BJ's Wholesale Club
BJ · NYSERetail-Variety Stores · Fiscal year ends Jan 30
BJ's Wholesale Club reported revenue of $21.5B in the fiscal year ended Jan 2026, up 4.7% from the year before. Operating income was $817M, an operating margin of 3.8%, and net income was $578M. Operating cash flow of $1B less capital expenditure of $702M left free cash flow of $328M. Net debt was $473M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $16.7B | $19.3B | $20B | $20.5B | $21.5B |
| Cost of revenue | $13.6B | $15.9B | $16.3B | $16.7B | $17.5B |
| Gross profit | $3.1B | $3.4B | $3.6B | $3.8B | $4B |
| Selling, general & admin | $2.4B | $2.7B | $2.8B | $3B | $3.2B |
| Operating income | $617M | $738M | $800M | $772M | $817M |
| Interest expense | $45M | $38M | $58M | $43M | $32M |
| Pre-tax income | $558M | $691M | $736M | $721M | $774M |
| Income tax | $131M | $176M | $212M | $186M | $196M |
| Net income | $427M | $513M | $524M | $534M | $578M |
| Diluted EPS | 3.09 | 3.76 | 3.88 | 4.00 | 4.38 |
| Diluted shares | 138M | 136M | 135M | 134M | 132M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $45M | $34M | $36M | $28M | $46M |
| Receivables | $174M | $240M | $235M | $277M | $253M |
| Inventory | $1.2B | $1.4B | $1.5B | $1.5B | $1.6B |
| Current assets | $1.5B | $1.7B | $1.8B | $1.9B | $2B |
| Net PP&E | $942M | $1.3B | $1.6B | $1.9B | $2.4B |
| Goodwill | $924M | $1B | $1B | $1B | $1B |
| Total assets | $5.7B | $6.3B | $6.7B | $7.1B | $7.5B |
| Payables | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B |
| Deferred revenue | – | $272M | $318M | $353M | – |
| Current liabilities | $2B | $2.5B | $2.5B | $2.5B | $2.7B |
| Short-term debt | $0 | $405M | $319M | $175M | $120M |
| Long-term debt | $749M | $448M | $398M | $399M | $399M |
| Total liabilities | – | – | – | $5.2B | $5.3B |
| Shareholders' equity | $648M | $1B | $1.5B | $1.8B | $2.2B |
| Backlog (remaining obligations) | $18M | $18M | – | – | – |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $832M | $788M | $719M | $901M | $1B |
| Capital expenditure | $324M | $398M | $467M | $588M | $702M |
| Free cash flow | $508M | $390M | $252M | $313M | $328M |
| Depreciation & amortisation | $181M | $201M | $228M | $262M | $289M |
| Stock-based compensation | $54M | $43M | $39M | $48M | $47M |
| Acquisitions | $0 | $377M | $0 | $0 | – |
| Share buybacks | $194M | $172M | $155M | $220M | $287M |
| Dividends paid | $25,000 | $25,000 | $25,000 | $25,000 | – |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.9% | 3.4% | 2.7% | 4.7% |
| Operating income growth (YoY) | – | 19.5% | 8.5% | −3.5% | 5.7% |
| EPS growth (YoY) | – | 21.7% | 3.2% | 3.1% | 9.5% |
| Gross margin | 18.5% | 17.8% | 18.2% | 18.4% | 18.6% |
| Operating margin | 3.7% | 3.8% | 4.0% | 3.8% | 3.8% |
| Net margin | 2.6% | 2.7% | 2.6% | 2.6% | 2.7% |
| Return on equityBlank when equity is negative | 65.8% | 49.0% | 35.9% | 28.9% | 26.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 16.8% | 19.4% | 19.0% | 17.0% | 16.9% |
| Free cash flow margin | 3.0% | 2.0% | 1.3% | 1.5% | 1.5% |
| Cash conversion (CFO ÷ net income) | 1.95x | 1.54x | 1.37x | 1.69x | 1.78x |
| Receivable days | 4 | 5 | 4 | 5 | 4 |
| Inventory days | 33 | 32 | 33 | 33 | 33 |
| Payable days | 30 | 27 | 26 | 27 | 27 |
| Interest cover | 13.7x | 19.7x | 13.8x | 18.1x | 25.6x |
| Debt ÷ equity | 1.16x | 0.81x | 0.49x | 0.31x | 0.24x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $703M | $819M | $681M | $546M | $473M |
| Current ratio | 0.76x | 0.67x | 0.73x | 0.74x | 0.75x |
Recent filings
More in Retail-Variety Stores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.