Target Corporation
TGT Consumer Defensive Discount Stores
Target Corporation’s revenue for fiscal 2026 (year ended January 2026) was $104.8 billion, down 1.68% from fiscal 2025. Member of the S&P 500; dividend growth for twenty-five consecutive years.
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Target Corporation (TGT) Altman Z-score
Target Corporation's Altman Z-score for fiscal 2026 is 2.90, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.90 | (0.31) |
| FY2025 | 3.21 | (0.12) |
| FY2024 | 3.34 | (0.17) |
| FY2023 | 3.51 | (0.76) |
| FY2022 | 4.27 | 0.29 |
| FY2021 | 3.98 | 0.53 |
| FY2020 | 3.45 | 0.39 |
| FY2019 | 3.06 | (0.16) |
| FY2018 | 3.22 | (0.13) |
| FY2017 | 3.35 | (0.27) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.02) | — | −0.02 | |
| Retained earnings / total assets | 0.16 | — | 0.22 | |
| EBIT / total assets | 0.09 | — | 0.28 | |
| Market value of equity / total liabilities | 1.11 | — | 0.66 | |
| Sales / total assets | 1.76 | — | 1.76 | |
| Altman Z-score | Grey zone | 2.90 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.34 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| COST Costco Wholesale Corporation compare | 9.0× |
| WMT Walmart Inc. compare | 6.5× |
| OLLI Ollie's Bargain Outlet Holdings, Inc. compare | 6.0× |
| PSMT PriceSmart, Inc. compare | 5.3× |
| BJ BJ's Wholesale Club Holdings, Inc. compare | 4.7× |
| DLTR Dollar Tree, Inc. compare | 3.8× |
| TBBB BBB Foods Inc. compare | 3.5× |
| TGT Target Corporation | 2.9× |
| DG Dollar General Corporation compare | 2.7× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on TGT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement