TJX Companies (TJX) Financials

$130.63 +2.48 (+1.94%)

As of 03:59 PM Eastern

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
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

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

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
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	-	-	-	-	-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

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

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
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

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

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
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%

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

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

Frequently Asked Questions About TJX Companies' Financials

When does TJX Companies's 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.

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%.

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This page (NYSE:TJX) was last updated on 4/14/2025 by MarketBeat.com Staff

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TJX Companies (TJX) Financials

Frequently Asked Questions About TJX Companies' Financials

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TJX Companies (TJX) Financials

Annual Income Statements for TJX Companies

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