TJXTJX Companies
The TJX Companies, Inc. (together with its subsidiaries, “TJX,” the “Company,” “we,” or “our”) is the leading off-price apparel and home fashions retailer in the United States and worldwide. 10-K, Item 1
- Employees
- 377,000
- Headquarters
- Framingham, MA
- CEO
- Ernie Herrman
- Next results
- around Nov 18, 2026
All key numbers (38) From EDGAR
| EPS (ttm) | 5.40 | Sales (ttm) | 62.4B | Net income (ttm) | 6.1B | Sales growth | +7.1% | EPS growth | +14.3% | Sales Q/Q | +5.4% |
| Free cash flow | 5.9B | Gross margin | 32.0% | Oper. margin | - | Net margin | 9.7% | FCF margin | 9.4% | ROE | 57.0% |
| ROA | 16.3% | R&D / sales | - | Dividend | 1.70 | Debt/Eq | 0.27 | Curr. ratio | 1.15 | Cash | 6.0B |
| Op. cash flow (ttm) | 8.0B | Net debt | -3.1B | Quick ratio | 0.60 | Payout ratio | 34.9% | Tax rate | 24.7% | Stock pay / sales | 0.4% |
| Shares out. | 1.1B | Shares Y/Y | -1.2% | Book / share | 9.68 | Cash / share | 5.46 | Sales / share | 56.69 | Asset turnover | 1.68 |
| Inventory turns | 5.71 | Days sales out. | 4 | Sales 3Y CAGR | +6.5% | Sales 5Y CAGR | +13.4% | EPS 3Y CAGR | +17.9% | EPS 5Y CAGR | +134% |
| Employees | 377,000 | Sales / employee | 165K |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
TJX against Consumer discretionary peers
Ten years, side by side → · All 47 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 47 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| TJX TJX Companies | $62.4B | +7.1% | 32.0% | 9.7% | 57.0% | 9.4% | 0.27 |
| LOW Lowe's | $90.4B | +3.1% | 33.1% | 7.3% | - | 7.7% | - |
| NKE Nike, Inc. | $45.9B | +0.2% | 43.1% | 6.7% | 20.3% | 4.6% | 0.52 |
| BBY Best Buy | $42.2B | +0.4% | 22.7% | 3.0% | 40.0% | 4.2% | 0.37 |
| SBUX Starbucks | $38.3B | +2.8% | - | 5.2% | - | 9.5% | - |
| DHI D. R. Horton | $33.4B | -6.9% | 22.6% | 9.2% | 12.8% | 9.6% | - |
From $48.5B of sales to $3.3B of profit
FY2022, from the 10-K income statementSwipe sideways for the whole flow →
From $49.9B of sales to $3.5B of profit
FY2023, from the 10-K income statement and revenue by segmentSwipe sideways for the whole flow →
From $54.2B of sales to $4.5B of profit
FY2024, from the 10-K income statement and revenue by segmentSwipe sideways for the whole flow →
From $56.4B of sales to $4.9B of profit
FY2025, from the 10-K income statement and revenue by segmentSwipe sideways for the whole flow →
From $60.4B of sales to $5.5B of profit
FY2026, from the 10-K income statement and revenue by segmentSwipe sideways for the whole flow →
Where each $100 of sales went
- Cost of revenue
- Costs, tax, other
- Net profit
Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →
Profitability
2 of 3- !Net margin below the peer median9.7% vs 10.8%
- ✓Return on equity above 15%57.0%
- ✓A profit in every one of 10 years
Balance sheet
3 of 3- ✓Debt smaller than equityDebt / equity 0.27 on the latest balance sheet (peer median 0.73)
- ✓Current assets cover current liabilitiesCurrent ratio 1.15
- ✓More cash than debtNet cash $3.1B
Cash and shareholders
4 of 4- ✓Free cash flow positive in every one of 10 years$4.9B last year
- ✓Share count down over 5 years−7.2%
- ✓Dividend per share up over 5 years$0.26 → $1.70
- ✓Cash from operations above net income$6.9B vs $5.5B
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
What the debt is made of, and when it is due
balance sheet of Aug 1, 2026 · schedule of Jan 31, 2026The debt note's own lines, 2026-01-31
| Line, as the company names it | Kind | Rate | Fixed or floating | Amount |
|---|---|---|---|---|
| 2.250% Senior Unsecured Notes Due September 15, 2026 | Secured | – | not stated | $1.0B |
| 2.250% Senior Unsecured Notes Due September 15, 2026 (Senior Notes) | Secured | 2.25–2.32% | not stated | $999.0M |
| 1.150% Senior Unsecured Notes Due May 15, 2028 (Senior Notes) | Secured | 1.15–1.18% | not stated | $500.0M |
| 1.600% Senior Unsecured Notes Due May 15, 2031 (Senior Notes) | Secured | 1.60–1.61% | not stated | $500.0M |
| 3.875% Senior Unsecured Notes Due April 15, 2030 (Senior Notes) | Secured | 3.88–3.89% | not stated | $496.0M |
| 4.500% Senior Unsecured Notes Due April 15, 2050 (Senior Notes) | Secured | 4.50–4.52% | not stated | $383.0M |
From the debt note in the 10-K's XBRL (0000109198-26-000008), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.
Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →
Revenue and net income, FY2016 to FY2026
Revenue 60.4B Net income 5.5BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
TJX's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by business segment
year to Jan 31, 2026| Revenue | Share | vs year before | |
|---|---|---|---|
| Marmaxx | 36.6B | 60.6% | +5.7% |
| Home Goods | 10.2B | 16.8% | +8.4% |
| TJX International | 8.0B | 13.2% | +11.2% |
| Tjx Canada | 5.6B | 9.3% | +8.5% |
10-K 0000109198-26-000008, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2018 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33.2B | 35.9B | 39.0B | 41.7B | 32.1B | 48.5B | 49.9B | 54.2B | 56.4B | 60.4B |
| Cost of revenue | 23.6B | 25.5B | 27.8B | 29.8B | 24.5B | 34.7B | 36.1B | 38.0B | 39.1B | 41.7B |
| SG&A | 5.8B | 6.4B | 6.9B | 7.5B | 7.0B | 9.1B | 8.9B | 10.5B | 10.9B | 11.5B |
| Operating income | 4.3B | 4.4B | 4.8B | - | - | - | - | - | - | - |
| Interest expense | 69.2M | 69.2M | 69.1M | 61.4M | 199.0M | 123.0M | 91.0M | 82.0M | 78.0M | 79.0M |
| Pretax income | 3.7B | 3.9B | 4.2B | 4.4B | 89.0M | 4.4B | 4.6B | 6.0B | 6.5B | 7.3B |
| Income tax | 1.4B | 1.2B | 1.1B | 1.1B | -1.0M | 1.1B | 1.1B | 1.5B | 1.6B | 1.8B |
| Net income | 2.3B | 2.6B | 3.1B | 3.3B | 90.0M | 3.3B | 3.5B | 4.5B | 4.9B | 5.5B |
| EPS (diluted) | 1.73 | 2.02 | 2.43 | 2.67 | 0.07 | 2.70 | 2.97 | 3.86 | 4.26 | 4.87 |
| Diluted shares | 1.3B | 1.3B | 1.3B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B |
| Depreciation & amortization | 658.8M | 726.0M | 819.7M | 867.3M | 871.0M | 868.0M | 887.0M | 964.0M | 1.1B | 1.2B |
| EBITDA | 4.9B | 5.1B | 5.6B | - | - | - | - | - | - | - |
| Operating margin | 12.8% | 12.3% | 12.2% | - | - | - | - | - | - | - |
| Net margin | 6.9% | 7.3% | 7.9% | 7.8% | 0.3% | 6.8% | 7.0% | 8.3% | 8.6% | 9.1% |
| Revenue growth | - | +8.1% | +8.7% | +7.0% | -23.0% | +51.1% | +2.9% | +8.6% | +4.0% | +7.1% |
| EPS growth | - | +16.8% | +20.3% | +9.9% | -97.4% | +3757% | +10.0% | +30.0% | +10.4% | +14.3% |
Balance sheet
From EDGAR| FY2016 | FY2018 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 2.9B | 2.8B | 3.0B | 3.2B | 10.5B | 6.2B | 5.5B | 5.6B | 5.3B | 6.2B |
| Short-term investments | 543.2M | 506.2M | 0 | - | - | - | - | - | - | - |
| Receivables | 258.8M | 327.2M | 346.3M | 386.3M | 461.1M | 518.0M | 563.0M | 529.0M | 549.0M | 602.0M |
| Inventory | 3.6B | 4.2B | 4.6B | 4.9B | 4.3B | 6.0B | 5.8B | 6.0B | 6.4B | 7.3B |
| Current assets | 7.8B | 8.5B | 8.5B | 8.9B | 15.7B | 13.3B | 12.5B | 12.7B | 13.0B | 15.2B |
| Property & equipment | 4.5B | 5.0B | 5.3B | 5.3B | 5.0B | 5.3B | 5.8B | 6.6B | 7.3B | 8.2B |
| Goodwill | 195.9M | 100.1M | 97.6M | 95.5M | 99.0M | 97.0M | 97.0M | 95.0M | 94.0M | 96.0M |
| Total assets | 12.9B | 14.1B | 14.3B | 24.1B | 30.8B | 28.5B | 28.3B | 29.7B | 31.7B | 35.8B |
| Accounts payable | 2.2B | 2.5B | 2.6B | 2.7B | 4.8B | 4.5B | 3.8B | 3.9B | 4.3B | 4.6B |
| Current liabilities | 4.8B | 5.1B | 5.5B | 7.2B | 10.8B | 10.5B | 10.3B | 10.5B | 11.0B | 13.4B |
| Total debt | 2.2B | 2.2B | 2.2B | 2.2B | 6.1B | 3.4B | 3.4B | 2.9B | 2.9B | 2.9B |
| Shareholders' equity | 4.5B | 5.1B | 5.0B | 5.9B | 5.8B | 6.0B | 6.4B | 7.3B | 8.4B | 10.2B |
| Retained earnings | 4.6B | 4.3B | 4.5B | 5.4B | 5.0B | 5.5B | 5.8B | 6.7B | 7.9B | 9.4B |
Cash flow
From EDGAR| FY2016 | FY2018 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.6B | 3.0B | 4.1B | 4.1B | 4.6B | 3.1B | 4.1B | 6.1B | 6.1B | 6.9B |
| Capital spending | 1.0B | 1.1B | 1.1B | 1.2B | 568.0M | 1.0B | 1.5B | 1.7B | 1.9B | 2.0B |
| Free cash flow | 2.6B | 2.0B | 3.0B | 2.8B | 4.0B | 2.0B | 2.6B | 4.3B | 4.2B | 4.9B |
| Stock-based pay (added back) | 102.3M | 101.4M | 103.6M | 125.0M | 59.0M | 189.0M | 122.0M | 160.0M | 183.0M | 214.0M |
| Dividends paid | 651.0M | 764.0M | 922.6M | 1.1B | 278.0M | 1.3B | 1.3B | 1.5B | 1.6B | 1.8B |
| Buybacks | 1.7B | 1.6B | 2.4B | 1.6B | 202.0M | 2.2B | 2.3B | 2.5B | 2.5B | 2.5B |
| Acquisitions | 2.3M | - | - | - | - | - | - | - | - | - |
| Debt raised | 992.5M | 0 | 0 | 0 | 6.0B | 0 | 0 | - | - | - |
| Debt repaid | - | - | - | - | - | 3.0B | 0 | 500.0M | 0 | 0 |
| Investing cash flow | -1.2B | -1.0B | -623.6M | -1.5B | -579.0M | -1.0B | -1.5B | -1.7B | -2.5B | -2.0B |
| Financing cash flow | -1.6B | -2.3B | -3.1B | -2.4B | 3.2B | -6.2B | -3.3B | -4.2B | -3.8B | -4.1B |
| Dividend per share | 0.52 | 0.63 | 0.78 | 0.92 | 0.26 | 1.04 | 1.18 | 1.33 | 1.50 | 1.70 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2018 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 102.3M | 101.4M | 103.6M | 125.0M | 59.0M | 189.0M | 122.0M | 160.0M | 183.0M | 214.0M |
| Stock-based pay / revenue | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.4% | 0.2% | 0.3% | 0.3% | 0.4% |
| Operating lease cost | - | - | - | 1.8B | 1.8B | 1.9B | 1.9B | 2.0B | 2.1B | 2.2B |
| Operating lease cash paid | - | - | - | 1.7B | 1.7B | 2.1B | 1.9B | 2.0B | 2.1B | 2.2B |
| Right-of-use assets | - | - | 8.7B | 9.1B | 9.0B | 8.9B | 9.1B | 9.4B | 9.6B | 10.3B |
| Operating lease liabilities | - | - | 8.8B | 9.2B | 9.4B | 9.2B | 9.4B | 9.7B | 9.9B | 10.6B |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
Work on TJX in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
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