What is Target's inventories?

Target (TGT) reported inventories of $12.32B in Q1 2026.

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

Target's inventories decreased by 5.6% year-over-year, from $13.05B to $12.32B.

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

Over 5 years (2020 to 2025), Target's inventories has grown at a 2.9% compound annual growth rate (CAGR), from $10.65B to $12.3B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Target TGT Inventories

Inventories at other companies

Cabot CorporationCBT

$522M-3.5%

Travel + LeisureTNL

$1.18B-3.1%

UnifirstUNF

$147.48M-7.3%

Janus International GroupJBI

$61.1M+14.6%

DeluxeDLX

$35M+1.4%

SweetgreenSG

$2.59M+22.0%

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%

CapEx$1.0B+31.0%

Free cash flow-$319.0M+38.1%

Valuation

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Market cap$64.13B+47.7%

Enterprise value$79.43B+33.4%

P/E18.6×+8.2×

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

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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:InventoryNet.

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 inventories?: Target (TGT) reported inventories of $12.32B in Q1 2026.
How has Target's inventories changed year-over-year?: Target's inventories decreased by 5.6% year-over-year, from $13.05B to $12.32B.
What is the long-term trend for Target's inventories?: Over 5 years (2020 to 2025), Target's inventories has grown at a 2.9% compound annual growth rate (CAGR), from $10.65B to $12.3B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.