A Business at a Glance
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ITEM 1. Business BUSINESS OVERVIEW The TJX Companies, Inc. (together with its subsidiaries, “TJX,” the “Company,” “we,” or “our”) is the leading off-price apparel and home fashions retailer in the United States and worldwide. We have over 5,000 stores and six branded e-commerce sites that offer a rapidly changing assortment of quality, fashionable, brand name and designer merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day. Our mission is to deliver great value to our customers every day. In our stores and online, we offer consumers our value proposition of brand, fashion, price and quality. Our opportunistic buying strategies and flexible business model differentiate us from traditional retailers. We offer a treasure hunt shopping experience and a rapid turn of inventories relative to traditional retailers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 59.0B | 56.4B | 54.2B | 49.9B | 48.5B | 32.1B |
| Net Income | 5.1B | 4.9B | 4.5B | 3.5B | 3.3B | 90M |
| EPS | $4.53 | $4.26 | $3.86 | $2.97 | $2.70 | $0.07 |
| Free Cash Flow | 4.4B | 4.2B | 4.3B | 2.6B | 2.0B | 4.0B |
| ROIC | 0.0% | 63.7% | 63.0% | 56.0% | 57.7% | 6.9% |
| Gross Margin | 30.9% | 30.6% | 30.0% | 27.6% | 28.5% | 23.7% |
| Debt/Equity | 0.41 | 0.34 | 0.39 | 0.61 | 0.56 | 1.17 |
| Dividends/Share | $1.61 | $1.50 | $1.33 | $1.18 | $1.04 | $0.22 |
| Operating Income | 0 | 6.7B | 6.1B | 4.7B | 4.6B | 401M |
| Operating Margin | 0.0% | 11.8% | 11.3% | 9.5% | 9.6% | 1.2% |
| ROE | 54.7% | 62.0% | 61.3% | 55.0% | 54.7% | 1.6% |
| Shares Outstanding | 1,110M | 1,142M | 1,159M | 1,178M | 1,216M | 1,292M |
TJX COMPANIES INC /DE/ passes 7 of 9 quality checks, indicating strong fundamentals.
TJX COMPANIES INC /DE/ trades at 35.2x trailing earnings, compared to its 15-year median P/E of 20.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 40.0x vs a median of 25.1x. The company's 5-year average ROIC is 49.5% with a gross margin of 28.1%. Total shareholder yield (dividends + buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +9.7%.
TJX COMPANIES INC /DE/ (TJX) has a current P/E ratio of 35.2, compared to its historical median P/E of 20.7. The stock is currently considered Expensive based on its historical valuation range.
TJX COMPANIES INC /DE/ (TJX) has a 5-year average return on invested capital (ROIC) of 49.5%. This indicates strong capital allocation and a potential competitive advantage.
TJX COMPANIES INC /DE/ (TJX) has a market capitalization of $176.9B. It is classified as a large-cap stock.
Yes, TJX COMPANIES INC /DE/ (TJX) pays a dividend with a trailing twelve-month yield of 1.01%. The company also returns capital through share buybacks, with a buyback yield of 1.46%.
Based on historical P/E analysis, TJX COMPANIES INC /DE/ (TJX) appears expensive. The current P/E of 35.2 is 70% above its historical median of 20.7. The estimated fair value CAGR (P/E method) is 19.4%.
TJX COMPANIES INC /DE/ (TJX) operates in the Retail-Family Clothing Stores industry, within the Consumer Cyclical sector.
TJX COMPANIES INC /DE/ (TJX) reported annual revenue of $56.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
TJX COMPANIES INC /DE/ (TJX) has a net profit margin of 8.6%. This is a modest margin.
TJX COMPANIES INC /DE/ (TJX) generated $4.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TJX COMPANIES INC /DE/ (TJX) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
TJX COMPANIES INC /DE/ (TJX) reported earnings per share (EPS) of $4.26 in its most recent fiscal year.
TJX COMPANIES INC /DE/ (TJX) has a return on equity (ROE) of 62.0%. This indicates the company generates strong returns for shareholders.
TJX COMPANIES INC /DE/ (TJX) has a 5-year average gross margin of 28.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for TJX COMPANIES INC /DE/ (TJX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TJX COMPANIES INC /DE/ (TJX) has a book value per share of $7.35, based on its most recent annual SEC filing.
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