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TJX Companies (TJX) Financials

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$131.64 -0.34 (-0.26%)
Closing price 08/8/2025 03:59 PM Eastern
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$131.64 0.00 (0.00%)
As of 08/8/2025 07:51 PM Eastern
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Annual Income Statements for TJX Companies

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

Quarterly Income Statements for TJX Companies

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,063 1,038 891 989 1,191 1,403 1,070 1,099 1,297 1,398 1,036
Consolidated Net Income / (Loss)		 1,063 1,038 891 989 1,191 1,403 1,070 1,099 1,297 1,398 1,036
Net Income / (Loss) Continuing Operations		 1,063 1,038 891 989 1,191 1,403 1,070 1,099 1,297 1,398 1,036
Total Pre-Tax Income 		1,359 1,339 1,208 1,327 1,589 1,843 1,390 1,468 1,736 1,889 1,346
Total Operating Income		 1,358 1,316 1,171 1,289 1,548 1,789 1,340 1,422 1,693 1,847 1,316
Total Gross Profit		 3,543 3,789 3,409 3,848 4,126 4,883 3,740 4,088 4,441 4,979 3,865
Total Revenue		 12,167 14,520 11,783 12,758 13,265 16,411 12,479 13,468 14,063 16,350 13,111
Operating Revenue		 12,167 14,520 11,783 12,758 13,265 16,411 12,479 13,468 14,063 16,350 13,111
Total Cost of Revenue		 8,624 10,731 8,374 8,910 9,139 11,528 8,739 9,380 9,622 11,371 9,246
Operating Cost of Revenue		 8,624 10,731 8,374 8,910 9,139 11,528 8,739 9,380 9,622 11,371 9,246
Total Operating Expenses		 2,185 2,473 2,238 2,559 2,578 3,094 2,400 2,666 2,748 3,132 2,549
Selling, General & Admin Expense		 2,185 2,473 2,238 2,559 2,578 3,094 2,400 2,666 2,748 3,132 2,549
Total Other Income / (Expense), net		 1.00 23 37 38 41 54 50 46 43 42 30
Interest Expense		 -1.00 -23 -37 -38 -41 -54 -50 -46 -43 -42 -30
Income Tax Expense		 296 301 317 338 398 440 320 369 439 491 310
Basic Earnings per Share		 $0.92 $0.89 $0.77 $0.86 $1.04 $1.23 $0.95 $0.97 $1.15 $1.24 $0.93
Weighted Average Basic Shares Outstanding		 1.16B 1.17B 1.15B 1.15B 1.14B 1.15B 1.13B 1.13B 1.13B 1.13B 1.12B
Diluted Earnings per Share		 $0.91 $0.88 $0.76 $0.85 $1.03 $1.22 $0.93 $0.96 $1.14 $1.23 $0.92
Weighted Average Diluted Shares Outstanding		 1.17B 1.18B 1.17B 1.16B 1.16B 1.16B 1.15B 1.14B 1.14B 1.14B 1.13B
Weighted Average Basic & Diluted Shares Outstanding		 1.16B 1.15B 1.15B 1.14B 1.14B 1.13B 1.13B 1.13B 1.12B 1.12B 1.12B
Cash Dividends to Common per Share		 $0.30 $0.30 $0.33 $0.33 $0.33 $0.33 $0.38 $0.38 $0.38 - $0.43

Annual Cash Flow Statements for TJX Companies

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

Quarterly Cash Flow Statements for TJX Companies

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Net Change in Cash & Equivalents		 -166 2,112 -452 -475 -260 1,310 -541 191 -532 617 -1,080
Net Cash From Operating Activities		 1,053 3,025 745 1,341 1,171 2,800 737 1,629 1,046 2,704 394
Net Cash From Continuing Operating Activities		 1,053 3,025 745 1,341 1,171 2,800 737 1,629 1,046 2,704 394
Net Income / (Loss) Continuing Operations		 1,063 1,038 891 989 1,191 1,403 1,070 1,099 1,297 1,398 1,036
Consolidated Net Income / (Loss)		 1,063 1,038 891 989 1,191 1,403 1,070 1,099 1,297 1,398 1,036
Depreciation Expense		 218 231 232 235 245 252 264 265 266 309 296
Non-Cash Adjustments To Reconcile Net Income		 39 43 38 53 69 61 41 45 48 59 33
Changes in Operating Assets and Liabilities, net		 -267 1,713 -416 64 -334 1,084 -638 220 -565 938 -971
Net Cash From Investing Activities		 -407 -360 -362 -457 -462 -436 -427 -563 -617 -870 -503
Net Cash From Continuing Investing Activities		 -407 -360 -362 -457 -462 -436 -427 -563 -617 -870 -503
Purchase of Property, Plant & Equipment		 -407 -357 -361 -459 -460 -442 -419 -563 -422 -514 -497
Purchase of Investments		 -5.00 -5.00 -11 -6.00 -5.00 -6.00 -16 -7.00 -6.00 -6.00 -17
Sale and/or Maturity of Investments		 5.00 2.00 10 8.00 3.00 12 8.00 7.00 3.00 9.00 11
Net Cash From Financing Activities		 -770 -591 -837 -1,377 -904 -1,097 -840 -882 -953 -1,163 -1,048
Net Cash From Continuing Financing Activities		 -770 -591 -837 -1,377 -904 -1,097 -840 -882 -953 -1,163 -1,048
Repayment of Debt		 1.00 -1.00 -30 -499 - -3.00 -41 -1.00 - -1.00 -61
Repurchase of Common Equity		 -493 -455 -492 -549 -646 -797 -509 -559 -593 -852 -613
Payment of Dividends		 -343 -341 -343 -382 -380 -379 -380 -423 -423 -422 -424
Issuance of Common Equity		 65 206 28 53 122 82 90 101 63 112 50
Effect of Exchange Rate Changes		 -42 38 2.00 18 -65 43 -11 7.00 -8.00 -54 77

Annual Balance Sheets for TJX Companies

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

Quarterly Balance Sheets for TJX Companies

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 7/30/2022 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 5/3/2025
Total Assets		 27,091 28,428 28,349 28,681 28,922 30,351 29,747 29,679 30,555 32,436 31,858
Total Current Assets		 11,835 12,989 12,456 12,595 12,338 13,806 12,664 12,409 12,890 14,352 12,595
Cash & Equivalents		 3,531 3,365 5,477 5,025 4,550 4,290 5,600 5,059 5,250 4,718 4,255
Accounts Receivable		 556 571 563 587 548 560 529 542 521 599 594
Inventories, net		 7,083 8,329 5,819 6,441 6,585 8,285 5,965 6,218 6,470 8,371 7,127
Prepaid Expenses		 553 582 478 496 507 535 511 528 536 546 575
Current Deferred & Refundable Income Taxes		 112 142 119 46 148 136 59 62 113 118 44
Plant, Property, & Equipment, net		 5,390 5,573 5,783 5,899 6,166 6,262 6,571 6,622 6,968 7,136 7,554
Total Noncurrent Assets		 9,866 9,866 10,110 10,187 10,418 10,283 10,512 10,648 10,697 10,948 11,709
Goodwill		 97 95 97 95 95 94 95 95 95 95 95
Noncurrent Deferred & Refundable Income Taxes		 172 174 158 150 149 152 172 156 147 142 141
Other Noncurrent Operating Assets		 9,597 9,597 9,855 9,942 10,174 10,037 10,245 10,397 10,455 10,711 11,473
Total Liabilities & Shareholders' Equity		 27,091 28,428 28,349 28,681 28,922 30,351 29,747 29,679 30,555 32,436 31,858
Total Liabilities		 21,694 22,763 21,985 22,259 22,314 23,518 22,445 22,177 22,773 24,263 23,355
Total Current Liabilities		 10,147 11,234 10,305 10,534 10,317 11,640 10,451 10,100 10,621 12,017 10,827
Accounts Payable		 4,085 4,993 3,794 4,304 4,438 5,425 3,862 4,072 4,503 5,617 4,414
Accrued Expenses		 3,928 4,084 4,346 3,954 4,244 4,482 4,870 4,115 4,458 4,714 4,492
Current Deferred & Payable Income Tax Liabilities		 62 83 55 167 17 51 99 298 39 44 261
Other Current Liabilities		 1,572 1,574 1,610 1,609 1,618 1,682 1,620 1,615 1,621 1,642 1,660
Total Noncurrent Liabilities		 11,547 11,529 11,680 11,725 11,997 11,878 11,994 12,077 12,152 12,246 12,528
Long-Term Debt		 2,857 2,858 2,859 2,860 2,861 2,861 2,862 2,863 2,864 2,865 2,867
Noncurrent Deferred & Payable Income Tax Liabilities		 67 74 127 133 132 133 148 156 162 172 154
Other Noncurrent Operating Liabilities		 8,623 8,597 8,694 8,732 9,004 8,884 8,984 9,058 9,126 9,209 9,507
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		 5,397 5,665 6,364 6,422 6,608 6,833 7,302 7,502 7,782 8,173 8,503
Total Preferred & Common Equity		 5,397 5,665 6,364 6,422 6,608 6,833 7,302 7,502 7,782 8,173 8,503
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		 5,397 5,665 6,364 6,422 6,608 6,833 7,302 7,502 7,782 8,173 8,503
Common Stock		 1,162 1,156 1,155 1,150 1,145 1,141 1,134 1,131 1,128 1,124 1,116
Retained Earnings		 5,003 5,338 5,815 5,864 6,014 6,345 6,700 6,921 7,186 7,596 7,851
Accumulated Other Comprehensive Income / (Loss)		 -768 -829 -606 -592 -551 -653 -532 -550 -532 -547 -464

Annual Metrics And Ratios for TJX Companies

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

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

Quarterly Metrics And Ratios for TJX Companies

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.91% 4.80% 3.31% 7.73% 9.02% 13.02% 5.91% 5.57% 6.02% -0.37% 5.06%
EBITDA Growth		 -2.52% 4.22% 7.18% 15.89% 13.77% 31.93% 14.33% 10.70% 9.26% 5.63% 0.50%
EBIT Growth		 -2.98% 4.11% 7.53% 17.50% 13.99% 35.94% 14.43% 10.32% 9.37% 3.24% -1.79%
NOPAT Growth		 2.30% 6.70% 15.12% 17.41% 9.23% 33.50% 19.43% 10.81% 9.02% 0.37% -1.80%
Net Income Growth		 3.91% 10.38% 51.79% 22.10% 12.04% 35.16% 20.09% 11.12% 8.90% -0.36% -3.18%
EPS Growth		 8.33% 12.82% 55.10% 23.19% 13.19% 38.64% 22.37% 12.94% 10.68% 0.82% -1.08%
Operating Cash Flow Growth		 5.29% 172.51% 217.51% 109.53% 11.21% -7.44% -1.07% 21.48% -10.67% -3.43% -46.54%
Free Cash Flow Firm Growth		 -101.80% 87.00% 163.18% 172.20% 189.02% 1,200.81% -36.74% -53.54% -75.33% -99.34% -264.99%
Invested Capital Growth		 88.16% 35.61% 2.17% -5.82% -4.49% 7.49% 11.54% 9.70% 16.95% 29.80% 34.09%
Revenue Q/Q Growth		 2.74% 19.34% -18.85% 8.27% 3.97% 23.72% -23.96% 7.93% 4.42% 16.26% -19.81%
EBITDA Q/Q Growth		 19.85% -1.84% -9.31% 8.62% 17.65% 13.83% -21.41% 5.17% 16.12% 10.06% -25.23%
EBIT Q/Q Growth		 23.79% -3.09% -11.02% 10.08% 20.09% 15.57% -25.10% 6.12% 19.06% 9.10% -28.75%
NOPAT Q/Q Growth		 29.82% -3.96% -15.34% 11.23% 20.78% 17.38% -24.26% 3.20% 18.82% 8.07% -25.90%
Net Income Q/Q Growth		 31.23% -2.35% -14.16% 11.00% 20.42% 17.80% -23.73% 2.71% 18.02% 7.79% -25.89%
EPS Q/Q Growth		 31.88% -3.30% -13.64% 11.84% 21.18% 18.45% -23.77% 3.23% 18.75% 7.89% -25.20%
Operating Cash Flow Q/Q Growth		 64.53% 187.27% -75.37% 80.00% -12.68% 139.11% -73.68% 121.03% -35.79% 158.51% -85.43%
Free Cash Flow Firm Q/Q Growth		 9.29% 94.03% 904.29% 65.81% 11.83% -26.19% -53.78% 21.77% -40.62% -98.02% -11,609.38%
Invested Capital Q/Q Growth		 8.33% -24.96% 12.03% 3.41% 9.86% -15.54% 16.26% 1.70% 17.12% -6.27% 20.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.12% 26.10% 28.93% 30.16% 31.10% 29.75% 29.97% 30.35% 31.58% 30.45% 29.48%
EBITDA Margin		 12.95% 10.65% 11.91% 11.95% 13.52% 12.44% 12.85% 12.53% 13.93% 13.19% 12.30%
Operating Margin		 11.16% 9.06% 9.94% 10.10% 11.67% 10.90% 10.74% 10.56% 12.04% 11.30% 10.04%
EBIT Margin		 11.16% 9.06% 9.94% 10.10% 11.67% 10.90% 10.74% 10.56% 12.04% 11.30% 10.04%
Profit (Net Income) Margin		 8.74% 7.15% 7.56% 7.75% 8.98% 8.55% 8.57% 8.16% 9.22% 8.55% 7.90%
Tax Burden Percent		 78.22% 77.52% 73.76% 74.53% 74.95% 76.13% 76.98% 74.86% 74.71% 74.01% 76.97%
Interest Burden Percent		 100.07% 101.75% 103.16% 102.95% 102.65% 103.02% 103.73% 103.23% 102.54% 102.27% 102.28%
Effective Tax Rate		 21.78% 22.48% 26.24% 25.47% 25.05% 23.87% 23.02% 25.14% 25.29% 25.99% 23.03%
Return on Invested Capital (ROIC)		 99.28% 95.12% 78.36% 76.07% 82.75% 102.14% 90.21% 85.25% 86.57% 89.85% 70.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 99.24% 94.41% 76.26% 73.03% 78.47% 100.45% 88.22% 83.56% 84.61% 88.66% 69.61%
Return on Net Nonoperating Assets (RNNOA)		 -28.23% -38.09% -16.53% -11.33% -9.02% -35.69% -24.46% -23.66% -18.51% -29.41% -15.59%
Return on Equity (ROE)		 71.05% 57.03% 61.83% 64.74% 73.73% 66.45% 65.75% 61.59% 68.06% 60.44% 55.31%
Cash Return on Invested Capital (CROIC)		 21.93% 69.19% 77.83% 83.01% 76.99% 91.45% 78.81% 80.30% 64.94% 64.23% 46.70%
Operating Return on Assets (OROA)		 18.80% 15.93% 17.73% 18.48% 20.78% 20.35% 20.21% 19.75% 21.64% 20.71% 18.59%
Return on Assets (ROA)		 14.72% 12.57% 13.49% 14.18% 15.99% 15.96% 16.14% 15.26% 16.58% 15.67% 14.64%
Return on Common Equity (ROCE)		 71.05% 57.03% 61.83% 64.74% 73.73% 66.45% 65.75% 61.59% 68.06% 60.44% 55.31%
Return on Equity Simple (ROE_SIMPLE)		 60.02% 0.00% 59.20% 60.25% 60.13% 0.00% 62.02% 61.21% 59.57% 0.00% 56.80%
Net Operating Profit after Tax (NOPAT)		 1,062 1,020 864 961 1,160 1,362 1,032 1,065 1,265 1,367 1,013
NOPAT Margin		 8.73% 7.03% 7.33% 7.53% 8.75% 8.30% 8.27% 7.90% 8.99% 8.36% 7.73%
Net Nonoperating Expense Percent (NNEP)		 0.05% 0.71% 2.10% 3.04% 4.28% 1.69% 1.99% 1.69% 1.96% 1.19% 1.29%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 12.14% 8.91%
Cost of Revenue to Revenue		 70.88% 73.91% 71.07% 69.84% 68.90% 70.25% 70.03% 69.65% 68.42% 69.55% 70.52%
SG&A Expenses to Revenue		 17.96% 17.03% 18.99% 20.06% 19.43% 18.85% 19.23% 19.80% 19.54% 19.16% 19.44%
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		 17.96% 17.03% 18.99% 20.06% 19.43% 18.85% 19.23% 19.80% 19.54% 19.16% 19.44%
Earnings before Interest and Taxes (EBIT)		 1,358 1,316 1,171 1,289 1,548 1,789 1,340 1,422 1,693 1,847 1,316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,576 1,547 1,403 1,524 1,793 2,041 1,604 1,687 1,959 2,156 1,612
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 14.42 14.49 13.83 14.83 14.35 15.06 14.26 16.37 15.46 16.66 16.92
Price to Tangible Book Value (P/TBV)		 14.66 14.71 14.04 15.05 14.55 15.26 14.44 16.58 15.64 16.85 17.11
Price to Revenue (P/Rev)		 1.66 1.85 1.77 1.91 1.87 2.03 1.95 2.29 2.24 2.48 2.52
Price to Earnings (P/E)		 24.02 26.35 23.37 24.62 23.86 24.58 22.99 26.75 25.95 28.75 29.79
Dividend Yield		 1.58% 1.44% 1.53% 1.43% 1.46% 1.34% 1.41% 1.22% 1.26% 1.17% 1.16%
Earnings Yield		 4.16% 3.79% 4.28% 4.06% 4.19% 4.07% 4.35% 3.74% 3.85% 3.48% 3.36%
Enterprise Value to Invested Capital (EV/IC)		 14.43 21.21 18.32 19.58 17.88 23.49 19.75 23.17 19.70 23.19 20.03
Enterprise Value to Revenue (EV/Rev)		 1.66 1.80 1.73 1.88 1.85 1.98 1.91 2.25 2.21 2.44 2.50
Enterprise Value to EBITDA (EV/EBITDA)		 14.37 15.67 14.92 15.92 15.41 15.86 15.05 17.55 17.08 18.55 19.22
Enterprise Value to EBIT (EV/EBIT)		 16.98 18.53 17.64 18.76 18.14 18.50 17.56 20.50 19.94 21.80 22.70
Enterprise Value to NOPAT (EV/NOPAT)		 22.68 24.56 23.16 24.66 24.12 24.67 23.21 27.07 26.36 29.06 30.26
Enterprise Value to Operating Cash Flow (EV/OCF)		 37.65 22.05 15.96 15.63 15.38 17.70 17.32 19.73 20.04 22.46 24.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 85.97 35.29 23.80 22.88 22.68 26.61 26.42 30.19 32.71 40.79 49.13
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.59 0.53 0.52 0.43 0.42 0.39 0.38 0.37 0.35 0.34 0.34
Long-Term Debt to Equity		 0.50 0.45 0.45 0.43 0.42 0.39 0.38 0.37 0.35 0.34 0.34
Financial Leverage		 -0.28 -0.40 -0.22 -0.16 -0.11 -0.36 -0.28 -0.28 -0.22 -0.33 -0.22
Leverage Ratio		 4.83 4.59 4.69 4.67 4.70 4.25 4.19 4.13 4.18 3.92 3.84
Compound Leverage Factor		 4.83 4.67 4.84 4.80 4.83 4.38 4.35 4.27 4.29 4.01 3.93
Debt to Total Capital		 37.22% 34.55% 34.35% 30.21% 29.51% 28.16% 27.62% 26.90% 25.96% 25.46% 25.22%
Short-Term Debt to Total Capital		 5.54% 5.14% 5.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 31.67% 29.40% 29.24% 30.21% 29.51% 28.16% 27.62% 26.90% 25.96% 25.46% 25.22%
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		 62.78% 65.45% 65.65% 69.79% 70.49% 71.84% 72.38% 73.10% 74.04% 74.54% 74.78%
Debt to EBITDA		 0.59 0.58 0.58 0.47 0.46 0.42 0.41 0.40 0.39 0.39 0.39
Net Debt to EBITDA		 0.00 -0.37 -0.29 -0.28 -0.23 -0.41 -0.32 -0.33 -0.25 -0.33 -0.19
Long-Term Debt to EBITDA		 0.50 0.50 0.49 0.47 0.46 0.42 0.41 0.40 0.39 0.39 0.39
Debt to NOPAT		 0.93 0.92 0.89 0.73 0.71 0.66 0.63 0.62 0.61 0.61 0.61
Net Debt to NOPAT		 0.00 -0.58 -0.44 -0.43 -0.36 -0.63 -0.49 -0.52 -0.39 -0.52 -0.29
Long-Term Debt to NOPAT		 0.79 0.78 0.76 0.73 0.71 0.66 0.63 0.62 0.61 0.61 0.61
Altman Z-Score		 4.38 4.81 4.66 4.93 4.77 5.37 5.31 5.75 5.45 5.98 6.03
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		 1.16 1.21 1.20 1.20 1.19 1.21 1.23 1.21 1.19 1.18 1.16
Quick Ratio		 0.35 0.59 0.53 0.49 0.42 0.59 0.55 0.54 0.44 0.53 0.45
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,589 -95 763 1,265 1,414 1,044 483 588 349 6.92 -796
Operating Cash Flow to CapEx		 258.72% 847.34% 206.37% 292.16% 254.57% 633.48% 175.90% 289.34% 247.87% 526.07% 79.28%
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 0.00
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 0.00
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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.68 1.76 1.78 1.83 1.78 1.87 1.88 1.87 1.80 1.83 1.85
Accounts Receivable Turnover		 83.08 92.39 86.52 92.80 92.53 99.30 97.28 104.07 97.36 104.56 100.34
Inventory Turnover		 4.75 6.14 5.41 5.36 4.47 6.44 6.05 5.94 4.72 6.32 5.94
Fixed Asset Turnover		 9.18 9.03 8.99 8.87 8.84 8.78 8.77 8.47 8.42 8.10 8.04
Accounts Payable Turnover		 6.81 8.75 8.37 8.60 7.13 9.91 9.15 8.68 7.11 9.63 9.34
Days Sales Outstanding (DSO)		 4.39 3.95 4.22 3.93 3.94 3.68 3.75 3.51 3.75 3.49 3.64
Days Inventory Outstanding (DIO)		 76.89 59.48 67.53 68.08 81.61 56.67 60.30 61.43 77.41 57.79 61.47
Days Payable Outstanding (DPO)		 53.63 41.70 43.61 42.45 51.17 36.82 39.90 42.07 51.32 37.88 39.09
Cash Conversion Cycle (CCC)		 27.65 21.73 28.13 29.56 34.38 23.53 24.15 22.87 29.84 23.40 26.02
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,658 4,246 4,757 4,919 5,404 4,564 5,306 5,396 6,320 5,924 7,115
Invested Capital Turnover		 11.37 13.54 10.69 10.10 9.46 12.31 10.91 10.78 9.62 10.75 9.18
Increase / (Decrease) in Invested Capital		 2,651 1,115 101 -304 -254 318 549 477 916 1,360 1,809
Enterprise Value (EV)		 81,663 90,069 87,169 96,327 96,602 107,216 104,784 125,039 124,516 137,392 142,485
Market Capitalization		 81,670 92,187 88,834 98,016 98,031 109,954 106,980 127,425 126,369 139,861 143,873
Book Value per Share		 $4.88 $5.51 $5.57 $5.75 $5.97 $6.41 $6.62 $6.89 $7.25 $7.47 $7.61
Tangible Book Value per Share		 $4.80 $5.42 $5.49 $5.67 $5.89 $6.32 $6.54 $6.80 $7.16 $7.38 $7.53
Total Capital		 9,023 9,723 9,782 9,469 9,694 10,164 10,365 10,646 11,038 11,259 11,370
Total Debt		 3,358 3,359 3,360 2,861 2,861 2,862 2,863 2,864 2,865 2,866 2,867
Total Long-Term Debt		 2,858 2,859 2,860 2,861 2,861 2,862 2,863 2,864 2,865 2,866 2,867
Net Debt		 -7.00 -2,118 -1,665 -1,689 -1,429 -2,738 -2,196 -2,386 -1,853 -2,469 -1,388
Capital Expenditures (CapEx)		 407 357 361 459 460 442 419 563 422 514 497
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,110 -2,826 -2,464 -2,529 -2,124 -3,387 -2,750 -2,981 -2,383 -3,352 -2,487
Debt-free Net Working Capital (DFNWC)		 2,255 2,651 2,561 2,021 2,166 2,213 2,309 2,269 2,335 1,983 1,768
Net Working Capital (NWC)		 1,755 2,151 2,061 2,021 2,166 2,213 2,309 2,269 2,335 1,983 1,768
Net Nonoperating Expense (NNE)		 -0.78 -18 -27 -28 -31 -41 -38 -34 -32 -31 -23
Net Nonoperating Obligations (NNO)		 -7.00 -2,118 -1,665 -1,689 -1,429 -2,738 -2,196 -2,386 -1,853 -2,469 -1,388
Total Depreciation and Amortization (D&A)		 218 231 232 235 245 252 264 265 266 309 296
Debt-free, Cash-free Net Working Capital to Revenue		 -2.25% -5.66% -4.90% -4.94% -4.06% -6.25% -5.01% -5.36% -4.22% -5.95% -4.36%
Debt-free Net Working Capital to Revenue		 4.58% 5.31% 5.09% 3.95% 4.14% 4.08% 4.20% 4.08% 4.14% 3.52% 3.10%
Net Working Capital to Revenue		 3.56% 4.31% 4.10% 3.95% 4.14% 4.08% 4.20% 4.08% 4.14% 3.52% 3.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.92 $0.89 $0.77 $0.86 $1.04 $1.23 $0.95 $0.97 $1.15 $1.24 $0.93
Adjusted Weighted Average Basic Shares Outstanding		 1.16B 1.17B 1.15B 1.15B 1.14B 1.15B 1.13B 1.13B 1.13B 1.13B 1.12B
Adjusted Diluted Earnings per Share		 $0.91 $0.88 $0.76 $0.85 $1.03 $1.22 $0.93 $0.96 $1.14 $1.23 $0.92
Adjusted Weighted Average Diluted Shares Outstanding		 1.17B 1.18B 1.17B 1.16B 1.16B 1.16B 1.15B 1.14B 1.14B 1.14B 1.13B
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		 1.16B 1.15B 1.15B 1.14B 1.14B 1.13B 1.13B 1.13B 1.12B 1.12B 1.12B
Normalized Net Operating Profit after Tax (NOPAT)		 1,062 1,020 864 961 1,160 1,362 1,032 1,065 1,265 1,367 1,013
Normalized NOPAT Margin		 8.73% 7.03% 7.33% 7.53% 8.75% 8.30% 8.27% 7.90% 8.99% 8.36% 7.73%
Pre Tax Income Margin		 11.17% 9.22% 10.25% 10.40% 11.98% 11.23% 11.14% 10.90% 12.34% 11.55% 10.27%
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 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 0.00
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 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 38.48% 38.28% 36.11% 35.39% 35.19% 33.17% 32.69% 32.79% 32.96% 33.88% 35.03%
Augmented Payout Ratio		 123.25% 102.74% 92.40% 85.36% 87.32% 88.69% 86.44% 85.51% 83.45% 85.55% 89.21%

Key Financial Trends

TJX Companies (NYSE:TJX) has demonstrated solid and consistent financial performance over the last several years through Q1 2026, supported by growing revenues, robust profitability, and healthy cash flows. Below are key observations from the analysis of income statements, cash flow statements, and balance sheets spanning from Q3 2022 to Q1 2026.

  • Revenue Growth: TJX's total revenue exhibited steady growth, rising from approximately $11.4 billion in Q1 2023 to $13.1 billion in Q1 2026, indicating strengthening sales momentum over the last three years.
  • Consistent Profitability: Net income continued to increase from $587 million in Q1 2023 to $1.036 billion in Q1 2026, reflecting improving operational efficiency and strong bottom-line growth.
  • Stable Operating Margins: Gross profit margins remain robust, with gross profits around $3.4 billion in Q1 2023 growing to $3.9 billion in Q1 2026, while operating expenses have been managed well relative to revenue.
  • Increasing Operating Cash Flow: Net cash from operating activities improved significantly from negative $634 million in Q1 2023 to a positive $394 million in Q1 2026, signaling growing cash-generating capability.
  • Strong Capital Investment: Continued investment in property, plant, and equipment (~$357-$563 million quarterly range) supports future growth and expansion in stores and distribution.
  • Healthy Dividend Payouts: TJX has steadily increased dividends per share from $0.295 in Q1 2023 to $0.425 in Q1 2026, offering shareholder value and confidence in sustainable cash flow.
  • Share Repurchases: The company has consistently repurchased common equity (over $450 million to $613 million per quarter), potentially enhancing shareholder returns and EPS.
  • Debt Levels Stable: Long-term debt remains relatively steady around $2.8 billion to $3.3 billion, and current liabilities have been managed without significant increase, maintaining a strong balance sheet.
  • Cash Reserves: Cash & equivalents fluctuate but remain strong, ending at $4.255 billion in Q1 2026, offering liquidity for operations and strategic initiatives.
  • Inventory Management: Inventories have increased from approximately $6.99 billion in Q1 2023 to $7.13 billion in Q1 2026 with some quarterly fluctuations, indicating possible inventory buildup risking higher carrying costs.

Summary: TJX has shown resilient financial health highlighted by revenue and profit growth, strong cash flows, and shareholder-friendly capital allocation through dividends and buybacks. The stable debt profile combined with solid liquidity enhances its flexibility to pursue growth opportunities. Investors should monitor inventory trends and operating capital changes which have shown variability, potentially impacting working capital efficiency.

08/09/25 02:25 PMAI Generated. May Contain Errors.

Frequently Asked Questions About TJX Companies' Financials

When does TJX Companies' fiscal year end?

According to the most recent income statement we have on file, TJX Companies' financial year ends in February. Their financial 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. View TJX Companies' forecast to see where analysts expect TJX Companies to go next.

What is TJX Companies' operating income?
TJX Companies' 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%.


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This page (NYSE:TJX) was last updated on 8/9/2025 by MarketBeat.com Staff
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