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Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and Target Corporation (TGT). Click either name above to swap in a different company.
Alibaba Group Holding Ltd is the larger business by last-quarter revenue ($38.8B vs $25.3B, roughly 1.5× Target Corporation). Alibaba Group Holding Ltd runs the higher net margin — 5.8% vs 2.7%, a 3.0% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
Target Corporation, doing business as Target, is an American retail corporation headquartered in Minneapolis, Minnesota, United States. Target operates retail stores. It is the eighth-largest retailer in the United States and is a component of the S&P 500 Index.
BABA vs TGT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $25.3B |
| Net Profit | $2.2B | $689.0M |
| Gross Margin | 40.2% | 28.2% |
| Operating Margin | 6.6% | 3.8% |
| Net Margin | 5.8% | 2.7% |
| Revenue YoY | — | -1.6% |
| Net Profit YoY | — | -19.3% |
| EPS (diluted) | $6.64 | $1.51 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $38.8B | $25.3B | ||
| Q3 25 | $34.2B | $25.2B | ||
| Q2 25 | $32.6B | $23.8B | ||
| Q1 25 | — | $30.9B | ||
| Q4 24 | $38.7B | $25.7B | ||
| Q3 24 | — | $25.5B | ||
| Q2 24 | — | $24.5B | ||
| Q1 24 | — | $31.9B |
| Q4 25 | $2.2B | $689.0M | ||
| Q3 25 | $2.9B | $935.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $6.8B | $854.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $942.0M | ||
| Q1 24 | — | $1.4B |
| Q4 25 | 40.2% | 28.2% | ||
| Q3 25 | 39.2% | 29.0% | ||
| Q2 25 | 38.4% | 28.2% | ||
| Q1 25 | — | 26.0% | ||
| Q4 24 | 42.0% | 28.4% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 28.9% | ||
| Q1 24 | — | 26.7% |
| Q4 25 | 6.6% | 3.8% | ||
| Q3 25 | 2.2% | 5.2% | ||
| Q2 25 | 12.0% | 6.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | 14.7% | 4.6% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 5.8% | 2.7% | ||
| Q3 25 | 8.5% | 3.7% | ||
| Q2 25 | 5.3% | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | 17.5% | 3.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 4.3% |
| Q4 25 | $6.64 | $1.51 | ||
| Q3 25 | $8.72 | $2.05 | ||
| Q2 25 | $5.20 | $2.27 | ||
| Q1 25 | — | $2.41 | ||
| Q4 24 | $20.40 | $1.85 | ||
| Q3 24 | — | $2.57 | ||
| Q2 24 | — | $2.03 | ||
| Q1 24 | — | $2.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $3.8B |
| Total DebtLower is stronger | — | $15.4B |
| Stockholders' EquityBook value | $148.7B | $15.5B |
| Total Assets | $268.6B | $60.0B |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3B | $3.8B | ||
| Q3 25 | $19.0B | $4.3B | ||
| Q2 25 | $20.0B | $2.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | $22.3B | $3.4B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | — | $15.4B | ||
| Q3 25 | — | $15.3B | ||
| Q2 25 | — | $14.3B | ||
| Q1 25 | — | $14.3B | ||
| Q4 24 | — | $14.3B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.5B | ||
| Q1 24 | — | $14.9B |
| Q4 25 | $148.7B | $15.5B | ||
| Q3 25 | $145.0B | $15.4B | ||
| Q2 25 | $139.2B | $14.9B | ||
| Q1 25 | — | $14.7B | ||
| Q4 24 | $137.2B | $14.5B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | — | $13.8B | ||
| Q1 24 | — | $13.4B |
| Q4 25 | $268.6B | $60.0B | ||
| Q3 25 | $264.6B | $57.9B | ||
| Q2 25 | $248.6B | $56.2B | ||
| Q1 25 | — | $57.8B | ||
| Q4 24 | $254.1B | $58.5B | ||
| Q3 24 | — | $56.0B | ||
| Q2 24 | — | $55.1B | ||
| Q1 24 | — | $55.4B |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 1.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $1.1B |
| Free Cash FlowOCF − Capex | — | $149.0M |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 2.31× | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $1.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $3.8B | $275.0M | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $9.7B | $739.0M | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | — | $149.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $-515.0M | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $427.0M | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -2.2% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 2.31× | 1.64× | ||
| Q3 25 | 0.49× | 2.23× | ||
| Q2 25 | 2.19× | 0.27× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | 1.43× | 0.87× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.17× | ||
| Q1 24 | — | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
TGT
| Food And Beverage | $6.0B | 24% |
| Household Essentials | $4.5B | 18% |
| Home Furnishings And Decor | $3.9B | 15% |
| Apparel And Accessories | $3.8B | 15% |
| Beauty | $3.2B | 13% |
| Hardlines | $3.2B | 13% |
| Advertising Revenue | $241.0M | 1% |
| Other Other Revenue | $158.0M | 1% |
| Credit Card Profit Sharing | $119.0M | 0% |
| Other Product | $34.0M | 0% |
