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Target’s start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $106 billion in fiscal 2024 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2024 revenue), beauty and household essentials (30%), food and beverage (23%), hardlines (15%), as well as home furnishings (16%). Target’s model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.
1902
440K+
LTM Revenue $105B
LTM EBITDA $8.0B
$60.2B
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As of November 2025, Target reported last 12-month revenue of $105B and EBITDA of $8.0B.
In the same period, Target generated $29.2B in LTM gross profit and $3.5B in net income.
See Target valuation multiples based on analyst estimatesIn the most recent fiscal year, Target reported revenue of $107B and EBITDA of $8.7B.
Target expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Target valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $105B | XXX | $107B | XXX | XXX | XXX |
| Gross Profit | $29.2B | XXX | $30.1B | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $8.0B | XXX | $8.7B | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| EBIT | $4.9B | XXX | $5.6B | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $3.5B | XXX | $4.1B | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $11.2B | XXX | XXX | XXX |
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Target has current market cap of $44.0B, and EV of $60.2B.
As of December 12, 2025, Target's stock price is $97.
See Target trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $60.2B | $44.0B | XXX | XXX | XXX | XXX | $7.49 |
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Start Free TrialTarget's trades at 0.6x EV/Revenue multiple, and 7.0x EV/EBITDA.
See valuation multiples for Target and 15K+ public compsAs of December 12, 2025, Target has market cap of $44.0B and EV of $60.2B.
Equity research analysts estimate Target's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Target has a P/E ratio of 12.5x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $44.0B | XXX | $44.0B | XXX | XXX | XXX |
| EV (current) | $60.2B | XXX | $60.2B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBIT | 12.4x | XXX | 10.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.5x | XXX | 10.7x | XXX | XXX | XXX |
| EV/FCF | 21.7x | XXX | 13.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTarget's last 12 month revenue growth is 1%
Target's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Target's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Target's rule of X is 11% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Target and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | -3% | XXX | XXX | XXX |
| Rule of 40 | 9% | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Coles Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Myer Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Woolworths Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Central Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Target acquired XXX companies to date.
Last acquisition by Target was XXXXXXXX, XXXXX XXXXX XXXXXX . Target acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Target founded? | Target was founded in 1902. |
| Where is Target headquartered? | Target is headquartered in United States of America. |
| How many employees does Target have? | As of today, Target has 440K+ employees. |
| Who is the CEO of Target? | Target's CEO is Mr. Brian C. Cornell. |
| Is Target publicy listed? | Yes, Target is a public company listed on NYS. |
| What is the stock symbol of Target? | Target trades under TGT ticker. |
| When did Target go public? | Target went public in 1972. |
| Who are competitors of Target? | Similar companies to Target include e.g. Lulu Retail, Coles Group, Myer Holdings, Woolworths Group. |
| What is the current market cap of Target? | Target's current market cap is $44.0B |
| What is the current revenue of Target? | Target's last 12 months revenue is $105B. |
| What is the current revenue growth of Target? | Target revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Target? | Current revenue multiple of Target is 0.6x. |
| Is Target profitable? | Yes, Target is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Target? | Target's last 12 months EBITDA is $8.0B. |
| What is Target's EBITDA margin? | Target's last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Target? | Current EBITDA multiple of Target is 7.5x. |
| What is the current FCF of Target? | Target's last 12 months FCF is $2.8B. |
| What is Target's FCF margin? | Target's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Target? | Current FCF multiple of Target is 21.7x. |
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