Target
Target returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Cash and cash equivalents is unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q2 | Aug 1, 2026 | — | 15.31% | — | 26.41% | 7.38% | — |
| FY 2027 Q1 | May 2, 2026 | — | 12.61% | — | 22.02% | 6.04% | — |
| FY 2026 Q4 | Jan 31, 2026 | — | 13.6% | — | 24.03% | 6.32% | — |
| FY 2026 Q3 | Nov 1, 2025 | — | 13.79% | — | 25.1% | 6.35% | — |
| FY 2026 Q2 | Aug 2, 2025 | — | 14.53% | — | 26.32% | 6.9% | — |
| FY 2026 Q1 | May 3, 2025 | — | 15.85% | — | 29.08% | 7.52% | — |
| FY 2025 Q4 | Feb 1, 2025 | — | 15.24% | — | 29.12% | 7.23% | — |
| FY 2025 Q3 | Nov 2, 2024 | — | 16.69% | — | 32.37% | 7.62% | — |
| FY 2025 Q2 | Aug 3, 2024 | — | 17.49% | — | 33.97% | 8.22% | — |
| FY 2025 Q1 | May 4, 2024 | — | 16.32% | — | 32.46% | 7.7% | — |
| FY 2024 Q4 | Feb 3, 2024 | — | 16.33% | — | 33.55% | 7.61% | — |
| FY 2024 Q3 | Oct 28, 2023 | — | 15.03% | — | 30.87% | 6.49% | — |
| FY 2024 Q2 | Jul 29, 2023 | — | 14.73% | — | 29.87% | 6.38% | — |
| FY 2024 Q1 | Apr 29, 2023 | — | 11.89% | — | 24.32% | 5.28% | — |
| FY 2023 Q4 | Jan 28, 2023 | — | 11.68% | — | 23.11% | 5.19% | — |
| FY 2023 Q3 | Oct 29, 2022 | — | 15.21% | — | 27.78% | 6.27% | — |
| FY 2023 Q2 | Jul 30, 2022 | — | 18.62% | — | 33.19% | 8.13% | — |
| FY 2023 Q1 | Apr 30, 2022 | — | 25.55% | — | 45.53% | 11.56% | — |
| FY 2022 Q4 | Jan 29, 2022 | — | 28.32% | — | 50.95% | 13.22% | — |
| FY 2022 Q3 | Oct 30, 2021 | — | 27.86% | — | 50.01% | 12.91% | — |
| FY 2022 Q2 | Jul 31, 2021 | — | 26.88% | — | 45.98% | 12.69% | — |
| FY 2022 Q1 | May 1, 2021 | — | 27.13% | — | 47.31% | 12.97% | — |
| FY 2021 Q4 | Jan 30, 2021 | — | 22.01% | — | 33.25% | 9.29% | — |
| FY 2021 Q3 | Oct 31, 2020 | — | 20.2% | — | 30.74% | 8.1% | — |
| FY 2021 Q2 | Aug 1, 2020 | — | 16.75% | — | 28.85% | 7.86% | — |
| FY 2021 Q1 | May 2, 2020 | — | 13.82% | — | 24.86% | 6.49% | — |
| FY 2020 Q4 | Feb 1, 2020 | — | 17.07% | — | 28.37% | — | — |
| FY 2020 Q3 | Nov 2, 2019 | — | 17.24% | — | 28.69% | 7.44% | — |
| FY 2020 Q2 | Aug 3, 2019 | — | 16.53% | — | 27.42% | 7.73% | — |
| FY 2020 Q1 | May 4, 2019 | — | 15.49% | — | 27.07% | 7.58% | — |
| FY 2019 Q4 | Feb 2, 2019 | — | 15.79% | — | 25.53% | — | — |
| FY 2019 Q3 | Nov 3, 2018 | — | 16.07% | — | 29.17% | — | — |
| FY 2019 Q2 | Aug 4, 2018 | — | 16.49% | — | 27.83% | — | — |
| FY 2019 Q1 | May 5, 2018 | — | 16.06% | — | 26.79% | — | — |
| FY 2018 Q4 | Feb 3, 2018 | — | 16.72% | — | 25.72% | — | — |
| FY 2018 Q3 | Oct 28, 2017 | — | 17.17% | — | 23.87% | — | — |
| FY 2018 Q2 | Jul 29, 2017 | — | 18.04% | — | 24.5% | — | — |
| FY 2018 Q1 | Apr 29, 2017 | — | 17.9% | — | 23.64% | — | — |
| FY 2017 Q4 | Jan 28, 2017 | 15.28% | 18.58% | — | 22.89% | — | 7.6 pp |
| FY 2017 Q3 | Oct 29, 2016 | — | — | — | 27.51% | — | — |
| FY 2017 Q2 | Jul 30, 2016 | — | — | — | 25.76% | — | — |
| FY 2017 Q1 | Apr 30, 2016 | — | — | — | 25.15% | — | — |
| FY 2016 Q4 | Jan 30, 2016 | — | — | — | 24.95% | — | — |
| FY 2016 Q3 | Oct 31, 2015 | — | — | — | -4.75% | — | — |
| FY 2016 Q2 | Aug 1, 2015 | — | — | — | -5.93% | — | — |
| FY 2016 Q1 | May 2, 2015 | — | — | — | -9.26% | — | — |
| FY 2015 Q4 | Jan 31, 2015 | — | — | — | -10.82% | — | — |
| FY 2015 Q3 | Nov 1, 2014 | — | — | — | 9.37% | — | — |
| FY 2015 Q2 | Aug 2, 2014 | — | — | — | 9.32% | — | — |
| FY 2015 Q1 | May 3, 2014 | — | — | — | 11.45% | — | — |
| FY 2014 Q4 | Feb 1, 2014 | — | — | — | 12.02% | — | — |
| FY 2014 Q3 | Nov 2, 2013 | — | 14.01% | — | 14.83% | — | — |
| FY 2014 Q2 | Aug 3, 2013 | — | 14.85% | — | 16.96% | — | — |
| FY 2014 Q1 | May 4, 2013 | — | 14.84% | — | 17.29% | — | — |
| FY 2013 Q4 | Feb 2, 2013 | — | 15.66% | — | 18.52% | — | — |
| FY 2013 Q3 | Oct 27, 2012 | — | 15.32% | — | 19.1% | 6.16% | — |
| FY 2013 Q2 | Jul 28, 2012 | — | 15.49% | — | 18.95% | 6.33% | — |
| FY 2013 Q1 | Apr 28, 2012 | — | 16.05% | — | 18.89% | 6.59% | — |
| FY 2012 Q4 | Jan 28, 2012 | — | 15.91% | — | 18.71% | 6.48% | — |
| FY 2012 Q3 | Oct 29, 2011 | — | 15.78% | — | 19.79% | 6.39% | — |
| FY 2012 Q2 | Jul 30, 2011 | — | 15.52% | — | — | 6.65% | — |
| FY 2012 Q1 | Apr 30, 2011 | — | — | — | — | 6.81% | — |
| FY 2011 Q4 | Jan 29, 2011 | — | 15.47% | — | 18.94% | 6.62% | — |
| FY 2011 Q3 | Oct 30, 2010 | — | — | — | — | 6.2% | — |
| FY 2011 Q2 | Jul 31, 2010 | — | — | — | — | 6.19% | — |
| FY 2011 Q1 | May 1, 2010 | — | — | — | — | — | — |
| FY 2010 Q4 | Jan 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Oct 31, 2009 | — | — | — | — | — | — |
| FY 2010 Q2 | Aug 1, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · TGT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.