Balance Sheet The TJX Companies

Stocks

TJX

US8725401090

Discount Stores

Market Closed - NYSE Other stock markets 06:03:12 21/07/26 am AEST			After hours 09:55:09 am
155.70 ^USD	+0.80%		155.02	-0.44%

10/06	TJX Keeps Quarterly Dividend at $0.48 a Share, Payable Sept. 3 to Holders of Record Aug. 13	MT
10/06	TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says	MT

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Published financial data: THE TJX COMPANIES

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2022	2023	2024	2025	2026
Revenues	48.55B	49.94B	54.22B	56.36B	60.37B
Total Revenues	48.55B	49.94B	54.22B	56.36B	60.37B
Cost of Goods Sold, Total	34.74B	36.16B	37.95B	39.11B	41.68B
Gross Profit	13.81B	13.78B	16.27B	17.25B	18.69B
Selling General & Admin Expenses, Total	9.3B	8.93B	10.47B	10.95B	11.52B
Other Operating Expenses, Total	9.3B	8.93B	10.47B	10.95B	11.52B
Operating Income	4.51B	4.85B	5.8B	6.3B	7.18B
Interest Expense, Total	-120M	-84M	-79M	-76M	-74M
Interest And Investment Income	4.44M	78M	249M	257M	195M
Net Interest Expenses	-115M	-6M	170M	181M	121M
EBT, Excl. Unusual Items	4.4B	4.84B	5.97B	6.48B	7.3B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-218M	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-1.25M	9M	-	-	-
EBT, Incl. Unusual Items	4.4B	4.64B	5.97B	6.48B	7.3B
Income Tax Expense	1.11B	1.14B	1.49B	1.62B	1.8B
Earnings From Continuing Operations	3.28B	3.5B	4.47B	4.86B	5.49B
Net Income to Company	3.28B	3.5B	4.47B	4.86B	5.49B
Net Income - (IS)	3.28B	3.5B	4.47B	4.86B	5.49B
Net Income to Common Incl Extra Items	3.28B	3.5B	4.47B	4.86B	5.49B
Net Income to Common Excl. Extra Items	3.28B	3.5B	4.47B	4.86B	5.49B
Per Share Items
Net EPS - Basic	2.74	3	3.9	4.31	4.93
Basic EPS - Continuing Operations	2.74	3	3.9	4.31	4.93
Basic Weighted Average Shares Outstanding	1.2B	1.17B	1.15B	1.13B	1.11B
Net EPS - Diluted	2.7	2.97	3.86	4.26	4.87
Diluted EPS - Continuing Operations	2.7	2.97	3.86	4.26	4.87
Diluted Weighted Average Shares Outstanding	1.22B	1.18B	1.16B	1.14B	1.13B
Normalized Basic EPS	2.29	2.6	3.25	3.59	4.1
Normalized Diluted EPS	2.26	2.57	3.22	3.55	4.04
Dividend Per Share	1.04	1.18	1.33	1.5	1.7
Payout Ratio	38.13	38.28	33.17	33.88	33.53
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	5.38B	5.74B	6.76B	7.41B	8.42B
EBITA	4.51B	4.85B	5.8B	6.3B	7.18B
EBIT	4.51B	4.85B	5.8B	6.3B	7.18B
EBITDAR	8.67B	9.02B	10.27B	11.06B	12.24B
Effective Tax Rate - (Ratio)	25.35	24.55	25.02	24.97	24.73
Current Domestic Taxes	1.04B	889M	1.33B	1.35B	1.37B
Current Foreign Taxes	122M	185M	175M	244M	321M
Total Current Taxes	1.16B	1.07B	1.5B	1.59B	1.69B
Deferred Domestic Taxes	-58.28M	52M	-28M	23M	88M
Deferred Foreign Taxes	14.07M	12M	20M	5M	23M
Total Deferred Taxes	-44.21M	64M	-8M	28M	111M
Normalized Net Income	2.75B	3.03B	3.73B	4.05B	4.56B
Interest Capitalized	3.68M	7M	3M	2M	5M
Non-Cash Pension Expense	-21.82M	-5M	0	-3M	-5M
Supplemental Operating Expense Items
Advertising Expense	506M	500M	573M	617M	680M
Selling and Marketing Expenses	-	-	573M	617M	680M
Net Rental Expense, Total	3.29B	3.29B	3.5B	3.66B	3.81B
Imputed Operating Lease Interest Expense	232M	189M	182M	180M	184M
Imputed Operating Lease Depreciation	3.06B	3.1B	3.32B	3.48B	3.63B
Stock-Based Comp., Other (Total)	189M	122M	160M	183M	214M
Total Stock-Based Compensation	189M	122M	160M	183M	214M

Fiscal Period: January	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	6.23B	5.48B	5.6B	5.34B	6.23B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	6.23B	5.48B	5.6B	5.34B	6.23B
Accounts Receivable, Total	518M	563M	529M	549M	602M
Other Receivables	115M	119M	59M	69M	8M
Total Receivables	632M	682M	588M	618M	610M
Inventory	5.96B	5.82B	5.96B	6.42B	7.3B
Prepaid Expenses	393M	334M	334M	564M	1.06B
Other Current Assets, Total	45.09M	144M	178M	53.1M	9M
Total Current Assets	13.26B	12.46B	12.66B	12.99B	15.2B
Gross Property Plant And Equipment	21.29B	22.4B	24.02B	25.62B	28.14B
Accumulated Depreciation	-7.16B	-7.53B	-8.05B	-8.64B	-9.59B
Net Property Plant And Equipment	14.12B	14.87B	15.97B	16.99B	18.55B
Long-term Investments	186M	-	-	551M	566M
Goodwill	96.66M	97M	95M	94M	96M
Other Intangibles, Total	123M	120M	108M	108M	108M
Deferred Tax Assets Long-Term	185M	158M	172M	148M	147M
Other Long-Term Assets, Total	488M	649M	741M	870M	1.1B
Total Assets	28.46B	28.35B	29.75B	31.75B	35.77B
Liabilities
Accounts Payable, Total	4.47B	3.79B	3.86B	4.26B	4.58B
Accrued Expenses, Total	1.38B	1.35B	1.69B	1.59B	1.96B
Current Portion of Long-Term Debt	-	500M	-	-	999M
Current Portion of Leases	1.58B	1.61B	1.62B	1.64B	1.73B
Current Income Taxes Payable	181M	55M	99M	75M	170M
Unearned Revenue Current, Total	685M	721M	773M	824M	897M
Other Current Liabilities	2.18B	2.27B	2.41B	2.62B	3.04B
Total Current Liabilities	10.47B	10.3B	10.45B	11.01B	13.36B
Long-Term Debt	3.35B	2.86B	2.86B	2.87B	1.87B
Long-Term Leases	7.58B	7.78B	8.06B	8.28B	8.89B
Pension & Other Post Retirement Benefits	-	105M	95M	100M	113M
Deferred Tax Liability Non Current	44.18M	127M	148M	156M	268M
Other Non Current Liabilities	1.02B	814M	829M	950M	1.07B
Total Liabilities	22.46B	21.98B	22.44B	23.36B	25.58B
Common Stock, Total	1.18B	1.16B	1.13B	1.12B	1.11B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	5.51B	5.82B	6.7B	7.88B	9.43B
Comprehensive Income and Other	-687M	-606M	-532M	-609M	-351M
Total Common Equity	6B	6.36B	7.3B	8.39B	10.19B
Total Equity	6B	6.36B	7.3B	8.39B	10.19B
Total Liabilities And Equity	28.46B	28.35B	29.75B	31.75B	35.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.18B	1.15B	1.13B	1.12B	1.11B
ECS Total Common Shares Outstanding	1.18B	1.16B	1.13B	1.12B	1.11B
Book Value / Share	5.08	5.51	6.44	7.5	9.2
Tangible Book Value	5.78B	6.15B	7.1B	8.19B	9.99B
Tangible Book Value Per Share	4.9	5.32	6.26	7.32	9.02
Total Debt	12.51B	12.74B	12.54B	12.78B	13.49B
Net Debt	6.28B	7.27B	6.94B	7.44B	7.26B
Debt Equivalent of Unfunded Proj. Benefit Obligation	118M	-23M	-61M	-72M	-70M
Debt Equivalent Oper. Leases	26.34B	26.29B	28.04B	29.25B	30.51B
Equity Method Investments, Total	186M	-	-	551M	566M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	5.96B	5.82B	5.96B	6.42B	7.3B
Land - (BS)	1.91B	2.04B	2.18B	2.56B	2.82B
Machinery, Total	6.87B	7.4B	8.13B	8.71B	9.52B
Full Time Employees	340K	329K	349K	364K	377K

Fiscal Period: January	2022	2023	2024	2025	2026
Net Income	3.28B	3.5B	4.47B	4.86B	5.49B
Depreciation & Amortization - CF	868M	887M	964M	1.1B	1.25B
Depreciation & Amortization, Total	868M	887M	964M	1.1B	1.25B
(Gain) Loss From Sale Of Asset	8.6M	23M	61M	10M	21M
(Gain) Loss on Sale of Investments - (CF)	-	218M	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	189M	122M	160M	183M	214M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	183M	157M	-49M	-72M	25M
Change In Accounts Receivable	-61.45M	-51M	37M	-26M	-41M
Change In Inventories	-1.66B	58M	-145M	-539M	-724M
Change In Accounts Payable	-338M	-600M	64M	448M	239M
Change In Income Taxes	21.41M	-131M	106M	-41M	235M
Change in Other Net Operating Assets	562M	-97M	385M	185M	164M
Cash from Operations	3.06B	4.08B	6.06B	6.12B	6.87B
Capital Expenditure	-1.04B	-1.46B	-1.72B	-1.92B	-1.96B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.59M	-13M	5M	-559M	-24M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.05B	-1.47B	-1.72B	-2.48B	-1.98B
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-2.98B	-	-500M	-	-
Total Debt Repaid	-2.98B	-	-500M	-	-
Issuance of Common Stock	229M	321M	285M	366M	311M
Repurchase of Common Stock	-2.2B	-2.26B	-2.48B	-2.51B	-2.52B
Common Dividends Paid	-1.25B	-1.34B	-1.48B	-1.65B	-1.84B
Common & Preferred Stock Dividends Paid	-1.25B	-1.34B	-1.48B	-1.65B	-1.84B
Other Financing Activities, Total	-	-33M	-32M	-43M	-65M
Cash from Financing	-6.2B	-3.31B	-4.22B	-3.84B	-4.12B
Foreign Exchange Rate Adjustments	-54.15M	-58M	-2M	-66M	120M
Net Change in Cash	-4.24B	-750M	123M	-265M	895M
Supplemental Items
Cash Interest Paid	139M	86M	80M	74M	74M
Cash Income Tax Paid (Refund)	1.12B	1.22B	1.43B	1.63B	1.47B
Levered Free Cash Flow	1.51B	1.89B	3.53B	3.21B	3.89B
Unlevered Free Cash Flow	1.59B	1.94B	3.58B	3.26B	3.94B
Change In Net Working Capital	1.25B	643M	-551M	51M	52M
Net Debt Issued / Repaid	-2.98B	-	-500M	-	-

Fiscal Period: January	2022	2023	2024	2025	2026
Profitability
Return on Assets	9.52	10.67	12.47	12.81	13.29
Return on Total Capital	14.16	16.12	18.6	19.21	20.01
Return On Equity %	55.47	56.57	65.48	61.98	59.13
Return on Common Equity	55.47	56.57	65.48	61.98	59.13
Margin Analysis
Gross Profit Margin %	28.44	27.59	30	30.6	30.96
SG&A Margin	19.15	17.88	19.31	19.42	19.07
EBITDA Margin %	11.09	11.49	12.47	13.14	13.96
EBITA Margin %	9.3	9.71	10.69	11.18	11.89
EBIT Margin %	9.3	9.71	10.69	11.18	11.89
Income From Continuing Operations Margin %	6.76	7	8.25	8.63	9.1
Net Income Margin %	6.76	7	8.25	8.63	9.1
Net Avail. For Common Margin %	6.76	7	8.25	8.63	9.1
Normalized Net Income Margin	5.66	6.06	6.88	7.19	7.56
Levered Free Cash Flow Margin	3.11	3.78	6.5	5.69	6.45
Unlevered Free Cash Flow Margin	3.27	3.89	6.6	5.78	6.52
Asset Turnover
Asset Turnover	1.64	1.76	1.87	1.83	1.79
Fixed Assets Turnover	3.45	3.44	3.52	3.42	3.4
Receivables Turnover (Average Receivables)	99.21	92.39	99.3	104.56	104.9
Inventory Turnover (Average Inventory)	6.75	6.14	6.44	6.32	6.08
Short Term Liquidity
Current Ratio	1.27	1.21	1.21	1.18	1.14
Quick Ratio	0.66	0.6	0.59	0.54	0.51
Operating Cash Flow to Current Liabilities	0.29	0.4	0.58	0.56	0.51
Days Sales Outstanding (Average Receivables)	3.67	3.94	3.74	3.48	3.47
Days Outstanding Inventory (Average Inventory)	53.95	59.3	57.6	57.64	59.9
Average Days Payable Outstanding	46.49	41.74	37.28	37.34	37.77
Cash Conversion Cycle (Average Days)	11.13	21.5	24.06	23.77	25.6
Long Term Solvency
Total Debt/Equity	208.35	200.25	171.76	152.25	132.37
Total Debt / Total Capital	67.57	66.69	63.2	60.36	56.97
LT Debt/Equity	182.08	167.1	149.58	132.75	105.63
Long-Term Debt / Total Capital	59.05	55.65	55.04	52.63	45.46
Total Liabilities / Total Assets	78.91	77.55	75.45	73.56	71.51
EBIT / Interest Expense	37.77	57.75	73.38	82.92	97
EBITDA / Interest Expense	72.58	107.43	129.95	145.55	165.39
(EBITDA - Capex) / Interest Expense	63.84	90.08	108.15	120.32	138.95
Total Debt / EBITDA	1.44	1.41	1.22	1.16	1.1
Net Debt / EBITDA	0.72	0.81	0.68	0.67	0.59
Total Debt / (EBITDA - Capex)	1.64	1.68	1.47	1.4	1.31
Net Debt / (EBITDA - Capex)	0.82	0.96	0.81	0.81	0.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	51.07	2.85	8.57	3.95	7.12
Gross Profit, 1 Yr. Growth %	83.51	-0.22	17.98	6.04	8.38
EBITDA, 1 Yr. Growth %	471.94	6.61	17.64	9.54	13.76
EBITA, 1 Yr. Growth %	6.33K	7.47	19.28	8.71	13.9
EBIT, 1 Yr. Growth %	6.33K	7.47	19.28	8.71	13.9
Earnings From Cont. Operations, 1 Yr. Growth %	3.53K	6.55	27.9	8.72	12.95
Net Income, 1 Yr. Growth %	3.53K	6.55	27.9	8.72	12.95
Normalized Net Income, 1 Yr. Growth %	-4.08K	10.14	22.93	8.65	12.59
Diluted EPS Before Extra, 1 Yr. Growth %	3.76K	10	29.97	10.36	14.32
Accounts Receivable, 1 Yr. Growth %	12.25	8.69	-6.04	3.78	9.65
Inventory, 1 Yr. Growth %	37.45	-2.4	2.51	7.64	13.64
Net Property, Plant and Equip., 1 Yr. Growth %	0.7	5.27	7.38	6.39	9.2
Total Assets, 1 Yr. Growth %	-7.63	-0.39	4.93	6.73	12.66
Tangible Book Value, 1 Yr. Growth %	3.12	6.29	15.49	15.38	21.91
Common Equity, 1 Yr. Growth %	2.92	6.01	14.74	14.94	21.41
Cash From Operations, 1 Yr. Growth %	-32.98	33.6	48.31	0.97	12.39
Capital Expenditures, 1 Yr. Growth %	83.94	39.43	18.19	11.38	2.03
Levered Free Cash Flow, 1 Yr. Growth %	-54.54	24.95	86.21	-9	21.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-53.97	22.4	83.72	-8.93	20.93
Dividend Per Share, 1 Yr. Growth %	300	13.46	12.71	12.78	13.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.88	24.65	5.68	6.24	5.52
Gross Profit, 2 Yr. CAGR %	7.85	34.62	8.43	11.85	7.2
EBITDA, 2 Yr. CAGR %	0.93	98.72	9.65	13.52	11.63
EBITA, 2 Yr. CAGR %	1.1	188.7	10.41	13.87	11.28
EBIT, 2 Yr. CAGR %	1.1	188.7	10.41	13.87	11.28
Earnings From Cont. Operations, 2 Yr. CAGR %	0.16	523.43	16.74	17.92	10.81
Net Income, 2 Yr. CAGR %	0.16	523.43	16.74	17.92	10.81
Normalized Net Income, 2 Yr. CAGR %	-0.08	247.6	13.4	15.57	10.6
Diluted EPS Before Extra, 2 Yr. CAGR %	0.56	551.37	19.57	19.76	12.32
Accounts Receivable, 2 Yr. CAGR %	15.76	10.49	1.06	-1.25	6.68
Inventory, 2 Yr. CAGR %	10.61	15.83	0.03	5.05	10.6
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.91	2.96	6.32	6.89	7.79
Total Assets, 2 Yr. CAGR %	8.57	-4.08	2.23	5.83	9.65
Tangible Book Value, 2 Yr. CAGR %	0.56	4.69	10.8	15.43	18.6
Common Equity, 2 Yr. CAGR %	0.46	4.46	10.29	14.84	18.13
Cash From Operations, 2 Yr. CAGR %	-13.29	-5.38	40.76	22.37	6.53
Capital Expenditures, 2 Yr. CAGR %	-7.58	60.16	28.37	14.73	6.61
Levered Free Cash Flow, 2 Yr. CAGR %	-21.69	-28.03	45.68	30.17	5.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	-20.37	-28.22	43.52	29.35	4.94
Dividend Per Share, 2 Yr. CAGR %	6.32	113.04	13.09	12.75	13.06
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.6	6.18	19.04	5.1	6.53
Gross Profit, 3 Yr. CAGR %	7.42	5.09	28.85	7.62	10.68
EBITDA, 3 Yr. CAGR %	2.23	2.79	66.95	9.62	13.6
EBITA, 3 Yr. CAGR %	2.28	3.18	115.16	9.84	13.88
EBIT, 3 Yr. CAGR %	2.28	3.18	115.16	9.84	13.88
Earnings From Cont. Operations, 3 Yr. CAGR %	2.37	2.25	267.69	14	16.24
Net Income, 3 Yr. CAGR %	2.37	2.25	267.69	14	16.24
Normalized Net Income, 3 Yr. CAGR %	1.48	3.22	145.96	11.79	14.57
Diluted EPS Before Extra, 3 Yr. CAGR %	3.57	3.61	280.62	16.42	17.92
Accounts Receivable, 3 Yr. CAGR %	14.34	13.38	4.68	1.96	2.26
Inventory, 3 Yr. CAGR %	9.19	6.1	11.21	2.5	7.84
Net Property, Plant and Equip., 3 Yr. CAGR %	39.04	1.11	4.41	6.34	7.65
Total Assets, 3 Yr. CAGR %	25.71	5.5	-1.17	3.71	8.06
Tangible Book Value, 3 Yr. CAGR %	6.31	2.43	8.17	12.3	17.56
Common Equity, 3 Yr. CAGR %	5.94	2.28	7.78	11.82	16.99
Cash From Operations, 3 Yr. CAGR %	-9.23	0.14	9.91	26.01	18.95
Capital Expenditures, 3 Yr. CAGR %	-2.44	6.01	44.73	22.44	10.33
Levered Free Cash Flow, 3 Yr. CAGR %	-16.34	-8.5	-1.1	24.53	27.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-15.42	-8.12	-1.72	23.33	26.48
Dividend Per Share, 3 Yr. CAGR %	10.06	8.65	72.3	12.98	12.94
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.91	6.84	6.83	6.2	13.44
Gross Profit, 5 Yr. CAGR %	7.5	5.86	7.86	7.76	19.71
EBITDA, 5 Yr. CAGR %	3.61	4.01	6.06	6.99	42.12
EBITA, 5 Yr. CAGR %	3.24	4	6.57	7.37	65.28
EBIT, 5 Yr. CAGR %	3.24	4	6.57	7.37	65.28
Earnings From Cont. Operations, 5 Yr. CAGR %	7.39	6.05	7.89	8.25	127.58
Net Income, 5 Yr. CAGR %	7.39	6.05	7.89	8.25	127.58
Normalized Net Income, 5 Yr. CAGR %	2.94	4.14	7.23	8.03	78.66
Diluted EPS Before Extra, 5 Yr. CAGR %	9.31	8.01	9.7	9.79	133.61
Accounts Receivable, 5 Yr. CAGR %	14.87	11.47	8.84	7.28	5.48
Inventory, 5 Yr. CAGR %	10.34	6.8	5.43	5.67	10.96
Net Property, Plant and Equip., 5 Yr. CAGR %	25.52	24.32	24.89	3.38	5.75
Total Assets, 5 Yr. CAGR %	17.18	15.06	15.73	5.63	3.03
Tangible Book Value, 5 Yr. CAGR %	6.77	4.62	8.08	7.45	12.23
Common Equity, 5 Yr. CAGR %	5.88	4.33	7.66	7.13	11.8
Cash From Operations, 5 Yr. CAGR %	-3.36	6.18	8.18	8.5	8.55
Capital Expenditures, 5 Yr. CAGR %	0.39	6.62	8.88	9.41	28.07
Levered Free Cash Flow, 5 Yr. CAGR %	-9.61	2.78	6.44	5.42	1.31
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.02	2.85	6.4	5.41	0.89
Dividend Per Share, 5 Yr. CAGR %	14.87	13.55	11.26	10.27	45.58