Target Corporation reported a solid Q4 2024, with revenue of $31.395 billion, up 26.0% year over year, and a cadence of margin stability against a backdrop of ongoing promotional activity and mix shifts. The company generated $3.466 billion of cash flow from operations and $2.261 billion of free cash flow, supporting a robust cash generation profile even as total debt remained elevated. Net income rose to $876 million and diluted EPS reached $1.89–$1.90, marking meaningful profitability in a high-volume retail environment. On the balance sheet, total assets stood at $53.335 billion and total liabilities at $42.103 billion, with net debt of approximately $16.8 billion and a current ratio of about 0.92, signaling liquidity dynamics typical of a large, inventory-intense retailer. The Q4 results underline Target’s ability to sustain synthetic earnings growth through mix optimization and cost discipline, while leveraging its omnichannel footprint to drive scale. However, leverage remains a key consideration for investors, given the sizable debt load and working capital dynamics that accompanied the quarter. The absence of formal forward guidance in the provided data means the outlook should be interpreted in the context of ongoing cost-control initiatives, inventory productivity, and competitive intensity in the US specialty retail space.