A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
ROSS STORES, INC.
ROST
$77.5B
Mkt Cap
$238.89
+2.80%
ROSS STORES, INC. (ROST) has a current P/E ratio of 37.3, compared to its historical median P/E of 22.1. The stock is currently considered Expensive based on its historical valuation range.
ROSS STORES, INC. (ROST) has a 5-year average return on invested capital (ROIC) of 89.8%. This indicates strong capital allocation and a potential competitive advantage.
ROSS STORES, INC. (ROST) has a market capitalization of $77.3B. It is classified as a large-cap stock.
Yes, ROSS STORES, INC. (ROST) pays a dividend with a trailing twelve-month yield of 0.67%. The company also returns capital through share buybacks, with a buyback yield of 1.36%.
Based on historical P/E analysis, ROSS STORES, INC. (ROST) appears expensive. The current P/E of 37.3 is 69% above its historical median of 22.1. The estimated fair value CAGR (P/E method) is 15.6%.
ROSS STORES, INC. (ROST) operates in the Retail-Family Clothing Stores industry, within the Consumer Cyclical sector.
ROSS STORES, INC. (ROST) reported annual revenue of $22.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ross Stores operates two off-price retail apparel and home fashion brands: Ross Dress for Less, the largest off-price chain in the United States with 1,831 locations across 43 states and territories, and dd's DISCOUNTS with 355 stores in 22 states, targeting middle-income and lower-to-moderate-income households respectively. Both brands employ an off-price buying model that sources first-quality, in-season merchandise directly from manufacturers at net prices lower than department and specialty stores, enabling daily discounts of 20–60% at Ross and 20–70% at dd's DISCOUNTS; the company purchases merchandise through opportunistic close-out buys, upfront purchases from brands and factories, and packaway inventory held in warehouses for seasonal release. The business model emphasizes low operating costs through self-service store formats, centralized merchandising and purchasing decisions, and flexible real estate strategies, with merchandise refreshed three to six times weekly and buyers reviewing assortments weekly to respond to trends. Distribution occurs through owned, leased, and third-party cross-dock facilities serving stores three to six times per week, supported by highly automated distribution centers and warehouse facilities designed for the off-price model. The company's competitive advantages include a large network of over 800 merchants with deep vendor relationships, strategic buying offices in New York City and Los Angeles, experienced merchant teams, and organized in-store environments designed for treasure-hunt shopping with clear signage, sizing markers, and efficient checkout areas.
【Sustained comp growth momentum】 Management exited fiscal 2025 with accelerating business momentum, citing strong customer engagement driven by branded merchandise strategy, marketing investments, and in-store experience enhancements that are expected to continue supporting comparable store sales growth into fiscal 2026. The company anticipates merchandise margin expansion and distribution cost leverage as it anniversaries new distribution center openings, while managing tariff-related pressures that are expected to normalize and stabilize pricing across the retail industry. Capital investments are planned for supply chain expansion, including continued buildout of distribution centers and store refreshes across the chain, alongside pilot programs for self-checkout technology in high-volume stores to improve customer throughput. Management remains focused on balancing top-line growth initiatives with disciplined expense control and is confident in maintaining strong unit economics as it pursues 5% annual store growth with new store productivity targeted at 70–75% of mature store levels.
| Metric | Target | Period |
|---|---|---|
| Comparable store sales growth | 3%-4% | FY2026 (52 weeks ended January 30, 2027) |
| Earnings per share | $7.02-$7.36 | FY2026 (52 weeks ended January 30, 2027) |
| Total sales growth | 5%-7% | FY2026 (52 weeks ended January 30, 2027) |
| Operating margin | 12%-12.3% | FY2026 (52 weeks ended January 30, 2027) |
| New store openings | approximately 110 locations (85 Ross and 25 dd's DISCOUNTS) | FY2026 (52 weeks ended January 30, 2027) |
| Capital expenditures | approximately $1.1 billion | FY2026 (52 weeks ended January 30, 2027) |
Comparable store sales growth (FY2026 (52 weeks ended January 30, 2027)): “For the 52 weeks ended January thirtieth, 2027, we are forecasting same store sales to be up 3%-4%”
Earnings per share (FY2026 (52 weeks ended January 30, 2027)): “earnings per share to be $7.02-$7.36, compared to $6.61 for fiscal 2025”
Total sales growth (FY2026 (52 weeks ended January 30, 2027)): “Total sales are projected to be up 5%-7% for the year”
Operating margin (FY2026 (52 weeks ended January 30, 2027)): “operating margin for the full year is expected to be in the range of 12%-12.3%, compared to 11.9% in 2025”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 22.0B | 22.8B | 21.1B | 20.4B | 18.7B | 18.9B |
| Net Income | 2.1B | 2.1B | 2.1B | 1.9B | 1.5B | 1.7B |
| EPS | $6.39 | $6.61 | $6.32 | $5.56 | $4.38 | $4.87 |
| Free Cash Flow | 2.0B | 2.2B | 1.6B | 1.8B | 1.0B | 1.2B |
| ROIC | 12.8% | 75.6% | 75.4% | 75.2% | 80.0% | 142.7% |
| Gross Margin | - | 27.7% | 27.8% | 27.4% | 25.4% | 27.5% |
| Debt/Equity | 0.34 | 0.25 | 0.40 | 0.51 | 0.57 | 0.60 |
| Dividends/Share | $1.60 | $1.62 | $1.47 | $1.34 | $1.24 | $1.14 |
| Operating Income | 2.6B | 2.7B | 2.6B | 2.3B | 2.0B | 2.3B |
| Operating Margin | 11.9% | 11.9% | 12.2% | 11.3% | 10.6% | 12.4% |
| ROE | 35.5% | 36.7% | 40.3% | 40.9% | 36.2% | 46.9% |
| Shares Outstanding | 323M | 325M | 331M | 337M | 345M | 354M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 11.0B | 11.9B | 12.9B | 14.1B | 15.0B | 16.0B | 12.5B | 18.9B | 18.7B | 20.4B | 21.1B | 22.8B | 22.0B |
| Gross Margin | 28.1% | 28.2% | 28.7% | 29.0% | 28.4% | 28.1% | 21.5% | 27.5% | 25.4% | 27.4% | 27.8% | 27.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.4B | 2.5B | 2.9B | 2.8B | 3.3B | 3.3B | 3.6B | 3.4B |
| EBIT | 1.5B | 1.6B | 1.8B | 2.1B | 2.1B | 2.2B | 195M | 2.3B | 2.0B | 2.3B | 2.6B | 2.7B | 2.6B |
| Op. Margin | 13.6% | 13.7% | 14.0% | 14.6% | 13.8% | 13.5% | 1.6% | 12.4% | 10.6% | 11.3% | 12.2% | 11.9% | 11.9% |
| Net Income | 925M | 1.0B | 1.1B | 1.4B | 1.6B | 1.7B | 85M | 1.7B | 1.5B | 1.9B | 2.1B | 2.1B | 2.1B |
| Net Margin | 8.4% | 8.5% | 8.7% | 9.6% | 10.6% | 10.4% | 0.7% | 9.1% | 8.1% | 9.2% | 9.9% | 9.4% | 9.5% |
| Non-Recurring | 0 | 0 | 0 | 6.3M | 0 | 0 | 0 | 0 | 0 | 0 | 62M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 50.3% | 50.6% | 54.6% | 65.7% | 74.7% | 73.6% | 9.5% | 142.7% | 80.0% | 75.2% | 75.4% | 75.6% | 12.8% |
| ROE | 43.1% | 43.0% | 42.8% | 47.0% | 50.0% | 49.8% | 2.6% | 46.9% | 36.2% | 40.9% | 40.3% | 36.7% | 35.5% |
| ROA | 21.5% | 21.4% | 22.0% | 24.7% | 26.9% | 21.5% | 0.8% | 13.1% | 11.2% | 13.5% | 14.3% | 14.1% | 13.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.4B | 1.3B | 1.6B | 1.7B | 2.1B | 2.2B | 2.2B | 1.7B | 1.7B | 2.5B | 2.4B | 3.0B | 2.8B |
| Free Cash Flow | 726M | 959M | 1.3B | 1.3B | 1.7B | 1.6B | 1.8B | 1.2B | 1.0B | 1.8B | 1.6B | 2.2B | 2.0B |
| Owner Earnings | 1.1B | 980M | 1.2B | 1.3B | 1.6B | 1.7B | 1.8B | 1.2B | 1.2B | 1.9B | 1.8B | 2.3B | 2.1B |
| CapEx | 647M | 367M | 298M | 371M | 414M | 555M | 405M | 558M | 654M | 763M | 720M | 819M | 824M |
| Maint. CapEx | 233M | 275M | 303M | 313M | 330M | 351M | 364M | 361M | 395M | 419M | 447M | 509M | 492M |
| Growth CapEx | 414M | 92M | 0 | 58M | 84M | 205M | 41M | 197M | 259M | 343M | 273M | 310M | 333M |
| D&A | 233M | 275M | 303M | 313M | 330M | 351M | 364M | 361M | 395M | 419M | 447M | 509M | 492M |
| CapEx/OCF | 47.1% | 27.7% | 19.1% | 22.1% | 20.0% | 25.6% | 18.1% | 32.1% | 38.7% | 30.3% | 30.6% | N/A | 29.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 168M | 192M | 215M | 248M | 337M | 370M | 101M | 405M | 431M | 455M | 489M | 528M | 518M |
| Dividend Yield | 0.6% | 1.0% | 1.0% | 1.1% | 1.1% | 1.0% | 0.3% | 1.0% | 1.4% | 1.2% | 1.0% | N/A | 0.7% |
| Share Buybacks | 550M | 700M | 700M | 875M | 1.1B | 1.3B | 132M | 650M | 950M | 950M | 1.0B | 1.1B | 1.1B |
| Buyback Yield | 2.8% | 3.4% | 2.8% | 3.2% | 3.3% | 3.4% | 0.3% | 2.1% | 2.6% | 1.9% | 2.3% | 0.0% | 1.4% |
| Stock-Based Comp | 53M | 71M | 75M | 87M | 96M | 95M | 102M | 134M | 122M | 145M | 156M | 175M | 167M |
| Debt Repayment | 0 | 0 | 0 | 0 | 85M | 0 | 775M | 65M | 0 | 0 | 250M | 700M | 700M |
| Balance Sheet | |||||||||||||
| Net Debt | -302M | -367M | -715M | -894M | -1.1B | -1.0B | -2.3B | -2.5B | -2.1B | -2.4B | -2.5B | -3.1B | -6.1B |
| Cash & Equiv. | 697M | 762M | 1.1B | 1.3B | 1.4B | 1.4B | 4.8B | 4.9B | 4.6B | 4.9B | 4.7B | 4.6B | 8.1B |
| Long-Term Debt | 396M | 396M | 396M | 312M | 312M | 313M | 2.4B | 2.5B | 2.5B | 2.2B | 1.5B | 1.0B | 1.0B |
| Debt/Equity | 0.17 | 0.16 | 0.14 | 0.13 | 0.09 | 0.09 | 0.76 | 0.60 | 0.57 | 0.51 | 0.40 | 0.25 | 0.34 |
| Interest Coverage | 115.3 | 87.8 | 97.2 | 110.8 | 163.8 | 328.9 | 2.2 | 26.6 | 23.5 | 27.3 | 31.8 | 55.1 | 25.6 |
| Equity | 2.3B | 2.5B | 2.7B | 3.0B | 3.3B | 3.4B | 3.3B | 4.1B | 4.3B | 4.9B | 5.5B | 6.2B | 5.9B |
| Total Assets | 4.7B | 4.9B | 5.3B | 5.7B | 6.1B | 9.3B | 12.7B | 13.6B | 13.4B | 14.3B | 14.9B | 15.5B | 15.4B |
| Total Liabilities | 2.4B | 2.4B | 2.6B | 2.7B | 2.8B | 6.0B | 9.4B | 9.6B | 9.1B | 9.4B | 9.4B | 9.4B | 690M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 1.4B | 1.6B | 1.8B | 2.1B | 2.3B | 2.3B | 2.2B | 2.9B | 3.0B | 3.5B | 4.1B | 4.7B | 4.5B |
| Working Capital | 590M | 769M | 1.1B | 1.2B | 1.4B | 731M | 2.7B | 3.3B | 3.3B | 3.2B | 2.9B | 2.8B | 2.6B |
| Current Assets | 2.2B | 2.4B | 2.8B | 3.2B | 3.4B | 3.4B | 6.7B | 7.5B | 6.9B | 7.4B | 7.5B | 7.6B | 7.6B |
| Current Liabilities | 1.7B | 1.6B | 1.8B | 1.9B | 2.0B | 2.7B | 4.0B | 4.2B | 3.6B | 4.2B | 4.7B | 4.8B | 5.0B |
| Per Share Data | |||||||||||||
| EPS | 1.11 | 2.51 | 2.83 | 3.55 | 4.26 | 4.60 | 0.24 | 4.87 | 4.38 | 5.56 | 6.32 | 6.61 | 6.39 |
| Owner EPS | 1.30 | 2.41 | 2.99 | 3.34 | 4.40 | 4.78 | 5.00 | 3.52 | 3.40 | 5.78 | 5.30 | 7.22 | 6.58 |
| Book Value | 2.72 | 6.08 | 6.96 | 7.94 | 8.87 | 9.30 | 9.25 | 11.48 | 12.42 | 14.45 | 16.65 | 19.07 | 18.19 |
| Cash Flow/Share | 1.64 | 3.26 | 3.95 | 4.38 | 5.55 | 6.01 | 6.31 | 4.92 | 4.89 | 7.46 | 7.12 | 9.33 | 7.97 |
| Dividends/Share | 0.20 | 0.47 | 0.54 | 0.64 | 0.90 | 1.02 | 0.29 | 1.14 | 1.24 | 1.34 | 1.47 | 1.62 | 1.60 |
| Shares Out. | 836.9M | 406.6M | 394.9M | 383.9M | 372.6M | 361.1M | 355.8M | 353.7M | 345.2M | 337.1M | 330.8M | 324.5M | 323.4M |
| Valuation | |||||||||||||
| P/E Ratio | 21.5 | 20.3 | 22.2 | 20.3 | 20.8 | 22.3 | 459.6 | 17.9 | 24.4 | 26.5 | 22.0 | N/A | 37.4 |
| P/FCF | 54.7 | 21.6 | 19.6 | 21.1 | 20.0 | 22.9 | 21.3 | 26.1 | 35.7 | 28.4 | 28.0 | N/A | 39.4 |
| EV/EBIT | 13.1 | 12.5 | 13.3 | 13.1 | 14.7 | 15.9 | 180.0 | 10.0 | 14.6 | 18.5 | 15.2 | N/A | 27.1 |
| Price/Book | 8.7 | 8.4 | 9.0 | 9.1 | 10.0 | 11.0 | 11.9 | 7.6 | 8.6 | 10.2 | 8.3 | N/A | 13.1 |
| Price/Sales | 1.3 | 1.6 | 1.7 | 1.7 | 2.0 | 2.2 | 2.6 | 2.1 | 1.7 | 1.9 | 2.2 | N/A | 3.5 |
| FCF Yield | 3.7% | 4.6% | 5.1% | 4.7% | 5.0% | 4.4% | 4.7% | 3.8% | 2.8% | 3.5% | 3.6% | N/A | 2.5% |
| Market Cap | 19.9B | 20.7B | 24.8B | 27.7B | 33.0B | 37.0B | 39.2B | 30.9B | 36.9B | 49.7B | 45.9B | 0 | 77.3B |
| Avg. Price | 34.60 | 46.51 | 56.03 | 61.07 | 81.41 | 99.62 | 92.45 | 110.03 | 92.11 | 115.25 | 142.60 | 0.00 | 238.89 |
| Year-End Price | 47.51 | 51.02 | 62.72 | 72.12 | 88.52 | 102.56 | 110.31 | 87.28 | 106.99 | 147.34 | 138.78 | 0.00 | 238.89 |
ROSS STORES, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
ROSS STORES, INC. trades at 37.3x trailing earnings, compared to its 15-year median P/E of 22.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 39.4x vs a median of 22.9x. The company's 5-year average ROIC is 89.8% with a gross margin of 27.2%. Total shareholder yield (dividends + buybacks) is 2.0%. At current prices, the estimated annualized return to fair value is +3.1%.
ROSS STORES, INC. (ROST) has a net profit margin of 9.4%. This is a modest margin.
ROSS STORES, INC. (ROST) generated $2.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ROSS STORES, INC. (ROST) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
ROSS STORES, INC. (ROST) reported earnings per share (EPS) of $6.61 in its most recent fiscal year.
ROSS STORES, INC. (ROST) has a return on equity (ROE) of 36.7%. This indicates the company generates strong returns for shareholders.
ROSS STORES, INC. (ROST) has a 5-year average gross margin of 27.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for ROSS STORES, INC. (ROST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ROSS STORES, INC. (ROST) has a book value per share of $19.07, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management exited fiscal 2025 with accelerating business momentum, citing strong customer engagement driven by branded merchandise strategy, marketing investments, and in-store experience enhancements that are expected to continue supporting comparable store sales growth into fiscal 2026. The company anticipates merchandise margin expansion and distribution cost leverage as it anniversaries new distribution center openings, while managing tariff-related pressures that are expected to normalize and stabilize pricing across the retail industry. Capital investments are planned for supply chain expansion, including continued buildout of distribution centers and store refreshes across the chain, alongside pilot programs for self-checkout technology in high-volume stores to improve customer throughput. Management remains focused on balancing top-line growth initiatives with disciplined expense control and is confident in maintaining strong unit economics as it pursues 5% annual store growth with new store productivity targeted at 70–75% of mature store levels.
Based on recent SEC filings and earnings calls, ROSS STORES, INC. (ROST) has provided the following forward guidance: Comparable store sales growth: 3%-4% (FY2026 (52 weeks ended January 30, 2027)); Earnings per share: $7.02-$7.36 (FY2026 (52 weeks ended January 30, 2027)); Total sales growth: 5%-7% (FY2026 (52 weeks ended January 30, 2027)); Operating margin: 12%-12.3% (FY2026 (52 weeks ended January 30, 2027)); New store openings: approximately 110 locations (85 Ross and 25 dd's DISCOUNTS) (FY2026 (52 weeks ended January 30, 2027)), plus 1 additional metric.
New store openings (FY2026 (52 weeks ended January 30, 2027)): “we expect to grow our store base by 5%, reflecting approximately 110 new locations comprised of about 85 Ross and 25 dd's DISCOUNTS”
Capital expenditures (FY2026 (52 weeks ended January 30, 2027)): “Capital expenditures for 2026 are projected to be approximately $1.1 billion”