Target Corporation (TGT) — Free Cash Flow Generation Index
Target Corporation (TGT) has a Free Cash Flow Generation Index of 0.13x as of October 2025. Free cash flow of $149.00 Million represents 0% of operating cash flow ($1.13 Billion). Explore how much does Target Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Target Corporation Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for Target Corporation across 36 annual periods. For the full cash flow conversion analysis, see Target Corporation cash flow conversion.
Annual Free Cash Flow Generation for Target Corporation (1990–2025)
Year-by-year Free Cash Flow Generation Index for Target Corporation. Check Target Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.61x | $4.48 Billion | $7.37 Billion | $2.89 Billion | ▲ +37.3% |
| 2024 | 0.44x | $3.81 Billion | $8.62 Billion | $4.81 Billion | ▲ +217.8% |
| 2023 | -0.38x | $-1.51 Billion | $4.02 Billion | $5.53 Billion | ▼ -163.8% |
| 2022 | 0.59x | $5.08 Billion | $8.62 Billion | $3.54 Billion | ▼ -21.3% |
| 2021 | 0.75x | $7.88 Billion | $10.53 Billion | $2.65 Billion | ▲ +30.2% |
| 2020 | 0.57x | $4.09 Billion | $7.12 Billion | $3.03 Billion | ▲ +39.7% |
| 2019 | 0.41x | $2.46 Billion | $5.97 Billion | $3.52 Billion | ▼ -35.1% |
| 2018 | 0.63x | $4.39 Billion | $6.92 Billion | $2.53 Billion | ▼ -11.4% |
| 2017 | 0.72x | $3.89 Billion | $5.44 Billion | $1.55 Billion | ▼ -5.1% |
| 2016 | 0.75x | $4.41 Billion | $5.84 Billion | $1.44 Billion | ▲ +26.1% |
| 2015 | 0.60x | $2.65 Billion | $4.44 Billion | $1.79 Billion | ▲ +27.1% |
| 2014 | 0.47x | $3.07 Billion | $6.52 Billion | $3.45 Billion | ▲ +22.3% |
| 2013 | 0.38x | $2.05 Billion | $5.33 Billion | $3.28 Billion | ▲ +96.1% |
| 2012 | 0.20x | $1.07 Billion | $5.43 Billion | $4.37 Billion | ▼ -67.1% |
| 2011 | 0.60x | $3.14 Billion | $5.27 Billion | $2.13 Billion | ▼ -15.6% |
| 2010 | 0.71x | $4.15 Billion | $5.88 Billion | $1.73 Billion | ▲ +254.2% |
| 2009 | 0.20x | $883.00 Million | $4.43 Billion | $3.55 Billion | ▲ +437.0% |
| 2008 | -0.06x | $-244.00 Million | $4.12 Billion | $4.37 Billion | ▼ -130.8% |
| 2007 | 0.19x | $934.00 Million | $4.86 Billion | $3.93 Billion | ▼ -19.6% |
| 2006 | 0.24x | $1.06 Billion | $4.45 Billion | $3.39 Billion | ▲ +500.8% |
| 2005 | 0.04x | $127.00 Million | $3.19 Billion | $3.07 Billion | ▼ -19.5% |
| 2004 | 0.05x | $156.00 Million | $3.16 Billion | $3.00 Billion | ▲ +104.8% |
| 2003 | -1.03x | $-1.63 Billion | $1.59 Billion | $3.22 Billion | ▼ -74.5% |
| 2002 | -0.59x | $-1.17 Billion | $1.99 Billion | $3.16 Billion | ▼ -79.8% |
| 2001 | -0.33x | $-623.00 Million | $1.91 Billion | $2.53 Billion | ▼ -320.5% |
| 2000 | 0.15x | $334.00 Million | $2.25 Billion | $1.92 Billion | ▲ +163.0% |
| 1999 | 0.06x | $105.00 Million | $1.86 Billion | $1.76 Billion | ▼ -77.0% |
| 1998 | 0.25x | $441.00 Million | $1.79 Billion | $1.35 Billion | ▲ +128.2% |
| 1997 | 0.11x | $157.00 Million | $1.46 Billion | $1.30 Billion | ▲ +134.6% |
| 1996 | -0.31x | $-361.00 Million | $1.16 Billion | $1.52 Billion | ▼ -36.6% |
| 1995 | -0.23x | $-203.00 Million | $892.00 Million | $1.09 Billion | ▼ -211.0% |
| 1994 | 0.21x | $250.00 Million | $1.22 Billion | $969.00 Million | ▲ +205.8% |
| 1993 | 0.07x | $66.00 Million | $984.00 Million | $918.00 Million | ▲ +105.1% |
| 1992 | -1.31x | $-572.00 Million | $437.00 Million | $1.01 Billion | ▼ -1443.5% |
| 1991 | -0.08x | $-53.00 Million | $625.00 Million | $678.00 Million | ▼ -152.2% |
| 1990 | 0.16x | $120.00 Million | $739.00 Million | $619.00 Million | — |