TJXNYSERetail-Family Clothing StoresFiscal year ends February 1
TJX COMPANIES INC /DE/
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 28, 2026
$147.36+0.03 (+0.02%)
Close on Oct 19, 2026
- Market cap
- $164.60B
- P/E (TTM)
- 27.2
- Dividend yield
- 1.15%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
31.0%+7.3 pts over 5 years
Operating margin
–
Net margin
9.1%+8.8 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 | +7.1% | +6.5% | +13.4% | +6.9% | |
| Gross profit | +8.4% | +10.7% | +19.7% | – | |
| Net income | +13.0% | +16.2% | +127.6% | +9.2% | |
| EPS, diluted | +14.3% | +17.9% | +133.6% | +11.3% | |
| Free cash flow | +17.1% | +23.2% | +4.2% | +9.0% | |
| Dividend per share | +13.3% | +12.9% | +45.6% | +15.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 52.1% | 1.5% | 59.1% | |
| Return on assets | 18.9% | 0.3% | 16.3% | |
| Current ratio | 1.63 | 1.46 | 1.14 | |
| Debt to equity | 0.49 | 1.04 | 0.28 | |
| Net debt to EBITDA | -0.14× | – | – | |
| Interest coverage | 61.5× | – | – | |
| Inventory turnover | 6.4× | 5.3× | 6.1× | |
| Capex to revenue | 3.1% | 1.8% | 3.2% | |
| Diluted shares | 1.33B | 1.22B | 1.13B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tjx Companies generated $26.19B from operations and spent $27.61B on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$26.19B
Used
$27.61B
Capital expenditure$8.10B29%Dividends$7.57B27%Share buybacks$11.95B43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.1%
×Asset turnover1.79×
×Equity multiplier3.63×
=Return on equity, FY202559.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.1% | 1.79× | 3.63× | 59.1% |
| FY2024 | 8.6% | 1.83× | 3.92× | 62.0% |
| FY2023 | 8.3% | 1.87× | 4.25× | 65.5% |
| FY2022 | 7.0% | 1.76× | 4.59× | 56.6% |
| FY2021 | 6.8% | 1.64× | 5.01× | 55.5% |
| FY2020 | 0.3% | 1.17× | 4.67× | 1.5% |
| FY2019 | 7.8% | 2.17× | 3.50× | 59.5% |
| FY2018 | 7.9% | 2.75× | 2.78× | 60.0% |
| FY2017 | 7.3% | 2.66× | 2.79× | 54.0% |
| FY2016 | 6.9% | 2.72× | 2.76× | 52.1% |
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$5.49B
- Cash generatingOperating cash flow above zero$6.87B
- Return on assets improvedROA up on the prior year16.4% → 17.3%
- Earnings backed by cashOperating cash flow above net income$6.87B vs $5.49B
- Less leverageLong-term debt to assets fell9.0% → 5.2%
- Better liquidityCurrent ratio rose1.18 → 1.14
- No dilutionShare count did not rise1.14B → 1.13B
- Gross margin improvedGross margin up on the prior year30.60% → 30.96%
- More efficientAsset turnover rose1.89 → 1.90