Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| BJ's Wholesale Club Holdings, Inc.BJ · shops | |
|---|---|
| Grade |  A/Bon the A/B boundary of 258 graded peers; percentile 18.3, sampling error 2.9 points; lower is stronger |
| Rank | 48 of 258 |
| Profitability | Bpercentile 24.7 |
| Solvency | Cpercentile 45.3 |
| Growth and financing | B/Cpercentile 40.8 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $7.5B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 13 of 14 |
| Graded from | filings received through Mar 12, 2026211 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $99.022026-10-08; market equity $12.5B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 12, 2026; the document on sec.gov.
BJ’s Wholesale Club is a leading operator of membership warehouse clubs concentrated primarily in the eastern half of the United States. We deliver significant value to our members, consistently offering up to 25% savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors. We provide a curated assortment focused on groceries, fresh foods, general merchandise, gasoline, and other ancillary services to deliver a differentiated shopping experience that is further enhanced by our digital capabilities. Additionally, we provide access to coupons and promotions to deliver further value to our members.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 24.7 | |||||||
| Gross profitability | 53.3% | [1-3] | 42.6% | 31.1 | 242 | 2026-01-31 | |
| Return on invested capital | 25.6% | [4-12] | 10.9% | 20.5 | 84 | 2026-01-31 | |
| Accruals ratio | (6.2%) | [1,13-15] | (4.9%) | 42.7 | 287 | 2026-01-31 | |
| Gross margin stability, five years | 0.3 pts | [2-3,16-23] | 1.2 pts | 4.6 | 219 | 2026-01-31 | |
| Solvency, sleeve percentile 45.3 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2025-11-01 | |||||||
| Altman Z double-prime | 1.09 | [1,4,8,24-27] | 1.92 | 57.0 | 208 | 2026-01-31 | |
| Net debt to EBITDA | 0.32x | [4,7,9,28] | 1.84x | 26.3 | 100 | 2026-01-31 | |
| Interest coverage | 19.26x | [4,29] | 2.26x | 11.1 | 64 | 2026-01-31 | |
| Current ratio | 0.75x | [24-25] | 1.37x | 86.7 | 295 | 2026-01-31 | |
| Growth and financing, sleeve percentile 40.8 | |||||||
| Revenue growth, three-year compound | 3.6% | [2,16,18,20] | 1.5% | 38.4 | 269 | 2026-01-31 | |
| Free cash flow growth, three-year compound | (5.6%) | [14,30-36] | 5.6% | 72.6 | 147 | 2026-01-31 | |
| Reinvestment rate | 64.6% | [4-6,24-25,28,30,37-38] | 7.3% | 21.2 | 152 | 2026-01-31 | |
| Asset growth, three years | 5.8% | [1,15,39-40] | 3.4% | 36.2 | 272 | 2026-01-31 | |
| Net share issuance, one year | (1.5%) | [41-42] | (0.6%) | 35.7 | 211 | 2026-03-04 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.278; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 43 | American Eagle Outfitters Inc. (AEO) American Eagle Outfitters Inc. (AEO) Astrongest fifth; percentile 16.3 NYSE · Retail-Family Clothing Stores market equity $3.0B; last close $17.97 Warnings: fortress balance sheet; 11 of 14 inputs | 16.3 | A | fortress balance sheet |
| 44 | Carvana Co. (CVNA) Carvana Co. (CVNA) Astrongest fifth; percentile 16.7 NYSE · Retail-Auto Dealers & Gasoline Stations last close $63.20 No active warnings; 7 of 14 inputs | 16.7 | A | |
| 45 | Envela Corp. (ELA) Envela Corp. (ELA) A/Bon the A/B boundary; percentile 17.1 NYSE · Retail-Jewelry Stores market equity $313.4M; last close $12.10 Warnings: fortress balance sheet; 9 of 14 inputs | 17.1 | A/B | fortress balance sheet |
| 46 | PC Connection Inc. (CNXN) PC Connection Inc. (CNXN) A/Bon the A/B boundary; percentile 17.5 Nasdaq · Wholesale-Computers & Peripheral Equipment & Software market equity $2.3B; last close $91.00 No active warnings; 10 of 14 inputs | 17.5 | A/B | |
| 47 | Dominos Pizza Inc. (DPZ) Dominos Pizza Inc. (DPZ) A/Bon the A/B boundary; percentile 17.9 Nasdaq · Wholesale-Groceries & Related Products market equity $10.2B; last close $308.57 No active warnings; 11 of 14 inputs | 17.9 | A/B | |
| 48 | BJ's Wholesale Club Holdings, Inc. (BJ) BJ's Wholesale Club Holdings, Inc. (BJ) A/Bon the A/B boundary; percentile 18.3 NYSE · Retail-Variety Stores market equity $12.5B; last close $99.02 No active warnings; 13 of 14 inputs | 18.3 | A/B | |
| 49 | Copart Inc. (CPRT) Copart Inc. (CPRT) A/Bon the A/B boundary; percentile 18.7 Nasdaq · Retail-Auto Dealers & Gasoline Stations market equity $25.5B; last close $27.48 No active warnings; 8 of 14 inputs | 18.7 | A/B | |
| 50 | Build-A-Bear Workshop Inc. (BBW) Build-A-Bear Workshop Inc. (BBW) A/Bon the A/B boundary; percentile 19.1 NYSE · Retail-Hobby, Toy & Game Shops market equity $319.1M; last close $25.97 No active warnings; 8 of 14 inputs | 19.1 | A/B | |
| 51 | Dick'S Sporting Goods, Inc. (DKS) Dick'S Sporting Goods, Inc. (DKS) A/Bon the A/B boundary; percentile 19.5 NYSE · Retail-Miscellaneous Shopping Goods Stores last close $134.71 Warnings: fortress balance sheet; 9 of 14 inputs | 19.5 | A/B | fortress balance sheet |
| 52 | Cardinal Health Inc. (CAH) Cardinal Health Inc. (CAH) A/Bon the A/B boundary; percentile 19.8 NYSE · Wholesale-Drugs, Proprietaries & Druggists' Sundries market equity $55.6B; last close $238.83 No active warnings; 12 of 14 inputs | 19.8 | A/B | |
| 53 | Amazon COM Inc. (AMZN) Amazon COM Inc. (AMZN) A/Bon the A/B boundary; percentile 20.2 Nasdaq · Retail-Catalog & Mail-Order Houses market equity $2.7T; last close $254.10 Warnings: fortress balance sheet; 10 of 14 inputs | 20.2 | A/B | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 13.2 | 2204 |
| sector peers, equal sleeves (the grade) | A/B | 18.3 | 258 |
| same exchange, equal sleeves | A | 13.3 | 984 |
| sector peers, equal inputs | A | 16.3 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (2.8%) | (0.1%) | 47 | hotter than 47 of 100 peers |
| Distance from 52-week high | (3.6%) | (24.1%) | 94 | closer to its high than 94 of 100 peers |
| EBIT to enterprise value | 6.3% | 5.3% | 60 | pricier than 40 of 100 peers |
| Free cash flow yield | 2.6% | 4.2% | 37 | pricier than 63 of 100 peers |
| Book value to price | 0.18 | 0.36 | 32 | pricier than 68 of 100 peers |
| Sales to price | 1.72 | 1.75 | 49 | pricier than 51 of 100 peers |
| Composite equity issuance, five years | (8.3%) | (16.7%) | 64 | more equity-funded than 64 of 100 peers |
| Relative strength against the sector, log excess return | (0.00) | 0.02 | 47 | ahead of 47 of 100 peers |
Inputs: market equity $12.5B; EBIT $816.6M; free cash flow $328.0M; book equity $2.2B; sales $21.5B; debt $399.2M; cash $30.0M[43].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 8 of 9, period end 2026-01-31 | ||
|---|---|---|
| Return on assets above zero | 8.2% | ✓ pass[13,15] |
| Operating cash flow above zero | $1.0B | ✓ pass[14] |
| Return on assets improved | 0.2 pts | ✓ pass[13,15,39,44] |
| Operating cash flow exceeds net income | $451.7M | ✓ pass[13-14] |
| Long-term leverage fell | (0.3 pts) | ✓ pass[1,15,39,45-46] |
| Current ratio improved | 0.4 pts | ✓ pass[24-25,37-38] |
| No new shares issued | (1.5%) | ✓ pass[41-42] |
| Gross margin improved | 0.3 pts | ✓ pass[2-3,16-17] |
| Asset turnover improved | (3.3 pts) | ✗ fail[2,15-16,39] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $30.0M[47] |
| Operating cash flow, four quarters | $1.1B[14,47-51] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 45 |
| 10-Q received Aug 25, 2026 | |
| Median daily dollar volume | $146.1M |
| 63 sessions | |
| Days since newest grade input | 211 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $7.5B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $21.5B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 3 | cost of revenue | us-gaap:CostOfRevenue | $17.5B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $816.6M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $774.2M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $195.8M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $399.1M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $2.2B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $46.2M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $398.8M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $1.8B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $28.3M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $578.4M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.0B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $7.1B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $20.5B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 17 | cost of revenue | us-gaap:CostOfRevenue | $16.7B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $20.0B | 2024-02-03 | 2026-03-12 | 10-K | filing · viewer · series |
| 19 | cost of revenue | us-gaap:CostOfRevenue | $16.3B | 2024-02-03 | 2026-03-12 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $19.3B | 2023-01-28 | 2025-03-14 | 10-K | filing · viewer · series |
| 21 | cost of revenue | us-gaap:CostOfRevenue | $15.9B | 2023-01-28 | 2025-03-14 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $16.7B | 2022-01-29 | 2024-03-18 | 10-K | filing · viewer · series |
| 23 | cost of revenue | us-gaap:CostOfRevenue | $13.6B | 2022-01-29 | 2024-03-18 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $2.0B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $2.7B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $1.2B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $5.3B | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:Depreciation | $282.9M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 29 | interest expense | us-gaap:InterestAndDebtExpense | $42.4M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $702.0M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $900.9M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 32 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $588.0M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $718.9M | 2024-02-03 | 2026-03-12 | 10-K | filing · viewer · series |
| 34 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $467.1M | 2024-02-03 | 2026-03-12 | 10-K | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $788.2M | 2023-01-28 | 2025-03-14 | 10-K | filing · viewer · series |
| 36 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $397.8M | 2023-01-28 | 2025-03-14 | 10-K | filing · viewer · series |
| 37 | current assets | us-gaap:AssetsCurrent | $1.9B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 38 | current liabilities | us-gaap:LiabilitiesCurrent | $2.5B | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 39 | assets | us-gaap:Assets | $6.7B | 2024-02-03 | 2025-03-14 | 10-K | filing · viewer · series |
| 40 | assets | us-gaap:Assets | $6.3B | 2023-01-28 | 2024-03-18 | 10-K | filing · viewer · series |
| 41 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 129,676,588 | 2026-03-04 | 2026-03-12 | 10-K | filing · viewer · series |
| 42 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 131,676,982 | 2025-03-05 | 2025-03-14 | 10-K | filing · viewer · series |
| 43 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 126,314,692 | 2026-08-20 | 2026-08-25 | 10-Q | filing · viewer · series |
| 44 | net income | us-gaap:NetIncomeLoss | $534.4M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 45 | long term debt | us-gaap:LongTermDebtNoncurrent | $399.1M | 2026-01-31 | 2026-03-12 | 10-K | filing · viewer · series |
| 46 | long term debt | us-gaap:LongTermDebtNoncurrent | $398.8M | 2025-02-01 | 2026-03-12 | 10-K | filing · viewer · series |
| 47 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $30.0M | 2026-08-01 | 2026-08-25 | 10-Q | filing · viewer · series |
| 48 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $541.4M | 2026-08-01 | 2026-08-25 | 10-Q | filing · viewer · series |
| 49 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $140.0M | 2026-05-02 | 2026-05-28 | 10-Q | filing · viewer · series |
| 50 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $639.1M | 2025-11-01 | 2025-11-26 | 10-Q | filing · viewer · series |
| 51 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $458.0M | 2025-08-02 | 2026-08-25 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 18.3 is 1.7 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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