ROST FY 2024 Earnings Report — Ross Stores, Inc. Revenue & Financial Results | Market Cap Arena

Ross Stores, Inc.ROST

FY 2024 Earnings

Reported March 31, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$21.1B	—	$20.4B	—	3.7%
Op. Income	$2.6B	—	$2.3B	—	12.0%
Gross Margin	27.8%	—	27.4%	—	0.4pp
Net Margin	9.9%	—	9.2%	—	0.7pp
EPS (Diluted)	$6.32	—	$5.56	—	13.7%
Free Cash Flow	$1.6B	—	$1.8B	—	-6.6%

Revenue Flow

Item	Amount
REVENUE	$21.1B
Cost of Revenue	$15.3B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$18.5B
OPERATING INCOME	$2.6B
Interest Income	$235M
Interest Expense	$63M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$666M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$447M
EBIT	$2.8B
EBITDA	$3.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$21.1B
Cost of Revenue	$15.3B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$18.5B
OPERATING INCOME	$2.6B
Interest Income	$235M
Interest Expense	$63M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$666M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$447M
EBIT	$2.8B
EBITDA	$3.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$447M
Stock-Based Compensation	$156M
Deferred Income Tax	-$9M
Other Non-Cash Items	-$62M
Change in Working Capital	-$266M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$720M
Acquisitions (Net)	$83M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$637M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$489M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$139M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.7B
Short-Term Investments	$0
Net Receivables	$144M
Inventory	$2.4B
Other Current Assets	$219M
TOTAL CURRENT ASSETS	$7.5B
PP&E (Net)	$7.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$49M
Tax Assets	$0
Other Non-Current Assets	$231M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$14.9B
Account Payables	$2.1B
Short-Term Debt	$700M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$187M
Other Non-Current Liabilities	$268M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$9.4B
Common Stock	$3M
Additional Paid-In Capital	$2.1B
Retained Earnings	$4.1B
Treasury Stock	-$719M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$0
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$5.7B
Net Debt	$952M