Ross Stores, Inc.

ROST · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$61,018	$49,674	$47,228	$40,701	$34,538	$39,322	$39,640	$32,549	$29,111	$23,359	$19,878	$18,966	$14,459	$13,082	$11,481	$7,682	$5,717	$3,805	$3,939	$4,519	$4,116	$4,231	$4,236	$3,051	$2,901	$1,890	$1,150	$1,904	$1,589	$1,023	$492	$260	$335	$589	$513	$144	$279	$296	$154	$133	$288
Enterprise value	$61,636	$50,626	$48,103	$41,856	$35,238	$40,236	$41,777	$31,448	$28,217	$22,644	$19,511	$18,667	$14,174	$12,584	$10,981	$6,995	$5,097	$3,633	$3,826	$4,297	$3,962	$4,099	$4,085	$2,926	$2,861	$1,917	$1,071	$1,824	$1,533	$978	$478	$283	$336	$582	$538	$196	$331	$294	$177	$219	$341
P/E (TTM) at period end	28.45×	23.76×	25.19×	26.92×	20.05×	460.54×	23.87×	20.50×	21.36×	20.90×	19.48×	20.51×	17.27×	16.63×	17.47×	13.85×	12.91×	12.46×	15.09×	18.70×	20.62×	24.90×	18.57×	15.17×	18.71×	12.46×	7.66×	14.23×	13.52×	12.64×	11.36×	7.07×	11.42×	17.33×	18.53×	8.68×	9.38×	11.25×	13.35×	–	40.62×
P/S (TTM) at period end	2.68×	2.35×	2.32×	2.18×	1.83×	3.14×	2.47×	2.17×	2.06×	1.82×	1.66×	1.72×	1.41×	1.35×	1.33×	0.98×	0.80×	0.59×	0.66×	0.81×	0.83×	1.00×	1.08×	0.86×	0.97×	0.70×	0.47×	0.87×	0.80×	0.61×	0.34×	0.21×	0.30×	0.56×	0.55×	0.18×	0.38×	0.47×	0.27×	0.25×	0.77×
P/B at period end	9.86×	9.02×	9.70×	9.49×	8.51×	11.95×	11.80×	9.85×	9.55×	8.50×	8.04×	8.32×	7.20×	7.40×	7.69×	5.76×	4.94×	3.82×	4.06×	4.97×	4.92×	5.53×	5.61×	4.74×	5.33×	4.04×	2.43×	4.48×	4.17×	3.11×	1.69×	1.02×	1.47×	2.81×	3.16×	1.17×	2.69×	2.59×	1.29×	1.56×	2.28×
EV / EBITDA (TTM)	19.16×	16.70×	17.64×	17.55×	13.08×	72.63×	16.73×	13.26×	11.95×	10.76×	10.27×	10.84×	9.15×	8.64×	8.98×	6.55×	5.76×	5.70×	7.06×	8.63×	9.08×	10.50×	8.96×	7.37×	8.93×	6.23×	3.53×	6.95×	6.51×	5.75×	4.48×	3.39×	4.15×	7.44×	8.09×	4.28×	5.07×	–	–	–	–
EV / Sales (TTM)	2.71×	2.40×	2.36×	2.24×	1.86×	3.21×	2.60×	2.10×	2.00×	1.76×	1.63×	1.69×	1.39×	1.29×	1.28×	0.89×	0.71×	0.56×	0.64×	0.77×	0.80×	0.97×	1.04×	0.83×	0.96×	0.71×	0.43×	0.84×	0.77×	0.58×	0.34×	0.22×	0.30×	0.56×	0.58×	0.25×	0.45×	0.47×	0.31×	0.41×	0.91×
Returns
Return on equity	34.7%	37.9%	38.5%	35.3%	42.4%	2.6%	49.4%	48.0%	44.7%	40.7%	41.3%	40.6%	41.7%	44.5%	44.0%	41.6%	38.3%	30.7%	26.9%	26.6%	23.9%	22.2%	30.2%	31.3%	28.5%	32.5%	31.7%	31.5%	30.9%	24.6%	14.9%	14.5%	12.8%	16.2%	17.0%	13.5%	28.7%	23.0%	9.7%	(48.8%)	5.6%
Return on invested capital	30.0%	30.3%	30.5%	27.8%	37.4%	3.6%	30.0%	71.6%	63.4%	55.5%	48.8%	46.8%	48.3%	62.3%	66.8%	86.4%	83.0%	37.0%	30.0%	34.1%	28.5%	25.7%	37.7%	38.9%	31.1%	31.1%	39.4%	38.8%	36.2%	28.5%	16.2%	11.8%	13.4%	17.6%	16.5%	12.3%	21.6%	25.4%	15.6%	0.6%	4.6%
Dividend yield	0.9%	1.0%	1.0%	1.1%	1.2%	0.3%	0.9%	1.0%	0.9%	0.9%	1.0%	0.9%	1.0%	1.0%	0.9%	1.0%	1.0%	1.3%	1.0%	0.7%	0.7%	0.6%	0.4%	0.5%	0.5%	0.7%	1.0%	0.5%	0.6%	0.7%	1.2%	1.9%	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.58×	1.62×	1.77×	1.90×	1.77×	1.69×	1.27×	1.69×	1.64×	1.61×	1.48×	1.36×	1.34×	1.43×	1.43×	1.51×	1.47×	1.38×	1.38×	1.40×	1.40×	1.58×	1.57×	1.50×	1.46×	1.45×	1.45×	1.42×	1.54×	1.44×	1.55×	1.71×	1.81×	1.77×	1.56×	1.60×	1.71×	1.66×	2.27×	2.06×	1.86×
Debt / equity	0.25×	0.40×	0.51×	0.57×	0.60×	0.76×	0.09×	0.09×	0.13×	0.14×	0.16×	0.17×	0.07×	0.08×	0.10×	0.11×	0.13×	0.15×	0.15×	0.16×	0.06×	0.07×	0.07×	0.04×	–	0.14×	–	–	–	–	0.03×	0.18×	0.15×	0.16×	0.25×	0.47×	0.52×	0.39×	0.38×	1.05×	0.44×
Effective tax rate	24.5%	24.2%	24.2%	23.9%	23.7%	19.7%	23.3%	22.6%	33.2%	37.4%	36.7%	37.7%	37.7%	37.8%	37.6%	38.2%	38.4%	38.3%	38.6%	39.3%	39.2%	39.1%	39.1%	39.1%	39.1%	39.1%	39.1%	39.0%	40.0%	40.0%	39.9%	40.0%	40.0%	40.0%	39.0%	34.1%	36.9%	28.9%	39.2%	8.8%	35.5%
Share count
Diluted shares outstanding	324	331	337	345	354	355	361	373	384	395	406	418	432	446	460	480	500	525	549	568	586	601	621	640	650	667	733	766	800	819	787	775	808	824	791	738	769	842	836	808	710

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$24,512	$22,751	$21,129	$20,377	$18,696	$18,916	$12,532	$16,039	$14,984	$14,135	$12,867	$11,940	$11,042	$10,230	$9,721	$8,608	$7,866	$7,184	$6,486	$5,975	$5,570	$4,944	$4,240	$3,921	$3,531	$2,987	$2,709	$2,469	$2,182	$1,989	$1,690	$1,426	$1,262	$1,122	$1,043	$926	$798	$734	$626	$576	$528	$376
Cost of revenue	($17,240)	($16,447)	($15,261)	($14,802)	($13,946)	($13,709)	($9,839)	($11,536)	($10,726)	($10,043)	($9,174)	($8,577)	($7,938)	($7,361)	($7,011)	($6,241)	($5,730)	($5,327)	($4,957)	($4,618)	($4,318)	($3,832)	($3,280)	($2,918)	($2,628)	($2,070)	($1,863)	($1,692)	($1,504)	($1,380)	($1,188)	($1,026)	($915)	($806)	($743)	($656)	($569)	($509)	($438)	($409)	($403)	($269)
Gross profit	$7,272	$6,303	$5,869	$5,575	$4,750	$5,207	$2,693	$4,503	$4,257	$4,092	$3,693	$3,363	$3,104	$2,869	$2,710	$2,368	$2,136	$1,857	$1,530	$1,357	$1,253	$1,112	$960	$1,003	$903	$916	$846	$776	$678	$609	$502	$400	$347	$316	$300	$270	$230	$225	$188	$167	$124	$107
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,902)	($3,596)	($3,283)	($3,268)	($2,759)	($2,874)	($2,503)	($2,357)	($2,217)	($2,044)	($1,890)	($1,739)	($1,615)	($1,526)	($1,438)	($1,304)	($1,230)	($1,131)	($1,034)	($936)	($863)	($786)	($664)	($628)	($572)	($608)	($539)	($473)	($415)	($374)	($332)	($293)	($264)	($236)	($222)	($203)	($184)	($160)	($137)	($122)	($114)	($88)
Total operating expenses	($3,902)	($3,596)	($3,283)	($3,268)	($2,759)	($2,874)	($2,503)	($2,357)	($2,217)	($2,044)	($1,890)	($1,739)	($1,615)	($1,526)	($1,438)	($1,304)	($1,230)	($1,131)	($1,034)	($936)	($863)	($786)	($664)	($628)	($572)	($658)	($594)	($521)	($459)	($413)	($368)	($325)	($293)	($265)	($241)	($219)	($197)	($172)	($148)	($131)	($123)	($94)
Total costs and expenses	($21,142)	($20,043)	($18,544)	($18,069)	($16,705)	($16,583)	($12,342)	($13,893)	($12,943)	($12,086)	($11,064)	($10,316)	($9,553)	($8,887)	($8,449)	($7,545)	($6,960)	($6,458)	($5,991)	($5,554)	($5,181)	($4,619)	($3,944)	($3,546)	($3,201)	($2,729)	($2,456)	($2,213)	($1,963)	($1,793)	($1,555)	($1,352)	($1,208)	($1,071)	($984)	($876)	($766)	($680)	($586)	($540)	($526)	($363)
Operating income	$3,370	$2,707	$2,586	$2,308	$1,990	$2,333	$190	$2,146	$2,041	$2,048	$1,803	$1,624	$1,488	$1,343	$1,272	$1,063	$907	$726	$495	$421	$390	$325	$296	$374	$331	$258	$253	$255	$219	$196	$135	$75	$54	$51	$60	$51	$33	$53	$40	$36	$1	$13
Earnings
EBITDA	$3,910	$3,217	$3,032	$2,727	$2,385	$2,694	$554	$2,497	$2,371	$2,362	$2,105	$1,899	$1,721	$1,549	$1,457	$1,223	$1,067	$885	$637	$542	$498	$436	$390	$456	$397	$320	$308	$303	$263	$235	$170	$107	$83	$81	$78	$66	$46	$65	–	–	–	–
Interest income	$164	$173	$235	$238	$78	$1	$5	$28	$27	$11	$3	$1	$0	$1	$1	$1	$1	$2	$8	$14	$12	$3	$2	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	$70	$135	$172	$164	($3)	($74)	($83)	($13)	($18)	($19)	($19)	($19)	($13)	($10)	($10)	($10)	($10)	($8)	($8)	($10)	($3)	–	($3)	–	($0)	($3)	($3)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$3,503	$2,842	$2,757	$2,472	$1,987	$2,259	$106	$2,164	$2,051	$2,041	$1,786	$1,612	$1,485	$1,343	$1,265	$1,053	$897	$719	$495	$425	$398	$328	$279	$375	$330	$255	$249	$246	$219	$196	$135	$72	$61	$49	$57	$45	$25	$47	$37	$19	($45)	$11
Income tax expense	($844)	($697)	($666)	($597)	($475)	($536)	($21)	($503)	($463)	($678)	($669)	($591)	($561)	($506)	($478)	($396)	($342)	($276)	($190)	($164)	($157)	($129)	($109)	($146)	($129)	($100)	($97)	($96)	($86)	($78)	($54)	($29)	($24)	($20)	($23)	($18)	($9)	($17)	($11)	($7)	$4	($4)
Net income	$2,659	$2,145	$2,091	$1,875	$1,512	$1,723	$85	$1,661	$1,587	$1,363	$1,118	$1,021	$925	$837	$787	$657	$555	$443	$305	$261	$242	$200	$170	$228	$201	$155	$152	$150	$134	$118	$81	$43	$37	$29	$34	$28	$17	$30	$26	$12	($41)	$7
Per share
Diluted EPS (GAAP)	$8.26	$6.61	$6.32	$5.56	$4.38	$4.87	$0.24	$4.60	$4.26	$3.55	$2.83	$2.51	$2.21	$1.94	$1.77	$1.43	$1.16	$0.885	$0.5825	$0.48	$0.43	$0.34	$0.28	$0.37	$0.31	$0.24	$0.23	$0.21	$0.18	$0.15	$0.0988	$0.055	$0.0475	$0.0363	$0.0413	$0.035	$0.0225	$0.0388	$0.0313	$0.0138	($0.0513)	$0.01
Basic EPS (GAAP)	$8.33	$6.66	$6.36	$5.59	$4.40	$4.90	$0.24	$4.63	$4.30	$3.58	$2.85	$2.53	$2.24	$1.97	$1.79	$1.46	$1.18	$0.90	$0.59	$0.48	$0.43	$0.35	$0.29	$0.38	$0.32	$0.24	$0.23	$0.21	$0.18	$0.15	$0.10	$0.055	$0.0475	$0.0363	$0.0413	$0.0363	$0.0225	$0.04	$0.0313	$0.0138	($0.0513)	$0.01
Basic shares outstanding	319	322	329	335	343	351	352	358	370	381	392	403	414	426	438	452	471	492	517	540	558	577	591	609	625	639	661	723	753	783	799	787	775	808	824	764	738	745	842	836	808	710
Margins
Gross margin	29.7%	27.7%	27.8%	27.4%	25.4%	27.5%	21.5%	28.1%	28.4%	29.0%	28.7%	28.2%	28.1%	28.0%	27.9%	27.5%	27.2%	25.8%	23.6%	22.7%	22.5%	22.5%	22.6%	25.6%	25.6%	30.7%	31.2%	31.4%	31.1%	30.6%	29.7%	28.0%	27.5%	28.2%	28.8%	29.1%	28.7%	30.6%	30.1%	29.0%	23.5%	28.4%
Operating margin	13.7%	11.9%	12.2%	11.3%	10.6%	12.3%	1.5%	13.4%	13.6%	14.5%	14.0%	13.6%	13.5%	13.1%	13.1%	12.4%	11.5%	10.1%	7.6%	7.0%	7.0%	6.6%	7.0%	9.5%	9.4%	8.6%	9.3%	10.3%	10.1%	9.8%	8.0%	5.2%	4.3%	4.6%	5.7%	5.5%	4.1%	7.3%	6.4%	6.3%	0.2%	3.4%
Net margin	10.8%	9.4%	9.9%	9.2%	8.1%	9.1%	0.7%	10.4%	10.6%	9.6%	8.7%	8.5%	8.4%	8.2%	8.1%	7.6%	7.1%	6.2%	4.7%	4.4%	4.3%	4.0%	4.0%	5.8%	5.7%	5.2%	5.6%	6.1%	6.1%	5.9%	4.8%	3.0%	2.9%	2.6%	3.3%	3.0%	2.1%	4.1%	4.2%	2.0%	(7.8%)	1.9%

Analyst consensus

Buy47 analysts

Bearish · 4 · Hold · 13 · Bullish · 30

Earnings history

	EPS	Estimate
Q3 2024	$1.48	$1.41	Beat
Q4 2024	$1.79	$1.66	Beat
Q1 2025	$1.47	$1.44	Beat
Q2 2025	$1.56	$1.53	Beat
Q3 2025	$1.58	$1.42	Beat
Q4 2025	$2.00	$1.90	Beat
Q1 2026	$2.02	$1.73	Beat
Q2 2026	$2.66	$1.95	Beat

Peers

Company overview

IPO dateAug 8, 1985

CEOJames G. Conroy

Employees111,000

SectorConsumer Cyclical

IndustryApparel - Retail

CountryUS

ExchangeNASDAQ Global Select

Websitewww.rossstores.com

Ross Stores, Inc., through its various subsidiaries, manages a chain of off-price retail establishments focusing on apparel and home goods. These stores operate under two main brand names: Ross Dress for Less and dd's DISCOUNTS. Their product selection primarily includes clothing, accessories, footwear, and household decor. The Ross Dress for Less outlets primarily serve middle-income households, offering merchandise at prices considerably lower than traditional department and specialty stores. Conversely, dd's DISCOUNTS stores cater to moderate-income households, providing products at prices below those typically found in department and discount stores. As of July 5, 2022, the company had approximately 1,950 stores operating across 40 states, the District of Columbia, and Guam. Ross Stores, Inc. was founded in 1957 and is based in Dublin, California.

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