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%-1.1pp	111.7%-1.0pp	111.9%0.0pp	112.4%+2.0pp	112.8%+4.7pp
Operating margin	19.5%-2.4pp	20.4%-1.4pp	20.7%-1.2pp	21.3%+0.3pp	21.9%+2.2pp
Net margin	14.1%-2.0pp	14.8%-1.2pp	15.1%-0.9pp	15.6%+0.3pp	16%+1.8pp
Returns
Return on equity	97.5%-27.1pp	104.5%-23.4pp	109.6%-22.7pp	116.9%-14.0pp	124.5%-2.2pp
Return on invested capital	68.6%-23.3pp	75.1%-26.6pp	79.8%-30.2pp	85.6%-24.1pp	92%-15.6pp
Efficiency
Asset turnover	7.3×-0.3×	7.3×-0.4×	7.4×-0.4×	7.5×-0.3×	7.6×-0.3×
Liquidity
Current ratio	3.8×+0.1×	3.8×+0.2×	3.8×+0.2×	3.8×+0.3×	3.7×+0.2×
Leverage
Debt-to-equity	3×-0.3×	3.1×+0.9×	3.2×+2.1×	3.2×+2.1×	3.3×+2.1×
Net debt / EBITDA	4.8×+0.2×	4.7×+1.5×	4.7×+2.9×	4.7×+2.8×	4.6×+2.8×
Per Share
Book value per share	$139.36+9.7%	$136.13+9.7%	$132.41+9.1%	$129.74+10.9%	$127.03+13.6%
Valuation
Market capitalization	$193.88B-16.8%	$180.24B-31.0%	$185.64B-32.5%	$205.68B-25.4%	$233.12B-11.4%
Price / earnings	52.6×-1.6×	46.4×-14.8×	46.5×-17.9×	49.5×-17.9×	54.3×-14.6×
Price / sales	1.8×-0.3×	1.7×-0.7×	1.8×-0.8×	1.9×-0.6×	2.2×-0.3×
Price / book	12.2×-3.8×	11.6×-6.6×	12.3×-7.3×	13.9×-6.5×	16×-4.3×
EV / EBITDA	28.4×-2.6×	26.1×-7.0×	26.4×-6.9×	28.3×-6.1×	31×-3.4×
Dividend yield	17.2%+2.8pp	18.3%+5.7pp	17.9%+6.1pp	16.3%+4.5pp	14.4%+2.2pp

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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.