Net Profit Margin
since 2005
Calculation
TJX Cos. Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 9.10% | = | 100 | × | 5,494) | ÷ | 60,372) |
| Feb 1, 2025 | 8.63% | = | 100 | × | 4,864) | ÷ | 56,360) |
| Feb 3, 2024 | 8.25% | = | 100 | × | 4,474) | ÷ | 54,217) |
| Jan 28, 2023 | 7.00% | = | 100 | × | 3,498) | ÷ | 49,936) |
| Jan 29, 2022 | 6.76% | = | 100 | × | 3,283) | ÷ | 48,550) |
| Jan 30, 2021 | 0.28% | = | 100 | × | 90) | ÷ | 32,137) |
| Feb 1, 2020 | 7.84% | = | 100 | × | 3,272) | ÷ | 41,717) |
| Feb 2, 2019 | 7.85% | = | 100 | × | 3,060) | ÷ | 38,973) |
| Feb 3, 2018 | 7.27% | = | 100 | × | 2,608) | ÷ | 35,865) |
| Jan 28, 2017 | 6.93% | = | 100 | × | 2,298) | ÷ | 33,184) |
| Jan 30, 2016 | 7.36% | = | 100 | × | 2,278) | ÷ | 30,945) |
| Jan 31, 2015 | 7.62% | = | 100 | × | 2,215) | ÷ | 29,078) |
| Feb 1, 2014 | 7.79% | = | 100 | × | 2,137) | ÷ | 27,423) |
| Feb 2, 2013 | 7.37% | = | 100 | × | 1,907) | ÷ | 25,878) |
| Jan 28, 2012 | 6.45% | = | 100 | × | 1,496) | ÷ | 23,191) |
| Jan 29, 2011 | 6.12% | = | 100 | × | 1,343) | ÷ | 21,942) |
| Jan 30, 2010 | 5.98% | = | 100 | × | 1,214) | ÷ | 20,288) |
| Jan 31, 2009 | 4.63% | = | 100 | × | 881) | ÷ | 19,000) |
| Jan 26, 2008 | 4.14% | = | 100 | × | 772) | ÷ | 18,647) |
| Jan 27, 2007 | 4.24% | = | 100 | × | 738) | ÷ | 17,405) |
| Jan 28, 2006 | 4.30% | = | 100 | × | 690) | ÷ | 16,058) |
| Jan 29, 2005 | 4.45% | = | 100 | × | 664) | ÷ | 14,913) |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in millions
The net profit margin exhibited a generally increasing trend over the period from 2005 to 2024, with some fluctuations. Initial values were in the low four percent range, but demonstrated consistent growth through 2013. A significant dip occurred in 2021, followed by a strong recovery and continued growth through 2024.
- Initial Period (2005-2008)
- From 2005 to 2008, the net profit margin experienced a slight, gradual decline, moving from 4.45% to 4.14%. This suggests that while net income and net sales both increased, the rate of increase in sales outpaced that of net income during this timeframe.
- Growth Phase (2009-2013)
- Between 2009 and 2013, a clear upward trend in net profit margin is observed. Starting at 4.63% in 2009, it rose to 7.37% in 2013. This indicates improved profitability, potentially due to enhanced operational efficiency, better cost management, or a shift in sales mix towards higher-margin products.
- Stabilization and Fluctuations (2014-2020)
- From 2014 to 2020, the net profit margin remained relatively stable, fluctuating between approximately 7.36% and 7.85%. This suggests a period of consistent profitability with minor variations likely influenced by short-term economic conditions or internal factors. The values in 2019 and 2020 were nearly identical.
- Significant Disruption and Recovery (2021-2024)
- A dramatic decrease in net profit margin occurred in 2021, falling to 0.28%. This substantial decline likely reflects significant challenges, potentially related to the economic impacts of the global pandemic. However, a strong recovery followed, with the margin increasing to 6.76% in 2022, 8.25% in 2023, and reaching 9.10% in 2024. This recovery demonstrates resilience and an ability to restore profitability despite initial setbacks.
The most recent data point for 2025 indicates a continuation of the upward trend, with the net profit margin reaching 9.10%. This suggests that the positive momentum observed in the recovery period is sustained.
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Comparison to Competitors
TJX Cos. Inc., net profit margin, long-term trends, comparison to competitors
| TJX Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Jan 31, 2026 | 9.10% | — | 8.60% | 7.71% |
| Feb 1, 2025 | 8.63% | 10.83% | 9.28% | 8.31% |
| Feb 3, 2024 | 8.25% | 9.29% | 9.92% | 8.94% |
| Jan 28, 2023 | 7.00% | 5.29% | 10.87% | 6.63% |
| Jan 29, 2022 | 6.76% | -0.53% | 10.87% | 8.77% |
| Jan 30, 2021 | 0.28% | 7.10% | 9.74% | 6.51% |
| Feb 1, 2020 | 7.84% | 5.53% | 10.20% | 5.93% |
| Feb 2, 2019 | 7.85% | 4.13% | 10.28% | 3.25% |
| Feb 3, 2018 | 7.27% | 4.33% | 8.55% | 5.02% |
| Jan 28, 2017 | 6.93% | 1.71% | 8.41% | 4.76% |
| Jan 30, 2016 | 7.36% | 1.74% | 7.92% | 4.31% |
| Jan 31, 2015 | 7.62% | 0.56% | 7.63% | 4.80% |
| Feb 1, 2014 | 7.79% | -0.27% | 6.83% | 4.28% |
| Feb 2, 2013 | 7.37% | 0.37% | 6.07% | 3.88% |
| Jan 28, 2012 | 6.45% | -0.06% | 5.52% | 3.66% |
| Jan 29, 2011 | 6.12% | 1.31% | 4.91% | 4.12% |
| Jan 30, 2010 | 5.98% | 3.37% | 4.02% | 3.78% |
| Jan 31, 2009 | 4.63% | 3.68% | 3.17% | 4.55% |
| Jan 26, 2008 | 4.14% | 3.37% | 5.68% | 5.82% |
| Jan 27, 2007 | 4.24% | 3.21% | 6.34% | 6.62% |
| Jan 28, 2006 | 4.30% | 1.77% | 7.16% | 6.41% |
| Jan 29, 2005 | 4.45% | 4.23% | 6.84% | 5.97% |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
TJX Cos. Inc., net profit margin, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| TJX Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 31, 2026 | 9.10% | — |
| Feb 1, 2025 | 8.63% | 10.26% |
| Feb 3, 2024 | 8.25% | 9.30% |
| Jan 28, 2023 | 7.00% | 6.54% |
| Jan 29, 2022 | 6.76% | 3.14% |
| Jan 30, 2021 | 0.28% | 7.21% |
| Feb 1, 2020 | 7.84% | 6.58% |
| Feb 2, 2019 | 7.85% | 5.63% |
| Feb 3, 2018 | 7.27% | 5.65% |
| Jan 28, 2017 | 6.93% | 4.42% |
| Jan 30, 2016 | 7.36% | 4.52% |
| Jan 31, 2015 | 7.62% | 4.30% |
| Feb 1, 2014 | 7.79% | 3.85% |
| Feb 2, 2013 | 7.37% | 3.85% |
| Jan 28, 2012 | 6.45% | 3.50% |
| Jan 29, 2011 | 6.12% | 3.92% |
| Jan 30, 2010 | 5.98% | 4.06% |
| Jan 31, 2009 | 4.63% | 3.83% |
| Jan 26, 2008 | 4.14% | 5.27% |
| Jan 27, 2007 | 4.24% | 5.93% |
| Jan 28, 2006 | 4.30% | 6.26% |
| Jan 29, 2005 | 4.45% | 6.17% |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Discretionary)
TJX Cos. Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| TJX Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 31, 2026 | 9.10% | — |
| Feb 1, 2025 | 8.63% | 7.84% |
| Feb 3, 2024 | 8.25% | 8.69% |
| Jan 28, 2023 | 7.00% | 7.84% |
| Jan 29, 2022 | 6.76% | 5.02% |
| Jan 30, 2021 | 0.28% | 9.12% |
| Feb 1, 2020 | 7.84% | 5.18% |
| Feb 2, 2019 | 7.85% | 5.92% |
| Feb 3, 2018 | 7.27% | 6.19% |
| Jan 28, 2017 | 6.93% | 4.38% |
| Jan 30, 2016 | 7.36% | 5.77% |
| Jan 31, 2015 | 7.62% | 6.37% |
| Feb 1, 2014 | 7.79% | 4.66% |
| Feb 2, 2013 | 7.37% | 5.29% |
| Jan 28, 2012 | 6.45% | 5.32% |
| Jan 29, 2011 | 6.12% | 8.80% |
| Jan 30, 2010 | 5.98% | 5.80% |
| Jan 31, 2009 | 4.63% | 4.94% |
| Jan 26, 2008 | 4.14% | 0.22% |
| Jan 27, 2007 | 4.24% | 3.23% |
| Jan 28, 2006 | 4.30% | 0.73% |
| Jan 29, 2005 | 4.45% | 4.49% |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).