HOME DEPOT, INC. vs THE TJX COMPANIES, INC., two Retail stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Growth is the number that is not on the page, so the margins and returns have to carry the comparison. Home Depot keeps 8% of sales as net income and TJX keeps 9%, close enough, but the capital efficiency diverges sharply: TJX earns 16% on assets to Home Depot's 13%, and Home Depot's headline 101% return on equity reads less like superior economics than like an equity base thinned by years of buybacks. The market prices the off-price model higher, near 33 times earnings to Home Depot's 23, an unusual inversion given Home Depot is the larger, higher-yielding name (a 2.8% dividend to TJX's 1%). Home Depot also converts more price into free cash, 4.4% against 2.9%. You are paying up for TJX's reinvestment runway and discounting Home Depot's scale.
Comparison updated 2026-06-15.
| Metric | HD | TJX |
|---|---|---|
| Price | $343.37 | $151.27 |
| Market cap | $342.0B | $169.4B |
| Sector | Retail | Retail |
| Stage | Mature | Mature |
| Implied growth (priced in) | +6.7% | — |
| P/E | 24.4 | 29.4 |
| P/B | 24.65 | 16.29 |
| P/S | 2.05 | 2.75 |
| EV/EBITDA | 14.2 | 129.5 |
| Revenue growth | +2.2% | +8.1% |
| Gross margin | 33.0% | — |
| Operating margin | 11.9% | — |
| Net margin | 8.4% | 9.4% |
| Return on equity | 101.0% | 55.7% |
| Return on assets | 13.0% | 16.0% |
| Return on invested capital | 89.7% | — |
| FCF yield | 4.2% | 3.2% |
| Dividend yield | 2.7% | 1.1% |
| Debt / equity | 0.25 | 0.28 |
| Current ratio | 1.04 | 1.14 |
| Altman Z (solvency) | 5.14 | 8.14 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.