Return on Assets (ROA)
since 2005
Calculation
TJX Cos. Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Feb 1, 2025 | 15.32% | = | 100 | × | 4,864) | ÷ | 31,749) |
| Feb 3, 2024 | 15.04% | = | 100 | × | 4,474) | ÷ | 29,747) |
| Jan 28, 2023 | 12.34% | = | 100 | × | 3,498) | ÷ | 28,349) |
| Jan 29, 2022 | 11.53% | = | 100 | × | 3,283) | ÷ | 28,461) |
| Jan 30, 2021 | 0.29% | = | 100 | × | 90) | ÷ | 30,814) |
| Feb 1, 2020 | 13.55% | = | 100 | × | 3,272) | ÷ | 24,145) |
| Feb 2, 2019 | 21.36% | = | 100 | × | 3,060) | ÷ | 14,326) |
| Feb 3, 2018 | 18.55% | = | 100 | × | 2,608) | ÷ | 14,058) |
| Jan 28, 2017 | 17.84% | = | 100 | × | 2,298) | ÷ | 12,884) |
| Jan 30, 2016 | 19.81% | = | 100 | × | 2,278) | ÷ | 11,499) |
| Jan 31, 2015 | 19.91% | = | 100 | × | 2,215) | ÷ | 11,128) |
| Feb 1, 2014 | 20.95% | = | 100 | × | 2,137) | ÷ | 10,201) |
| Feb 2, 2013 | 20.05% | = | 100 | × | 1,907) | ÷ | 9,512) |
| Jan 28, 2012 | 18.07% | = | 100 | × | 1,496) | ÷ | 8,282) |
| Jan 29, 2011 | 16.85% | = | 100 | × | 1,343) | ÷ | 7,972) |
| Jan 30, 2010 | 16.26% | = | 100 | × | 1,214) | ÷ | 7,464) |
| Jan 31, 2009 | 14.25% | = | 100 | × | 881) | ÷ | 6,178) |
| Jan 26, 2008 | 11.69% | = | 100 | × | 772) | ÷ | 6,600) |
| Jan 27, 2007 | 12.13% | = | 100 | × | 738) | ÷ | 6,086) |
| Jan 28, 2006 | 12.56% | = | 100 | × | 690) | ÷ | 5,496) |
| Jan 29, 2005 | 13.09% | = | 100 | × | 664) | ÷ | 5,075) |
Based on: 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 analysis of the annual financial data reveals several noteworthy trends related to the company's net income, total assets, and return on assets (ROA) over the reported periods.
- Net Income
- There is a consistent upward trend in net income from 2005 through 2020, increasing from $664 million to a peak of $3,272 million in 2020. A notable anomaly occurs in 2021, where net income sharply declines to $90 million, before rebounding in subsequent years, reaching $4,864 million by 2025. This sharp dip in 2021 may indicate a one-time event or external factors impacting profitability during that year. Overall, the long-term trajectory is positive, demonstrating growth in profitability.
- Total Assets
- Total assets exhibit steady growth from $5,075 million in 2005 to $14,326 million in 2019. Thereafter, assets experience a significant increase, nearly doubling to $24,145 million in 2020, followed by further growth peaking at $31,749 million in 2025. The rapid expansion in total assets post-2019 suggests possible acquisitions, major investments, or asset base expansion. Despite a slight decrease noted in 2022 and 2023, the overall asset base shows robust growth.
- Return on Assets (ROA)
- The ROA displays some fluctuation over the period. Initially, it declines from 13.09% in 2005 to a low of 11.69% in 2008, then improves consistently, reaching a high of 21.36% in 2019. However, there is a precipitous drop to 0.29% in 2021, aligning with the sharp dip in net income that year, followed by a gradual recovery to 15.32% by 2025. This volatility in ROA indicates periods of varying efficiency in asset utilization, impacted notably during 2021.
In summary, the company has shown strong growth in net income and asset base over two decades, with a few significant disruptions around 2020-2021, likely reflecting external market or operational challenges. The capacity to recover ROA and net income post-2021 demonstrates resilience and an overall positive financial trajectory.
Comparison to Competitors
TJX Cos. Inc., ROA, long-term trends, comparison to competitors
| TJX Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Feb 1, 2025 | 15.32% | — | 15.40% | 16.14% |
| Feb 3, 2024 | 15.04% | 9.48% | 19.79% | 18.49% |
| Jan 28, 2023 | 12.34% | 5.76% | 22.38% | 14.73% |
| Jan 29, 2022 | 11.53% | -0.59% | 22.86% | 18.91% |
| Jan 30, 2021 | 0.29% | 7.93% | 18.23% | 12.49% |
| Feb 1, 2020 | 13.55% | 6.64% | 21.94% | 10.85% |
| Feb 2, 2019 | 21.36% | 5.14% | 25.27% | 6.71% |
| Feb 3, 2018 | 18.55% | 6.19% | 19.38% | 9.77% |
| Jan 28, 2017 | 17.84% | 2.31% | 18.52% | 8.99% |
| Jan 30, 2016 | 19.81% | 2.84% | 16.47% | 8.14% |
| Jan 31, 2015 | 19.91% | 0.91% | 15.88% | 8.48% |
| Feb 1, 2014 | 20.95% | -0.44% | 13.29% | 6.98% |
| Feb 2, 2013 | 20.05% | 0.68% | 11.04% | 6.00% |
| Jan 28, 2012 | 18.07% | -0.12% | 9.58% | 5.48% |
| Jan 29, 2011 | 16.85% | 2.50% | 8.32% | 5.96% |
| Jan 30, 2010 | 16.26% | 6.13% | 6.51% | 5.40% |
| Jan 31, 2009 | 14.25% | 6.53% | 5.49% | 6.72% |
| Jan 26, 2008 | 11.69% | 7.76% | 9.92% | 9.10% |
| Jan 27, 2007 | 12.13% | 7.34% | 11.02% | 11.18% |
| Jan 28, 2006 | 12.56% | 4.35% | 13.12% | 11.23% |
| Jan 29, 2005 | 13.09% | 9.71% | 12.85% | 10.26% |
Based on: 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., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| TJX Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 1, 2025 | 15.32% | — |
| Feb 3, 2024 | 15.04% | 11.20% |
| Jan 28, 2023 | 12.34% | 8.50% |
| Jan 29, 2022 | 11.53% | 4.19% |
| Jan 30, 2021 | 0.29% | 9.17% |
| Feb 1, 2020 | 13.55% | 9.20% |
| Feb 2, 2019 | 21.36% | 8.83% |
| Feb 3, 2018 | 18.55% | 9.65% |
| Jan 28, 2017 | 17.84% | 7.39% |
| Jan 30, 2016 | 19.81% | 8.42% |
| Jan 31, 2015 | 19.91% | 7.99% |
| Feb 1, 2014 | 20.95% | 6.94% |
| Feb 2, 2013 | 20.05% | 7.03% |
| Jan 28, 2012 | 18.07% | 6.25% |
| Jan 29, 2011 | 16.85% | 6.84% |
| Jan 30, 2010 | 16.26% | 6.80% |
| Jan 31, 2009 | 14.25% | 6.65% |
| Jan 26, 2008 | 11.69% | 9.57% |
| Jan 27, 2007 | 12.13% | 10.89% |
| Jan 28, 2006 | 12.56% | 12.01% |
| Jan 29, 2005 | 13.09% | 11.90% |
Based on: 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., ROA, long-term trends, comparison to industry (consumer discretionary)
| TJX Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 1, 2025 | 15.32% | — |
| Feb 3, 2024 | 15.04% | 8.18% |
| Jan 28, 2023 | 12.34% | 7.66% |
| Jan 29, 2022 | 11.53% | 4.94% |
| Jan 30, 2021 | 0.29% | 8.07% |
| Feb 1, 2020 | 13.55% | 4.42% |
| Feb 2, 2019 | 21.36% | 5.57% |
| Feb 3, 2018 | 18.55% | 5.96% |
| Jan 28, 2017 | 17.84% | 4.05% |
| Jan 30, 2016 | 19.81% | 5.57% |
| Jan 31, 2015 | 19.91% | 6.25% |
| Feb 1, 2014 | 20.95% | 4.75% |
| Feb 2, 2013 | 20.05% | 5.52% |
| Jan 28, 2012 | 18.07% | 5.65% |
| Jan 29, 2011 | 16.85% | 9.48% |
| Jan 30, 2010 | 16.26% | 6.05% |
| Jan 31, 2009 | 14.25% | 4.67% |
| Jan 26, 2008 | 11.69% | 0.21% |
| Jan 27, 2007 | 12.13% | 2.85% |
| Jan 28, 2006 | 12.56% | 0.60% |
| Jan 29, 2005 | 13.09% | 3.80% |
Based on: 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).