The TJX Companies, Inc.TJX
NYSE•Consumer Cyclical•Apparel Retail
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer worldwide. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company provides family apparel comprising footwear; accessories, such as beauty and jewelry; home fashion products, including home basics, decorative accessories and giftware, as well as furniture, rugs, lighting, soft home, decorative accessories, tabletop, and cookware; pet and gourmet food; and other merchandise. It also offers home decor, furniture, and seasonal home merchandise. The company sells its products through stores and e-commerce sites. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts.
TJX Companies, Inc. (The) (TJX) reported trailing twelve months revenue of $61.58B as of May 2026, a 8.1% increase year-over-year. Quarterly revenue reached $14.32B, reflecting continued top-line momentum.
TJX Companies, Inc. (The) generated $5.79B in TTM net income, with quarterly EBITDA of $2.02B. The operating margin expanded from 10.0% to 11.8%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (11.8%) and net margin (9.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 7.9% a year ago, signaling stronger bottom-line efficiency.
TJX trades at a P/E of 30.0x (in line with broad market averages) and a P/S of 2.8x. The price-to-book ratio of 16.7x indicates a significant premium over book value.
The company generated $457.00M in free cash flow over the trailing twelve months, a 543.7% increase year-over-year, indicating cash generation ability. The balance sheet shows $36.16B in total assets with $1.87B in long-term debt against $10.40B 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 expanding at ~11.6%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 57.0% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~10.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~12.2% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.1% — 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