Stock Analysis on Net

Target Corp. (NYSE:TGT)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Target Corp., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$ in millions


The net profit margin exhibited considerable fluctuation between 2005 and 2026. Initial values demonstrated a generally positive trend, followed by a period of instability, and then a resurgence before stabilizing in recent years. A detailed examination reveals distinct phases in the company’s profitability.

Initial Period (2005-2008)
The net profit margin began at 6.83% in 2005, declining to 4.58% in 2006, before showing a slight recovery to 4.68% in 2007. This was followed by a further decrease to 4.50% in 2008. This initial period suggests a moderate, but generally downward, trend in profitability despite increasing net sales.
Period of Decline and Loss (2009-2014)
From 2009 through 2014, the net profit margin experienced a significant downturn. It fell to 3.41% in 2009, increased slightly to 3.81% in 2010, and then rose to a peak of 4.33% in 2011, before decreasing again. A substantial decline occurred in 2014, resulting in a negative net profit margin of -2.25%, indicating a net loss for the year. This period reflects considerable challenges in maintaining profitability, potentially due to increased costs or competitive pressures.
Recovery and Growth (2015-2020)
The company demonstrated a strong recovery starting in 2015, with the net profit margin returning to positive territory at 4.56%. This upward trend continued, reaching 6.55% in 2020. This period suggests successful implementation of cost-control measures, improved operational efficiency, or increased sales volume. The margin consistently exceeded 4% throughout this phase.
Recent Performance (2021-2026)
Following the peak in 2020, the net profit margin decreased to 2.55% in 2021, before recovering to 3.85% in 2022 and remaining relatively stable at 3.84% and 3.54% in 2023 and 2024 respectively. This recent period indicates a potential stabilization of profitability, albeit at a lower level than the peak observed in 2020. The fluctuations suggest sensitivity to external economic factors or internal strategic shifts.

Overall, the net profit margin demonstrates a cyclical pattern, with periods of growth, decline, and recovery. While the company has shown resilience in rebounding from periods of loss, maintaining consistent profitability remains a key challenge. The recent stabilization suggests a need for continued focus on cost management and revenue enhancement to sustain long-term financial health.


Comparison to Competitors


Comparison to Sector (Consumer Staples Distribution & Retail)

Target Corp., net profit margin, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Consumer Staples)