Ross Stores Inc. (ROST) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$1.95	$2.66	+36.4%	—	$6.3B	—
Q1 27	$1.73	$2.02	+16.8%	—	$6B	—
Q4 26	$1.9	$2	+5.3%	—	$6.6B	—
Q3 26	$1.42	$1.58	+11.3%	—	$5.6B	—
Q2 26	$1.54	$1.56	+1.3%	—	$5.5B	—
Q1 26	$1.43	$1.47	+2.8%	—	$5B	—
Q4 25	$1.66	$1.65	-0.6%	—	$5.9B	—
Q3 25	$1.4	$1.48	+5.7%	—	$5.1B	—
Q2 25	$1.49	$1.59	+6.7%	—	$5.3B	—
Q1 25	$1.35	$1.46	+8.1%	—	$4.9B	—
Q4 24	$1.65	$1.82	+10.3%	—	$6B	—
Q3 24	$1.22	$1.33	+9.0%	—	$4.9B	—
Q2 24	$1.16	$1.32	+13.8%	—	$4.9B	—
Q1 24	$1.06	$1.09	+2.8%	—	$4.5B	—
Q4 23	$1.24	$1.31	+5.6%	—	$5.2B	—
Q3 23	$0.81	$1	+23.5%	—	$4.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$6.66	—	—	$22.8B	—
FY25	—	$6.36	—	—	$21.1B	—
FY24	—	$5.59	—	—	$20.4B	—
FY23	—	$4.4	—	—	$18.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$12.9B	$14.1B	$15B	$16B	$12.5B	$18.9B	$18.7B	$20.4B	$21.1B	$22.8B
YoY change	+7.76%	+9.85%	+6.01%	+7.04%	-21.9%	+50.9%	-1.17%	+8.99%	+3.69%	+7.67%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	12.9B	14.1B	15B	16B	12.5B	18.9B	18.7B	20.4B	21.1B	22.8B
Cost of revenue	9.2B	10B	10.7B	11.5B	9.8B	13.7B	13.9B	14.8B	15.3B	16.4B
Gross profit	3.7B	4.1B	4.3B	4.5B	2.7B	5.2B	4.7B	5.6B	5.9B	6.3B
Gross margin	28.7%	29%	28.4%	28.1%	21.5%	27.5%	25.4%	27.4%	27.8%	27.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	2B	2.2B	2.4B	2.5B	2.9B	2.8B	3.3B	3.3B	3.6B
Operating expenses	1.9B	2B	2.2B	2.4B	2.5B	2.9B	2.8B	3.3B	3.3B	3.6B
Operating income	1.8B	2B	2B	2.1B	189.7M	2.3B	2B	2.3B	2.6B	2.7B
Operating margin	14%	14.5%	13.6%	13.4%	1.51%	12.3%	10.6%	11.3%	12.2%	11.9%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	1.8B	2B	2.1B	2.2B	106.3M	2.3B	2B	2.5B	2.8B	2.8B
Income tax	668.5M	678M	463.4M	503.4M	20.9M	536M	475.4M	597.3M	666.4M	697.1M
Net income	1.1B	1.4B	1.6B	1.7B	85.4M	1.7B	1.5B	1.9B	2.1B	2.1B
Net margin	8.69%	9.64%	10.6%	10.4%	0.68%	9.11%	8.09%	9.2%	9.89%	9.43%
EBITDA	2.1B	2.4B	2.4B	2.5B	558.6M	2.7B	2.5B	3B	3.3B	3.4B
EPS	2.85	3.58	4.3	4.63	0.24	4.9	4.4	5.59	6.36	6.66
Diluted EPS	2.83	3.55	4.26	4.6	0.24	4.87	4.38	5.56	6.32	6.61

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	4.9B	6B	4.9B	5.3B	5.1B	5.9B	5B	5.5B	5.6B	6.6B	6B	6.3B
Cost of revenue	3.6B	4.4B	3.5B	3.8B	3.6B	4.3B	3.6B	4B	4B	4.8B	4.2B	4.1B
Gross profit	1.4B	1.6B	1.4B	1.5B	1.4B	1.6B	1.4B	1.5B	1.6B	1.8B	1.8B	2.1B
Gross margin	27.6%	27.3%	28.1%	28.3%	28.3%	26.5%	28.2%	27.6%	28%	27.2%	29.6%	33.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	810.5M	903.1M	776.3M	836.4M	832.9M	837.6M	797.1M	888.7M	920M	990.1M	975.9M	1B
Operating expenses	810.5M	903.1M	776.3M	836.4M	832.9M	837.6M	797.1M	888.7M	920M	990.1M	975.9M	1B
Operating income	550.1M	744.1M	591.1M	659.2M	604.2M	731M	606.5M	638.3M	648.5M	814.1M	804M	1.1B
Operating margin	11.2%	12.4%	12.2%	12.5%	11.9%	12.4%	12.2%	11.5%	11.6%	12.3%	13.4%	17.6%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	593.4M	796.2M	637.1M	702.6M	646.7M	770.8M	640.9M	670.6M	682.4M	848.3M	837.5M	1.1B
Income tax	146.1M	186.6M	149.1M	175.4M	157.9M	184M	161.6M	162.6M	170.5M	202.4M	187.5M	283.5M
Net income	447.3M	609.7M	488M	527.1M	488.8M	586.8M	479.2M	508M	511.9M	645.9M	650M	851.3M
Net margin	9.08%	10.1%	10%	9.97%	9.64%	9.92%	9.61%	9.19%	9.14%	9.73%	10.8%	13.6%
EBITDA	714.1M	933M	763.5M	828.1M	773.9M	901.8M	769.3M	805M	823.6M	991.7M	977.7M	1.3B
EPS	1.34	1.83	1.47	1.6	1.49	1.8	1.48	1.57	1.59	2.02	2.04	2.68
Diluted EPS	1.33	1.82	1.46	1.59	1.48	1.79	1.47	1.56	1.58	2	2.02	2.66

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	25.9B	31.4B	34B	40.2B	39.2B	34.4B	40.6B	47B	49.5B	60.8B	76.1B
Enterprise value	25.2B	30.5B	32.9B	42.4B	40.1B	35.1B	41.7B	47.9B	50.4B	61.4B	75.9B
Shares outstanding	392.1M	381.2M	369.5M	358.5M	352.4M	351.5M	343.5M	335.2M	328.6M	322.2M	322.2M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	23.2	23	21.4	24.2	459.3	19.9	26.8	25.1	23.7	28.3	28.5
P/S	2.01	2.22	2.27	2.51	3.13	1.82	2.17	2.31	2.34	2.67	3.08
P/B	9.43	10.3	10.3	12	11.9	8.46	9.47	9.65	8.98	9.82	11.2
EV/EBITDA	12	12.9	13.7	16.8	71.8	13	17	16.2	15.4	18.1	20.7
EV/Sales	1.96	2.16	2.2	2.64	3.2	1.85	2.23	2.35	2.39	2.7	3.1
Earnings yield	4.31%	4.34%	4.66%	4.13%	0.22%	5.01%	3.72%	3.99%	4.23%	3.53%	3.51%
FCF yield	4.86%	4.17%	4.86%	4.02%	4.69%	3.44%	2.55%	3.73%	3.31%	3.63%	2.63%
PEG	—	—	—	—	—	—	—	—	—	—	0.4

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	28.7%	29%	28.4%	28.1%	21.5%	27.5%	25.4%	27.4%	27.8%	27.7%	33.8%
Operating margin	14%	14.5%	13.6%	13.4%	1.51%	12.3%	10.6%	11.3%	12.2%	11.9%	13.6%
Net margin	8.69%	9.64%	10.6%	10.4%	0.68%	9.11%	8.09%	9.2%	9.89%	9.43%	10.8%
ROE	40.7%	44.7%	48%	49.4%	2.59%	42.4%	35.3%	38.5%	37.9%	34.7%	42.6%
ROA	21.1%	23.8%	26.1%	17.8%	0.67%	12.6%	11.3%	13.1%	14%	13.8%	12.8%
ROIC	55.5%	63.5%	71.6%	30%	3.62%	37.4%	27.8%	30.5%	30.3%	30%	35.6%
Return on tangible assets	21.1%	23.8%	26.1%	17.8%	0.67%	12.6%	11.3%	13.1%	14%	13.8%	16.6%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.61	1.64	1.69	1.27	1.69	1.77	1.9	1.77	1.62	1.58	1.61
Quick ratio	0.74	0.78	0.82	0.59	1.31	1.24	1.34	1.24	1.09	1.04	0.98
Debt / equity	0.14	0.13	0.09	1.04	1.74	1.38	1.33	1.18	1.03	0.84	0.7
Debt / assets	0.07	0.07	0.05	0.37	0.45	0.41	0.43	0.4	0.38	0.34	0.3
Net debt / EBITDA	-0.34	-0.38	-0.46	0.85	1.64	0.26	0.47	0.3	0.29	0.18	0.11
Interest coverage	92.3	109.3	126	223.2	2.21	31	25.7	34.4	44.5	75.9	111.4
Effective tax rate	37.4%	33.2%	22.6%	23.3%	19.7%	23.7%	23.9%	24.2%	24.2%	24.5%	24.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	32.8	37.1	40.5	44.7	35.6	53.8	54.4	60.8	64.3	70.6	76.7
EPS (basic)	2.85	3.58	4.3	4.63	0.24	4.9	4.4	5.59	6.36	6.66	6.66
EPS (diluted)	2.83	3.55	4.26	4.6	0.24	4.87	4.38	5.56	6.32	6.61	8.26
Book value per share	7.01	8	8.95	9.37	9.34	11.6	12.5	14.5	16.8	19.2	21.1
FCF per share	3.22	3.44	4.47	4.51	5.22	3.36	3.01	5.23	4.98	6.85	8.73
Cash per share	2.83	3.39	3.82	3.77	13.7	14	13.3	14.5	14.4	14.3	13.4
Capex per share	0.76	0.93	1.12	1.55	1.15	1.59	1.9	2.28	1.94	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.32%	2.51%	2.76%	3.46%	3.24%	2.95%	3.5%	3.74%	3.02%	—	—
Capex / operating cash flow	19.1%	21%	20.1%	25.2%	20.6%	31.3%	39.5%	30.6%	26.1%	—	—
Payout ratio	19.2%	18.2%	21.2%	22.3%	118.8%	23.5%	28.5%	24.3%	23.4%	24.6%	20.6%
Dividend yield	0.83%	0.79%	0.99%	0.92%	0.26%	1.18%	1.06%	0.97%	0.99%	0.87%	0.75%

Yield

0.75%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.445

ex-dividend Sep 8, 2026

Payout ratio

21%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 8, 2026	$0.445
Jun 9, 2026	$0.445
Mar 13, 2026	$0.445

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$4.9B	$6B	$4.9B	$5.3B	$5.1B	$5.9B	$5B	$5.5B	$5.6B	$6.6B	$6B	$6.3B
YoY change	+7.87%	+15.5%	+8.08%	+7.15%	+2.97%	-1.83%	+2.61%	+4.57%	+10.4%	+12.2%	+20.6%	+13.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	1.1B	1.3B	1.4B	1.4B	4.8B	4.9B	4.6B	4.9B	4.7B	4.6B
Receivables	75.2M	87.9M	96.7M	102.2M	115.1M	119.2M	145.7M	130.8M	144.5M	181.3M
Inventory	1.5B	1.6B	1.8B	1.8B	1.5B	2.3B	2B	2.2B	2.4B	2.6B
Total current assets	2.8B	3.2B	3.4B	3.4B	6.7B	7.5B	6.9B	7.4B	7.5B	7.6B
Property, plant & equipment	2.3B	2.4B	2.5B	5.7B	5.8B	5.9B	6.3B	6.7B	7.1B	7.6B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	5.3B	5.7B	6.1B	9.3B	12.7B	13.6B	13.4B	14.3B	14.9B	15.5B
Accounts payable	1B	1.1B	1.2B	1.3B	2.3B	2.4B	2B	2B	2.1B	2.4B
Short-term debt	—	85M	—	564.5M	663M	630.5M	656M	933.3M	1.4B	1.2B
Total current liabilities	1.8B	1.9B	2B	2.7B	4B	4.2B	3.6B	4.2B	4.7B	4.8B
Long-term debt	396.5M	312M	312.4M	2.9B	5.1B	5B	5.1B	4.8B	4.3B	4B
Total liabilities	2.6B	2.7B	2.8B	6B	9.4B	9.6B	9.1B	9.4B	9.4B	9.4B
Shareholders' equity	2.7B	3B	3.3B	3.4B	3.3B	4.1B	4.3B	4.9B	5.5B	6.2B
Total debt	396.5M	397M	312.4M	3.5B	5.7B	5.6B	5.7B	5.7B	5.7B	5.2B
Net debt	-715.1M	-893.3M	-1.1B	2.1B	913.5M	699.8M	1.2B	875.3M	951.7M	617.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	4.5B	4.9B	4.7B	4.7B	4.3B	4.7B	3.8B	3.8B	4.1B	4.6B	4.1B	4.3B
Receivables	171.9M	130.8M	165.4M	181.9M	176.2M	144.5M	181M	210.5M	203.9M	181.3M	212.5M	248.1M
Inventory	2.6B	2.2B	2.5B	2.5B	2.9B	2.4B	2.7B	2.6B	3.1B	2.6B	3B	3.1B
Total current assets	7.5B	7.4B	7.5B	7.6B	7.6B	7.5B	6.9B	6.9B	7.6B	7.6B	7.6B	7.9B
Property, plant & equipment	6.6B	6.7B	6.7B	6.8B	7B	7.1B	7.2B	7.3B	7.5B	7.6B	7.7B	7.8B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	14.3B	14.3B	14.5B	14.7B	14.9B	14.9B	14.3B	14.5B	15.4B	15.5B	15.6B	16B
Accounts payable	2.3B	2B	2.1B	2.2B	2.3B	2.1B	2.2B	2.2B	2.6B	2.4B	2.7B	2.6B
Short-term debt	929.7M	933.3M	1.6B	1.6B	1.4B	1.4B	1.2B	1.2B	1.2B	1.2B	976.9M	993.8M
Total current liabilities	4.4B	4.2B	4.9B	4.9B	4.8B	4.7B	4.4B	4.4B	5B	4.8B	4.9B	4.9B
Long-term debt	4.9B	4.8B	4.2B	4.2B	4.3B	4.3B	3.8B	3.9B	4B	4B	3.7B	3.7B
Total liabilities	9.7B	9.4B	9.5B	9.5B	9.6B	9.4B	8.7B	8.8B	9.5B	9.4B	9.2B	9.2B
Shareholders' equity	4.6B	4.9B	4.9B	5.1B	5.3B	5.5B	5.6B	5.7B	5.9B	6.2B	6.3B	6.7B
Total debt	5.8B	5.7B	5.8B	5.9B	5.7B	5.7B	5B	5.1B	5.2B	5.2B	4.7B	4.7B
Net debt	1.3B	875.3M	1.2B	1.2B	1.4B	951.7M	1.2B	1.2B	1.1B	617.9M	592.2M	451M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	1.1B	1.4B	1.6B	1.7B	85.4M	1.7B	1.5B	1.9B	2.1B	2.1B
Depreciation & amortization	302.5M	313.2M	330.4M	350.9M	364.2M	360.7M	394.7M	419.4M	446.8M	509.4M
Stock-based compensation	74.6M	87.4M	95.6M	95.4M	101.6M	134.2M	121.9M	145.5M	156.3M	175.4M
Change in working capital	72.9M	-39M	17.8M	67.5M	1.4B	-449.8M	-452.6M	72.9M	-238.6M	105.5M
Operating cash flow	1.6B	1.7B	2.1B	2.2B	2B	1.8B	1.7B	2.5B	2.4B	3B
Capital expenditure	-297.9M	-355.4M	-413.9M	-555.5M	-405.4M	-557.8M	-654.1M	-762.8M	-637.5M	—
Investing cash flow	-292.8M	-352.4M	-410.4M	-555M	-405.4M	-557.8M	-654.1M	-762.8M	-637.5M	—
Dividends paid	-214.6M	-247.5M	-337.2M	-369.8M	-101.4M	-405.1M	-431.3M	-454.8M	-488.7M	-528.1M
Share repurchases	-743.3M	-920.4M	-1.1B	-1.3B	-177.7M	-707.3M	-998.9M	-998.6M	-1.1B	-1.1B
Financing cash flow	-934.6M	-1.2B	-1.6B	-1.7B	872.7M	-1.2B	-1.4B	-1.5B	-1.9B	-2.4B
Net change in cash	331.5M	169M	101M	-53.6M	2.4B	48.1M	-428.7M	275.4M	-75M	659.5M
Free cash flow	1.3B	1.3B	1.7B	1.6B	1.8B	1.2B	1B	1.8B	1.6B	2.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	447.3M	609.7M	488M	527.1M	488.8M	586.8M	479.2M	508M	511.9M	645.9M	650M	851.3M
Depreciation & amortization	102.4M	119.1M	109.2M	108.6M	111.8M	117.2M	115.9M	126.4M	132.2M	134.9M	132.6M	140.2M
Stock-based compensation	38.9M	34.1M	40.4M	38M	38.7M	39.1M	39.3M	43.9M	44.9M	47.2M	59.1M	47.3M
Change in working capital	-132M	154.1M	-279.2M	116.1M	-110.5M	174M	-386.1M	153.5M	83.9M	254.2M	-192.9M	-56.7M
Operating cash flow	450.8M	900.3M	368.9M	777.8M	530.7M	907.6M	270.6M	668.4M	827.1M	1.1B	836M	875.8M
Capital expenditure	-177M	-222.4M	-136.2M	-197.5M	-180.4M	-123.3M	-207.4M	—	—	—	—	—
Investing cash flow	-177M	-222.4M	-136.2M	-197.5M	-180.4M	-123.3M	-207.4M	—	—	—	—	—
Dividends paid	-113.3M	-112.7M	-123.3M	-122.5M	-121.7M	-121.2M	-133.3M	-132.3M	-131.6M	-130.9M	-143.6M	-142.6M
Share repurchases	-248.6M	-246.6M	-333M	-263.7M	-276.9M	-262.5M	-322.7M	-266.8M	-278M	-262.5M	-452.9M	-321.2M
Financing cash flow	-362M	-359.3M	-456.3M	-386.2M	-648.6M	-383.7M	-1.2B	-399.1M	-409.5M	-393.4M	-1.1B	-463.8M
Net change in cash	-88.1M	318.7M	-223.6M	194.1M	-298.3M	400.5M	-1.1B	269.2M	417.6M	728.3M	-260.5M	412M
Free cash flow	272.5M	726.4M	232.7M	394.6M	333M	676.6M	202.3M	466.6M	617.8M	920.8M	627.1M	624.5M

Date	Ratio
Jun 12, 2015	2:1
Dec 16, 2011	2:1
Dec 19, 2003	2:1
Sep 23, 1999	2:1
Mar 6, 1997	2:1

Ross Stores Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history