Target Corp
Close on Nov 2, 2026Market cap $71.95BP/E 16.4Yield 2.87%
Target ROIC Denominator — Average Invested Capital by Year
ROIC Denominator — Average Invested Capital ($M) ($M)
Target ROIC Denominator — Average Invested Capital: $30,373M in FY2025, up 2.9% from a year earlier. That is the highest of the 8 years on record here.
Where the FY2025 figure comes from
“|| Average invested capital (d) | $ | 30,373 | $ | 29,526”
Source: Form 10-K (filed 2026-03-11) ↗
Reported in Form 10-Q / 10-K / 8-K Non-GAAP ROIC Schedule.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | ROIC Denominator — Average Invested Capital ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Jan 31, 2026 | 30,373 | +2.9% | Form 10-K (filed 2026-03-11) ↗ |
| FY2024 | Feb 1, 2025 | 29,526 | +3.0% | Form 10-K (filed 2025-03-12) ↗ |
| FY2023 | Feb 3, 2024 | 28,674 | +11.4% | Form 10-K (filed 2024-03-13) ↗ |
| FY2022 | Jan 28, 2023 | 25,729 | +15.8% | Form 10-K (filed 2023-03-08) ↗ |
| FY2021 | Jan 29, 2022 | 22,210 | +0.3% | Form 10-K (filed 2022-03-09) ↗ |
| FY2020 | Jan 30, 2021 | 22,134 | -4.6% | Form 10-K (filed 2021-03-10) ↗ |
| FY2019 | Feb 1, 2020 | 23,208 | +1.6% | Form 10-K (filed 2020-03-11) ↗ |
| FY2018 | Feb 2, 2019 | 22,832 | – | Form 10-K (filed 2020-03-11) ↗ |
Breakdown
What makes up ROIC Denominator — Average Invested Capital
- Ending Invested Capital ($M)30,967 · FY2025
- Current Portion of Long-Term Debt & Other Borrowings ($M)2,130 · FY2025
- Noncurrent Portion of Long-Term Debt ($M)14,326 · FY2025
- Total Shareholders' Investment ($M)16,165 · FY2025
- Operating Lease Liabilities (Current + Noncurrent, $M)3,834 · FY2025
- Less: Cash and Cash Equivalents ($M)5,488 · FY2025
Cite this data
StockData. (2026). Target ROIC Denominator — Average Invested Capital ($M), annual FY2018–FY2025 [Data set]. Compiled from Target SEC filings and investor materials. https://stockdatahq.com/stocks/tgt/kpis/roic-avg-invested-cap-m
See every metric in the Target KPI table. Data updated Oct 28, 2026.