BJ's Wholesale Club, founded in 1984, operates a membership-based warehouse club model primarily along the US East Coast, with roughly 260 clubs and a growing domestic presence across 21 states. In fiscal 2025, the company generated over $21 billion in revenue.
It is a $12.5B consumer company. Revenue shrank 13.6% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~4.2 years of free cash flow. It trades at 20.9× earnings — around the middle of its own history.
- Website
- bjs.com
- Location
- Marlborough, MA
- Employees
- 35 000
- Sector
- Consumer Cyclical
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Growth and Profitability lag behind.
Valuation77
- P/E vs own history46th pct · 12/25
- FCF yield5.2% · 20/25
- P/S0.5x · 25/25
- EV/EBITDA11.3x · 20/25
Growth29
- Revenue CAGR6.5% · 12/25
- Net income CAGR7.9% · 12/25
- EPS CAGR ~5Y-15.7% · 0/25
- Fwd implied growth0.3% · 5/25
Profitability48
- ROIC9.3% · 12/25
- ROE27.4% · 25/25
- Net margin2.7% · 6/25
- Operating margin3.8% · 5/25
Health61
- Altman Z3.12 · 25/25
- Current ratio0.73 · 6/25
- Interest coverage19.3x · 25/25
- Net cash / debtD/A 34% · 5/25
Quality75
- Piotroski F4/9 · 10/25
- Beneish M-4.41 · 25/25
- FCF conversion57% · 15/25
- Margin stabilityσ 0.6% · 25/25
Moat68
- ROIC >12% years9/10 yrs · 25/25
- Median gross margin18.4% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 0.7% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$1.49B net income
- FY2024FinancialRevenue crossed $50B$50.8B for the year
- 2021ProductBJ's announced plans for its first store in Tennessee, to be located in La Vergne, a suburb of…
- FY2018FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2018FinancialRevenue already above $10B$29.0B in first reported year
- FY2018FinancialPositive free cash flow every year since10-year streak
- 2011AcquisitionBJ's was acquired by two private equity firms, Leonard Green & Partners and CVC Capital Partners
- 1997MilestoneWaban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in…
- 1989MilestoneTJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 19.3× by operating earnings
- Altman Z-Score 3.12 — low bankruptcy-risk zone
Watch-outs
- Revenue shrinking 13.6% year over year
- Net debt would take ~8.4 years of free cash flow to repay
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-13.6% YoY
- Profitable — makes more than it spends$1.35B TTM
- Profit growing — earnings are higher than last year+5.1% YoY
- Generates cash — cash left after running and investing$650M TTM
- Debt under control — could handle its obligations~4.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$12.5B market cap
- Not printing shares — share count not ballooning — you keep your slice-8.4% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.1 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 20.9
Peer comparisonBJs Wholesale Club Holdings, Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| BJ this company | $12.5B | 20.9 | -13.6% | 2.7% | Solid |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: BJ vs AMZN · BJ vs TSLA · BJ vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2018–FY2027. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/BJ
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Deeper analysis of BJ on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $98.83 · market cap $12.5B.