Target Corporation (TGT)财务
NYSE · Consumer Defensive · Discount Stores · 员工415,000人 · CEO Michael J. Fiddelke
- 股价
- $154.24 +1.59%
- 市值
- $701亿
- 企业价值
- $834亿
- 最近财报
- Q2 '26 2026-08-28提交
- 下次财报
- 2026-11-18 EPS预期 $2.05
营收(TTM)$1080亿+2.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)5.6%+0.5 百分点 对比去年同期营业利润 $60.2亿
净利润(TTM)$43.9亿+11.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)$45.5亿+54.6% 对比去年同期资本支出 $41.7亿
稀释EPS(TTM)$9.63+12.2% 对比去年同期最近4个季度之和
净现金-$133亿+15.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $701亿 EV $834亿
- 营收
- $1080亿 过去12个月
- 营收增速
- +5% FY2027年一致预期
- 净利润率
- 4.1% 净利润 / 营收,TTM
- P/E
- 15.9× 预期 15.1×(FY2027)
- P/S
- 0.7× 股价 / 营收,TTM
- EV / EBITDA
- 9.0× TTM
- 自由现金流
- $45.5亿 过去12个月
- 净利润
- $43.9亿 过去12个月
- 营收预期
- $1100亿 FY2027年一致预期
- 盈利
- 2026-11-18 营收预期 $264亿
- 股息
- $4.58 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-19):营收超预期1.6%,EPS 超预期74.9%营收$265亿,预期$261亿(+1.6%);EPS $4.11,预期$2.35(+74.9%)。
- 营收增长加速:同比5.3%Q2 '26营收$265亿,此前四个季度的平均值为0.7%。
- 营业利润率5.6%(TTM),较去年同期+0.5 百分点营收增长2.0%,营业利润增长11.0%。
- 资本支出占营收的3.9%(去年为3.3%)最近4个季度投入$41.7亿(同比+21.2%)。自由现金流$45.5亿,相当于净利润的103.6%。
- 股东回报$25.6亿 = 自由现金流的56.3%回购$4.92亿(去年为$11.1亿),股息$20.7亿,股权激励$3.02亿(TTM)。
- 稀释股数一年内增加0.2%Q2 '26稀释股数4.57亿,一年前为4.56亿。
- 净债务 $133亿现金 + 短期投资 $54.1亿,含租赁债务 $187亿;一年前净债务 $156亿。
- Reportable Segment:营收+5.3%,利润率9.6%(此前为5.2%)Q2 '26增长最快的披露分部:营收$265亿,营业利润$25.6亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-08-01的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $265亿 | $252亿 | +5.3% |
| 毛利率 | 33.7% | 29.0% | +4.7 百分点 |
| 营业利润 | $25.6亿 | $13.2亿 | +94.4% |
| 营业利润率 | 9.6% | 5.2% | +4.4 百分点 |
| 净利润 | $18.8亿 | $9.35亿 | +100.7% |
| 稀释EPS | $4.11 | $2.05 | +100.5% |
| 经营现金流 | $38亿 | $20.8亿 | +82.6% |
| 资本支出 | $13.7亿 | $10.7亿 | +27.5% |
| 自由现金流 | $24.3亿 | $10.1亿 | +141.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1亿 | $6400万 | +56.3% |
实际 vs 一致预期
2026-08-19| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $265亿 | $261亿 | +1.6% |
| EPS(一致预期口径) | $4.11 | $2.35 | +74.9% |
来自2026-08-19发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Food and Beverage | $59.9亿 | +7.2% | 22.6% | – | – | |
| Beauty and Household Essentials | $46.2亿 | +4.4% | 17.4% | – | – | |
| Hardlines | $38.9亿 | +10.6% | 14.7% | – | – | |
| Home Furnishings and Decor | $36.7亿 | +0.2% | 13.8% | – | – | |
| Beauty | $36.4亿 | +7.2% | 13.7% | – | – | |
| Apparel and Accessories | $40.9亿 | +0.1% | 15.4% | – | – | |
| Advertising Revenue | $2.79亿 | +28.6% | 1.1% | – | – | |
| Other Product | $2.22亿 | +20.7% | 0.8% | – | – | |
| Credit Card Profit Sharing | $1.39亿 | +3.7% | 0.5% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $265亿 | +5.3% | $25.6亿 | +94.4% | 9.6% | 5.2% | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $87.2亿
- 资本支出
- -$41.7亿
- 股票回购
- -$4.92亿
- 股息
- -$20.7亿
- 收购
- $0
- 债务净发行
- -$11.4亿
- 股权激励费用
- $3.02亿
- 自由现金流
- $45.5亿
- 股东回报 / FCF
- 56.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 15.9× | 17.6× | 12.9× – 28.0× |
| EV / EBITDA | 9.0× | 10.1× | 7.5× – 14.4× |
| EV / 营收 | 0.8× | 0.8× | 0.6× – 1.1× |
| 股价 / FCF | 15.4× | 17.4× 5年中的4年 | 14.2× – 20.9× |
| 股价 / 净资产 | 3.9× | 5.5× | 3.0× – 8.3× |
| FCF收益率 | 6.5% | 4.3% | -1.9% – 7.0% |
| 投入资本回报率 | 11.3% | 12.7% | 9.1% – 21.5% |
| 净资产收益率 | 26.7% | 32.1% | 22.9% – 54.2% |
分析师
一致目标价 $166.95 (+8.2%)
区间 $140.00 – $200.00 · 评级 Buy
强烈买入0
买入28
持有28
卖出4
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $1100亿 | +5.1% | $10.20 | +25.4% | 15.1× | 24 |
| FY2028 | $1140亿 | +3.3% | $9.64 | -5.5% | 16.0× | 25 |
| FY2029 | $1180亿 | +3.6% | $10.50 | +8.9% | 14.7× | 13 |
| FY2030 | $1200亿 | +2.0% | $10.70 | +2.0% | 14.4× | 5 |
| FY2031 | $1250亿 | +3.5% | $11.72 | +9.5% | 13.2× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Target Corporation在近期10-Q / 10-K文件中标记的全部244项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Other Receivables, Net, Current | $12.7亿2026-01-31 | $9.98亿 | +26.8% | $12.7亿 | $9.98亿 | +26.8% |
| Accounts Payable, Current | $133亿 | $120亿 | +10.7% | $126亿 | $131亿 | -3.3% |
| Accrual for Taxes Other than Income Taxes, Current | $7.04亿2026-01-31 | $7.08亿 | -0.6% | $7.04亿 | $7.08亿 | -0.6% |
| Accrued Income Taxes, Current | $4.4亿2026-01-31 | $3.34亿 | +31.7% | $4.4亿 | $3.34亿 | +31.7% |
| Accrued Income Taxes, Noncurrent | $3.4亿2026-01-31 | $3.38亿 | +0.6% | $3.4亿 | $3.38亿 | +0.6% |
| Accrued Liabilities, Current | $67.4亿 | $60.7亿 | +11.0% | $64.8亿 | $61.1亿 | +6.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $284亿2026-01-31 | $263亿 | +8.0% | $284亿 | $263亿 | +8.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4.14亿 | -$4.68亿 | +11.5% | -$4.17亿 | -$4.58亿 | +9.0% |
| Additional Paid in Capital, Common Stock | $73.3亿 | $70.8亿 | +3.5% | $72.5亿 | $70亿 | +3.6% |
| Advertising Expense | – | – | – | $15亿 | $15亿 | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 70万 | 500万 | -86.0% | 210万 | 50万 | +320.0% |
| Assets | $612亿 | $579亿 | +5.8% | $595亿 | $578亿 | +3.0% |
| Assets for Plan Benefits, Defined Benefit Plan | $2.31亿2026-01-31 | $1.21亿 | +90.9% | $2.31亿 | $1.21亿 | +90.9% |
| Assets, Current | $209亿 | $190亿 | +10.0% | $200亿 | $195亿 | +2.8% |
| Business Exit Costs | – | – | – | $5700万 | – | – |
| Cash | $2.5亿2026-01-31 | $2.76亿 | -9.4% | $2.5亿 | $2.76亿 | -9.4% |
| Cash, Cash Equivalents, and Short-term Investments | $54.1亿 | $43.4亿 | +24.6% | $54.9亿 | $47.6亿 | +15.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $54.1亿 | $43.4亿 | +24.6% | $54.9亿 | $47.6亿 | +15.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $18.8亿 | $14.5亿 | +29.1% | $7.26亿 | $9.57亿 | -24.1% |
| Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | -$4100万 | $600万 | -783.3% | $6900万 | $100万 | +6,800.0% |
| Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | $4100万 | -$600万 | +783.3% | -$6900万 | -$100万 | -6,800.0% |
| Common Stock, Dividends, Per Share, Declared | $1.16 | $1.14 | +1.8% | $4.54 | $4.46 | +1.8% |
| Common Stock, Par or Stated Value Per Share | $0.08 | $0.08 | 0.0% | $0.08 | $0.08 | 0.0% |
| Common Stock, Shares Authorized | 60亿 | 60亿 | 0.0% | 60亿 | 60亿 | 0.0% |
| Common Stock, Shares, Issued | 4.54亿 | 4.54亿 | 0.0% | 4.53亿 | 4.56亿 | -0.6% |
| Common Stock, Shares, Outstanding | 4.54亿 | 4.54亿 | 0.0% | 4.53亿 | 4.56亿 | -0.6% |
| Common Stock, Value, Issued | $3800万 | $3800万 | 0.0% | $3800万 | $3800万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $18.8亿 | $9.29亿 | +102.2% | $37.5亿 | $40.9亿 | -8.5% |
| Contract with Customer, Liability | $9.59亿 | $10.1亿 | -4.6% | $12亿 | $12.1亿 | -1.0% |
| Contract with Customer, Liability, Revenue Recognized | $1.94亿 | $2.02亿 | -4.0% | $8.61亿 | $8.31亿 | +3.6% |
| Contract with Customer, Refund Liability | $1.78亿 | $1.79亿 | -0.6% | $1.55亿 | $1.72亿 | -9.9% |
| Cost of Goods and Services Sold | $176亿 | $179亿 | -1.7% | $755亿 | $765亿 | -1.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $8.19亿 | $10.1亿 | -19.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $9600万 | $1.01亿 | -5.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $11.2亿 | $13.5亿 | -17.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2.02亿 | $2.36亿 | -14.4% |
| Deferred Compensation Liability, Classified, Noncurrent | $6.5亿2026-01-31 | $6.28亿 | +3.5% | $6.5亿 | $6.28亿 | +3.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$7200万 | -$1.84亿 | +60.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $600万 | $200万 | +200.0% |
| Deferred Income Tax Expense (Benefit) | $6500万 | $7600万 | -14.5% | -$5500万 | -$1.8亿 | +69.4% |
| Deferred Income Tax Liabilities, Net | $25亿 | $24.1亿 | +3.8% | $22.7亿 | $23亿 | -1.7% |
| Deferred Revenue, Noncurrent | $3.58亿2026-01-31 | $3.88亿 | -7.7% | $3.58亿 | $3.88亿 | -7.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1100万 | $200万 | +450.0% |
| Deferred Tax Assets, Gross | $26.1亿2026-01-31 | $26.5亿 | -1.4% | $26.1亿 | $26.5亿 | -1.4% |
| Deferred Tax Assets, Other | $1.44亿2026-01-31 | $1.59亿 | -9.4% | $1.44亿 | $1.59亿 | -9.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $4.49亿2026-01-31 | $4.23亿 | +6.1% | $4.49亿 | $4.23亿 | +6.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2.52亿2026-01-31 | $2.6亿 | -3.1% | $2.52亿 | $2.6亿 | -3.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Self Insurance | $2.34亿2026-01-31 | $2.07亿 | +13.0% | $2.34亿 | $2.07亿 | +13.0% |
| Deferred Tax Liabilities, Gross | $48.7亿2026-01-31 | $49.4亿 | -1.6% | $48.7亿 | $49.4亿 | -1.6% |
| Deferred Tax Liabilities, Inventory | $5.91亿2026-01-31 | $4.84亿 | +22.1% | $5.91亿 | $4.84亿 | +22.1% |
| Deferred Tax Liabilities, Leasing Arrangements | $13.7亿2026-01-31 | $14.3亿 | -3.6% | $13.7亿 | $14.3亿 | -3.6% |
| Deferred Tax Liabilities, Net | $22.5亿2026-01-31 | $22.9亿 | -1.8% | $22.5亿 | $22.9亿 | -1.8% |
| Deferred Tax Liabilities, Other | $2.31亿2026-01-31 | $2.03亿 | +13.8% | $2.31亿 | $2.03亿 | +13.8% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $26.7亿2026-01-31 | $28.3亿 | -5.7% | $26.7亿 | $28.3亿 | -5.7% |
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax | -$8.57亿2026-01-31 | -$9.39亿 | +8.7% | -$8.57亿 | -$9.39亿 | +8.7% |
| Defined Benefit Plan, Amortization of Gain (Loss) | -$1000万 | $0 | – | -$100万 | $0 | – |
| Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | $900万 | $700万 | +28.6% | $700万 | $800万 | -12.5% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 5.6%2026-01-31 | 5.7% | -2.1% | 5.6% | 5.7% | -2.1% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 3.0%2026-01-31 | 3.0% | 0.0% | 3.0% | 3.0% | 0.0% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate | 4.6%2026-01-31 | 4.6% | 0.0% | 4.6% | 4.6% | 0.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03
数据截至 2026-11-01