BJ vs M
BJ's Wholesale Club Holdings, Inc. and Macy's, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BJ | M |
|---|---|---|
| Revenue | $21.5B | $22.6B |
| Net income | $578.4M | $642.0M |
| Gross margin | 18.6% | 40.3% |
| Net margin | 2.7% | 2.8% |
| Return on equity | 28.6% | 13.6% |
| Diluted EPS | $4.38 | $2.32 |
| Dividend / share | · | $0.73 |
| Payout ratio | · | 30.7% |
| Free cash flow | $328.0M | $1.1B |
| Equity | $2.2B | $4.9B |
| Net debt / equity | 0.22× | 0.24× |
| Current ratio | 0.75× | 1.49× |
| Revenue CAGR 5y | 6.8% | 5.5% |
| Profit CAGR 5y | 6.6% | · |
BJ and M book revenue within 15% of each other, and M keeps more of each dollar of revenue as profit (2.8% against 2.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BJ | M |
|---|---|---|
| FY2025 | $21.5B | $22.6B |
| FY2024 | $20.5B | $23.0B |
| FY2023 | $20.0B | $23.9B |
| FY2022 | $19.3B | $25.4B |
| FY2021 | $16.7B | $25.4B |
| FY2020 | $15.4B | $17.3B |
| FY2019 | $13.2B | $24.6B |
| FY2018 | $13.0B | $25.0B |
| FY2017 | $12.8B | $24.9B |
| FY2016 | $12.4B | $25.9B |
Bottom line
| Fiscal year | BJ | M |
|---|---|---|
| FY2025 | $578.4M | $642.0M |
| FY2024 | $534.4M | $582.0M |
| FY2023 | $523.7M | $45.0M |
| FY2022 | $513.2M | $1.1B |
| FY2021 | $426.7M | $1.4B |
| FY2020 | $421.0M | $-3.9B |
| FY2019 | $187.2M | $564.0M |
| FY2018 | $127.3M | $1.1B |
| FY2017 | $50.3M | $1.6B |
| FY2016 | $44.2M | $627.0M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,163,726,000 | M |
| FY2024 | −$2,504,196,000 | M |
| FY2023 | −$3,897,311,000 | M |
| FY2022 | −$6,133,835,000 | M |
| FY2021 | −$8,731,698,000 | M |
| FY2020 | −$1,915,983,000 | M |
| FY2019 | −$11,369,293,000 | M |
| FY2018 | −$11,963,653,000 | M |
| FY2017 | −$12,184,411,000 | M |
| FY2016 | −$13,557,463,000 | M |
M has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.1 pp | M |
| FY2024 | +0.1 pp | BJ |
| FY2023 | +2.4 pp | BJ |
| FY2022 | −1.8 pp | M |
| FY2021 | −3.1 pp | M |
| FY2020 | +25.5 pp | BJ |
| FY2019 | −0.9 pp | M |
| FY2018 | −3.4 pp | M |
| FY2017 | −5.8 pp | M |
| FY2016 | −2.0 pp | M |
The higher net margin has changed hands between BJ and M over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's net margin has been more volatile than BJ's over the 10 comparable fiscal years — 8.0 percentage points of standard deviation against 1.0.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BJ and M over these 10 fiscal years — BJ led in 3 and M in 7.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BJ's return on equity has been more volatile than M's over the 5 comparable fiscal years — 21.9 percentage points of standard deviation against 15.6.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BJ led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.