TJX Companies Inc

TJX Companies maintains a conservative capital structure with a debt-to-equity ratio of 0.18, significantly lower than typical retail peers, indicating minimal leverage risk. The firm holds $6.23 billion in cash and equivalents against $1.87 billion in long-term debt, resulting in a strong net cash position. Operating cash flow stands at $6.87 billion, comfortably covering capital expenditures of $1.96 billion, which supports ongoing store expansion and maintenance without requiring external financing. The low liquidity risk assessment aligns with this robust balance sheet profile.

Profitability metrics demonstrate high efficiency, with a return on equity of 53.92% and a return on assets of 15.36%. These returns are driven by a net income of $5.49 billion on revenues of $60.37 billion, yielding a net margin of approximately 9.1%. The company’s ability to generate substantial operating cash flow relative to its asset base of $35.77 billion underscores the scalability of its off-price model.

TJX Companies Inc (TJX.O) is undergoing its first analysis, meaning there is no prior basis for computing material changes in its financial or operational metrics. Consequently, the primary activity surrounding the ticker involves significant modifications to its shareholder registry rather than shifts in fundamental performance indicators. The most notable developments are major holder changes detected in early July 2026, reflecting substantial adjustments in institutional ownership stakes as of March 31, 2026. Investor ID 587 saw its position fluctuate dramatically, with records showing a shift from 153,060 shares (valued at $2.44 million) to 2,140,407 shares (valued at $341.82 million), representing a weight increase from 0.001% to 19.73%. Conversely, another record for the same investor shows a reduction from 2,140,407 shares to 153,060 shares, indicating complex reporting or transactional activity during this period. Simultaneously, Investor ID 931 also experienced major modifications in its holdings. Data indicates an increase from 140,138 shares (valued at $22.38 million, 1.08% weight) to 846,763 shares (valued at $131.35 million, 6.31% weight). A corresponding reverse entry shows a decrease from 846,763 shares back to 140,138 shares, mirroring the volatility seen in Investor ID 587’s records. These changes were detected between July 10 and July 12, 2026. These ownership shifts are significant given that TJX Companies Inc currently has 38 top holders and is a member of one index, though it has no analyst coverage. The absence of analyst estimates and the presence of only two officers suggest that these holder modifications represent the primary source of market signal for the company at this time. Investors should monitor these registry updates as they reflect the current institutional sentiment in the absence of broader fundamental analysis.

Revenue is projected to grow 7.1% year-over-year to $60.4 billion in fiscal 2026, demonstrating strong top-line expansion.

Net income is expected to surge 13.0% to $5.5 billion, outpacing revenue growth and indicating significant operating leverage.

Free cash flow is forecast to increase 22.5% to $2.9 billion, highlighting robust cash generation capabilities.

Analysts assign a mean price target of $177.72, implying 15.2% upside from the current market price of $154.22.

The debt-to-equity ratio of 0.18 is above the cohort median of 0.40, suggesting higher relative leverage than peers.

Long-term debt remains elevated at $2.87 billion in fiscal 2026, requiring consistent cash flow to service obligations.

The current ratio of 1.14 indicates limited short-term liquidity buffer, potentially constraining operational flexibility during downturns.

Revenue $14.32B, +9,2% YoY; Operating income +28,1% YoY.

• ▍Revenue $14.32B, +9,2% YoY
• ▍Operating income +28,1% YoY
• ▍Net income +28,6% YoY
• ▍Free cash flow +29,4% YoY
• ▍Net margin 9.3%

Revenue $17.74B, +8,5% YoY; Operating income +27,4% YoY.

• ▍Revenue $17.74B, +8,5% YoY
• ▍Operating income +27,4% YoY
• ▍Net income +26,8% YoY
• ▍Free cash flow +50,6% YoY
• ▍Net margin 10.0%

Revenue $15.12B, +7,5% YoY; Operating income +11,5% YoY.

• ▍Revenue $15.12B, +7,5% YoY
• ▍Operating income +11,5% YoY
• ▍Net income +11,2% YoY
• ▍Free cash flow +5,0% YoY
• ▍Net margin 9.5%

Revenue $14.40B, +6,9% YoY; Operating income +13,9% YoY.

• ▍Revenue $14.40B, +6,9% YoY
• ▍Operating income +13,9% YoY
• ▍Net income +13,1% YoY
• ▍Free cash flow +63,0% YoY
• ▍Net margin 8.6%

Revenue $13.11B; Operating income $1.32B.

• ▍Revenue $13.11B
• ▍Operating income $1.32B
• ▍Net margin 7.9%

Revenue $16.35B; Operating income $1.85B.

• ▍Revenue $16.35B
• ▍Operating income $1.85B
• ▍Net margin 8.6%

Revenue $14.06B; Operating income $1.69B.

• ▍Revenue $14.06B
• ▍Operating income $1.69B
• ▍Net margin 9.2%

Revenue $13.47B; Operating income $1.42B.

• ▍Revenue $13.47B
• ▍Operating income $1.42B
• ▍Net margin 8.2%

Revenue $60.37B, +7,1% YoY; Operating income +13,9% YoY.

• ▍Revenue $60.37B, +7,1% YoY
• ▍Operating income +13,9% YoY
• ▍Net income +12,9% YoY
• ▍Free cash flow +22,5% YoY
• ▍Net margin 9.1%

Revenue $56.36B, +4,0% YoY; Operating income +8,7% YoY.

• ▍Revenue $56.36B, +4,0% YoY
• ▍Operating income +8,7% YoY
• ▍Net income +8,7% YoY
• ▍Free cash flow +7,6% YoY
• ▍Net margin 8.6%

Revenue $54.22B, +8,6% YoY; Operating income +24,9% YoY.

• ▍Revenue $54.22B, +8,6% YoY
• ▍Operating income +24,9% YoY
• ▍Net income +27,9% YoY
• ▍Free cash flow +40,5% YoY
• ▍Net margin 8.3%

Revenue $49.94B, +2,9% YoY; Operating income +2,9% YoY.

• ▍Revenue $49.94B, +2,9% YoY
• ▍Operating income +2,9% YoY
• ▍Net income +6,5% YoY
• ▍Free cash flow −14,3% YoY
• ▍Net margin 7.0%