ROSTNasdaqRetail-Family Clothing StoresFiscal year ends February 1
ROSS STORES, INC.
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 1, 2026
$238.66+1.77 (+0.75%)
Close on Oct 19, 2026
- Market cap
- $76.24B
- P/E (TTM)
- 28.9
- Dividend yield
- 0.68%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
27.7%+6.2 pts over 5 years
Operating margin
11.9%
Net margin
9.4%+8.7 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 | +7.7% | +6.8% | +12.7% | +6.7% | |
| Gross profit | +7.4% | +9.9% | +18.5% | +6.5% | |
| Operating income | +4.7% | +10.8% | – | – | |
| Net income | +2.6% | +12.4% | +90.6% | +7.7% | |
| EPS, diluted | +4.6% | +14.7% | +94.1% | +10.2% | |
| Free cash flow | +34.9% | +28.7% | +3.7% | +8.7% | |
| Dividend per share | +10.2% | +9.3% | +41.6% | +13.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 42.8% | 2.6% | 36.7% | |
| Return on assets | 22.0% | 0.8% | 14.1% | |
| Current ratio | 1.61 | 1.69 | 1.58 | |
| Debt to equity | 0.14 | 0.76 | 0.25 | |
| Net debt to EBITDA | – | – | -0.96× | |
| Inventory turnover | 6.3× | 5.9× | 6.5× | |
| Capex to revenue | 2.3% | 3.2% | 3.6% | |
| Diluted shares | 395M | 355M | 324M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ross Stores generated $11.33B from operations and spent $10.47B on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
$11.33B
Used
$10.47B
Capital expenditure$3.51B34%Dividends$2.31B22%Share buybacks$4.65B44%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.4%
×Asset turnover1.49×
×Equity multiplier2.60×
=Return on equity, FY202536.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.4% | 1.49× | 2.60× | 36.7% |
| FY2024 | 9.9% | 1.45× | 2.81× | 40.3% |
| FY2023 | 9.2% | 1.47× | 3.03× | 40.9% |
| FY2022 | 8.1% | 1.38× | 3.24× | 36.2% |
| FY2021 | 9.1% | 1.44× | 3.59× | 46.9% |
| FY2020 | 0.7% | 1.14× | 3.32× | 2.6% |
| FY2019 | 10.4% | 2.08× | 2.31× | 49.8% |
| FY2018 | 10.6% | 2.54× | 1.86× | 50.0% |
| FY2017 | 9.6% | 2.56× | 1.90× | 47.0% |
| FY2016 | 8.7% | 2.53× | 1.95× | 42.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.15B
- Cash generatingOperating cash flow above zero$3.03B
- Return on assets improvedROA up on the prior year14.6% → 14.4%
- Earnings backed by cashOperating cash flow above net income$3.03B vs $2.15B
- Less leverageLong-term debt to assets fell10.2% → 6.5%
- Better liquidityCurrent ratio rose1.62 → 1.58
- No dilutionShare count did not rise331M → 324M
- Gross margin improvedGross margin up on the prior year27.78% → 27.71%
- More efficientAsset turnover rose1.48 → 1.53