Target Corporation (TGT)
Consumer Staples · $72.1B market cap · SEC CIK 0000027419
fundamentals score out of 100
Next reports on Nov 17, 2026, with analysts expecting $2.07 in earnings per share.
The case for TGT
- Earns 27% back on shareholder equity.
- Pays a 3.3% dividend while you wait.
- Reasonably priced at 16.4× earnings.
- Up 79.0% over the past year.
The case against
- Current liabilities exceed current assets (ratio 0.99).
- Stability is weak (41/100): beta 0.94, 2.2 years of cash flow to clear its debt, a 51% swing over the year.
- Revenue grew only 1.9%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 72 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 49 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 47 |
| Momentumhow the price has behaved lately | 88 |
| Stabilityhow violently it moves, what it owes and what it pays you | 41 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 16.4× |
|---|---|
| Price / book | 3.80× |
| Price / sales | 0.7× |
| Revenue growth (YoY) | +1.9% |
| EPS growth (YoY) | +12.3% |
| Gross margin | 29% |
| Operating margin | 6% |
| Net margin | 4% |
| Return on equity | 27% |
| Debt / equity | 0.86× |
| Current ratio | 0.99 |
| Dividend yield | 3.35% |
| Beta | 0.94 |
| 52-week range | $83.44 – $170.75 |
| Position in that range | 87% of the way up |
| 3-month return | +20.6% |
| 1-year return | +79.0% |
Five years of financials, as filed
Pulled from Target Corporation's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $105B | $107B | $107B | $109B | $106B |
| Operating income | $5.1B | $5.6B | $5.7B | $3.8B | $8.9B |
| Net income | $3.7B | $4.1B | $4.1B | $2.8B | $6.9B |
| Operating cash flow | $6.6B | $7.4B | $8.6B | $4.0B | $8.6B |
| Capital expenditure | $3.7B | $2.9B | $4.8B | $5.5B | $3.5B |
| Total assets | $59.5B | $57.8B | $55.4B | $53.3B | $53.8B |
| Shareholder equity | $16.2B | $14.7B | $13.4B | $11.2B | $12.8B |
| Cash | $5.5B | $4.8B | $3.8B | $2.2B | $5.9B |
| Long-term debt | $14.4B | $13.9B | $14.2B | $14.1B | $11.6B |
| Free cash flow | $2.8B | $4.5B | $3.8B | -$1.5B | $5.1B |
| Operating margin | 4.9% | 5.2% | 5.3% | 3.5% | 8.4% |
| Net margin | 3.5% | 3.8% | 3.9% | 2.5% | 6.6% |
| Diluted shares | 456M | 462M | 463M | 465M | 493M |
Share count is down 7.5% over 4 years. Buybacks have been shrinking the pie.
What Target Corporation says it does
Target Corporation was incorporated in Minnesota in 1902. Our corporate purpose is to help all families discover the joy of everyday life. We offer our customers, referred to as "guests," fashionable, differentiated merchandise and everyday essentials at discounted prices. We operate as a single segment designed to enable guests to purchase products seamlessly in stores or through our digital channels. Since 1946, we have given 5 percent of our profit to communities. When used in this report, the terms "we," "our," "us," "Target," and the "Corporation" mean Target Corporation and its subsidiaries, collectively, unless the context otherwise requires or indicates. Strategy Target’s strategy is grounded in our purpose to help all families discover the joy of everyday life and our ambition to be the most delightful experience in retail. We differentiate through design, style, and value, and a curated multi-category assortment delivered…
Risk factors TGT lists in its 10-K
- If we are unable to positively differentiate ourselves from our competitors, our results of operations and financial condition could be adversely affected
- If we do not anticipate consumer demand accurately and respond quickly to changing consumer preferences, our results of operations and financial condition could be adversely affected
- Our continued success is dependent on positive perceptions of Target which, if eroded, could adversely affect our business and our relationships, including with our guests, team members, and vendors
- Our business transformation initiatives may not achieve their intended objectives, which could adversely affect our competitive position, results of operations, and financial condition
- If we are unable to successfully develop, source, and market our owned and exclusive brand products, our results of operations could be adversely affected
- If we are unable to protect against inventory shrink, our results of operations and financial condition could be adversely affected
- We depend on seasonal moments and higher-margin merchandise to drive sales and net earnings growth
- Our Roundel retail media network may not maintain or grow advertising revenue, which could adversely affect our results of operations
- Investment and Infrastructure Risks
- If our capital investments do not achieve appropriate returns or our efficiency efforts are not successful, our competitive position, results of operations, and financial condition could be adversely affected
- A significant disruption to our technology systems and our failure to adequately maintain and update those systems could adversely affect our operations and negatively affect our guests
- Information Security, Cybersecurity, and Data Privacy Risks
- If services we obtain from third parties are unavailable, fail to meet our standards, or increase in cost, our reputation, results of operations, and financial condition could be adversely affected
- Legal, Regulatory, Global, and Other External Risks