TTM
3.9%
YoY change
−1.49pp
Trough year (2002)
-4.4%
Peak year (2020)
8.4%
Latest annual
2.7%
FCF Margin history chart for Target (TGT) from 1989 to 2025
Latest: 2.7%
FCF Margin change chart for Target (TGT) from 1989 to 2025
Latest: −1.49pp
FCF Margin history table for Target (TGT) from 1989 to 2025
| 2025 | 2.7% | -1.49pp | ||
| 2024 | 4.2% | +0.65pp | ||
| 2023 | 3.6% | +4.94pp | ||
| 2022 | -1.4% | -6.18pp | ||
| 2021 | 4.8% | -3.62pp | ||
| 2020 | 8.4% | +3.18pp | ||
| 2019 | 5.2% | +1.98pp | ||
| 2018 | 3.3% | -2.78pp | ||
| 2017 | 6.0% | +0.50pp | ||
| 2016 | 5.5% | -0.44pp | ||
| 2015 | 6.0% | +2.32pp | ||
| 2014 | 3.7% | -0.65pp | ||
| 2013 | 4.3% | +1.51pp | ||
| 2012 | 2.8% | +1.27pp | ||
| 2011 | 1.5% | -3.14pp | ||
| 2010 | 4.7% | -1.69pp | ||
| 2009 | 6.4% | +4.99pp | ||
| 2008 | 1.4% | +1.74pp | ||
| 2007 | -0.4% | -1.96pp | ||
| 2006 | 1.6% | -0.45pp | ||
| 2005 | 2.0% | +1.75pp | ||
| 2004 | 0.3% | -0.10pp | ||
| 2003 | 0.4% | +4.73pp | ||
| 2002 | -4.4% | -1.42pp | ||
| 2001 | -2.9% | -1.25pp | ||
| 2000 | -1.7% | -2.68pp | ||
| 1999 | 1.0% | +0.65pp | ||
| 1998 | 0.3% | -1.25pp | ||
| 1997 | 1.6% | +0.97pp | ||
| 1996 | 0.6% | +2.15pp | ||
| 1995 | -1.5% | -0.58pp | ||
| 1994 | -1.0% | -2.25pp | ||
| 1993 | 1.3% | +0.93pp | ||
| 1992 | 0.4% | +3.92pp | ||
| 1991 | -3.5% | -3.19pp | ||
| 1990 | -0.4% | -1.24pp | ||
| 1989 | 0.9% | — |
- 20252.7%-1.49pp
- 20244.2%+0.65pp
- 20233.6%+4.94pp
- 2022-1.4%-6.18pp
- 20214.8%-3.62pp
- 20208.4%+3.18pp
- 20195.2%+1.98pp
- 20183.3%-2.78pp
- 20176.0%+0.50pp
- 20165.5%-0.44pp
- 20156.0%+2.32pp
- 20143.7%-0.65pp
- 20134.3%+1.51pp
- 20122.8%+1.27pp
- 20111.5%-3.14pp
- 20104.7%-1.69pp
- 20096.4%+4.99pp
- 20081.4%+1.74pp
- 2007-0.4%-1.96pp
- 20061.6%-0.45pp
- 20052.0%+1.75pp
- 20040.3%-0.10pp
- 20030.4%+4.73pp
- 2002-4.4%-1.42pp
- 2001-2.9%-1.25pp
- 2000-1.7%-2.68pp
- 19991.0%+0.65pp
- 19980.3%-1.25pp
- 19971.6%+0.97pp
- 19960.6%+2.15pp
- 1995-1.5%-0.58pp
- 1994-1.0%-2.25pp
- 19931.3%+0.93pp
- 19920.4%+3.92pp
- 1991-3.5%-3.19pp
- 1990-0.4%-1.24pp
- 19890.9%—
FCF 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 FCF Margin at Target (TGT)
According to Target's latest reported financial statements, the company's latest reported free cash flow margin is 3.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Target (TGT) most recent annual free cash flow margin stands at 2.71% (2025) – contracted 1.5 percentage points year-over-year.
2020 marks the peak free cash flow margin at 8.42%, with the historical low of -4.36% recorded in 2002.
Target FCF Margin by Year
Target FCF Margin 2025: 2.7%
Target free cash flow margin in 2025 was 2.71%, contracted 1.5 percentage points from 2024.
Target FCF Margin 2024: 4.2%
2024's free cash flow margin for Target came in at 4.20%, expanded 0.6 percentage points from 2023.
Target FCF Margin 2023: 3.6%
Target posted free cash flow margin of 3.55% in 2023, expanded 4.9 percentage points from 2022.
Target FCF Margin 2022: -1.4%
In 2022, Target reported free cash flow margin of -1.38%, contracted 6.2 percentage points from 2021.
Target FCF Margin 2021: 4.8%
Target free cash flow margin in 2021 was 4.79%.
See more financial history for Target (TGT).
Sector peers by FCF Margin
Consumer Defensive peers of Target (TGT), ranked by their latest free cash flow margin
| 39.5% | |
| 25.7% | |
| 25.5% | |
| 23.6% | |
| 17.3% | |
| 9.3% | |
| 3.0% | |
| 1.7% |
- 39.5%
- 25.5%
- 9.3%
- 3.0%
- 1.7%
Frequently asked questions
Target (TGT) Key Financials
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