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Screener / SEC EDGAR /CIK 0000027419 /10-K filed Mar 11, 2026, compared with Mar 12, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
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NYSE Consumer staples · Discount Stores

Target Corporation TGT

TGT quote by TradingView

Target Corporation was incorporated in Minnesota in 1902. 10-K, Item 1

Headquarters
Minneapolis, MN
CEO
Brian C. Cornell
Next results
around Nov 18, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $104.8B through the costs to a net profit of $3.7B · income statement of the 10-K

5% operating margin
Revenue to Gross profit: $29.3BRevenue to Cost of revenue: $75.5BGross profit to Operating profit: $5.1BGross profit to Operating expenses: $24.2BOperating profit to Net profit: $3.7BOperating profit to Tax & other: $1.4B Revenue: $104.8B REVENUE $104.8B −2% Y/Y Gross profit: $29.3B · 28% margin GROSS PROFIT $29.3B 28% margin Cost of revenue: $75.5B · 72% of revenue COST OF REVENUE $75.5B 72% of revenue Operating profit: $5.1B · 5% margin OPERATING PROFIT $5.1B 5% margin · −8% Y/Y Operating expenses: $24.2B · 23% of revenue OPERATING EXPENSES $24.2B 23% of revenue Net profit: $3.7B · 4% margin NET PROFIT $3.7B 4% margin · −9% Y/Y Tax & other: $1.4B · 1% of revenue TAX & OTHER $1.4B 1% of revenue
Gross profit $29.3B 28% margin
Operating profit $5.1B 5% margin · −8% Y/Y
Net profit $3.7B 4% margin · −9% Y/Y
The full income statement, year by year

TGT among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: -1.7%, above 22% of 32 peers (their median 2.2%) REVENUE GROWTH -1.7% · above 22% Gross margin: 29.3%, above 23% of 30 peers (their median 40.5%) GROSS MARGIN 29.3% · above 23% Operating margin: 5.6%, above 32% of 28 peers (their median 14.1%) OPERATING MARGIN 5.6% · above 32% Net margin: 4.1%, above 41% of 32 peers (their median 8.8%) NET MARGIN 4.1% · above 41% FCF margin: 4.1%, above 25% of 32 peers (their median 10.7%) FCF MARGIN 4.1% · above 25% Return on capital: 12.0%, above 46% of 24 peers (their median 12.3%) RETURN ON CAPITAL 12.0% · above 46%
TGT Peer median Below the median

What changed

13 new risk paragraphs. 10-K filed Mar 11, 2026 against Mar 12, 2025.

Risk factors
13 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Cash from operations $6.6B vs net income $3.7B (FY ending Jan 31, 2026)
  • Inventory -3.4% vs revenue -1.7% (-1.7 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: FINANCIAL STATEMENTS Table of Contents; REPORTS Index to Financial Statements; Valuation of Vendor Income Receivable
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

13 paragraphs in Risk Factors that were not in the 10-K filed Mar 12, 2025. Quoted as filed.

All 13 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    Beginning in 2025, we began a company-wide business transformation effort to increase speed and agility across the organization in support of our strategic priorities. This initiative is intended to simplify cross-functional ways of working, increase role clarity, leverage technology (including artificial intelligence) and data to…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    Our Roundel retail media network may not maintain or grow advertising revenue, which could adversely affect our results of operations. Roundel, our in-house retail media network, offers advertising services on a variety of digital platforms primarily to our merchandise vendors, either directly or via advertising agencies, and Target…
  3. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    We rely extensively on technology systems throughout our business, including systems that we develop internally. We also rely on continued and unimpeded access to the Internet to use our technology systems. These systems are
  4. Item 1A · new paragraph · not in the 10-K filed Mar 12, 2025 10-K, ITEM 1A
    We also utilize a first sale declaration program, which is subject to rigorous requirements, to pay duties and tariffs to U.S. Customs for merchandise on the basis of the price paid by our vendors rather than the price paid by the importer of record. Our program may be subject to inquiries, investigations, or regulatory proceedings by…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$109.1B$107.4B$106.6B$104.8B
Net income$2.8B$4.1B$4.1B$3.7B
Operating cash flow$4.0B$8.6B$7.4B$6.6B
Free cash flow−$1.5B$3.8B$4.5B$2.8B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$104.8B ▼ 1.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Target Corporation, Minneapolis, MN · from the 10-K filed Mar 11, 2026

Target Corporation was incorporated in Minnesota in 1902. Our corporate purpose is to help all families discover the joy of everyday life. We offer our customers, referred to as "guests," fashionable, differentiated merchandise and everyday essentials at discounted prices. We operate as a single segment designed to enable guests to purchase products seamlessly in stores or through our digital channels. Since 1946, we have given 5 percent of our profit to communities.

Headquarters
Minneapolis, MN
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
February 1
Last results
Aug 19, 2026
Incorporated in
MN

Email alerts

Sources

The 10-K filed Mar 11, 2026 (open at SEC), compared with the 10-K filed Mar 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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