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Earnings transcript
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TJX
The TJX Companies, Inc.
$165.82
0.95
(0.58%)
| Exchange: | NYSE |
| Market Cap: | 183.182B |
| Shares Outstanding: | 1.408B |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Apparel – Retail | |||||
| CEO: | Ernie L. Herrman | |||||
| Full Time Employees: | 364000 | |||||
| Address: |
| |||||
| Website: | https://www.tjx.com |
The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children’s products, and gourmet foodstuffs. Jewelry, additional accessories, and various general merchandise are also available. By the close of February 23, 2022, TJX maintained a considerable retail network across several continents. In the United States, this footprint included 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense physical stores, complemented by online portals like tjmaxx.com, marshalls.com, and sierra.com. Its Canadian presence featured 293 Winners, 147 HomeSense, and 106 Marshalls outlets. European consumers could visit 618 T.K. Maxx and 77 Homesense locations, with an e-commerce option at tkmaxx.com. Furthermore, Australia hosted 68 T.K. Maxx establishments. Established in 1962, the firm’s corporate headquarters are located in Framingham, Massachusetts.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 54,217,000 | 56,360,000 | 60,372,000 |
| Gross Profit | 16,266,000 | 17,248,000 | 18,693,000 |
| EBITDA | 7,010,000 | 7,663,000 | 8,546,000 |
| Operating Income | 5,797,000 | 6,302,000 | 7,178,000 |
| Net Income | 4,474,000 | 4,864,000 | 5,494,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 29,747,000 | 31,749,000 | 35,767,000 |
| Total Liabilities | 22,445,000 | 23,356,000 | 24,393,000 |
| Total Stockholders Equity | 7,302,000 | 8,393,000 | 35,767,000 |
| Total Debt | 12,542,000 | 12,778,000 | 13,489,000 |
| Cash and Cash Equivalents | 5,600,000 | 5,335,000 | 6,230,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 6,057,000 | 6,116,000 | 6,813,000 |
| Capital Expenditure | -1,722,000 | -1,918,000 | -1,957,000 |
| Free Cash Flow | 4,335,000 | 4,198,000 | 4,856,000 |
| Net Income | 4,474,000 | 4,864,000 | 5,494,000 |
| Net Change in Cash | 123,000 | -265,000 | 895,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 73,098,061.281 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 75,301,069.018 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 74,240,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 7,706,225.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 7,938,473.383 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 7,826,612.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 7,717,931.676 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 8,021,728.756 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 7,875,405.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 13,977,592.422 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 14,398,844.966 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 14,195,950.525 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.790 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.660 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong financial performance in Q4 fiscal 2025, with emphasis on revenue growth, profitability, and free cash flow generation as highlighted in the earnings call summary.
- Strategic growth plans positioned to drive sustained expansion, supported by consistent operating income and net income trends across recent periods.
- Demonstrated adaptability to market conditions, reflected in resilient gross profit margins and return metrics such as ROE and ROIC.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TJX intrinsic value between $55.04 – $101.92 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about TJX valuation
Is The TJX Companies, Inc. (TJX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for The TJX Companies, Inc. (TJX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TJX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TJX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TJX’s P/E ratio?
You can see TJX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TJX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TJX a good long-term investment?
Whether TJX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TJX
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Daily snapshot
0.58
Trading Metrics:
| Open: | 165.65 | Previous Close: | 164.87 | |
| Day Low: | 163.85 | Day High: | 166.14 | |
| Year Low: | 119.84 | Year High: | 166.14 | |
| Price Avg 50: | 156.71 | Price Avg 200: | 151.2 | |
| Volume: | 460931 | Average Volume: | 5.044M |
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Login — it's freeTJX full analysis
Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about your portfolio. Today we're diving deep into TJX Companies, the off-price retail powerhouse behind T.J. Maxx, Marshalls, and HomeGoods. With shares sitting around 154 bucks and a market cap north of 171 billion, TJX has been quietly crushing it in a tough retail environment by giving shoppers incredible value on branded apparel and home goods. Let's start with the basics of what…
