Target Corporation (TGT)
Net profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,138,000 | 3,632,000 | 3,373,000 | 2,721,000 | 2,780,000 | 3,448,000 | 4,224,000 | 5,858,000 | 6,946,000 | 6,782,000 | 6,308,000 | 6,181,000 | 4,368,000 | 3,822,000 | 3,522,000 | 2,770,000 | 3,281,000 | 3,246,000 | 3,154,000 | 3,015,000 |
| Revenue (ttm) | US$ in thousands | 106,930,000 | 106,383,000 | 107,485,000 | 108,778,000 | 108,661,000 | 108,286,000 | 107,440,000 | 106,571,000 | 105,937,000 | 103,275,000 | 99,728,000 | 97,525,000 | 92,599,000 | 87,635,000 | 84,187,000 | 79,636,000 | 77,639,000 | 77,222,000 | 76,376,000 | 75,735,000 |
| Net profit margin | 3.87% | 3.41% | 3.14% | 2.50% | 2.56% | 3.18% | 3.93% | 5.50% | 6.56% | 6.57% | 6.33% | 6.34% | 4.72% | 4.36% | 4.18% | 3.48% | 4.23% | 4.20% | 4.13% | 3.98% |
February 3, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,138,000K ÷ $106,930,000K
= 3.87%
The net profit margin of Target Corporation has experienced fluctuations over the past few quarters. The net profit margin measures the percentage of revenue that translates into profit after accounting for all expenses.
From the data provided, we observe that the net profit margin ranged from a low of 2.50% in April 29, 2023, to a high of 6.57% in January 29, 2022. There was a general increasing trend from May 2, 2020, where the net profit margin improved before hitting a peak in January 29, 2022. However, there was a slight decline in the net profit margin in recent quarters, with the margin settling at 3.87% as of February 3, 2024.
These fluctuations in the net profit margin could be attributed to various factors such as changes in revenue, operating expenses, cost of goods sold, and other financial metrics. It is essential for Target Corporation to closely monitor and manage its expenses and continue to drive growth in revenue to sustain and improve its profitability over time.
Peer comparison
Feb 3, 2024