Target Corporation (TGT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,297,000 | 4,554,000 | 4,228,000 | 3,373,000 | 3,418,000 | 4,392,000 | 5,394,000 | 7,547,000 | 8,907,000 | 8,620,000 | 8,007,000 | 7,826,000 | 5,546,000 | 4,868,000 | 4,479,000 | 3,507,000 | 4,202,000 | 4,165,000 | 3,975,000 | 3,780,000 |
| 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 |
| Pretax margin | 4.95% | 4.28% | 3.93% | 3.10% | 3.15% | 4.06% | 5.02% | 7.08% | 8.41% | 8.35% | 8.03% | 8.02% | 5.99% | 5.55% | 5.32% | 4.40% | 5.41% | 5.39% | 5.20% | 4.99% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,297,000K ÷ $106,930,000K
= 4.95%
Target Corporation's pretax margin has shown some fluctuations over the past several quarters. The pretax margin, which represents the company's profitability before taxes, has ranged from a low of 3.10% in April 29, 2023, to a high of 8.41% in Jan 29, 2022.
The trend indicates that there was a gradual decrease in pretax margin from the first quarter of 2022 to the third quarter of 2023, with a slight increase in the most recent quarter of Feb 3, 2024. Overall, the pretax margin has shown some variability but has generally remained above 4%, suggesting that Target has been able to maintain a reasonable level of profitability despite economic challenges.
It would be important to further investigate the factors contributing to these fluctuations in pretax margin to assess the company's financial performance and sustainability in the future.
Peer comparison
Feb 3, 2024