EBITDA CAGR uses clean operating EBITDA derived from reported operating income plus depreciation and amortization.
Over longer horizons, EBITDA CAGR averages -1.53% over 3 years and -1.77% over 5 years; the trailing 12 months came in at -3.47%. EBITDA CAGR shows how the company's operating profitability has grown before depreciation and amortization. This reflects the growth of the core business's cash-operating earnings power, independent of capital-intensity and accounting depreciation choices.
Target Corporation (TGT)
EBITDA growth vs the same quarter one year earlier, last 40 quarters.
Reported quarterly EBITDA; no daily interpolation.
| Year | Start EBITDA | End EBITDA | Change | % Change |
|---|---|---|---|---|
| 2025 | $8.55B | $8.25B | −$296.00M | -3.46% |
| 2024 | $8.51B | $8.55B | +$39.00M | +0.46% |
| 2023 | $6.55B | $8.51B | +$1.96B | +29.93% |
| 2022 | $11.59B | $6.55B | −$5.04B | -43.49% |
| 2021 | $9.02B | $11.59B | +$2.56B | +28.41% |
| 2020 | $7.26B | $9.02B | +$1.76B | +24.26% |
| 2019 | $6.58B | $7.26B | +$678.00M | +10.30% |
| 2018 | $6.70B | $6.58B | −$116.00M | -1.73% |
| 2017 | $7.18B | $6.70B | −$482.00M | -6.71% |
| 2016 | $7.12B | $7.18B | +$59.00M | +0.83% |
| 2015 | $6.66B | $7.12B | +$459.00M | +6.89% |
| 2014 | $6.78B | $6.66B | −$111.00M | -1.64% |
| 2013 | $7.62B | $6.78B | −$848.00M | -11.12% |
| 2012 | $7.45B | $7.62B | +$170.00M | +2.28% |
| 2011 | $7.34B | $7.45B | +$117.00M | +1.59% |
| 2010 | $6.70B | $7.34B | +$640.00M | +9.56% |
| 2009 | $6.23B | $6.70B | +$468.00M | +7.51% |
| 2008 | $6.93B | $6.23B | −$703.00M | -10.14% |
| 2007 | $6.57B | $6.93B | +$366.00M | +5.58% |
| 2006 | $5.73B | $6.57B | +$833.00M | +14.53% |
| 2005 | $4.86B | $5.73B | +$872.00M | +17.94% |
| 2004 | $4.26B | $4.86B | +$603.00M | +14.16% |
| 2003 | $3.78B | $4.26B | +$479.00M | +12.68% |
| 2002 | $3.76B | $3.78B | +$19.00M | +0.51% |
| 2001 | $3.42B | $3.76B | +$341.00M | +9.98% |
| 2000 | $3.18B | $3.42B | +$235.00M | +7.38% |
| 1999 | $2.73B | $3.18B | +$449.00M | +16.42% |
| 1998 | $2.44B | $2.73B | +$299.00M | +12.28% |
| 1997 | $2.01B | $2.44B | +$426.00M | +21.20% |
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Quarter ended Aug 2026 | $3.34B | +71.7% | +60.2% |
| Quarter ended May 2026 | $1.95B | -10.8% | -13.8% |
| Quarter ended Jan 2026 | $2.18B | +26.8% | -2.2% |
| Quarter ended Nov 2025 | $1.72B | -17.6% | -10.5% |
| Quarter ended Aug 2025 | $2.09B | -7.6% | -12.2% |
| Quarter ended May 2025 | $2.26B | +1.2% | +12.2% |
| Quarter ended Feb 2025 | $2.23B | +16.2% | -13.9% |
| Quarter ended Nov 2024 |
| $1.92B |
| -19.2% |
| -5.7% |
| Quarter ended Aug 2024 | $2.38B | +18.1% | +26.5% |
| Quarter ended May 2024 | $2.01B | -22.4% | +1.0% |
| Quarter ended Feb 2024 | $2.59B | +27.2% | +39.8% |
| Quarter ended Oct 2023 | $2.04B | +8.5% | +20.2% |
| Quarter ended Jul 2023 | $1.88B | -5.8% | +93.6% |
| Quarter ended Apr 2023 | $2.00B | +7.5% | -1.5% |
| Quarter ended Jan 2023 | $1.85B | +9.3% | -33.4% |
| Quarter ended Oct 2022 | $1.70B | +74.8% | -36.3% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
