Return on Equity (ROE)
since 2005
Calculation
TJX Cos. Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Feb 1, 2025 | 57.95% | = | 100 | × | 4,864) | ÷ | 8,393) |
| Feb 3, 2024 | 61.27% | = | 100 | × | 4,474) | ÷ | 7,302) |
| Jan 28, 2023 | 54.97% | = | 100 | × | 3,498) | ÷ | 6,364) |
| Jan 29, 2022 | 54.69% | = | 100 | × | 3,283) | ÷ | 6,003) |
| Jan 30, 2021 | 1.55% | = | 100 | × | 90) | ÷ | 5,833) |
| Feb 1, 2020 | 55.01% | = | 100 | × | 3,272) | ÷ | 5,948) |
| Feb 2, 2019 | 60.61% | = | 100 | × | 3,060) | ÷ | 5,049) |
| Feb 3, 2018 | 50.66% | = | 100 | × | 2,608) | ÷ | 5,148) |
| Jan 28, 2017 | 50.95% | = | 100 | × | 2,298) | ÷ | 4,511) |
| Jan 30, 2016 | 52.88% | = | 100 | × | 2,278) | ÷ | 4,307) |
| Jan 31, 2015 | 51.95% | = | 100 | × | 2,215) | ÷ | 4,264) |
| Feb 1, 2014 | 50.53% | = | 100 | × | 2,137) | ÷ | 4,230) |
| Feb 2, 2013 | 52.01% | = | 100 | × | 1,907) | ÷ | 3,666) |
| Jan 28, 2012 | 46.62% | = | 100 | × | 1,496) | ÷ | 3,209) |
| Jan 29, 2011 | 43.33% | = | 100 | × | 1,343) | ÷ | 3,100) |
| Jan 30, 2010 | 42.00% | = | 100 | × | 1,214) | ÷ | 2,889) |
| Jan 31, 2009 | 41.26% | = | 100 | × | 881) | ÷ | 2,135) |
| Jan 26, 2008 | 36.21% | = | 100 | × | 772) | ÷ | 2,131) |
| Jan 27, 2007 | 32.23% | = | 100 | × | 738) | ÷ | 2,290) |
| Jan 28, 2006 | 36.48% | = | 100 | × | 690) | ÷ | 1,893) |
| Jan 29, 2005 | 40.17% | = | 100 | × | 664) | ÷ | 1,653) |
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
- Net Income
- The net income demonstrates a general upward trajectory from 2005 through 2025, rising from $664 million to $4,864 million. Notable growth periods include the years between 2005 and 2010, where net income increased significantly from $664 million to $1,214 million. The growth trend generally continues with a peak of $3,272 million in 2020, an unexpected sharp decline to $90 million in 2021, followed by a strong recovery to $4,474 million by 2024 and further growth to $4,864 million in 2025. This sharp drop in 2021 stands out as an anomaly within an otherwise steady upward trend.
- Shareholders’ Equity
- Shareholders' equity also shows a consistent increase over the period analyzed, moving from $1,653 million in 2005 up to $8,393 million in 2025. The increase is gradual and stable with slight fluctuations, such as a minor decrease around 2008-2009, but overall the equity base expands steadily, reflecting growth in the company's net assets. Particularly strong growth phases occur after 2015, indicating potentially increased retention of earnings or additional equity financing contributing to the stronger capital base.
- Return on Equity (ROE)
- The ROE fluctuates in a range generally between 30% and 60% across the years, indicating high profitability relative to equity. From 2005 to about 2019, the ROE maintains a strong upward trajectory from 40.17% to above 60%, peaking at 60.61% in 2019. The sharp drop to 1.55% in 2021 coincides with the net income collapse in that year, followed by a rapid return to elevated levels above 50% through 2025. The high ROE values suggest effective use of equity to generate profits, notwithstanding the significant disruption in 2021.
- Overall Trends and Insights
- The data reveals a predominantly positive trend in net income and shareholders' equity over two decades, showcasing the company’s growth and strengthening financial position. High ROE values underline robust profitability, except for the anomalous year 2021 where both net income and ROE experienced dramatic declines, possibly indicating extraordinary financial or operational challenges during that period. The swift recovery afterward suggests resilience and effective managerial response to unfavorable conditions.
Comparison to Competitors
TJX Cos. Inc., ROE, long-term trends, comparison to competitors
| TJX Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Feb 1, 2025 | 57.95% | — | 222.98% | — |
| Feb 3, 2024 | 61.27% | 20.72% | 1,450.48% | — |
| Jan 28, 2023 | 54.97% | 15.07% | 1,095.07% | — |
| Jan 29, 2022 | 54.69% | -1.86% | — | — |
| Jan 30, 2021 | 1.55% | 24.13% | 390.00% | 406.05% |
| Feb 1, 2020 | 55.01% | 22.84% | — | 217.09% |
| Feb 2, 2019 | 60.61% | 18.67% | — | 63.50% |
| Feb 3, 2018 | 50.66% | 23.13% | 593.54% | 58.69% |
| Jan 28, 2017 | 50.95% | 10.95% | 183.64% | 48.07% |
| Jan 30, 2016 | 52.88% | 12.29% | 110.97% | 33.26% |
| Jan 31, 2015 | 51.95% | 4.45% | 68.06% | 27.07% |
| Feb 1, 2014 | 50.53% | -2.24% | 43.00% | 19.29% |
| Feb 2, 2013 | 52.01% | 2.81% | 25.51% | 14.14% |
| Jan 28, 2012 | 46.62% | -0.48% | 21.70% | 11.12% |
| Jan 29, 2011 | 43.33% | 8.13% | 17.67% | 11.10% |
| Jan 30, 2010 | 42.00% | 16.78% | 13.72% | 9.35% |
| Jan 31, 2009 | 41.26% | 17.16% | 12.71% | 12.16% |
| Jan 26, 2008 | 36.21% | 24.14% | 24.81% | 17.45% |
| Jan 27, 2007 | 32.23% | 39.77% | 23.02% | 19.75% |
| Jan 28, 2006 | 36.48% | 44.08% | 21.70% | 19.32% |
| Jan 29, 2005 | 40.17% | 145.93% | 20.70% | 18.86% |
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., ROE, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| TJX Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 1, 2025 | 57.95% | — |
| Feb 3, 2024 | 61.27% | 31.01% |
| Jan 28, 2023 | 54.97% | 29.39% |
| Jan 29, 2022 | 54.69% | 17.48% |
| Jan 30, 2021 | 1.55% | 35.05% |
| Feb 1, 2020 | 55.01% | 40.86% |
| Feb 2, 2019 | 60.61% | 40.77% |
| Feb 3, 2018 | 50.66% | 44.19% |
| Jan 28, 2017 | 50.95% | 38.11% |
| Jan 30, 2016 | 52.88% | 37.81% |
| Jan 31, 2015 | 51.95% | 32.09% |
| Feb 1, 2014 | 50.53% | 24.32% |
| Feb 2, 2013 | 52.01% | 19.26% |
| Jan 28, 2012 | 46.62% | 15.66% |
| Jan 29, 2011 | 43.33% | 15.30% |
| Jan 30, 2010 | 42.00% | 14.12% |
| Jan 31, 2009 | 41.26% | 14.43% |
| Jan 26, 2008 | 36.21% | 22.32% |
| Jan 27, 2007 | 32.23% | 22.78% |
| Jan 28, 2006 | 36.48% | 21.78% |
| Jan 29, 2005 | 40.17% | 21.81% |
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., ROE, long-term trends, comparison to industry (consumer discretionary)
| TJX Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 1, 2025 | 57.95% | — |
| Feb 3, 2024 | 61.27% | 28.36% |
| Jan 28, 2023 | 54.97% | 30.61% |
| Jan 29, 2022 | 54.69% | 21.65% |
| Jan 30, 2021 | 1.55% | 34.37% |
| Feb 1, 2020 | 55.01% | 25.29% |
| Feb 2, 2019 | 60.61% | 34.62% |
| Feb 3, 2018 | 50.66% | 34.33% |
| Jan 28, 2017 | 50.95% | 22.85% |
| Jan 30, 2016 | 52.88% | 28.74% |
| Jan 31, 2015 | 51.95% | 29.03% |
| Feb 1, 2014 | 50.53% | 20.60% |
| Feb 2, 2013 | 52.01% | 20.34% |
| Jan 28, 2012 | 46.62% | 21.97% |
| Jan 29, 2011 | 43.33% | 34.92% |
| Jan 30, 2010 | 42.00% | 24.34% |
| Jan 31, 2009 | 41.26% | 25.32% |
| Jan 26, 2008 | 36.21% | 1.64% |
| Jan 27, 2007 | 32.23% | 16.06% |
| Jan 28, 2006 | 36.48% | 3.84% |
| Jan 29, 2005 | 40.17% | 19.92% |
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).