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Ross Stores, Inc.

ROST Consumer Cyclical Apparel Retail

Ross Stores, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $22.8 billion, up 7.67% from fiscal 2025.

Revenue
+13.3%
EPS
+70.7%
Free cash flow
+33.8%
Total debt
−32.8%

Quarter to July 2026, against a year earlier

234.81 10.93 −4.45%
Market cap
$75.1B
P/E
28.2×
Fwd P/E
26.0×
Dividend yield
0.74%
F-score
6/9
Altman Z
6.58
Beneish M
−2.49
Dividend safety
93/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment

Every year since 2023 →

Insider Decisions last twelve months

Sold, $m 23.02
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 7 — — — — — 2 — —
Insider Ownership 1.61%

Capital & Financial Ratios $m

Size
Market Cap 75,140.00
Revenue ttm 24,511.80
Net income ttm 2,659.06
Free cash flow ttm 2,790.19
Net debt Q (3,269.61)
Valuation
P/E 28.19
Forward P/E 26.00
Price / sales 3.04
Forward P/S Powerpack
Price / FCF 26.74
Price / book 11.06 (above 6: high)
Financial health
Current ratio Q 1.61 (at or above 1.5: strong)
Debt / equity Q 0.15 (at or below 0.5: strong)
Interest coverage Q (35.44)
Growth
Revenue growth Q +13.31% (above 0%: growing)
Operating income growth Q +72.91% (above 0%: growing)
EPS, this year +27.86% (at or above 15%: strong)
EPS, next year A +6.68%
Revenue, next year A +13.03% (at or above 10%: strong)
EPS, past 5 yrs +94.09% (at or above 15%: strong)
EPS, next 5 yrs A +15.13% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 2.1×; over the ten years it ranged from 1.3× in 2022 to 3.3× in 2020.
P/E against its own 10 years 78.80%
10-year low 10-year high
P/S against its own 10 years 92.85%
10-year low 10-year high
P/B against its own 10 years 77.08%
10-year low 10-year high
EV/Sales against its own 10 years 92.85%
10-year low 10-year high
EV/FCF against its own 10 years 65.79%
10-year low 10-year high

Dividends

Yield
0.74%
Annual rate
1.74
Payout ratio
21.1%
Growth, 2017–25
+12.3%/yr
  1. 0.64 ’17
  2. 0.90 ’18 +41
  3. 1.28 ’19 +42
  4. 0.29 ’20 −78
  5. 1.14 ’21 +300
  6. 1.24 ’22 +9
  7. 1.68 ’23 +35
  8. 1.47 ’24 −12
  9. 1.62 ’25 +10
  10. 1.64 ’26e +1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 4,872 4,731 4,594 4,288
Receivables 131 144 181 248
Inventory 2,192 2,445 2,631 3,087
Other — — — —
7,398 7,539 7,640 7,876
2024 2025 2026 Q'26
Payables 1,956 2,126 2,386 2,622
ST’ Debt 250 700 500 241
Other — — — —
4,186 4,662 4,827 4,886

Compound Annual Growth %

10y 5y 3y
Sales 6.66% 12.67% 6.76%
Cash Flow 8.60% 6.15% 21.46%
Earnings 7.71% 90.55% 12.36%
Book Value 9.61% 13.46% 13.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.93 Actual 2.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.40 1.58 Beat by 0.18
Q4 FY25 1.88 2.00 Beat by 0.12
Q1 FY26 1.70 2.02 Beat by 0.32
Q2 FY26 1.93 2.06 Beat by 0.13
Q3 FY26 1.82 — Reports 19 November 2026

EPS $

Apr Jul Oct Jan Year
’26 2.02 2.66 — — —
’26 1.47 1.56 1.58 2.00 6.61
’25 1.46 1.59 1.48 1.79 6.32
’24 1.09 1.32 1.33 1.82 5.56
’23 0.97 1.11 1.00 1.31 4.38
’22 1.34 1.39 1.09 1.04 4.87
’21 (0.87) 0.06 0.37 0.67 0.24
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 6,010 6,265 — — —
’26 4,985 5,529 5,601 6,635 22,751
’25 4,858 5,288 5,071 5,912 21,129
’24 4,495 4,935 4,925 6,023 20,377
’23 4,333 4,583 4,565 5,214 18,696
’22 4,516 4,805 4,575 5,021 18,916
’21 1,843 2,685 3,755 4,250 12,532
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 836 876 — — —
’26 410 668 827 1,122 3,027
’25 369 592 513 883 2,357
’24 413 703 449 949 2,514
’23 (416) 360 529 1,217 1,689
’22 753 593 158 235 1,739
’21 (1,058) 1,231 1,611 463 2,246
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 627 624 — — —
’26 202 467 618 921 2,208
’25 233 395 333 759 1,720
’24 246 507 272 726 1,752
’23 (526) 227 354 981 1,035
’22 616 475 35 55 1,181
’21 (1,198) 1,121 1,521 397 1,841
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 10.1% a year for ten years. It grew 6.3% a year over the last ten.

Implied
10.1%
10 years, reported
6.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 12,867 14,135 14,984 16,039 12,532 18,916 18,696 20,377 21,129 22,751 24,512 +6.5% 25,714 27,504 29,424 +9.0%
Gross margin, % 28.70 28.95 28.41 28.07 21.49 27.53 25.40 27.36 27.78 27.71 29.67 (1.0) pt
EBT 1,786 2,041 2,051 2,164 106 2,259 1,987 2,472 2,757 2,842 3,503 +5.3%
EBT margin, % 13.88 14.44 13.69 13.49 0.85 11.94 10.63 12.13 13.05 12.49 14.29 (1.4) pt
Net income 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091 2,145 2,659 +7.5%
Per share, $
Per share, $ Revenue 32.81 37.08 40.55 44.74 35.56 53.82 54.44 60.79 64.30 70.61 77.16 +8.9%
Earnings 2.85 3.58 4.30 4.63 0.24 4.90 4.40 5.59 6.36 6.66 8.33 +9.9%
Cash flow 3.98 4.41 5.59 6.06 6.37 4.95 4.92 7.50 7.17 9.39 11.52 +10.0%
Capex (0.76) (0.93) (1.12) (1.55) (1.15) (1.59) (1.90) (2.28) (1.94) (2.54) (2.74) +14.4%
Free cash flow 3.22 3.48 4.47 4.51 5.22 3.36 3.01 5.23 5.23 6.85 8.78 +8.8%
Book value 7.01 8.00 8.95 9.37 9.34 11.55 12.49 14.53 16.77 19.20 21.23 +11.9%
Shares, m 392 381 370 358 352 351 343 335 329 322 320 (2.2%)
Valuation, ×
Valuation, × P/E 23.20 23.01 21.42 24.18 488.74 19.95 26.80 25.05 23.67 28.55 28.19 70.5
P/S 2.01 2.22 2.27 2.51 3.16 1.82 2.17 2.31 2.34 2.69 3.04 2.4
P/B 9.43 10.30 10.30 11.97 12.04 8.46 9.47 9.65 8.98 9.90 11.06 10.1
EV/Sales 1.96 2.16 2.20 2.48 2.98 1.72 2.09 2.19 2.22 2.56 2.91 2.3
EV/FCF 19.99 23.01 19.98 24.59 20.27 27.54 37.82 25.47 27.31 26.35 25.56 25.2
Cash, $m
Cash, $m Operating cash flow 1,559 1,681 2,067 2,172 2,246 1,739 1,689 2,514 2,357 3,027 3,661 +7.7%
Capex (298) (355) (414) (555) (405) (558) (654) (763) (637) (819) (870) +11.9%
Free cash flow 1,261 1,326 1,653 1,616 1,841 1,181 1,035 1,752 1,720 2,208 2,790 +6.4%
Balance, $m
Balance, $m Working capital 1,061 1,225 1,395 731 2,725 3,258 3,268 3,212 2,877 2,813 2,991 +11.4%
Net debt (715) (894) (1,100) (474) (2,306) (1,839) (1,439) (2,412) (2,516) (3,077) (3,270) +17.6%
Shareholders’ equity 2,748 3,049 3,306 3,359 3,291 4,060 4,289 4,871 5,509 6,187 6,743 +9.4%
Returns, %
Returns, % ROA 21.96 24.71 26.92 21.54 0.77 13.07 11.18 13.53 14.32 14.09 17.45 (7.9) pt
ROIC 55.42 59.40 57.84 46.50 12.04 65.65 43.66 58.64 53.99 54.40 60.64 (1.0) pt
ROE 42.82 47.01 49.96 49.84 2.57 46.87 36.22 40.93 40.28 36.68 42.63 (6.1) pt
People
People Employees 78,600 82,700 88,100 92,500 93,700 100,000 101,000 108,000 107,000 111,000 — +3.9%
Revenue/emp, $m 0.16 0.17 0.17 0.17 0.13 0.19 0.19 0.19 0.20 0.20 — +2.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Ross Stores is an off-price retailer of apparel and home fashions. It operates two store brands: Ross Dress for Less and dd’s DISCOUNTS. Founded in 1954 and headquartered in Dublin, the company is led by Chief Executive Officer James G. Conroy.

Ross sells first-quality, in-season brand-name and designer apparel, accessories, footwear, and home fashions for the whole family. Its merchandise range also includes beauty, furniture, bed and bath, gourmet food, toys, luggage, pet accessories, electronics, jewelry, watches, and cookware. Ross prices merchandise at savings of 20% to 60% versus department and specialty-store regular prices.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 22,751 100.00%
Gross margin 27.71%
Operating margin 11.90%
Pre-tax margin 12.49%

Revenue by segment since 2023

Ross Stores, Inc. vs peers in Apparel Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TJX The TJX Companies, Inc. $152.5B 25.7× 26.4× +5.41% (above 0%: growing) +23.64% (above 0%: growing) +30.00% (above 0%: growing) 33.41% 13.09% Compare
ROST Ross Stores, Inc. $75.1B 28.2× 26.0× +13.31% (above 0%: growing) +70.70% (above 0%: growing) +33.83% (above 0%: growing) 33.83% 17.62%
BURL Burlington Stores, Inc. $15.8B 22.5× 20.6× +10.99% (above 0%: growing) +95.92% (above 0%: growing) +31.74% (above 0%: growing) 46.24% 8.51% Compare
LULU lululemon athletica inc. $13.0B 9.2× 11.1× −4.34% (below 0%: shrinking) −5.81% (below 0%: shrinking) +49.33% (above 0%: growing) 60.52% 18.78% Compare
VSXY Victoria's Secret & Co. $8.5B 23.9× 18.9× +10.42% (above 0%: growing) +990.00% (above 0%: growing) +272.73% (above 0%: growing) 47.11% 15.95% Compare
GAP The Gap, Inc. $7.9B 6.6× 6.1× −1.99% (below 0%: shrinking) +143.10% (above 0%: growing) −47.71% (below 0%: shrinking) 52.83% 18.52% Compare
URBN Urban Outfitters, Inc. $7.5B 13.5× 12.8× +10.44% (above 0%: growing) +75.63% (above 0%: growing) +92.47% (above 0%: growing) 43.42% 17.37% Compare
ANF Abercrombie & Fitch Company $6.7B 13.4× 12.2× +4.81% (above 0%: growing) +41.41% (above 0%: growing) +296.59% (above 0%: growing) 71.10% 19.95% Compare
BOOT Boot Barn Holdings, Inc. $4.2B 16.6× 14.9× +15.12% (above 0%: growing) +25.80% (above 0%: growing) +62.25% (above 0%: growing) 37.21% 12.07% Compare
Median of peers $8.2B 15.1× 13.9× +7.92% +58.52% +55.79% 46.68% 16.66%

All 33 Apparel Retail stocks →

From the latest earnings call

Updated

  • Jim Conroy said higher customer traffic reflected new and returning shoppers, more frequent trips and higher spending by existing customers.
  • Bill Sheehan said Ross Stores raised its third- and fourth-quarter outlook while forecasting higher merchandise margins and lower distribution costs.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Bank of America Oct 29, 2026 Target cut — —
UBS Oct 26, 2026 Upgrade — —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.69%
Held by the ten largest 45.90%
Holder Shares Stake Change
Vanguard 38.94m 12.19% +427.68k
BlackRock 27.90m 8.73% +3.04m
State Street 14.64m 4.58% +734.01k
Invesco 12.32m 3.86% +183.28k
Fidelity (FMR) 10.97m 3.44% +1.82m
Bank of America 9.51m 2.98% +93.13k
PRIMECAP Management 9.10m 2.85% −65.05k
JPMorgan Chase 8.69m 2.72% −1.18m
Geode Capital Management 7.94m 2.49% −1.16m
Wellington Management 6.62m 2.07% +3.12m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 7 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 17.41m 29.42m 179.00
2025 16.99m 22.25m 141.00
2024 18.09m 32.99m 134.00
2023 11.34m 11.17m 110.00
2022 15.99m 16.50m 87.00

Ownership

Directors and executive officers, together 2.10%
The Vanguard Group 12.20%
BlackRock, Inc. 7.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ross Stores, Inc. (ROST) Latest News

29 Oct

Impact 4 · · TheStreet
Impact 3 · · wwd.com

28 Oct

Impact 4 · · Barchart

27 Oct

Impact 4 ·
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · Proactive Investors
Impact 4 · · Investing.com
Impact 3 · · MT Newswires

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

20 Oct

Impact 4 · · Zacks

19 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

13 Oct

Impact 4 · · TheStreet
Impact 4 · · Zacks
Impact 4 · · retail-insight-network.com
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

12 Oct

Impact 4 · · retaildive.com
Impact 4 · · PR Newswire

9 Oct

Impact 3 · · Zacks

2 Oct

Impact 4 · · StockStory

30 Sep

Impact 4 · · Zacks

29 Sep

Impact 3 ·

24 Sep

Impact 3 ·

23 Sep

Impact 3 ·

21 Sep

Impact 3 · · Zacks

19 Sep

Impact 3 ·

ROST metrics, ten years each

stockrow.com/ROST · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com