TJX Companies (TJX)
Market Price (10/7/2025): $143.13 | Market Cap: $159.6 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail
TJX Companies (TJX)
Market Price (10/7/2025): $143.13
Market Cap: $159.6 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail
Investment Highlights
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 5.9 Bil, FCF LTM is 4.0 Bil | Trading close to highs Dist 52W High is -1.0%, Dist 3Y High is -1.0% | Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x |
Low stock price volatility Vol 12M is 18% |
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 5.9 Bil, FCF LTM is 4.0 Bil |
Low stock price volatility Vol 12M is 18% |
Trading close to highs Dist 52W High is -1.0%, Dist 3Y High is -1.0% |
Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x |
Market Valuation & Key Metrics
TJX Stock
Price Returns Compared
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
TJX Return | 12% | 13% | 7% | 20% | 31% | 20% | 149% |
Peers Return | -0% | 37% | -19% | 9% | -10% | -7% | 0% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 15% | 108% |
Monthly Win Rates [3] | |||||||
TJX Win Rate | 67% | 58% | 50% | 67% | 75% | 67% | |
Peers Win Rate | 45% | 48% | 28% | 43% | 37% | 47% | |
S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
TJX Max Drawdown | -40% | -8% | -27% | -7% | -2% | -6% | |
Peers Max Drawdown | -45% | -4% | -33% | -23% | -19% | -40% | |
S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ROST, TGT, M, KSS, BRIA. See TJX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/6/2025 (YTD)
Downturns Compared
Event | TJX | S&P 500 |
---|---|---|
2022 Inflation Shock | ||
% Loss | -28.3% | -25.4% |
% Gain to Breakeven | 39.5% | 34.1% |
Time to Breakeven | 189 days | 464 days |
2020 Covid Pandemic | ||
% Loss | -42.6% | -33.9% |
% Gain to Breakeven | 74.1% | 51.3% |
Time to Breakeven | 246 days | 148 days |
2018 Correction | ||
% Loss | -25.8% | -19.8% |
% Gain to Breakeven | 34.8% | 24.7% |
Time to Breakeven | 200 days | 120 days |
2008 Global Financial Crisis | ||
% Loss | -50.2% | -56.8% |
% Gain to Breakeven | 100.9% | 131.3% |
Time to Breakeven | 281 days | 1480 days |
How Low Can It Go?
TJX Companies's stock fell -28.3% during the 2022 Inflation Shock from a high on 1/4/2022. A -28.3% loss requires a 39.5% gain to breakeven.
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About TJX Companies (TJX)
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts.
Latest Trefis Analyses
Trade Ideas
Select past trade ideas related to TJX and Apparel Retail.
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ANF | Abercrombie & Fitch | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -9.0% | -9.0% | -9.0% |
09302025 | DECK | Deckers Outdoor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -0.2% |
09302025 | CHH | Choice Hotels International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | -2.8% | -2.8% | -2.8% |
09302025 | VAC | Marriott Vacations Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 2.8% | 2.8% | -0.6% |
09302025 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt. | -1.3% | -1.3% | -1.3% |
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ANF | Abercrombie & Fitch | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -9.0% | -9.0% | -9.0% |
09302025 | DECK | Deckers Outdoor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -0.2% |
09302025 | CHH | Choice Hotels International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | -2.8% | -2.8% | -2.8% |
09302025 | VAC | Marriott Vacations Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 2.8% | 2.8% | -0.6% |
09302025 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt. | -1.3% | -1.3% | -1.3% |
See Trefis Trade Ideas for more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for TJX Companies
Financials
Median | |
---|---|
Name | |
Mkt Price | 53.63 |
Mkt Cap | 40.4 |
Rev LTM | 22,702 |
Op Inc LTM | 2,580 |
FCF LTM | 1,679 |
FCF 3Y Avg | 1,797 |
CFO LTM | 2,474 |
CFO 3Y Avg | 2,565 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | -1.5% |
Rev Chg 3Y Avg | -0.7% |
Rev Chg Q | -0.9% |
QoQ Delta Rev Chg LTM | -0.2% |
Op Mgn LTM | 5.1% |
Op Mgn 3Y Avg | 5.1% |
QoQ Delta Op Mgn LTM | -0.1% |
CFO/Rev LTM | 6.1% |
CFO/Rev 3Y Avg | 7.0% |
FCF/Rev LTM | 3.0% |
FCF/Rev 3Y Avg | 3.2% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 40.4 |
P/S | 0.4 |
P/EBIT | 7.3 |
P/E | 10.3 |
P/CFO | 6.3 |
Total Yield | 13.9% |
Dividend Yield | 3.9% |
FCF Yield 3Y Avg | 5.6% |
D/E | 0.5 |
Net D/E | 0.4 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 0.4% |
3M Rtn | 15.7% |
6M Rtn | 20.3% |
12M Rtn | 5.8% |
3Y Rtn | 19.4% |
1M Excs Rtn | -3.6% |
3M Excs Rtn | 7.1% |
6M Excs Rtn | -15.1% |
12M Excs Rtn | -13.8% |
3Y Excs Rtn | -53.7% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Marmaxx | 33,413 | 30,545 | 29,483 | 19,363 | 25,665 |
HomeGoods | 8,990 | 8,264 | 8,995 | 6,096 | 6,356 |
TJX International | 6,768 | 6,215 | 5,729 | 3,842 | 5,665 |
TJX Canada | 5,046 | 4,912 | 4,343 | 2,836 | 4,031 |
Total | 54,217 | 49,936 | 48,550 | 32,137 | 41,717 |
Operating Income by Segment
$ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Marmaxx | 4,597 | 3,883 | 3,813 | 891 | 3,470 |
HomeGoods | 861 | 522 | 907 | 510 | 681 |
TJX Canada | 715 | 690 | 485 | 124 | 516 |
TJX International | 332 | 347 | 161 | -504 | 307 |
General corporate expense | -708 | -582 | -611 | -439 | -557 |
Total | 5,797 | 4,860 | 4,755 | 582 | 4,416 |
Assets by Segment
$ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Marmaxx | 12,993 | 12,170 | 11,229 | 10,220 | 11,163 |
Corporate | 6,689 | 6,511 | 7,293 | 11,317 | 4,023 |
TJX International | 4,154 | 4,075 | 4,281 | 4,389 | 4,284 |
HomeGoods | 3,828 | 3,590 | 3,461 | 2,851 | 2,785 |
TJX Canada | 2,083 | 2,003 | 2,197 | 2,035 | 1,890 |
Total | 29,747 | 28,349 | 28,461 | 30,814 | 24,145 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/20/2025 | 2.7% | 1.5% | 3.9% |
5/21/2025 | -2.9% | -6.5% | -8.5% |
2/26/2025 | 1.8% | -0.8% | -2.4% |
11/20/2024 | 0.2% | 5.6% | 1.4% |
8/21/2024 | 6.1% | 6.0% | 4.4% |
5/22/2024 | 3.5% | 3.8% | 13.6% |
2/28/2024 | 0.6% | -3.1% | 0.6% |
11/15/2023 | -3.3% | -3.7% | -2.8% |
... | |||
SUMMARY STATS | |||
# Positive | 17 | 12 | 14 |
# Negative | 7 | 12 | 10 |
Median Positive | 3.5% | 5.4% | 4.1% |
Median Negative | -3.3% | -3.4% | -6.5% |
Max Positive | 7.2% | 8.9% | 13.6% |
Max Negative | -5.4% | -7.5% | -26.2% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
7312025 | 8292025 | 10-Q 8/2/2025 |
4302025 | 5302025 | 10-Q 5/3/2025 |
1312025 | 4022025 | 10-K 2/1/2025 |
10312024 | 12042024 | 10-Q 11/2/2024 |
7312024 | 8302024 | 10-Q 8/3/2024 |
4302024 | 5312024 | 10-Q 5/4/2024 |
1312024 | 4032024 | 10-K 2/3/2024 |
10312023 | 11292023 | 10-Q 10/28/2023 |
7312023 | 8252023 | 10-Q 7/29/2023 |
4302023 | 5262023 | 10-Q 4/29/2023 |
1312023 | 3292023 | 10-K 1/28/2023 |
10312022 | 11292022 | 10-Q 10/29/2022 |
7312022 | 8262022 | 10-Q 7/30/2022 |
4302022 | 5272022 | 10-Q 4/30/2022 |
1312022 | 3302022 | 10-K 1/29/2022 |
10312021 | 11302021 | 10-Q 10/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | Transacted Value | Value of Held Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Benjamin Peter | SEVP, Group President | 9092025 | Sell | 139.23 | 1,500 | 208,845 | 21,003,542 | Form |
1 | Nemerov Jackwyn | 9032025 | Sell | 138.00 | 1,192 | 164,496 | 132,066 | Form | |
2 | LANE AMY B | 6042025 | Sell | 128.09 | 950 | 121,689 | 2,909,253 | Form | |
3 | Benjamin Peter | SEVP, Group President | 5232025 | Sell | 129.77 | 4,123 | 535,042 | 19,771,108 | Form |
4 | Herrman Ernie | CEO & President | 3242025 | Sell | 116.54 | 15,000 | 1,748,058 | 54,677,972 | Form |
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