Gap vs TJX Companies
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The short version
- TJX Companies is the larger business, with $60.4B of revenue in fiscal 2026 against $15.4B for Gap, about 3.9 times as much.
- TJX Companies grew revenue faster (7.1%, against 1.9%).
- TJX Companies turned more of its sales into free cash flow (8.1% FCF margin, against 5.4%).
- TJX Companies earned a higher return on the capital invested in it (87.1%, against 36.1%).
- Investors pay more for each dollar of TJX Companies’s earnings: a P/E of 26.9x against 6.7x for Gap.
| Latest fiscal year | GAP · FY25 | TJX · FY26 |
|---|---|---|
| Size | ||
| Market cap | $8.1B | $162.0B |
| Revenue | $15.4B | $60.4B |
| Free cash flow | $823M | $4.9B |
| Net income | $816M | $5.5B |
| Growth | ||
| Revenue growth | 1.9% | 7.1% |
| 5-year growth | 2.2% | 13.4% |
| Share count change | 0.0% | −1.2% |
| Profitability | ||
| Gross margin | 40.8% | 31.0% |
| Operating margin | 7.3% | — |
| Net margin | 5.3% | 9.1% |
| FCF margin | 5.4% | 8.1% |
| Return on capital | 36.1% | 87.1% |
| Return on equity | 23.1% | 59.1% |
| Balance sheet | ||
| Net debt | −$1.5B | −$3.4B |
| Net debt / EBITDA | −0.9x | −0.4x |
| Dividends and buybacks | $402M | $4.4B |
| Valuation & quality | ||
| P/E | 6.7x | 26.9x |
| Piotroski F-score | 6 | 8 |
Revenue
FY17
GAP $15.9B
TJX $33.2B
FY18
GAP $16.6B
TJX $35.9B
FY19
GAP $16.4B
TJX $39.0B
FY20
GAP $13.8B
TJX $41.7B
FY21
GAP $16.7B
TJX $32.1B
FY22
GAP $15.6B
TJX $48.6B
FY23
GAP $14.9B
TJX $49.9B
FY24
GAP $15.1B
TJX $54.2B
FY25
GAP $15.4B
TJX $56.4B
FY26
GAP —
TJX $60.4B
GAP
TJX
Operating margin
FY17
GAP 9.3%
TJX 12.8%
FY18
GAP 8.2%
TJX 12.3%
FY19
GAP 3.5%
TJX 12.2%
FY20
GAP −6.3%
TJX —
FY21
GAP 4.9%
TJX —
FY22
GAP −0.4%
TJX —
FY23
GAP 3.8%
TJX —
FY24
GAP 7.4%
TJX —
FY25
GAP 7.3%
TJX —
FY26
GAP —
TJX —
GAP
TJX
Free cash flow
FY17
GAP $649M
TJX $2.6B
FY18
GAP $676M
TJX $2.0B
FY19
GAP $709M
TJX $3.0B
FY20
GAP −$155M
TJX $2.8B
FY21
GAP $115M
TJX $4.0B
FY22
GAP −$78.0M
TJX $2.0B
FY23
GAP $1.1B
TJX $2.6B
FY24
GAP $1.0B
TJX $4.3B
FY25
GAP $823M
TJX $4.2B
FY26
GAP —
TJX $4.9B
GAP
TJX
Return on capital
FY17
GAP 34.8%
TJX 77.9%
FY18
GAP 34.2%
TJX 80.7%
FY19
GAP 12.0%
TJX 83.5%
FY20
GAP −25.5%
TJX 72.0%
FY21
GAP 22.3%
TJX 9.0%
FY22
GAP −1.9%
TJX —
FY23
GAP 21.5%
TJX 96.7%
FY24
GAP 37.7%
TJX 103.0%
FY25
GAP 36.1%
TJX 93.9%
FY26
GAP —
TJX 87.1%
GAP
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.