Non-Current Assets

Property, plant and equipment, net

Target Property, plant and equipment, net increased by 0.4% to $33.71B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.4%, from $32.93B to $33.71B. Over 4 years (FY 2021 to FY 2025), Property, plant and equipment, net shows an upward trend with a 5.3% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2024
Last reportedQ1 2026

How to read this metric

An increase indicates capital expansion and infrastructure investment, while a decrease suggests asset depreciation or divestment.

Detailed definition

This represents the net book value of long-term physical assets such as office buildings, data center infrastructure, an...

Peer comparison

Standard line item across all capital-intensive industries, often referred to as 'Net PP&E'.

Metric ID: non_current_assets_property_plant_and_equipment_and_fina_e3effd

Historical Data

10 periods
 Q4 '21Q4 '22Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$28.18B$31.51B$33.10B$33.11B$33.08B$32.93B$33.02B$33.18B$33.57B$33.71B
QoQ Change—+11.8%+5.0%+0.1%-0.1%-0.4%+0.3%+0.5%+1.2%+0.4%
YoY Change—+11.8%+5.0%———-0.2%+0.2%+1.5%+2.4%
Range$28.18B – $33.71B
CAGR+8.3%
Avg YoY Growth+3.4%
Median YoY Growth+1.9%
Current Streak4 quarters growth

Frequently Asked Questions

What is Target's property, plant and equipment, net?
Target (TGT) reported property, plant and equipment, net of $33.71B in Q3 2025.
How has Target's property, plant and equipment, net changed year-over-year?
Target's property, plant and equipment, net increased by 2.4% year-over-year, from $32.93B to $33.71B.
What is the long-term trend for Target's property, plant and equipment, net?
Over 4 years (2021 to 2025), Target's property, plant and equipment, net has grown at a 5.3% compound annual growth rate (CAGR), from $26.88B to $33.02B.
What does property, plant and equipment, net mean?
The net value of the company's long-term physical assets like buildings and equipment.