BJs Wholesale Club Holdings Financials
BJs Wholesale Club Holdings (BJ) reported $21.5B in revenue for fiscal year 2025, up 4.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion is healthy, but rising reinvestment absorbs much of BJ’s operating cash before it becomes free cash flow.
In FY2025, operating cash flow of$1.0B exceeded net income of$578M , indicating reported earnings are converting into cash rather than relying mainly on accruals. However, capital expenditures have more than doubled since FY2021, leaving free-cash-flow margin at1.5% versus3.0% in FY2021.
Gross margin reached
Debt-to-equity fell to 0.2x from 1.2x in FY2021 as equity expanded, making the long-term capital structure less debt-dependent. Yet current assets remain below current liabilities, with a current ratio of 0.7x and inventory of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BJs Wholesale Club Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
BJs Wholesale Club Holdings has an operating margin of 3.8%, meaning the company retains $4 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is unchanged from the prior year.
BJs Wholesale Club Holdings's revenue grew a modest 4.7% year-over-year to $21.5B. This slow but positive growth earns a score of 44/100.
BJs Wholesale Club Holdings carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
BJs Wholesale Club Holdings's current ratio of 0.75 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
BJs Wholesale Club Holdings has a free cash flow margin of 1.5%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.
BJs Wholesale Club Holdings earns a strong 26.3% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 89/100. This is down from 28.9% the prior year.
BJs Wholesale Club Holdings scores 4.65, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BJs Wholesale Club Holdings passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, BJs Wholesale Club Holdings generates $1.78 in operating cash flow ($1.0B OCF vs $578.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
BJs Wholesale Club Holdings earns $25.57 in operating income for every $1 of interest expense ($816.6M vs $31.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
BJs Wholesale Club Holdings generated $21.5B in revenue in fiscal year 2025. This represents an increase of 4.7% from the prior year.
BJs Wholesale Club Holdings's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the prior year.
BJs Wholesale Club Holdings reported $578.0M in net income in fiscal year 2025. This represents an increase of 8.2% from the prior year.
BJs Wholesale Club Holdings earned $4.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.5% from the prior year.
Cash & Balance Sheet
BJs Wholesale Club Holdings generated $328.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 4.8% from the prior year.
BJs Wholesale Club Holdings held $46.2M in cash against $399.1M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
BJs Wholesale Club Holdings's gross margin was 18.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
BJs Wholesale Club Holdings's operating margin was 3.8% in fiscal year 2025, reflecting core business profitability. That is unchanged from the prior year.
BJs Wholesale Club Holdings's net profit margin was 2.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
BJs Wholesale Club Holdings's ROE was 26.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the prior year.
Capital Allocation
BJs Wholesale Club Holdings spent $286.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 30.6% from the prior year.
BJs Wholesale Club Holdings invested $702.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.4% from the prior year.
Not reported for fiscal year 2025.
BJ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.5B+4.7% | $20.5B+2.7% | $20.0B+3.4% | $19.3B+15.9% | $16.7B+8.0% | $15.4B+17.0% | $13.2B+1.4% | $13.0B+2.0% | $12.8B+3.3% | $12.4B |
| Cost of Revenue | $17.5B+4.3% | $16.7B+2.5% | $16.3B+2.8% | $15.9B+16.9% | $13.6B+9.1% | $12.5B+15.7% | $10.8B+1.1% | $10.6B+1.3% | $10.5B+2.8% | $10.2B |
| Gross Profit | $4.0B+6.2% | $3.8B+3.3% | $3.6B+6.2% | $3.4B+11.5% | $3.1B+3.3% | $3.0B+22.8% | $2.4B+2.8% | $2.4B+5.3% | $2.2B+5.3% | $2.1B |
| SG&A Expenses | $3.2B+6.4% | $3.0B+5.0% | $2.8B+5.8% | $2.7B+9.1% | $2.4B+5.1% | $2.3B+13.0% | $2.1B+0.4% | $2.1B+1.7% | $2.0B+5.7% | $1.9B |
| Operating Income | $816.6M+5.7% | $772.2M-3.5% | $800.4M+8.5% | $738.0M+19.5% | $617.3M-3.9% | $642.4M+82.4% | $352.2M+16.1% | $303.5M+37.8% | $220.3M+2.0% | $216.0M |
| Interest Expense | $31.9M-25.3% | $42.7M-26.6% | $58.2M+55.1% | $37.5M-16.8% | $45.1M-30.6% | $65.1M-32.7% | $96.7M-24.8% | $128.6M-21.2% | $163.2M+33.6% | $122.2M |
| Income Tax | $195.8M+5.0% | $186.4M-12.2% | $212.2M+20.4% | $176.3M+34.4% | $131.1M-4.2% | $136.8M+143.4% | $56.2M+375.3% | $11.8M+141.6% | -$28.4M-201.6% | $28.0M |
| Net Income | $578.0M+8.2% | $534.0M+1.9% | $524.0M+2.1% | $513.0M+20.1% | $427.0M+1.4% | $421.0M+124.9% | $187.2M+47.1% | $127.3M+153.0% | $50.3M+13.7% | $44.2M |
| EPS (Diluted) | $4.38+9.5% | $4.00+3.1% | $3.88+3.2% | $3.76+21.7% | $3.09+2.0% | $3.03+124.4% | $1.35+28.6% | $1.05+94.4% | $0.54+12.5% | $0.48 |
Not reported in any period shown, so not listed: R&D Expenses.
BJ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B+6.3% | $7.1B+5.8% | $6.7B+5.2% | $6.3B+12.0% | $5.7B+4.8% | $5.4B+2.7% | $5.3B+62.7% | $3.2B-1.1% | $3.3B | N/A |
| Current Assets | $2.0B+5.9% | $1.9B+4.7% | $1.8B+5.3% | $1.7B+12.3% | $1.5B+3.2% | $1.5B+8.1% | $1.4B+1.7% | $1.3B0.0% | $1.3B | N/A |
| Cash & Equivalents | $46.2M+63.6% | $28.3M-21.6% | $36.0M+6.3% | $33.9M-25.4% | $45.4M+4.4% | $43.5M+44.1% | $30.2M+11.3% | $27.1M-22.3% | $35.0M+9.4% | $32.0M |
| Inventory | $1.6B+3.1% | $1.5B+3.7% | $1.5B+5.5% | $1.4B+10.9% | $1.2B+3.1% | $1.2B+11.5% | $1.1B+2.8% | $1.1B+3.3% | $1.0B | N/A |
| Accounts Receivable | $252.8M-8.8% | $277.3M+18.1% | $234.8M-2.1% | $239.7M+37.8% | $174.0M+0.7% | $172.7M-16.3% | $206.4M+6.2% | $194.3M+1.9% | $190.8M | N/A |
| Goodwill | $1.0B0.0% | $1.0B0.0% | $1.0B0.0% | $1.0B+9.2% | $924.1M0.0% | $924.1M0.0% | $924.1M0.0% | $924.1M0.0% | $924.1M | N/A |
| Total Liabilities | $5.3B+1.8% | $5.2B0.0% | $5.2B-1.6% | $5.3B+5.6% | $5.0B-1.4% | $5.1B-4.4% | $5.3B+54.7% | $3.4B-20.0% | $4.3B | N/A |
| Current Liabilities | $2.7B+5.4% | $2.5B+2.7% | $2.5B-3.0% | $2.5B+27.1% | $2.0B-1.4% | $2.0B+12.8% | $1.8B+14.2% | $1.6B+7.4% | $1.5B | N/A |
| Long-Term Debt | $399.1M+0.1% | $398.8M+0.1% | $398.4M-11.0% | $447.9M-40.2% | $748.6M-11.5% | $846.2M-36.7% | $1.3B-13.5% | $1.5B-38.0% | $2.5B | N/A |
| Total Equity | $2.2B+19.0% | $1.8B+26.6% | $1.5B+39.4% | $1.0B+61.5% | $648.1M+103.0% | $319.3M+687.6% | -$54.3M+73.1% | -$202.1M+80.4% | -$1.0B-196.6% | -$347.2M |
| Retained Earnings | $1.2B-29.5% | $1.7B+45.7% | $1.2B+81.3% | $644.5M+390.8% | $131.3M+144.5% | -$295.3M+58.8% | -$716.4M+21.7% | -$915.1M+11.7% | -$1.0B | N/A |
BJ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.0B+14.3% | $900.9M+25.3% | $718.9M-8.8% | $788.2M-5.2% | $831.7M-4.2% | $868.5M+144.6% | $355.1M-16.8% | $427.1M+103.3% | $210.1M-29.4% | $297.4M |
| Capital Expenditures | $702.0M+19.4% | $588.0M+25.9% | $467.1M+17.4% | $397.8M+22.9% | $323.6M+48.2% | $218.3M+10.9% | $196.9M+34.9% | $145.9M+6.1% | $137.5M+19.8% | $114.8M |
| Free Cash Flow | $328.0M+4.8% | $312.9M+24.3% | $251.8M-35.5% | $390.4M-23.2% | $508.1M-21.9% | $650.2M+310.9% | $158.2M-43.7% | $281.2M+287.2% | $72.6M-60.2% | $182.7M |
| Investing Cash Flow | -$702.3M-19.1% | -$589.6M-29.6% | -$454.8M+39.1% | -$747.1M-145.3% | -$304.5M-58.2% | -$192.4M-9.8% | -$175.3M-20.1% | -$145.9M-6.1% | -$137.5M-19.8% | -$114.8M |
| Financing Cash Flow | -$309.7M+2.9% | -$319.1M-21.8% | -$262.0M-397.8% | -$52.6M+90.0% | -$525.2M+20.8% | -$662.8M-274.9% | -$176.8M+38.8% | -$289.0M-315.1% | -$69.6M+63.0% | -$188.1M |
| Dividends Paid | N/A | $25K0.0% | $25K0.0% | $25K0.0% | $25K0.0% | $25K0.0% | $25K0.0% | $25K-100.0% | $735.5M+2941972.0% | $25K |
| Share Buybacks | $286.8M+30.6% | $219.6M+41.5% | $155.2M-9.9% | $172.3M-11.3% | $194.3M+83.0% | $106.2M+57.8% | $67.3M+252.2% | $19.1M+870.5% | $2.0M+38.0% | $1.4M |
BJ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6%+0.3pp | 18.4%+0.1pp | 18.2%+0.5pp | 17.8%-0.7pp | 18.5%-0.8pp | 19.3%+0.9pp | 18.4%+0.3pp | 18.1%+0.6pp | 17.6%+0.3pp | 17.2% |
| Operating Margin | 3.8%0.0pp | 3.8%-0.2pp | 4.0%+0.2pp | 3.8%+0.1pp | 3.7%-0.5pp | 4.2%+1.5pp | 2.7%+0.3pp | 2.3%+0.6pp | 1.7%0.0pp | 1.8% |
| Net Margin | 2.7%+0.1pp | 2.6%0.0pp | 2.6%0.0pp | 2.7%+0.1pp | 2.6%-0.2pp | 2.7%+1.3pp | 1.4%+0.4pp | 1.0%+0.6pp | 0.4%0.0pp | 0.4% |
| Return on Equity | 26.3%-2.6pp | 28.9%-7.0pp | 35.9%-13.1pp | 49.0%-16.9pp | 65.9%-66.0pp | 131.8% | N/A | N/A | N/A | N/A |
| Return on Assets | 7.7%+0.1pp | 7.6%-0.3pp | 7.8%-0.2pp | 8.1%+0.5pp | 7.5%-0.2pp | 7.8%+4.2pp | 3.5%-0.4pp | 3.9%+2.4pp | 1.5% | N/A |
| Current Ratio | 0.750.0x | 0.740.0x | 0.73+0.1x | 0.67-0.1x | 0.760.0x | 0.720.0x | 0.76-0.1x | 0.85-0.1x | 0.91 | N/A |
| Debt-to-Equity | 0.180.0x | 0.22-0.1x | 0.27-0.2x | 0.43-0.7x | 1.16-1.5x | 2.65 | N/A | N/A | N/A | N/A |
| FCF Margin | 1.5%0.0pp | 1.5%+0.3pp | 1.3%-0.8pp | 2.0%-1.0pp | 3.0%-1.2pp | 4.2%+3.0pp | 1.2%-1.0pp | 2.2%+1.6pp | 0.6%-0.9pp | 1.5% |
Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where BJs Wholesale Club Holdings Ranks
Frequently Asked Questions
What is BJs Wholesale Club Holdings's annual revenue?
BJs Wholesale Club Holdings (BJ) reported $21.5B in total revenue for fiscal year 2025. This represents a 4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BJs Wholesale Club Holdings's revenue growing?
BJs Wholesale Club Holdings (BJ) revenue grew by 4.7% year-over-year, from $20.5B to $21.5B in fiscal year 2025.
Is BJs Wholesale Club Holdings profitable?
Yes, BJs Wholesale Club Holdings (BJ) reported a net income of $578.0M in fiscal year 2025, with a net profit margin of 2.7%.
What is BJs Wholesale Club Holdings's EBITDA?
BJs Wholesale Club Holdings (BJ) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BJs Wholesale Club Holdings have?
As of fiscal year 2025, BJs Wholesale Club Holdings (BJ) had $46.2M in cash and equivalents against $399.1M in long-term debt.
What is BJs Wholesale Club Holdings's gross margin?
BJs Wholesale Club Holdings (BJ) had a gross margin of 18.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is BJs Wholesale Club Holdings's operating margin?
BJs Wholesale Club Holdings (BJ) had an operating margin of 3.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is BJs Wholesale Club Holdings's net profit margin?
BJs Wholesale Club Holdings (BJ) had a net profit margin of 2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BJs Wholesale Club Holdings's return on equity (ROE)?
BJs Wholesale Club Holdings (BJ) has a return on equity of 26.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BJs Wholesale Club Holdings's free cash flow?
BJs Wholesale Club Holdings (BJ) generated $328.0M in free cash flow during fiscal year 2025. This represents a 4.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BJs Wholesale Club Holdings's operating cash flow?
BJs Wholesale Club Holdings (BJ) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BJs Wholesale Club Holdings's total assets?
BJs Wholesale Club Holdings (BJ) had $7.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are BJs Wholesale Club Holdings's capital expenditures?
BJs Wholesale Club Holdings (BJ) invested $702.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BJs Wholesale Club Holdings's current ratio?
BJs Wholesale Club Holdings (BJ) had a current ratio of 0.75 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is BJs Wholesale Club Holdings's debt-to-equity ratio?
BJs Wholesale Club Holdings (BJ) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BJs Wholesale Club Holdings's return on assets (ROA)?
BJs Wholesale Club Holdings (BJ) had a return on assets of 7.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BJs Wholesale Club Holdings's Altman Z-Score?
BJs Wholesale Club Holdings (BJ) has an Altman Z-Score of 4.65, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BJs Wholesale Club Holdings's Piotroski F-Score?
BJs Wholesale Club Holdings (BJ) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BJs Wholesale Club Holdings's earnings high quality?
BJs Wholesale Club Holdings (BJ) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can BJs Wholesale Club Holdings cover its interest payments?
BJs Wholesale Club Holdings (BJ) has an interest coverage ratio of 25.57x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BJs Wholesale Club Holdings?
BJs Wholesale Club Holdings (BJ) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.