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Target (TGT) Ratios
Target Ratios
TGT's free cash flow for Q2 2026 was $2.43B. For the 2026 fiscal year, TGT's free cash flow was decreased by $-1.37B and operating cash flow was $3.80B. See a summary of the company’s cash flow.
| Ratios | Jan 26 | Jan 25 | Jan 24 | Jan 23 | Jan 22 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.94 | 0.94 | 0.91 | 0.92 | 0.99 |
| Quick Ratio | 0.36 | 0.32 | 0.29 | 0.22 | 0.35 |
| Cash Ratio | 0.26 | 0.23 | 0.20 | 0.11 | 0.27 |
| Solvency Ratio | 0.16 | 0.16 | 0.17 | 0.13 | 0.23 |
| Operating Cash Flow Ratio | 0.31 | 0.35 | 0.45 | 0.21 | 0.40 |
| Short-Term Operating Cash Flow Coverage | 3.08 | 4.50 | 7.72 | 30.91 | 50.44 |
| Net Current Asset Value | $ -23.32B | $ -23.65B | $ -24.43B | $ -24.26B | $ -19.41B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.34 | 0.35 | 0.36 | 0.31 |
| Debt-to-Equity Ratio | 1.26 | 1.36 | 1.46 | 1.70 | 1.28 |
| Debt-to-Capital Ratio | 0.56 | 0.58 | 0.59 | 0.63 | 0.56 |
| Long-Term Debt-to-Capital Ratio | 0.47 | 0.49 | 0.53 | 0.59 | 0.51 |
| Financial Leverage Ratio | 3.68 | 3.94 | 4.12 | 4.75 | 4.20 |
| Debt Service Coverage Ratio | 2.83 | 3.66 | 4.60 | 9.80 | 16.91 |
| Interest Coverage Ratio | 11.50 | 13.54 | 11.37 | 8.05 | 21.25 |
| Debt to Market Cap | 0.34 | 0.25 | 0.25 | 0.20 | 0.13 |
| Interest Debt Per Share | 45.66 | 44.06 | 43.66 | 42.31 | 34.60 |
| Net Debt to EBITDA | 1.77 | 1.75 | 1.84 | 2.55 | 0.88 |
| Profitability Margins | |||||
| Gross Profit Margin | 27.93% | 28.21% | 27.54% | 24.57% | 29.28% |
| EBIT Margin | 4.97% | 5.32% | 5.40% | 3.57% | 8.80% |
| EBITDA Margin | 7.97% | 8.12% | 8.01% | 6.04% | 11.29% |
| Operating Profit Margin | 4.88% | 5.22% | 5.31% | 3.53% | 8.44% |
| Pretax Profit Margin | 4.55% | 4.94% | 4.93% | 3.13% | 8.40% |
| Net Profit Margin | 3.54% | 3.84% | 3.85% | 2.55% | 6.55% |
| Continuous Operations Profit Margin | 3.54% | 3.84% | 3.85% | 2.55% | 6.55% |
| Net Income Per EBT | 77.72% | 77.76% | 78.12% | 81.33% | 77.98% |
| EBT Per EBIT | 93.16% | 94.52% | 92.82% | 88.83% | 99.56% |
| Return on Assets (ROA) | 6.23% | 7.08% | 7.48% | 5.21% | 12.91% |
| Return on Equity (ROE) | 22.92% | 27.89% | 30.81% | 24.75% | 54.15% |
| Return on Capital Employed (ROCE) | 13.37% | 15.06% | 15.83% | 11.37% | 27.90% |
| Return on Invested Capital (ROIC) | 9.76% | 11.11% | 11.89% | 9.13% | 21.47% |
| Return on Tangible Assets | 6.29% | 7.16% | 7.56% | 5.28% | 13.07% |
| Earnings Yield | 7.74% | 6.44% | 6.45% | 3.49% | 6.46% |
| Efficiency Ratios | |||||
| Receivables Turnover | 57.99 | 69.15 | 76.50 | 64.38 | 78.35 |
| Payables Turnover | 5.98 | 5.86 | 6.43 | 6.10 | 4.84 |
| Inventory Turnover | 6.14 | 6.00 | 6.55 | 6.10 | 5.39 |
| Fixed Asset Turnover | 2.80 | 2.90 | 2.95 | 3.19 | 3.45 |
| Asset Turnover | 1.76 | 1.84 | 1.94 | 2.05 | 1.97 |
| Working Capital Turnover Ratio | -81.54 | -67.64 | -62.09 | -119.39 | 463.92 |
| Cash Conversion Cycle | 4.76 | 3.78 | 3.78 | 5.72 | -3.01 |
| Days of Sales Outstanding | 6.29 | 5.28 | 4.77 | 5.67 | 4.66 |
| Days of Inventory Outstanding | 59.47 | 60.78 | 55.74 | 59.86 | 67.69 |
| Days of Payables Outstanding | 61.01 | 62.28 | 56.74 | 59.81 | 75.36 |
| Operating Cycle | 65.77 | 66.06 | 60.51 | 65.53 | 72.35 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 14.45 | 16.00 | 18.68 | 8.70 | 17.67 |
| Free Cash Flow Per Share | 6.24 | 9.72 | 8.27 | -3.27 | 10.41 |
| Dividend Paid and CapEx Coverage Ratio | 1.14 | 1.49 | 1.26 | 0.55 | 1.69 |
| Capital Expenditure Coverage Ratio | 1.76 | 2.55 | 1.79 | 0.73 | 2.43 |
| Operating Cash Flow Coverage Ratio | 0.32 | 0.37 | 0.44 | 0.21 | 0.52 |
| Operating Cash Flow to Sales Ratio | 0.06 | 0.07 | 0.08 | 0.04 | 0.08 |
| Free Cash Flow Yield | 5.92% | 7.05% | 5.94% | -1.90% | 4.72% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 12.93 | 15.51 | 15.51 | 28.61 | 15.49 |
| Price-to-Sales (P/S) Ratio | 0.46 | 0.60 | 0.60 | 0.73 | 1.01 |
| Price-to-Book (P/B) Ratio | 2.96 | 4.33 | 4.78 | 7.08 | 8.39 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 16.89 | 14.19 | 16.82 | -52.68 | 21.18 |
| Price-to-Operating Cash Flow Ratio | 7.30 | 8.62 | 7.45 | 19.80 | 12.47 |
| Price-to-Earnings Growth (PEG) Ratio | -1.57 | -19.86 | 0.32 | -0.50 | 0.25 |
| Enterprise Value Multiple | 7.51 | 9.08 | 9.31 | 14.61 | 9.87 |
| Enterprise Value | 62.70B | 78.61B | 80.03B | 96.39B | 118.15B |
| EV to EBITDA | 7.51 | 9.08 | 9.31 | 14.61 | 9.87 |
| EV to Sales | 0.60 | 0.74 | 0.75 | 0.88 | 1.11 |
| EV to Free Cash Flow | 22.11 | 17.56 | 20.98 | -63.83 | 23.25 |
| EV to Operating Cash Flow | 9.55 | 10.67 | 9.28 | 23.99 | 13.70 |
| Tangible Book Value Per Share | 34.21 | 30.48 | 27.74 | 22.91 | 24.94 |
| Shareholders’ Equity Per Share | 35.60 | 31.85 | 29.11 | 24.31 | 26.28 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.22 | 0.22 | 0.22 | 0.19 | 0.22 |
| Revenue Per Share | 230.74 | 231.46 | 232.75 | 236.14 | 217.18 |
| Net Income Per Share | 8.16 | 8.89 | 8.97 | 6.02 | 14.23 |
| Tax Burden | 0.78 | 0.78 | 0.78 | 0.81 | 0.78 |
| Interest Burden | 0.91 | 0.93 | 0.91 | 0.88 | 0.95 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.21 | 0.21 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.77 | 1.80 | 2.08 | 1.45 | 1.24 |
Currency in USD
