InsiderClue
Stocks · Consumer staples · Retail-Variety Stores

Target Corporation

TGT Clue Score37
United States Fiscal year ends February CIK 0000027419
$153.62 -0.01% Close, 12 Oct 2026
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Price $153.62 −33.28% Close, 12 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

Balance sheet

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
Assets
2.51 2.64 1.56 2.58 8.51 5.91 2.23 3.81 4.76 5.49
8.31 8.60 9.50 8.99 10.65 13.90 13.50 11.89 12.74 12.30
24.66 24.54 25.53 26.28 26.88 28.18 31.51 33.10 n/a n/a
0.13 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63
37.43 40.30 41.29 42.78 51.25 53.81 53.34 55.36 57.77 59.49
Growth +7.7% +2.4% +3.6% +19.8% +5.0% −0.9% +3.8% +4.4% +3.0%
Liabilities
1.72 0.27 1.05 0.16 n/a n/a n/a n/a n/a n/a
11.72 10.44 10.25 9.99 10.64 11.57 14.14 14.15 13.90 14.40
calc 13.43 10.71 11.30 10.15 10.64 11.57 14.14 14.15 13.90 14.40
Equity
5.88 6.50 6.02 6.43 8.83 6.92 5.01 7.09 8.09 9.30
10.92 11.65 11.30 11.83 14.44 12.83 11.23 13.43 14.67 16.17
Growth +6.7% −3.0% +4.7% +22.0% −11.2% −12.4% +19.6% +9.2% +10.2%
Per share and net cash
calc −10.92 −8.07 −9.74 −7.58 −2.13 −5.66 −11.91 −10.35 −9.14 −8.91
556.2 541.7 517.8 504.2 500.9 471.3 460.3 461.7 455.6 452.8
calc 19.63 21.51 21.82 23.47 28.83 27.22 24.40 29.09 32.19 35.70

Lines marked calc are worked out here from filed figures; point at one for how.