Tjx Companies Inc Financials

TJX

Source SEC Filings (10-K/10-Q) Updated Nov 1, 2025 Currency USD FYE February

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Tjx Companies Inc's revenue grew a modest 4.0% year-over-year to $56.4B. This slow but positive growth earns a score of 40/100.

Leverage

Tjx Companies Inc carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Tjx Companies Inc's current ratio of 1.16 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.

Cash Flow

Tjx Companies Inc has a free cash flow margin of 7.4%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Tjx Companies Inc earns a strong 57.2% return on equity (ROE), meaning it generates $57 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 59.6% the prior year.

Piotroski F-Score Strong

7/9

Tjx Companies Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.26x

For every $1 of reported earnings, Tjx Companies Inc generates $1.26 in operating cash flow ($6.1B OCF vs $4.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Tjx Companies Inc (TJX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

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Key Financial Metrics

Revenue

$56.4B

YoY+4.0%

5Y CAGR+6.2%

10Y CAGR+6.8%

Tjx Companies Inc generated $56.4B in revenue in fiscal year 2025. This represents an increase of 4.0% from the prior year.

EBITDA

N/A

Free Cash Flow

$4.2B

YoY-3.2%

5Y CAGR+8.1%

10Y CAGR+7.2%

Tjx Companies Inc generated $4.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.2% from the prior year.

Net Income

$4.9B

YoY+8.7%

5Y CAGR+8.3%

10Y CAGR+8.2%

Tjx Companies Inc reported $4.9B in net income in fiscal year 2025. This represents an increase of 8.7% from the prior year.

EPS (Diluted)

$4.26

YoY+10.4%

5Y CAGR+9.8%

10Y CAGR+3.1%

Tjx Companies Inc earned $4.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.4% from the prior year.

Cash & Debt

$4.3B

YoY-15.9%

5Y CAGR-0.2%

10Y CAGR+6.5%

Tjx Companies Inc held $4.3B in cash against $2.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.50

YoY+12.8%

5Y CAGR+10.3%

10Y CAGR+7.9%

Tjx Companies Inc paid $1.50 per share in dividends in fiscal year 2025. This represents an increase of 12.8% from the prior year.

Shares Outstanding

1.12B

YoY-1.4%

5Y CAGR-1.4%

10Y CAGR+5.0%

Tjx Companies Inc had 1.12B shares outstanding in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

Gross Margin

30.6%

YoY+0.6pp

5Y CAGR+2.1pp

Tjx Companies Inc's gross margin was 30.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

N/A

Net Margin

8.6%

YoY+0.4pp

5Y CAGR+0.8pp

10Y CAGR+1.0pp

Tjx Companies Inc's net profit margin was 8.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.

Return on Equity

57.2%

YoY-2.4pp

5Y CAGR-11.8pp

10Y CAGR+5.6pp

Tjx Companies Inc's ROE was 57.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$2.5B

YoY+1.2%

5Y CAGR+10.1%

10Y CAGR+4.3%

Tjx Companies Inc spent $2.5B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1.2% from the prior year.

Capital Expenditures

$1.9B

YoY+11.4%

5Y CAGR+9.4%

10Y CAGR+7.7%

Tjx Companies Inc invested $1.9B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.4% from the prior year.

TJX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$56.4B+4.0%	$54.2B+8.6%	$49.9B+2.9%	$48.5B+51.1%	$32.1B-23.0%	$41.7B
Cost of Revenue	$39.1B+3.1%	$38.0B+5.0%	$36.1B+4.1%	$34.7B+41.5%	$24.5B-17.8%	$29.8B
Gross Profit	$17.2B+6.0%	$16.3B+18.0%	$13.8B-0.4%	$13.8B+82.0%	$7.6B-36.0%	$11.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.9B+4.6%	$10.5B+17.3%	$8.9B-1.7%	$9.1B+29.3%	$7.0B-5.8%	$7.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$78.0M-4.9%	$82.0M-9.9%	$91.0M-26.0%	$123.0M-38.2%	$199.0M+224.1%	$61.4M
Income Tax	$1.6B+8.4%	$1.5B+31.2%	$1.1B+2.1%	$1.1B+111600.0%	-$1.0M-100.1%	$1.1B
Net Income	$4.9B+8.7%	$4.5B+27.9%	$3.5B+6.5%	$3.3B+3547.8%	$90.0M-97.2%	$3.3B
EPS (Diluted)	$4.26+10.4%	$3.86+30.0%	$2.97+10.0%	$2.70+3757.1%	$0.07-97.4%	$2.67

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	$15.1B+5.0%	$14.4B+9.8%	$13.1B-6.8%	$14.1B+4.4%	$13.5B+7.9%	$12.5B-24.0%	$16.4B+23.7%	$13.3B
Cost of Revenue	$10.2B+2.1%	$10.0B+7.9%	$9.2B-3.9%	$9.6B+2.6%	$9.4B+7.3%	$8.7B-24.2%	$11.5B+26.1%	$9.1B
Gross Profit	$4.9B+11.3%	$4.4B+14.5%	$3.9B-13.0%	$4.4B+8.6%	$4.1B+9.3%	$3.7B-23.4%	$4.9B+18.3%	$4.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.0B+8.3%	$2.8B+10.0%	$2.5B-7.2%	$2.7B+3.1%	$2.7B+11.1%	$2.4B-22.4%	$3.1B+20.0%	$2.6B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$474.0M+17.3%	$404.0M+30.3%	$310.0M-29.4%	$439.0M+19.0%	$369.0M+15.3%	$320.0M-27.3%	$440.0M+10.6%	$398.0M
Net Income	$1.4B+16.0%	$1.2B+20.0%	$1.0B-20.1%	$1.3B+18.0%	$1.1B+2.7%	$1.1B-23.7%	$1.4B+17.8%	$1.2B
EPS (Diluted)	$1.28+16.4%	$1.10+19.6%	$0.92-19.3%	$1.14+18.7%	$0.96+3.2%	$0.93-23.8%	$1.22+18.4%	$1.03

TJX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$31.9B+7.3%	$29.7B+3.5%	$28.7B+3.5%	$27.7B-8.6%	$30.3B+19.2%	$25.4B
Current Assets	$12.6B+1.5%	$12.4B-1.5%	$12.6B+0.9%	$12.5B-16.9%	$15.0B+45.8%	$10.3B
Cash & Equivalents	$4.3B-15.9%	$5.1B+0.7%	$5.0B+17.0%	$4.3B-51.1%	$8.8B+104.7%	$4.3B
Inventory	$7.1B+14.6%	$6.2B-3.5%	$6.4B-7.9%	$7.0B+36.7%	$5.1B+3.4%	$4.9B
Accounts Receivable	$594.0M+9.6%	$542.0M-7.7%	$587.0M+1.9%	$576.0M-7.3%	$621.2M+260.2%	$172.5M
Goodwill	$95.0M0.0%	$95.0M0.0%	$95.0M-2.1%	$97.0M-2.3%	$99.3M+5.1%	$94.5M
Total Liabilities	$23.4B+5.3%	$22.2B-0.4%	$22.3B+0.7%	$22.1B-8.5%	$24.2B+16.9%	$20.7B
Current Liabilities	$10.8B+7.2%	$10.1B-4.1%	$10.5B+5.1%	$10.0B+1.1%	$9.9B+112.2%	$4.7B
Long-Term Debt	$2.9B+0.1%	$2.9B+0.1%	$2.9B-14.8%	$3.4B-37.1%	$5.3B-25.8%	$7.2B
Total Equity	$8.5B+13.3%	$7.5B+16.8%	$6.4B+14.8%	$5.6B-8.9%	$6.1B+29.5%	$4.7B
Retained Earnings	$7.9B+13.4%	$6.9B+18.0%	$5.9B+13.6%	$5.2B-0.5%	$5.2B+19.9%	$4.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	$35.2B+7.0%	$32.9B+3.2%	$31.9B-1.8%	$32.4B+6.2%	$30.6B+3.0%	$29.7B-0.2%	$29.7B-2.0%	$30.4B
Current Assets	$15.3B+15.3%	$13.3B+5.4%	$12.6B-12.2%	$14.4B+11.3%	$12.9B+3.9%	$12.4B-2.0%	$12.7B-8.3%	$13.8B
Cash & Equivalents	$4.6B0.0%	$4.6B+9.0%	$4.3B-9.8%	$4.7B-10.1%	$5.3B+3.8%	$5.1B-9.7%	$5.6B+30.5%	$4.3B
Inventory	$9.4B+26.9%	$7.4B+3.4%	$7.1B-14.9%	$8.4B+29.4%	$6.5B+4.1%	$6.2B+4.2%	$6.0B-28.0%	$8.3B
Accounts Receivable	$651.0M+8.5%	$600.0M+1.0%	$594.0M-0.8%	$599.0M+15.0%	$521.0M-3.9%	$542.0M+2.5%	$529.0M-5.5%	$560.0M
Goodwill	$95.0M0.0%	$95.0M0.0%	$95.0M0.0%	$95.0M0.0%	$95.0M0.0%	$95.0M0.0%	$95.0M+1.1%	$94.0M
Total Liabilities	$25.8B+7.5%	$24.0B+2.8%	$23.4B-3.7%	$24.3B+6.5%	$22.8B+2.7%	$22.2B-1.2%	$22.4B-4.6%	$23.5B
Current Liabilities	$14.0B+23.8%	$11.3B+4.4%	$10.8B-9.9%	$12.0B+13.1%	$10.6B+5.2%	$10.1B-3.4%	$10.5B-10.2%	$11.6B
Long-Term Debt	$1.9B-34.8%	$2.9B0.0%	$2.9B+0.1%	$2.9B0.0%	$2.9B0.0%	$2.9B0.0%	$2.9B0.0%	$2.9B
Total Equity	$9.4B+5.6%	$8.9B+4.3%	$8.5B+4.0%	$8.2B+5.0%	$7.8B+3.7%	$7.5B+2.7%	$7.3B+6.9%	$6.8B
Retained Earnings	$8.7B+6.4%	$8.2B+4.4%	$7.9B+3.4%	$7.6B+5.7%	$7.2B+3.8%	$6.9B+3.3%	$6.7B+5.6%	$6.3B

TJX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$6.1B+1.0%	$6.1B+48.3%	$4.1B+33.6%	$3.1B-33.0%	$4.6B+12.2%	$4.1B
Capital Expenditures	$1.9B+11.4%	$1.7B+18.2%	$1.5B+39.4%	$1.0B+84.0%	$568.0M-53.6%	$1.2B
Free Cash Flow	$4.2B-3.2%	$4.3B+65.0%	$2.6B+30.6%	$2.0B-49.6%	$4.0B+40.5%	$2.8B
Investing Cash Flow	-$2.5B-44.3%	-$1.7B-16.8%	-$1.5B-40.5%	-$1.0B-80.7%	-$579.0M+60.4%	-$1.5B
Financing Cash Flow	-$3.8B+8.9%	-$4.2B-27.5%	-$3.3B+46.7%	-$6.2B-292.1%	$3.2B+233.7%	-$2.4B
Dividends Paid	$1.6B+11.1%	$1.5B+10.8%	$1.3B+6.9%	$1.3B+350.4%	$278.0M-74.1%	$1.1B
Share Buybacks	$2.5B+1.2%	$2.5B+10.2%	$2.3B+3.6%	$2.2B+977.2%	$202.0M-87.0%	$1.6B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	$1.5B-14.5%	$1.8B+354.6%	$394.0M-62.3%	$1.0B-35.8%	$1.6B+121.0%	$737.0M-73.7%	$2.8B+139.1%	$1.2B
Capital Expenditures	$531.0M+15.2%	$461.0M-7.2%	$497.0M+17.8%	$422.0M-25.0%	$563.0M+34.4%	$419.0M-5.2%	$442.0M-3.9%	$460.0M
Free Cash Flow	$1.0B-24.7%	$1.3B+1391.3%	-$103.0M-116.5%	$624.0M-41.5%	$1.1B+235.2%	$318.0M-86.5%	$2.4B+231.6%	$711.0M
Investing Cash Flow	-$541.0M-16.1%	-$466.0M+7.4%	-$503.0M+18.5%	-$617.0M-9.6%	-$563.0M-31.9%	-$427.0M+2.1%	-$436.0M+5.6%	-$462.0M
Financing Cash Flow	-$975.0M-2.2%	-$954.0M+9.0%	-$1.0B-10.0%	-$953.0M-8.0%	-$882.0M-5.0%	-$840.0M+23.4%	-$1.1B-21.3%	-$904.0M
Dividends Paid	$473.0M-0.2%	$474.0M+11.8%	$424.0M+0.2%	$423.0M0.0%	$423.0M+11.3%	$380.0M+0.3%	$379.0M-0.3%	$380.0M
Share Buybacks	$594.0M+11.9%	$531.0M-13.4%	$613.0M+3.4%	$593.0M+6.1%	$559.0M+9.8%	$509.0M-36.1%	$797.0M+23.4%	$646.0M

TJX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.6%+0.6pp	30.0%+2.4pp	27.6%-0.9pp	28.5%+4.8pp	23.7%-4.8pp	28.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.6%+0.4pp	8.3%+1.2pp	7.0%+0.2pp	6.8%+6.5pp	0.3%-7.6pp	7.8%
Return on Equity	57.2%-2.4pp	59.6%+5.2pp	54.5%-4.2pp	58.7%+57.2pp	1.5%-67.6pp	69.0%
Return on Assets	15.3%+0.2pp	15.1%+2.9pp	12.2%+0.4pp	11.8%+11.5pp	0.3%-12.6pp	12.9%
Current Ratio	1.16-0.1	1.23+0.0	1.20-0.0	1.25-0.3	1.52-0.7	2.21
Debt-to-Equity	0.34-0.0	0.38-0.1	0.45-0.2	0.60-0.3	0.87-0.6	1.52
FCF Margin	7.4%-0.6pp	8.0%+2.7pp	5.3%+1.1pp	4.1%-8.3pp	12.4%+5.6pp	6.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	32.6%+1.9pp	30.7%+1.3pp	29.5%-2.1pp	31.6%+1.2pp	30.3%+0.4pp	30.0%+0.2pp	29.8%-1.4pp	31.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.5%+0.9pp	8.6%+0.7pp	7.9%-1.3pp	9.2%+1.1pp	8.2%-0.4pp	8.6%+0.0pp	8.6%-0.4pp	9.0%
Return on Equity	15.4%+1.4pp	14.0%+1.8pp	12.2%-3.7pp	15.9%+1.8pp	14.1%-0.1pp	14.3%-4.9pp	19.2%+1.8pp	17.4%
Return on Assets	4.1%+0.3pp	3.8%+0.5pp	3.3%-0.8pp	4.0%+0.4pp	3.6%-0.0pp	3.6%-1.1pp	4.7%+0.8pp	3.9%
Current Ratio	1.09-0.1	1.17+0.0	1.16-0.0	1.19-0.0	1.21-0.0	1.23+0.0	1.21+0.0	1.19
Debt-to-Equity	0.20-0.1	0.32-0.0	0.34-0.0	0.35-0.0	0.37-0.0	0.38-0.0	0.39-0.0	0.42
FCF Margin	6.6%-2.6pp	9.2%+10.0pp	-0.8%-5.2pp	4.4%-3.5pp	7.9%+5.4pp	2.5%-11.8pp	14.4%+9.0pp	5.4%

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Frequently Asked Questions

What is Tjx Companies Inc's annual revenue?

Tjx Companies Inc (TJX) reported $56.4B in total revenue for fiscal year 2025. This represents a 4.0% 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 Tjx Companies Inc's revenue growing?

Tjx Companies Inc (TJX) revenue grew by 4% year-over-year, from $54.2B to $56.4B in fiscal year 2025.

Is Tjx Companies Inc profitable?

Yes, Tjx Companies Inc (TJX) reported a net income of $4.9B in fiscal year 2025, with a net profit margin of 8.6%.

What is Tjx Companies Inc's earnings per share (EPS)?

Tjx Companies Inc (TJX) reported diluted earnings per share of $4.26 for fiscal year 2025. This represents a 10.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Tjx Companies Inc have?

As of fiscal year 2025, Tjx Companies Inc (TJX) had $4.3B in cash and equivalents against $2.9B in long-term debt.

What is Tjx Companies Inc's gross margin?

Tjx Companies Inc (TJX) had a gross margin of 30.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tjx Companies Inc's net profit margin?

Tjx Companies Inc (TJX) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Tjx Companies Inc pay dividends?

Yes, Tjx Companies Inc (TJX) paid $1.50 per share in dividends during fiscal year 2025.

What is Tjx Companies Inc's return on equity (ROE)?

Tjx Companies Inc (TJX) has a return on equity of 57.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tjx Companies Inc's free cash flow?

Tjx Companies Inc (TJX) generated $4.2B in free cash flow during fiscal year 2025. This represents a -3.2% 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 Tjx Companies Inc's operating cash flow?

Tjx Companies Inc (TJX) generated $6.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tjx Companies Inc's total assets?

Tjx Companies Inc (TJX) had $31.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Tjx Companies Inc's capital expenditures?

Tjx Companies Inc (TJX) invested $1.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Tjx Companies Inc buy back shares?

Yes, Tjx Companies Inc (TJX) spent $2.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Tjx Companies Inc have outstanding?

Tjx Companies Inc (TJX) had 1.12B shares outstanding as of fiscal year 2025.

What is Tjx Companies Inc's current ratio?

Tjx Companies Inc (TJX) had a current ratio of 1.16 as of fiscal year 2025, which is considered adequate.

What is Tjx Companies Inc's debt-to-equity ratio?

Tjx Companies Inc (TJX) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tjx Companies Inc's return on assets (ROA)?

Tjx Companies Inc (TJX) had a return on assets of 15.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tjx Companies Inc's Piotroski F-Score?

Tjx Companies Inc (TJX) has a Piotroski F-Score of 7 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tjx Companies Inc's earnings high quality?

Tjx Companies Inc (TJX) has an earnings quality ratio of 1.26x, 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.

How financially healthy is Tjx Companies Inc?

Tjx Companies Inc (TJX) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.