BJ's Wholesale Club Holdings, Inc.BJ
NYSE•Consumer Defensive•Discount Stores
BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates membership warehouse clubs on the eastern half of the United States. The company offers groceries, fresh food, general merchandise, gasoline, and other ancillary services. It sells its products through its clubs; the BJs.com website; and its mobile app. The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018. BJ's Wholesale Club Holdings, Inc. was founded in 1984 and is headquartered in Marlborough, Massachusetts.
BJ's Wholesale Club Holdings, I (BJ) reported trailing twelve months revenue of $21.97B as of May 2026, a 5.9% increase year-over-year. Quarterly revenue reached $5.66B, reflecting continued top-line momentum.
BJ's Wholesale Club Holdings, I generated $571.34M in TTM net income, with quarterly EBITDA of $284.37M. The operating margin contracted from 4.0% to 3.7%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (3.7%) and net margin (2.5%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 2.9% a year ago, reflecting increased costs or interest expense.
BJ trades at a P/E of 21.1x (in line with broad market averages) and a P/S of 0.5x. The price-to-book ratio of 5.7x indicates a significant premium over book value.
The company reported negative free cash flow of $-42.05M, indicating cash consumption over the period. The balance sheet shows $7.93B in total assets with $399.17M in long-term debt against $2.13B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~3.8% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 28.6% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (6 of 7 quarters up), with ~7.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~3.7% — no sign of cost or pricing stress.
FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 2.9% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation