Ross Stores
ROST · NasdaqRetail-Family Clothing Stores · Fiscal year ends Feb 1
Ross Stores reported revenue of $22.8B in the fiscal year ended Jan 2026, up 7.7% from the year before. Operating income was $2.7B, an operating margin of 11.9%, and net income was $2.1B. Operating cash flow of $3B less capital expenditure of $819M left free cash flow of $2.2B. It held more cash than debt (net cash $3.1B).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $18.9B | $18.7B | $20.4B | $21.1B | $22.8B |
| Cost of revenue | $13.7B | $13.9B | $14.8B | $15.3B | $16.4B |
| Gross profit | $5.2B | $4.7B | $5.6B | $5.9B | $6.3B |
| Selling, general & admin | $2.9B | $2.8B | $3.3B | $3.3B | $3.6B |
| Operating income | – | $2B | $2.3B | $2.6B | $2.7B |
| Net interest incomeBanks | −$74M | −$3M | $164M | $172M | $135M |
| Pre-tax income | $2.3B | $2B | $2.5B | $2.8B | $2.8B |
| Income tax | $536M | $475M | $597M | $666M | $697M |
| Net income | $1.7B | $1.5B | $1.9B | $2.1B | $2.1B |
| Diluted EPS | 4.87 | 4.38 | 5.56 | 6.32 | 6.61 |
| Diluted shares | 354M | 345M | 337M | 331M | 324M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $4.9B | $4.6B | $4.9B | $4.7B | $4.6B |
| Receivables | $119M | $146M | $131M | $144M | $181M |
| Inventory | $2.3B | $2B | $2.2B | $2.4B | $2.6B |
| Current assets | $7.5B | $6.9B | $7.4B | $7.5B | $7.6B |
| Net PP&E | $2.9B | $3.2B | $3.5B | $3.8B | $4.1B |
| Total assets | $13.6B | $13.4B | $14.3B | $14.9B | $15.5B |
| Payables | $2.4B | $2B | $2B | $2.1B | $2.4B |
| Current liabilities | $4.2B | $3.6B | $4.2B | $4.7B | $4.8B |
| Short-term debt | $0 | $0 | $250M | $700M | $500M |
| Long-term debt | $2.5B | $2.5B | $2.2B | $1.5B | $1B |
| Shareholders' equity | $4.1B | $4.3B | $4.9B | $5.5B | $6.2B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $1.7B | $2.5B | $2.4B | $3B |
| Capital expenditure | $558M | $654M | $763M | $720M | $819M |
| Free cash flow | $1.2B | $1B | $1.8B | $1.6B | $2.2B |
| Depreciation & amortisation | $361M | $395M | $419M | $447M | $509M |
| Stock-based compensation | $134M | $122M | $145M | $156M | $175M |
| Share buybacks | $650M | $950M | $950M | $1B | $1.1B |
| Dividends paid | $405M | $431M | $455M | $489M | $528M |
| Dividend per share | 1.14 | 1.24 | 1.34 | 1.47 | 1.62 |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −1.2% | 9.0% | 3.7% | 7.7% |
| Operating income growth (YoY) | – | – | 15.9% | 12.0% | 4.7% |
| EPS growth (YoY) | – | −10.1% | 26.9% | 13.7% | 4.6% |
| Gross margin | 27.5% | 25.4% | 27.4% | 27.8% | 27.7% |
| Operating margin | – | 10.6% | 11.3% | 12.2% | 11.9% |
| Net margin | 9.1% | 8.1% | 9.2% | 9.9% | 9.4% |
| Return on equityBlank when equity is negative | 42.4% | 35.3% | 38.5% | 37.9% | 34.7% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 20.4% | 22.8% | 25.2% | 25.3% |
| Free cash flow margin | 6.2% | 5.5% | 8.6% | 7.7% | 9.7% |
| Cash conversion (CFO ÷ net income) | 1.01x | 1.12x | 1.34x | 1.13x | 1.41x |
| Receivable days | 2 | 3 | 2 | 2 | 3 |
| Inventory days | 60 | 53 | 54 | 58 | 58 |
| Payable days | 63 | 53 | 48 | 51 | 53 |
| Debt ÷ equity | 0.60x | 0.57x | 0.51x | 0.40x | 0.25x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$2.5B | −$2.1B | −$2.4B | −$2.5B | −$3.1B |
| Current ratio | 1.77x | 1.90x | 1.77x | 1.62x | 1.58x |
Recent filings
More in Retail-Family Clothing Stores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.