Target Corporation (TGT) FCF Payout Ratio: 49.76%
Is Target Corporation’s FCF payout ratio high or low?
Target Corporation's FCF payout ratio of 49.76% is in line with its 5-year average of 50.33%, around the middle of its 5-year range (30.47%–72.42%).
The FCF payout ratio for Target Corporation (TGT) is 49.76%. It is below its 12-month average by 15.75% (59.06%).
TGT FCF Payout Ratio Chart
TGT Average FCF Payout Ratio Chart
TGT Current vs Average FCF Payout Ratio Chart
TGT FCF Payout Ratio Metrics
FCF PAYOUT RATIO
49.76%
FCF PAYOUT RATIO AVG TTM
59.06%
FCF PAYOUT RATIO AVG 3Y
56.95%
FCF PAYOUT RATIO AVG 5Y
50.33%
FCF PAYOUT RATIO AVG 10Y
41.15%
FCF PAYOUT RATIO AVG 15Y
42.31%
FCF PAYOUT RATIO AVG 20Y
39.83%
CURRENT VS TTM AVG
-15.75%
CURRENT VS 3Y AVG
-12.62%
CURRENT VS 5Y AVG
-1.13%
CURRENT VS 10Y AVG
+20.92%
CURRENT VS 15Y AVG
+17.62%
CURRENT VS 20Y AVG
+24.93%
Payout Ratio Comparison
FCF Payout Ratio
49.8%
Earnings Payout Ratio
55.9%
Dividend Yield
3.60%
FCF Yield
7.21%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $2.83B | $2.05B | 72.4% |
| 2025 | $4.48B | $2.05B | 45.7% |
| 2024 | $3.81B | $2.01B | 52.7% |
| 2023 | ($1.51B) | $1.84B | N/A (Loss) |
| 2022 | $5.08B | $1.55B | 30.5% |
| 2021 | $7.88B | $1.34B | 17.1% |
| 2020 | $4.09B | $1.33B | 32.5% |
| 2019 | $2.46B | $1.33B | 54.3% |
| 2018 | $4.39B | $1.34B | 30.5% |
| 2017 | $3.89B | $1.35B | 34.7% |
| 2016 | $4.41B | $1.36B | 30.9% |
| 2015 | $2.65B | $1.21B | 45.4% |
| 2014 | $3.07B | $1.01B | 32.8% |
| 2013 | $2.05B | $869.00M | 42.4% |
| 2012 | $1.07B | $750.00M | 70.4% |
| 2011 | $3.14B | $609.00M | 19.4% |
| 2010 | $4.15B | $496.00M | 11.9% |
| 2009 | $883.00M | $465.00M | 52.7% |
| 2008 | ($244.00M) | $442.00M | N/A (Loss) |
| 2007 | $934.00M | $380.00M | 40.7% |
| 2006 | $1.06B | $318.00M | 29.9% |
| 2005 | $127.00M | $272.00M | 214.2% |
| 2004 | $156.00M | $237.00M | 151.9% |
| 2003 | ($1.63B) | $218.00M | N/A (Loss) |
| 2002 | ($1.17B) | $203.00M | N/A (Loss) |
| 2001 | ($623.00M) | $190.00M | N/A (Loss) |
| 2000 | $334.00M | $195.00M | 58.4% |
| 1999 | $105.00M | $178.00M | 169.5% |
| 1998 | $441.00M | $165.00M | 37.4% |
| 1997 | $157.00M | $155.00M | 98.7% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Target Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Target Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Target Corporation (TGT)?
- The FCF payout ratio for TGT stock is 49.76%.
- Is Target Corporation's FCF payout ratio high or low?
- Target Corporation's FCF payout ratio of 49.76% is in line with its 5-year average of 50.33%, around the middle of its 5-year range (30.47%–72.42%).
- What is the TTM average FCF payout ratio for Target Corporation (TGT)?
- The TTM average FCF payout ratio for TGT stock is 59.06%.
- What is the 3Y average FCF payout ratio for Target Corporation (TGT)?
- The 3Y average FCF payout ratio for TGT stock is 56.95%.
- What is the 5Y average FCF payout ratio for Target Corporation (TGT)?
- The 5Y average FCF payout ratio for TGT stock is 50.33%.
- What is the 10Y average FCF payout ratio for Target Corporation (TGT)?
- The 10Y average FCF payout ratio for TGT stock is 41.15%.
- What is the 15Y average FCF payout ratio for Target Corporation (TGT)?
- The 15Y average FCF payout ratio for TGT stock is 42.31%.
- What is the 20Y average FCF payout ratio for Target Corporation (TGT)?
- The 20Y average FCF payout ratio for TGT stock is 39.83%.
Target Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-01-31 | 72.42% |
| 2025-02-01 | 45.71% |
| 2024-02-03 | 52.71% |
| 2022-01-29 | 30.47% |
| 2021-01-30 | 17.05% |
| 2020-02-01 | 32.52% |
| 2019-02-02 | 54.33% |
| 2018-02-03 | 30.48% |
| 2017-01-28 | 34.66% |
| 2016-01-30 | 30.91% |
| 2015-01-31 | 45.42% |
| 2014-02-01 | 32.80% |
| 2013-02-02 | 42.43% |
| 2012-01-28 | 70.36% |
| 2011-01-29 | 19.38% |
| 2010-01-30 | 11.95% |
| 2009-01-31 | 52.66% |
| 2007-02-03 | 40.69% |
| 2006-01-28 | 29.92% |
| 2005-01-29 | 214.17% |
| 2004-01-31 | 151.92% |
| 2000-01-29 | 58.38% |
| 1999-01-30 | 169.52% |
| 1998-01-31 | 37.41% |
| 1997-02-01 | 98.73% |
About Target Corporation
Target Corporation operates as a prominent general merchandise retailer throughout the United States. Its extensive product range includes a wide array of food items like perishables, dry groceries, dairy, and frozen goods, alongside apparel, accessories, home décor, electronics, toys, seasonal offerings, and essential beauty and household products. Beyond merchandise, Target stores often feature convenient in-store amenities such as Target Café, Target Optical, Starbucks outlets, and various other food service options. The company facilitates sales through its physical retail locations and its digital platform, Target.com. As of March 9, 2022, Target maintained a network of approximately 2,000 stores. Founded in 1902, the corporation's headquarters are situated in Minneapolis, Minnesota.
- Sector
- Consumer Defensive
- Industry
- Discount Stores
- CEO
- Michael J. Fiddelke