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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and TJX Companies (TJX). Click either name above to swap in a different company.
TJX Companies is the larger business by last-quarter revenue ($15.1B vs $8.1B, roughly 1.9× Athene Holding Ltd.). TJX Companies runs the higher net margin — 9.5% vs 6.4%, a 3.1% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 7.5%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs -4.0%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.
ATHS vs TJX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $15.1B |
| Net Profit | $523.0M | $1.4B |
| Gross Margin | — | 32.6% |
| Operating Margin | 16.9% | — |
| Net Margin | 6.4% | 9.5% |
| Revenue YoY | 115.1% | 7.5% |
| Net Profit YoY | -48.5% | 11.2% |
| EPS (diluted) | — | $1.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $15.1B | ||
| Q3 25 | $8.0B | $14.4B | ||
| Q2 25 | $5.4B | $13.1B | ||
| Q1 25 | $4.2B | $16.4B | ||
| Q4 24 | $3.8B | $14.1B | ||
| Q3 24 | $6.5B | $13.5B | ||
| Q2 24 | $4.7B | $12.5B | ||
| Q1 24 | $5.7B | $16.4B |
| Q4 25 | $523.0M | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $464.0M | $1.0B | ||
| Q1 25 | $465.0M | $1.4B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $625.0M | $1.1B | ||
| Q2 24 | $629.0M | $1.1B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 29.5% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 30.0% | ||
| Q1 24 | — | 29.8% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 22.3% | 11.6% | ||
| Q4 24 | 30.4% | 12.3% | ||
| Q3 24 | 25.7% | 10.9% | ||
| Q2 24 | 22.0% | 11.1% | ||
| Q1 24 | 31.1% | 11.2% |
| Q4 25 | 6.4% | 9.5% | ||
| Q3 25 | 15.7% | 8.6% | ||
| Q2 25 | 8.7% | 7.9% | ||
| Q1 25 | 11.1% | 8.6% | ||
| Q4 24 | 26.8% | 9.2% | ||
| Q3 24 | 9.6% | 8.2% | ||
| Q2 24 | 13.5% | 8.6% | ||
| Q1 24 | 20.8% | 8.5% |
| Q4 25 | — | $1.28 | ||
| Q3 25 | — | $1.10 | ||
| Q2 25 | — | $0.92 | ||
| Q1 25 | — | $1.23 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | — | $0.96 | ||
| Q2 24 | — | $0.93 | ||
| Q1 24 | — | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.6B |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | $9.4B |
| Total Assets | $442.2B | $35.2B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | $15.3B | $5.6B |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $9.4B | ||
| Q3 25 | $20.4B | $8.9B | ||
| Q2 25 | $18.1B | $8.5B | ||
| Q1 25 | $17.5B | $8.4B | ||
| Q4 24 | $16.4B | $8.2B | ||
| Q3 24 | $17.4B | $7.8B | ||
| Q2 24 | $15.0B | $7.5B | ||
| Q1 24 | $14.8B | $7.3B |
| Q4 25 | $442.2B | $35.2B | ||
| Q3 25 | $429.9B | $32.9B | ||
| Q2 25 | $405.3B | $31.9B | ||
| Q1 25 | $381.5B | $31.7B | ||
| Q4 24 | $363.3B | $32.4B | ||
| Q3 24 | $355.0B | $30.6B | ||
| Q2 24 | $332.6B | $29.7B | ||
| Q1 24 | $320.6B | $29.7B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $1.5B |
| Free Cash FlowOCF − Capex | — | $1.0B |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 5.82× | 1.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $636.0M | $1.8B | ||
| Q2 25 | $1.1B | $394.0M | ||
| Q1 25 | $426.0M | $2.7B | ||
| Q4 24 | $386.0M | $1.0B | ||
| Q3 24 | $780.0M | $1.6B | ||
| Q2 24 | $525.0M | $737.0M | ||
| Q1 24 | $185.0M | $2.8B |
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $-103.0M | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $624.0M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $318.0M | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 14.4% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 5.82× | 1.06× | ||
| Q3 25 | 0.51× | 1.44× | ||
| Q2 25 | 2.28× | 0.38× | ||
| Q1 25 | 0.92× | 1.93× | ||
| Q4 24 | 0.38× | 0.81× | ||
| Q3 24 | 1.25× | 1.48× | ||
| Q2 24 | 0.83× | 0.69× | ||
| Q1 24 | 0.16× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
TJX
| Marmaxx | $9.0B | 60% |
| Home Goods | $2.5B | 17% |
| TJX International | $2.0B | 14% |
| Tjx Canada | $1.5B | 10% |
