Target (TGT) FCF Margin (2009 - 2026)
Target's (TGT) quarterly FCF Margin came in at 1.25% in Q2 2026, up 91.0% YoY from 0.66% in Q2 2025, and down 117.42% on a QoQ basis from 7.2% in Q1 2026.
Target (TGT) FCF Margin (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of FCF Margin data on file, last reported at 1.25% in Q2 2026.
- Quarterly FCF Margin rose 91.0% year-over-year to 1.25% in Q2 2026, while the trailing twelve-month figure through May 2026 was 2.85% (down 49.0% YoY) and the FY2026 annual result came in at 2.71%, down 149.0% from the prior year.
- FCF Margin fell to 1.25% in Q2 2026, from 7.2% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 7.65% in Q1 2025 to a low of 9.32% in Q2 2022.
- A 5-year average of 2.02% and a median of 2.46% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin sank 1180 bps — and 2023, when it jumped 798 bps.
- Tracing TGT's FCF Margin over 5 years: stood at 4.53% in 2022, then jumped by 170 bps to 3.18% in 2023, then plunged by 90 bps to 0.33% in 2024, then jumped by 80 bps to 0.59% in 2025, then slumped by 313 bps to 1.25% in 2026.
- The last three FCF Margin figures came in at 1.25% (Q2 2026), 7.2% (Q1 2026), and 0.59% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | -1.09% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 2.89% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | -1.25% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 3.38% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 7.87% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | -0.74% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 0.03% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 0.22% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 3.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | -1.25% |
| Jan 31, 2026 | 7.20% |
| Nov 1, 2025 | 0.59% |
| Aug 2, 2025 | 4.00% |
| May 3, 2025 | -2.16% |
| Feb 1, 2025 | 7.65% |
| Nov 2, 2024 | 0.33% |
| Aug 3, 2024 | 6.28% |
| May 4, 2024 | 1.74% |
| Feb 3, 2024 | 7.63% |
| Oct 28, 2023 | 3.18% |
| Jul 29, 2023 | 3.69% |
| Apr 29, 2023 | -1.34% |
| Jan 28, 2023 | 7.20% |
| Oct 29, 2022 | -4.53% |
| Jul 30, 2022 | -0.86% |
| Apr 30, 2022 | -9.32% |
| Jan 29, 2022 | 6.35% |
| Oct 30, 2021 | 4.02% |
| Jul 31, 2021 | 5.90% |