TJX vs VSXY: TJX Companies and Victoria's Secret & Co. compared
TJX Companies is the larger company, worth $149.0B, about 17.2 times Victoria's Secret & Co..
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- TJX Companies is the larger company, worth $149.0B, about 17.2 times Victoria's Secret & Co..
- Victoria's Secret & Co. grew revenue faster over the last year (+10.3% vs +7.7%).
- On earnings, Victoria's Secret & Co. is the cheaper stock (24.1x vs 25.1x).
- TJX Companies's price assumes faster free cash flow growth: about 10% a year, against 9% for Victoria's Secret & Co. (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | TJX | VSXY |
|---|---|---|
| Market cap | $149.0B | $8.6B |
| Share price | $135.30 | $108.05 |
| Revenue (last fiscal year) | $60.4B | $6.6B |
| Free cash flow (last fiscal year) | $4.9B | $312M |
| Revenue growth, last year | +7.7% | +10.3% |
| Revenue growth per year, last 5 fiscal years | +5.6% | -0.9% |
| Operating margin | — | 7.9% |
| Net margin | 9.7% | 5.5% |
| Return on equity | 57.0% | 38.2% |
| P/E (trailing) | 25.1x | 24.1x |
| Price / free cash flow | 25.4x | 15.6x |
| EV / EBITDA | 15.6x | 11.8x |
| FCF growth the price implies | 10.4% | 9.3% |
| Dividend yield | 1.3% | — |
| Debt / equity | 0.27x | 0.98x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
TJX Companies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $48.5B | $2.0B | — |
| 2023 | $49.9B | $2.6B | — |
| 2024 | $54.2B | $4.3B | — |
| 2025 | $56.4B | $4.2B | — |
| 2026 | $60.4B | $4.9B | — |
Victoria's Secret & Co.
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $6.8B | $682M | 12.8% |
| 2023 | $6.3B | $273M | 7.5% |
| 2024 | $6.2B | $133M | 4.0% |
| 2025 | $6.2B | $247M | 5.0% |
| 2026 | $6.6B | $312M | 4.1% |
Where the revenue comes from
TJX Companies · by segments, 2026
Victoria's Secret & Co. · by regions, 2026
Questions
Which is bigger, TJX Companies or Victoria's Secret & Co.?
TJX Companies (TJX), at $149.0B against $8.6B.
Is TJX or VSXY cheaper?
By trailing P/E, Victoria's Secret & Co. (24.1x) is cheaper than TJX Companies (25.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, TJX or VSXY?
Victoria's Secret & Co.: revenue grew +10.3% over the last year, against +7.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.