TJX
TJX Companies
Dividend / Cash flow
★ Quality 78/100Price today
$132.08
This company value is already calculated
We know what it is worth from its audited numbers, and whether it trades above or below that today. Create your free account to see it.
See what it is worthcharlieapp.co
What this business is made of
The business
Buys the brands' leftovers and sells them as a treasure hunt.
TJX is a discount retailer: it buys excess inventory and clearance stock from well-known brands and sells it up to 60% cheaper at TJ Maxx, Marshalls, and HomeGoods. It brings in $60.4B with 1,300+ buyers tracking deals around the world. Customers keep coming back because the assortment changes every week.
The edge lies in buying scale and relationships with thousands of suppliers who need to clear out warehouses fast. Nobody buys as big or as opportunistically. It's hard to copy: it takes decades of network and a bargain-hunting culture, not an algorithm.
Revenue history
From $48.6B to $60.4B in 4 years. The business grows steadily.
Where each $100 of sales goes
Revenue $60.4B · FY2026
Of every $100 in sales, $91 goes to costs and operations; $9 is left as net profit (9% margin).
Catalysts and risks
Expansion of HomeSense and Sierra in North America, still-young formats.
Traditional online commerce leaves behind surplus stock that TJX soaks up cheaply.
International growth in Europe and Australia under the TK Maxx brand.
Thin margins: 31% gross leaves little cushion against freight costs and wages.
Depends on a steady flow of surplus inventory that can dry up in lean years.
The physical-store model demands flawless execution; a logistics stumble shows up fast.
Charlie's note
“A retailer growing 6% with a 31% gross margin and no deep moat, trading at 21x. It's a good business at a good-business price; nobody hands you operating excellence, but you're not paying for fantasy either.”
Analysis · July 2026
Want to follow TJX Companies?
We do not calculate a value here: TJX Companies does not generate cash flows you can project, and putting a number on it would be making it up. What you can do is follow it and tell us the price you care about — we will email you when it gets there.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.