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Side-by-side financial comparison of Target Corporation (TGT) and T-Mobile US (TMUS). Click either name above to swap in a different company.
Target Corporation is the larger business by last-quarter revenue ($25.3B vs $23.1B, roughly 1.1× T-Mobile US). T-Mobile US runs the higher net margin — 10.8% vs 2.7%, a 8.1% gap on every dollar of revenue. On growth, T-Mobile US posted the faster year-over-year revenue change (10.6% vs -1.6%). T-Mobile US produced more free cash flow last quarter ($4.6B vs $149.0M). Over the past eight quarters, T-Mobile US's revenue compounded faster (8.1% CAGR vs -11.0%).
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.
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
TGT vs TMUS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.3B | $23.1B |
| Net Profit | $689.0M | $2.5B |
| Gross Margin | 28.2% | — |
| Operating Margin | 3.8% | 20.8% |
| Net Margin | 2.7% | 10.8% |
| Revenue YoY | -1.6% | 10.6% |
| Net Profit YoY | -19.3% | -15.2% |
| EPS (diluted) | $1.51 | $2.27 |
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.
| Q1 26 | — | $23.1B | ||
| Q4 25 | $25.3B | $24.3B | ||
| Q3 25 | $25.2B | $22.0B | ||
| Q2 25 | $23.8B | $21.1B | ||
| Q1 25 | $30.9B | $20.9B | ||
| Q4 24 | $25.7B | $21.9B | ||
| Q3 24 | $25.5B | $20.2B | ||
| Q2 24 | $24.5B | $19.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $689.0M | $2.1B | ||
| Q3 25 | $935.0M | $2.7B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $854.0M | $3.0B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $942.0M | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 28.2% | — | ||
| Q1 25 | 26.0% | — | ||
| Q4 24 | 28.4% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 28.9% | — |
| Q1 26 | — | 20.8% | ||
| Q4 25 | 3.8% | 15.4% | ||
| Q3 25 | 5.2% | 20.6% | ||
| Q2 25 | 6.2% | 24.7% | ||
| Q1 25 | 4.7% | 23.0% | ||
| Q4 24 | 4.6% | 21.0% | ||
| Q3 24 | 6.4% | 23.8% | ||
| Q2 24 | 5.3% | 23.4% |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 2.7% | 8.6% | ||
| Q3 25 | 3.7% | 12.4% | ||
| Q2 25 | 4.3% | 15.2% | ||
| Q1 25 | 3.6% | 14.1% | ||
| Q4 24 | 3.3% | 13.6% | ||
| Q3 24 | 4.7% | 15.2% | ||
| Q2 24 | 3.8% | 14.8% |
| Q1 26 | — | $2.27 | ||
| Q4 25 | $1.51 | $1.89 | ||
| Q3 25 | $2.05 | $2.41 | ||
| Q2 25 | $2.27 | $2.84 | ||
| Q1 25 | $2.41 | $2.58 | ||
| Q4 24 | $1.85 | $2.56 | ||
| Q3 24 | $2.57 | $2.61 | ||
| Q2 24 | $2.03 | $2.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8B | $3.5B |
| Total DebtLower is stronger | $15.4B | $86.0B |
| Stockholders' EquityBook value | $15.5B | $55.9B |
| Total Assets | $60.0B | $214.7B |
| Debt / EquityLower = less leverage | 0.99× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $3.8B | $5.6B | ||
| Q3 25 | $4.3B | $3.3B | ||
| Q2 25 | $2.9B | $10.3B | ||
| Q1 25 | $8.7B | $12.0B | ||
| Q4 24 | $3.4B | $5.4B | ||
| Q3 24 | $3.5B | $9.8B | ||
| Q2 24 | $3.6B | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | $15.4B | $86.3B | ||
| Q3 25 | $15.3B | — | ||
| Q2 25 | $14.3B | — | ||
| Q1 25 | $14.3B | — | ||
| Q4 24 | $14.3B | $78.3B | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.5B | — |
| Q1 26 | — | $55.9B | ||
| Q4 25 | $15.5B | $59.2B | ||
| Q3 25 | $15.4B | $60.5B | ||
| Q2 25 | $14.9B | $61.1B | ||
| Q1 25 | $14.7B | $61.1B | ||
| Q4 24 | $14.5B | $61.7B | ||
| Q3 24 | $14.4B | $64.3B | ||
| Q2 24 | $13.8B | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $60.0B | $219.2B | ||
| Q3 25 | $57.9B | $217.2B | ||
| Q2 25 | $56.2B | $212.6B | ||
| Q1 25 | $57.8B | $214.6B | ||
| Q4 24 | $58.5B | $208.0B | ||
| Q3 24 | $56.0B | $210.7B | ||
| Q2 24 | $55.1B | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | 0.99× | 1.46× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.99× | 1.27× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 0.97× | — |
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 | $1.1B | $7.2B |
| Free Cash FlowOCF − Capex | $149.0M | $4.6B |
| FCF MarginFCF / Revenue | 0.6% | 19.9% |
| Capex IntensityCapex / Revenue | 3.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.64× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | $3.0B | $18.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $1.1B | $6.7B | ||
| Q3 25 | $2.1B | $7.5B | ||
| Q2 25 | $275.0M | $7.0B | ||
| Q1 25 | $3.3B | $6.8B | ||
| Q4 24 | $739.0M | $5.5B | ||
| Q3 24 | $2.2B | $6.1B | ||
| Q2 24 | $1.1B | $5.5B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $149.0M | $4.2B | ||
| Q3 25 | $1.0B | $4.8B | ||
| Q2 25 | $-515.0M | $4.6B | ||
| Q1 25 | $2.4B | $4.4B | ||
| Q4 24 | $84.0M | $3.3B | ||
| Q3 24 | $1.6B | $4.2B | ||
| Q2 24 | $427.0M | $3.5B |
| Q1 26 | — | 19.9% | ||
| Q4 25 | 0.6% | 17.2% | ||
| Q3 25 | 4.0% | 21.9% | ||
| Q2 25 | -2.2% | 21.7% | ||
| Q1 25 | 7.7% | 21.0% | ||
| Q4 24 | 0.3% | 15.3% | ||
| Q3 24 | 6.3% | 20.7% | ||
| Q2 24 | 1.7% | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 3.9% | 10.1% | ||
| Q3 25 | 4.3% | 12.0% | ||
| Q2 25 | 3.3% | 11.3% | ||
| Q1 25 | 3.0% | 11.7% | ||
| Q4 24 | 2.6% | 10.1% | ||
| Q3 24 | 2.5% | 9.7% | ||
| Q2 24 | 2.7% | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 1.64× | 3.16× | ||
| Q3 25 | 2.23× | 2.75× | ||
| Q2 25 | 0.27× | 2.17× | ||
| Q1 25 | 2.98× | 2.32× | ||
| Q4 24 | 0.87× | 1.86× | ||
| Q3 24 | 1.88× | 2.01× | ||
| Q2 24 | 1.17× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
