Saturday 31 October 2026
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The TJX Companies, Inc.
TJX Consumer Cyclical Apparel Retail
The TJX Companies, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $60.4 billion, up 7.12% from fiscal 2025. In the quarter to July 2026, revenue grew 5.41%, EPS grew 23.6%, free cash flow grew 30.0% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three.
140.58
0.81
−0.57%
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| Jan '17 | Jan '18 | Jan '19 | Jan '20 | Jan '21 | Jan '22 | Jan '23 | Jan '24 | Jan '25 | Jan '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 7 | 7 | 5 | 5 | 7 | 7 | 9 | 7 | 7 |
P/E ratio |
21.65 | 19.88 | 20.38 | 22.03 | 1,067.83 | 26.66 | 27.47 | 24.59 | 29.29 | 30.77 |
Altman Z-Score |
7.85 | 7.63 | 8.36 | 5.08 | 3.37 | 4.95 | 5.31 | 5.78 | 6.47 | 6.70 |
P/S ratio |
1.48 | 1.43 | 1.58 | 1.71 | 2.39 | 1.78 | 1.91 | 2.01 | 2.50 | 2.77 |
Altman Z″-Score (non-manufacturers) |
5.23 | 5.04 | 4.89 | 2.78 | 1.95 | 2.68 | 2.62 | 2.87 | 2.93 | 2.96 |
P/FCF ratio |
18.88 | 25.99 | 20.83 | 25.09 | 19.25 | 42.92 | 36.33 | 25.09 | 33.53 | 34.02 |
P/Operating CF |
32.43 | 46.66 | 38.32 | 32.53 | 269.54 | 77.80 | 31.55 | 38.85 | 52.06 | 52.99 |
Beneish M-Score |
(2.93) | (2.45) | (2.76) | 1.22 | (3.04) | (2.15) | (2.45) | (2.89) | (2.62) | (2.68) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 93 |
P/B ratio |
10.89 | 9.94 | 12.23 | 11.99 | 13.18 | 14.39 | 15.00 | 14.90 | 16.77 | 16.42 |
Price to Tangible BV |
11.38 | 10.13 | 12.47 | 12.19 | 13.41 | 14.62 | 15.23 | 15.09 | 16.96 | 16.57 |
EV/Sales |
1.44 | 1.40 | 1.56 | 1.72 | 2.26 | 1.75 | 1.87 | 1.99 | 2.48 | 2.72 |
EV/EBITDA |
10.69 | 10.63 | 11.93 | 13.27 | 47.95 | 14.64 | 15.90 | 15.56 | 18.44 | 18.98 |
EV/Operating CF |
13.20 | 16.56 | 14.90 | 17.65 | 15.89 | 27.83 | 22.85 | 17.78 | 22.89 | 23.85 |
EV/FCF |
18.40 | 25.47 | 20.56 | 25.24 | 18.15 | 42.28 | 35.53 | 24.85 | 33.34 | 33.34 |
Quick Ratio |
0.78 | 0.70 | 0.61 | 0.51 | 1.02 | 0.66 | 0.60 | 0.59 | 0.54 | 0.51 |
Current Ratio |
1.63 | 1.66 | 1.53 | 1.24 | 1.46 | 1.27 | 1.21 | 1.21 | 1.18 | 1.14 |
Net Debt/EBITDA |
(0.28) | (0.22) | (0.16) | 0.08 | (2.90) | (0.22) | (0.36) | (0.40) | (0.33) | (0.39) |
Debt/Assets |
17.29% | 15.87% | 15.59% | 15.11% | 19.74% | 17.33% | 11.85% | 9.62% | 9.03% | 8.02% |
Debt/Equity |
0.49 | 0.43 | 0.44 | 0.61 | 1.04 | 0.82 | 0.53 | 0.39 | 0.34 | 0.28 |
Asset Turnover |
2.72 | 2.66 | 2.75 | 2.17 | 1.17 | 1.64 | 1.76 | 1.87 | 1.83 | 1.79 |
Operating CF/Net income |
1.58 | 1.16 | 1.34 | 1.24 | 50.69 | 0.93 | 1.17 | 1.35 | 1.26 | 1.25 |
Capex/Depreciation |
(1.56) | (1.28) | (1.22) | (1.23) | (0.61) | (0.99) | (1.44) | (1.53) | (1.49) | (1.34) |
Interest Coverage |
87.71 | 123.09 | 472.02 | 440.48 | 3.22 | 41.35 | 810.00 | (34.10) | (34.82) | (59.32) |
| 52.13% | 54.00% | 60.01% | 59.51% | 1.53% | 55.48% | 56.57% | 65.48% | 61.98% | 59.13% | |
| 18.86% | 19.36% | 21.56% | 17.01% | 0.33% | 11.08% | 12.31% | 15.40% | 15.82% | 16.27% | |
ROIC |
73.09% | 59.07% | 61.47% | 43.27% | 25.16% | 63.12% | 71.54% | 79.38% | 66.49% | 65.69% |
Return on Tangible Assets |
30.54% | 31.17% | 37.35% | 46.31% | 0.90% | 40.72% | 44.09% | 50.93% | 52.14% | 54.61% |
Average Days of Receivables |
2.85 | 3.33 | 3.24 | 3.79 | 5.65 | 4.76 | 4.99 | 3.96 | 4.00 | 3.69 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
17.38% | 17.78% | 17.77% | 17.87% | 21.85% | 18.70% | 17.88% | 19.31% | 19.42% | 19.07% |
Intangible Assets out of Total Assets |
0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.31% | 0.28% | 0.27% | 0.30% | 0.18% | 0.39% | 0.24% | 0.30% | 0.32% | 0.35% |
Graham Net Nets |
(0.01) | (0.01) | (0.01) | (0.13) | (0.12) | (0.11) | (0.10) | (0.09) | (0.07) | (0.06) |
Graham Number |
11.57 | 13.55 | 14.94 | 17.23 | 2.56 | 17.43 | 19.13 | 23.52 | 26.71 | 31.69 |
Earnings Yield |
4.62% | 5.03% | 4.91% | 4.54% | 0.09% | 3.75% | 3.64% | 4.07% | 3.41% | 3.25% |
Free Cash Flow Yield |
5.30% | 3.85% | 4.80% | 3.99% | 5.19% | 2.33% | 2.75% | 3.99% | 2.98% | 2.94% |
Revenue per Share |
25.31 | 28.16 | 31.40 | 34.53 | 26.78 | 40.46 | 42.83 | 47.31 | 49.96 | 54.19 |
Operating CF per Share |
2.77 | 2.38 | 3.29 | 3.37 | 3.80 | 2.55 | 3.50 | 5.29 | 5.42 | 6.17 |
Capex per Share |
(0.78) | (0.83) | (0.91) | (1.01) | (0.47) | (0.87) | (1.25) | (1.50) | (1.70) | (1.76) |
Free Cash Flow per Share |
1.98 | 1.55 | 2.39 | 2.35 | 3.33 | 1.68 | 2.25 | 3.78 | 3.72 | 4.41 |
Cash per Share |
2.65 | 2.56 | 2.44 | 2.66 | 8.72 | 5.19 | 4.70 | 4.89 | 4.73 | 5.59 |
Shareholders Equity per Share |
3.44 | 4.04 | 4.07 | 4.92 | 4.86 | 5.00 | 5.46 | 6.37 | 7.44 | 9.15 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.44 | 4.04 | 4.07 | 4.92 | 4.86 | 5.00 | 5.46 | 6.37 | 7.44 | 9.15 |
Free Cash Flow |
2,602.11 | 1,968.01 | 2,963.32 | 2,843.42 | 3,994.00 | 2,012.00 | 2,627.00 | 4,335.00 | 4,198.00 | 4,917.00 |
Working Capital |
2,993.12 | 3,360.19 | 2,937.85 | 1,740.38 | 4,935.67 | 2,791.00 | 2,151.00 | 2,213.00 | 1,983.00 | 1,841.00 |
Capital Expenditures |
(1,024.75) | (1,057.62) | (1,125.14) | (1,223.12) | (568.00) | (1,045.00) | (1,457.00) | (1,722.00) | (1,918.00) | (1,957.00) |
Net Current Asset Value |
(622.43) | (423.98) | (808.20) | (9,306.17) | (9,241.53) | (9,199.00) | (9,529.00) | (9,781.00) | (10,365.00) | (10,375.00) |
EV/EBIT |
12.54 | 12.89 | 14.57 | 16.25 | 124.57 | 17.89 | 19.20 | 18.58 | 22.21 | 22.84 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
12.86 | 13.16 | 14.76 | 16.15 | 132.10 | 18.16 | 19.64 | 18.76 | 22.34 | 23.31 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.15 | 0.16 | 0.18 | 0.19 | 0.18 | 0.20 | 0.17 | 0.17 | 0.18 | 0.18 |
Cash ROIC |
25.48% | 18.49% | 28.74% | 22.19% | 17.84% | 11.72% | 17.28% | 27.50% | 25.30% | 25.49% |
Accounts Receivable Turnover |
133.56 | 122.41 | 115.74 | 107.03 | 69.07 | 85.90 | 75.95 | 85.38 | 93.47 | 98.33 |
Accounts Payable Turnover |
10.63 | 10.81 | 10.85 | 11.23 | 6.55 | 7.47 | 8.75 | 9.91 | 9.63 | 9.44 |
Inventory Turnover |
6.42 | 6.51 | 6.35 | 6.32 | 5.33 | 6.74 | 6.14 | 6.44 | 6.32 | 6.08 |
Average Days of Payables |
34.55 | 35.61 | 34.68 | 32.68 | 71.76 | 46.95 | 38.31 | 37.14 | 39.73 | 40.07 |
Days of Inventory on Hand |
56.46 | 59.93 | 60.05 | 59.59 | 64.53 | 62.69 | 58.76 | 57.37 | 59.92 | 63.90 |
Average Receivables |
248.45 | 293.00 | 336.73 | 389.76 | 465.32 | 565.20 | 657.50 | 635.00 | 603.00 | 614.00 |
Average Payables |
2,216.98 | 2,359.64 | 2,566.26 | 2,658.35 | 3,747.98 | 4,644.20 | 4,129.50 | 3,828.00 | 4,059.50 | 4,416.00 |
Average Inventory |
3,670.04 | 3,916.10 | 4,383.14 | 4,725.81 | 4,604.99 | 5,149.69 | 5,890.50 | 5,892.00 | 6,193.00 | 6,859.00 |
Average Assets |
12,187.12 | 13,470.91 | 14,192.02 | 19,235.52 | 27,479.28 | 29,637.28 | 28,405.00 | 29,048.00 | 30,748.00 | 33,758.00 |
Average Common Equity |
4,408.84 | 4,829.45 | 5,098.46 | 5,498.41 | 5,890.45 | 5,917.84 | 6,183.50 | 6,833.00 | 7,847.50 | 9,291.50 |
Columns are period end dates