Target Corporation (TGT) — Cash Flow Quality Index
Target Corporation (TGT) has a Cash Flow Quality Index of 1.64x as of October 2025. Operating cash flow of $1.13 Billion exceeds net income of $689.00 Million, indicating high earnings quality where cash backs reported profits. Explore Target Corporation cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Target Corporation Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Target Corporation across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see TGT cash generation efficiency.
Annual Cash Flow Quality Index for Target Corporation (1990–2025)
Year-by-year earnings quality comparison for Target Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.80x | $7.37 Billion | $4.09 Billion | ▼ -13.6% |
| 2024 | 2.08x | $8.62 Billion | $4.14 Billion | ▲ +44.1% |
| 2023 | 1.45x | $4.02 Billion | $2.78 Billion | ▲ +16.4% |
| 2022 | 1.24x | $8.62 Billion | $6.95 Billion | ▼ -48.5% |
| 2021 | 2.41x | $10.53 Billion | $4.37 Billion | ▲ +11.1% |
| 2020 | 2.17x | $7.12 Billion | $3.28 Billion | ▲ +6.4% |
| 2019 | 2.04x | $5.97 Billion | $2.93 Billion | ▼ -13.8% |
| 2018 | 2.36x | $6.92 Billion | $2.93 Billion | ▲ +16.1% |
| 2017 | 2.04x | $5.44 Billion | $2.67 Billion | ▲ +15.7% |
| 2016 | 1.76x | $5.84 Billion | $3.32 Billion | ▼ -2.9% |
| 2015 | 1.81x | $4.44 Billion | $2.45 Billion | ▼ -45.2% |
| 2014 | 3.31x | $6.52 Billion | $1.97 Billion | ▲ +86.3% |
| 2013 | 1.78x | $5.33 Billion | $3.00 Billion | ▼ -4.3% |
| 2012 | 1.86x | $5.43 Billion | $2.93 Billion | ▲ +2.8% |
| 2011 | 1.81x | $5.27 Billion | $2.92 Billion | ▼ -23.6% |
| 2010 | 2.36x | $5.88 Billion | $2.49 Billion | ▲ +18.1% |
| 2009 | 2.00x | $4.43 Billion | $2.21 Billion | ▲ +38.2% |
| 2008 | 1.45x | $4.12 Billion | $2.85 Billion | ▼ -17.0% |
| 2007 | 1.74x | $4.86 Billion | $2.79 Billion | ▼ -5.6% |
| 2006 | 1.85x | $4.45 Billion | $2.41 Billion | ▲ +9.1% |
| 2005 | 1.69x | $3.19 Billion | $1.89 Billion | ▼ -1.3% |
| 2004 | 1.72x | $3.16 Billion | $1.84 Billion | ▲ +78.6% |
| 2003 | 0.96x | $1.59 Billion | $1.65 Billion | ▼ -33.7% |
| 2002 | 1.45x | $1.99 Billion | $1.37 Billion | ▼ -3.8% |
| 2001 | 1.51x | $1.91 Billion | $1.26 Billion | ▼ -20.7% |
| 2000 | 1.90x | $2.25 Billion | $1.19 Billion | ▼ -1.8% |
| 1999 | 1.94x | $1.86 Billion | $962.00 Million | ▼ -13.5% |
| 1998 | 2.24x | $1.79 Billion | $802.00 Million | ▼ -27.2% |
| 1997 | 3.08x | $1.46 Billion | $474.00 Million | ▼ -17.6% |
| 1996 | 3.73x | $1.16 Billion | $311.00 Million | ▲ +81.6% |
| 1995 | 2.06x | $892.00 Million | $434.00 Million | ▼ -36.8% |
| 1994 | 3.25x | $1.22 Billion | $375.00 Million | ▲ +26.5% |
| 1993 | 2.57x | $984.00 Million | $383.00 Million | ▲ +77.0% |
| 1992 | 1.45x | $437.00 Million | $301.00 Million | ▼ -4.8% |
| 1991 | 1.52x | $625.00 Million | $410.00 Million | ▼ -15.4% |
| 1990 | 1.80x | $739.00 Million | $410.00 Million | — |