Target vs Walmart (TGT vs WMT)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Walmart is the larger company by revenue ($706.4B vs $104.8B) and market value ($945.5B vs $70.1B). Walmart has grown revenue faster over the last 4 fiscal years (+24.4% cumulative vs -1.2%). Target trades at the lower trailing P/E (16.0x vs 43.0x).
About Target
Target Corporation operates retail stores and digital channels offering a wide range of general merchandise and groceries. It serves customers across the United States, providing products through physical stores and online platforms, including owned brands and national brands. The company also generates revenue from advertising services, credit card profit-sharing, and third-party marketplace sales.
About Walmart
Walmart Inc. is a global retailer operating retail stores and eCommerce platforms in 19 countries. It serves approximately 280 million customers weekly through over 10,900 stores and various online websites and mobile applications. The company offers a wide range of products including groceries, general merchandise, health and wellness items, and provides services such as advertising, financial products, and supply chain solutions.
Head to head (TGT FY2025 vs WMT FY2026)
| Metric | TGTFY2025 | WMTFY2026 |
|---|---|---|
| Revenue | $104.78B | $706.41B |
| Revenue growth (YoY) | -1.7% | 4.7% |
| Gross margin | 27.9% | 24.2% |
| Operating margin | 4.9% | 4.2% |
| Net margin | 3.5% | 3.1% |
| Net income | $3.71B | $21.89B |
| Diluted EPS | $8.13 | $2.73 |
| FCF margin | 2.7% | 2.1% |
| ROE | 22.9% | 20.7% |
| Long-term debt / equity | 0.89× | 0.33× |
| Market cap | $70.08B | $945.50B |
| P/E | 16.0× | 43.0× |
Fundamentals are from each company’s SEC filings (TGT FY2025, WMT FY2026). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| TGT by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $106.00B | $109.12B | $107.41B | $106.57B | $104.78B |
| Net income | $6.95B | $2.78B | $4.14B | $4.09B | $3.71B |
| Operating margin | 8.4% | 3.5% | 5.3% | 5.2% | 4.9% |
| WMT by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $567.76B | $605.88B | $642.64B | $674.54B | $706.41B |
| Net income | $13.67B | $11.68B | $15.51B | $19.44B | $21.89B |
| Operating margin | 4.6% | 3.4% | 4.2% | 4.4% | 4.2% |
Target and Walmart use different fiscal calendars (TGT's FY2025 ended 2026-01-31, WMT's FY2026 ended 2026-01-31), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 131 Consumer Staples companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | TGT | WMT |
|---|---|---|
| Gross margin | 27.9%39th percentile of 113 | 24.2%29th percentile of 113 |
| Operating margin | 4.9%54th percentile of 117 | 4.2%48th percentile of 117 |
| Net margin | 3.5%57th percentile of 121 | 3.1%53rd percentile of 121 |
| FCF margin | 2.7%45th percentile of 114 | 2.1%40th percentile of 114 |
| Revenue growth (YoY) | -1.7%29th percentile of 127 | +4.7%59th percentile of 127 |
| ROE | 22.9%87th percentile of 114 | 20.7%83rd percentile of 114 |
| P/E | 16.0×30th percentile of 77 | 43.0×87th percentile of 77 |
| Long-term debt / equity | 0.89×72nd percentile of 82 | 0.33×38th percentile of 82 |
| Short interest (days to cover) | 4.87d67th percentile of 129 | 3.39d44th percentile of 129 |
Short interest
| FINRA settlement data | TGT | WMT |
|---|---|---|
| Shares sold short | 17.3M | 80.9M |
| Change vs prior settlement | +2.8% | +0.4% |
| Days to cover | 4.87 | 3.39 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | TGT | WMT |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 3 ($11.0M) | 14 ($11.1M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Target and Walmart as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Millennium Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
COST vs TGTDG vs TGTAMZN vs WMTCOST vs WMTKR vs WMTAll comparisons →
Track TGT and WMT
Get an alert when either company files something material, see which superinvestors own them, and ask their filings a question with cited answers.
Start monitoring freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.