Target (TGT) Return on Invested Capital [ROIC] (2009 - 2026)
Target (TGT) reported Return on Invested Capital [ROIC] of 14.40% for fiscal Q2 2027 (quarter ended Aug 1, 2026), up 0.95 percentage points from 13.45% a year earlier and up 2.79 percentage points from the prior quarter.
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Analysis
Target (TGT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Target posted Return on Invested Capital [ROIC] of 12.60%, down 1.83 percentage points from FY2025.
- Return on Invested Capital [ROIC] has a five-year change of -7.81 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Invested Capital [ROIC] came in at 14.44% in FY2025 (-1.25 pp), 15.69% in FY2024 (+4.08 pp), 11.61% in FY2023 (-14.39 pp) and 26.00% in FY2022 (+5.58 pp).
- The fiscal Q2 2027 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2026.
- Year over year, Return on Invested Capital [ROIC] gained in two of the last eight quarters, with an average year-over-year change of -1.16 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q3 2022 (a gain of 7.68 percentage points); the low point was fiscal Q4 2023 (a drop of 14.86 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 11.61% (Q1 2027), 12.33% (Q4 2026) and 12.63% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 10.13% |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 23.31% |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 44.55% |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 26.54% |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 54.96% |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 33.92% |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 14.40% |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 0.00% |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 45.70% |
| 10 | JD.com | 41.49 Bn | -78.71 Bn | 8.74 Bn | 0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 14.40% |
| May 2, 2026 | 11.61% |
| Jan 31, 2026 | 12.33% |
| Nov 1, 2025 | 12.63% |
| Aug 2, 2025 | 13.45% |
| May 3, 2025 | 14.55% |
| Feb 1, 2025 | 14.20% |
| Nov 2, 2024 | 15.35% |
| Aug 3, 2024 | 15.90% |
| May 4, 2024 | 14.86% |
| Feb 3, 2024 | 15.38% |
| Oct 28, 2023 | 14.11% |
| Jul 29, 2023 | 13.45% |
| Apr 29, 2023 | 11.20% |
| Jan 28, 2023 | 11.42% |
| Oct 29, 2022 | 14.13% |
| Jul 30, 2022 | 17.75% |
| Apr 30, 2022 | 23.73% |
| Jan 29, 2022 | 26.27% |
| Oct 30, 2021 | 25.22% |
API Access
Target Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();