Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

TJX Companies

TJX stock analysis · Consumer Discretionary · Apparel Retail

FY 2026-01-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$151.50HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$167.4B

Price × SEC outstanding shares. Shares measured 2026-05-22. Approximate; share and price dates can differ.

View share-count filing ↗
Derived operating income

Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Net sales less cost of sales and SG&A, equivalently pretax income less the only nonoperating line, net interest income. Applies only to the two recorded fiscal periods; source history can contain later restatements. Read the financial statement ↗

Valuation

DCF value

$67.60

Equity cash-flow scenario · SEC outstanding shares at 2026-05-22 · -55.4% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

25.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-19.6%

43 sector peers · median 24.5×

How this is calculated ↗
Valuation

Historical multiples

30.5×

7 annual observations · snapshot P/E 30.5× · 0.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

88.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

26/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

12.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.4%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-4.1%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.9B2021-01-30: cfo $4,562,000,000.002021-01-30: capex $568,000,000.0020212022-01-29: cfo $3,057,000,000.002022-01-29: capex $1,045,000,000.0020222023-01-28: cfo $4,084,000,000.002023-01-28: capex $1,457,000,000.0020232024-02-03: cfo $6,057,000,000.002024-02-03: capex $1,722,000,000.0020242025-02-01: cfo $6,116,000,000.002025-02-01: capex $1,918,000,000.0020252026-01-31: cfo $6,874,000,000.002026-01-31: capex $1,957,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$84.79$92.52$100.82
10.0%$62.14$67.60$73.47
12.0%$49.02$53.19$57.67

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-01-3160.4B5.5B6.9B2B35.8B
2025-02-0156.4B4.9B6.1B1.9B31.7B
2024-02-0354.2B4.5B6.1B1.7B29.7B
2023-01-2849.9B3.5B4.1B1.5B28.3B
2022-01-2948.6B3.3B3.1B1B28.5B
2021-01-3032.1B90M4.6B568M30.8B
2020-02-0141.7B3.3B4.1B1.2B24.1B
2019-02-0239B3.1B4.1B1.1B14.3B
2018-02-0335.9B2.6B3B1.1B14.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue60.4BRevenueFromContractWithCustomerIncludingAssessedTax2026-03-31
netIncome5.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-31
Parent/common earnings proxy5.5BNetIncomeLoss2026-03-31
cfo6.9BNetCashProvidedByUsedInOperatingActivities2026-03-31
capex2BPaymentsToAcquirePropertyPlantAndEquipment2026-03-31
operatingIncome7.2BReviewed manual correction
Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Net sales less cost of sales and SG&A, equivalently pretax income less the only nonoperating line, net interest income. Applies only to the two recorded fiscal periods; source history can contain later restatements.
2026-03-31
assets35.8BAssets2026-03-31
equity10.2BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-31
Parent book equity proxy10.2BStockholdersEquity2026-03-31
debt2.9BLongTermDebtCurrent + LongTermDebtNoncurrent2026-03-31
shortDebtNot reported under a supported tag
cash6.2BCashAndCashEquivalentsAtCarryingValue2026-03-31
shares1.1BWeightedAverageNumberOfDilutedSharesOutstanding2026-03-31
dividends1.8BPaymentsOfDividendsCommonStock2026-03-31
buybacks2.5BPaymentsForRepurchaseOfCommonStock2026-03-31
issuance311MProceedsFromIssuanceOfCommonStock2026-03-31