ROST

MKT CAP:$73B

Ross Stores, Inc.

Market Cap

$73B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Apparel - Retail·🇺🇸·NASDAQ

Stock Price

$226.11+$43.37 (+23.73%)

Apr 24, 2026

Company Details

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names. Its stores primarily offer apparel, accessories, footwear, and home f...

CEO

James G. Conroy

IPO Date

Aug 8, 1985

Website

www.rossstores.com

Key Metrics TTM

Revenue

$22.8B

+7.7% YoY

Net Income

$2.1B

EPS (Diluted)

$6.61

Free Cash Flow

$2.2B

Revenue / Share

$70.45

Gross Margin

27.9%

Operating Margin

11.9%

Net Margin

9.4%

FCF Margin

9.7%

P/S

3.2x

P/E

34.1x

Earnings Reports

FY 2025

Mar 3, 2026

$22.8B+7.7%EPS $6.61

Q4 2025

Mar 3, 2026

$6.6B+12.2%EPS $2.00

Q3 2025

Dec 9, 2025

$5.6B+10.4%EPS $1.58

Q2 2025

Sep 9, 2025

$5.5B+4.6%EPS $1.56

Q1 2025

Jun 10, 2025

$5.0B+2.6%EPS $1.47

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$4.3B	$1.1B	$467M
Q2 22	$4.6B	$1.2B	$516M
Q3 22	$4.6B	$1.1B	$448M
Q4 22	$5.2B	$1.3B	$559M
Q1 23	$4.5B	$1.2B	$456M
Q2 23	$4.9B	$1.4B	$558M
Q3 23	$4.9B	$1.4B	$550M
Q4 23	$6.0B	$1.6B	$744M
Q1 24	$4.9B	$1.4B	$591M
Q2 24	$5.3B	$1.5B	$659M
Q3 24	$5.1B	$1.4B	$604M
Q4 24	$5.9B	$1.6B	$731M
Q1 25	$5.0B	$1.4B	$606M
Q2 25	$5.5B	$1.5B	$638M
Q3 25	$5.6B	$1.6B	$648M
Q4 25	$6.6B	$1.9B	$814M

Valuation

Quarter	P/S	P/E
Q1 22	1.9x	22.1x
Q2 22	1.5x	19.1x
Q3 22	1.8x	22.7x
Q4 22	2.2x	26.7x
Q1 23	1.9x	23.0x
Q2 23	2.0x	23.9x
Q3 23	1.9x	22.3x
Q4 23	2.3x	25.3x
Q1 24	2.1x	21.9x
Q2 24	2.1x	21.7x
Q3 24	2.2x	21.7x
Q4 24	2.3x	22.9x
Q1 25	2.2x	22.0x
Q2 25	2.1x	22.2x
Q3 25	2.4x	25.0x
Q4 25	2.7x	28.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$416M	-$526M
Q2 22	$360M	$227M
Q3 22	$529M	$354M
Q4 22	$1.2B	$981M
Q1 23	$413M	$246M
Q2 23	$703M	$507M
Q3 23	$449M	$272M
Q4 23	$949M	$726M
Q1 24	$369M	$233M
Q2 24	$592M	$395M
Q3 24	$513M	$333M
Q4 24	$883M	$677M
Q1 25	$410M	$202M
Q2 25	$668M	$467M
Q3 25	$827M	$618M
Q4 25	$1.1B	$921M

Capital Expenditures

Quarter	CapEx
Q1 22	$110M
Q2 22	$133M
Q3 22	$175M
Q4 22	$236M
Q1 23	$167M
Q2 23	$196M
Q3 23	$177M
Q4 23	$222M
Q1 24	$136M
Q2 24	$197M
Q3 24	$180M
Q4 24	$206M
Q1 25	$207M
Q2 25	$202M
Q3 25	$209M
Q4 25	$201M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-4.1%	-0.2%
Q2 22	-4.6%	-1.5%
Q3 22	-0.2%	+1.6%
Q4 22	+3.9%	+2.8%
Q1 23	+3.7%	+4.5%
Q2 23	+7.7%	+7.6%
Q3 23	+7.9%	+6.2%
Q4 23	+15.5%	+13.4%
Q1 24	+8.1%	+5.6%
Q2 24	+7.1%	+5.7%
Q3 24	+3.0%	+2.1%
Q4 24	-1.8%	-1.8%
Q1 25	+2.6%	+2.6%
Q2 25	+4.6%	+5.7%
Q3 25	+10.4%	+10.9%
Q4 25	+12.2%	+12.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$36M	0.8%
Q2 22	$27M	0.6%
Q3 22	$29M	0.6%
Q4 22	$30M	0.6%
Q1 23	$33M	0.7%
Q2 23	$39M	0.8%
Q3 23	$39M	0.8%
Q4 23	$34M	0.6%
Q1 24	$40M	0.8%
Q2 24	$38M	0.7%
Q3 24	$39M	0.8%
Q4 24	$39M	0.7%
Q1 25	$39M	0.8%
Q2 25	$44M	0.8%
Q3 25	$45M	0.8%
Q4 25	$47M	0.7%

OpEx Breakdown

Quarter	SG&A
Q1 22	$669M
Q2 22	$667M
Q3 22	$693M
Q4 22	$729M
Q1 23	$746M
Q2 23	$808M
Q3 23	$810M
Q4 23	$903M
Q1 24	$776M
Q2 24	$836M
Q3 24	$833M
Q4 24	$838M
Q1 25	$797M
Q2 25	$889M
Q3 25	$920M
Q4 25	$1.0B

Revenue Segments

Quarter	Accessories, Lingerie, Fine Jewelry, And Cosmetics	Childrens	Home Accents and Bed and Bath	Ladies	Mens	Shoes
Q1 22	$607M	$390M	$1.1B	$1.0B	$607M	$563M
Q2 22	$642M	$367M	$1.1B	$1.1B	$733M	$596M
Q3 22	$594M	$411M	$1.1B	$1.1B	$685M	$594M
Q1 23	$629M	$405M	$1.2B	$1.1B	$629M	$584M
Q2 23	$740M	$395M	$1.2B	$1.2B	$790M	$642M
Q3 23	$689M	$443M	$1.2B	$1.1B	$788M	$640M
Q1 24	$729M	$437M	$1.3B	$1.1B	$680M	$632M
Q2 24	$740M	$476M	$1.3B	$1.2B	$899M	$687M
Q3 24	$710M	$456M	$1.3B	$1.2B	$811M	$659M
Q2 25	$829M	$498M	$1.3B	$1.3B	$940M	$719M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4.0B	$0	$4.0B
Q2 22	$3.9B	$0	$3.9B
Q3 22	$3.9B	$0	$3.9B
Q4 22	$4.6B	$0	$4.6B
Q1 23	$4.4B	$0	$4.4B
Q2 23	$4.6B	$0	$4.6B
Q3 23	$4.5B	$0	$4.5B
Q4 23	$4.9B	$0	$4.9B
Q1 24	$4.7B	$0	$4.7B
Q2 24	$4.7B	$0	$4.7B
Q3 24	$4.3B	$0	$4.3B
Q4 24	$4.7B	$0	$4.7B
Q1 25	$3.8B	$0	$3.8B
Q2 25	$3.8B	$0	$3.8B
Q3 25	$4.1B	$0	$4.1B
Q4 25	$4.6B	$0	$4.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	349M	-0.7%	-1.8%
Q2 22	346M	-0.8%	-2.5%
Q3 22	344M	-0.7%	-2.7%
Q4 22	342M	-0.5%	-2.6%
Q1 23	340M	-0.6%	-2.5%
Q2 23	338M	-0.6%	-2.4%
Q3 23	336M	-0.5%	-2.2%
Q4 23	335M	-0.4%	-2.1%
Q1 24	334M	-0.4%	-1.9%
Q2 24	332M	-0.7%	-1.9%
Q3 24	330M	-0.5%	-1.9%
Q4 24	329M	-0.4%	-1.9%
Q1 25	327M	-0.5%	-2.0%
Q2 25	326M	-0.3%	-1.7%
Q3 25	325M	-0.3%	-1.5%
Q4 25	323M	-0.7%	-1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$43.3K	100K
Q2 22	$45.8K	100K
Q3 22	$45.7K	100K
Q4 22	$51.6K	101K
Q1 23	$44.5K	101K
Q2 23	$48.9K	101K
Q3 23	$48.8K	101K
Q4 23	$59.6K	101K
Q1 24	$45.0K	108K
Q2 24	$49.0K	108K
Q3 24	$47.0K	108K
Q4 24	$54.7K	108K
Q1 25	$46.6K	107K
Q2 25	$51.7K	107K
Q3 25	$52.3K	107K
Q4 25	$62.0K	107K

Revenue / Employee