BJ's Wholesale Club Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BJ's Wholesale Club Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	12,351	12,755	13,007	13,191	15,430	16,667	19,315	19,969	20,502	21,457
Cost of revenue	10,223	10,513	10,646	10,764	12,451	13,589	15,884	16,326	16,737	17,458
Gross profit	2,128	2,241	2,361	2,427	2,979	3,079	3,431	3,643	3,764	4,000
Selling, general and administrative	1,909	2,018	2,051	2,059	2,327	2,446	2,669	2,823	2,964	3,154
Operating income	216	220	303	352	642	617	738	800	772	817
Interest expense	122	163	129	96.7	65.1	45.1	37.5	58.2	42.7	31.9
Interest income	0.18	0	0
Pre-tax income	72.7	23.5	139	244	558	558	691	736	721	774
Income tax	28	-28.4	11.8	56.2	137	131	176	212	186	196
Income from continuing operations	44.7	52	127	188	421	427	514	524	534	578
Net income	44.2	50.3	127	187	421	427	513	524	534	578
EBITDA	394	384	466	509	810	798	939	1,028	1,034	1,105
EPS, basic	0.50	0.57	1.09	1.37	3.09	3.15	3.83	3.94	4.04	4.41
EPS, diluted	0.48	0.54	1.05	1.35	3.03	3.09	3.76	3.88	4.00	4.38
Shares, basic (weighted)	88.2	88.4	117	136	136	135	134	133	132	131
Shares, diluted (weighted)	90.7	92.3	121	139	139	138	136	135	134	132

Balance sheet

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	32	35	27.1	30.2	43.5	45.4	33.9	36	28.3	46.2
Receivables		191	194	206	173	174	240	235	277	253
Inventory		1,019	1,052	1,082	1,206	1,243	1,379	1,455	1,509	1,555
Other current assets		82	63.5	42	48.6	54.7	51	68.4	64.4	136
Total current assets		1,337	1,337	1,360	1,471	1,517	1,703	1,794	1,879	1,990
Property, plant and equipment		759	749	760	798	942	1,337	1,579	1,898	2,365
Lease right-of-use assets			0	2,060	2,059	2,132	2,143	2,140	2,100	1,976
Goodwill		924	924	924	924	924	1,009	1,009	1,009	1,009
Intangible assets		225	201	147	135	125	116	108	101	95.5
Other non-current assets		29.5	28.3	18.4	19.4	23.2	30.9	43.8	71.6	71.1
Total assets		3,274	3,239	5,270	5,412	5,669	6,350	6,678	7,065	7,510
Accounts payable		752	817	786	988	1,113	1,196	1,183	1,254	1,307
Accrued liabilities		83.9	77.7	70.5	132	142	129	87.8	111	113
Short-term debt		220	254	343	260	0	405	319	175	120
Total current liabilities		1,470	1,578	1,801	2,031	2,002	2,545	2,468	2,534	2,670
Long-term debt		2,493	1,546	1,337	846	749	448	398	399	399
Lease liabilities			0	1,987	1,989	2,060	2,059	2,051	2,014	1,880
Other non-current liabilities		267	280	152	181	157	194	227	211	298
Total liabilities		4,304	3,441	5,324	5,092	5,021	5,303	5,219	5,218	5,313
Total debt		2,493	1,546	1,337	846	749	448	398	399	399
Paid-in capital		2.88	742	774	826	903	959	1,006	1,079	995
Retained earnings		-1,036	-915	-716	-295	131	644	1,168	1,703	1,201
Treasury stock		0	-19.1	-86.4	-193	-389	-559	-718	-936	0
Other comprehensive income		2.4	-11.3	-26.6	-20.5	1.31	1.55	0.5	0.23	0.07
Shareholders' equity	-347	-1,030	-202	-54.3	319	648	1,047	1,459	1,847	2,198
Total equity	-347	-1,030	-202	-54.3	319	648	1,047	1,459	1,847	2,198
Total liabilities and equity		3,274	3,239	5,270	5,412	5,669	6,350	6,678	7,065	7,510
Shares outstanding		87.1	137	137	137	136	134	133	132	130

Cash flow statement

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	44.2	50.3	127	187	421	427	513	524	534	578
Depreciation and amortization	178	164	162	157	167	181	201	228	262	289
Stock-based compensation	11.8	9.1	57.7	18.8	32.2	53.8	42.6	39	47.8	47.2
Deferred income tax	-23.5	-35.6	-12.3	10.2	-9.2	-0.51	-1.94	25.6	-18.5	7.84
Change in receivables	26.5	-24.5	-3.98	-12.1	33.6	-1.23	-61	10.8	-51.6	24.8
Change in inventory	30	12.7	-33.2	-29.2	-124	-37.2	-47.5	-76.3	-54.2	-46.5
Change in payables	-29.3	36.1	64.9	-30.5	202	125	82.9	-12.4	70.2	53.9
Cash from operations	297	210	427	355	869	832	788	719	901	1,030
Capital expenditures	-115	-137	-146	-197	-218	-324	-398	-467	-588	-702
Acquisitions					0	0	-377	0	0
Cash from investing	-115	-137	-146	-175	-192	-305	-747	-455	-590	-702
Debt issued	0	548	0		0	0	67.6
Debt repaid	-65.2	-14.4	-36.2
Stock issued						18.7	8.44	2.6	18.3	5.01
Share buybacks	-1.43	-1.97	-19.1	-67.3	-106	-194	-172	-155	-220	-287
Dividends paid	-0.03	-736	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03
Cash from financing	-188	-69.6	-289	-177	-663	-525	-52.6	-262	-319	-310
Net change in cash	-5.45	2.99	-7.81	3.06	13.3	1.92	-11.5	2.13	-7.78	18
Free cash flow	183	72.6	281	158	650	508	390	252	313	328
Interest paid	127	152	153	96.9	65.3	45.1	36.6	59.1	42.5	32.2
Income taxes paid	45.7	14.8	15.8	40.4	155	118	179	199	191	164

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $93.79 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	18.2%	Gross profit / revenue.
Operating margin	3.8%	Operating income / revenue.
EBITDA margin	5.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.6%	Pre-tax income / revenue.
Net margin	2.6%	Net income / revenue.
FCF margin	1.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.9%	Cash from operations / revenue.
Effective tax rate	26.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	27.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.4%	Net income / average total assets.
Return on invested capital (ROIC)	24.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	14.3%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.3%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	5.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	5.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	3.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	4.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	6.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	5.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	6.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	8.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	6.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	9.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	5.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	7.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	14.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	9.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	3.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	4.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-5.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-12.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	19.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	28.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	47.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.73x	Current assets / current liabilities.
Quick ratio	0.11x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.01x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.18x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	5.0%	Total debt / total assets.
Liabilities / assets	72.5%	Total liabilities / total assets.
Net debt	$369.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.32x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	18.5x	Operating income / interest expense.
Working capital	-$801.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	13.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.10B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.85x	Revenue / average total assets.
Fixed asset turnover	8.81x	Revenue / average property, plant and equipment.
Inventory turnover	11.5x	Cost of revenue / average inventory.
Days inventory	32 days	365 x average inventory / cost of revenue.
Receivables turnover	73.9x	Revenue / average receivables.
Days sales outstanding	5 days	365 x average receivables / revenue.
Days payables	28 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	9 days	Days inventory + days sales outstanding - days payables.
FCF conversion	60.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	67.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.65	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$178.58	Revenue / diluted weighted shares.
FCF per share	$2.80	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.72	Cash from operations / diluted weighted shares.
Book value per share	$17.38	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$8.66	Tangible book value / shares outstanding.
Cash per share	$0.24	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	154.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$11.98B	Share price x shares outstanding.
Enterprise value	$12.35B	Market cap + total debt - cash - short-term investments.
P/E	20.1x	Market cap / net income. Only when net income is positive.
P/S	0.53x	Market cap / revenue.
P/B	5.45x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	10.9x	Market cap / tangible book value, when positive.
P/FCF	33.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.8x	Market cap / cash from operations, when positive.
EV/Sales	0.54x	Enterprise value / revenue.
EV/EBIT	14.4x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.7x	Enterprise value / EBITDA, when both are positive.
EV/FCF	34.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.0%	Free cash flow / market cap.
Earnings yield	5.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	4.6%	(Dividends paid + share buybacks) / market cap.
PEG	3.86x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was BJ's Wholesale Club Holdings, Inc.'s revenue in fiscal 2025?

BJ's Wholesale Club Holdings, Inc. reported revenue of $21.46B for fiscal 2025, 4.7% higher than the year before.

Was BJ's Wholesale Club Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $578.4M, a net margin of 2.7%.

How much free cash flow did BJ's Wholesale Club Holdings, Inc. generate in fiscal 2025?

Cash from operations of $1.03B minus capital expenditures of $702.0M left free cash flow of $328.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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