The TJX Companies Inc (TJX)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,474,000 | 3,498,000 | 3,283,000 | 90,000 | 3,272,190 |
| Revenue | US$ in thousands | 54,112,000 | 50,045,000 | 48,238,500 | 31,551,700 | 41,675,600 |
| Net profit margin | 8.27% | 6.99% | 6.81% | 0.29% | 7.85% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,474,000K ÷ $54,112,000K
= 8.27%
The net profit margin of The TJX Companies Inc has shown a fluctuating trend over the past five fiscal years, as evidenced by the figures provided.
In the most recent fiscal year, ending on February 3, 2024, the net profit margin stands at 8.27%, marking an increase from the previous year's 6.99%. This improvement indicates that the company was able to generate a higher percentage of net income from its total revenue, reflecting strong operational efficiency and profitability.
Looking back at the data, it is evident that the net profit margin has generally been on an upward trajectory since the sharp decline to 0.29% in January 30, 2021. The subsequent recovery and consistent performance suggest that the company has implemented effective strategies to enhance its bottom line and maximize profitability.
Overall, the recent increase in The TJX Companies Inc's net profit margin highlights its ability to manage costs efficiently, drive revenue growth, and deliver value to its shareholders. This positive trend bodes well for the company's financial health and sustainability in the competitive retail industry.
Peer comparison
Feb 3, 2024