Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability Ratios (Summary)

Target Corp., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Return on Sales
Gross profit margin 28.32% 28.03% 27.78% 28.87% 28.70% 28.46% 28.37% 28.39% 28.48% 28.70% 28.72% 28.87% 29.26% 29.38% 29.57% 29.68% 29.93% 29.72% 29.63% 29.53% 29.69% 29.72% 29.61% 29.39%
Operating profit margin 6.74% 5.94% 5.05% 6.04% 5.97% 5.79% 5.58% 5.52% 5.57% 5.70% 5.77% 6.00% 6.46% 6.76% 6.98% 7.15% 8.22% 7.83% 7.81% 7.49% 6.69% 6.76% 6.39% 6.25%
Net profit margin 4.37% 4.21% 3.50% 4.25% 4.23% 4.15% 4.00% 3.95% 4.35% 4.21% 4.10% 4.08% 3.80% 3.99% 4.02% 3.94% 4.75% 4.59% 4.61% 4.56% -0.95% -1.22% -1.94% -2.25%
Return on Investment
Return on equity (ROE) 28.70% 28.00% 24.80% 27.73% 28.11% 26.64% 27.11% 26.00% 29.24% 27.74% 26.63% 25.06% 23.79% 25.03% 25.28% 24.99% 30.23% 28.39% 26.78% 25.96% -5.30% -6.46% -10.01% -11.69%
Return on assets (ROA) 7.54% 7.34% 6.18% 7.67% 7.42% 7.59% 7.42% 7.11% 7.44% 7.75% 7.63% 7.52% 6.51% 7.43% 7.49% 7.31% 8.67% 8.82% 8.42% 8.35% -1.69% -2.23% -3.51% -3.95%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Target Corp.’s gross profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Target Corp.’s operating profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Target Corp.’s net profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Target Corp.’s ROE improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
ROA A profitability ratio calculated as net income divided by total assets. Target Corp.’s ROA improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Gross Profit Margin

Target Corp., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Selected Financial Data (US$ in millions)
Gross margin 6,827  7,023  4,861  6,076  5,479  5,558  5,153  5,835  5,055  5,313  4,931  5,906  4,955  5,010  4,883  5,575  4,970  5,067  5,011  6,031  5,173  5,376  5,208  6,189  5,083  5,159  4,909 
Sales 22,336  22,696  19,371  23,132  18,414  18,183  17,401  22,735  17,590  17,552  16,556  22,766  16,667  16,429  16,017  20,689  16,441  16,169  16,196  21,626  17,613  17,427  17,119  21,750  17,254  16,957  16,657 
Profitability Ratio
Gross profit margin1 28.32% 28.03% 27.78% 28.87% 28.70% 28.46% 28.37% 28.39% 28.48% 28.70% 28.72% 28.87% 29.26% 29.38% 29.57% 29.68% 29.93% 29.72% 29.63% 29.53% 29.69% 29.72% 29.61% 29.39%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 39.57% 40.22% 40.27% 40.64% 40.99% 41.11% 41.27% 41.07% 40.25% 39.87% 38.78% 37.77% 37.07% 36.46% 35.98% 35.58% 35.09%
Costco Wholesale Corp. 11.32% 11.20% 11.15% 11.02% 11.09% 11.02% 10.98% 11.00% 10.92% 11.04% 11.14% 11.24% 11.25% 11.33% 11.37% 11.35% 11.42% 11.35% 11.26% 11.19% 11.15% 11.09%
Dollar General Corp. 31.56% 31.17% 30.71% 30.59% 30.42% 30.44% 30.40% 30.45% 30.66% 30.78% 30.80% 30.77% 30.65% 30.65% 30.76% 30.85% 30.87% 31.00% 30.99% 30.96% 30.91% 30.88% 30.79% 30.69%
Home Depot Inc. 34.03% 34.10% 34.06% 34.09% 34.13% 34.20% 34.26% 34.34% 34.31% 34.24% 34.15% 34.05% 34.08% 34.11% 34.14% 34.16% 34.18% 34.16% 34.16% 34.19% 34.41% 34.49% 34.66% 34.81%
Lowe’s Cos. Inc. 32.94% 32.89% 32.23% 31.80% 31.85% 31.47% 31.72% 32.12% 32.65% 33.43% 33.79% 34.11% 34.27% 34.34% 34.40% 34.55% 34.61% 34.71% 34.72% 34.82% 34.83% 34.76% 34.79% 34.79%
TJX Cos. Inc. 23.97% 23.61% 25.04% 28.46% 28.30% 28.32% 28.49% 28.59% 28.76% 28.96% 28.88% 28.89% 28.90% 28.81% 29.03% 28.98% 29.11% 28.97% 28.89% 28.79% 28.66% 28.75% 28.64% 28.55%
Walmart Inc. 24.24% 24.11% 23.94% 24.10% 24.23% 24.32% 24.43% 24.50% 24.56% 24.61% 24.65% 24.68% 24.85% 24.92% 24.95% 24.94% 24.93% 24.85% 24.72% 24.58% 24.45% 24.30% 24.31% 24.29%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

1 Q3 2021 Calculation
Gross profit margin = 100 × (Gross marginQ3 2021 + Gross marginQ2 2021 + Gross marginQ1 2021 + Gross marginQ4 2020) ÷ (SalesQ3 2021 + SalesQ2 2021 + SalesQ1 2021 + SalesQ4 2020)
= 100 × (6,827 + 7,023 + 4,861 + 6,076) ÷ (22,336 + 22,696 + 19,371 + 23,132) = 28.32%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Target Corp.’s gross profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Operating Profit Margin

Target Corp., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Selected Financial Data (US$ in millions)
Operating income 1,935  2,300  468  1,197  1,002  1,324  1,135  1,117  819  1,133  1,041  1,151  869  1,114  1,178  1,348  1,061  1,248  1,312  2,170  876  1,330  1,154  1,586  904  1,023  1,022 
Sales 22,336  22,696  19,371  23,132  18,414  18,183  17,401  22,735  17,590  17,552  16,556  22,766  16,667  16,429  16,017  20,689  16,441  16,169  16,196  21,626  17,613  17,427  17,119  21,750  17,254  16,957  16,657 
Profitability Ratio
Operating profit margin1 6.74% 5.94% 5.05% 6.04% 5.97% 5.79% 5.58% 5.52% 5.57% 5.70% 5.77% 6.00% 6.46% 6.76% 6.98% 7.15% 8.22% 7.83% 7.81% 7.49% 6.69% 6.76% 6.39% 6.25%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 5.93% 5.72% 5.24% 4.76% 5.18% 5.44% 5.96% 6.17% 5.33% 4.87% 3.55% 2.60% 2.31% 2.01% 2.31% 2.89% 3.08%
Costco Wholesale Corp. 3.43% 3.33% 3.16% 3.17% 3.21% 3.17% 3.23% 3.24% 3.16% 3.24% 3.29% 3.30% 3.25% 3.26% 3.20% 3.16% 3.21% 3.16% 3.15% 3.14% 3.18% 3.19%
Dollar General Corp. 10.48% 9.98% 8.98% 8.30% 8.15% 8.14% 8.18% 8.26% 8.37% 8.44% 8.44% 8.55% 8.84% 8.96% 9.21% 9.39% 9.38% 9.64% 9.62% 9.53% 9.46% 9.48% 9.41% 9.36%
Home Depot Inc. 14.01% 13.99% 13.85% 14.37% 14.26% 14.31% 14.36% 14.35% 14.53% 14.52% 14.43% 14.55% 14.53% 14.44% 14.31% 14.19% 13.98% 13.81% 13.56% 13.30% 13.17% 12.87% 12.79% 12.59%
Lowe’s Cos. Inc. 10.64% 10.53% 9.30% 8.75% 6.67% 5.83% 5.54% 5.63% 7.99% 8.90% 9.39% 9.60% 9.81% 9.06% 8.73% 8.99% 8.03% 8.85% 8.85% 8.41% 9.17% 8.86% 8.71% 8.52%
TJX Cos. Inc. 3.13% 3.26% 5.86% 10.59% 10.49% 10.56% 10.61% 10.82% 10.71% 10.86% 10.89% 10.84% 11.27% 11.30% 11.54% 11.60% 11.70% 11.80% 11.90% 11.97% 12.11% 12.31% 12.37% 12.40%
Walmart Inc. 4.11% 3.96% 3.93% 3.96% 4.12% 4.20% 4.25% 4.30% 4.01% 3.98% 4.06% 4.12% 4.52% 4.64% 4.71% 4.73% 4.83% 4.96% 4.94% 5.04% 5.29% 5.39% 5.52% 5.63%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

1 Q3 2021 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2021 + Operating incomeQ2 2021 + Operating incomeQ1 2021 + Operating incomeQ4 2020) ÷ (SalesQ3 2021 + SalesQ2 2021 + SalesQ1 2021 + SalesQ4 2020)
= 100 × (1,935 + 2,300 + 468 + 1,197) ÷ (22,336 + 22,696 + 19,371 + 23,132) = 6.74%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Target Corp.’s operating profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Net Profit Margin

Target Corp., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Selected Financial Data (US$ in millions)
Net earnings (loss) 1,014  1,690  284  834  714  938  795  798  622  799  718  1,101  480  672  681  817  608  680  632  1,426  549  753  635  (2,640) 352  234  418 
Sales 22,336  22,696  19,371  23,132  18,414  18,183  17,401  22,735  17,590  17,552  16,556  22,766  16,667  16,429  16,017  20,689  16,441  16,169  16,196  21,626  17,613  17,427  17,119  21,750  17,254  16,957  16,657 
Profitability Ratio
Net profit margin1 4.37% 4.21% 3.50% 4.25% 4.23% 4.15% 4.00% 3.95% 4.35% 4.21% 4.10% 4.08% 3.80% 3.99% 4.02% 3.94% 4.75% 4.59% 4.61% 4.56% -0.95% -1.22% -1.94% -2.25%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 5.53% 4.99% 4.10% 3.56% 4.13% 4.27% 4.80% 4.97% 4.33% 4.03% 3.02% 2.04% 1.71% 1.20% 1.28% 1.81% 1.74%
Costco Wholesale Corp. 2.55% 2.45% 2.36% 2.44% 2.47% 2.45% 2.46% 2.40% 2.30% 2.26% 2.21% 2.23% 2.14% 2.12% 2.11% 2.01% 2.07% 2.02% 2.03% 2.01% 2.07% 2.09%
Dollar General Corp. 7.84% 7.48% 6.69% 6.17% 6.09% 6.11% 6.16% 6.20% 7.24% 7.06% 6.77% 6.56% 5.31% 5.38% 5.53% 5.69% 5.71% 5.86% 5.83% 5.72% 5.72% 5.73% 5.68% 5.63%
Home Depot Inc. 9.94% 9.91% 9.79% 10.20% 10.01% 10.18% 10.24% 10.28% 10.00% 9.45% 8.85% 8.55% 8.66% 8.63% 8.53% 8.41% 8.23% 8.08% 8.00% 7.92% 7.98% 7.88% 7.76% 7.63%
Lowe’s Cos. Inc. 6.29% 7.12% 6.17% 5.93% 4.11% 3.52% 3.31% 3.25% 5.19% 5.58% 5.55% 5.02% 5.16% 4.51% 4.22% 4.76% 3.91% 4.58% 4.58% 4.31% 5.11% 4.91% 4.82% 4.80%
TJX Cos. Inc. 2.24% 2.11% 4.57% 7.84% 7.70% 7.65% 7.69% 7.85% 7.98% 7.88% 7.58% 7.27% 7.01% 6.83% 6.96% 6.93% 7.00% 7.23% 7.31% 7.36% 7.46% 7.58% 7.59% 7.62%
Walmart Inc. 3.62% 3.33% 2.83% 2.86% 2.79% 2.50% 1.64% 1.31% 1.02% 1.03% 1.79% 1.99% 2.33% 2.62% 2.82% 2.83% 3.01% 3.07% 3.01% 3.07% 3.14% 3.21% 3.34% 3.39%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

1 Q3 2021 Calculation
Net profit margin = 100 × (Net earnings (loss)Q3 2021 + Net earnings (loss)Q2 2021 + Net earnings (loss)Q1 2021 + Net earnings (loss)Q4 2020) ÷ (SalesQ3 2021 + SalesQ2 2021 + SalesQ1 2021 + SalesQ4 2020)
= 100 × (1,014 + 1,690 + 284 + 834) ÷ (22,336 + 22,696 + 19,371 + 23,132) = 4.37%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Target Corp.’s net profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Return on Equity (ROE)

Target Corp., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Selected Financial Data (US$ in millions)
Net earnings (loss) 1,014  1,690  284  834  714  938  795  798  622  799  718  1,101  480  672  681  817  608  680  632  1,426  549  753  635  (2,640) 352  234  418 
Shareholders’ investment 13,319  12,578  11,169  11,833  11,545  11,836  11,117  11,297  11,080  11,167  11,158  11,709  11,137  11,098  11,021  10,953  11,069  11,577  12,545  12,957  13,256  13,942  14,174  13,997  16,373  16,433  16,486 
Profitability Ratio
ROE1 28.70% 28.00% 24.80% 27.73% 28.11% 26.64% 27.11% 26.00% 29.24% 27.74% 26.63% 25.06% 23.79% 25.03% 25.28% 24.99% 30.23% 28.39% 26.78% 25.96% -5.30% -6.46% -10.01% -11.69%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 22.84% 20.99% 17.88% 16.18% 18.67% 20.08% 22.80% 24.80% 23.13% 22.75% 17.93% 12.52% 10.95% 7.81% 8.28% 11.91% 12.29%
Costco Wholesale Corp. 29.10% 21.89% 22.08% 22.74% 23.55% 24.00% 24.89% 24.89% 24.77% 24.49% 24.79% 25.18% 25.04% 24.86% 25.65% 19.16% 20.17% 19.46% 20.32% 20.99% 21.76% 22.39%
Dollar General Corp. 36.47% 31.80% 27.44% 25.55% 24.97% 24.14% 24.49% 24.77% 28.61% 27.23% 26.05% 25.12% 21.60% 21.52% 22.35% 23.14% 22.63% 22.74% 22.40% 21.66% 21.41% 20.80% 20.35% 18.66%
Home Depot Inc. 813.68% 799.70% 490.49% 534.68% 593.54% 337.99% 236.33% 206.16% 183.64% 136.68% 111.76% 114.18% 110.97% 90.79% 77.91% 71.11% 68.06%
Lowe’s Cos. Inc. 131.77% 131.40% 266.43% 217.09% 119.93% 95.76% 73.30% 63.50% 68.43% 68.05% 66.72% 58.69% 61.93% 55.33% 50.82% 48.07% 36.99% 40.47% 38.23% 33.26% 35.63% 32.62% 28.99% 27.07%
TJX Cos. Inc. 13.47% 15.26% 35.54% 55.01% 56.45% 57.76% 59.31% 60.61% 58.89% 56.91% 52.98% 50.66% 51.85% 51.03% 51.08% 50.95% 52.81% 52.21% 50.97% 52.88% 51.94% 53.02% 52.10% 51.95%
Walmart Inc. 24.24% 23.76% 22.02% 19.93% 20.14% 18.27% 12.28% 9.20% 7.16% 7.30% 11.86% 12.66% 15.03% 16.66% 18.46% 17.54% 18.61% 19.25% 19.20% 18.24% 18.96% 19.64% 21.04% 20.10%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

1 Q3 2021 Calculation
ROE = 100 × (Net earnings (loss)Q3 2021 + Net earnings (loss)Q2 2021 + Net earnings (loss)Q1 2021 + Net earnings (loss)Q4 2020) ÷ Shareholders’ investment
= 100 × (1,014 + 1,690 + 284 + 834) ÷ 13,319 = 28.70%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Target Corp.’s ROE improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Return on Assets (ROA)

Target Corp., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Selected Financial Data (US$ in millions)
Net earnings (loss) 1,014  1,690  284  834  714  938  795  798  622  799  718  1,101  480  672  681  817  608  680  632  1,426  549  753  635  (2,640) 352  234  418 
Total assets 50,661  48,000  44,806  42,779  43,741  41,566  40,619  41,290  43,572  39,996  38,929  38,999  40,708  37,366  37,218  37,431  38,603  37,288  39,908  40,262  41,696  40,386  40,446  41,404  46,461  44,455  44,042 
Profitability Ratio
ROA1 7.54% 7.34% 6.18% 7.67% 7.42% 7.59% 7.42% 7.11% 7.44% 7.75% 7.63% 7.52% 6.51% 7.43% 7.49% 7.31% 8.67% 8.82% 8.42% 8.35% -1.69% -2.23% -3.51% -3.95%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 6.64% 6.16% 5.10% 4.77% 5.14% 5.70% 6.32% 6.74% 6.19% 6.20% 4.68% 3.12% 2.31% 1.67% 2.19% 3.19% 2.84%
Costco Wholesale Corp. 7.18% 7.20% 7.17% 7.74% 7.26% 8.06% 8.24% 8.06% 7.44% 7.68% 7.60% 7.65% 7.04% 7.37% 7.13% 6.69% 6.61% 7.09% 6.90% 7.13% 6.66% 7.11%
Dollar General Corp. 9.74% 9.05% 7.96% 7.50% 7.41% 7.43% 7.56% 12.04% 13.86% 13.42% 13.00% 12.30% 10.03% 10.10% 10.47% 10.72% 10.18% 10.60% 10.67% 10.35% 10.14% 10.07% 10.00% 9.49%
Home Depot Inc. 18.66% 18.67% 18.68% 21.94% 21.23% 21.54% 21.80% 25.27% 23.35% 21.31% 19.34% 19.38% 19.09% 18.27% 18.17% 18.52% 17.27% 16.81% 16.23% 16.47% 15.67% 15.36% 15.40% 15.88%
Lowe’s Cos. Inc. 10.55% 11.06% 9.98% 10.85% 7.41% 6.21% 5.49% 6.71% 10.05% 10.60% 10.02% 9.77% 9.67% 8.35% 7.47% 8.99% 6.90% 7.67% 7.42% 8.14% 8.87% 8.65% 7.98% 8.48%
TJX Cos. Inc. 2.38% 2.68% 6.63% 13.55% 12.88% 13.40% 13.53% 21.36% 20.60% 21.08% 19.90% 18.55% 17.36% 17.91% 18.23% 17.84% 17.77% 19.92% 19.75% 19.81% 18.84% 19.99% 19.67% 19.91%
Walmart Inc. 7.87% 7.54% 6.45% 6.29% 6.02% 5.47% 3.57% 3.04% 2.28% 2.52% 4.37% 4.82% 5.46% 6.32% 6.81% 6.86% 6.99% 7.44% 7.26% 7.36% 7.35% 7.80% 8.03% 8.03%

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

1 Q3 2021 Calculation
ROA = 100 × (Net earnings (loss)Q3 2021 + Net earnings (loss)Q2 2021 + Net earnings (loss)Q1 2021 + Net earnings (loss)Q4 2020) ÷ Total assets
= 100 × (1,014 + 1,690 + 284 + 834) ÷ 50,661 = 7.54%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Target Corp.’s ROA improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.