BJNYSERetail-Variety StoresFiscal year ends January 30
BJ's Wholesale Club Holdings, Inc.
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 25, 2026
$102.61−0.34 (-0.33%)
Close on Oct 19, 2026
- Market cap
- $13.11B
- P/E (TTM)
- 22.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
18.6%−0.7 pts over 5 years
Operating margin
3.8%−0.4 pts over 5 years
Net margin
2.7%−0.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.7% | +3.6% | +6.8% | – | |
| Gross profit | +6.2% | +5.2% | +6.1% | – | |
| Operating income | +5.7% | +3.4% | +4.9% | – | |
| Net income | +8.2% | +4.1% | +6.6% | – | |
| EPS, diluted | +9.5% | +5.2% | +7.6% | – | |
| Free cash flow | +4.8% | -5.6% | -12.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -11.8% | 317.8% | 28.6% | |
| Return on assets | – | 7.9% | 7.9% | |
| Current ratio | – | 0.72 | 0.75 | |
| Debt to equity | – | 3.46 | 0.24 | |
| Net debt to EBITDA | – | 1.31× | 0.43× | |
| Interest coverage | 1.8× | 9.9× | 25.6× | |
| Inventory turnover | – | 10.9× | 11.4× | |
| Capex to revenue | 0.9% | 1.4% | 3.3% | |
| Diluted shares | 91M | 139M | 132M |
Where the cash went
Fiscal 2021 to 2025, five years combined
BJ's Wholesale Club generated $4.27B from operations and spent $3.51B on capital expenditure, dividends and share buybacks. 71% of that went back into the business.
Generated
$4.27B
Used
$3.51B
Capital expenditure$2.48B71%Dividends$100.00K0%Share buybacks$1.03B29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.7%
×Asset turnover2.94×
×Equity multiplier3.60×
=Return on equity, FY202528.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.7% | 2.94× | 3.60× | 28.6% |
| FY2024 | 2.6% | 2.98× | 4.16× | 32.3% |
| FY2023 | 2.6% | 3.07× | 5.20× | 41.8% |
| FY2022 | 2.7% | 3.21× | 7.09× | 60.6% |
| FY2021 | 2.6% | 3.01× | 11.45× | 88.2% |
| FY2020 | 2.7% | 2.89× | 40.31× | 317.8% |
| FY2019 | 1.4% | 3.10× | -33.18× | -146.0% |
| FY2018 | 1.0% | 3.99× | -5.29× | -20.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$578.38M
- Cash generatingOperating cash flow above zero$1.03B
- Return on assets improvedROA up on the prior year8.0% → 8.2%
- Earnings backed by cashOperating cash flow above net income$1.03B vs $578.38M
- Less leverageLong-term debt to assets fell5.6% → 5.3%
- Better liquidityCurrent ratio rose0.74 → 0.75
- No dilutionShare count did not rise134M → 132M
- Gross margin improvedGross margin up on the prior year18.36% → 18.64%
- More efficientAsset turnover rose3.07 → 3.04