TJX Companies
TJX · NYSERetail-Family Clothing Stores · Fiscal year ends Feb 1
TJX Companies reported revenue of $60.4B in the fiscal year ended Jan 2026, up 7.1% from the year before. Net income was $5.5B. Operating cash flow of $6.9B less capital expenditure of $2B left free cash flow of $4.9B. It held more cash than debt (net cash $3.4B).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $48.6B | $49.9B | $54.2B | $56.4B | $60.4B |
| Cost of revenue | $34.7B | $36.1B | $38B | $39.1B | $41.7B |
| Gross profit | $13.8B | $13.8B | $16.3B | $17.2B | $18.7B |
| Selling, general & admin | $9.1B | $8.9B | $10.5B | $10.9B | $11.5B |
| Interest expense | $123M | $91M | $82M | $78M | $79M |
| Pre-tax income | $4.4B | $4.6B | $6B | $6.5B | $7.3B |
| Income tax | $1.1B | $1.1B | $1.5B | $1.6B | $1.8B |
| Net income | $3.3B | $3.5B | $4.5B | $4.9B | $5.5B |
| Diluted EPS | 2.70 | 2.97 | 3.86 | 4.26 | 4.87 |
| Diluted shares | 1,216M | 1,178M | 1,159M | 1,142M | 1,128M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $6.2B | $5.5B | $5.6B | $5.3B | $6.2B |
| Receivables | $518M | $563M | $529M | $549M | $602M |
| Inventory | $6B | $5.8B | $6B | $6.4B | $7.3B |
| Current assets | $13.3B | $12.5B | $12.7B | $13B | $15.2B |
| Net PP&E | $5.3B | $5.8B | $6.6B | $7.3B | $8.2B |
| Goodwill | $97M | $97M | $95M | $94M | $96M |
| Total assets | $28.5B | $28.3B | $29.7B | $31.7B | $35.8B |
| Payables | $4.5B | $3.8B | $3.9B | $4.3B | $4.6B |
| Deferred revenue | $685M | $721M | $773M | $824M | $897M |
| Current liabilities | $10.5B | $10.3B | $10.5B | $11B | $13.4B |
| Short-term debt | $0 | $500M | $0 | $0 | $999M |
| Long-term debt | $3.4B | $2.9B | $2.9B | $2.9B | $1.9B |
| Shareholders' equity | $6B | $6.4B | $7.3B | $8.4B | $10.2B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $4.1B | $6.1B | $6.1B | $6.9B |
| Capital expenditure | $1B | $1.5B | $1.7B | $1.9B | $2B |
| Free cash flow | $2B | $2.6B | $4.3B | $4.2B | $4.9B |
| Depreciation & amortisation | $868M | $887M | $964M | $1.1B | $1.2B |
| Stock-based compensation | $189M | $122M | $160M | $183M | $214M |
| Share buybacks | $2.2B | $2.3B | $2.5B | $2.5B | $2.5B |
| Dividends paid | $1.3B | $1.3B | $1.5B | $1.6B | $1.8B |
| Dividend per share | 1.04 | 1.18 | 1.33 | 1.50 | 1.70 |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 2.9% | 8.6% | 4.0% | 7.1% |
| EPS growth (YoY) | – | 10.0% | 30.0% | 10.4% | 14.3% |
| Gross margin | 28.5% | 27.6% | 30.0% | 30.6% | 31.0% |
| Net margin | 6.8% | 7.0% | 8.3% | 8.6% | 9.1% |
| Return on equityBlank when equity is negative | 54.7% | 55.0% | 61.3% | 58.0% | 53.9% |
| Free cash flow margin | 4.1% | 5.3% | 8.0% | 7.4% | 8.1% |
| Cash conversion (CFO ÷ net income) | 0.93x | 1.17x | 1.35x | 1.26x | 1.25x |
| Receivable days | 4 | 4 | 4 | 4 | 4 |
| Inventory days | 63 | 59 | 57 | 60 | 64 |
| Payable days | 47 | 38 | 37 | 40 | 40 |
| Debt ÷ equity | 0.56x | 0.53x | 0.39x | 0.34x | 0.28x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$2.9B | −$2.1B | −$2.7B | −$2.5B | −$3.4B |
| Current ratio | 1.27x | 1.21x | 1.21x | 1.18x | 1.14x |
Recent filings
More in Retail-Family Clothing 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.