Target (TGT) Return on Capital Employed (2009 - 2026)
Target (TGT) reported Return on Capital Employed of 12.14% for Q2 2026, down 297.0% on a YoY basis from 6.16% in Q2 2025, and down 8.62% quarter-over-quarter from 13.29% in Q1 2026.
Target (TGT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Target has reported Return on Capital Employed for 18 years, with the latest figure at 12.14% in Q2 2026.
- For the quarter ending Q2 2026, Return on Capital Employed fell 297.0% year-over-year to 12.14%; the trailing twelve-month figure through May 2026 stood at 12.14% (down 297.0% YoY), and the FY2026 full-year result was 13.68%, down 188.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 12.14%, down from 13.29% in the prior quarter.
- The five-year high for Return on Capital Employed was 27.64% in Q1 2022, with the low at 10.98% in Q2 2023.
- Historically, Return on Capital Employed has averaged 16.04% across 5 years, with a median of 15.09% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 643 bps — and 2023, when it plunged 1664 bps.
- Target's Return on Capital Employed stood at 15.81% in 2022, then fell by 5 bps to 15.06% in 2023, then increased by 12 bps to 16.81% in 2024, then decreased by 18 bps to 13.81% in 2025, then dropped by 12 bps to 12.14% in 2026.
- The last three Return on Capital Employed figures came in at 12.14% (Q2 2026), 13.29% (Q1 2026), and 13.81% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 948.87 Bn | 944.49 Bn | 42.63 Bn | 17.49% |
| 2 | Costco Wholesale | 430.50 Bn | 412.26 Bn | 8.88 Bn | 25.77% |
| 3 | Target | 57.41 Bn | 53.87 Bn | 7.38 Bn | 12.14% |
| 4 | Dollar General | 24.07 Bn | 22.93 Bn | 3.32 Bn | 1.69% |
| 5 | Dollar Tree | 22.05 Bn | 21.05 Bn | 1.83 Bn | 16.66% |
| 6 | BJ's Wholesale Club Holdings | 11.52 Bn | 11.49 Bn | 1.03 Bn | 17.56% |
| 7 | Pricesmart | 5.32 Bn | 5.02 Bn | 265.07 Mn | 15.36% |
| 8 | Ollie's Bargain Outlet Holdings | 4.78 Bn | 4.48 Bn | 310.92 Mn | 11.88% |
| 9 | Bbb Foods | 22.39 Mn | -214.25 Mn | 210.92 Mn | - |
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% |