M vs TGT
Macy's, Inc. and Target Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | M | TGT |
|---|---|---|
| Revenue | $22.6B | $104.8B |
| Net income | $642.0M | $3.7B |
| Gross margin | 40.3% | 27.9% |
| Net margin | 2.8% | 3.5% |
| Return on equity | 13.6% | 24.0% |
| Diluted EPS | $2.32 | $8.13 |
| Dividend / share | $0.73 | $4.54 |
| Payout ratio | 30.7% | 55.4% |
| Free cash flow | $1.1B | $2.8B |
| Equity | $4.9B | $16.2B |
| Net debt / equity | 0.24× | 0.55× |
| Current ratio | 1.49× | 0.94× |
| Revenue CAGR 5y | 5.5% | 2.3% |
| Profit CAGR 5y | · | −3.2% |
TGT bills 4.6× the revenue of M, and keeps more of each dollar of revenue as profit (3.5% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | M | TGT |
|---|---|---|
| FY2025 | $22.6B | $104.8B |
| FY2024 | $23.0B | $106.6B |
| FY2023 | $23.9B | $107.4B |
| FY2022 | $25.4B | $109.1B |
| FY2021 | $25.4B | $106.0B |
| FY2020 | $17.3B | $93.6B |
| FY2019 | $24.6B | $78.1B |
| FY2018 | $25.0B | $75.4B |
| FY2017 | $24.9B | $72.7B |
| FY2016 | $25.9B | $70.3B |
Bottom line
| Fiscal year | M | TGT |
|---|---|---|
| FY2025 | $642.0M | $3.7B |
| FY2024 | $582.0M | $4.1B |
| FY2023 | $45.0M | $4.1B |
| FY2022 | $1.1B | $2.8B |
| FY2021 | $1.4B | $6.9B |
| FY2020 | $-3.9B | $4.4B |
| FY2019 | $564.0M | $3.3B |
| FY2018 | $1.1B | $2.9B |
| FY2017 | $1.6B | $2.9B |
| FY2016 | $627.0M | $2.7B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$82,159,000,000 | TGT |
| FY2024 | −$83,560,000,000 | TGT |
| FY2023 | −$83,546,000,000 | TGT |
| FY2022 | −$83,671,000,000 | TGT |
| FY2021 | −$80,606,000,000 | TGT |
| FY2020 | −$76,215,000,000 | TGT |
| FY2019 | −$53,552,000,000 | TGT |
| FY2018 | −$50,385,000,000 | TGT |
| FY2017 | −$47,775,000,000 | TGT |
| FY2016 | −$44,363,000,000 | TGT |
| FY2015 | −$46,706,000,000 | TGT |
| FY2014 | −$44,513,000,000 | TGT |
| FY2013 | −$43,348,000,000 | TGT |
| FY2012 | −$45,615,000,000 | TGT |
| FY2011 | −$43,460,000,000 | TGT |
| FY2010 | −$42,387,000,000 | TGT |
| FY2009 | −$41,868,000,000 | TGT |
| FY2008 | −$40,056,000,000 | TGT |
| FY2007 | −$37,054,000,000 | TGT |
TGT has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.7 pp | TGT |
| FY2024 | −1.3 pp | TGT |
| FY2023 | −3.7 pp | TGT |
| FY2022 | +2.0 pp | M |
| FY2021 | −0.9 pp | TGT |
| FY2020 | −27.4 pp | TGT |
| FY2011 | +0.6 pp | M |
| FY2010 | −0.9 pp | TGT |
| FY2009 | −2.4 pp | TGT |
| FY2008 | −22.6 pp | TGT |
| FY2007 | −1.1 pp | TGT |
The higher net margin has changed hands between M and TGT over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's net margin has been more volatile than TGT's over the 11 comparable fiscal years — 9.5 percentage points of standard deviation against 1.0.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between M and TGT over these 11 fiscal years — M led in 2 and TGT in 9.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's return on equity has been more volatile than TGT's over the 19 comparable fiscal years — 31.4 percentage points of standard deviation against 11.5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between M and TGT over these 19 fiscal years — M led in 6 and TGT in 13.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.