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Target TGT Net debt / EBITDA

Net debt / EBITDA at other companies

Dollar General logo
Dollar GeneralDG
4.3×-1.6×
Kroger logo
KrogerKR
1.3×+0.6×
Walmart
 logo
Walmart WMT
1.4×+0.1×
TJX Companies logo
TJX CompaniesTJX
-0.2×
Bath & Body Works logo
Bath & Body WorksBBWI
2.8×0.0×
Williams-Sonoma logo
Williams-SonomaWSM
0.5×+0.3×

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$65.63B+44.7%
Enterprise value$80.92B+31.6%
P/E19×+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

Calculated from Target’s reported figures.

Based on the most recent quarter.

The source filing: Target’s 10-Q, filed May 29, 2026. Open the filing →

Filed
May 29, 2026, 3:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000027419-26-000022

FAQ

What is Target's net debt / EBITDA?
Target (TGT) reported net debt / EBITDA of 1.9× in Q1 2026.
How has Target's net debt / EBITDA changed year-over-year?
Target's net debt / EBITDA increased by 4.9% year-over-year, from 1.8× to 1.9×.
What is the long-term trend for Target's net debt / EBITDA?
Over 5 years (2020 to 2025), Target's net debt / EBITDA has grown at a 34.0% compound annual growth rate (CAGR), from 0.5× to 2.1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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