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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	111.7%+0.1pp	111.7%-0.3pp	111.9%-0.4pp	112.4%-0.5pp	112.8%+0.2pp
Operating margin	19.5%-0.9pp	20.4%-0.3pp	20.7%-0.6pp	21.3%-0.6pp	21.9%+0.1pp
Net margin	14.1%-0.7pp	14.8%-0.3pp	15.1%-0.5pp	15.6%-0.5pp	16%+0.1pp
EBITDA margin	31.3%-0.8pp	32.1%-0.1pp	32.3%-0.4pp	32.7%-0.4pp	33%+0.3pp
Free cash flow margin	11.2%-0.5pp	11.7%-1.5pp	13.2%-1.4pp	14.5%-2.1pp	16.7%-1.0pp
Returns
Return on equity	97.5%-7.1pp	104.5%-5.1pp	109.6%-7.3pp	116.9%-7.6pp	124.5%-3.4pp
Return on assets	25.6%-1.5pp	27.1%-0.9pp	28%-1.3pp	29.3%-1.3pp	30.6%-0.2pp
Return on invested capital	68.6%-6.4pp	75.1%-4.7pp	79.8%-5.8pp	85.6%-6.3pp	92%-9.7pp
Efficiency
Asset turnover	7.3×0.0×	7.3×-0.1×	7.4×-0.1×	7.5×-0.1×	7.6×-0.1×
Inventory turnover	23.1×-0.1×	23.2×-0.2×	23.4×-0.1×	23.5×-0.1×	23.6×-0.2×
Liquidity
Current ratio	3.8×0.0×	3.8×0.0×	3.8×0.0×	3.8×+0.1×	3.7×+0.1×
Quick ratio	1.3×0.0×	1.2×0.0×	1.2×0.0×	1.1×+0.1×	1.1×0.0×
Leverage
Debt-to-equity	3×-0.1×	3.1×-0.1×	3.2×0.0×	3.2×0.0×	3.3×+1.0×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×+0.3×
Net debt / EBITDA	4.8×+0.1×	4.7×0.0×	4.7×0.0×	4.7×0.0×	4.6×+1.4×
Interest coverage	46.8×-2.9×	49.7×-2.1×	51.8×-2.0×	53.8×-1.5×	55.3×+1.3×
Per Share
Book value per share	$139.36+2.4%	$136.13+2.8%	$132.41+2.1%	$129.74+2.1%	$127.03+2.3%
Valuation
Market capitalization	$193.88B+7.6%	$180.24B-2.9%	$185.64B-9.7%	$205.68B-11.8%	$233.12B-10.8%
Enterprise value	$233.15B+5.8%	$220.36B-2.5%	$226.12B-8.1%	$246.04B-10.0%	$273.41B-5.3%
Price / earnings	52.6×+6.2×	46.4×0.0×	46.5×-3.1×	49.5×-4.7×	54.3×-6.9×
Price / sales	1.8×+0.1×	1.7×0.0×	1.8×-0.2×	1.9×-0.2×	2.2×-0.3×
Price / book	12.2×+0.6×	11.6×-0.7×	12.3×-1.6×	13.9×-2.1×	16×-2.3×
EV / EBITDA	28.4×+2.3×	26.1×-0.4×	26.4×-1.9×	28.3×-2.7×	31×-2.0×
EV / sales	2.2×+0.1×	2.1×0.0×	2.1×-0.2×	2.3×-0.2×	2.6×-0.1×
Free cash flow yield	24.8%-2.8pp	27.6%-2.4pp	30%-0.1pp	30.1%-0.7pp	30.7%+1.7pp
Earnings yield	31.3%-3.5pp	34.9%0.0pp	34.9%+2.0pp	32.8%+2.7pp	30.2%+3.8pp
Dividend yield	17.2%-1.1pp	18.3%+0.4pp	17.9%+1.7pp	16.3%+1.8pp	14.4%+1.8pp

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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.