Target TGT

General merchandise retail. Target Corporation, listed on NYSE.

Based on the FY2026 annual report (Feb 2025 – Jan 2026)

Target's market cap is
about $71.76 billion.

#166 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $104.78B.

Share price (close): $157.95; Close on Nov 5, 2026 · per share
P/E ratio: 19.4x; Closing price ÷ latest annual EPS
Market cap: $71.76B; #166 of 289
Revenue: $104.78B; #34 of 299 · −1.7% YoY
Operating income: $5.117B; #79 of 231 · −8.1% YoY
Net income: $3.705B; #117 of 298 · −9.4% YoY
Free cash flow: $2.835B; #132 of 261 · −36.7% YoY
Total assets: $59.49B; #131 of 299 · +3.0% YoY
Dividends paid: $2.053B; #72 of 214 · +0.3% YoY
Dividend per share: $4.54; #54 of 205 · +1.8% YoY
Dividend yield: 2.9%; #43 of 203
Shares outstanding: 452,840,187 shares; As of Jan 31, 2026

Size, put in perspective

Revenue every second$3,320$287M a day

Net income every second$117$10.2M a day

Buying Kroger with a year's profit8.7% of itBased on Kroger's market cap of about $42.49 billion

Market cap vs Kroger1.7×Target ÷ Kroger

Calculated from the FY2026 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue72.1%
SG&A and other23.1%
Taxes, interest & other1.3%
Net income3.5%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: −1.7%; #269 of 299; Revenue fell from a year earlier. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: 4.9%; #197 of 231; 4.9% of revenue was kept as operating profit, which is on the low side. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 3.5%; #258 of 298; After taxes, 3.5% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 2.7%; #228 of 261; Little cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 24.0%; #99 of 276; Earns a lot relative to its equity. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 268.0%; #174 of 244; Liabilities are more than twice equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$6.562B
Capital spending−$3.727B
Free cash flow (FCF)$2.835B
Dividends paid−$2.053B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 73%Equity 27%

Total assets$59.49B
Total liabilities$43.325B
Total equity$16.165B
Cash and equivalents$5.488B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
TargetTGT	$104.78B	$3.705B	−1.7%	4.9%	3.5%
KrogerKR	$147.642B	$1.016B	+0.3%	1.3%	0.7%
CostcoCOST	$303.154B	$9.226B	+10.1%	3.9%	3.0%
WalmartWMT	$706.413B	$21.893B	+4.7%	4.2%	3.1%

Head-to-head comparisons

What the company does

Target is a large US discount chain selling household goods, groceries and apparel.

The fiscal year ends around January each year.

Related companies: Kroger, Costco, Walmart

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	106.005B	109.12B	107.412B	106.566B	104.78B
Cost of revenue	74.963B	82.306B	77.828B	76.502B	75.511B
Gross profit	31.042B	26.814B	29.584B	30.064B	29.269B
Operating income	8.946B	3.848B	5.707B	5.566B	5.117B
Pretax income	8.907B	3.418B	5.297B	5.261B	4.767B
Net income	6.946B	2.78B	4.138B	4.091B	3.705B
EPS (diluted)	$14.10	$5.98	$8.94	$8.86	$8.13
Operating cash flow	8.625B	4.018B	8.621B	7.367B	6.562B
Capital expenditures	3.544B	5.528B	4.806B	2.891B	3.727B
Free cash flow (FCF)	5.081B	−1.51B	3.815B	4.476B	2.835B
Dividends paid	1.548B	1.836B	2.011B	2.046B	2.053B
Total assets	53.811B	53.335B	55.356B	57.769B	59.49B
Total liabilities	40.984B	42.103B	41.924B	43.103B	43.325B
Total equity	12.827B	11.232B	13.432B	14.666B	16.165B
Cash and equivalents	5.911B	2.229B	3.805B	4.762B	5.488B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Target Corporation · CIK 0000027419 · US-GAAP