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Target TGT Return on invested capital

Return on invested capital at other companies

Dollar General logo
Dollar GeneralDG
7.4%+1.7pp
Kroger logo
KrogerKR
12.2%-6.8pp
Walmart
 logo
Walmart WMT
15.3%-1.2pp
TJX Companies logo
TJX CompaniesTJX
31.9%+2.1pp
Bath & Body Works logo
Bath & Body WorksBBWI
32.7%-1.5pp
Williams-Sonoma logo
Williams-SonomaWSM
40.9%-3.4pp

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$65.63B+44.7%
Enterprise value$80.92B+31.6%
P/E19×+8.2×
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

Calculated from Target’s reported figures.

Based on trailing twelve months.

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

Filed
May 29, 2026, 3:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000027419-26-000022

FAQ

What is Target's return on invested capital?
Target (TGT) reported return on invested capital of 11.9% in Q1 2026.
How has Target's return on invested capital changed year-over-year?
Target's return on invested capital decreased by 35.2% year-over-year, from 18.3% to 11.9%.
What is the long-term trend for Target's return on invested capital?
Over 5 years (2020 to 2025), Target's return on invested capital has grown at a -16.3% compound annual growth rate (CAGR), from 29.8% to 12.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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