Cash flow Target Corporation

Stocks

TGT

US87612E1064

Discount Stores

Market Closed - NYSE Other stock markets 21:02:48 10/06/2026 BST			After hours 01:00:00
127.98 ^USD	+1.08%		120.16	-6.11%

01:40am	Target investors reject proposal for independent board chair, sources say	RE
06-05	Target Recalls Baby Wipes Over Bacterial Contamination	MT

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Published financial data: TARGET CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2022	2023	2024	2025	2026
Revenues	105B	108B	106B	107B	105B
Other Revenues, Total	1.39B	1.53B	1.61B	-	-
Total Revenues	106B	109B	107B	107B	105B
Cost of Goods Sold, Total	74.96B	82.23B	77.74B	76.5B	75.51B
Gross Profit	31.04B	26.89B	29.68B	30.06B	29.27B
Selling General & Admin Expenses, Total	19.64B	20.55B	21.36B	21.8B	21.71B
Depreciation & Amortization - (IS)	2.34B	2.38B	2.42B	2.53B	2.62B
Other Operating Expenses, Total	21.98B	22.93B	23.78B	24.32B	24.33B
Operating Income	9.06B	3.96B	5.9B	5.74B	4.94B
Interest Expense, Total	-421M	-478M	-502M	-411M	-445M
Net Interest Expenses	-421M	-478M	-502M	-411M	-445M
Other Non Operating Income (Expenses)	18M	2M	1M	1M	-
EBT, Excl. Unusual Items	8.66B	3.48B	5.4B	5.33B	4.49B
Restructuring Charges	-	-	-	-	-250M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	335M	-	-	-	-
Asset Writedown	-87M	-66M	-102M	-68M	-69M
Legal Settlements	-	-	-	-	593M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	8.91B	3.42B	5.3B	5.26B	4.77B
Income Tax Expense	1.96B	638M	1.16B	1.17B	1.06B
Earnings From Continuing Operations	6.95B	2.78B	4.14B	4.09B	3.7B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	6.95B	2.78B	4.14B	4.09B	3.7B
Net Income - (IS)	6.95B	2.78B	4.14B	4.09B	3.7B
Net Income to Common Incl Extra Items	6.95B	2.78B	4.14B	4.09B	3.7B
Net Income to Common Excl. Extra Items	6.95B	2.78B	4.14B	4.09B	3.7B
Per Share Items
Net EPS - Basic	14.23	6.02	8.97	8.89	8.16
Basic EPS - Continuing Operations	14.23	6.02	8.97	8.89	8.16
Basic Weighted Average Shares Outstanding	488M	462M	462M	460M	454M
Net EPS - Diluted	14.1	5.98	8.94	8.86	8.13
Diluted EPS - Continuing Operations	14.1	5.98	8.94	8.86	8.13
Diluted Weighted Average Shares Outstanding	493M	465M	463M	462M	456M
Normalized Basic EPS	11.09	4.71	7.31	7.23	6.18
Normalized Diluted EPS	10.98	4.69	7.29	7.21	6.16
Dividend Per Share	3.16	3.96	4.36	4.44	4.52
Payout Ratio	22.29	66.04	48.6	50.01	55.41
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	11.7B	6.66B	8.7B	8.72B	8.07B
EBITA	9.06B	3.96B	5.9B	5.74B	4.94B
EBIT	9.06B	3.96B	5.9B	5.74B	4.94B
EBITDAR	12.07B	7.11B	9.23B	9.35B	8.74B
Total Revenues (As Reported)	106B	109B	107B	-	-
Effective Tax Rate - (Ratio)	22.02	18.67	21.88	22.24	22.28
Current Domestic Taxes	1.44B	-51M	764M	1.25B	1.02B
Current Foreign Taxes	3M	107M	97M	101M	96M
Total Current Taxes	1.44B	56M	861M	1.35B	1.12B
Deferred Domestic Taxes	521M	583M	299M	-182M	-61M
Deferred Foreign Taxes	1M	-1M	-1M	2M	6M
Total Deferred Taxes	522M	582M	298M	-180M	-55M
Normalized Net Income	5.41B	2.18B	3.37B	3.33B	2.81B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	68M	68M	71M	77M	79M
Non-Cash Pension Expense	-29M	-46M	-91M	-105M	-95M
Supplemental Operating Expense Items
Advertising Expense	1.5B	1.5B	1.4B	1.5B	1.5B
Selling and Marketing Expenses	1.5B	1.5B	1.4B	1.5B	1.5B
Net Rental Expense, Total	369M	448M	530M	626M	667M
Imputed Operating Lease Interest Expense	78.72M	96.19M	109M	104M	118M
Imputed Operating Lease Depreciation	290M	352M	421M	522M	549M
Stock-Based Comp., SG&A Exp. (Total)	238M	224M	255M	307M	282M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	238M	224M	255M	307M	282M

Fiscal Period: January	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	5.91B	2.23B	3.8B	4.76B	5.49B
Trading Asset Securities, Total	17M	-	-	-	-
Total Cash And Short Term Investments	5.93B	2.23B	3.8B	4.76B	5.49B
Accounts Receivable, Total	835M	1.17B	891M	998M	1.26B
Other Receivables	518M	526M	513M	543M	542M
Total Receivables	1.35B	1.7B	1.4B	1.54B	1.81B
Inventory	13.9B	13.5B	11.89B	12.74B	12.3B
Prepaid Expenses	170M	188M	201M	226M	223M
Other Current Assets, Total	220M	235M	202M	185M	183M
Total Current Assets	21.57B	17.85B	17.5B	19.45B	20B
Gross Property Plant And Equipment	51.87B	56.8B	60.87B	63.06B	65.84B
Accumulated Depreciation	-21.14B	-22.63B	-24.41B	-26.28B	-28.39B
Net Property Plant And Equipment	30.74B	34.17B	36.46B	36.78B	37.45B
Long-term Investments	135M	7M	-	-	-
Goodwill	631M	631M	631M	631M	631M
Other Intangibles, Total	25M	14M	8M	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	710M	668M	761M	899M	1.4B
Total Assets	53.81B	53.34B	55.36B	57.77B	59.49B
Liabilities
Accounts Payable, Total	15.48B	13.49B	12.1B	13.05B	12.62B
Accrued Expenses, Total	2.91B	2.36B	2.68B	2.64B	2.72B
Current Portion of Long-Term Debt	63M	1M	997M	1.5B	2B
Current Portion of Leases	362M	425M	448M	489M	503M
Current Income Taxes Payable	-	-	-	334M	440M
Unearned Revenue Current, Total	1.2B	1.24B	1.16B	1.21B	1.2B
Other Current Liabilities	1.73B	1.99B	1.92B	1.57B	1.75B
Total Current Liabilities	21.75B	19.5B	19.3B	20.8B	21.23B
Long-Term Debt	11.58B	14.15B	13.15B	12.28B	12.34B
Long-Term Leases	4.46B	4.58B	5.17B	5.61B	5.44B
Unearned Revenue Non Current	479M	449M	419M	388M	358M
Pension & Other Post Retirement Benefits	45M	37M	33M	31M	-
Deferred Tax Liability Non Current	1.57B	2.2B	2.48B	2.3B	2.26B
Other Non Current Liabilities	1.1B	1.19B	1.36B	1.7B	1.68B
Total Liabilities	40.98B	42.1B	41.92B	43.1B	43.32B
Common Stock, Total	39M	38M	38M	38M	38M
Additional Paid In Capital	6.42B	6.61B	6.76B	7B	7.25B
Retained Earnings	6.92B	5B	7.09B	8.09B	9.3B
Comprehensive Income and Other	-553M	-419M	-460M	-458M	-417M
Total Common Equity	12.83B	11.23B	13.43B	14.67B	16.16B
Total Equity	12.83B	11.23B	13.43B	14.67B	16.16B
Total Liabilities And Equity	53.81B	53.34B	55.36B	57.77B	59.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	462M	460M	462M	456M	453M
ECS Total Common Shares Outstanding	471M	460M	462M	456M	453M
Book Value / Share	27.22	24.4	29.09	32.19	35.7
Tangible Book Value	12.17B	10.59B	12.79B	14.04B	15.53B
Tangible Book Value Per Share	25.83	23	27.71	30.81	34.3
Total Debt	16.47B	19.15B	19.77B	19.88B	20.29B
Net Debt	10.54B	16.92B	15.96B	15.11B	14.8B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-72M	-28M	-18M	-82M	-194M
Debt Equivalent Oper. Leases	2.95B	3.58B	4.24B	5.01B	5.34B
Account Code - Inventory Valuation	4	4	4	4	4
Land - (BS)	6.16B	6.23B	6.55B	6.74B	7.02B
Buildings, Total	30.66B	32.45B	34.85B	36.34B	38.06B
Machinery, Total	8.91B	10.48B	12.19B	12.63B	13.4B
Full Time Employees	450K	440K	415K	440K	415K

Fiscal Period: January	2022	2023	2024	2025	2026
Net Income	6.95B	2.78B	4.14B	4.09B	3.7B
Depreciation & Amortization - CF	2.64B	2.7B	2.8B	2.98B	3.13B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	2.64B	2.7B	2.8B	2.98B	3.13B
(Gain) Loss From Sale Of Asset	-268M	172M	94M	26M	-100M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	228M	220M	251M	304M	281M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	522M	582M	298M	-180M	-55M
Change In Inventories	-3.25B	403M	1.61B	-854M	436M
Change In Accounts Payable	2.63B	-2.24B	-1.22B	1.01B	-501M
Change in Other Net Operating Assets	-824M	-602M	642M	-9M	-338M
Cash from Operations	8.62B	4.02B	8.62B	7.37B	6.56B
Capital Expenditure	-3.54B	-5.53B	-4.81B	-2.89B	-3.73B
Sale of Property, Plant, and Equipment	27M	8M	24M	3M	-
Cash Acquisitions	-	-	-	-	-
Divestitures	356M	-	-	-	-
Investment in Marketable and Equity Securities, Total	7M	16M	22M	28M	-
Other Investing Activities, Total	-	-	-	-	78M
Cash from Investing	-3.15B	-5.5B	-4.76B	-2.86B	-3.65B
Long-Term Debt Issued, Total	1.97B	2.62B	-	741M	1.98B
Total Debt Issued	1.97B	2.62B	-	741M	1.98B
Long-Term Debt Repaid, Total	-1.15B	-163M	-147M	-1.14B	-1.64B
Total Debt Repaid	-1.15B	-163M	-147M	-1.14B	-1.64B
Issuance of Common Stock	8M	4M	-	-	-
Repurchase of Common Stock	-7.36B	-2.83B	-127M	-1.11B	-475M
Common Dividends Paid	-1.55B	-1.84B	-2.01B	-2.05B	-2.05B
Common & Preferred Stock Dividends Paid	-1.55B	-1.84B	-2.01B	-2.05B	-2.05B
Cash from Financing	-8.07B	-2.2B	-2.28B	-3.55B	-2.19B
Net Change in Cash	-2.6B	-3.68B	1.58B	957M	726M
Supplemental Items
Cash Interest Paid	414M	449M	605M	615M	629M
Cash Income Tax Paid (Refund)	2.06B	213M	374M	1.06B	1.09B
Levered Free Cash Flow	3.89B	-2.65B	2.33B	3.68B	2.59B
Unlevered Free Cash Flow	4.15B	-2.35B	2.65B	3.94B	2.87B
Change In Net Working Capital	848M	2.22B	-709M	48M	-93M
Net Debt Issued / Repaid	825M	2.46B	-147M	-398M	341M

Fiscal Period: January	2022	2023	2024	2025	2026
Profitability
Return on Assets	10.78	4.62	6.79	6.34	5.26
Return on Total Capital	19.25	8.29	11.6	10.61	8.69
Return On Equity %	50.95	23.11	33.55	29.12	24.03
Return on Common Equity	50.95	23.11	33.55	29.12	24.03
Margin Analysis
Gross Profit Margin %	29.28	24.64	27.63	28.21	27.93
SG&A Margin	18.52	18.83	19.89	20.45	20.72
EBITDA Margin %	11.04	6.1	8.1	8.18	7.7
EBITA Margin %	8.55	3.63	5.49	5.39	4.71
EBIT Margin %	8.55	3.63	5.49	5.39	4.71
Income From Continuing Operations Margin %	6.55	2.55	3.85	3.84	3.54
Net Income Margin %	6.55	2.55	3.85	3.84	3.54
Net Avail. For Common Margin %	6.55	2.55	3.85	3.84	3.54
Normalized Net Income Margin	5.11	2	3.14	3.13	2.68
Levered Free Cash Flow Margin	3.67	-2.43	2.17	3.45	2.47
Unlevered Free Cash Flow Margin	3.92	-2.15	2.46	3.69	2.74
Asset Turnover
Asset Turnover	2.02	2.04	1.98	1.88	1.79
Fixed Assets Turnover	3.54	3.36	3.04	2.91	2.82
Receivables Turnover (Average Receivables)	142.72	107.37	102.72	112.83	92.6
Inventory Turnover (Average Inventory)	6.11	6	6.12	6.21	6.03
Short Term Liquidity
Current Ratio	0.99	0.92	0.91	0.94	0.94
Quick Ratio	0.33	0.2	0.27	0.3	0.34
Operating Cash Flow to Current Liabilities	0.4	0.21	0.45	0.35	0.31
Days Sales Outstanding (Average Receivables)	2.55	3.39	3.61	3.23	3.93
Days Outstanding Inventory (Average Inventory)	59.62	60.65	60.58	58.59	60.36
Average Days Payable Outstanding	65.94	64.42	62.35	59.17	62.24
Cash Conversion Cycle (Average Days)	-3.77	-0.39	1.84	2.64	2.05
Long Term Solvency
Total Debt/Equity	128.38	170.53	147.18	135.52	125.52
Total Debt / Total Capital	56.21	63.04	59.54	57.54	55.66
LT Debt/Equity	125.06	166.74	136.42	121.96	110.04
Long-Term Debt / Total Capital	54.76	61.63	55.19	51.78	48.79
Total Liabilities / Total Assets	76.16	78.94	75.74	74.61	72.83
EBIT / Interest Expense	21.52	8.28	11.75	13.96	11.1
EBITDA / Interest Expense	28.68	14.87	18.39	22.74	19.64
(EBITDA - Capex) / Interest Expense	20.26	3.31	8.81	15.71	11.26
Total Debt / EBITDA	1.36	2.69	2.14	2.13	2.32
Net Debt / EBITDA	0.87	2.38	1.73	1.62	1.69
Total Debt / (EBITDA - Capex)	1.93	12.12	4.47	3.08	4.05
Net Debt / (EBITDA - Capex)	1.24	10.71	3.61	2.34	2.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.3	2.94	-1.57	-0.79	-1.68
Gross Profit, 1 Yr. Growth %	12.43	-13.37	10.36	1.62	-2.64
EBITDA, 1 Yr. Growth %	25.59	-43.1	30.65	0.22	-7.43
EBITA, 1 Yr. Growth %	32.6	-56.3	48.99	-2.73	-13.96
EBIT, 1 Yr. Growth %	32.6	-56.3	48.99	-2.73	-13.96
Earnings From Cont. Operations, 1 Yr. Growth %	59.02	-59.98	48.85	-1.14	-9.44
Net Income, 1 Yr. Growth %	59.02	-59.98	48.85	-1.14	-9.44
Normalized Net Income, 1 Yr. Growth %	36.45	-59.76	54.97	-1.3	-15.69
Diluted EPS Before Extra, 1 Yr. Growth %	63.19	-57.59	49.5	-0.89	-8.24
Accounts Receivable, 1 Yr. Growth %	32.33	40	-23.78	12.01	26.75
Inventory, 1 Yr. Growth %	30.5	-2.9	-11.95	7.18	-3.42
Net Property, Plant and Equip., 1 Yr. Growth %	5.6	11.17	6.7	0.9	1.81
Total Assets, 1 Yr. Growth %	5	-0.88	3.79	4.36	2.98
Tangible Book Value, 1 Yr. Growth %	-11.63	-13.01	20.84	9.64	10.68
Common Equity, 1 Yr. Growth %	-11.17	-12.43	19.59	9.19	10.22
Cash From Operations, 1 Yr. Growth %	-18.05	-53.41	114.56	-14.55	-10.93
Capital Expenditures, 1 Yr. Growth %	33.79	55.98	-13.06	-39.85	28.92
Levered Free Cash Flow, 1 Yr. Growth %	-42.06	-168.09	-188.1	57.71	-29.65
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.71	-156.58	-212.66	48.72	-27.18
Dividend Per Share, 1 Yr. Growth %	17.91	25.32	10.1	1.83	1.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.49	8	0.66	-1.18	-1.23
Gross Profit, 2 Yr. CAGR %	15.55	-0.9	-2.22	5.89	-0.53
EBITDA, 2 Yr. CAGR %	26.34	-14.42	-13.78	14.42	-3.68
EBITA, 2 Yr. CAGR %	38.44	-22.59	-19.31	20.38	-8.52
EBIT, 2 Yr. CAGR %	38.44	-22.59	-19.31	20.38	-8.52
Earnings From Cont. Operations, 2 Yr. CAGR %	45.77	-20.22	-22.82	21.31	-5.38
Net Income, 2 Yr. CAGR %	45.5	-20.22	-22.82	21.31	-5.38
Normalized Net Income, 2 Yr. CAGR %	43.19	-24.55	-21.04	23.68	-8.78
Diluted EPS Before Extra, 2 Yr. CAGR %	49.13	-16.81	-20.37	21.72	-4.64
Accounts Receivable, 2 Yr. CAGR %	29.49	36.11	3.3	-7.6	19.15
Inventory, 2 Yr. CAGR %	24.34	12.57	-7.53	-2.85	1.74
Net Property, Plant and Equip., 2 Yr. CAGR %	3.82	8.35	8.91	3.76	1.35
Total Assets, 2 Yr. CAGR %	12.16	2.02	1.43	4.07	3.67
Tangible Book Value, 2 Yr. CAGR %	4.49	-12.32	2.52	15.14	10.16
Common Equity, 2 Yr. CAGR %	4.12	-11.8	2.33	14.27	9.7
Cash From Operations, 2 Yr. CAGR %	10.09	-38.21	-0.02	35.41	-12.76
Capital Expenditures, 2 Yr. CAGR %	8.2	44.46	16.45	-27.68	-11.94
Levered Free Cash Flow, 2 Yr. CAGR %	6.91	-36.52	-22.55	17.88	5.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.02	-41.49	-20.16	29.44	4.03
Dividend Per Share, 2 Yr. CAGR %	10.24	21.56	17.46	5.89	1.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.05	11.79	4.71	0.18	-1.34
Gross Profit, 3 Yr. CAGR %	12.06	4.97	2.72	-1.06	2.96
EBITDA, 3 Yr. CAGR %	20.43	-3.15	-1.46	-9.34	6.62
EBITA, 3 Yr. CAGR %	28.8	-5.74	-3.71	-14.12	7.63
EBIT, 3 Yr. CAGR %	28.94	-5.74	-3.71	-14.12	7.63
Earnings From Cont. Operations, 3 Yr. CAGR %	33.34	-5.26	-1.79	-16.18	10.05
Net Income, 3 Yr. CAGR %	33.23	-5.37	-1.79	-16.18	10.05
Normalized Net Income, 3 Yr. CAGR %	31.96	-6.21	-4.09	-14.94	8.85
Diluted EPS Before Extra, 3 Yr. CAGR %	36.86	-1.93	1.14	-14.35	10.78
Accounts Receivable, 3 Yr. CAGR %	-	32.9	12.19	6.12	2.67
Inventory, 3 Yr. CAGR %	13.54	14.5	3.72	-2.87	-3.04
Net Property, Plant and Equip., 3 Yr. CAGR %	3.78	6.21	7.8	6.17	3.11
Total Assets, 3 Yr. CAGR %	9.23	7.63	2.6	2.39	3.71
Tangible Book Value, 3 Yr. CAGR %	4.72	-1.7	-2.43	4.86	13.63
Common Equity, 3 Yr. CAGR %	4.32	-1.72	-2.38	4.57	12.9
Cash From Operations, 3 Yr. CAGR %	13.03	-17.35	-6.44	-5.12	17.76
Capital Expenditures, 3 Yr. CAGR %	0.26	22.23	21.96	-6.56	-12.31
Levered Free Cash Flow, 3 Yr. CAGR %	35.89	-8.02	-29.19	-1.83	-0.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	31.21	-14.01	-27.21	-1.76	6.88
Dividend Per Share, 3 Yr. CAGR %	7.84	15.06	17.61	12	4.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.57	8.46	7.35	6.41	2.29
Gross Profit, 5 Yr. CAGR %	8	4.49	6.11	5.28	1.34
EBITDA, 5 Yr. CAGR %	9.86	-0.56	5.36	3.53	-2.35
EBITA, 5 Yr. CAGR %	12.59	-2.03	6.83	3.95	-5.66
EBIT, 5 Yr. CAGR %	12.65	-1.97	6.9	3.95	-5.66
Earnings From Cont. Operations, 5 Yr. CAGR %	21.11	-0.9	7.15	4.59	-3.24
Net Income, 5 Yr. CAGR %	20.5	-0.94	7.1	4.51	-3.24
Normalized Net Income, 5 Yr. CAGR %	14.36	-1.95	7.46	4.76	-5.99
Diluted EPS Before Extra, 5 Yr. CAGR %	25.22	2.48	10.2	6.92	-1.21
Accounts Receivable, 5 Yr. CAGR %	-	-	-	14.92	14.92
Inventory, 5 Yr. CAGR %	10.84	9.44	4.59	7.22	2.92
Net Property, Plant and Equip., 5 Yr. CAGR %	4.51	5.28	5.8	5.22	5.17
Total Assets, 5 Yr. CAGR %	7.53	5.76	6.04	6.19	3.03
Tangible Book Value, 5 Yr. CAGR %	2.48	-0.66	3.84	4.72	2.44
Common Equity, 5 Yr. CAGR %	3.21	-0.73	3.52	4.39	2.28
Cash From Operations, 5 Yr. CAGR %	9.64	-10.34	7.62	0.69	-9.02
Capital Expenditures, 5 Yr. CAGR %	18.03	16.89	6.45	-0.92	7.07
Levered Free Cash Flow, 5 Yr. CAGR %	2.43	-6.35	8.52	1.58	-16.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.76	-10.13	7.56	1.28	-16.01
Dividend Per Share, 5 Yr. CAGR %	6.38	10.17	11.59	11.3	11.02