The TJX Companies, Inc. (TJX) FCF Payout Ratio: 36.05%
Is The TJX Companies, Inc.’s FCF payout ratio high or low?
The TJX Companies, Inc.'s FCF payout ratio of 36.05% is in line with its 5-year average of 38.51%, around the middle of its 5-year range (6.96%–62.20%).
The FCF payout ratio for The TJX Companies, Inc. (TJX) is 36.05%. It is below its 12-month average by 6.02% (38.36%).
TJX FCF Payout Ratio Chart
TJX Average FCF Payout Ratio Chart
TJX Current vs Average FCF Payout Ratio Chart
TJX FCF Payout Ratio Metrics
FCF PAYOUT RATIO
36.05%
FCF PAYOUT RATIO AVG TTM
38.36%
FCF PAYOUT RATIO AVG 3Y
40.48%
FCF PAYOUT RATIO AVG 5Y
38.51%
FCF PAYOUT RATIO AVG 10Y
35.48%
FCF PAYOUT RATIO AVG 15Y
30.93%
FCF PAYOUT RATIO AVG 20Y
27.89%
CURRENT VS TTM AVG
-6.02%
CURRENT VS 3Y AVG
-10.94%
CURRENT VS 5Y AVG
-6.40%
CURRENT VS 10Y AVG
+1.60%
CURRENT VS 15Y AVG
+16.54%
CURRENT VS 20Y AVG
+29.26%
Payout Ratio Comparison
FCF Payout Ratio
36.0%
Earnings Payout Ratio
35.9%
Dividend Yield
1.06%
FCF Yield
2.97%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $4.92B | $1.84B | 37.5% |
| 2025 | $4.20B | $1.65B | 39.3% |
| 2024 | $4.33B | $1.48B | 34.2% |
| 2023 | $2.63B | $1.34B | 51.0% |
| 2022 | $2.01B | $1.25B | 62.2% |
| 2021 | $3.99B | $278.00M | 7.0% |
| 2020 | $2.84B | $1.07B | 37.7% |
| 2019 | $2.96B | $922.60M | 31.1% |
| 2018 | $1.97B | $764.04M | 38.8% |
| 2017 | $2.58B | $650.99M | 25.3% |
| 2016 | $2.07B | $544.27M | 26.3% |
| 2015 | $2.10B | $465.90M | 22.2% |
| 2014 | $1.64B | $393.75M | 24.0% |
| 2013 | $2.07B | $323.92M | 15.7% |
| 2012 | $1.11B | $275.02M | 24.7% |
| 2011 | $1.27B | $229.33M | 18.1% |
| 2010 | $1.84B | $197.66M | 10.7% |
| 2009 | $571.64M | $176.75M | 30.9% |
| 2008 | $834.12M | $151.49M | 18.2% |
| 2007 | $817.02M | $122.93M | 15.0% |
| 2006 | $662.07M | $105.25M | 15.9% |
| 2005 | $650.70M | $83.42M | 12.8% |
| 2004 | $361.46M | $68.89M | 19.1% |
| 2003 | $511.84M | $60.02M | 11.7% |
| 2002 | $463.00M | $48.29M | 10.4% |
| 2001 | $299.76M | $44.69M | 14.9% |
| 2000 | $339.40M | $42.74M | 12.6% |
| 1999 | $435.10M | $41.70M | 9.6% |
| 1998 | $214.40M | $43.50M | 20.3% |
| 1997 | $594.60M | $35.00M | 5.9% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
The TJX Companies, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The TJX Companies, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The FCF payout ratio for TJX stock is 36.05%.
- Is The TJX Companies, Inc.'s FCF payout ratio high or low?
- The TJX Companies, Inc.'s FCF payout ratio of 36.05% is in line with its 5-year average of 38.51%, around the middle of its 5-year range (6.96%–62.20%).
- What is the TTM average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The TTM average FCF payout ratio for TJX stock is 38.36%.
- What is the 3Y average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The 3Y average FCF payout ratio for TJX stock is 40.48%.
- What is the 5Y average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The 5Y average FCF payout ratio for TJX stock is 38.51%.
- What is the 10Y average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The 10Y average FCF payout ratio for TJX stock is 35.48%.
- What is the 15Y average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The 15Y average FCF payout ratio for TJX stock is 30.93%.
- What is the 20Y average FCF payout ratio for The TJX Companies, Inc. (TJX)?
- The 20Y average FCF payout ratio for TJX stock is 27.89%.
The TJX Companies, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-01-31 | 37.46% |
| 2025-01-31 | 39.26% |
| 2024-01-31 | 34.23% |
| 2023-01-31 | 50.97% |
| 2022-01-31 | 62.20% |
| 2021-01-31 | 6.96% |
| 2020-01-31 | 37.68% |
| 2019-01-31 | 31.13% |
| 2018-01-31 | 38.82% |
| 2017-01-31 | 25.26% |
| 2016-01-31 | 26.32% |
| 2015-01-31 | 22.22% |
| 2014-01-31 | 23.96% |
| 2013-01-31 | 15.67% |
| 2012-01-31 | 24.72% |
| 2011-01-31 | 18.07% |
| 2010-01-31 | 10.73% |
| 2009-01-31 | 30.92% |
| 2008-01-31 | 18.16% |
| 2007-01-31 | 15.05% |
| 2006-01-31 | 15.90% |
| 2005-01-31 | 12.82% |
| 2004-01-31 | 19.06% |
| 2003-01-31 | 11.73% |
| 2002-01-31 | 10.43% |
| 2001-01-31 | 14.91% |
| 2000-01-31 | 12.59% |
| 1999-01-31 | 9.58% |
| 1998-01-31 | 20.29% |
| 1997-01-31 | 5.89% |
About The TJX Companies, Inc.
The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children's products, and gourmet foodstuffs. Jewelry, additional accessories, and various general merchandise are also available. By the close of February 23, 2022, TJX maintained a considerable retail network across several continents. In the United States, this footprint included 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense physical stores, complemented by online portals like tjmaxx.com, marshalls.com, and sierra.com. Its Canadian presence featured 293 Winners, 147 HomeSense, and 106 Marshalls outlets. European consumers could visit 618 T.K. Maxx and 77 Homesense locations, with an e-commerce option at tkmaxx.com. Furthermore, Australia hosted 68 T.K. Maxx establishments. Established in 1962, the firm's corporate headquarters are located in Framingham, Massachusetts.
- Sector
- Consumer Cyclical
- Industry
- Apparel - Retail
- CEO
- Ernie L. Herrman