BJ's Wholesale Club Holdings, Inc. (BJ) Margin Analysis

BJ's Wholesale Club Holdings, Inc.

BJ (NYSE)

(%)

Models
BJ's Wholesale Club Holdings, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 14	2025 Jan 31	2024 Jan 31	2023 Jan 31	2022 Jan 31
Revenue	21,457	21,457	20,502	19,969	19,315
Revenue Growth Rate	0%	4.66%	2.67%	3.38%	15.89%
Cost of Revenue	17,458	17,458	16,737	16,326	15,884
Gross Profit	4,000	4,000	3,764	3,643	3,431
Gross Margin	18.64%	18.64%	18.36%	18.24%	17.77%
Operating Income	833.2	846	772.2	800.4	738
Operating Margin	3.88%	3.94%	3.77%	4.01%	3.82%
Net Income	578.4	578.4	534.4	523.7	513.2
Net Margin	2.7%	2.7%	2.61%	2.62%	2.66%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 14	2025 Jan 31	2024 Jan 31	2023 Jan 31	2022 Jan 31
Revenue	21,457	21,457	20,502	19,969	19,315
Cash from Operating Activities	1,030	1,030	900.9	718.9	788.2
Cash from Operating Activities Margin	4.8%	4.8%	4.39%	3.6%	4.08%
Free Cash Flow	337	331	312.9	251.8	417.6
Free Cash Flow Margin	1.57%	1.54%	1.53%	1.26%	2.16%
Depreciation and Amortization	288.6	288.6	262.1	227.7	200.9
Depreciation and Amortization Margin	1.34%	1.34%	1.28%	1.14%	1.04%
Capital Expenditure	-693.1	-699.1	-588	-467.1	-370.5
Capital Expenditure Margin	-3.23%	-3.26%	-2.87%	-2.34%	-1.92%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2023-01-31", "y": 17.77}, {"l": "2023", "x": "2024-01-31", "y": 18.24}, {"l": "2024", "x": "2025-01-31", "y": 18.36}, {"l": "2025", "x": "2026-01-31", "y": 18.64}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2023-01-31", "y": 3.82}, {"l": "2023", "x": "2024-01-31", "y": 4.01}, {"l": "2024", "x": "2025-01-31", "y": 3.77}, {"l": "2025", "x": "2026-01-31", "y": 3.94}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2023-01-31", "y": 2.66}, {"l": "2023", "x": "2024-01-31", "y": 2.62}, {"l": "2024", "x": "2025-01-31", "y": 2.61}, {"l": "2025", "x": "2026-01-31", "y": 2.7}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2023-01-31", "y": 2.16}, {"l": "2023", "x": "2024-01-31", "y": 1.26}, {"l": "2024", "x": "2025-01-31", "y": 1.53}, {"l": "2025", "x": "2026-01-31", "y": 1.54}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Jan 31	2025 (Q3) Nov 01	2025 (Q2) Aug 02	2025 (Q1) May 03	2024 (Q4) Jan 31	2024 (Q3) Nov 02
Revenue	5,575	5,348	5,380	5,153	5,279	5,099
Revenue Growth Rate	4.25%	-0.596%	4.4%	-2.37%	3.51%
Cost of Revenue	4,566	4,334	4,374	4,184	4,330	4,124
Gross Profit	1,010	1,014	1,006	969.5	949	975.5
Gross Margin	18.11%	18.97%	18.7%	18.81%	17.98%	19.13%
Operating Income	191.4	218.4	219.8	203.6	178.4	229.4
Operating Margin	3.43%	4.08%	4.09%	3.95%	3.38%	4.5%
Net Income	125.9	152.1	150.7	149.8	122.7	155.7
Net Margin	2.26%	2.84%	2.8%	2.91%	2.32%	3.05%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Jan 31	2025 (Q3) Nov 01	2025 (Q2) Aug 02	2025 (Q1) May 03	2024 (Q4) Jan 31	2024 (Q3) Nov 02
Revenue	5,575	5,348	5,380	5,153	5,279	5,099
Cash from Operating Activities	391	181.1	249.9	208.1	271.9	206.8
Cash from Operating Activities Margin	7.01%	3.39%	4.64%	4.04%	5.15%	4.06%
Free Cash Flow	192.8	-10.74	87.29	67.6	111.5	18.82
Free Cash Flow Margin	3.46%	-0.201%	1.62%	1.31%	2.11%	0.369%
Depreciation and Amortization	74.68	72.32	71.93	69.67	67.83	65.68
Depreciation and Amortization Margin	1.34%	1.35%	1.34%	1.35%	1.29%	1.29%
Capital Expenditure	-198.1	-191.9	-162.6	-140.5	-160.4	-187.9
Capital Expenditure Margin	-3.55%	-3.59%	-3.02%	-2.73%	-3.04%	-3.69%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2024 (Q3)", "x": "2024-11-02", "y": 19.13}, {"l": "2024 (Q4)", "x": "2025-01-31", "y": 17.98}, {"l": "2025 (Q1)", "x": "2025-05-03", "y": 18.81}, {"l": "2025 (Q2)", "x": "2025-08-02", "y": 18.7}, {"l": "2025 (Q3)", "x": "2025-11-01", "y": 18.97}, {"l": "2025 (Q4)", "x": "2026-01-31", "y": 18.11}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2024 (Q3)", "x": "2024-11-02", "y": 4.5}, {"l": "2024 (Q4)", "x": "2025-01-31", "y": 3.38}, {"l": "2025 (Q1)", "x": "2025-05-03", "y": 3.95}, {"l": "2025 (Q2)", "x": "2025-08-02", "y": 4.09}, {"l": "2025 (Q3)", "x": "2025-11-01", "y": 4.08}, {"l": "2025 (Q4)", "x": "2026-01-31", "y": 3.43}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2024 (Q3)", "x": "2024-11-02", "y": 3.05}, {"l": "2024 (Q4)", "x": "2025-01-31", "y": 2.32}, {"l": "2025 (Q1)", "x": "2025-05-03", "y": 2.91}, {"l": "2025 (Q2)", "x": "2025-08-02", "y": 2.8}, {"l": "2025 (Q3)", "x": "2025-11-01", "y": 2.84}, {"l": "2025 (Q4)", "x": "2026-01-31", "y": 2.26}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2024 (Q3)", "x": "2024-11-02", "y": 0.369}, {"l": "2024 (Q4)", "x": "2025-01-31", "y": 2.11}, {"l": "2025 (Q1)", "x": "2025-05-03", "y": 1.31}, {"l": "2025 (Q2)", "x": "2025-08-02", "y": 1.62}, {"l": "2025 (Q3)", "x": "2025-11-01", "y": -0.201}, {"l": "2025 (Q4)", "x": "2026-01-31", "y": 3.46}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}