TTM
7.5%
YoY change
−0.15pp
Trough year (2022)
6.0%
Peak year (2021)
11.3%
Latest annual
8.0%
EBITDA Margin history chart for Target (TGT) from 1985 to 2025
Latest: 8.0%
EBITDA Margin change chart for Target (TGT) from 1985 to 2025
Latest: −0.15pp
EBITDA Margin history table for Target (TGT) from 1985 to 2025
| 2025 | 8.0% | -0.15pp | ||
| 2024 | 8.1% | +0.11pp | ||
| 2023 | 8.0% | +1.96pp | ||
| 2022 | 6.0% | -5.25pp | ||
| 2021 | 11.3% | +1.66pp | ||
| 2020 | 9.6% | +0.32pp | ||
| 2019 | 9.3% | +0.54pp | ||
| 2018 | 8.8% | -0.52pp | ||
| 2017 | 9.3% | -1.05pp | ||
| 2016 | 10.3% | -0.15pp | ||
| 2015 | 10.5% | +1.32pp | ||
| 2014 | 9.2% | -0.88pp | ||
| 2013 | 10.1% | -0.57pp | ||
| 2012 | 10.6% | -0.05pp | ||
| 2011 | 10.7% | -0.22pp | ||
| 2010 | 10.9% | +0.64pp | ||
| 2009 | 10.2% | +0.62pp | ||
| 2008 | 9.6% | -1.31pp | ||
| 2007 | 10.9% | -0.10pp | ||
| 2006 | 11.0% | +0.14pp | ||
| 2005 | 10.9% | +0.52pp | ||
| 2004 | 10.4% | +0.25pp | ||
| 2003 | 10.1% | +0.03pp | ||
| 2002 | 10.1% | +0.66pp | ||
| 2001 | 9.4% | +0.18pp | ||
| 2000 | 9.3% | -0.18pp | ||
| 1999 | 9.4% | +0.53pp | ||
| 1998 | 8.9% | +0.14pp | ||
| 1997 | 8.8% | +0.85pp | ||
| 1996 | 7.9% | +1.38pp | ||
| 1995 | 6.5% | -1.31pp | ||
| 1994 | 7.8% | -0.22pp | ||
| 1993 | 8.1% | -0.34pp | ||
| 1992 | 8.4% | +0.46pp | ||
| 1991 | 7.9% | -1.26pp | ||
| 1990 | 9.2% | -0.06pp | ||
| 1989 | 9.3% | +1.22pp | ||
| 1988 | 8.0% | +0.70pp | ||
| 1987 | 7.3% | -1.26pp | ||
| 1986 | 8.6% | -0.55pp | ||
| 1985 | 9.2% | — |
- 20258.0%-0.15pp
- 20248.1%+0.11pp
- 20238.0%+1.96pp
- 20226.0%-5.25pp
- 202111.3%+1.66pp
- 20209.6%+0.32pp
- 20199.3%+0.54pp
- 20188.8%-0.52pp
- 20179.3%-1.05pp
- 201610.3%-0.15pp
- 201510.5%+1.32pp
- 20149.2%-0.88pp
- 201310.1%-0.57pp
- 201210.6%-0.05pp
- 201110.7%-0.22pp
- 201010.9%+0.64pp
- 200910.2%+0.62pp
- 20089.6%-1.31pp
- 200710.9%-0.10pp
- 200611.0%+0.14pp
- 200510.9%+0.52pp
- 200410.4%+0.25pp
- 200310.1%+0.03pp
- 200210.1%+0.66pp
- 20019.4%+0.18pp
- 20009.3%-0.18pp
- 19999.4%+0.53pp
- 19988.9%+0.14pp
- 19978.8%+0.85pp
- 19967.9%+1.38pp
- 19956.5%-1.31pp
- 19947.8%-0.22pp
- 19938.1%-0.34pp
- 19928.4%+0.46pp
- 19917.9%-1.26pp
- 19909.2%-0.06pp
- 19899.3%+1.22pp
- 19888.0%+0.70pp
- 19877.3%-1.26pp
- 19868.6%-0.55pp
- 19859.2%—
EBITDA Margin values are taken from Target's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Target (TGT)
According to Target's latest reported financial statements, the company's latest reported EBITDA margin is 7.5%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Target (TGT) EBITDA margin totalled 7.97% – contracted 0.2 percentage points year-over-year.
11.29% stands as the all-time-high annual EBITDA margin, posted in 2021, against a low of 6.04% during 2022.
Target EBITDA Margin by Year
Target EBITDA Margin 2025: 8.0%
Target posted EBITDA margin of 7.97% in 2025, contracted 0.2 percentage points from 2024.
Target EBITDA Margin 2024: 8.1%
In 2024, Target reported EBITDA margin of 8.12%, expanded 0.1 percentage points from 2023.
Target EBITDA Margin 2023: 8.0%
Target EBITDA margin in 2023 was 8.01%, expanded 2.0 percentage points from 2022.
Target EBITDA Margin 2022: 6.0%
2022's EBITDA margin for Target came in at 6.04%, contracted 5.2 percentage points from 2021. This figure represents the lowest annual value in the available history.
Target EBITDA Margin 2021: 11.3%
Target EBITDA margin in 2021 was 11.29%.
See more financial history for Target (TGT).
Sector peers by EBITDA Margin
Consumer Defensive peers of Target (TGT), ranked by their latest EBITDA margin
| 53.6% | |
| 42.8% | |
| 37.8% | |
| 31.0% | |
| 26.8% | |
| 15.8% | |
| 6.1% | |
| 4.9% |
- 53.6%
- 37.8%
- 15.8%
- 6.1%
- 4.9%
Frequently asked questions
Target (TGT) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation