Target Financial Ratios
NYSE: TGTConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Target ratio analysis
Target earned a net margin of 3.5% in FY 2025, down from 3.8% a year earlier. Gross margin was 27.9% compared with a median of 29.0% over the prior 9 years. Return on equity reached 22.9%, meaning Target generated 0.23 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.02 versus 1.09 the year before, and the current ratio was 0.94. At the end of FY 2025, TGT traded at 13.0 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 12.9 to 28.2, with a median of 15.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Target financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 12.97 | 15.57 | 16.27 | 28.18 | 15.44 | 20.97 | 17.41 | 12.92 | 13.79 | 13.58 |
| Price / sales | 0.46 | 0.60 | 0.63 | 0.71 | 1.00 | 0.97 | 0.72 | 0.50 | 0.55 | 0.52 |
| Price / book | 2.96 | 4.33 | 5.00 | 6.93 | 8.28 | 6.28 | 4.78 | 3.33 | 3.42 | 3.37 |
| Gross margin | 27.9% | 28.2% | 27.5% | 24.6% | 29.3% | 29.3% | 29.8% | 29.3% | 28.5% | 29.0% |
| Operating margin | 4.9% | 5.2% | 5.3% | 3.5% | 8.4% | 7.0% | 6.0% | 5.5% | 5.8% | 6.9% |
| Net margin | 3.5% | 3.8% | 3.9% | 2.5% | 6.6% | 4.7% | 4.2% | 3.9% | 4.0% | 3.9% |
| Free cash flow margin | 2.7% | 4.2% | 3.6% | -1.4% | 4.8% | 8.4% | 5.2% | 3.3% | 6.1% | 5.5% |
| Return on equity (ROE) | 22.9% | 27.9% | 30.8% | 24.8% | 54.2% | 30.2% | 27.7% | 26.0% | 25.0% | 25.0% |
| Return on assets (ROA) | 6.2% | 7.1% | 7.5% | 5.2% | 12.9% | 8.5% | 7.7% | 7.1% | 7.2% | 7.3% |
| Debt / equity | 1.02 | 1.09 | 1.19 | 1.44 | 1.07 | 0.88 | 0.97 | 1.00 | 0.98 | 1.17 |
| Current ratio | 0.94 | 0.94 | 0.91 | 0.92 | 0.99 | 1.03 | 0.89 | 0.83 | 0.96 | 0.94 |
| Revenue growth | -1.7% | -0.8% | -1.6% | 2.9% | 13.3% | 19.8% | 3.7% | 3.6% | 3.5% | -4.8% |
| EPS growth | -8.2% | -0.9% | 49.5% | -57.6% | 63.2% | 35.8% | 15.4% | 4.2% | 12.8% | -11.7% |