Live Earnings Conference Call: TJX Companies will host a live Q1 2026 earnings call on May 21, 2025 at 11:00AM ET. Get details.

TJX Companies (TJX) Financials

$135.08 +0.05 (+0.04%)

As of 05/20/2025 03:58 PM Eastern

Compare

Annual Income Statements for TJX Companies

This table shows TJX Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016	1/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,864	4,474	3,498	3,283	90	3,272	3,060	2,608	2,298	2,278	2,215
Consolidated Net Income / (Loss)	4,864	4,474	3,498	3,283	90	3,272	3,060	2,608	2,298	2,278	2,215
Net Income / (Loss) Continuing Operations	4,864	4,474	3,498	3,283	90	3,272	3,060	2,608	2,298	2,278	2,215
Total Pre-Tax Income	6,483	5,967	4,636	4,398	89	4,406	4,173	3,857	3,723	3,658	3,550
Total Operating Income	6,302	5,797	4,860	4,755	582	4,416	4,182	3,888	3,818	3,705	3,607
Total Gross Profit	17,248	16,266	13,787	13,836	7,603	11,871	11,142	10,362	9,618	8,910	8,302
Total Revenue	56,360	54,217	49,936	48,550	32,137	41,717	38,973	35,865	33,184	30,945	29,078
Operating Revenue	56,360	54,217	49,936	48,550	32,137	41,717	38,973	35,865	33,184	30,945	29,078
Total Cost of Revenue	39,112	37,951	36,149	34,714	24,534	29,846	27,831	25,502	23,566	22,035	20,777
Operating Cost of Revenue	39,112	37,951	36,149	34,714	24,534	29,846	27,831	25,502	23,566	22,035	20,777
Total Operating Expenses	10,946	10,469	8,927	9,081	7,021	7,455	6,960	6,474	5,800	5,206	4,695
Selling, General & Admin Expense	10,946	10,469	8,927	9,081	7,021	7,455	6,924	6,375	5,768	5,206	4,695
Total Other Income / (Expense), net	181	170	-224	-357	-493	-10	-8.86	-32	-95	-46	-57
Interest Expense	-181	-170	6.00	357	493	10	8.86	32	95	46	57
Interest & Investment Income	0.00	0.00	-218	0.00	0.00	-	-	-	-	-	-
Income Tax Expense	1,619	1,493	1,138	1,115	-1.00	1,134	1,113	1,249	1,425	1,381	1,335
Basic Earnings per Share	$4.31	$3.90	$3.00	$2.74	$0.08	$2.71	$2.47	$2.05	$1.75	$3.38	$3.20
Weighted Average Basic Shares Outstanding	1.13B	1.15B	1.17B	1.20B	1.20B	1.21B	1.24B	1.27B	1.31B	673.48M	692.69M
Diluted Earnings per Share	$4.26	$3.86	$2.97	$2.70	$0.07	$2.67	$2.43	$2.02	$1.73	$3.33	$3.15
Weighted Average Diluted Shares Outstanding	1.14B	1.16B	1.18B	1.22B	1.22B	1.23B	1.26B	1.29B	1.33B	683.25M	703.55M
Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.13B	1.15B	1.18B	1.21B	1.20B	1.24B	1.27B	654.80M	673.90M	692.20M
Cash Dividends to Common per Share	$1.50	$1.33	$1.18	$1.04	$0.26	$0.92	$0.78	$0.63	$1.04	$0.84	$0.70

This table shows TJX Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,398	1,297	1,099	1,070	1,403	1,191	989	891	1,038	1,063	810
Consolidated Net Income / (Loss)	1,398	1,297	1,099	1,070	1,403	1,191	989	891	1,038	1,063	810
Net Income / (Loss) Continuing Operations	1,398	1,297	1,099	1,070	1,403	1,191	989	891	1,038	1,063	810
Total Pre-Tax Income	1,889	1,736	1,468	1,390	1,843	1,589	1,327	1,208	1,339	1,359	1,086
Total Operating Income	1,847	1,693	1,422	1,340	1,789	1,548	1,289	1,171	1,316	1,358	1,097
Total Gross Profit	4,979	4,441	4,088	3,740	4,883	4,126	3,848	3,409	3,789	3,543	3,272
Total Revenue	16,350	14,063	13,468	12,479	16,411	13,265	12,758	11,783	14,520	12,167	11,843
Operating Revenue	16,350	14,063	13,468	12,479	16,411	13,265	12,758	11,783	14,520	12,167	11,843
Total Cost of Revenue	11,371	9,622	9,380	8,739	11,528	9,139	8,910	8,374	10,731	8,624	8,571
Operating Cost of Revenue	11,371	9,622	9,380	8,739	11,528	9,139	8,910	8,374	10,731	8,624	8,571
Total Operating Expenses	3,132	2,748	2,666	2,400	3,094	2,578	2,559	2,238	2,473	2,185	2,175
Selling, General & Admin Expense	3,132	2,748	2,666	2,400	3,094	2,578	2,559	2,238	2,473	2,185	2,175
Total Other Income / (Expense), net	42	43	46	50	54	41	38	37	23	1.00	-11
Interest Expense	-42	-43	-46	-50	-54	-41	-38	-37	-23	-1.00	11
Income Tax Expense	491	439	369	320	440	398	338	317	301	296	276
Basic Earnings per Share	$1.24	$1.15	$0.97	$0.95	$1.23	$1.04	$0.86	$0.77	$0.89	$0.92	$0.69
Weighted Average Basic Shares Outstanding	1.13B	1.13B	1.13B	1.13B	1.15B	1.14B	1.15B	1.15B	1.17B	1.16B	1.17B
Diluted Earnings per Share	$1.23	$1.14	$0.96	$0.93	$1.22	$1.03	$0.85	$0.76	$0.88	$0.91	$0.69
Weighted Average Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.15B	1.16B	1.16B	1.16B	1.17B	1.18B	1.17B	1.18B
Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.12B	1.13B	1.13B	1.13B	1.14B	1.14B	1.15B	1.15B	1.16B	1.16B

This table details how cash moves in and out of TJX Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016	1/31/2015
Net Change in Cash & Equivalents	-265	123	-750	-4,243	7,253	187	272	-284	834	-398	344
Net Cash From Operating Activities	6,116	6,057	4,084	3,057	4,562	4,067	4,088	3,026	3,627	2,957	3,008
Net Cash From Continuing Operating Activities	6,116	6,057	4,084	3,057	4,562	4,067	4,088	3,026	3,627	2,957	3,008
Net Income / (Loss) Continuing Operations	4,864	4,474	3,498	3,283	90	3,272	3,060	2,608	2,298	2,278	2,215
Consolidated Net Income / (Loss)	4,864	4,474	3,498	3,283	90	3,272	3,060	2,608	2,298	2,278	2,215
Depreciation Expense	1,104	964	887	868	871	867	820	726	659	617	589
Non-Cash Adjustments To Reconcile Net Income	193	221	363	440	455	171	121	209	85	33	14
Changes in Operating Assets and Liabilities, net	-45	398	-664	-1,534	3,146	-244	88	-518	592	30	191
Net Cash From Investing Activities	-2,477	-1,717	-1,470	-1,046	-579	-1,462	-624	-1,013	-1,215	-1,063	-955
Net Cash From Continuing Investing Activities	-2,477	-1,717	-1,470	-1,046	-579	-1,462	-624	-1,013	-1,215	-1,063	-955
Purchase of Property, Plant & Equipment	-1,918	-1,722	-1,457	-1,045	-568	-1,223	-1,125	-1,058	-1,025	-889	-912
Acquisitions	-551	-	-	-	-	-230	0.00	0.00	-	-57	0.00
Purchase of Investments	-35	-28	-31	-22	-29	-29	-162	-861	-717	-798	-431
Sale and/or Maturity of Investments	27	33	18	21	18	13	637	906	529	681	388
Net Cash From Financing Activities	-3,838	-4,215	-3,306	-6,200	3,228	-2,415	-3,097	-2,297	-1,587	-2,195	-1,560
Net Cash From Continuing Financing Activities	-3,838	-4,215	-3,306	-6,200	3,228	-2,415	-3,097	-2,297	-1,587	-2,195	-1,560
Repayment of Debt	-43	-532	-33	-3,001	-2,490	0.00	-7.12	-3.14	-436	0.00	-423
Repurchase of Common Equity	-2,513	-2,484	-2,255	-2,176	-202	-1,552	-2,407	-1,645	-1,700	-1,828	-1,651
Payment of Dividends	-1,648	-1,484	-1,339	-1,252	-278	-1,072	-923	-764	-651	-544	-466
Issuance of Common Equity	366	285	321	229	211	232	255	134	164	132	143
Effect of Exchange Rate Changes	-66	-2.00	-58	-54	42	-3.18	-96	-	9.27	-	-

This table details how cash moves in and out of TJX Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Change in Cash & Equivalents	617	-532	191	-541	1,310	-260	-475	-452	2,112	-166	-764
Net Cash From Operating Activities	2,704	1,046	1,629	737	2,800	1,171	1,341	745	3,025	1,053	640
Net Cash From Continuing Operating Activities	2,704	1,046	1,629	737	2,800	1,171	1,341	745	3,025	1,053	640
Net Income / (Loss) Continuing Operations	1,398	1,297	1,099	1,070	1,403	1,191	989	891	1,038	1,063	810
Consolidated Net Income / (Loss)	1,398	1,297	1,099	1,070	1,403	1,191	989	891	1,038	1,063	810
Depreciation Expense	309	266	265	264	252	245	235	232	231	218	218
Non-Cash Adjustments To Reconcile Net Income	59	48	45	41	61	69	53	38	43	39	32
Changes in Operating Assets and Liabilities, net	938	-565	220	-638	1,084	-334	64	-416	1,713	-267	-420
Net Cash From Investing Activities	-870	-617	-563	-427	-436	-462	-457	-362	-360	-407	-379
Net Cash From Continuing Investing Activities	-870	-617	-563	-427	-436	-462	-457	-362	-360	-407	-379
Purchase of Property, Plant & Equipment	-514	-422	-563	-419	-442	-460	-459	-361	-357	-407	-379
Acquisitions	-359	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-6.00	-6.00	-7.00	-16	-6.00	-5.00	-6.00	-11	-5.00	-5.00	-5.00
Sale and/or Maturity of Investments	9.00	3.00	7.00	8.00	12	3.00	8.00	10	2.00	5.00	5.00
Net Cash From Financing Activities	-1,163	-953	-882	-840	-1,097	-904	-1,377	-837	-591	-770	-1,014
Net Cash From Continuing Financing Activities	-1,163	-953	-882	-840	-1,097	-904	-1,377	-837	-591	-770	-1,014
Repayment of Debt	-1.00	-	-1.00	-41	-3.00	-	-499	-30	-1.00	1.00	-
Repurchase of Common Equity	-852	-593	-559	-509	-797	-646	-549	-492	-455	-493	-700
Payment of Dividends	-422	-423	-423	-380	-379	-380	-382	-343	-341	-343	-346
Issuance of Common Equity	112	63	101	90	82	122	53	28	206	65	32
Effect of Exchange Rate Changes	-54	-8.00	7.00	-11	43	-65	18	2.00	38	-42	-11

This table presents TJX Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016	1/31/2015
Total Assets	31,749	29,747	28,349	28,461	30,814	24,145	14,326	14,058	12,884	11,490	10,989
Total Current Assets	12,991	12,664	12,456	13,259	15,739	8,891	8,469	8,486	7,751	6,773	6,577
Cash & Equivalents	5,335	5,600	5,477	6,227	10,470	3,217	3,030	2,758	2,930	2,095	2,494
Accounts Receivable	549	529	563	518	461	386	346	327	259	238	214
Inventories, net	6,421	5,965	5,819	5,962	4,337	4,873	4,579	4,187	3,645	3,695	3,218
Prepaid Expenses	617	511	478	437	435	368	514	707	374	392	357
Current Deferred & Refundable Income Taxes	69	59	119	115	36	47	-	-	-	-	12
Plant, Property, & Equipment, net	7,346	6,571	5,783	5,271	5,036	5,325	5,255	5,006	4,533	4,138	3,868
Total Noncurrent Assets	11,412	10,512	10,110	9,931	10,038	9,929	602	566	600	580	543
Goodwill	94	95	97	97	99	96	98	100	196	194	310
Noncurrent Deferred & Refundable Income Taxes	148	172	158	185	127	12	6.47	6.56	6.19	14	23
Other Noncurrent Operating Assets	11,170	10,245	9,855	9,649	9,812	9,822	498	460	398	373	211
Total Liabilities & Shareholders' Equity	31,749	29,747	28,349	28,461	30,814	24,145	14,326	14,058	12,884	11,490	10,989
Total Liabilities	23,356	22,445	21,985	22,458	24,981	18,197	9,277	8,910	8,373	7,183	6,725
Total Current Liabilities	11,008	10,451	10,305	10,468	10,804	7,150	5,531	5,126	4,758	4,402	3,930
Accounts Payable	4,257	3,862	3,794	4,465	4,823	2,673	2,644	2,488	2,231	2,203	2,008
Accrued Expenses	5,040	4,870	4,346	4,245	3,471	3,042	2,733	2,523	2,320	2,070	1,796
Current Deferred & Payable Income Tax Liabilities	75	99	55	181	82	25	154	114	206	130	126
Other Current Liabilities	1,636	1,620	1,610	1,577	1,678	1,411	-	-	-	-	-
Total Noncurrent Liabilities	12,348	11,994	11,680	11,990	14,177	11,047	3,746	3,784	3,616	2,781	2,795
Long-Term Debt	2,866	2,862	2,859	3,355	5,333	2,237	2,234	2,231	2,228	1,615	1,624
Noncurrent Deferred & Payable Income Tax Liabilities	156	148	127	44	37	142	158	233	314	285	283
Other Noncurrent Operating Liabilities	9,326	8,984	8,694	8,591	8,807	8,668	1,354	1,321	1,074	881	888
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,393	7,302	6,364	6,003	5,833	5,948	5,049	5,148	4,511	4,307	4,264
Total Preferred & Common Equity	8,393	7,302	6,364	6,003	5,833	5,948	5,049	5,148	4,511	4,307	4,264
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,393	7,302	6,364	6,003	5,833	5,948	5,049	5,148	4,511	4,307	4,264
Common Stock	1,119	1,134	1,155	1,181	1,465	1,199	1,217	1,256	646	663	685
Retained Earnings	7,883	6,700	5,815	5,509	4,974	5,422	4,462	4,334	4,559	4,311	4,134
Accumulated Other Comprehensive Income / (Loss)	-609	-532	-606	-687	-606	-673	-630	-442	-694	-667	-554

This table presents TJX Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022	4/30/2022
Total Assets	32,436	30,555	29,679	29,747	30,351	28,922	28,681	28,349	28,428	27,091	27,710
Total Current Assets	14,352	12,890	12,409	12,664	13,806	12,338	12,595	12,456	12,989	11,835	12,480
Cash & Equivalents	4,718	5,250	5,059	5,600	4,290	4,550	5,025	5,477	3,365	3,531	4,295
Accounts Receivable	599	521	542	529	560	548	587	563	571	556	576
Inventories, net	8,371	6,470	6,218	5,965	8,285	6,585	6,441	5,819	8,329	7,083	6,990
Prepaid Expenses	546	536	528	511	535	507	496	478	582	553	565
Current Deferred & Refundable Income Taxes	118	113	62	59	136	148	46	119	142	112	54
Plant, Property, & Equipment, net	7,136	6,968	6,622	6,571	6,262	6,166	5,899	5,783	5,573	5,390	5,289
Total Noncurrent Assets	10,948	10,697	10,648	10,512	10,283	10,418	10,187	10,110	9,866	9,866	9,941
Goodwill	95	95	95	95	94	95	95	97	95	97	97
Noncurrent Deferred & Refundable Income Taxes	142	147	156	172	152	149	150	158	174	172	177
Other Noncurrent Operating Assets	10,711	10,455	10,397	10,245	10,037	10,174	9,942	9,855	9,597	9,597	9,667
Total Liabilities & Shareholders' Equity	32,436	30,555	29,679	29,747	30,351	28,922	28,681	28,349	28,428	27,091	27,710
Total Liabilities	24,263	22,773	22,177	22,445	23,518	22,314	22,259	21,985	22,763	21,694	22,115
Total Current Liabilities	12,017	10,621	10,100	10,451	11,640	10,317	10,534	10,305	11,234	10,147	10,019
Accounts Payable	5,617	4,503	4,072	3,862	5,425	4,438	4,304	3,794	4,993	4,085	4,371
Accrued Expenses	4,714	4,458	4,115	4,870	4,482	4,244	3,954	4,346	4,084	3,928	3,811
Current Deferred & Payable Income Tax Liabilities	44	39	298	99	51	17	167	55	83	62	261
Other Current Liabilities	1,642	1,621	1,615	1,620	1,682	1,618	1,609	1,610	1,574	1,572	1,576
Total Noncurrent Liabilities	12,246	12,152	12,077	11,994	11,878	11,997	11,725	11,680	11,529	11,547	12,096
Long-Term Debt	2,865	2,864	2,863	2,862	2,861	2,861	2,860	2,859	2,858	2,857	3,356
Noncurrent Deferred & Payable Income Tax Liabilities	172	162	156	148	133	132	133	127	74	67	54
Other Noncurrent Operating Liabilities	9,209	9,126	9,058	8,984	8,884	9,004	8,732	8,694	8,597	8,623	8,686
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,173	7,782	7,502	7,302	6,833	6,608	6,422	6,364	5,665	5,397	5,595
Total Preferred & Common Equity	8,173	7,782	7,502	7,302	6,833	6,608	6,422	6,364	5,665	5,397	5,595
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,173	7,782	7,502	7,302	6,833	6,608	6,422	6,364	5,665	5,397	5,595
Common Stock	1,124	1,128	1,131	1,134	1,141	1,145	1,150	1,155	1,156	1,162	1,173
Retained Earnings	7,596	7,186	6,921	6,700	6,345	6,014	5,864	5,815	5,338	5,003	5,164
Accumulated Other Comprehensive Income / (Loss)	-547	-532	-550	-532	-653	-551	-592	-606	-829	-768	-742

This table displays calculated financial ratios and metrics derived from TJX Companies' official financial filings.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016	1/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.95%	8.57%	2.85%	51.07%	-22.96%	7.04%	8.67%	8.08%	7.23%	6.42%	6.04%
EBITDA Growth	9.54%	17.64%	2.21%	286.99%	-72.50%	5.63%	8.40%	3.06%	3.60%	3.00%	7.59%
EBIT Growth	8.71%	19.28%	2.21%	717.01%	-86.82%	5.60%	7.56%	1.83%	3.07%	2.72%	7.64%
NOPAT Growth	8.78%	18.53%	3.31%	503.10%	-82.05%	6.96%	16.62%	11.55%	2.19%	2.49%	4.31%
Net Income Growth	8.72%	27.90%	6.55%	3,547.78%	-97.25%	6.94%	17.33%	13.48%	0.90%	2.82%	3.64%
EPS Growth	10.36%	29.97%	10.00%	3,757.14%	-97.38%	9.88%	20.30%	13.48%	0.90%	5.71%	7.14%
Operating Cash Flow Growth	0.97%	48.31%	33.60%	-32.99%	12.18%	-0.54%	35.13%	-16.58%	22.66%	-1.71%	15.69%
Free Cash Flow Firm Growth	-16.39%	57.86%	36.90%	-54.65%	60.36%	-12.46%	64.51%	-30.63%	32.01%	-11.58%	47.50%
Invested Capital Growth	29.80%	7.49%	35.61%	116.57%	-70.90%	16.84%	3.35%	26.01%	-6.02%	11.65%	1.70%
Revenue Q/Q Growth	-0.11%	3.61%	1.35%	6.38%	-3.78%	2.66%	0.43%	4.34%	1.55%	2.17%	1.73%
EBITDA Q/Q Growth	1.58%	7.88%	1.10%	7.75%	-24.42%	3.00%	1.74%	0.88%	0.67%	1.18%	2.56%
EBIT Q/Q Growth	0.93%	8.88%	1.08%	9.10%	-44.25%	3.57%	1.47%	0.34%	0.70%	1.04%	2.72%
NOPAT Q/Q Growth	0.11%	8.54%	1.84%	11.82%	-31.77%	4.68%	-1.29%	8.12%	0.45%	0.85%	3.07%
Net Income Q/Q Growth	-0.10%	8.88%	2.87%	23.07%	-88.00%	4.58%	-1.15%	8.28%	0.50%	0.81%	3.07%
EPS Q/Q Growth	0.24%	9.66%	3.48%	21.62%	-88.71%	3.09%	-2.80%	8.28%	0.50%	1.52%	1.29%
Operating Cash Flow Q/Q Growth	-1.55%	-3.58%	88.28%	36.95%	-29.49%	16.71%	14.40%	-12.15%	6.28%	4.14%	7.73%
Free Cash Flow Firm Q/Q Growth	-11.53%	-5.40%	168.65%	38.22%	-23.86%	16.91%	25.79%	-17.69%	4.40%	-3.38%	25.44%
Invested Capital Q/Q Growth	-6.27%	-15.54%	-24.96%	4.12%	22.37%	-13.12%	-11.01%	2.87%	-12.47%	-9.57%	-12.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.60%	30.00%	27.61%	28.50%	23.66%	28.46%	28.59%	28.89%	28.98%	28.79%	28.55%
EBITDA Margin	13.14%	12.47%	11.51%	11.58%	4.52%	12.67%	12.83%	12.87%	13.49%	13.96%	14.43%
Operating Margin	11.18%	10.69%	9.73%	9.79%	1.81%	10.59%	10.73%	10.84%	11.51%	11.97%	12.40%
EBIT Margin	11.18%	10.69%	9.73%	9.79%	1.81%	10.59%	10.73%	10.84%	11.51%	11.97%	12.40%
Profit (Net Income) Margin	8.63%	8.25%	7.01%	6.76%	0.28%	7.84%	7.85%	7.27%	6.93%	7.36%	7.62%
Tax Burden Percent	75.03%	74.98%	75.45%	74.65%	101.12%	74.26%	73.32%	67.62%	61.73%	62.26%	62.40%
Interest Burden Percent	102.87%	102.93%	95.39%	92.49%	15.29%	99.77%	99.79%	99.19%	97.50%	98.75%	98.43%
Effective Tax Rate	24.97%	25.02%	24.55%	25.35%	-1.12%	25.74%	26.68%	32.38%	38.27%	37.74%	37.60%
Return on Invested Capital (ROIC)	90.16%	98.67%	99.42%	155.11%	18.35%	71.14%	73.30%	71.26%	69.95%	70.04%	72.93%
ROIC Less NNEP Spread (ROIC-NNEP)	84.95%	93.42%	106.19%	162.45%	36.93%	71.98%	74.01%	73.14%	75.61%	72.95%	75.97%
Return on Net Nonoperating Assets (RNNOA)	-28.18%	-33.20%	-42.85%	-99.63%	-16.82%	-11.63%	-13.29%	-17.26%	-17.82%	-16.90%	-20.78%
Return on Equity (ROE)	61.98%	65.48%	56.57%	55.48%	1.53%	59.51%	60.01%	54.00%	52.13%	53.15%	52.16%
Cash Return on Invested Capital (CROIC)	64.23%	91.45%	69.19%	81.46%	128.19%	55.61%	70.01%	48.25%	76.16%	59.03%	71.25%
Operating Return on Assets (OROA)	20.50%	19.96%	17.11%	16.04%	2.12%	22.96%	29.47%	28.86%	31.33%	32.96%	34.04%
Return on Assets (ROA)	15.82%	15.40%	12.31%	11.08%	0.33%	17.01%	21.56%	19.36%	18.86%	20.26%	20.91%
Return on Common Equity (ROCE)	61.98%	65.48%	56.57%	55.48%	1.53%	59.51%	60.01%	54.00%	52.13%	53.15%	52.16%
Return on Equity Simple (ROE_SIMPLE)	57.95%	61.27%	54.97%	54.69%	1.54%	55.01%	60.61%	50.66%	50.95%	52.88%	51.95%
Net Operating Profit after Tax (NOPAT)	4,728	4,347	3,667	3,549	589	3,280	3,066	2,629	2,357	2,307	2,250
NOPAT Margin	8.39%	8.02%	7.34%	7.31%	1.83%	7.86%	7.87%	7.33%	7.10%	7.45%	7.74%
Net Nonoperating Expense Percent (NNEP)	5.22%	5.25%	-6.77%	-7.34%	-18.58%	-0.84%	-0.71%	-1.87%	-5.66%	-2.91%	-3.04%
Return On Investment Capital (ROIC_SIMPLE)	41.99%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.40%	70.00%	72.39%	71.50%	76.34%	71.54%	71.41%	71.11%	71.02%	71.21%	71.45%
SG&A Expenses to Revenue	19.42%	19.31%	17.88%	18.70%	21.85%	17.87%	17.77%	17.78%	17.38%	16.82%	16.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.42%	19.31%	17.88%	18.70%	21.85%	17.87%	17.86%	18.05%	17.48%	16.82%	16.15%
Earnings before Interest and Taxes (EBIT)	6,302	5,797	4,860	4,755	582	4,416	4,182	3,888	3,818	3,705	3,607
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,406	6,761	5,747	5,623	1,453	5,284	5,002	4,614	4,477	4,321	4,195
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.66	15.06	14.49	13.57	12.43	11.22	11.04	8.76	9.60	9.78	9.29
Price to Tangible Book Value (P/TBV)	16.85	15.26	14.71	13.80	12.65	11.40	11.26	8.94	10.03	10.24	10.02
Price to Revenue (P/Rev)	2.48	2.03	1.85	1.68	2.26	1.60	1.43	1.26	1.30	1.36	1.36
Price to Earnings (P/E)	28.75	24.58	26.35	24.82	805.63	20.40	18.21	17.30	18.84	18.48	17.89
Dividend Yield	1.17%	1.34%	1.44%	1.52%	1.52%	1.60%	1.64%	1.68%	1.49%	1.28%	1.16%
Earnings Yield	3.48%	4.07%	3.79%	4.03%	0.12%	4.90%	5.49%	5.78%	5.31%	5.41%	5.59%
Enterprise Value to Invested Capital (EV/IC)	23.19	23.49	21.21	25.11	47.12	13.24	12.92	10.71	12.88	11.88	12.37
Enterprise Value to Revenue (EV/Rev)	2.44	1.98	1.80	1.62	2.12	1.58	1.41	1.23	1.27	1.33	1.32
Enterprise Value to EBITDA (EV/EBITDA)	18.55	15.86	15.67	13.98	46.88	12.45	10.98	9.55	9.39	9.55	9.17
Enterprise Value to EBIT (EV/EBIT)	21.80	18.50	18.53	16.53	117.04	14.89	13.13	11.34	11.01	11.14	10.67
Enterprise Value to NOPAT (EV/NOPAT)	29.06	24.67	24.56	22.15	115.74	20.05	17.91	16.76	17.84	17.89	17.10
Enterprise Value to Operating Cash Flow (EV/OCF)	22.46	17.70	22.05	25.72	14.93	16.17	13.43	14.57	11.59	13.96	12.79
Enterprise Value to Free Cash Flow (EV/FCFF)	40.79	26.61	35.29	42.17	16.57	25.65	18.76	24.76	16.39	21.23	17.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.39	0.53	0.56	1.04	0.38	0.44	0.43	0.49	0.38	0.38
Long-Term Debt to Equity	0.34	0.39	0.45	0.56	0.91	0.38	0.44	0.43	0.49	0.38	0.38
Financial Leverage	-0.33	-0.36	-0.40	-0.61	-0.46	-0.16	-0.18	-0.24	-0.24	-0.23	-0.27
Leverage Ratio	3.92	4.25	4.59	5.01	4.67	3.50	2.78	2.79	2.76	2.62	2.49
Compound Leverage Factor	4.03	4.38	4.38	4.63	0.71	3.49	2.78	2.77	2.70	2.59	2.46
Debt to Total Capital	25.46%	28.16%	34.55%	35.85%	51.05%	27.33%	30.67%	30.23%	33.06%	27.27%	27.58%
Short-Term Debt to Total Capital	0.00%	0.00%	5.14%	0.00%	6.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.46%	28.16%	29.40%	35.85%	44.76%	27.33%	30.67%	30.23%	33.06%	27.27%	27.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.54%	71.84%	65.45%	64.15%	48.95%	72.67%	69.33%	69.77%	66.94%	72.73%	72.42%
Debt to EBITDA	0.39	0.42	0.58	0.60	4.19	0.42	0.45	0.48	0.50	0.37	0.77
Net Debt to EBITDA	-0.33	-0.41	-0.37	-0.51	-3.02	-0.19	-0.16	-0.22	-0.28	-0.19	-0.27
Long-Term Debt to EBITDA	0.39	0.42	0.50	0.60	3.67	0.42	0.45	0.48	0.50	0.37	0.39
Debt to NOPAT	0.61	0.66	0.92	0.95	10.34	0.68	0.73	0.85	0.95	0.70	0.72
Net Debt to NOPAT	-0.52	-0.63	-0.58	-0.81	-7.45	-0.30	-0.26	-0.39	-0.53	-0.36	-0.51
Long-Term Debt to NOPAT	0.61	0.66	0.78	0.95	9.06	0.68	0.73	0.85	0.95	0.70	0.72
Altman Z-Score	6.45	5.81	5.22	4.82	3.27	4.93	7.97	7.22	7.43	8.05	8.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.21	1.21	1.27	1.46	1.24	1.53	1.66	1.63	1.54	1.67
Quick Ratio	0.53	0.59	0.59	0.64	1.01	0.50	0.61	0.70	0.78	0.61	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,368	4,029	2,552	1,864	4,111	2,564	2,929	1,780	2,566	1,944	2,198
Operating Cash Flow to CapEx	318.87%	351.74%	280.30%	292.54%	803.17%	332.47%	363.37%	286.08%	353.93%	332.47%	330.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	425.34	5.22	8.34	255.69	330.54	56.36	26.93	41.90	38.83
Operating Cash Flow to Interest Expense	0.00	0.00	680.67	8.56	9.25	405.60	461.45	95.78	38.05	63.73	53.14
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	437.83	5.64	8.10	283.61	334.46	62.30	27.30	44.56	37.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.87	1.76	1.64	1.17	2.17	2.75	2.66	2.72	2.75	2.74
Accounts Receivable Turnover	104.56	99.30	92.39	99.17	75.85	113.89	115.74	122.41	133.56	136.96	137.19
Inventory Turnover	6.32	6.44	6.14	6.74	5.33	6.32	6.35	6.51	6.42	6.37	6.72
Fixed Asset Turnover	8.10	8.78	9.03	9.42	6.20	7.89	7.60	7.52	7.65	7.73	7.79
Accounts Payable Turnover	9.63	9.91	8.75	7.47	6.55	11.23	10.85	10.81	10.63	10.47	11.00
Days Sales Outstanding (DSO)	3.49	3.68	3.95	3.68	4.81	3.20	3.15	2.98	2.73	2.67	2.66
Days Inventory Outstanding (DIO)	57.79	56.67	59.48	54.15	68.51	57.79	57.48	56.05	56.84	57.26	54.32
Days Payable Outstanding (DPO)	37.88	36.82	41.70	48.83	55.76	32.51	33.66	33.77	34.34	34.87	33.19
Cash Conversion Cycle (CCC)	23.40	23.53	21.73	9.00	17.56	28.49	26.98	25.26	25.24	25.05	23.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,924	4,564	4,246	3,131	1,446	4,968	4,252	4,114	3,265	3,474	3,112
Invested Capital Turnover	10.75	12.31	13.54	21.22	10.02	9.05	9.32	9.72	9.85	9.40	9.42
Increase / (Decrease) in Invested Capital	1,360	318	1,115	1,685	-3,522	716	138	849	-209	363	52
Enterprise Value (EV)	137,392	107,216	90,069	78,618	68,120	65,761	54,928	44,080	42,052	41,269	38,481
Market Capitalization	139,861	109,954	92,187	81,490	72,507	66,741	55,725	45,114	43,298	42,102	39,634
Book Value per Share	$7.47	$6.41	$5.51	$5.03	$4.86	$4.94	$4.09	$8.14	$6.92	$6.43	$6.19
Tangible Book Value per Share	$7.38	$6.32	$5.42	$4.95	$4.78	$4.86	$4.02	$7.98	$6.62	$6.14	$5.74
Total Capital	11,259	10,164	9,723	9,358	11,915	8,185	7,282	7,379	6,738	5,922	5,888
Total Debt	2,866	2,862	3,359	3,355	6,083	2,237	2,234	2,231	2,228	1,615	1,624
Total Long-Term Debt	2,866	2,862	2,859	3,355	5,333	2,237	2,234	2,231	2,228	1,615	1,624
Net Debt	-2,469	-2,738	-2,118	-2,872	-4,387	-980	-797	-1,034	-1,245	-833	-1,153
Capital Expenditures (CapEx)	1,918	1,722	1,457	1,045	568	1,223	1,125	1,058	1,025	889	912
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,352	-3,387	-2,826	-3,436	-4,784	-1,476	-92	96	-480	-77	-129
Debt-free Net Working Capital (DFNWC)	1,983	2,213	2,651	2,791	5,685	1,740	2,938	3,360	2,993	2,370	2,648
Net Working Capital (NWC)	1,983	2,213	2,151	2,791	4,936	1,740	2,938	3,360	2,993	2,370	2,648
Net Nonoperating Expense (NNE)	-136	-127	169	266	499	7.45	6.50	21	59	29	35
Net Nonoperating Obligations (NNO)	-2,469	-2,738	-2,118	-2,872	-4,387	-980	-797	-1,034	-1,245	-833	-1,153
Total Depreciation and Amortization (D&A)	1,104	964	887	868	871	867	820	726	659	617	589
Debt-free, Cash-free Net Working Capital to Revenue	-5.95%	-6.25%	-5.66%	-7.08%	-14.89%	-3.54%	-0.24%	0.27%	-1.45%	-0.25%	-0.44%
Debt-free Net Working Capital to Revenue	3.52%	4.08%	5.31%	5.75%	17.69%	4.17%	7.54%	9.37%	9.02%	7.66%	9.11%
Net Working Capital to Revenue	3.52%	4.08%	4.31%	5.75%	15.36%	4.17%	7.54%	9.37%	9.02%	7.66%	9.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.31	$3.90	$3.00	$2.74	$0.08	$2.71	$2.47	$2.05	$1.76	$1.69	$1.60
Adjusted Weighted Average Basic Shares Outstanding	1.13B	1.15B	1.17B	1.20B	1.20B	1.21B	1.24B	1.27B	1.31B	1.35B	1.39B
Adjusted Diluted Earnings per Share	$4.26	$3.86	$2.97	$2.70	$0.07	$2.67	$2.43	$2.02	$1.73	$1.67	$1.58
Adjusted Weighted Average Diluted Shares Outstanding	1.14B	1.16B	1.18B	1.22B	1.21B	1.23B	1.26B	1.29B	1.33B	1.37B	1.41B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.13B	1.15B	1.18B	1.21B	1.20B	1.21B	1.25B	1.29B	1.33B	1.37B
Normalized Net Operating Profit after Tax (NOPAT)	4,728	4,347	3,667	3,549	407	3,280	3,093	2,696	2,376	2,307	2,250
Normalized NOPAT Margin	8.39%	8.02%	7.34%	7.31%	1.27%	7.86%	7.94%	7.52%	7.16%	7.45%	7.74%
Pre Tax Income Margin	11.50%	11.01%	9.28%	9.06%	0.28%	10.56%	10.71%	10.75%	11.22%	11.82%	12.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	810.00	13.32	1.18	440.48	472.02	123.09	40.06	79.84	63.70
NOPAT to Interest Expense	0.00	0.00	611.17	9.94	1.19	327.11	346.08	83.24	24.73	49.71	39.75
EBIT Less CapEx to Interest Expense	0.00	0.00	567.17	10.39	0.03	318.48	345.03	89.61	29.31	60.68	47.60
NOPAT Less CapEx to Interest Expense	0.00	0.00	368.34	7.02	0.04	205.12	219.09	49.76	13.98	30.54	23.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.88%	33.17%	38.28%	38.14%	308.89%	32.75%	30.15%	29.30%	28.33%	23.90%	21.03%
Augmented Payout Ratio	85.55%	88.69%	102.74%	104.42%	533.33%	80.18%	108.82%	92.36%	102.30%	104.17%	95.55%

This table displays calculated financial ratios and metrics derived from TJX Companies' official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.37%	6.02%	5.57%	5.91%	13.02%	9.02%	7.73%	3.31%	4.80%	-2.91%	-1.94%
EBITDA Growth	5.63%	9.26%	10.70%	14.33%	31.93%	13.77%	15.89%	7.18%	4.22%	-2.52%	-14.63%
EBIT Growth	3.24%	9.37%	10.32%	14.43%	35.94%	13.99%	17.50%	7.53%	4.11%	-2.98%	-17.22%
NOPAT Growth	0.37%	9.02%	10.81%	19.43%	33.50%	9.23%	17.41%	15.12%	6.70%	2.30%	-17.15%
Net Income Growth	-0.36%	8.90%	11.12%	20.09%	35.16%	12.04%	22.10%	51.79%	10.38%	3.91%	3.10%
EPS Growth	0.82%	10.68%	12.94%	22.37%	38.64%	13.19%	23.19%	55.10%	12.82%	8.33%	7.81%
Operating Cash Flow Growth	-3.43%	-10.67%	21.48%	-1.07%	-7.44%	11.21%	109.53%	217.51%	172.51%	5.29%	-53.61%
Free Cash Flow Firm Growth	-99.34%	-75.33%	-53.54%	-36.74%	1,200.81%	189.02%	172.20%	163.18%	87.00%	-101.80%	-168.18%
Invested Capital Growth	29.80%	16.95%	9.70%	11.54%	7.49%	-4.49%	-5.82%	2.17%	35.61%	88.16%	96.85%
Revenue Q/Q Growth	16.26%	4.42%	7.93%	-23.96%	23.72%	3.97%	8.27%	-18.85%	19.34%	2.74%	3.83%
EBITDA Q/Q Growth	10.06%	16.12%	5.17%	-21.41%	13.83%	17.65%	8.62%	-9.31%	-1.84%	19.85%	0.46%
EBIT Q/Q Growth	9.10%	19.06%	6.12%	-25.10%	15.57%	20.09%	10.08%	-11.02%	-3.09%	23.79%	0.73%
NOPAT Q/Q Growth	8.07%	18.82%	3.20%	-24.26%	17.38%	20.78%	11.23%	-15.34%	-3.96%	29.82%	9.05%
Net Income Q/Q Growth	7.79%	18.02%	2.71%	-23.73%	17.80%	20.42%	11.00%	-14.16%	-2.35%	31.23%	37.99%
EPS Q/Q Growth	7.89%	18.75%	3.23%	-23.77%	18.45%	21.18%	11.84%	-13.64%	-3.30%	31.88%	40.82%
Operating Cash Flow Q/Q Growth	158.51%	-35.79%	121.03%	-73.68%	139.11%	-12.68%	80.00%	-75.37%	187.27%	64.53%	200.95%
Free Cash Flow Firm Q/Q Growth	-98.02%	-40.62%	21.77%	-53.78%	-26.19%	11.83%	65.81%	904.29%	94.03%	9.29%	-45.10%
Invested Capital Q/Q Growth	-6.27%	17.12%	1.70%	16.26%	-15.54%	9.86%	3.41%	12.03%	-24.96%	8.33%	12.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.45%	31.58%	30.35%	29.97%	29.75%	31.10%	30.16%	28.93%	26.10%	29.12%	27.63%
EBITDA Margin	13.19%	13.93%	12.53%	12.85%	12.44%	13.52%	11.95%	11.91%	10.65%	12.95%	11.10%
Operating Margin	11.30%	12.04%	10.56%	10.74%	10.90%	11.67%	10.10%	9.94%	9.06%	11.16%	9.26%
EBIT Margin	11.30%	12.04%	10.56%	10.74%	10.90%	11.67%	10.10%	9.94%	9.06%	11.16%	9.26%
Profit (Net Income) Margin	8.55%	9.22%	8.16%	8.57%	8.55%	8.98%	7.75%	7.56%	7.15%	8.74%	6.84%
Tax Burden Percent	74.01%	74.71%	74.86%	76.98%	76.13%	74.95%	74.53%	73.76%	77.52%	78.22%	74.59%
Interest Burden Percent	102.27%	102.54%	103.23%	103.73%	103.02%	102.65%	102.95%	103.16%	101.75%	100.07%	99.00%
Effective Tax Rate	25.99%	25.29%	25.14%	23.02%	23.87%	25.05%	25.47%	26.24%	22.48%	21.78%	25.41%
Return on Invested Capital (ROIC)	89.85%	86.57%	85.25%	90.21%	102.14%	82.75%	76.07%	78.36%	95.12%	99.28%	87.08%
ROIC Less NNEP Spread (ROIC-NNEP)	88.66%	84.61%	83.56%	88.22%	100.45%	78.47%	73.03%	76.26%	94.41%	99.24%	87.49%
Return on Net Nonoperating Assets (RNNOA)	-29.41%	-18.51%	-23.66%	-24.46%	-35.69%	-9.02%	-11.33%	-16.53%	-38.09%	-28.23%	-29.11%
Return on Equity (ROE)	60.44%	68.06%	61.59%	65.75%	66.45%	73.73%	64.74%	61.83%	57.03%	71.05%	57.97%
Cash Return on Invested Capital (CROIC)	64.23%	64.94%	80.30%	78.81%	91.45%	76.99%	83.01%	77.83%	69.19%	21.93%	25.49%
Operating Return on Assets (OROA)	20.71%	21.64%	19.75%	20.21%	20.35%	20.78%	18.48%	17.73%	15.93%	18.80%	16.46%
Return on Assets (ROA)	15.67%	16.58%	15.26%	16.14%	15.96%	15.99%	14.18%	13.49%	12.57%	14.72%	12.15%
Return on Common Equity (ROCE)	60.44%	68.06%	61.59%	65.75%	66.45%	73.73%	64.74%	61.83%	57.03%	71.05%	57.97%
Return on Equity Simple (ROE_SIMPLE)	0.00%	59.57%	61.21%	62.02%	0.00%	60.13%	60.25%	59.20%	0.00%	60.02%	62.26%
Net Operating Profit after Tax (NOPAT)	1,367	1,265	1,065	1,032	1,362	1,160	961	864	1,020	1,062	818
NOPAT Margin	8.36%	8.99%	7.90%	8.27%	8.30%	8.75%	7.53%	7.33%	7.03%	8.73%	6.91%
Net Nonoperating Expense Percent (NNEP)	1.19%	1.96%	1.69%	1.99%	1.69%	4.28%	3.04%	2.10%	0.71%	0.05%	-0.42%
Return On Investment Capital (ROIC_SIMPLE)	12.14%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.55%	68.42%	69.65%	70.03%	70.25%	68.90%	69.84%	71.07%	73.91%	70.88%	72.37%
SG&A Expenses to Revenue	19.16%	19.54%	19.80%	19.23%	18.85%	19.43%	20.06%	18.99%	17.03%	17.96%	18.37%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.16%	19.54%	19.80%	19.23%	18.85%	19.43%	20.06%	18.99%	17.03%	17.96%	18.37%
Earnings before Interest and Taxes (EBIT)	1,847	1,693	1,422	1,340	1,789	1,548	1,289	1,171	1,316	1,358	1,097
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,156	1,959	1,687	1,604	2,041	1,793	1,524	1,403	1,547	1,576	1,315
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.66	15.46	16.37	14.26	15.06	14.35	14.83	13.83	14.49	14.42	12.82
Price to Tangible Book Value (P/TBV)	16.85	15.64	16.58	14.44	15.26	14.55	15.05	14.04	14.71	14.66	13.06
Price to Revenue (P/Rev)	2.48	2.24	2.29	1.95	2.03	1.87	1.91	1.77	1.85	1.66	1.39
Price to Earnings (P/E)	28.75	25.95	26.75	22.99	24.58	23.86	24.62	23.37	26.35	24.02	20.59
Dividend Yield	1.17%	1.26%	1.22%	1.41%	1.34%	1.46%	1.43%	1.53%	1.44%	1.58%	1.82%
Earnings Yield	3.48%	3.85%	3.74%	4.35%	4.07%	4.19%	4.06%	4.28%	3.79%	4.16%	4.86%
Enterprise Value to Invested Capital (EV/IC)	23.19	19.70	23.17	19.75	23.49	17.88	19.58	18.32	21.21	14.43	13.22
Enterprise Value to Revenue (EV/Rev)	2.44	2.21	2.25	1.91	1.98	1.85	1.88	1.73	1.80	1.66	1.39
Enterprise Value to EBITDA (EV/EBITDA)	18.55	17.08	17.55	15.05	15.86	15.41	15.92	14.92	15.67	14.37	12.06
Enterprise Value to EBIT (EV/EBIT)	21.80	19.94	20.50	17.56	18.50	18.14	18.76	17.64	18.53	16.98	14.23
Enterprise Value to NOPAT (EV/NOPAT)	29.06	26.36	27.07	23.21	24.67	24.12	24.66	23.16	24.56	22.68	19.31
Enterprise Value to Operating Cash Flow (EV/OCF)	22.46	20.04	19.73	17.32	17.70	15.38	15.63	15.96	22.05	37.65	32.62
Enterprise Value to Free Cash Flow (EV/FCFF)	40.79	32.71	30.19	26.42	26.61	22.68	22.88	23.80	35.29	85.97	68.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.35	0.37	0.38	0.39	0.42	0.43	0.52	0.53	0.59	0.62
Long-Term Debt to Equity	0.34	0.35	0.37	0.38	0.39	0.42	0.43	0.45	0.45	0.50	0.53
Financial Leverage	-0.33	-0.22	-0.28	-0.28	-0.36	-0.11	-0.16	-0.22	-0.40	-0.28	-0.33
Leverage Ratio	3.92	4.18	4.13	4.19	4.25	4.70	4.67	4.69	4.59	4.83	4.73
Compound Leverage Factor	4.01	4.29	4.27	4.35	4.38	4.83	4.80	4.84	4.67	4.83	4.69
Debt to Total Capital	25.46%	25.96%	26.90%	27.62%	28.16%	29.51%	30.21%	34.35%	34.55%	37.22%	38.35%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.11%	5.14%	5.54%	5.71%
Long-Term Debt to Total Capital	25.46%	25.96%	26.90%	27.62%	28.16%	29.51%	30.21%	29.24%	29.40%	31.67%	32.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.54%	74.04%	73.10%	72.38%	71.84%	70.49%	69.79%	65.65%	65.45%	62.78%	61.65%
Debt to EBITDA	0.39	0.39	0.40	0.41	0.42	0.46	0.47	0.58	0.58	0.59	0.59
Net Debt to EBITDA	-0.33	-0.25	-0.33	-0.32	-0.41	-0.23	-0.28	-0.29	-0.37	0.00	-0.03
Long-Term Debt to EBITDA	0.39	0.39	0.40	0.41	0.42	0.46	0.47	0.49	0.50	0.50	0.50
Debt to NOPAT	0.61	0.61	0.62	0.63	0.66	0.71	0.73	0.89	0.92	0.93	0.94
Net Debt to NOPAT	-0.52	-0.39	-0.52	-0.49	-0.63	-0.36	-0.43	-0.44	-0.58	0.00	-0.05
Long-Term Debt to NOPAT	0.61	0.61	0.62	0.63	0.66	0.71	0.73	0.76	0.78	0.79	0.80
Altman Z-Score	5.98	5.45	5.75	5.31	5.37	4.77	4.93	4.66	4.81	4.38	4.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.19	1.21	1.23	1.21	1.19	1.20	1.20	1.21	1.16	1.17
Quick Ratio	0.53	0.44	0.54	0.55	0.59	0.42	0.49	0.53	0.59	0.35	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.92	349	588	483	1,044	1,414	1,265	763	-95	-1,589	-1,752
Operating Cash Flow to CapEx	526.07%	247.87%	289.34%	175.90%	633.48%	254.57%	292.16%	206.37%	847.34%	258.72%	168.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-159.23
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	58.18
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.80	1.87	1.88	1.87	1.78	1.83	1.78	1.76	1.68	1.78
Accounts Receivable Turnover	104.56	97.36	104.07	97.28	99.30	92.53	92.80	86.52	92.39	83.08	84.73
Inventory Turnover	6.32	4.72	5.94	6.05	6.44	4.47	5.36	5.41	6.14	4.75	5.87
Fixed Asset Turnover	8.10	8.42	8.47	8.77	8.78	8.84	8.87	8.99	9.03	9.18	9.46
Accounts Payable Turnover	9.63	7.11	8.68	9.15	9.91	7.13	8.60	8.37	8.75	6.81	8.41
Days Sales Outstanding (DSO)	3.49	3.75	3.51	3.75	3.68	3.94	3.93	4.22	3.95	4.39	4.31
Days Inventory Outstanding (DIO)	57.79	77.41	61.43	60.30	56.67	81.61	68.08	67.53	59.48	76.89	62.17
Days Payable Outstanding (DPO)	37.88	51.32	42.07	39.90	36.82	51.17	42.45	43.61	41.70	53.63	43.41
Cash Conversion Cycle (CCC)	23.40	29.84	22.87	24.15	23.53	34.38	29.56	28.13	21.73	27.65	23.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,924	6,320	5,396	5,306	4,564	5,404	4,919	4,757	4,246	5,658	5,223
Invested Capital Turnover	10.75	9.62	10.78	10.91	12.31	9.46	10.10	10.69	13.54	11.37	12.60
Increase / (Decrease) in Invested Capital	1,360	916	477	549	318	-254	-304	101	1,115	2,651	2,570
Enterprise Value (EV)	137,392	124,516	125,039	104,784	107,216	96,602	96,327	87,169	90,069	81,663	69,022
Market Capitalization	139,861	126,369	127,425	106,980	109,954	98,031	98,016	88,834	92,187	81,670	69,196
Book Value per Share	$7.47	$7.25	$6.89	$6.62	$6.41	$5.97	$5.75	$5.57	$5.51	$4.88	$4.61
Tangible Book Value per Share	$7.38	$7.16	$6.80	$6.54	$6.32	$5.89	$5.67	$5.49	$5.42	$4.80	$4.52
Total Capital	11,259	11,038	10,646	10,365	10,164	9,694	9,469	9,782	9,723	9,023	8,754
Total Debt	2,866	2,865	2,864	2,863	2,862	2,861	2,861	3,360	3,359	3,358	3,357
Total Long-Term Debt	2,866	2,865	2,864	2,863	2,862	2,861	2,861	2,860	2,859	2,858	2,857
Net Debt	-2,469	-1,853	-2,386	-2,196	-2,738	-1,429	-1,689	-1,665	-2,118	-7.00	-174
Capital Expenditures (CapEx)	514	422	563	419	442	460	459	361	357	407	379
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,352	-2,383	-2,981	-2,750	-3,387	-2,124	-2,529	-2,464	-2,826	-1,110	-1,343
Debt-free Net Working Capital (DFNWC)	1,983	2,335	2,269	2,309	2,213	2,166	2,021	2,561	2,651	2,255	2,188
Net Working Capital (NWC)	1,983	2,335	2,269	2,309	2,213	2,166	2,021	2,061	2,151	1,755	1,688
Net Nonoperating Expense (NNE)	-31	-32	-34	-38	-41	-31	-28	-27	-18	-0.78	8.20
Net Nonoperating Obligations (NNO)	-2,469	-1,853	-2,386	-2,196	-2,738	-1,429	-1,689	-1,665	-2,118	-7.00	-174
Total Depreciation and Amortization (D&A)	309	266	265	264	252	245	235	232	231	218	218
Debt-free, Cash-free Net Working Capital to Revenue	-5.95%	-4.22%	-5.36%	-5.01%	-6.25%	-4.06%	-4.94%	-4.90%	-5.66%	-2.25%	-2.71%
Debt-free Net Working Capital to Revenue	3.52%	4.14%	4.08%	4.20%	4.08%	4.14%	3.95%	5.09%	5.31%	4.58%	4.41%
Net Working Capital to Revenue	3.52%	4.14%	4.08%	4.20%	4.08%	4.14%	3.95%	4.10%	4.31%	3.56%	3.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.24	$1.15	$0.97	$0.95	$1.23	$1.04	$0.86	$0.77	$0.89	$0.92	$0.69
Adjusted Weighted Average Basic Shares Outstanding	1.13B	1.13B	1.13B	1.13B	1.15B	1.14B	1.15B	1.15B	1.17B	1.16B	1.17B
Adjusted Diluted Earnings per Share	$1.23	$1.14	$0.96	$0.93	$1.22	$1.03	$0.85	$0.76	$0.88	$0.91	$0.69
Adjusted Weighted Average Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.15B	1.16B	1.16B	1.16B	1.17B	1.18B	1.17B	1.18B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.12B	1.13B	1.13B	1.13B	1.14B	1.14B	1.15B	1.15B	1.16B	1.16B
Normalized Net Operating Profit after Tax (NOPAT)	1,367	1,265	1,065	1,032	1,362	1,160	961	864	1,020	1,062	818
Normalized NOPAT Margin	8.36%	8.99%	7.90%	8.27%	8.30%	8.75%	7.53%	7.33%	7.03%	8.73%	6.91%
Pre Tax Income Margin	11.55%	12.34%	10.90%	11.14%	11.23%	11.98%	10.40%	10.25%	9.22%	11.17%	9.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	99.73
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	74.38
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	65.27
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	39.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.88%	32.96%	32.79%	32.69%	33.17%	35.19%	35.39%	36.11%	38.28%	38.48%	38.04%
Augmented Payout Ratio	85.55%	83.45%	85.51%	86.44%	88.69%	87.32%	85.36%	92.40%	102.74%	123.25%	132.84%

Frequently Asked Questions About TJX Companies' Financials

When does TJX Companies's financial year end?

According to the most recent income statement we have on file, TJX Companies' fiscal year ends in February. Their fiscal year 2025 ended on February 1, 2025.

How has TJX Companies' net income changed over the last 10 years?

TJX Companies' net income appears to be on an upward trend, with a most recent value of $4.86 billion in 2025, rising from $2.22 billion in 2015. The previous period was $4.47 billion in 2024. Check out TJX Companies' forecast to explore projected trends and price targets.

What is TJX Companies's operating income?

TJX Companies's total operating income in 2025 was $6.30 billion, based on the following breakdown:

Total Gross Profit: $17.25 billion
Total Operating Expenses: $10.95 billion

How has TJX Companies revenue changed over the last 10 years?

Over the last 10 years, TJX Companies' total revenue changed from $29.08 billion in 2015 to $56.36 billion in 2025, a change of 93.8%.

How much debt does TJX Companies have?

TJX Companies' total liabilities were at $23.36 billion at the end of 2025, a 4.1% increase from 2024, and a 247.3% increase since 2015.

How much cash does TJX Companies have?

In the past 10 years, TJX Companies' cash and equivalents has ranged from $2.10 billion in 2016 to $10.47 billion in 2021, and is currently $5.34 billion as of their latest financial filing in 2025.

How has TJX Companies' book value per share changed over the last 10 years?

Over the last 10 years, TJX Companies' book value per share changed from 6.19 in 2015 to 7.47 in 2025, a change of 20.6%.

Related Companies

This page (NYSE:TJX) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

TJX Companies (TJX) Financials

Frequently Asked Questions About TJX Companies' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

TJX Companies (TJX) Financials

Annual Income Statements for TJX Companies

Quarterly Income Statements for TJX Companies

Annual Cash Flow Statements for TJX Companies

Quarterly Cash Flow Statements for TJX Companies

Annual Balance Sheets for TJX Companies

Quarterly Balance Sheets for TJX Companies

Annual Metrics And Ratios for TJX Companies

Quarterly Metrics And Ratios for TJX Companies

Frequently Asked Questions About TJX Companies' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools