Target (TGT) Return on Capital Employed [ROCE] (2009 - 2026)
Target's Return on Capital Employed [ROCE] came in at 15.67% for fiscal Q2 2027 (quarter ended Aug 1, 2026), up 1.32 percentage points from 14.35% a year earlier and up 3.53 percentage points from the prior quarter.
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Analysis
Target (TGT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Target's Return on Capital Employed [ROCE] was 13.68%, down 1.88 percentage points from FY2025.
- Return on Capital Employed [ROCE] carries a five-year change of -10.64 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Return on Capital Employed [ROCE] was 15.56% in FY2025 (-0.72 pp), 16.29% in FY2024 (+4.99 pp), 11.29% in FY2023 (-17.77 pp) and 29.06% in FY2022 (+4.74 pp).
- The fiscal Q2 2027 figure represents the highest quarterly Return on Capital Employed [ROCE] since fiscal Q3 2025.
- Year-over-year, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -1.13 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q3 2022 (a gain of 9.71 percentage points), and the weakest in fiscal Q4 2023 (a drop of 16.64 percentage points).
- Business Quant data shows TGT's Return on Capital Employed [ROCE] at 12.14% (Q1 2027), 13.29% (Q4 2026) and 13.81% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 11.49% |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 28.54% |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 34.00% |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 30.02% |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 30.97% |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 15.67% |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 18.45% |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 47.86% |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 33.85% |
| 10 | JD.com | 31.28 Bn | -78.90 Bn | 8.71 Bn | 0.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 15.67% |
| 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% |
API Access
Target Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();