Target (TGT) FCF Margin (2009 - 2026)
Target (TGT) posted FCF Margin of 1.25% for Q2 2026, down 117.42% on a QoQ basis from 7.2% in Q1 2026, and up 91.0% year-over-year from 0.66% in Q2 2025.
Target (TGT) FCF Margin (2009 - 2026) Analysis & Trends
Target's FCF Margin history runs 18 years deep, the most recent figure standing at 1.25% for 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 was 1.25% for Q2 2026 at Target, down from 7.2% in the prior quarter.
- Across five years, FCF Margin topped out at 7.65% in Q1 2025 and bottomed at 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 plunged 1180 bps — and 2023, when it jumped 798 bps.
- Target's FCF Margin stood at 4.53% in 2022, then soared by 170 bps to 3.18% in 2023, then slumped by 90 bps to 0.33% in 2024, then soared by 80 bps to 0.59% in 2025, then plunged by 313 bps to 1.25% in 2026.
- Business Quant data shows TGT's FCF Margin at 1.25% in Q2 2026, 7.2% in Q1 2026, and 0.59% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | -1.11% |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 6.16% |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | -1.25% |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 15.57% |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | 12.12% |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | -0.74% |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 9.61% |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | 0.03% |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | 21.09% |
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% |