Ross Stores, Inc. (ROST) 10-Year Financial Performance & Capital Metrics

ROST • • Industrial / General

Consumer CyclicalApparel RetailValue & Off-Price Apparel RetailersOff-Price Department Stores

AboutRoss Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income. As of July 5, 2022, it operated approximately 1,950 stores under the Ross Dress for Less and dd's DISCOUNTS name in 40 states, the District of Columbia, and Guam. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.Show more

Revenue $21.13B +3.7%
EBITDA $3.03B +11.2%
Net Income $2.09B +11.5%
EPS (Diluted) 6.32 +13.7%
Gross Margin 27.78% +1.5%
EBITDA Margin 14.35% +7.2%
Operating Margin 12.24% +8.1%
Net Margin 9.89% +7.6%
ROE 40.28% -1.6%
ROIC 31.77% +2.7%
Debt/Equity 1.03 -12.6%
Interest Coverage 40.79 +31.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 39.1%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 80 (top 20%)
✓Trading near 52-week high
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Expensive at 11.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.71%

5Y5.67%

3Y3.76%

TTM3.71%

Profit (Net Income) CAGR

10Y8.5%

5Y4.71%

3Y6.67%

TTM-1.31%

EPS CAGR

10Y11.08%

5Y6.56%

3Y9.08%

TTM0.79%

ROCE

10Y Avg35.26%

5Y Avg20.12%

3Y Avg23.11%

Latest25.4%

Peer Comparison

Off-Price Department Stores

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BURLBurlington Stores, Inc.	19.53B	310.30	39.78	9.34%	5.01%	36.7%		3.92
TJXThe TJX Companies, Inc.	175.61B	158.14	37.12	3.95%	8.59%	56.1%	2.39%	1.52
ROSTRoss Stores, Inc.	62.5B	193.23	30.57	3.69%	9.47%	35.45%	2.62%	1.03

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	11.94B	12.87B	14.13B	14.98B	16.04B	12.53B	18.92B	18.7B	20.38B	21.13B
Revenue Growth %	0.08%	0.08%	0.1%	0.06%	0.07%	-0.22%	0.51%	-0.01%	0.09%	0.04%
Cost of Goods Sold+	8.58B	9.17B	10.04B	10.73B	11.54B	9.84B	13.71B	13.95B	14.8B	15.26B
COGS % of Revenue	0.72%	0.71%	0.71%	0.72%	0.72%	0.79%	0.72%	0.75%	0.73%	0.72%
Gross Profit+	3.36B	3.69B	4.09B	4.26B	4.5B	2.69B	5.21B	4.75B	5.58B	5.87B
Gross Margin %	0.28%	0.29%	0.29%	0.28%	0.28%	0.21%	0.28%	0.25%	0.27%	0.28%
Gross Profit Growth %	0.08%	0.1%	0.11%	0.04%	0.06%	-0.4%	0.93%	-0.09%	0.17%	0.05%
Operating Expenses+	1.74B	1.89B	2.04B	2.22B	2.36B	2.26B	2.87B	2.76B	3.27B	3.28B
OpEx % of Revenue	0.15%	0.15%	0.14%	0.15%	0.15%	0.18%	0.15%	0.15%	0.16%	0.16%
Selling, General & Admin	1.74B	1.89B	2.04B	2.22B	2.36B	2.26B	2.87B	2.76B	3.27B	3.28B
SG&A % of Revenue	0.15%	0.15%	0.14%	0.15%	0.15%	0.18%	0.15%	0.15%	0.16%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	1.62B	1.8B	2.05B	2.04B	2.15B	429.66M	2.33B	1.99B	2.31B	2.59B
Operating Margin %	0.14%	0.14%	0.14%	0.14%	0.13%	0.03%	0.12%	0.11%	0.11%	0.12%
Operating Income Growth %	0.09%	0.11%	0.14%	-0%	0.05%	-0.8%	4.43%	-0.15%	0.16%	0.12%
EBITDA+	1.9B	2.11B	2.36B	2.37B	2.5B	793.91M	2.69B	2.38B	2.73B	3.03B
EBITDA Margin %	0.16%	0.16%	0.17%	0.16%	0.16%	0.06%	0.14%	0.13%	0.13%	0.14%
EBITDA Growth %	0.1%	0.11%	0.12%	0%	0.05%	-0.68%	2.39%	-0.11%	0.14%	0.11%
D&A (Non-Cash Add-back)	274.83M	302.51M	313.16M	330.36M	350.89M	364.25M	360.66M	394.65M	419.43M	446.79M
EBIT	1.63B	1.81B	2.06B	2.07B	2.17B	194.36M	2.33B	2.07B	2.55B	2.82B
Net Interest Income+	-12.61M	-16.49M	-7.68M	10.16M	18.11M	-83.41M	-74.33M	-2.84M	164.12M	171.57M
Interest Income	678K	3.08M	11.17M	26.57M	27.85M	4.65M	833K	77.71M	238.21M	234.96M
Interest Expense	13.29M	19.57M	18.85M	16.41M	9.74M	88.06M	75.16M	80.55M	74.09M	63.39M
Other Income/Expense	-12.61M	-16.49M	-7.68M	10.16M	18.11M	-323.37M	-74.33M	-2.84M	164.12M	171.57M
Pretax Income+	1.61B	1.79B	2.04B	2.05B	2.16B	106.3M	2.26B	1.99B	2.47B	2.76B
Pretax Margin %	0.13%	0.14%	0.14%	0.14%	0.13%	0.01%	0.12%	0.11%	0.12%	0.13%
Income Tax+	591.1M	668.5M	677.97M	463.42M	503.36M	20.91M	535.95M	475.45M	597.26M	666.42M
Effective Tax Rate %	0.63%	0.63%	0.67%	0.77%	0.77%	0.8%	0.76%	0.76%	0.76%	0.76%
Net Income+	1.02B	1.12B	1.36B	1.59B	1.66B	85.38M	1.72B	1.51B	1.87B	2.09B
Net Margin %	0.09%	0.09%	0.1%	0.11%	0.1%	0.01%	0.09%	0.08%	0.09%	0.1%
Net Income Growth %	0.1%	0.1%	0.22%	0.16%	0.05%	-0.95%	19.18%	-0.12%	0.24%	0.12%
Net Income (Continuing)	1.02B	1.12B	1.36B	1.59B	1.66B	85.38M	1.72B	1.51B	1.87B	2.09B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.51	2.83	3.55	4.26	4.60	0.24	4.87	4.38	5.56	6.32
EPS Growth %	0.14%	0.13%	0.25%	0.2%	0.08%	-0.95%	19.29%	-0.1%	0.27%	0.14%
EPS (Basic)	2.53	2.85	3.58	4.30	4.63	0.24	4.90	4.40	5.59	6.36
Diluted Shares Outstanding	406.4M	394.96M	384.33M	372.68M	361.18M	354.62M	353.73M	345.22M	337.43M	330.98M
Basic Shares Outstanding	403.03M	392.12M	381.17M	369.53M	358.46M	352.39M	351.5M	343.45M	335.19M	328.59M
Dividend Payout Ratio	0.19%	0.19%	0.18%	0.21%	0.22%	1.19%	0.24%	0.29%	0.24%	0.23%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	2.37B	2.81B	3.15B	3.4B	3.43B	6.69B	7.47B	6.9B	7.4B	7.54B
Cash & Short-Term Investments	763.34M	1.11B	1.29B	1.41B	1.35B	4.82B	4.92B	4.55B	4.87B	4.73B
Cash Only	761.6M	1.11B	1.29B	1.41B	1.35B	4.82B	4.92B	4.55B	4.87B	4.73B
Short-Term Investments	1.74M	0	512K	0	0	0	0	0	0	0
Accounts Receivable	73.63M	75.15M	87.87M	96.71M	102.24M	115.07M	119.25M	145.69M	130.77M	144.48M
Days Sales Outstanding	2.25	2.13	2.27	2.36	2.33	3.35	2.3	2.84	2.34	2.5
Inventory	1.42B	1.51B	1.64B	1.75B	1.83B	1.51B	2.26B	2.02B	2.19B	2.44B
Days Inventory Outstanding	60.39	60.19	59.67	59.57	57.97	55.98	60.23	52.96	54.06	58.47
Other Current Assets	0	0	0	0	0	0	0	0	202.71M	218.96M
Total Non-Current Assets+	2.5B	2.5B	2.57B	2.67B	5.92B	6.03B	6.17B	6.51B	6.9B	7.37B
Property, Plant & Equipment	2.34B	2.33B	2.38B	2.48B	5.71B	5.8B	5.93B	6.28B	6.66B	7.09B
Fixed Asset Turnover	5.10x	5.53x	5.93x	6.05x	2.81x	2.16x	3.19x	2.98x	3.06x	2.98x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.33M	1.29M	712K	125K	0	0	0	0	0	48.63M
Other Non-Current Assets	152.69M	166.97M	187.72M	194.35M	208.32M	230.06M	241.28M	232.08M	243.23M	230.74M
Total Assets+	4.87B	5.31B	5.72B	6.07B	9.35B	12.72B	13.64B	13.42B	14.3B	14.91B
Asset Turnover	2.45x	2.42x	2.47x	2.47x	1.72x	0.99x	1.39x	1.39x	1.42x	1.42x
Asset Growth %	0.04%	0.09%	0.08%	0.06%	0.54%	0.36%	0.07%	-0.02%	0.07%	0.04%
Total Current Liabilities+	1.6B	1.75B	1.93B	2.01B	2.7B	3.97B	4.21B	3.64B	4.19B	4.66B
Accounts Payable	945.56M	1.02B	1.06B	1.18B	1.3B	2.26B	2.37B	2.01B	1.96B	2.13B
Days Payables Outstanding	40.24	40.65	38.52	40.06	41.02	83.73	63.16	52.6	48.23	50.86
Short-Term Debt	0	0	84.97M	0	0	64.91M	0	0	249.71M	699.73M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.48x	1.61x	1.64x	1.69x	1.27x	1.69x	1.77x	1.90x	1.77x	1.62x
Quick Ratio	0.59x	0.74x	0.78x	0.82x	0.59x	1.31x	1.24x	1.34x	1.24x	1.09x
Cash Conversion Cycle	22.4	21.67	23.42	21.87	19.28	-24.4	-0.63	3.2	8.17	10.11
Total Non-Current Liabilities+	794.28M	808.83M	746.34M	758.46M	3.29B	5.46B	5.37B	5.49B	5.24B	4.73B
Long-Term Debt	396.02M	396.49M	311.99M	312.44M	312.89M	2.45B	2.45B	2.46B	2.21B	1.52B
Capital Lease Obligations	0	0	0	0	2.61B	2.62B	2.54B	2.59B	2.6B	2.76B
Deferred Tax Liabilities	130.09M	121.39M	85.81M	124.31M	149.68M	158.57M	137.64M	217.06M	196.24M	187.04M
Other Non-Current Liabilities	268.17M	290.95M	348.54M	321.71M	214.09M	231.86M	236.01M	224.1M	232.38M	267.91M
Total Liabilities	2.4B	2.56B	2.67B	2.77B	5.99B	9.43B	9.58B	9.13B	9.43B	9.4B
Total Debt+	396.02M	396.49M	396.97M	312.44M	3.49B	5.73B	5.62B	5.71B	5.75B	5.68B
Net Debt	-365.58M	-715.11M	-893.33M	-1.1B	2.14B	913.51M	699.77M	1.15B	875.26M	951.68M
Debt / Equity	0.16x	0.14x	0.13x	0.09x	1.04x	1.74x	1.38x	1.33x	1.18x	1.03x
Debt / EBITDA	0.21x	0.19x	0.17x	0.13x	1.40x	7.22x	2.09x	2.39x	2.11x	1.87x
Net Debt / EBITDA	-0.19x	-0.34x	-0.38x	-0.46x	0.86x	1.15x	0.26x	0.48x	0.32x	0.31x
Interest Coverage	122.23x	92.12x	108.69x	124.38x	220.35x	4.88x	31.04x	24.71x	31.15x	40.79x
Total Equity+	2.47B	2.75B	3.05B	3.31B	3.36B	3.29B	4.06B	4.29B	4.87B	5.51B
Equity Growth %	0.08%	0.11%	0.11%	0.08%	0.02%	-0.02%	0.23%	0.06%	0.14%	0.13%
Book Value per Share	6.08	6.96	7.93	8.87	9.30	9.28	11.48	12.42	14.44	16.64
Total Shareholders' Equity	2.47B	2.75B	3.05B	3.31B	3.36B	3.29B	4.06B	4.29B	4.87B	5.51B
Common Stock	4.02M	3.92M	3.8M	3.68M	3.57M	3.56M	3.52M	3.43M	3.35M	3.29M
Retained Earnings	1.57B	1.8B	2.07B	2.3B	2.33B	2.19B	2.87B	3.05B	3.55B	4.13B
Treasury Stock	-229.53M	-272.85M	-318.28M	-372.66M	-433.33M	-478.55M	-535.89M	-584.75M	-633.32M	-719.41M
Accumulated OCI	182K	91K	27K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	1.33B	1.56B	1.68B	2.07B	2.17B	2.25B	1.74B	1.69B	2.51B	2.36B
Operating CF Margin %	0.11%	0.12%	0.12%	0.14%	0.14%	0.18%	0.09%	0.09%	0.12%	0.11%
Operating CF Growth %	-0.03%	0.18%	0.08%	0.23%	0.05%	0.03%	-0.23%	-0.03%	0.49%	-0.06%
Net Income	1.02B	1.12B	1.36B	1.59B	1.66B	85.38M	1.72B	1.51B	1.87B	2.09B
Depreciation & Amortization	274.83M	302.51M	313.16M	330.36M	350.89M	364.25M	360.66M	394.65M	419.43M	446.79M
Stock-Based Compensation	70.94M	74.55M	87.42M	95.58M	95.44M	101.57M	134.22M	121.94M	145.49M	156.3M
Deferred Taxes	98.74M	14.63M	-34.9M	31.78M	32.01M	-27.81M	15.78M	79.42M	-20.82M	-9.2M
Other Non-Cash Items	-42.3M	-23.33M	-6.33M	0	0	239.95M	0	0	0	-61.58M
Working Capital Changes	-96.61M	72.83M	-40.82M	21.5M	32.28M	1.48B	-494.4M	-418.68M	95.87M	-266.06M
Change in Receivables	-5.7M	75.75M	17.27M	52.78M	-15.04M	171.84M	0	0	0	0
Change in Inventory	-46.43M	-93.78M	-128.85M	-108.71M	-81.9M	323.36M	-753.29M	238.78M	-168.72M	-252.29M
Change in Payables	-41.46M	83.08M	41.32M	110.48M	114.15M	938.84M	135.31M	-365.26M	-65.33M	154.66M
Cash from Investing+	-362.51M	-292.76M	-353.09M	-410.41M	-554.97M	-405.43M	-557.84M	-654.07M	-762.81M	-637.46M
Capital Expenditures	-366.96M	-297.88M	-371.42M	-413.9M	-555.48M	-405.43M	-557.84M	-654.07M	-762.81M	-720.1M
CapEx % of Revenue	0.03%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.07M	0	0	0	0	0	0	0	0	0
Cash from Financing+	-898.75M	-916.09M	-1.15B	-1.53B	-1.68B	1.7B	-1.15B	-1.41B	-1.43B	-1.86B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-192.31M	-214.64M	-247.53M	-337.19M	-369.79M	-101.4M	-405.12M	-431.3M	-454.81M	-488.72M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	62.49M	41.87M	18.47M	20.11M	22.21M	-209.15M	25.07M	24.7M	24.9M	16.29M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	959.29M	1.26B	1.31B	1.65B	1.62B	1.84B	1.18B	1.04B	1.75B	1.64B
FCF Margin %	0.08%	0.1%	0.09%	0.11%	0.1%	0.15%	0.06%	0.06%	0.09%	0.08%
FCF Growth %	0.32%	0.31%	0.04%	0.26%	-0.02%	0.14%	-0.36%	-0.12%	0.69%	-0.07%
FCF per Share	2.36	3.19	3.41	4.43	4.47	5.19	3.34	3.00	5.19	4.95
FCF Conversion (FCF/Net Income)	1.30x	1.39x	1.23x	1.30x	1.31x	26.30x	1.01x	1.12x	1.34x	1.13x
Interest Paid	18.04M	18.11M	18.11M	18.11M	12.68M	72.47M	84.33M	80.32M	80.32M	80.32M
Taxes Paid	523.6M	628.44M	714.57M	427.93M	506.59M	8.92M	564.75M	362.16M	595.15M	703.08M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	42.96%	42.82%	47.01%	49.96%	49.84%	2.57%	46.87%	36.22%	40.93%	40.28%
Return on Invested Capital (ROIC)	59.61%	65.32%	73.35%	70.19%	41.8%	6.64%	39.04%	29.26%	30.93%	31.77%
Gross Margin	28.17%	28.7%	28.95%	28.41%	28.07%	21.49%	27.53%	25.4%	27.36%	27.78%
Net Margin	8.55%	8.69%	9.64%	10.59%	10.36%	0.68%	9.11%	8.09%	9.2%	9.89%
Debt / Equity	0.16x	0.14x	0.13x	0.09x	1.04x	1.74x	1.38x	1.33x	1.18x	1.03x
Interest Coverage	122.23x	92.12x	108.69x	124.38x	220.35x	4.88x	31.04x	24.71x	31.15x	40.79x
FCF Conversion	1.30x	1.39x	1.23x	1.30x	1.31x	26.30x	1.01x	1.12x	1.34x	1.13x
Revenue Growth	8.14%	7.76%	9.85%	6.01%	7.04%	-21.87%	50.95%	-1.17%	8.99%	3.69%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Home Accents and Bed and Bath	3.9B	4.01B	3.51B	4.92B	4.86B	5.3B	5.49B
Home Accents and Bed and Bath Growth	-	2.93%	-12.49%	40.17%	-1.17%	8.99%	3.69%
Ladies	3.9B	4.17B	2.88B	4.73B	4.49B	4.69B	4.65B
Ladies Growth	-	7.04%	-30.88%	64.07%	-5.12%	4.45%	-0.82%
Mens	2.1B	2.25B	1.75B	2.65B	2.8B	3.06B	3.38B
Mens Growth	-	7.04%	-21.87%	50.95%	5.89%	8.99%	10.60%
Accessories, Lingerie, Fine Jewelry, And Cosmetics	-	-	-	2.65B	2.62B	3.06B	3.17B
Accessories, Lingerie, Fine Jewelry, And Cosmetics Growth	-	-	-	-	-1.17%	16.78%	3.69%
Shoes	1.95B	2.09B	1.5B	2.27B	2.24B	2.65B	2.54B
Shoes Growth	-	7.04%	-27.88%	50.95%	-1.17%	18.07%	-4.28%
Childrens	1.2B	1.44B	1.13B	1.7B	1.68B	1.63B	1.9B
Childrens Growth	-	20.43%	-21.87%	50.95%	-1.17%	-3.12%	16.65%
Accessories, Lingerie, Fine Jewelry, and Fragrances	1.95B	2.09B	1.75B	-	-	-	-
Accessories, Lingerie, Fine Jewelry, and Fragrances Growth	-	7.04%	-15.86%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ross Stores, Inc. (ROST) has a price-to-earnings (P/E) ratio of 30.6x. This suggests investors expect higher future growth.

Growth & Financials

Ross Stores, Inc. (ROST) reported $22.03B in revenue for fiscal year 2024. This represents a 156% increase from $8.61B in 2011.

Ross Stores, Inc. (ROST) grew revenue by 3.7% over the past year. Growth has been modest.

Yes, Ross Stores, Inc. (ROST) is profitable, generating $2.09B in net income for fiscal year 2024 (9.9% net margin).

Dividend & Returns

Yes, Ross Stores, Inc. (ROST) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.

Ross Stores, Inc. (ROST) has a return on equity (ROE) of 40.3%. This is excellent, indicating efficient use of shareholder capital.

Ross Stores, Inc. (ROST) generated $1.96B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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