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US general-merchandise retailer operating big-box stores and e-commerce, known for style-forward private-label and design partnerships.
US general-merchandise retailer operating big-box stores and e-commerce, known for style-forward private-label and design partnerships.
Earns from merchandise sold in stores that also act as pickup and delivery hubs, so most online orders are filled from shelves nearby rather than from warehouses. Owned brands such as Cat & Jack and Good & Gather give better profit per sale than third-party brands. Sales lean more on discretionary goods such as clothing and home than rivals Walmart and Costco.
Moat: narrow (brand, distribution, scale). Strong style/design brand reputation and same-day fulfillment capabilities, but faces intense price and format competition.
Headquarters: Minneapolis, Minnesota, United States · Founded: 1902 · Employees: 415,000
Size Target (TGT) is a United States Consumer Staples company (Specialty Stores) with a market value of $72.0B, the 189th largest of 3,117 United States companies the cockpit tracks. Shares closed at $158.41 on 6 Nov 2026.
Performance Over six months the shares gained 27.7%, against +7.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +5.9%); the operating margin is 5.7% (peer median 16.2%).
Valuation It trades at 17.1× forward earnings against a peer median of 17.8× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.8 points above its cost of capital (8.7% WACC).
Credit Target has 19 bonds outstanding ($13.3B), rated A by the agencies and trading like AA at a weighted spread of 59 bp.
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $108B | $105B | $107B | $107B | $109B |
| Revenue growth | — | -2% | -1% | -2% | — |
| Gross profit | $28.9B | $26.7B | $27.5B | $27.3B | $24.5B |
| EBITDA | $9.35B | $7.98B | $8.62B | $8.61B | $6.61B |
| Net income | $4.39B | $3.71B | $4.09B | $4.14B | $2.78B |
| Free cash flow | $4.46B | $2.83B | $4.48B | $3.81B | -$1.51B |
| Capital expenditure | $4.27B | $3.73B | $2.89B | $4.81B | $5.53B |
| Total debt | $19.1B | $20.3B | $19.9B | $19.6B | $19.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Target TGT | $72.0B | +28% | +2% | 6% | 17.1× | 4.1% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
| Kohl's KSS | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% |
| TJX Companies TJX | $149B | -11% | +8% | 12% | 25.1× | 3.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TGT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | +9.4% | 5th lowest of 21 |
| 6-month return | +27.7% | +7.7% | 3rd highest of 21 |
| Distance from 52-week high | -7.2% | -8.9% | 9th highest of 21 |
| Revenue growth (TTM) | +1.9% | +5.9% | 6th lowest of 21 |
| Operating margin | 5.7% | 16.2% | 5th lowest of 21 |
| Forward P/E | 17.1× | 17.8× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 0.2% | 8th most demanding of 21 |
| Growth delivered (Del g) | +2.3% | +5.4% | 6th lowest of 21 |
| Hurdle (Req g minus delivered) | +1.8 pp | -7.6 pp | 5th most demanding of 21 |
| ROIC minus cost of capital | +6.8 pp | +6.4 pp | 11th highest of 21 |
| EV / EBITDA | 9.2× | 12.4× | 5th cheapest of 20 |
| Net debt / EBITDA | 1.5× | 1.9× | 7th least indebted of 21 |
| Bond spread | 59 bp | 74 bp | 5th tightest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Target TGT | United States | $72.0B | +28% | +2% | 6% | 17.1× | 4.1% | +2.3% |
| Colgate-Palmolive CL | United States | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% | +4.4% |
| Kimberly-Clark KMB | United States | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% | -3.0% |
| Mondelez International MDLZ | United States | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% | +7.7% |
| Monster Beverage MNST | United States | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% | +12.5% |
| Coca-Cola Europacific Partners CCEP | United States | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% | +14.3% |
| Keurig Dr Pepper KDP | United States | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% | +7.4% |
| Ambev SA Sponsored ADR ABEV | United States | $43.2B | -15% | +4% | 23% | 14.5× | -5.5% | +6.9% |
| Altria MO | United States | $127B | +13% | +2% | 75% | 12.9× | -10.9% | -0.7% |
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| Estée Lauder Companies (The) EL | United States | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% | -1.5% |
| Sysco SYY | United States | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% | +10.5% |
| Hershey Company (The) HSY | United States | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% | +7.5% |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% | +4.5% |
| Anheuser-Busch InBev SA/NV Sponsored ADR BUD | United States | $168B | +5% | +7% | 26% | 18.9× | 2.7% | +4.7% |
| Dollar General DG | United States | $29.5B | +18% | +5% | 6% | 16.6× | 0.9% | +4.8% |
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
| PepsiCo PEP | United States | $193B | -8% | +6% | 16% | 16.6× | -5.5% | +5.9% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Casey's CASY | United States | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% | +18.1% |
Target has 19 bonds outstanding with $13.3B face value. The agencies rate it A; its bonds trade like AA. Weighted yield 5.47%, a spread of 59 bp over government bonds.