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Side-by-side financial comparison of Cisco (CSCO) and TJX Companies (TJX). Click either name above to swap in a different company.
Cisco is the larger business by last-quarter revenue ($15.3B vs $15.1B, roughly 1.0× TJX Companies). Cisco runs the higher net margin — 20.7% vs 9.5%, a 11.1% gap on every dollar of revenue. On growth, Cisco posted the faster year-over-year revenue change (9.7% vs 7.5%). Cisco produced more free cash flow last quarter ($1.5B vs $1.0B). Over the past eight quarters, Cisco's revenue compounded faster (9.9% CAGR vs -4.0%).
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
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.
CSCO vs TJX — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.3B | $15.1B |
| Net Profit | $3.2B | $1.4B |
| Gross Margin | 65.0% | 32.6% |
| Operating Margin | 24.6% | — |
| Net Margin | 20.7% | 9.5% |
| Revenue YoY | 9.7% | 7.5% |
| Net Profit YoY | 30.8% | 11.2% |
| EPS (diluted) | $0.80 | $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.
| Q1 26 | $15.3B | — | ||
| Q4 25 | $14.9B | $15.1B | ||
| Q3 25 | $14.7B | $14.4B | ||
| Q2 25 | $14.1B | $13.1B | ||
| Q1 25 | $14.0B | $16.4B | ||
| Q4 24 | $13.8B | $14.1B | ||
| Q3 24 | $13.6B | $13.5B | ||
| Q2 24 | $12.7B | $12.5B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.5B | $1.0B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B |
| Q1 26 | 65.0% | — | ||
| Q4 25 | 65.5% | 32.6% | ||
| Q3 25 | 63.2% | 30.7% | ||
| Q2 25 | 65.6% | 29.5% | ||
| Q1 25 | 65.1% | 30.5% | ||
| Q4 24 | 65.9% | 31.6% | ||
| Q3 24 | 64.4% | 30.4% | ||
| Q2 24 | 65.1% | 30.0% |
| Q1 26 | 24.6% | — | ||
| Q4 25 | 22.6% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 22.3% | 11.6% | ||
| Q4 24 | 17.0% | 12.3% | ||
| Q3 24 | 19.2% | 10.9% | ||
| Q2 24 | 17.2% | 11.1% |
| Q1 26 | 20.7% | — | ||
| Q4 25 | 19.2% | 9.5% | ||
| Q3 25 | 17.4% | 8.6% | ||
| Q2 25 | 17.6% | 7.9% | ||
| Q1 25 | 17.4% | 8.6% | ||
| Q4 24 | 19.6% | 9.2% | ||
| Q3 24 | 15.8% | 8.2% | ||
| Q2 24 | 14.8% | 8.6% |
| Q1 26 | $0.80 | — | ||
| Q4 25 | $0.72 | $1.28 | ||
| Q3 25 | $0.64 | $1.10 | ||
| Q2 25 | $0.62 | $0.92 | ||
| Q1 25 | $0.61 | $1.23 | ||
| Q4 24 | $0.68 | $1.14 | ||
| Q3 24 | $0.54 | $0.96 | ||
| Q2 24 | $0.46 | $0.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.8B | $4.6B |
| Total DebtLower is stronger | $24.6B | — |
| Stockholders' EquityBook value | $47.7B | $9.4B |
| Total Assets | $123.4B | $35.2B |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.8B | — | ||
| Q4 25 | $15.7B | $4.6B | ||
| Q3 25 | $16.1B | $4.6B | ||
| Q2 25 | $15.6B | $4.3B | ||
| Q1 25 | $16.9B | $5.3B | ||
| Q4 24 | $18.7B | $4.7B | ||
| Q3 24 | $17.9B | $5.3B | ||
| Q2 24 | $18.8B | $5.1B |
| Q1 26 | $24.6B | — | ||
| Q4 25 | $24.6B | — | ||
| Q3 25 | $24.6B | — | ||
| Q2 25 | $25.1B | — | ||
| Q1 25 | $20.1B | — | ||
| Q4 24 | $20.1B | — | ||
| Q3 24 | $20.1B | — | ||
| Q2 24 | $20.1B | — |
| Q1 26 | $47.7B | — | ||
| Q4 25 | $46.9B | $9.4B | ||
| Q3 25 | $46.8B | $8.9B | ||
| Q2 25 | $45.9B | $8.5B | ||
| Q1 25 | $45.5B | $8.4B | ||
| Q4 24 | $45.3B | $8.2B | ||
| Q3 24 | $45.5B | $7.8B | ||
| Q2 24 | $45.8B | $7.5B |
| Q1 26 | $123.4B | — | ||
| Q4 25 | $121.1B | $35.2B | ||
| Q3 25 | $122.3B | $32.9B | ||
| Q2 25 | $119.8B | $31.9B | ||
| Q1 25 | $121.4B | $31.7B | ||
| Q4 24 | $123.3B | $32.4B | ||
| Q3 24 | $124.4B | $30.6B | ||
| Q2 24 | $123.0B | $29.7B |
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.44× | — |
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 | $1.8B | $1.5B |
| Free Cash FlowOCF − Capex | $1.5B | $1.0B |
| FCF MarginFCF / Revenue | 10.0% | 6.6% |
| Capex IntensityCapex / Revenue | 1.8% | 3.5% |
| Cash ConversionOCF / Net Profit | 0.57× | 1.06× |
| TTM Free Cash FlowTrailing 4 quarters | $12.2B | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $4.2B | $1.8B | ||
| Q2 25 | $4.1B | $394.0M | ||
| Q1 25 | $2.2B | $2.7B | ||
| Q4 24 | $3.7B | $1.0B | ||
| Q3 24 | $3.7B | $1.6B | ||
| Q2 24 | $4.0B | $737.0M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $3.8B | $-103.0M | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $3.4B | $624.0M | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.8B | $318.0M |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 19.4% | 6.6% | ||
| Q3 25 | 27.4% | 9.2% | ||
| Q2 25 | 26.8% | -0.8% | ||
| Q1 25 | 14.5% | 13.4% | ||
| Q4 24 | 24.9% | 4.4% | ||
| Q3 24 | 25.9% | 7.9% | ||
| Q2 24 | 29.9% | 2.5% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.2% | 3.5% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 1.8% | 3.8% | ||
| Q1 25 | 1.5% | 3.1% | ||
| Q4 24 | 1.6% | 3.0% | ||
| Q3 24 | 1.5% | 4.2% | ||
| Q2 24 | 1.3% | 3.4% |
| Q1 26 | 0.57× | — | ||
| Q4 25 | 1.12× | 1.06× | ||
| Q3 25 | 1.66× | 1.44× | ||
| Q2 25 | 1.63× | 0.38× | ||
| Q1 25 | 0.92× | 1.93× | ||
| Q4 24 | 1.35× | 0.81× | ||
| Q3 24 | 1.73× | 1.48× | ||
| Q2 24 | 2.11× | 0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
TJX
| Marmaxx | $9.0B | 60% |
| Home Goods | $2.5B | 17% |
| TJX International | $2.0B | 14% |
| Tjx Canada | $1.5B | 10% |
