Lowe's vs TJX Companies
Add, change or remove companies; up to four.
The short version
- Lowe's is the larger business, with $86.3B of revenue in fiscal 2025 against $60.4B for TJX Companies.
- TJX Companies grew revenue faster (7.1%, against 3.1%).
- Lowe's turned more of its sales into free cash flow (8.9% FCF margin, against 8.1%).
- TJX Companies earned a higher return on the capital invested in it (87.1%, against 31.9%).
- Investors pay more for each dollar of TJX Companies’s earnings: a P/E of 26.9x against 16.8x for Lowe's.
| Latest fiscal year | LOW · FY25 | TJX · FY26 |
|---|---|---|
| Size | ||
| Market cap | $111.3B | $162.0B |
| Revenue | $86.3B | $60.4B |
| Free cash flow | $7.7B | $4.9B |
| Net income | $6.7B | $5.5B |
| Growth | ||
| Revenue growth | 3.1% | 7.1% |
| 5-year growth | −0.8% | 13.4% |
| Share count change | −1.4% | −1.2% |
| Profitability | ||
| Gross margin | 33.5% | 31.0% |
| Operating margin | 11.8% | — |
| Net margin | 7.7% | 9.1% |
| FCF margin | 8.9% | 8.1% |
| Return on capital | 31.9% | 87.1% |
| Return on equity | — | 59.1% |
| Balance sheet | ||
| Net debt | $38.9B | −$3.4B |
| Net debt / EBITDA | 3.2x | −0.4x |
| Dividends and buybacks | $2.8B | $4.4B |
| Valuation & quality | ||
| P/E | 16.8x | 26.9x |
| Piotroski F-score | 6 | 8 |
Revenue
FY17
LOW $68.6B
TJX $33.2B
FY18
LOW $71.3B
TJX $35.9B
FY19
LOW $72.1B
TJX $39.0B
FY20
LOW $89.6B
TJX $41.7B
FY21
LOW $96.3B
TJX $32.1B
FY22
LOW $97.1B
TJX $48.6B
FY23
LOW $86.4B
TJX $49.9B
FY24
LOW $83.7B
TJX $54.2B
FY25
LOW $86.3B
TJX $56.4B
FY26
LOW —
TJX $60.4B
LOW
TJX
Operating margin
FY17
LOW 9.6%
TJX 12.8%
FY18
LOW 5.6%
TJX 12.3%
FY19
LOW 8.8%
TJX 12.2%
FY20
LOW 10.8%
TJX —
FY21
LOW 12.6%
TJX —
FY22
LOW 10.5%
TJX —
FY23
LOW 13.4%
TJX —
FY24
LOW 12.5%
TJX —
FY25
LOW 11.8%
TJX —
FY26
LOW —
TJX —
LOW
TJX
Free cash flow
FY17
LOW $3.9B
TJX $2.6B
FY18
LOW $5.0B
TJX $2.0B
FY19
LOW $2.8B
TJX $3.0B
FY20
LOW $9.3B
TJX $2.8B
FY21
LOW $8.3B
TJX $4.0B
FY22
LOW $6.8B
TJX $2.0B
FY23
LOW $6.2B
TJX $2.6B
FY24
LOW $7.7B
TJX $4.3B
FY25
LOW $7.7B
TJX $4.2B
FY26
LOW —
TJX $4.9B
LOW
TJX
Return on capital
FY17
LOW 19.0%
TJX 77.9%
FY18
LOW 13.3%
TJX 80.7%
FY19
LOW 24.3%
TJX 83.5%
FY20
LOW 37.9%
TJX 72.0%
FY21
LOW 49.6%
TJX 9.0%
FY22
LOW 39.0%
TJX —
FY23
LOW 45.8%
TJX 96.7%
FY24
LOW 40.4%
TJX 103.0%
FY25
LOW 31.9%
TJX 93.9%
FY26
LOW —
TJX 87.1%
LOW
TJX
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.