The TJX Companies, Inc. (TJX) Income Statement Analysis

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Complete financial analysis of The TJX Companies, Inc. (TJX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The TJX Companies, Inc., a leading company in the Apparel – Retail industry within the Consumer Cyclical sector.

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The TJX Companies, Inc. (TJX)

Industry: Apparel - Retail

Sector: Consumer Cyclical

Website: https://www.tjx.com

About The TJX Companies, Inc.

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.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Revenue	54.22B	49.94B	48.55B	32.14B	41.72B	38.97B	35.86B	33.18B	30.94B	29.08B	27.42B	25.88B	23.19B	21.94B	20.29B	19.00B	18.65B	17.40B	16.06B	14.91B	13.33B	11.98B	10.71B	9.58B	8.80B	7.95B	7.39B	6.69B	4.45B	3.84B	3.63B	3.26B	2.76B	2.45B	2.15B	1.92B	1.64B	1.39B
Cost of Revenue	37.95B	36.15B	34.71B	24.53B	29.85B	27.83B	25.50B	23.57B	22.03B	20.78B	19.61B	18.52B	16.85B	16.04B	14.97B	14.39B	14.08B	13.21B	12.30B	11.37B	10.08B	9.08B	8.12B	7.01B	6.42B	5.82B	5.55B	5.07B	3.34B	2.85B	2.66B	2.41B	2.06B	1.83B	1.60B	1.76B	1.50B	1.27B
Gross Profit	16.27B	13.79B	13.84B	7.60B	11.87B	11.14B	10.36B	9.62B	8.91B	8.30B	7.82B	7.36B	6.34B	5.90B	5.32B	4.60B	4.56B	4.19B	3.76B	3.54B	3.25B	2.90B	2.59B	2.57B	2.38B	2.13B	1.84B	1.62B	1.10B	992.20M	971.40M	856.20M	696.90M	619.20M	546.40M	163.80M	148.50M	124.50M
Gross Profit Ratio	30.00%	27.61%	28.50%	23.66%	28.46%	28.59%	28.89%	28.98%	28.79%	28.55%	28.51%	28.43%	27.33%	26.90%	26.22%	24.24%	24.48%	24.08%	23.43%	23.75%	24.39%	24.22%	24.15%	26.79%	27.02%	26.77%	24.87%	24.18%	24.82%	25.82%	26.79%	26.25%	25.27%	25.31%	25.43%	8.53%	9.03%	8.93%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	13.40B	8.42B	8.58B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	-2.93B	507.00M	506.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	10.47B	8.93B	9.08B	7.02B	7.45B	6.92B	6.38B	5.77B	5.21B	4.70B	4.47B	4.25B	3.89B	3.71B	3.33B	3.14B	3.32B	2.93B	2.72B	2.44B	2.16B	1.94B	1.69B	1.50B	1.35B	1.29B	1.19B	1.09B	830.00M	748.00M	674.10M	593.90M	491.60M	421.60M	355.60M	12.00M	0.00	0.00
Other Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.55M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	175.78M	160.39M	136.50M	124.90M	126.80M	85.90M	76.50M	67.50M	62.90M	56.80M	48.50M	41.90M	36.40M	23.80M	19.10M
Operating Expenses	10.47B	8.93B	9.08B	7.02B	7.45B	6.92B	6.38B	5.77B	5.21B	4.70B	4.47B	4.25B	3.89B	3.71B	3.33B	3.14B	3.32B	2.93B	2.72B	2.44B	2.16B	1.94B	1.69B	1.68B	1.52B	1.42B	1.31B	1.21B	915.90M	824.50M	741.60M	656.80M	548.40M	470.10M	397.50M	48.40M	23.80M	19.10M
Cost & Expenses	48.42B	45.08B	43.80B	31.55B	37.30B	34.75B	31.88B	29.33B	27.24B	25.47B	24.07B	22.77B	20.74B	19.75B	18.30B	17.53B	17.41B	16.14B	15.02B	13.81B	12.23B	11.02B	9.81B	8.69B	7.93B	7.24B	6.86B	6.29B	4.26B	3.68B	3.40B	3.06B	2.61B	2.30B	2.00B	1.81B	1.52B	1.29B
Interest Income	249.00M	78.00M	4.44M	12.92M	49.06M	55.98M	32.71M	18.14M	13.87M	15.59M	15.01M	11.66M	11.04M	49.01M	9.77M	22.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	79.00M	84.00M	115.08M	180.73M	10.03M	8.86M	31.59M	43.53M	46.40M	39.79M	31.08M	29.18M	46.68M	39.14M	39.50M	14.29M	0.00	15.57M	29.63M	25.76M	27.25M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	964.00M	887.00M	868.00M	870.76M	867.30M	819.66M	725.96M	658.80M	616.70M	589.00M	548.80M	508.90M	485.70M	458.10M	435.20M	452.94M	426.77M	422.91M	405.48M	288.44M	248.59M	207.88M	204.08M	175.78M	160.39M	136.50M	124.90M	126.80M	85.90M	76.50M	67.50M	62.90M	56.80M	48.50M	41.90M	36.40M	23.80M	19.10M
EBITDA	7.01B	5.97B	5.62B	1.15B	5.28B	5.04B	4.71B	4.51B	4.32B	4.20B	3.90B	3.64B	2.95B	2.68B	2.44B	1.89B	1.67B	1.69B	1.44B	1.39B	1.34B	1.17B	1.10B	1.06B	1.02B	842.20M	651.60M	530.30M	241.20M	244.20M	297.30M	262.30M	205.30M	197.60M	190.80M	151.80M	148.50M	124.50M
EBITDA Ratio	12.93%	11.95%	11.58%	4.52%	12.67%	13.01%	13.14%	13.59%	13.96%	14.43%	14.22%	13.97%	12.65%	12.08%	11.96%	10.10%	8.94%	9.68%	9.00%	9.35%	10.09%	9.77%	10.31%	11.10%	11.62%	10.59%	8.82%	7.93%	6.95%	6.35%	8.20%	8.04%	7.44%	8.08%	8.48%	7.42%	9.03%	8.93%
Operating Income	5.80B	5.08B	4.75B	582.23M	4.42B	4.25B	3.99B	3.85B	3.70B	3.61B	3.35B	3.11B	2.45B	2.20B	1.99B	1.47B	1.24B	1.26B	1.04B	1.11B	1.10B	963.10M	899.69M	887.85M	861.28M	705.70M	526.70M	403.50M	188.10M	167.70M	229.80M	199.40M	148.50M	149.10M	148.90M	115.40M	124.70M	105.40M
Operating Income Ratio	10.69%	10.17%	9.79%	1.81%	10.59%	10.92%	11.12%	11.60%	11.97%	12.40%	12.22%	12.00%	10.55%	10.04%	9.81%	7.71%	6.66%	7.25%	6.47%	7.41%	8.22%	8.04%	8.40%	9.27%	9.79%	8.88%	7.13%	6.03%	4.23%	4.36%	6.34%	6.11%	5.38%	6.09%	6.93%	6.01%	7.59%	7.56%
Total Other Income/Expenses	170.00M	-224.00M	-357.32M	-492.74M	-10.03M	-81.10M	-130.84M	-126.48M	-46.40M	-56.62M	-31.08M	-29.18M	-35.65M	-39.14M	-40.27M	-14.29M	1.60M	-15.57M	-28.67M	-25.76M	-108.84M	-25.37M	-25.64M	-22.90M	-7.35M	-1.70M	-4.37M	-37.40M	-53.10M	-25.90M	-19.20M	-26.30M	-27.30M	-25.60M	-19.80M	-14.00M	-6.30M	-4.60M
Income Before Tax	5.97B	4.64B	4.40B	89.26M	4.41B	4.17B	3.86B	3.72B	3.66B	3.55B	3.32B	3.08B	2.41B	2.16B	1.95B	1.45B	1.24B	1.25B	1.01B	1.08B	1.07B	937.72M	874.04M	864.94M	853.94M	704.00M	522.30M	366.10M	108.90M	141.80M	210.60M	173.10M	121.20M	123.50M	129.10M	101.40M	118.40M	100.80M
Income Before Tax Ratio	11.01%	9.28%	9.06%	0.28%	10.56%	10.71%	10.75%	11.22%	11.82%	12.21%	12.10%	11.89%	10.40%	9.86%	9.62%	7.64%	6.66%	7.16%	6.29%	7.24%	8.02%	7.83%	8.16%	9.03%	9.71%	8.86%	7.07%	5.47%	2.45%	3.69%	5.81%	5.31%	4.39%	5.05%	6.01%	5.28%	7.20%	7.23%
Income Tax Expense	1.49B	1.14B	1.11B	-1.21M	1.13B	1.11B	1.25B	1.42B	1.38B	1.33B	1.18B	1.17B	915.32M	824.56M	738.00M	536.05M	470.94M	470.09M	318.90M	415.55M	409.96M	359.34M	333.65M	326.88M	327.12M	270.80M	215.70M	152.30M	45.30M	59.20M	83.60M	69.10M	51.10M	49.40M	53.40M	46.30M	51.70M	48.60M
Net Income	4.47B	3.50B	3.28B	90.00M	3.27B	3.06B	2.61B	2.30B	2.28B	2.22B	2.14B	1.91B	1.50B	1.34B	1.21B	880.62M	771.75M	738.04M	690.42M	664.14M	658.37M	578.39M	500.40M	538.07M	521.67M	424.20M	304.80M	363.10M	26.30M	82.60M	124.30M	102.80M	20.10M	74.10M	82.80M	-167.90M	66.70M	52.20M
Net Income Ratio	8.25%	7.00%	6.76%	0.28%	7.84%	7.85%	7.27%	6.93%	7.36%	7.62%	7.79%	7.37%	6.45%	6.12%	5.98%	4.63%	4.14%	4.24%	4.30%	4.45%	4.94%	4.83%	4.67%	5.62%	5.93%	5.34%	4.12%	5.43%	0.59%	2.15%	3.43%	3.15%	0.73%	3.03%	3.85%	-8.74%	4.06%	3.74%
EPS	3.90	3.00	2.74	0.08	2.71	2.51	2.06	1.78	1.72	1.62	1.50	1.31	1.00	0.86	0.74	0.53	0.44	0.41	0.37	0.31	0.30	0.28	0.23	0.23	0.21	0.17	0.11	0.15	0.01	0.03	0.05	0.04	0.01	0.03	-0.04	-0.09	0.04	0.07
EPS Diluted	3.86	2.97	2.70	0.07	2.67	2.43	2.02	1.73	1.67	1.58	1.47	1.27	0.97	0.83	0.71	0.50	0.42	0.39	0.35	0.30	0.29	0.25	0.23	0.23	0.21	0.16	0.11	0.13	0.01	0.03	0.05	0.04	0.01	0.03	-0.04	-0.09	0.04	0.07
Weighted Avg Shares Out	1.15B	1.17B	1.20B	1.20B	1.21B	1.22B	1.26B	1.29B	1.33B	1.37B	1.41B	1.45B	1.49B	1.56B	1.68B	1.68B	1.77B	1.82B	1.87B	1.96B	2.03B	2.14B	2.21B	2.30B	2.52B	2.54B	2.57B	2.39B	2.25B	2.32B	2.34B	2.42B	2.30B	2.20B	1.96B	1.82B	1.57B	1.41B
Weighted Avg Shares Out (Dil)	1.16B	1.18B	1.22B	1.21B	1.23B	1.26B	1.29B	1.33B	1.37B	1.41B	1.45B	1.50B	1.55B	1.63B	1.71B	1.77B	1.87B	1.92B	1.97B	2.04B	2.13B	2.22B	2.30B	2.31B	2.54B	2.68B	2.80B	2.69B	2.25B	2.32B	2.34B	2.42B	2.30B	2.20B	1.96B	1.82B	1.57B	1.41B

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