TGTTARGET CORP
Retail-Variety Stores
- Revenue
- $104.8B
- 1.7% YoY
- Operating margin
- 4.9%
- 6.5% YoY
- EBITDA
- $8.3B
- 3.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.4×
- $11.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear177% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $106.0B | $109.1B | $107.4B | $106.6B | $104.8B | 1.7% |
| Operating income | $8.9B | $3.8B | $5.7B | $5.6B | $5.1B | 8.1% |
| Net income | $6.9B | $2.8B | $4.1B | $4.1B | $3.7B | 9.4% |
| Operating cash flow | $8.6B | $4.0B | $8.6B | $7.4B | $6.6B | 11% |
| Capex | $3.5B | $5.5B | $4.8B | $2.9B | $3.7B | 29% |
| Stock-based comp | $228M | $220M | $251M | $304M | $281M | 7.6% |
| Buybacks | $7.2B | $2.6B | $0 | $1.0B | $408M | 59% |
| Dividends | $1.5B | $1.8B | $2.0B | $2.0B | $2.1B | 0.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $22M | $8M | 67 | 177 |
| FY2025 | $20M | $19M | 140 | 230 |
| FY2024 | $19M | $11M | 143 | 169 |
| FY2023 | $18M | −$10M | 161 | 123 |
| FY2022 | $20M | $58M | 203 | 145 |