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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	111.7%-1.0pp	112.6%+7.6pp	105%—	——
Operating margin	20.4%-1.4pp	21.8%+3.9pp	17.9%-2.8pp	20.7%-13.4pp
Net margin	14.8%-1.2pp	16%+3.1pp	12.9%-2.2pp	15.1%-10.6pp
EBITDA margin	32.1%-0.6pp	32.7%+4.7pp	28%-2.6pp	30.6%-13.5pp
Free cash flow margin	11.7%-5.9pp	17.6%—	——	——
Returns
Return on equity	104.5%-23.4pp	127.9%+9.3pp	118.6%-11.0pp	129.6%-64.6pp
Return on assets	27.1%-3.7pp	30.8%+5.0pp	25.8%-5.4pp	31.2%-20.6pp
Return on invested capital	75.1%-26.6pp	101.7%-0.2pp	101.9%-11.5pp	113.4%-53.6pp
Efficiency
Asset turnover	7.3×-0.4×	7.7×-0.3×	8.1×-0.1×	8.2×+0.1×
Inventory turnover	23.2×-0.6×	23.8×+1.1×	22.7×—	——
Liquidity
Current ratio	3.8×+0.2×	3.6×+0.1×	3.5×0.0×	3.5×-0.6×
Quick ratio	1.2×+0.1×	1.1×+0.3×	0.8×+0.2×	0.6×-1.0×
Leverage
Debt-to-equity	3.1×+0.9×	2.2×+1.1×	1.1×0.0×	1.2×+0.3×
Debt-to-assets	0.8×+0.3×	0.6×+0.3×	0.3×0.0×	0.2×0.0×
Net debt / EBITDA	4.7×+1.5×	3.2×+1.4×	1.8×+0.2×	1.7×+0.6×
Interest coverage	49.7×-4.3×	54×+16.9×	37.1×-13.5×	50.6×-9.0×
Per Share
Book value per share	$136.13+9.7%	$124.12+15.9%	$107.07+14.1%	$93.87-17.5%
Valuation
Market capitalization	$180.24B-31.0%	$261.23B+3.9%	$251.31B-17.2%	$303.43B-31.0%
Enterprise value	$220.36B-23.7%	$288.76B+8.8%	$265.38B-16.1%	$316.15B-30.0%
Price / earnings	46.4×-14.8×	61.2×-12.4×	73.6×-6.9×	80.5×+13.2×
Price / sales	1.7×-0.7×	2.4×+0.1×	2.3×-0.5×	2.8×-1.5×
Price / book	11.6×-6.6×	18.2×-2.0×	20.3×-7.5×	27.8×-3.3×
EV / EBITDA	26.1×-7.0×	33×-2.2×	35.2×-4.4×	39.6×-0.6×
EV / sales	2.1×-0.6×	2.7×+0.2×	2.5×-0.5×	2.9×-1.5×
Free cash flow yield	27.6%-1.5pp	29.1%—	——	——
Earnings yield	34.9%+8.5pp	26.4%+4.4pp	22%+0.4pp	21.6%-2.5pp
Dividend yield	18.3%+5.7pp	12.6%-0.1pp	12.6%+3.5pp	9.2%+3.9pp

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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.