What are Target's profit margins?

Target (TGT) runs a 28.1% gross margin and a 4.5% operating margin, with a 3.2% net margin.

Where do Target's ratios come from?

Every ratio is computed from Target's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Target TGT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	28.1%+0.2pp	27.9%+0.1pp	27.8%0.0pp	27.8%-0.2pp	28.1%-0.1pp
Operating margin	4.5%-0.4pp	4.9%-0.1pp	4.9%-0.2pp	5.1%-0.3pp	5.4%+0.2pp
Net margin	3.2%-0.3pp	3.5%0.0pp	3.6%-0.1pp	3.7%-0.2pp	4%+0.1pp
Returns
Return on equity	22%-2.0pp	24%-1.1pp	25.1%-1.2pp	26.3%-2.8pp	29.1%0.0pp
Return on invested capital	11.9%-0.3pp	12.2%-9.6pp	21.8%-0.9pp	22.7%+4.4pp	18.3%+1.4pp
Efficiency
Asset turnover	1.9×+0.1×	1.8×0.0×	1.8×-0.1×	1.9×0.0×	1.9×0.0×
Liquidity
Current ratio	0.9×0.0×	0.9×0.0×	1×0.0×	1×+0.1×	0.9×0.0×
Leverage
Debt-to-equity	1.1×-0.2×	1.4×+1.2×	0.2×0.0×	0.2×-1.0×	1.3×-0.2×
Net debt / EBITDA	1.9×-0.1×	2.1×+1.6×	0.4×0.0×	0.4×-1.4×	1.8×-0.2×
Per Share
Book value per share	$35.97+1.4%	$35.48+4.2%	$34.06+0.6%	$33.85+3.4%	$32.74+3.1%
Valuation
Market capitalization	$57.71B+12.0%	$51.52B+25.6%	$41.03B-5.9%	$43.61B-1.0%	$44.07B-22.6%
Price / earnings	16.7×+2.8×	13.9×+3.0×	10.9×-0.2×	11.1×+0.6×	10.5×-3.4×
Price / sales	0.5×+0.1×	0.5×+0.1×	0.4×0.0×	0.4×0.0×	0.4×-0.1×
Price / book	3.5×+0.3×	3.2×+0.5×	2.6×-0.2×	2.8×-0.1×	2.9×-0.9×
EV / EBITDA	9.2×+0.9×	8.3×+2.9×	5.4×-0.2×	5.5×-1.3×	6.8×-1.8×
Dividend yield	3.6%-0.4pp	4%-1.0pp	5%+0.3pp	4.7%0.0pp	4.6%+1.1pp

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Questions, answered.

What are Target's profit margins?: Target (TGT) runs a 28.1% gross margin and a 4.5% operating margin, with a 3.2% net margin.
Where do Target's ratios come from?: Every ratio is computed from Target's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.