RHNYSERetail-Furniture StoresFiscal year ends January 31
RH
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026
$114.03+1.04 (+0.92%)
Close on Oct 19, 2026
- Market cap
- $2.24B
- P/E (TTM)
- 20.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
44.1%−2.5 pts over 5 years
Operating margin
11.3%−5.1 pts over 5 years
Net margin
3.6%−5.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.1% | -1.4% | +3.8% | +5.0% | |
| Gross profit | +7.1% | -5.8% | +2.7% | +7.3% | |
| Operating income | +20.1% | -18.8% | -3.7% | +7.6% | |
| Net income | +72.3% | -38.2% | -14.4% | +3.2% | |
| EPS, diluted | +74.3% | -31.8% | -8.7% | +11.3% | |
| Free cash flow | – | +3.1% | -8.3% | +42.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.6% | 116.7% | -242.3% | |
| Return on assets | 0.3% | 10.2% | 2.7% | |
| Current ratio | 2.74 | 0.87 | 1.19 | |
| Debt to equity | – | 0.08 | – | |
| Net debt to EBITDA | – | -0.11× | – | |
| Interest coverage | 1.2× | 6.7× | 1.7× | |
| Capex to revenue | 8.0% | 3.9% | 5.8% | |
| Diluted shares | 41M | 27M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
RH generated $1.74B from operations and spent $3.32B on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$1.74B
Used
$3.32B
Capital expenditure$1.06B32%Dividends$00%Share buybacks$2.26B68%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.6%
×Asset turnover0.73×
×Equity multiplier-91.18×
=Return on equity, FY2025-242.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.6% | 0.73× | -91.18× | -242.3% |
| FY2024 | 2.3% | 0.73× | -18.87× | -31.4% |
| FY2023 | 4.2% | 0.64× | 19.40× | 52.4% |
| FY2022 | 14.7% | 0.66× | 5.55× | 54.1% |
| FY2021 | 18.3% | 0.89× | 5.22× | 85.1% |
| FY2020 | 9.5% | 1.07× | 11.48× | 116.7% |
| FY2019 | 8.3% | 1.09× | -242.96× | -2199.5% |
| FY2018 | 5.4% | 1.21× | -88.72× | -579.5% |
| FY2017 | -0.1% | 1.24× | 4.29× | -0.6% |
| FY2016 | 0.3% | 1.00× | 2.35× | 0.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$124.79M
- Cash generatingOperating cash flow above zero$452.24M
- Return on assets improvedROA up on the prior year1.7% → 2.7%
- Earnings backed by cashOperating cash flow above net income$452.24M vs $124.79M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.43 → 1.19
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year44.48% → 44.07%
- More efficientAsset turnover rose0.77 → 0.76