TJX Companies, Inc. (The) — Earnings Quality Grade F
TJX · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 4 days, change +0 days YoY
AR growth 9.7% vs revenue growth 7.1%
Revenue 7.1%, CFFO 12.4%. Cash follows revenue
Expense Quality
Inventory 13.6% vs COGS 6.6%. Normal
CapEx growth 2.0% vs revenue 7.1%. Normal
SG&A/Gross Profit = 61.6%. Normal
Gross margin 31.0%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.25. Profits backed by cash
FCF $4.9B, FCF/NI = 0.89
Accruals ratio = -3.9%. Low accruals
Cash $6.2B covers only 46% of debt $13.5B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 1% of equity. Manageable
Debt/EBITDA = 1.6x. Healthy
Other assets 15.9% vs revenue 7.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25