ROST (Ross Stores, Inc.) Stock Financials & Earnings

ROSTRoss Stores, Inc.

Mkt Cap$70B

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

Revenue (TTM)$22.8B

Net Income (TTM)$2.1B

EPS (TTM)$6.61

Free Cash Flow (TTM)$2.2B

Gross Margin27.9%

Op. Margin11.9%

Net Margin9.4%

FCF Margin9.7%

P/S Ratio (TTM)3.1x

P/E Ratio (TTM)32.5x

YoY Rev Growth+7.7%

Employees—

Earnings Reports

▶Q4 2025NEW

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 ap...

CEO James G. ConroyIPO Aug 8, 1985www.rossstores.com

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
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 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

CapEx

Quarter	CapEx
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

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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 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 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 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 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
Q1 23	340M	-0.6%
Q2 23	338M	-0.6%
Q3 23	336M	-0.5%
Q4 23	335M	-0.4%
Q1 24	334M	-0.4%
Q2 24	332M	-0.7%
Q3 24	330M	-0.5%
Q4 24	329M	-0.4%
Q1 25	327M	-0.5%
Q2 25	326M	-0.3%
Q3 25	325M	-0.3%
Q4 25	323M	-0.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$155K	71K
FY 15	$153K	78K
FY 16	$164K	79K
FY 17	$180K	79K
FY 18	$181K	83K
FY 19	$182K	88K
FY 20	$134K	94K
FY 21	$189K	100K
FY 22	$185K	101K
FY 23	$202K	101K
FY 24	$196K	108K
FY 25	$213K	107K