stockrowBJ's Wholesale Club Holdings, Inc.
BJ Consumer Defensive Discount Stores
BJ's Wholesale Club Holdings, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $21.5 billion, up 4.66% from fiscal 2025.
- Revenue
- +15.7%
- EPS
- +20.2%
- Free cash flow
- +165.9%
- Total debt
- +24.9%
Quarter to July 2026, against a year earlier
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BJ's Wholesale Club Holdings, Inc. (BJ) Altman Z-score
BJ's Wholesale Club Holdings, Inc.'s Altman Z-score for fiscal 2026 is 4.70, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.70 | (0.29) |
| FY2025 | 4.99 | 0.50 |
| FY2024 | 4.49 | (0.01) |
| FY2023 | 4.51 | 0.28 |
| FY2022 | 4.22 | 0.51 |
| FY2021 | 3.72 | 0.97 |
| FY2020 | 2.75 | (1.63) |
| FY2019 | 4.37 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.09) | — | −0.11 | |
| Retained earnings / total assets | 0.16 | — | 0.22 | |
| EBIT / total assets | 0.11 | — | 0.36 | |
| Market value of equity / total liabilities | 2.28 | — | 1.37 | |
| Sales / total assets | 2.86 | — | 2.86 | |
| Altman Z-score | Safe zone | 4.70 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 1.09 | ||
Z and Z″ put BJ's Wholesale Club Holdings, Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| COST Costco Wholesale Corporation compare | 9.0× |
| WMT Walmart Inc. compare | 6.5× |
| OLLI Ollie's Bargain Outlet Holdings, Inc. compare | 6.0× |
| PSMT PriceSmart, Inc. compare | 5.3× |
| BJ BJ's Wholesale Club Holdings, Inc. | 4.7× |
| DLTR Dollar Tree, Inc. compare | 3.8× |
| TBBB BBB Foods Inc. compare | 3.5× |
| TGT Target Corporation compare | 2.9× |
| DG Dollar General Corporation compare | 2.7× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets