What is Target's capex?

Target (TGT) reported capex of $1.04B in Q1 2026.

How has Target's capex changed year-over-year?

Target's capex increased by 31.0% year-over-year, from $790M to $1.04B.

What is the long-term trend for Target's capex?

Over 4 years (2021 to 2025), Target's capex has grown at a 1.3% compound annual growth rate (CAGR), from $3.54B to $3.73B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Target TGT CapEx

CapEx at other companies

Cabot CorporationCBT

$45M-37.5%

UnifirstUNF

$38.4M+18.1%

HES

Hess MidstreamHESM

$28.8M-36.7%

Warrior Met CoalHCC

$80.13M+17.0%

Travel + LeisureTNL

$19M-9.5%

CSW Industrials, Inc.CSW

$5.13M+13.2%

Other financials

Income statement

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Revenue$25.4B+6.7%

Gross profit$7.4B+9.9%

Operating income$1.1B-22.9%

Net income$781.0M-24.6%

EPS (diluted)$1.71-24.7%

Balance sheet

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Cash & equivalents$3.5B+22.4%

Total debt$18.8B-1.1%

Total equity$16.4B+9.7%

Total assets$58.0B+3.2%

Cash flow

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Operating cash flow$716.0M+160%

Free cash flow-$319.0M+38.1%

Valuation

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Market cap$63.39B+46.0%

Enterprise value$78.69B+32.1%

P/E18.4×+8.0×

P/S0.6×+0.2×

Profitability

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Gross margin28.1%+0.1pp

Operating margin4.5%-0.9pp

Net margin3.2%-0.7pp

FCF margin2.8%-0.5pp

Returns & leverage

See full

Return on equity22%-7.1pp

Debt / equity1.1×-0.1×

Current ratio0.9×0.0×

Where this comes from

Reported directly by Target in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Target’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target's capex?: Target (TGT) reported capex of $1.04B in Q1 2026.
How has Target's capex changed year-over-year?: Target's capex increased by 31.0% year-over-year, from $790M to $1.04B.
What is the long-term trend for Target's capex?: Over 4 years (2021 to 2025), Target's capex has grown at a 1.3% compound annual growth rate (CAGR), from $3.54B to $3.73B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.