Target Corporation

Consumer Staples Consumer Staples Merchandise Retail Minneapolis, Minnesota Last filing Mar 11, 2026 · FY2026

                    Revenue
                    FY2026
                
$104.8B
                    3y CAGR -1.3%
                    
                    P40
                    
                    -1.7%
                    
                    Net income
                    FY2026
                
$3.7B
                    Net margin +3.5%
                    
                    P53
                    
                    -9.4%
                    
                    Total assets
                    FY2026
                
$59.5B
                    ROA +6.2%
                    
                    P60
                    
                    +3.0%
                    
                    Operating cash flow
                    FY2026
                
$6.6B
                    FCF margin +2.7%
                    
                    P21
                    
                    -10.9%

19 yrs · FY2008–FY2026 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

22 accounts · 10 years

Total assets $59.5B

Total liabilities ~$43.3B

Shareholders equity $16.2B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	+15.2%	+25.2%	+70.7%	-62.3%	-30.5%	+230.3%	+65.6%	-41.1%	+5.2%	—
Inventory	-3.4%	+7.2%	-11.9%	-2.9%	+30.5%	+18.5%	-5.3%	+9.7%	+4.2%	—
Other Current Assets	+13.4%	+8.0%	-14.7%	+20.3%	+10.6%	+19.4%	-9.1%	+16.0%	+8.1%	—
Total Current Assets	+2.8%	+11.2%	-2.0%	-17.3%	+3.9%	+60.9%	+3.1%	-0.4%	+4.8%	—
Property,Plant and Equipment	+2.2%	-0.2%	+5.0%	+11.8%	+4.8%	+2.3%	+2.9%	+2.1%	+1.5%	—
Operating Lease Assets	-1.6%	+11.9%	+26.5%	+4.0%	+14.8%	-0.4%	+13.8%	—	—	—
Other Noncurrent Assets	+32.9%	+9.3%	+6.1%	-12.1%	+8.3%	+2.1%	+6.7%	-10.2%	+81.0%	—
Total Assets	+3.0%	+4.4%	+3.8%	-0.9%	+5.0%	+19.8%	+3.6%	+5.9%	+4.2%	—
Liabilities
Accounts Payable	-3.3%	+7.9%	-10.3%	-12.9%	+20.4%	+29.6%	+1.6%	+12.5%	+19.6%	—
Accrued Liabilities	+6.0%	+0.3%	+3.5%	-3.5%	-0.4%	+38.9%	+4.9%	-1.2%	+13.8%	—
Current Portion of Long Term Debt	+30.2%	+46.6%	+758.5%	-24.0%	-85.1%	+610.6%	-84.7%	+289.6%	-84.3%	—
Total Current Liabilities	+2.1%	+7.7%	-1.0%	-10.3%	+8.1%	+38.9%	-3.5%	+13.7%	+3.9%	—
Long Term Debt	+0.2%	-4.1%	-6.8%	+18.2%	+17.4%	+1.7%	+10.9%	-9.7%	+2.6%	—
Operating Lease Liabilities Noncurrent	-3.4%	+9.2%	+24.3%	+5.8%	+12.4%	-2.5%	+13.5%	—	—	—
Deferred Tax Liabilities	-1.7%	-7.1%	+12.9%	+40.2%	+58.2%	-11.8%	+15.4%	+36.3%	-17.2%	—
Other Noncurrent Liabilities	-3.5%	+9.1%	+10.2%	+8.0%	-16.0%	+12.5%	-3.1%	-13.6%	+9.6%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	-2.6%	-7.1%	+0.0%	-2.3%	-4.4%	-2.2%	—
Additional Paid In Capital	+3.6%	+3.5%	+2.3%	+2.9%	+1.5%	+1.7%	+3.0%	+3.1%	+3.5%	—
Retained Earnings	+14.9%	+14.1%	+41.7%	-27.7%	-21.6%	+37.2%	+6.9%	-8.2%	+11.4%	—
Accumulated Other Comprehensive Income	+9.0%	+0.4%	-9.8%	+24.2%	+26.9%	+12.9%	-7.8%	-7.8%	-17.1%	—
Total Stockholders Equity	+10.2%	+9.2%	+19.6%	-12.4%	-11.2%	+22.0%	+4.7%	-3.5%	+6.9%	—
Total Liabilitiesand Equity	+3.0%	+4.4%	+3.8%	-0.9%	+5.0%	+19.8%	+3.6%	+5.9%	+4.2%	—

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $104.8B

Operating income $5.1B

Net income $3.7B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	-1.7%	-0.8%	-1.6%	+2.9%	+13.3%	+19.8%	+3.7%	+3.6%	+3.5%	—
Expenses Cost of Revenue	-1.3%	-1.7%	-5.4%	+9.8%	+13.3%	+20.6%	+2.9%	+4.3%	+4.0%	—
Expenses Selling,General and Administrative	-2.0%	+2.4%	+4.3%	+4.2%	+6.1%	+14.7%	+3.2%	+3.9%	+6.5%	—
Expenses Depreciation and Amortization	+3.5%	+4.7%	+1.3%	+1.7%	+5.1%	-5.4%	+6.0%	-0.0%	—	—
Other Income Expense Operating Income	-8.1%	-2.5%	+48.3%	-57.0%	+36.8%	+40.4%	+13.3%	-2.7%	-13.2%	—
Other Income Expense Interest Expense	+8.3%	-18.1%	+5.0%	+13.5%	-56.9%	+104.8%	+3.5%	-29.4%	-34.1%	—
Other Income Expense Other Income/expense	-10.4%	+15.2%	+91.7%	-87.4%	+2487.5%	-277.8%	-66.7%	-54.2%	-33.0%	—
Other Income Expense Income Before Tax	-9.4%	+0.0%	+55.9%	-61.8%	+61.8%	+31.0%	+14.3%	+1.3%	-8.4%	—
Income Tax Income Tax Expense	-9.2%	+0.9%	+81.7%	-67.5%	+66.5%	+27.9%	+23.5%	+3.3%	-44.2%	—
net Income net Income	-9.4%	-1.1%	+48.8%	-60.0%	+59.0%	+33.1%	+11.7%	+0.8%	+6.6%	—
net Income Comprehensive Income	-8.5%	-0.1%	+40.6%	-59.2%	+59.6%	+39.2%	+11.8%	-2.1%	+7.8%	—
Earnings Per Share Basic Eps	-8.2%	-0.8%	+48.8%	-57.7%	+63.2%	+35.8%	+15.7%	+4.3%	+12.5%	—
Earnings Per Share Diluted Eps	-8.2%	-0.9%	+49.5%	-57.6%	+63.2%	+35.8%	+15.4%	+4.2%	+12.8%	—
Earnings Per Share Weighted Average Shares Diluted	-1.3%	-0.2%	-0.4%	-5.7%	-2.5%	-2.0%	-3.3%	-3.1%	-5.5%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 10 years

Operating cash flow $6.6B

Investing cash flow $-3.6B

Financing cash flow $-2.2B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	-9.4%	-1.1%	+48.8%	-60.0%	+59.0%	+33.1%	+11.7%	+0.8%	+6.6%	—
Operating Activities Depreciation and Amortization	+5.1%	+6.4%	+3.7%	+2.2%	+6.3%	-4.6%	+5.3%	-0.1%	+6.8%	—
Operating Activities Stock Based Compensation	-7.6%	+21.1%	+14.1%	-3.5%	+14.0%	+36.1%	+11.4%	+17.9%	-0.9%	—
Operating Activities Deferred Income Taxes	+69.4%	-160.4%	-48.8%	+11.5%	+383.7%	-203.4%	-44.7%	+271.3%	-570.0%	—
Operating Activities Changes In Operating Assets and Liabilities	-377.9%	-86.0%	+142.7%	-68.6%	-147.3%	+254.8%	+4970.6%	-98.6%	+679.1%	—
Operating Activities Other Non Cash Items	-484.6%	-72.3%	-45.3%	+164.2%	-144.8%	+949.1%	-41.8%	-75.8%	-21.8%	—
Operating Activities net Cash From Operating Activities	-10.9%	-14.5%	+114.6%	-53.4%	-18.1%	+47.9%	+19.2%	-13.9%	+27.4%	—
Investing Activities Capital Expenditures	-28.9%	+39.8%	+13.1%	-56.0%	-33.8%	+12.5%	+13.9%	-38.8%	-63.7%	—
Investing Activities Other Investing Activities	+151.6%	-32.6%	+91.7%	-93.8%	+572.4%	-30.1%	-17.0%	+516.7%	-132.4%	—
Investing Activities net Cash From Investing Activities	-27.6%	+39.9%	+13.5%	-74.5%	-21.7%	+12.0%	+13.8%	-11.1%	-108.8%	—
Financing Activities Proceeds From Debt	+167.7%	—	-100.0%	+33.1%	-20.5%	+42.6%	—	-100.0%	-62.6%	—
Financing Activities Repayment of Debt	-44.2%	-674.8%	+9.8%	+85.8%	+52.5%	-16.7%	-636.3%	+87.2%	+17.3%	—
Financing Activities Repurchase of Common Stock	+59.5%	—	+100.0%	+63.2%	-864.8%	+52.4%	+26.3%	-103.1%	+71.8%	—
Financing Activities Dividends Paid	-0.3%	-1.7%	-9.5%	-18.6%	-15.3%	-1.0%	+0.4%	+0.2%	+0.7%	—
Financing Activities Tax Withholding On Stock Based Compensation	+32.3%	+22.0%	+29.4%	-7.1%	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	+38.4%	-55.4%	-4.1%	+72.8%	-303.6%	+36.5%	+13.5%	+2.3%	+32.3%	—
Cash Reconciliation net Change In Cash	-24.1%	-39.3%	+142.8%	-41.6%	-143.8%	+481.2%	+193.9%	-929.8%	+108.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+27.9%	+28.2%	+27.5%	+24.6%	+29.3%	+29.3%	+29.8%	+29.3%	+29.7%	+30.1%
Operating margin	+4.9%	+5.2%	+5.3%	+3.5%	+8.4%	+7.0%	+6.0%	+5.5%	+5.8%	+6.9%
Net margin	+3.5%	+3.8%	+3.9%	+2.5%	+6.6%	+4.7%	+4.2%	+3.9%	+4.0%	+3.9%
FCF margin	+2.7%	+4.2%	+3.6%	-1.4%	+4.8%	+8.4%	+5.2%	+3.3%	+6.1%	+5.5%
Growth
Revenue CAGR (3y)	-1.3%	+0.2%	+4.7%	+11.8%	+12.0%	+8.8%	+3.6%	+0.7%	+0.0%	-0.5%
Returns
ROE	+22.9%	+27.9%	+30.8%	+24.8%	+54.2%	+30.2%	+27.7%	+26.0%	+24.9%	+25.0%
ROA	+6.2%	+7.1%	+7.5%	+5.2%	+12.9%	+8.5%	+7.7%	+7.1%	+7.5%	+7.3%
ROIC	+14.7%	+16.8%	+17.4%	+12.4%	+33.8%	+27.6%	+17.5%	+15.6%	+16.4%	+15.4%
Liquidity
Current ratio	0.94x	0.94x	0.91x	0.92x	0.99x	1.03x	0.89x	0.83x	0.95x	0.94x
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.68x	2.94x	3.12x	3.75x	3.20x	2.55x	2.62x	2.65x	2.33x	2.42x
Interest coverage	11.50x	13.54x	11.37x	8.05x	21.25x	6.69x	9.77x	8.92x	6.47x	4.91x
Efficiency
Asset turnover	1.76x	1.84x	1.94x	2.05x	1.97x	1.83x	1.83x	1.83x	1.86x	1.88x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Target Corporation

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