Target Corporation (TGT)
Pretax margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,297,000 | 3,418,000 | 8,907,000 | 5,546,000 | 4,202,000 |
| Revenue | US$ in thousands | 106,930,000 | 108,661,000 | 105,937,000 | 92,087,000 | 77,638,000 |
| Pretax margin | 4.95% | 3.15% | 8.41% | 6.02% | 5.41% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,297,000K ÷ $106,930,000K
= 4.95%
Target Corporation's pretax margin has fluctuated over the past five years, ranging from 3.15% to 8.41%. The pretax margin, which represents the company's profitability before taxes relative to its total revenue, was highest in January 2022 at 8.41% and lowest in January 2023 at 3.15%.
The company's pretax margin for the most recent fiscal year, ending on February 3, 2024, stood at 4.95%. This indicates that for every dollar of revenue generated, Target Corporation retained approximately 4.95 cents as profit before accounting for taxes.
The upward trend from 2021 to 2022 suggests an improvement in profitability, but the decline in the following years indicates potential challenges in maintaining or further increasing profitability. Further analysis of the company's operating expenses, revenue growth, and tax implications may provide insights into the factors driving these fluctuations in pretax margin.
Peer comparison
Feb 3, 2024