Tjx Companies Inc (TJX)
Consumer Discretionary · Apparel Retail · US stock · S&P 500 component
$147.38
▲ +1.86 (1.28%)
Fair valueFair
$129 −12.4% to fair value
$65fair band $110–$157$194
Day's range
$145.48 – $147.69
52-week range
$122.78 – $170.00
About Tjx Companies Inc
TJX Companies is an off-price retailer of apparel and home goods, operating chains such as T.J. Maxx, Marshalls, HomeGoods and Sierra, along with international banners. It buys branded merchandise from many vendors at reduced prices, including surplus and closeout goods, and sells it at lower prices than traditional stores. The company earns money from retail sales, and its treasure-hunt shopping style relies on constantly changing inventory.
The company reported twelve-month revenue of $62.4 billion, which expanded at 6.5% a year across the last three years. It earned an operating margin of 12.9%, and it generated a return on invested capital of 81%. Net debt to EBITDA is -0.3 times, which means the company holds more cash than debt. The dividend yield is 1.2%. The site's X-Ray Score is 55 out of 100.
Price chart
52-wk range $122.78 – $170.00Volume 4,350,309Daily, split-adjusted
Vitals
Market cap$164.6B
52-week range$122.78 – $170.00
Volume (last day)4,350,309
P/E (TTM)27.3
EBIT / EV yield5.0%
Free-cash-flow yield3.6%
Dividend yield1.2%
Revenue (TTM)$62.4B
Net income (TTM)$6.1B
Operating margin12.9%
Return on capital80.7%
Debt incl. leases$2.9B
Cash & securities$6.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$129middle half of models $120 – $145
Fair
−12.4% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $147
Undervalued < $110Fair $110 – $157Overvalued > $157
P/E multiple
$147
P/B multiple
$144
P/S multiple
$127
EV/EBITDA multiple
$142
EV/EBIT multiple
$145
EV/revenue multiple
$135
10-year DCF, EBITDA exit
$141
5-year DCF, EBITDA exit
$149
10-year DCF, revenue exit
$139
5-year DCF, revenue exit
$146
10-year DCF, growth exit
$97
5-year DCF, growth exit
$95
Dividend discount, stable
$71
Dividend discount, multi-stage
$143
Earnings power value
$114
Growth the price implies
15.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
28/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.0%
Free-cash-flow yield3.6%
Fair value vs price0.9×
Growth
Fair
61/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)6.5%
EPS growth (3y)17.9%
Growth consistency90%
Profitability
Fair
66/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital80.7%
Operating margin12.9%
Gross profitability53.8%
Financial health
Strong
71/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA-0.3×
Interest coverNo interest cost
Dividends
Fair
51/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.2%
Dividends vs free cash flow34%
Dividend growth11.2%
Quarterly results: last 6 quarters
+5.1%
May '25
+6.9%
Aug '25
+7.5%
Nov '25
+8.5%
Jan '26
+9.2%
May '26
+5.4%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $15.2B, diluted EPS $1.36.
SWOT analysis: Tjx Companies Inc
Strengthsinside the company
- Return on invested capital is 80.7%, against a median of 24.2% for sector peers.
- Earnings per share have compounded at 17.9% a year over three years.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Dividends use only 34% of free cash flow, which leaves room to raise them.
Threatsvaluation and setting
- Trades at 27.1x earnings, 31% above the 20.7x median of sector peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TJX with peers and sector
Medians of 46 Consumer Discretionary peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): AMZN 42, TSLA 28, HD 40, MCD 53, BKNG 70, SBUX 31.
| Metric | TJX | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 55 | 50 | 50 |
| Valuation | 28 | 49 | 49 |
| Growth | 61 | 50 | 50 |
| Profitability | 66 | 52 | 52 |
| Financial health | 71 | 49 | 49 |
| Dividends | 51 | 52 | 52 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
TJX ranks #13 of 47 in Consumer Discretionary by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TJX
Each factor is rated by where TJX stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 10 Average · 5 Bad of 23
Growth: 1 · 2 · 0
Profitability: 2 · 2 · 1
Financial strength: 3 · 1 · 0
Valuation: 0 · 1 · 4
Cash flow: 1 · 3 · 0
Efficiency: 1 · 1 · 0
| Factor | TJX | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.5% | Average beats 50% | +6.5% | – | – |
| Revenue growth, last year | +7.1% | Average beats 60% | +4.9% | +7.1% | ≈ In line |
| EPS growth, 3 years a year | +17.9% | Good beats 76% | +4.0% | – | – |
| Profitability | |||||
| Gross margin | 32.0% | Bad beats 27% | 42.5% | 30.0% | ≈ In line |
| Operating margin | 12.9% | Average beats 43% | 14.9% | 11.2% | ▲ Better |
| Net margin | 9.7% | Average beats 45% | 11.4% | 8.3% | ▲ Better |
| Return on invested capital | 80.7% | Good beats 89% | 24.6% | – | – |
| Return on equity | 57.0% | Good beats 76% | 35.3% | 55.0% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | -0.3x | Good beats 79% | 1.8x | -0.4x | ≈ In line |
| Interest cover | 50.0x | Good beats 76% | 25.3x | 50.0x | ≈ In line |
| Current ratio | 1.15 | Average beats 57% | 1.10 | 1.21 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 76% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 27.1x | Bad beats 30% | 21.1x | 27.6x | ≈ In line |
| Price / book | 15.5x | Bad beats 18% | 7.2x | 15.5x | ≈ In line |
| Price / sales | 2.6x | Average beats 46% | 2.1x | 2.1x | ▼ Worse |
| EV / EBITDA | 17.2x | Bad beats 30% | 15.0x | 16.8x | ≈ In line |
| Free cash flow yield | 3.6% | Bad beats 31% | 4.3% | 2.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 9.4% | Average beats 42% | 10.8% | 7.4% | ▲ Better |
| Cash from operations / net income | 1.32 | Average beats 42% | 1.37 | 1.25 | ≈ In line |
| Free cash flow growth, 3 years a year | +23.2% | Good beats 70% | +12.1% | – | – |
| Accruals (lower is better) | −5.3% | Average beats 49% | −5.3% | – | – |
| Efficiency | |||||
| Inventory turnover | 5.4x | Average beats 59% | 4.2x | 6.1x | ▼ Worse |
| Days sales outstanding | 4 days | Good beats 91% | 14 days | 4 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 6 Good · ● 8 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 55/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $48.6B | $49.9B | $54.2B | $56.4B | $60.4B |
| Operating income | $4.5B | $4.7B | $6.0B | $6.6B | $7.4B |
| Net income | $3.3B | $3.5B | $4.5B | $4.9B | $5.5B |
| Operating cash flow | $3.1B | $4.1B | $6.1B | $6.1B | $6.9B |
| Operating margin | 9.3% | 9.5% | 11.2% | 11.6% | 12.2% |
| Free cash flow | $2.0B | $2.6B | $4.3B | $4.2B | $4.9B |
| Diluted EPS | $2.70 | $2.97 | $3.86 | $4.26 | $4.87 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 144.4 | Bullish |
| EMA 10 | 144.2 | Bullish |
| SMA 20 | 139.3 | Bullish |
| EMA 20 | 140.9 | Bullish |
| SMA 50 | 136.6 | Bullish |
| EMA 50 | 140.2 | Bullish |
| SMA 100 | 146.9 | Bullish |
| EMA 100 | 143.8 | Bullish |
| SMA 200 | 151.0 | Bearish |
| EMA 200 | 145.8 | Bullish |
Oscillators (daily)
| RSI (14) | 70.77 | Bearish |
| MACD (12, 26) | 3.43 | Bullish |
| Momentum (12) | 7.55 | Bullish |
| Stochastic %K (14) | 92.19 | Bearish |
| Williams %R (14) | -7.81 | Bearish |
| CCI (20) | 99.18 | Neutral |
Pivot points (classic, last session)
S3 143.8 | S2 144.6 | S1 146.0 | Pivot 146.9 | R1 148.2 | R2 149.1 | R3 150.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.81 USD
Yield on today's price
1.23%
Frequency
Quarterly
Next ex-dividend date
12 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.4800 |
| 0.4800 | |
| 0.4800 | |
| 0.4250 | |
| 0.4250 | |
| 0.4250 | |
| 0.4250 | |
| 0.3750 | |
| 0.3750 | |
| 0.3750 | |
| 0.3750 | |
| 0.3325 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TJX
| ETF | Share of the fund |
|---|---|
| DIVO Amplify CWP Enhanced Dividend Income | 4.43% |
| QUAL iShares MSCI USA Quality Factor | 3.98% |
| XLY Consumer Discretionary Select Sector S... | 3.92% |
| QGRO American Century U.S. Quality Growth | 3.23% |
| FDIS Fidelity MSCI Consumer Discretionary I... | 2.63% |
| VCR Vanguard Consumer Discretionary | 2.52% |
| GRNY Fundstrat Granny Shots US Large Cap | 2.25% |
| FTCS First Trust Capital Strength | 1.90% |
The eight funds with the largest weight in TJX among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TJX stock splits
TJX has split its stock 5 times since 1997. The latest was a 2-for-1 split on 7 Nov 2018.
Full TJX stock split history →TJX SEC filings
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.