Target (TGT) Return on Capital Employed (2009 - 2026)
Target (TGT) posted Return on Capital Employed of 12.14% for Q2 2026, down 8.62% on a QoQ basis from 13.29% in Q1 2026, and down 297.0% year-over-year from 6.16% in Q2 2025.
Target (TGT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Target's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 12.14% for Q2 2026.
- Quarterly Return on Capital Employed fell 297.0% year-over-year to 12.14% in Q2 2026, while the trailing twelve-month figure through May 2026 was 12.14% (down 297.0% YoY) and the FY2026 annual result came in at 13.68%, down 188.0% from the prior year.
- Return on Capital Employed was 12.14% for Q2 2026 at Target, down from 13.29% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 27.64% in Q1 2022 and bottomed at 10.98% in Q2 2023.
- A 5-year average of 16.04% and a median of 15.09% in 2025 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 643 bps — and 2023, when it tumbled 1664 bps.
- Target's Return on Capital Employed stood at 15.81% in 2022, then decreased by 5 bps to 15.06% in 2023, then gained by 12 bps to 16.81% in 2024, then dropped by 18 bps to 13.81% in 2025, then fell by 12 bps to 12.14% in 2026.
- Business Quant data shows TGT's Return on Capital Employed at 12.14% in Q2 2026, 13.29% in Q1 2026, and 13.81% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | 17.49% |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 25.77% |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | 12.14% |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 9.04% |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | 16.66% |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | 17.56% |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 15.61% |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | - |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | 11.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 12.14% |
| Jan 31, 2026 | 13.29% |
| Nov 1, 2025 | 13.81% |
| Aug 2, 2025 | 14.35% |
| May 3, 2025 | 15.12% |
| Feb 1, 2025 | 14.90% |
| Nov 2, 2024 | 16.81% |
| Aug 3, 2024 | 17.18% |
| May 4, 2024 | 16.04% |
| Feb 3, 2024 | 15.64% |
| Oct 28, 2023 | 15.06% |
| Jul 29, 2023 | 14.11% |
| Apr 29, 2023 | 10.98% |
| Jan 28, 2023 | 11.00% |
| Oct 29, 2022 | 15.81% |
| Jul 30, 2022 | 19.76% |
| Apr 30, 2022 | 25.05% |
| Jan 29, 2022 | 27.64% |
| Oct 30, 2021 | 29.40% |
| Jul 31, 2021 | 27.33% |