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Target TGT Inventory turnover

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+3.3%

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$59.38B+31.0%
Enterprise value$74.68B+21.2%
P/E17.2×+6.4×
P/S0.6×+0.1×

Profitability

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Gross margin28.1%+0.1pp
Operating margin4.5%-0.9pp
Net margin3.2%-0.7pp

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

Calculated from Target’s reported figures.

total cost of revenue/inventories=6×

Based on trailing twelve months.

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 inventory turnover?
Target (TGT) reported inventory turnover of 6× in Q1 2026.
How has Target's inventory turnover changed year-over-year?
Target's inventory turnover decreased by 1.9% year-over-year, from 6.1× to 6×.
What is the long-term trend for Target's inventory turnover?
Over 2 years (2023 to 2025), Target's inventory turnover has grown at a 1.1% compound annual growth rate (CAGR), from 22.7× to 23.2×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.