# BJs Wholesale Club Holdings, Inc. Common Stock (BJ) — Stock CV

BJs Wholesale Club Holdings, Inc. 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.

> 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.

## Identity

- **Ticker**: BJ
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Variety Stores
- **Headquarters**: MARLBOROUGH, MA
- **Employees**: 35 000
- **Website**: https://www.bjs.com
- **Market cap**: $12.5B
- **Last price**: $98.83
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $50.9B
- **Net income**: $1.35B
- **Free cash flow**: $650M
- **Net debt**: $2.74B
- **P/E**: 20.9
- **Revenue growth (YoY)**: -13.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 29 |
| Profitability | 48 |
| Health | 61 |
| Quality | 75 |
| Moat | 68 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [ ] Revenue growing — -13.6% YoY
- [x] Profitable — $1.35B TTM
- [x] Profit growing — +5.1% YoY
- [x] Generates cash — $650M TTM
- [x] Debt under control — ~4.2y of cash flow to repay
- [x] Established company — $12.5B market cap
- [x] Not printing shares — -8.4% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 3.1 — safe
- [x] Valuation not extreme — P/E 20.9

## Experience (career milestones)

- **FY2026** — Best year on record: $1.49B net income
- **FY2024** — Revenue crossed $50B: $50.8B for the year
- **2021** — BJ's announced plans for its first store in Tennessee, to be located in La Vergne, a suburb of…
- **FY2018** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2018** — Revenue already above $10B: $29.0B in first reported year
- **FY2018** — Positive free cash flow every year since: 10-year streak
- **2011** — BJ's was acquired by two private equity firms, Leonard Green & Partners and CVC Capital Partners
- **1997** — Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in…
- **1989** — TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $49.0B | $1.27B | $431M |
| FY2024 | $50.8B | $1.31B | $792M |
| FY2025 | $53.0B | $1.48B | $686M |
| FY2026 | $54.9B | $1.49B | $606M |
| FY2027 | $17.5B | $459M | $140M |

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Source: https://stockcv.com/BJ — derived from company filings; may be delayed or incomplete. Information, not investment advice.