InsiderClue
Stocks · Consumer staples · Retail-Variety Stores

Target Corporation

TGT Clue Score37
United States Fiscal year ends February CIK 0000027419
$153.64 -0.72% Close, 9 Oct 2026
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Price $153.64 −32.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue70.27Operating income4.86EPS, diluted4.69Fiscal year 2018Revenue72.71 +3.5%Operating income4.22EPS, diluted5.29 +12.8%Fiscal year 2019Revenue75.36 +3.6%Operating income4.11EPS, diluted5.51 +4.2%Fiscal year 2020Revenue78.11 +3.7%Operating income4.66EPS, diluted6.36 +15.4%Fiscal year 2021Revenue93.56 +19.8%Operating income6.54Net income4.37EPS, diluted8.64 +35.8%Fiscal year 2022Revenue106.01 +13.3%Operating income8.95Net income6.95 +59.0%EPS, diluted14.10 +63.2%Fiscal year 2023Revenue109.12 +2.9%Operating income3.85Net income2.78 −60.0%EPS, diluted5.98 −57.6%Fiscal year 2024Revenue107.41 −1.6%Operating income5.71Net income4.14 +48.8%EPS, diluted8.94 +49.5%Fiscal year 2025Revenue106.57 −0.8%Operating income5.57Net income4.09 −1.1%EPS, diluted8.86 −0.9%Fiscal year 2026Revenue104.78 −1.7%Operating income5.12Net income3.71 −9.4%EPS, diluted8.13 −8.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 70.27 72.71 75.36 78.11 93.56 106.01 109.12 107.41 106.57 104.78
Growth +3.5% +3.6% +3.7% +19.8% +13.3% +2.9% −1.6% −0.8% −1.7%
Operating income 4.86 4.22 4.11 4.66 6.54 8.95 3.85 5.71 5.57 5.12
Net income n/a n/a n/a n/a 4.37 6.95 2.78 4.14 4.09 3.71
Growth +59.0% −60.0% +48.8% −1.1% −9.4%
EPS, diluted 4.69 5.29 5.51 6.36 8.64 14.10 5.98 8.94 8.86 8.13
Growth +12.8% +4.2% +15.4% +35.8% +63.2% −57.6% +49.5% −0.9% −8.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin29.0%Operating margin6.9%Free cash flow margin5.5%Fiscal year 2018Gross margin28.5%Operating margin5.8%Free cash flow margin6.1%Fiscal year 2019Operating margin5.5%Free cash flow margin3.3%Fiscal year 2020Operating margin6.0%Free cash flow margin5.2%Fiscal year 2021Operating margin7.0%Net margin4.7%Free cash flow margin8.4%Fiscal year 2022Operating margin8.4%Net margin6.6%Free cash flow margin4.8%Fiscal year 2023Operating margin3.5%Net margin2.5%Free cash flow margin−1.4%Fiscal year 2024Operating margin5.3%Net margin3.9%Free cash flow margin3.6%Fiscal year 2025Operating margin5.2%Net margin3.8%Free cash flow margin4.2%Fiscal year 2026Operating margin4.9%Net margin3.5%Free cash flow margin2.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 29.0% 28.5% n/a n/a n/a n/a n/a n/a n/a n/a
Operating margin 6.9% 5.8% 5.5% 6.0% 7.0% 8.4% 3.5% 5.3% 5.2% 4.9%
Net margin n/a n/a n/a n/a 4.7% 6.6% 2.5% 3.9% 3.8% 3.5%
Free cash flow margin 5.5% 6.1% 3.3% 5.2% 8.4% 4.8% −1.4% 3.6% 4.2% 2.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow5.44Capital expenditure−1.55Free cash flow3.90Buybacks−3.71Dividends paid−1.35Fiscal year 2018Operating cash flow6.94Capital expenditure−2.53Free cash flow4.40 +13.0%Buybacks−1.05Dividends paid−1.34Fiscal year 2019Operating cash flow5.97Capital expenditure−3.52Free cash flow2.46 −44.2%Buybacks−2.12Dividends paid−1.34Fiscal year 2020Operating cash flow7.12Capital expenditure−3.03Free cash flow4.09 +66.5%Buybacks−1.57Dividends paid−1.33Fiscal year 2021Operating cash flow10.53Capital expenditure−2.65Free cash flow7.88 +92.6%Buybacks−0.75Dividends paid−1.34Fiscal year 2022Operating cash flow8.63Capital expenditure−3.54Free cash flow5.08 −35.5%Buybacks−7.19Dividends paid−1.55Fiscal year 2023Operating cash flow4.02Capital expenditure−5.53Free cash flow−1.51 −129.7%Buybacks−2.65Dividends paid−1.84Fiscal year 2024Operating cash flow8.62Capital expenditure−4.81Free cash flow3.82Buybacks0.00Dividends paid−2.01Fiscal year 2025Operating cash flow7.37Capital expenditure−2.89Free cash flow4.48 +17.3%Buybacks−1.01Dividends paid−2.05Fiscal year 2026Operating cash flow6.56Capital expenditure−3.73Free cash flow2.84 −36.7%Buybacks−0.41Dividends paid−2.05
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 5.44 6.94 5.97 7.12 10.53 8.63 4.02 8.62 7.37 6.56
Capital expenditure −1.55 −2.53 −3.52 −3.03 −2.65 −3.54 −5.53 −4.81 −2.89 −3.73
Free cash flow 3.90 4.40 2.46 4.09 7.88 5.08 −1.51 3.82 4.48 2.84
Growth +13.0% −44.2% +66.5% +92.6% −35.5% −129.7% +17.3% −36.7%
Buybacks −3.71 −1.05 −2.12 −1.57 −0.75 −7.19 −2.65 0.00 −1.01 −0.41
Dividends paid −1.35 −1.34 −1.34 −1.33 −1.34 −1.55 −1.84 −2.01 −2.05 −2.05

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash2.51Total debt13.43Net cash (debt)−10.92Shareholders’ equity10.92Debt to equity1.23Fiscal year 2018Cash2.64Total debt10.71Net cash (debt)−8.07Shareholders’ equity11.65Debt to equity0.92Fiscal year 2019Cash1.56Total debt11.30Net cash (debt)−9.74Shareholders’ equity11.30Debt to equity1.00Fiscal year 2020Cash2.58Total debt10.15Net cash (debt)−7.58Shareholders’ equity11.83Debt to equity0.86Fiscal year 2021Cash8.51Total debt10.64Net cash (debt)−2.13Shareholders’ equity14.44Debt to equity0.74Fiscal year 2022Cash5.91Total debt11.57Net cash (debt)−5.66Shareholders’ equity12.83Debt to equity0.90Fiscal year 2023Cash2.23Total debt14.14Net cash (debt)−11.91Shareholders’ equity11.23Debt to equity1.26Fiscal year 2024Cash3.81Total debt14.15Net cash (debt)−10.35Shareholders’ equity13.43Debt to equity1.05Fiscal year 2025Cash4.76Total debt13.90Net cash (debt)−9.14Shareholders’ equity14.67Debt to equity0.95Fiscal year 2026Cash5.49Total debt14.40Net cash (debt)−8.91Shareholders’ equity16.17Debt to equity0.89
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.51 2.64 1.56 2.58 8.51 5.91 2.23 3.81 4.76 5.49
Total debt 13.43 10.71 11.30 10.15 10.64 11.57 14.14 14.15 13.90 14.40
Net cash (debt) −10.92 −8.07 −9.74 −7.58 −2.13 −5.66 −11.91 −10.35 −9.14 −8.91
Shareholders’ equity 10.92 11.65 11.30 11.83 14.44 12.83 11.23 13.43 14.67 16.17
Debt to equity 1.23 0.92 1.00 0.86 0.74 0.90 1.26 1.05 0.95 0.89

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Jan 2017 FY2018 3 Feb 2018 FY2019 2 Feb 2019 FY2020 1 Feb 2020 FY2021 30 Jan 2021 FY2022 29 Jan 2022 FY2023 28 Jan 2023 FY2024 3 Feb 2024 FY2025 1 Feb 2025 FY2026 31 Jan 2026
Revenue and profit
70.27 72.71 75.36 78.11 93.56 106.01 109.12 107.41 106.57 104.78
Growth +3.5% +3.6% +3.7% +19.8% +13.3% +2.9% −1.6% −0.8% −1.7%
49.15 51.13 53.30 54.86 66.18 74.96 82.31 77.83 76.50 75.51
20.35 20.75 n/a n/a n/a n/a n/a n/a n/a n/a
Growth +2.0%
14.22 15.14 15.72 16.23 18.62 19.75 20.58 21.46 21.97 21.54
4.86 4.22 4.11 4.66 6.54 8.95 3.85 5.71 5.57 5.12
Growth −13.2% −2.7% +13.3% +40.4% +36.8% −57.0% +48.3% −2.5% −8.1%
3.96 3.63 3.68 4.19 5.55 8.91 3.42 5.30 5.26 4.77
1.30 0.72 0.75 0.92 1.18 1.96 0.64 1.16 1.17 1.06
n/a n/a n/a n/a 4.37 6.95 2.78 4.14 4.09 3.71
Growth +59.0% −60.0% +48.8% −1.1% −9.4%
Per share
4.73 5.32 5.55 6.42 8.72 14.23 6.02 8.96 8.89 8.16
4.69 5.29 5.51 6.36 8.64 14.10 5.98 8.94 8.86 8.13
Growth +12.8% +4.2% +15.4% +35.8% +63.2% −57.6% +49.5% −0.9% −8.2%
577.6 546.8 528.6 510.9 500.6 488.1 462.1 461.5 460.4 454.1
582.5 550.3 533.2 515.6 505.4 492.7 464.7 462.8 461.8 455.6
Growth −5.5% −3.1% −3.3% −2.0% −2.5% −5.7% −0.4% −0.2% −1.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.3% a year over five years, and earnings per share fell 1.2% a year.
  • The diluted share count fell 9.9% in five years, so buybacks did some of the work per share.
  • Operating margin is down 2.1 points on five years ago, at 4.9%.
  • Profitable in every one of the 6 years on file.