Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

TJX Cos. Inc., net profit margin, long-term trends, calculation

Microsoft Excel

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.


Comparison to Competitors


Comparison to Sector (Consumer Discretionary Distribution & Retail)

TJX Cos. Inc., net profit margin, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

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)