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TJX

The TJX Companies, Inc.

TJX

The TJX Companies, Inc. • NYSE
$151.85 ▼ -0.84% (-1.28)
Market Cap $169.00 B
52w High $154.66
52w Low $112.10
Dividend Yield 1.65%
P/E 33.52
Volume 2.49M
Outstanding Shares 1.11B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $15.117B ▲ $3.011B ▲ $1.442B ▲ 9.539% ▲ $1.28 ▲ $2.26B ▲
Q2-2026 $14.401B ▲ $2.805B ▲ $1.243B ▲ 8.631% ▲ $1.11 ▲ $1.973B ▲
Q1-2026 $13.111B ▼ $2.549B ▼ $1.036B ▼ 7.902% ▼ $0.92 ▼ $1.66B ▼
Q4-2025 $16.35B ▲ $3.132B ▲ $1.398B ▲ 8.55% ▼ $1.23 ▲ $2.215B ▲
Q3-2025 $14.063B $2.748B $1.297B 9.223% $1.15 $2.022B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $4.64B ▲ $35.188B ▲ $25.829B ▲ $9.359B ▲
Q2-2026 $4.639B ▲ $32.885B ▲ $24.019B ▲ $8.866B ▲
Q1-2026 $4.255B ▼ $31.858B ▲ $23.355B ▼ $8.503B ▲
Q4-2025 $5.335B ▲ $31.749B ▼ $23.356B ▼ $8.393B ▲
Q3-2025 $4.718B $32.436B $24.263B $8.173B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $1.243B ▲ $1.791B ▲ $-466M ▲ $-954M ▲ $384M ▲ $1.33B ▲
Q1-2026 $1.036B ▼ $394M ▼ $-503M ▲ $-1.048B ▲ $-1.08B ▼ $-103M ▼
Q4-2025 $1.398B ▲ $2.704B ▲ $-870M ▼ $-1.163B ▼ $617M ▲ $2.19B ▲
Q3-2025 $1.297B ▲ $1.046B ▼ $-617M ▼ $-953M ▼ $-532M ▼ $624M ▼
Q2-2025 $1.099B $1.629B $-563M $-882M $191M $1.066B

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
HomeGoods
HomeGoods
 $2.35Bn ▲$2.85Bn ▲$2.25Bn ▼$2.29Bn ▲
Marmaxx
Marmaxx
 $8.44Bn ▲$9.97Bn ▲$8.05Bn ▼$8.84Bn ▲
TJX Canada
TJX Canada
 $1.38Bn ▲$1.45Bn ▲$1.14Bn ▼$1.38Bn ▲
TJX International
TJX International
 $1.89Bn ▲$2.08Bn ▲$1.66Bn ▼$1.89Bn ▲

Five-Year Company Overview

Income Statement

Income Statement TJX’s income statement shows a strong and steady recovery over the past five years, moving from a pandemic-disrupted year to record sales and profits. Revenue has climbed consistently, and profitability has widened more than sales alone would suggest, meaning the company is becoming more efficient as it grows. Gross margins and operating margins have both improved, showing good control over buying and operating costs. Net income and earnings per share have risen sharply from the low point several years ago, reflecting both higher sales and disciplined expense management. Overall, the business looks healthy, mature, and still capable of incremental profit growth rather than just post‑pandemic rebound.

Balance Sheet

Balance Sheet The balance sheet reflects a stable, well-established retailer with manageable leverage. Total assets have inched up rather than exploding, which fits a disciplined expansion strategy. Cash levels are lower than during the pandemic peak but still comfortable for operations and investment, suggesting management has moved excess cash back into the business and to shareholders. Debt has been kept fairly steady or slightly reduced, while equity has built up each year as profits are retained. This combination – rising equity, contained debt, and solid liquidity – points to a balanced financial position rather than an aggressive or highly risky one.

Cash Flow

Cash Flow Cash flow is a clear strength. Operating cash flow has grown alongside earnings, and free cash flow has remained positive every single year, even as the company has stepped up its spending on new stores, systems, and infrastructure. Capital spending has increased meaningfully, but not to the point of straining the business; TJX still generates significantly more cash than it reinvests. This pattern indicates a business model that reliably converts accounting profits into real cash, leaving room for reinvestment, debt service, and shareholder returns without obvious pressure on the balance sheet.

Competitive Edge

Competitive Edge TJX holds a leading position in off-price retail, with a model that is hard to copy at scale. Its key advantages are the “treasure hunt” shopping experience, constant flow of new branded merchandise at clear discounts to traditional retailers, and deep, long-standing relationships with thousands of vendors worldwide. These factors support strong customer traffic across economic cycles, often benefiting TJX when consumers become more price-sensitive. At the same time, the company faces ongoing competitive pressure from other off-price chains, fast-fashion players, and e-commerce. Fashion risk, reliance on physical stores, and the need to constantly secure attractive inventory are structural challenges, but so far TJX’s scale and execution have kept it ahead of most peers.

Innovation and R&D

Innovation and R&D Innovation at TJX is more about operations and merchandising than classical research and development. The company continually refines its global buying engine, logistics, and data-driven inventory decisions to move quickly with consumer tastes and vendor opportunities. Technology is used behind the scenes to support sourcing, inventory management, and flexible store layouts rather than to radically change the shopping format. The online business is positioned as a complement to stores, designed to preserve the “treasure hunt” feel rather than become a pure e-commerce discounter. Looking ahead, expansion into new countries, growth of banners like HomeGoods, and ongoing upgrades to supply chain and data systems are the main innovation levers, suggesting steady, practical evolution rather than disruptive bets.

Summary

Overall, TJX looks like a mature, cash-generative retailer with a durable niche rather than a high-tech growth story. The financials show a clear recovery and then ongoing improvement in sales, margins, and cash generation, backed by a solid balance sheet and steady investment in the store base and infrastructure. Its competitive edge rests on scale, vendor relationships, and a shopping experience that encourages frequent visits and appeals across income levels. Key risks include fashion and inventory execution, intensifying competition, and the broader shift in consumer behavior between physical and online channels. Even so, the combination of strong cash flow, disciplined balance sheet management, and a well-entrenched off-price model positions TJX as a resilient player in the retail landscape, with room for further, if measured, growth through store expansion and international development.

NEWS

November 19, 2025 · 7:30 AM UTC

The TJX Companies, Inc. Reports Q3 FY26 Results; Comp Sales Growth of 5%, Pretax Profit Margin of 12.7%, and Diluted EPS of $1.28 All Well Above Plan; Increases FY26 Comp Sales Growth, Pretax Profit Margin, and EPS Guidance

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November 13, 2025 · 9:08 AM UTC

Las Culturistas' Matt Rogers and Bowen Yang Redefine Tired Gift Guides with Marshalls in "It's Giving Gifts!"

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November 5, 2025 · 11:16 AM UTC

The TJX Companies, Inc. to Report Q3 FY26 Results November 19, 2025

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September 17, 2025 · 1:29 PM UTC

The TJX Companies, Inc. Announces Quarterly Common Stock Dividend

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September 3, 2025 · 10:08 AM UTC

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