Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

TJX Cos. Inc., profitability ratios

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Return on Sales
Gross profit margin 30.60% 30.00% 27.61% 28.50% 23.66% 28.46%
Operating profit margin 11.18% 10.69% 9.73% 9.79% 1.81% 10.59%
Net profit margin 8.63% 8.25% 7.00% 6.76% 0.28% 7.84%
Return on Investment
Return on equity (ROE) 57.95% 61.27% 54.97% 54.69% 1.55% 55.01%
Return on assets (ROA) 15.32% 15.04% 12.34% 11.53% 0.29% 13.55%

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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. TJX Cos. Inc. gross profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. TJX Cos. Inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. TJX Cos. Inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. TJX Cos. Inc. ROE improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025 not reaching 2023 level.
ROA A profitability ratio calculated as net income divided by total assets. TJX Cos. Inc. ROA improved from 2023 to 2024 and from 2024 to 2025.

Gross Profit Margin

TJX Cos. Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Gross earnings 17,248 16,266 13,787 13,836 7,603 11,871
Net sales 56,360 54,217 49,936 48,550 32,137 41,717
Profitability Ratio
Gross profit margin1 30.60% 30.00% 27.61% 28.50% 23.66% 28.46%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 48.85% 46.98% 43.81% 42.03% 39.57%
Home Depot Inc. 33.42% 33.38% 33.53% 33.63% 33.95% 34.09%
Lowe’s Cos. Inc. 33.32% 33.39% 33.23% 33.30% 33.01% 31.80%

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).

1 2025 Calculation
Gross profit margin = 100 × Gross earnings ÷ Net sales
= 100 × 17,248 ÷ 56,360 = 30.60%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. TJX Cos. Inc. gross profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Operating Profit Margin

TJX Cos. Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Operating income 6,302 5,797 4,860 4,755 582 4,416
Net sales 56,360 54,217 49,936 48,550 32,137 41,717
Profitability Ratio
Operating profit margin1 11.18% 10.69% 9.73% 9.79% 1.81% 10.59%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 10.75% 6.41% 2.38% 5.30% 5.93%
Home Depot Inc. 13.49% 14.21% 15.27% 15.24% 13.84% 14.37%
Lowe’s Cos. Inc. 12.51% 13.38% 10.47% 12.56% 10.77% 8.75%
Operating Profit Margin, Sector
Consumer Discretionary Distribution & Retail 11.56% 8.63% 6.44% 7.38% 8.11%
Operating Profit Margin, Industry
Consumer Discretionary 11.04% 9.12% 8.47% 8.79% 6.48%

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).

1 2025 Calculation
Operating profit margin = 100 × Operating income ÷ Net sales
= 100 × 6,302 ÷ 56,360 = 11.18%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. TJX Cos. Inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Net Profit Margin

TJX Cos. Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Net income 4,864 4,474 3,498 3,283 90 3,272
Net sales 56,360 54,217 49,936 48,550 32,137 41,717
Profitability Ratio
Net profit margin1 8.63% 8.25% 7.00% 6.76% 0.28% 7.84%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 9.29% 5.29% -0.53% 7.10% 5.53%
Home Depot Inc. 9.28% 9.92% 10.87% 10.87% 9.74% 10.20%
Lowe’s Cos. Inc. 8.31% 8.94% 6.63% 8.77% 6.51% 5.93%
Net Profit Margin, Sector
Consumer Discretionary Distribution & Retail 9.30% 6.54% 3.14% 7.21% 6.58%
Net Profit Margin, Industry
Consumer Discretionary 8.74% 7.92% 5.15% 9.20% 5.24%

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).

1 2025 Calculation
Net profit margin = 100 × Net income ÷ Net sales
= 100 × 4,864 ÷ 56,360 = 8.63%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. TJX Cos. Inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025.

Return on Equity (ROE)

TJX Cos. Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Net income 4,864 4,474 3,498 3,283 90 3,272
Shareholders’ equity 8,393 7,302 6,364 6,003 5,833 5,948
Profitability Ratio
ROE1 57.95% 61.27% 54.97% 54.69% 1.55% 55.01%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 20.72% 15.07% -1.86% 24.13% 22.84%
Home Depot Inc. 222.98% 1,450.48% 1,095.07% 390.00%
Lowe’s Cos. Inc. 406.05% 217.09%
ROE, Sector
Consumer Discretionary Distribution & Retail 31.01% 29.39% 17.48% 35.05% 40.86%
ROE, Industry
Consumer Discretionary 28.36% 30.61% 21.65% 34.37% 25.29%

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).

1 2025 Calculation
ROE = 100 × Net income ÷ Shareholders’ equity
= 100 × 4,864 ÷ 8,393 = 57.95%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. TJX Cos. Inc. ROE improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025 not reaching 2023 level.

Return on Assets (ROA)

TJX Cos. Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Net income 4,864 4,474 3,498 3,283 90 3,272
Total assets 31,749 29,747 28,349 28,461 30,814 24,145
Profitability Ratio
ROA1 15.32% 15.04% 12.34% 11.53% 0.29% 13.55%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 9.48% 5.76% -0.59% 7.93% 6.64%
Home Depot Inc. 15.40% 19.79% 22.38% 22.86% 18.23% 21.94%
Lowe’s Cos. Inc. 16.14% 18.49% 14.73% 18.91% 12.49% 10.85%
ROA, Sector
Consumer Discretionary Distribution & Retail 11.20% 8.50% 4.19% 9.17% 9.20%
ROA, Industry
Consumer Discretionary 8.18% 7.66% 4.94% 8.07% 4.42%

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).

1 2025 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 4,864 ÷ 31,749 = 15.32%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. TJX Cos. Inc. ROA improved from 2023 to 2024 and from 2024 to 2025.