT 3.5%
FY23
AMZN 6.4%
TGT 5.3%
FY24
AMZN 10.8%
TGT 5.2%
FY25
AMZN 11.2%
TGT 4.9%
AMZN
TGT
FY16
AMZN $10.5B
TGT $3.9B
FY17
AMZN $6.4B
TGT $4.4B
FY18
AMZN $17.3B
TGT $2.5B
FY19
AMZN $21.7B
TGT $4.1B
FY20
AMZN $25.9B
TGT $7.9B
FY21
AMZN −$14.7B
TGT $5.1B
FY22
AMZN −$16.9B
TGT −$1.5B
FY23
AMZN $32.2B
TGT $3.8B
FY24
AMZN $32.9B
TGT $4.5B
FY25
AMZN $7.7B
TGT $2.8B
AMZN
TGT
FY16
AMZN —
TGT 15.3%
FY17
AMZN 27.5%
TGT 16.3%
FY18
AMZN 45.4%
TGT 15.8%
FY19
AMZN 28.0%
TGT 17.4%
FY20
AMZN 31.2%
TGT 26.2%
FY21
AMZN 23.3%
TGT 35.6%
FY22
AMZN 6.9%
TGT 13.7%
FY23
AMZN 16.7%
TGT 17.6%
FY24
AMZN 26.5%
TGT 16.8%
FY25
AMZN 20.6%
TGT 15.0%
AMZN
TGT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.