Overview
ROSS STORES, INC.
Latest 10-K: FY2026, filed Mar 31, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $22.75B
- 7.7%YoYup from FY2025
- TotalRevenue
- Gross profit
- $6.30B
- 7.4%YoYup from FY2025
- GrossProfit
- Operating income
- $2.71B
- 4.7%YoYup from FY2025
- OperatingIncome
- Net income
- $2.15B
- 2.6%YoYup from FY2025
- NetIncome
- Diluted EPS
- $6.61
- 4.6%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 324.4M
- 2.0%YoYdown from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- ROSS STORES, INC. reported revenue of $22.75B for fiscal 2026, up 7.7% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 2 of the last 4 fiscal years.
Profitability
- Operating margin was 11.9% and net margin was 9.4%.
Per share
- Diluted EPS was $6.61, up 4.6% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $22.75B7.7%up | $21.13B3.7%up Benchmark median 6.4% | $20.38B9.0%up Benchmark median 4.5% | $18.70B1.2%down Benchmark median 4.8% | $18.92B50.9%up Benchmark median 10.3% | 4.7% |
| Gross Profit Median of 315 / 498 | $6.30B7.4%up | $5.87B5.3%up Benchmark median 6.8% | $5.58B17.4%up Benchmark median 5.5% | $4.75B8.8%down Benchmark median 5.2% | $5.21B93.4%up Benchmark median 8.3% | 4.9% |
| Operating Income Median of 373 / 498 | $2.71B4.7%up | $2.59B12.0%up Benchmark median 7.3% | $2.31B15.9%up Benchmark median 7.4% | $1.99B Benchmark median 4.9% | — | — |
| Net Income | $2.15B2.6%up | $2.09B11.5%up Benchmark median 4.8% | $1.87B24.0%up Benchmark median 5.7% | $1.51B12.2%down Benchmark median 1.9% | $1.72B1917.5%up Benchmark median 1.3% | 5.6% |
| EPS (Diluted) | $6.614.6%up | $6.3213.7%up Benchmark median 6.2% | $5.5626.9%up Benchmark median 7.9% | $4.3810.1%down Benchmark median 1.9% | $4.871929.2%up Benchmark median 1.5% | 7.9% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $15.55B4.3%up | $14.91B4.2%up Benchmark median 5.6% | $14.30B6.6%up Benchmark median 3.4% | $13.42B1.6%down Benchmark median 4.1% | $13.64B7.3%up Benchmark median 2.2% | 3.3% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — |
| Stockholders' Equity | $6.19B12.3%up | $5.51B13.1%up Benchmark median 6.8% | $4.87B13.6%up Benchmark median 5.4% | $4.29B5.6%up Benchmark median 7.3% | $4.06B23.4%up Benchmark median 2.5% | 11.1% |
| Cash & Equivalents | $4.59B2.9%down | $4.73B2.9%down Benchmark median 5.2% | $4.87B7.0%up Benchmark median 1.9% | $4.55B7.5%down Benchmark median 6.7% | $4.92B2.1%up Benchmark median -8.6% | -1.7% |
| Total Debt | $1.52B31.5%down | $2.21B10.0%down Benchmark median 2.1% | $2.46B0.2%up Benchmark median 0.2% | $2.46B0.2%up Benchmark median 0.3% | $2.45B2.4%down Benchmark median 0.1% | -11.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.03B28.4%up | $2.36B6.3%down Benchmark median 6.3% | $2.51B48.8%up Benchmark median 4.8% | $1.69B2.8%down Benchmark median 9.9% | $1.74B22.6%down Benchmark median -0.7% | 14.9% |
| Capital Expenditures | $819.27M13.8%up | $720.10M5.6%down Benchmark median 5.4% | $762.81M16.6%up Benchmark median 2.8% | $654.07M17.3%up Benchmark median 11.3% | $557.84M37.6%up Benchmark median 14.0% | 10.1% |
| Free Cash Flow Median of 378 / 498 | $2.21B34.9%up | $1.64B6.6%down Benchmark median 7.3% | $1.75B69.2%up Benchmark median 6.1% | $1.04B12.3%down Benchmark median 8.8% | $1.18B35.8%down Benchmark median -11.3% | 16.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.5%
Wall Street
on net earnings
FY2025 4.2%
3.6%
Value investor
on free cash flow
FY2025 3.3%
Gap +0.1 pts: Value-investor figure 0.1 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 28.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.5%
Wall Street
on EBITDA
FY2025 6.4%
4.7%
Value investor
on EBIT
FY2025 5.5%
Gap −0.8 pts: Value-investor figure 0.8 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 18.1×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
10.1%
Wall Street
on book equity
FY2025 11.1%
10.1%
Value investor
on tangible book
FY2025 11.1%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 9.9×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
36.7%
Wall Street
ROE: net income ÷ equity
FY2025 40.3%
30.6%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 31.6%
Gap −6.1 pts: Value-investor figure 6.1 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
14.1%
Wall Street
EBITDA margin
FY2025 14.4%
9.7%
Value investor
Free-cash-flow margin
FY2025 7.7%
Gap −4.4 pts: Value-investor figure 4.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.58×
Wall Street
Current ratio
FY2025 1.62×
1.04×
Value investor
Quick ratio, inventory excluded
FY2025 1.09×
Gap −0.54×: Value-investor figure 0.54 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
2.12×
Wall Street
EBITDA ÷ total debt
FY2025 1.37×
1.45×
Value investor
FCF ÷ total debt
FY2025 0.74×
Gap −0.67×: Value-investor figure 0.67 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
65.5×
Wall Street
EBITDA ÷ interest
FY2025 37.3×
55.1×
Value investor
EBIT ÷ interest
FY2025 31.8×
Gap −10.4×: Value-investor figure 10.4 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ROST yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ROST and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/ROST
Valuein. (2026, October 31). ROSS STORES, INC. (ROST) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ROST
@misc{valuein_rost_2026,
author = {{Valuein}},
title = {ROSS STORES, INC. (ROST) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ROST}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Mar 31, 2026 · accession 0000745732-26-000006
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point-in-time · survivorship-free · every number traceable to its SEC filing
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