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Target TGT PP&E (Net)

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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$67.27B+40.1%
Enterprise value$82.57B+28.6%
P/E19.5×+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

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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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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

Filed
May 29, 2026, 3:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000027419-26-000022
Consolidated Statements of Financial Position / (millions, except footnotes) (unaudited)May 2, 2026January 31,2026May 3,2025
Inventory12,31712,30413,048
Other current assets2,2142,2131,824
Total current assets18,06520,00517,759
Property and equipment, net34,17533,74933,182
Operating lease assets3,6523,7033,739
Other noncurrent assets2,1182,0331,505
Total assets$58,010$59,490$56,185
Liabilities and shareholders’ investment

Item 1. Financial Statements (unaudited)

FAQ

What is Target's PP&E (net)?
Target (TGT) reported PP&E (net) of $34.18B in Q1 2026.
How has Target's PP&E (net) changed year-over-year?
Target's PP&E (net) increased by 3.0% year-over-year, from $33.18B to $34.18B.
What is the long-term trend for Target's PP&E (net)?
Over 5 years (2020 to 2025), Target's PP&E (net) has grown at a 4.7% compound annual growth rate (CAGR), from $26.88B to $33.75B.
What does PP&E (net) mean?
Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

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