FirmAtlas
Company handbook · ROST · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
ROST · CIK 745732 · LATEST FILING: 10-Q AUG '26 · FILED SEP 1, 2026
Ross Stores, Inc.
$236.89
+2.06 (+0.88%)
Close, Oct 16, 2026 · 52-week $155–257
Last fiscal year
Ross Stores, Inc. reported revenue of $22.8B for the year ended Jan 31, 2026 (FY25), up 7.7% from FY24. Net income was $2.1B, operating cash flow $3.0B and free cash flow $2.2B. Source: 10-K filed Mar 31, 2026.
Market cap
$76.4B
P/E
28.7
EV/EBITDA
22.9x
P/B
11.3
Div yield
0.73%
ROIC
57.0%
Revenue 1Y
7.7%/yr
EPS 1Y
4.6%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJames G. Conroy
HQDublin, CA
AuditorDeloitte & Touche LLP
Year endsFebruary
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
13.9%
16.9%
26.7%
52.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.7B deployed
Capex
$1.5B
33.1%
Dividends
$1.0B
21.8%
Buybacks
$2.1B
45.1%
Operating cash flow over the period: $5.4B. Total debt changed by −$897M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Jan 31, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
21,129
22,751+7.7%
24,512
YoY
+7.7%
Gross profit
5,869
6,303+7.4%
7,272
Gross margin
27.8%
27.7%−0.1 pp
—
Operating income
2,586
2,707+4.7%
3,370
Operating margin
12.2%
11.9%−0.3 pp
—
EBITDA
3,032
3,217+6.1%
—
EBITDA margin
14.4%
14.1%−0.2 pp
—
Interest expense
80
56−30.6%
—
Interest coverage
37.76x
57.67x+19.92x
—
Net income
2,091
2,145+2.6%
2,659
YoY
+2.6%
Net margin
9.9%
9.4%−0.5 pp
—
EPS (diluted, $)
6.32
6.61+4.6%
8.26
YoY
+4.6%
Balance sheet
Total assets
14,905
15,549+4.3%
15,982
Cash & short-term investments
4,796
4,662−2.8%
—
Accounts receivable
144
181+25.5%
—
Inventory
2,445
2,631+7.6%
—
Net PP&E
3,792
4,089+7.8%
—
Other assets
3,727
3,986+6.9%
—
Total liabilities
9,396
9,361−0.4%
9,239
Accounts payable
2,126
2,386+12.2%
—
Total debt
2,915
2,017−30.8%
1,260
Other liabilities
4,355
4,958+13.8%
—
Shareholders’ equity
5,509
6,187+12.3%
6,743
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,357
3,027+28.4%
3,661
Net income
2,091
2,145+2.6%
—
Depreciation & amortization
447
509+14.0%
—
Stock-based compensation
156
175+12.2%
—
Working capital & other
(337)
197n/m
—
Cash from investing
(637)
(819)n/m
—
Capex
(720)
(819)n/m
—
Other investing
83
0−100.0%
—
Cash from financing
(1,859)
(2,342)n/m
—
Debt repaid
(250)
(700)n/m
—
Dividends
(489)
(528)n/m
—
Buybacks
(1,050)
(1,050)n/m
—
Other financing
(70)
(64)n/m
—
Net change in cash
(139)
(134)n/m
—
Free cash flow (OCF − capex)
1,637
2,208+34.9%
2,790
Where the cash went
Operating cash flow
2,357
3,027+28.4%
3,661
Reinvested in the business
720
819+13.8%
—
% of operating cash flow
30.6%
27.1%
Capex
720
819+13.8%
870
Free cash flow
1,637
2,208+34.9%
2,790
YoY
+34.9%
Returned to shareholders
1,539
1,578+2.6%
—
% of free cash flow
94.0%
71.5%
Dividends
489
528+8.1%
—
Buybacks
1,050
1,050+0.0%
—
Change in total debt
—
(897)
—
Cash left over
—
(268)
—
FCF conversion (FCF ÷ net income)
78.3%
102.9%+24.6 pp
—
Owner earnings
—
1,872
—
Owner earnings margin
—
8.2%
—
Buyback yield
2.1%
1.7%−0.4 pp
—
Returns & ratios
ROIC (all capital)
54.1%
57.0%+2.9 pp
—
ROIC (operating)
46.1%
46.6%+0.5 pp
—
Net debt / EBITDA
−0.62x
−0.82x−0.20x
—
Debt / equity
0.53x
0.33x−0.20x
—
Cash conversion cycle (days)
10
8−2 d
—
ROE
37.9%
34.7%−3.3 pp
—
ROA
14.0%
13.8%−0.2 pp
—
ROCE
25.2%
25.3%+0.0 pp
—
NOPAT
1,961
2,043+4.2%
—
Invested capital (operating)
4,255
4,515+6.1%
—
Invested capital (all)
3,627
3,543−2.3%
—
Reinvestment rate
—
12.7%
—
Debtor days
2
3+0 d
—
Inventory days
58
58−0 d
—
Days payable
51
53+2 d
—
Income
Nov '25
Jan '26
May '26
Aug '26
Revenue
5,601
6,635
6,010
6,265
vs year-ago quarter
Gross profit
1,568
1,804
1,780
2,120
Gross margin
28.0%
27.2%
29.6%
33.8%
Operating income
648
814
804
1,104
Net income
512
646
650
851
vs year-ago quarter
Net margin
9.1%
9.7%
10.8%
13.6%
EPS (diluted, $)
1.58
2.00
2.02
2.66
vs year-ago quarter
Balance sheet
Nov '25
Jan '26
May '26
Aug '26
Total assets
15,415
15,549
15,555
15,982
Cash & equivalents
4,128
4,662
4,199
4,357
Total debt
2,016
2,017
1,260
1,260
Shareholders’ equity
5,884
6,187
6,305
6,743
Cash flow
Nov '25
Jan '26
May '26
Aug '26
Operating cash flow
827
1,122
836
876
Capex
209
201
209
251
Free cash flow
618
921
627
624
vs year-ago quarter