Tearsheet

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

0 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
1 Low stock price volatility
Vol 12M is 18%
  
0 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
1 Low stock price volatility
Vol 12M is 18%
2 Trading close to highs
Dist 52W High is -1.0%, Dist 3Y High is -1.0%
3 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

 202020212022202320242025Total [1]
Returns
TJX Return12%13%7%20%31%20%149%
Peers Return-0%37%-19%9%-10%-7%0%
S&P 500 Return16%27%-19%24%23%15%108%

Monthly Win Rates [3]
TJX Win Rate67%58%50%67%75%67% 
Peers Win Rate45%48%28%43%37%47% 
S&P 500 Win Rate58%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

Unique KeyEventTJXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-28.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven39.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven189 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven246 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-25.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven34.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven200 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-50.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven100.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven281 days1480 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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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.

Better Bets than TJX Companies (TJX)

Latest Trefis Analyses

Trade Ideas

Select past trade ideas related to TJX and Apparel Retail.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | 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%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | 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%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | 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%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | 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%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort 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%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | 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%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | 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%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | 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%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | 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%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort 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.

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for TJX Companies

Financials

TJXROSTTGTMKSSBRIAMedian
NameTJX Comp.Ross Sto.Target Macy's Kohl's BrilliA  
Mkt Price143.11152.2688.9618.3016.512.1353.63
Mkt Cap159.649.240.45.01.8-40.4
Rev LTM57,92521,498105,64022,70215,886-22,702
Op Inc LTM6,4762,5805,424849521-2,580
FCF LTM4,0411,6792,944603480-1,679
FCF 3Y Avg4,3581,7973,282406543-1,797
CFO LTM5,9352,4746,3861,396907-2,474
CFO 3Y Avg6,1452,5657,4701,3831,050-2,565

Growth & Margins

TJXROSTTGTMKSSBRIAMedian
NameTJX Comp.Ross Sto.Target Macy's Kohl's BrilliA  
Rev Chg LTM4.1%1.9%-1.5%-3.4%-7.2%--1.5%
Rev Chg 3Y Avg5.3%5.2%-0.7%-4.5%-5.6%--0.7%
Rev Chg Q6.9%4.6%-0.9%-1.9%-5.0%--0.9%
QoQ Delta Rev Chg LTM1.6%1.1%-0.2%-0.4%-1.2%--0.2%
Op Mgn LTM11.2%12.0%5.1%3.7%3.3%-5.1%
Op Mgn 3Y Avg10.7%11.5%5.1%4.6%2.7%-5.1%
QoQ Delta Op Mgn LTM0.2%-0.2%-0.3%-0.1%0.0%--0.1%
CFO/Rev LTM10.2%11.5%6.0%6.1%5.7%-6.1%
CFO/Rev 3Y Avg11.2%12.5%7.0%5.9%6.2%-7.0%
FCF/Rev LTM7.0%7.8%2.8%2.7%3.0%-3.0%
FCF/Rev 3Y Avg8.0%8.8%3.1%1.7%3.2%-3.2%

Valuation

TJXROSTTGTMKSSBRIAMedian
NameTJX Comp.Ross Sto.Target Macy's Kohl's BrilliA  
Mkt Cap159.649.240.45.01.8-40.4
P/S2.82.30.40.20.1-0.4
P/EBIT23.817.77.36.63.3-7.3
P/E32.123.810.310.08.9-10.3
P/CFO26.919.96.33.62.0-6.3
Total Yield4.2%5.2%14.8%13.9%18.8%-13.9%
Dividend Yield1.1%1.0%5.1%3.9%7.5%-3.9%
FCF Yield 3Y Avg3.7%4.3%5.6%10.6%31.9%-5.6%
D/E0.10.10.51.13.7-0.5
Net D/E0.10.00.40.93.6-0.4

Returns

TJXROSTTGTMKSSBRIAMedian
NameTJX Comp.Ross Sto.Target Macy's Kohl's BrilliA  
1M Rtn2.8%1.1%-4.5%6.7%-0.4%-23.3%0.4%
3M Rtn14.7%16.7%-11.5%48.6%84.4%-3.6%15.7%
6M Rtn20.9%19.7%-3.6%73.2%147.6%-0.1%20.3%
12M Rtn26.4%5.8%-39.6%21.8%-9.8%-5.8%
3Y Rtn131.2%81.2%-35.6%19.4%-22.4%-19.4%
1M Excs Rtn-1.2%-2.9%-8.5%2.8%-4.4%-27.3%-3.6%
3M Excs Rtn6.3%7.8%-20.1%39.3%74.9%-12.2%7.1%
6M Excs Rtn-14.9%-15.3%-37.8%32.3%102.3%-20.5%-15.1%
12M Excs Rtn6.4%-13.8%-56.6%7.3%-27.3%--13.8%
3Y Excs Rtn58.4%2.1%-120.5%-53.7%-102.3%--53.7%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Marmaxx33,41330,54529,48319,36325,665
HomeGoods8,9908,2648,9956,0966,356
TJX International6,7686,2155,7293,8425,665
TJX Canada5,0464,9124,3432,8364,031
Total54,21749,93648,55032,13741,717


Operating Income by Segment
$ Mil20252024202320222021
Marmaxx4,5973,8833,8138913,470
HomeGoods861522907510681
TJX Canada715690485124516
TJX International332347161-504307
General corporate expense-708-582-611-439-557
Total5,7974,8604,7555824,416


Assets by Segment
$ Mil20252024202320222021
Marmaxx12,99312,17011,22910,22011,163
Corporate6,6896,5117,29311,3174,023
TJX International4,1544,0754,2814,3894,284
HomeGoods3,8283,5903,4612,8512,785
TJX Canada2,0832,0032,1972,0351,890
Total29,74728,34928,46130,81424,145


Price Behavior

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity15,684,755
Short Interest: % Change Since 83120256.9%
Average Daily Volume4,737,679
Days-to-Cover Short Interest3.31
Basic Shares Quantity1,115,000,000
Short % of Basic Shares1.4%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/20/20252.7%1.5%3.9%
5/21/2025-2.9%-6.5%-8.5%
2/26/20251.8%-0.8%-2.4%
11/20/20240.2%5.6%1.4%
8/21/20246.1%6.0%4.4%
5/22/20243.5%3.8%13.6%
2/28/20240.6%-3.1%0.6%
11/15/2023-3.3%-3.7%-2.8%
...
SUMMARY STATS   
# Positive171214
# Negative71210
Median Positive3.5%5.4%4.1%
Median Negative-3.3%-3.4%-6.5%
Max Positive7.2%8.9%13.6%
Max Negative-5.4%-7.5%-26.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025829202510-Q 8/2/2025
4302025530202510-Q 5/3/2025
1312025402202510-K 2/1/2025
103120241204202410-Q 11/2/2024
7312024830202410-Q 8/3/2024
4302024531202410-Q 5/4/2024
1312024403202410-K 2/3/2024
103120231129202310-Q 10/28/2023
7312023825202310-Q 7/29/2023
4302023526202310-Q 4/29/2023
1312023329202310-K 1/28/2023
103120221129202210-Q 10/29/2022
7312022826202210-Q 7/30/2022
4302022527202210-Q 4/30/2022
1312022330202210-K 1/29/2022
103120211130202110-Q 10/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Benjamin PeterSEVP, Group President9092025Sell139.231,500208,84521,003,542Form
1Nemerov Jackwyn 9032025Sell138.001,192164,496132,066Form
2LANE AMY B 6042025Sell128.09950121,6892,909,253Form
3Benjamin PeterSEVP, Group President5232025Sell129.774,123535,04219,771,108Form
4Herrman ErnieCEO & President3242025Sell116.5415,0001,748,05854,677,972Form