NASDAQ : ROST
Ross Stores, Inc. — Financial statements
Consumer Discretionary · Apparel Retail · United States
Last price 228.28 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 72.92B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ross Stores, Inc. (ROST) reported revenue of 24.51B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 24.51B | 22.75B | 21.13B | 20.38B | 18.70B | 18.92B |
| Cost of Revenue | 16.33B | 15.34B | 14.21B | 13.82B | 13.02B | 12.83B |
| Gross Profit | 8.18B | 7.41B | 6.92B | 6.56B | 5.68B | 6.09B |
| Selling, General & Admin | 5.07B | 4.70B | 4.33B | 4.25B | 3.69B | 3.76B |
| Operating Expenses | 5.07B | 4.70B | 4.33B | 4.25B | 3.69B | 3.76B |
| Operating Income | 3.12B | 2.71B | 2.59B | 2.31B | 1.99B | 2.33B |
| Interest Expense | -31.73M | -37.94M | -63.39M | -74.09M | -80.55M | -75.16M |
| Interest & Investment Income | 164.37M | 172.74M | 234.96M | 238.21M | 77.71M | 833.00K |
| Pretax Income | 3.50B | 2.84B | 2.76B | 2.47B | 1.99B | 2.26B |
| Income Tax Expense | 843.83M | 697.11M | 666.42M | 597.26M | 475.45M | 535.95M |
| Net Income | 2.66B | 2.15B | 2.09B | 1.87B | 1.51B | 1.72B |
| Net Income to Common | 2.66B | 2.15B | 2.09B | 1.87B | 1.51B | 1.72B |
| Shares Outstanding (Basic) | 319.41M | 322.22M | 328.59M | 335.19M | 343.45M | 351.50M |
| Shares Outstanding (Diluted) | 321.63M | 324.42M | 330.98M | 337.43M | 345.22M | 353.73M |
| EPS (Basic) | 8.32 | 6.66 | 6.36 | 5.59 | 4.40 | 4.90 |
| EPS (Diluted) | 8.27 | 6.61 | 6.32 | 5.56 | 4.38 | 4.87 |
| Free Cash Flow | 2.79B | 2.21B | 1.64B | 1.75B | 1.04B | 1.18B |
| Free Cash Flow Per Share | 8.68 | 6.80 | 4.95 | 5.19 | 3.00 | 3.34 |
| Dividend Per Share | 1.70 | 1.62 | 1.47 | 1.34 | 1.24 | 1.14 |
| Gross Margin | 33.38% | 32.56% | 32.73% | 32.17% | 30.37% | 32.19% |
| Operating Margin | 12.72% | 11.90% | 12.24% | 11.33% | 10.65% | 12.33% |
| Profit Margin | 10.85% | 9.43% | 9.89% | 9.20% | 8.09% | 9.11% |
| Free Cash Flow Margin | 11.38% | 9.70% | 7.75% | 8.60% | 5.54% | 6.24% |
| EBITDA | 3.66B | 3.22B | 3.03B | 2.73B | 2.38B | 2.69B |
| EBITDA Margin | 14.92% | 14.14% | 14.35% | 13.38% | 12.76% | 14.24% |
| D&A For EBITDA | 539.84M | 509.39M | 446.79M | 419.43M | 394.65M | 360.66M |
| EBIT | 3.12B | 2.71B | 2.59B | 2.31B | 1.99B | 2.33B |
| EBIT Margin | 12.72% | 11.90% | 12.24% | 11.33% | 10.65% | 12.33% |
| Effective Tax Rate | 24.09% | 24.53% | 24.17% | 24.16% | 23.92% | 23.73% |
| Advertising Expenses | 82.00M | 70.20M | 67.70M | 66.50M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.29B | 4.59B | 4.73B | 4.87B | 4.55B | 4.92B |
| Cash & Short-Term Investments | 4.29B | 4.59B | 4.73B | 4.87B | 4.55B | 4.92B |
| Receivables | 248.14M | 194.10M | 156.88M | 142.87M | 157.49M | 129.75M |
| Inventory | 3.09B | 2.63B | 2.44B | 2.19B | 2.02B | 2.26B |
| Prepaid Expenses | 231.40M | 199.68M | 189.47M | 176.12M | 159.18M | 147.39M |
| Restricted Cash | 21.33M | 20.95M | 17.09M | 14.49M | 12.68M | 11.40M |
| Total Current Assets | 7.88B | 7.64B | 7.54B | 7.40B | 6.90B | 7.47B |
| Property, Plant & Equipment | 7.80B | 7.61B | 7.09B | 6.66B | 6.28B | 5.93B |
| Other Long-Term Assets | 302.76M | 300.27M | 279.38M | 243.23M | 232.08M | 241.28M |
| Total Assets | 15.98B | 15.55B | 14.91B | 14.30B | 13.42B | 13.64B |
| Accounts Payable | 2.62B | 2.39B | 2.13B | 1.96B | 2.01B | 2.37B |
| Accrued Expenses | 1.19B | 1.13B | 1.06B | 1.20B | 895.17M | 1.18B |
| Current Portion of Long-Term Debt | 241.46M | 499.74M | 699.73M | 249.71M | ||
| Current Portion of Leases | 752.30M | 727.86M | 703.34M | 683.62M | 655.98M | 630.52M |
| Current Income Taxes Payable | 84.92M | 61.78M | 43.67M | 76.37M | 52.08M | 10.25M |
| Other Current Liabilities | 25.20M | 24.10M | 23.70M | 23.10M | 20.30M | |
| Total Current Liabilities | 4.89B | 4.83B | 4.66B | 4.19B | 3.64B | 4.21B |
| Long-Term Debt | 777.05M | 1.02B | 1.52B | 2.21B | 2.46B | 2.45B |
| Long-Term Leases | 2.97B | 2.97B | 2.76B | 2.60B | 2.59B | 2.54B |
| Long-Term Deferred Tax Liabilities | 312.56M | 261.43M | 187.04M | 196.24M | 217.06M | 137.64M |
| Other Long-Term Liabilities | 295.61M | 287.95M | 267.91M | 232.38M | 224.10M | 236.01M |
| Total Liabilities | 9.24B | 9.36B | 9.40B | 9.43B | 9.13B | 9.58B |
| Common Stock | 3.20M | 3.22M | 3.29M | 3.35M | 3.43M | 3.52M |
| Additional Paid-In Capital | 2.36B | 2.26B | 2.10B | 1.95B | 1.82B | 1.72B |
| Retained Earnings | 5.32B | 4.73B | 4.13B | 3.55B | 3.05B | 2.87B |
| Treasury Stock | -935.88M | -799.29M | -719.41M | -633.32M | -584.75M | -535.89M |
| Shareholders' Equity | 6.74B | 6.19B | 5.51B | 4.87B | 4.29B | 4.06B |
| Total Liabilities & Equity | 15.98B | 15.55B | 14.91B | 14.30B | 13.42B | 13.64B |
| Total Debt | 4.74B | 5.21B | 5.68B | 5.75B | 5.71B | 5.62B |
| Net Cash (Debt) | -451.03M | -617.95M | -951.68M | -875.26M | -1.15B | -699.77M |
| Net Cash Per Share | -1.40 | -1.90 | -2.88 | -2.59 | -3.34 | -1.98 |
| Filing Date Shares Outstanding | 319.45M | 322.36M | 328.82M | 335.17M | 342.05M | 350.89M |
| Total Common Shares Outstanding | 319.67M | 322.33M | 328.81M | 335.17M | 342.75M | 351.72M |
| Working Capital | 2.99B | 2.81B | 2.88B | 3.21B | 3.27B | 3.26B |
| Book Value Per Share | 21.09 | 19.20 | 16.75 | 14.53 | 12.51 | 11.54 |
| Tangible Book Value | 6.74B | 6.19B | 5.51B | 4.87B | 4.29B | 4.06B |
| Tangible Book Value Per Share | 21.09 | 19.20 | 16.75 | 14.53 | 12.51 | 11.54 |
| Land | 1.84B | 1.84B | 1.49B | 1.49B | 1.50B | 1.24B |
| Machinery | 5.31B | 5.06B | 4.52B | 4.22B | 3.96B | 3.43B |
| Construction In Progress | 558.84M | 477.29M | 807.26M | 628.73M | 319.32M | 574.33M |
| Leasehold Improvements | 1.90B | 1.86B | 1.70B | 1.58B | 1.43B | 1.33B |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.66B | 2.15B | 2.09B | 1.87B | 1.51B | 1.72B |
| Depreciation & Amortization | 539.84M | 509.39M | 446.79M | 419.43M | 394.65M | 360.66M |
| Loss (Gain) From Sale of Assets | -61.58M | |||||
| Stock-Based Compensation | 198.49M | 175.35M | 156.30M | 145.49M | 121.94M | 134.22M |
| Other Operating Activities | 73.57M | 74.39M | -9.20M | -20.82M | 79.42M | 15.78M |
| Change in Inventory | -478.88M | -186.46M | -252.29M | -168.72M | 238.78M | -753.29M |
| Change in Accounts Payable | 409.61M | 285.24M | 154.66M | -65.33M | -365.26M | 135.31M |
| Change in Income Taxes | 101.09M | 17.16M | -27.46M | 22.93M | 33.88M | -44.58M |
| Change in Other Net Operating Assets | 157.78M | 6.76M | -140.97M | 306.99M | -326.07M | 168.16M |
| Operating Cash Flow | 3.66B | 3.03B | 2.36B | 2.51B | 1.69B | 1.74B |
| Capital Expenditures | -870.39M | -819.27M | -720.10M | -762.81M | -654.07M | -557.84M |
| Sale of Property, Plant & Equipment | 82.64M | |||||
| Investing Cash Flow | -870.39M | -819.27M | -637.46M | -762.81M | -654.07M | -557.84M |
| Long-Term Debt Repaid | -700.00M | -250.00M | -65.00M | |||
| Total Debt Repaid | -500.00M | -700.00M | -250.00M | -65.00M | ||
| Net Debt Issued (Repaid) | -500.00M | -700.00M | -250.00M | -65.00M | ||
| Issuance of Common Stock | 26.13M | 25.33M | 25.09M | 24.90M | 24.70M | 25.07M |
| Repurchase of Common Stock | -1.32B | -1.14B | -1.14B | -998.56M | -998.85M | -707.34M |
| Common Dividends Paid | -548.64M | -528.09M | -488.72M | -454.81M | -431.30M | -405.12M |
| Financing Cash Flow | -2.35B | -2.34B | -1.86B | -1.43B | -1.41B | -1.15B |
| Net Cash Flow | 443.63M | -134.49M | -138.98M | 323.20M | -370.14M | 28.61M |
| Free Cash Flow | 2.79B | 2.21B | 1.64B | 1.75B | 1.04B | 1.18B |
| Free Cash Flow Margin | 11.38% | 9.70% | 7.75% | 8.60% | 5.54% | 6.24% |
| Free Cash Flow Per Share | 8.68 | 6.80 | 4.95 | 5.19 | 3.00 | 3.34 |
| Levered Free Cash Flow | 2.00B | 1.64B | 1.18B | 1.30B | 649.96M | 950.90M |
| Unlevered Free Cash Flow | 2.02B | 1.66B | 1.22B | 1.34B | 700.30M | 997.88M |
| Cash Interest Paid | 39.68M | 55.78M | 80.32M | 80.32M | 80.32M | 84.33M |
| Cash Income Tax Paid | 669.17M | 605.57M | 703.08M | 595.15M | 362.16M | 564.75M |
| Change in Working Capital | 189.60M | 122.71M | -266.06M | 95.87M | -418.68M | -494.40M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 72.92B | 61.02B | 49.67B | 48.37B | 41.15B | 33.84B |
| Enterprise Value | 73.38B | 62.15B | 51.06B | 49.65B | 42.95B | 34.27B |
| Last Close Price | 228.28 | 187.52 | 148.02 | 139.87 | 114.95 | 90.91 |
| PE Ratio | 27.61 | 28.45 | 23.76 | 25.80 | 27.21 | 19.64 |
| Forward PE | 26.76 | 26.92 | 23.09 | 24.80 | 24.47 | 18.79 |
| PS Ratio | 2.98 | 2.68 | 2.35 | 2.37 | 2.20 | 1.79 |
| PB Ratio | 10.82 | 9.86 | 9.02 | 9.93 | 9.59 | 8.33 |
| P/TBV Ratio | 10.81 | 9.86 | 9.02 | 9.93 | 9.59 | 8.33 |
| P/FCF Ratio | 26.14 | 27.64 | 30.35 | 27.61 | 39.74 | 28.65 |
| P/OCF Ratio | 19.92 | 20.16 | 21.07 | 19.24 | 24.36 | 19.46 |
| PEG Ratio | 1.94 | 4.00 | 2.53 | 2.18 | 3.24 | 0.49 |
| EV/Sales Ratio | 2.99 | 2.73 | 2.42 | 2.44 | 2.30 | 1.81 |
| EV/EBITDA Ratio | 20.06 | 19.32 | 16.84 | 18.21 | 18.01 | 12.72 |
| EV/EBIT Ratio | 23.54 | 22.95 | 19.75 | 21.52 | 21.58 | 14.69 |
| EV/FCF Ratio | 26.30 | 28.15 | 31.19 | 28.35 | 41.48 | 29.02 |
| Debt / Equity Ratio | 0.70 | 0.84 | 1.03 | 1.18 | 1.33 | 1.39 |
| Debt / EBITDA Ratio | 0.98 | 1.21 | 1.39 | 1.55 | 1.72 | 1.57 |
| Debt / FCF Ratio | 1.70 | 2.36 | 3.47 | 3.28 | 5.51 | 4.76 |
| Net Debt / Equity Ratio | 0.07 | 0.10 | 0.17 | 0.18 | 0.27 | 0.17 |
| Net Debt / EBITDA Ratio | 0.12 | 0.19 | 0.31 | 0.32 | 0.48 | 0.26 |
| Net Debt / FCF Ratio | 0.16 | 0.28 | 0.58 | 0.50 | 1.11 | 0.59 |
| Asset Turnover | 1.61 | 1.49 | 1.45 | 1.47 | 1.38 | 1.44 |
| Inventory Turnover | 5.73 | 6.05 | 6.13 | 6.56 | 6.08 | 6.80 |
| Quick Ratio | 0.93 | 0.99 | 1.05 | 1.20 | 1.29 | 1.20 |
| Current Ratio | 1.61 | 1.58 | 1.62 | 1.77 | 1.90 | 1.77 |
| Return on Equity (ROE) | 42.63% | 36.68% | 40.28% | 40.93% | 36.22% | 46.87% |
| Return on Assets (ROA) | 12.78% | 11.11% | 11.07% | 10.41% | 9.20% | 11.06% |
| Return on Invested Capital (ROIC) | 33.59% | 30.80% | 32.12% | 31.28% | 29.68% | 39.70% |
| Return on Capital Employed (ROCE) | 28.10% | 25.30% | 25.20% | 22.80% | 20.40% | 24.80% |
| Earnings Yield | 3.62% | 3.52% | 4.21% | 3.88% | 3.67% | 5.09% |
| FCF Yield | 3.83% | 3.62% | 3.29% | 3.62% | 2.52% | 3.49% |
| Dividend Yield | 0.78% | 0.86% | 0.97% | 0.93% | 1.03% | 1.19% |
| Payout Ratio | 21.53% | 24.62% | 23.38% | 24.26% | 28.52% | 23.52% |
| Buyback Yield / Dilution | 1.83% | 1.98% | 1.91% | 2.26% | 2.41% | 0.25% |
| Total Shareholder Return | 2.61% | 2.84% | 2.88% | 3.18% | 3.44% | 1.44% |