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Ross Stores (ROST) Financials

Ross Stores logo
$149.05 -1.24 (-0.83%)
Closing price 08/28/2025 04:00 PM Eastern
Extended Trading
$148.45 -0.60 (-0.40%)
As of 05:15 AM Eastern
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Annual Income Statements for Ross Stores

Annual Income Statements for Ross Stores

This table shows Ross Stores' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/31/2015 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Net Income / (Loss) Attributable to Common Shareholders		 925 1,021 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091
Consolidated Net Income / (Loss)		 925 1,021 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091
Net Income / (Loss) Continuing Operations		 925 1,021 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091
Total Pre-Tax Income 		1,485 1,612 1,786 2,041 2,051 2,164 106 2,259 1,987 2,472 2,757
Total Operating Income		 1,488 1,624 1,803 2,048 2,041 2,146 190 2,333 1,990 2,308 2,586
Total Gross Profit		 3,104 3,363 3,693 4,092 4,257 4,503 2,693 5,207 4,750 5,575 5,869
Total Revenue		 11,042 11,940 12,867 14,135 14,984 16,039 12,532 18,916 18,696 20,377 21,129
Operating Revenue		 11,042 11,940 12,867 14,135 14,984 16,039 12,532 18,916 18,696 20,377 21,129
Total Cost of Revenue		 7,938 8,577 9,174 10,043 10,726 11,536 9,839 13,709 13,946 14,802 15,261
Operating Cost of Revenue		 7,938 8,577 9,174 10,043 10,726 11,536 9,839 13,709 13,946 14,802 15,261
Total Operating Expenses		 1,615 1,739 1,890 2,044 2,217 2,357 2,503 2,874 2,759 3,268 3,283
Selling, General & Admin Expense		 1,615 1,739 1,890 2,044 2,217 2,357 2,503 2,874 2,759 3,268 3,283
Total Other Income / (Expense), net		 -2.98 -13 -16 -7.68 10 18 -83 -74 -2.84 164 172
Interest Expense		 2.98 13 - - -10 -18 - 74 2.84 -164 -172
Income Tax Expense		 561 591 669 678 463 503 21 536 475 597 666
Basic Earnings per Share		 $2.24 $2.53 $2.85 $3.58 $4.30 $4.63 $0.24 $4.90 $4.40 $5.59 $6.36
Weighted Average Basic Shares Outstanding		 413.55M 403.03M 392.12M 381.17M 369.53M 358.46M 352.39M 351.50M 343.45M 335.19M 328.59M
Diluted Earnings per Share		 $2.21 $2.51 $2.83 $3.55 $4.26 $4.60 $0.24 $4.87 $4.38 $5.56 $6.32
Weighted Average Diluted Shares Outstanding		 418.08M 406.41M 394.96M 384.33M 372.68M 361.18M 354.62M 353.73M 345.22M 337.43M 330.98M
Weighted Average Basic & Diluted Shares Outstanding		 - 403.40M 392.20M 380.70M 369.20M 355.90M 356.52M 350.89M 342.05M 335.17M 328.82M
Cash Dividends to Common per Share		 - - $0.54 $0.64 - $1.02 $0.29 $1.14 $1.24 $1.34 $1.47

Quarterly Income Statements for Ross Stores

This table shows Ross Stores' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Net Income / (Loss) Attributable to Common Shareholders		 342 447 371 446 447 610 488 527 489 587 479
Consolidated Net Income / (Loss)		 342 447 371 446 447 610 488 527 489 587 479
Net Income / (Loss) Continuing Operations		 342 447 371 446 447 610 488 527 489 587 479
Total Pre-Tax Income 		451 581 487 595 593 796 637 703 647 771 641
Total Operating Income		 448 559 456 595 593 744 591 659 604 731 606
Total Gross Profit		 1,141 1,288 1,202 1,366 1,361 1,647 1,367 1,496 1,437 1,569 1,404
Total Revenue		 4,565 5,214 4,495 4,935 4,925 6,023 4,858 5,288 5,071 5,912 4,985
Operating Revenue		 4,565 5,214 4,495 4,935 4,925 6,023 4,858 5,288 5,071 5,912 4,985
Total Cost of Revenue		 3,424 3,926 3,293 3,569 3,564 4,375 3,491 3,792 3,634 4,344 3,581
Operating Cost of Revenue		 3,424 3,926 3,293 3,569 3,564 4,375 3,491 3,792 3,634 4,344 3,581
Total Operating Expenses		 693 729 746 771 767 903 776 836 833 838 797
Selling, General & Admin Expense		 693 729 746 808 810 903 776 836 833 838 797
Total Other Income / (Expense), net		 0.00 28 31 0.00 0.00 52 46 43 43 40 34
Interest & Investment Income		 - - 31 - - - 46 43 43 - 34
Income Tax Expense		 109 134 116 149 146 187 149 175 158 184 162
Basic Earnings per Share		 $1.00 $1.31 $1.10 $1.33 $1.34 $1.82 $1.47 $1.60 $1.49 $1.80 $1.48
Weighted Average Basic Shares Outstanding		 342.12M 343.45M 338.05M 336.23M 334.28M 335.19M 331.26M 329.39M 327.71M 328.59M 324.88M
Diluted Earnings per Share		 $1.00 $1.30 $1.09 $1.32 $1.33 $1.82 $1.46 $1.59 $1.48 $1.79 $1.47
Weighted Average Diluted Shares Outstanding		 343.72M 345.22M 340.04M 337.93M 336.26M 337.43M 333.74M 331.51M 329.94M 330.98M 327.01M
Weighted Average Basic & Diluted Shares Outstanding		 344.37M 342.05M 340.66M 338.63M 336.67M 335.17M 333.57M 331.76M 329.93M 328.82M 327.07M
Cash Dividends to Common per Share		 $0.31 $0.31 $0.34 $0.34 $0.34 $0.34 $0.37 $0.37 $0.37 - $0.41

Annual Cash Flow Statements for Ross Stores

This table details how cash moves in and out of Ross Stores' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/31/2015 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Net Change in Cash & Equivalents		 273 65 347 177 125 -67 3,542 29 -370 323 -139
Net Cash From Operating Activities		 1,373 1,326 1,559 1,681 2,067 2,172 2,246 1,739 1,689 2,514 2,357
Net Cash From Continuing Operating Activities		 1,373 1,326 1,559 1,681 2,067 2,172 2,246 1,739 1,689 2,514 2,357
Net Income / (Loss) Continuing Operations		 925 1,021 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091
Consolidated Net Income / (Loss)		 925 1,021 1,118 1,363 1,587 1,661 85 1,723 1,512 1,875 2,091
Depreciation Expense		 233 275 303 313 330 351 364 361 395 419 447
Non-Cash Adjustments To Reconcile Net Income		 53 71 75 81 96 95 314 134 122 145 95
Changes in Operating Assets and Liabilities, net		 162 -40 64 -76 53 64 1,483 -479 -339 75 -275
Net Cash From Investing Activities		 -639 -363 -296 -355 -410 -555 -405 -558 -654 -763 -637
Net Cash From Continuing Investing Activities		 -639 -363 -296 -355 -410 -555 -405 -558 -654 -763 -637
Purchase of Property, Plant & Equipment		 -647 -367 -298 -371 -414 -555 -405 -558 -654 -763 -720
Sale of Property, Plant & Equipment		 - 0.00 0.00 16 - - - - 0.00 0.00 83
Net Cash From Financing Activities		 -460 -899 -916 -1,149 -1,531 -1,683 1,702 -1,152 -1,405 -1,428 -1,859
Net Cash From Continuing Financing Activities		 -460 -899 -916 -1,149 -1,531 -1,683 1,702 -1,152 -1,405 -1,428 -1,859
Repayment of Debt		 246 - 0.00 0.00 -85 0.00 -1,813 -65 0.00 0.00 -250
Repurchase of Common Equity		 -589 -769 -743 -920 -1,129 -1,336 -178 -707 -999 -999 -1,145
Payment of Dividends		 -168 -192 -215 -248 -337 -370 -101 -405 -431 -455 -489
Issuance of Common Equity		 22 20 19 18 20 22 24 25 25 25 25
Cash Interest Paid		 9.67 18 18 18 18 13 72 84 80 80 80
Cash Income Taxes Paid		 510 524 628 715 428 507 8.92 565 362 595 703

Quarterly Cash Flow Statements for Ross Stores

This table details how cash moves in and out of Ross Stores' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Net Change in Cash & Equivalents		 2.90 646 -135 168 -83 373 -217 15 -318 382 -947
Net Cash From Operating Activities		 529 1,217 413 703 449 949 369 592 513 883 410
Net Cash From Continuing Operating Activities		 529 1,217 413 703 449 949 369 592 513 883 410
Net Income / (Loss) Continuing Operations		 342 447 371 446 447 610 488 527 489 587 479
Consolidated Net Income / (Loss)		 342 447 371 446 447 610 488 527 489 587 479
Depreciation Expense		 101 104 99 99 102 119 109 109 112 117 116
Non-Cash Adjustments To Reconcile Net Income		 29 30 33 39 39 34 40 38 39 -22 39
Changes in Operating Assets and Liabilities, net		 56 636 -90 119 -139 186 -269 -82 -126 201 -225
Net Cash From Investing Activities		 -175 -236 -167 -196 -177 -222 -136 -197 -180 -123 -207
Net Cash From Continuing Investing Activities		 -175 -236 -167 -196 -177 -222 -136 -197 -180 -123 -207
Purchase of Property, Plant & Equipment		 -175 -236 -167 -196 -177 -222 -136 -197 -180 -206 -207
Net Cash From Financing Activities		 -351 -335 -381 -339 -356 -353 -450 -380 -651 -377 -1,150
Net Cash From Continuing Financing Activities		 -351 -335 -381 -339 -356 -353 -450 -380 -651 -377 -1,150
Repayment of Debt		 - - - - - - 0.00 - - - -700
Repurchase of Common Equity		 -250 -235 -272 -231 -249 -247 -333 -264 -286 -263 -323
Payment of Dividends		 -107 -107 -115 -114 -113 -113 -123 -122 -122 -121 -133
Issuance of Common Equity		 6.41 6.40 6.15 6.21 6.23 6.31 6.22 6.19 6.35 6.32 6.14
Cash Interest Paid		 40 - 40 - 40 - 40 - 40 - 36
Cash Income Taxes Paid		 74 101 0.05 287 153 155 -0.38 373 173 157 0.33

Annual Balance Sheets for Ross Stores

This table presents Ross Stores' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/31/2015 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Total Assets		 4,687 4,869 5,309 5,722 6,074 9,348 12,718 13,640 13,416 14,300 14,905
Total Current Assets		 2,250 2,372 2,813 3,151 3,404 3,433 6,692 7,473 6,905 7,398 7,539
Cash & Equivalents		 697 762 1,112 1,290 1,413 1,351 4,819 4,922 4,552 4,872 4,731
Accounts Receivable		 73 74 75 88 97 102 115 119 146 131 144
Inventories, net		 1,373 1,419 1,513 1,642 1,750 1,832 1,509 2,262 2,023 2,192 2,445
Prepaid Expenses		 - - - - - - - - - - 219
Plant, Property, & Equipment, net		 2,274 2,343 2,328 2,382 2,475 2,653 2,710 2,899 3,182 3,532 3,792
Plant, Property & Equipment, gross		 4,034 4,340 4,591 4,908 5,257 5,702 6,084 6,573 7,210 7,913 8,523
Accumulated Depreciation		 1,760 1,997 2,263 2,526 2,782 3,048 3,374 3,675 4,028 4,381 4,731
Total Noncurrent Assets		 164 154 168 188 194 3,262 3,315 3,269 3,330 3,370 3,574
Other Noncurrent Operating Assets		 161 153 167 188 194 3,262 3,315 3,269 3,330 3,370 3,574
Total Liabilities & Shareholders' Equity		 4,687 4,869 5,309 5,722 6,074 9,348 12,718 13,640 13,416 14,300 14,905
Total Liabilities		 2,408 2,397 2,561 2,673 2,768 5,989 9,427 9,580 9,128 9,429 9,396
Total Current Liabilities		 1,659 1,603 1,753 1,926 2,009 2,702 3,967 4,215 3,636 4,186 4,662
Short-Term Debt		 - - 0.00 85 - 0.00 65 - 0.00 250 700
Accounts Payable		 1,001 946 1,022 1,060 1,177 1,296 2,257 2,372 2,010 1,956 2,126
Accrued Expenses		 385 377 398 432 432 462 592 613 639 672 626
Current Deferred & Payable Income Tax Liabilities		 17 0.00 16 0.00 38 14 55 10 52 76 44
Current Employee Benefit Liabilities		 256 281 316 350 363 364 400 589 280 548 462
Other Current Liabilities		 - - - - - 564 598 631 656 684 703
Total Noncurrent Liabilities		 749 794 809 746 758 3,287 5,460 5,365 5,492 5,243 4,734
Long-Term Debt		 396 396 396 661 634 313 2,448 2,452 2,457 2,211 1,515
Noncurrent Deferred & Payable Income Tax Liabilities		 74 130 121 86 124 150 122 138 217 196 187
Other Noncurrent Operating Liabilities		 280 268 291 - - 2,825 2,890 2,775 2,818 2,836 3,032
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 - 0.00 - - 0.00 0.00
Total Equity & Noncontrolling Interests		 2,279 2,472 2,748 3,049 3,306 3,359 3,291 4,060 4,289 4,871 5,509
Total Preferred & Common Equity		 2,279 2,472 2,748 3,049 3,306 3,359 3,291 4,060 4,289 4,871 5,509
Total Common Equity		 2,279 2,472 2,748 3,049 3,306 3,359 3,291 4,060 4,289 4,871 5,509
Common Stock		 1,018 1,126 1,220 1,296 1,380 1,462 1,583 1,721 1,824 1,956 2,100
Retained Earnings		 1,422 1,575 1,801 2,071 2,299 2,331 2,186 2,875 3,050 3,549 4,128
Treasury Stock		 -161 -230 -273 -318 -373 -433 -479 -536 -585 -633 -719

Quarterly Balance Sheets for Ross Stores

This table presents Ross Stores' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 5/3/2025
Total Assets		 13,100 13,416 13,619 13,987 14,271 14,300 14,492 14,678 14,905 14,305
Total Current Assets		 6,761 6,905 7,040 7,274 7,492 7,398 7,507 7,595 7,626 6,875
Cash & Equivalents		 3,906 4,552 4,416 4,584 4,499 4,872 4,654 4,668 4,349 3,783
Accounts Receivable		 168 146 171 175 172 131 165 182 176 181
Inventories, net		 2,494 2,023 2,242 2,300 2,614 2,192 2,462 2,491 2,859 2,670
Prepaid Expenses		 - - - - - - 226 - - 241
Plant, Property, & Equipment, net		 3,009 3,182 3,225 3,311 3,398 3,532 3,515 3,584 3,658 3,828
Plant, Property & Equipment, gross		 6,948 7,210 7,326 7,501 7,675 7,913 7,978 8,130 8,304 8,640
Accumulated Depreciation		 3,939 4,028 4,101 4,190 4,277 4,381 4,463 4,546 4,646 4,812
Total Noncurrent Assets		 3,330 3,330 3,355 3,403 3,381 3,370 3,469 3,500 3,621 3,602
Other Noncurrent Operating Assets		 3,330 3,330 3,355 3,403 3,381 3,370 3,469 3,500 3,621 3,602
Total Liabilities & Shareholders' Equity		 13,100 13,416 13,619 13,987 14,271 14,300 14,492 14,678 14,905 14,305
Total Liabilities		 8,953 9,128 9,309 9,533 9,688 9,429 9,544 9,547 9,642 8,729
Total Current Liabilities		 3,464 3,636 3,781 3,970 4,406 4,186 4,886 4,874 4,844 4,436
Short-Term Debt		 0.00 0.00 0.00 0.00 250 250 949 949 699 499
Accounts Payable		 1,928 2,010 2,062 2,151 2,280 1,956 2,119 2,217 2,346 2,164
Accrued Expenses		 617 639 607 690 665 672 612 640 637 616
Current Deferred & Payable Income Tax Liabilities		 11 52 158 25 21 76 213 23 2.19 180
Current Employee Benefit Liabilities		 251 280 299 435 509 548 313 354 459 275
Other Current Liabilities		 657 656 655 668 680 684 680 691 699 702
Total Noncurrent Liabilities		 5,489 5,492 5,527 5,563 5,282 5,243 4,658 4,673 4,798 4,293
Long-Term Debt		 2,455 2,457 2,458 2,459 2,210 2,211 1,513 1,514 1,514 1,017
Noncurrent Deferred & Payable Income Tax Liabilities		 214 217 228 219 213 196 207 195 197 209
Other Noncurrent Operating Liabilities		 2,819 2,818 2,842 2,886 2,859 2,836 2,938 2,965 3,087 3,067
Commitments & Contingencies		 0.00 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,147 4,289 4,310 4,455 4,583 4,871 4,948 5,131 5,263 5,576
Total Preferred & Common Equity		 4,147 4,289 4,310 4,455 4,583 4,871 4,948 5,131 5,263 5,576
Total Common Equity		 4,147 4,289 4,310 4,455 4,583 4,871 4,948 5,131 5,263 5,576
Common Stock		 1,797 1,824 1,853 1,889 1,924 1,956 1,993 2,028 2,064 2,135
Retained Earnings		 2,932 3,050 3,080 3,189 3,292 3,549 3,658 3,807 3,919 4,221
Treasury Stock		 -581 -585 -622 -623 -633 -633 -704 -705 -719 -780

Annual Metrics And Ratios for Ross Stores

This table displays calculated financial ratios and metrics derived from Ross Stores' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/31/2015 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.93% 8.14% 7.76% 9.85% 6.01% 7.04% -21.87% 50.95% -1.17% 8.99% 3.69%
EBITDA Growth		 11.11% 10.33% 10.84% 12.18% 0.40% 5.31% -77.82% 386.24% -11.46% 14.34% 11.19%
EBIT Growth		 10.82% 9.14% 10.97% 13.63% -0.38% 5.17% -91.16% 1,129.70% -14.68% 15.94% 12.04%
NOPAT Growth		 10.68% 11.02% 9.66% 21.27% 15.48% 4.27% -90.75% 1,067.64% -14.90% 15.58% 12.03%
Net Income Growth		 10.44% 10.37% 9.50% 21.93% 16.49% 4.63% -94.86% 1,917.51% -12.22% 23.97% 11.53%
EPS Growth		 10.44% 13.57% 12.75% 25.44% 20.00% 7.98% -94.78% 1,929.17% -10.06% 26.94% 13.67%
Operating Cash Flow Growth		 34.33% -3.40% 17.54% 7.85% 22.92% 5.07% 3.43% -22.58% -2.85% 48.84% -6.26%
Free Cash Flow Firm Growth		 80.39% 7.05% 72.75% -32.61% 73.61% 19.10% -19.65% -21.17% -22.38% 62.86% -3.82%
Invested Capital Growth		 11.74% 13.11% -9.04% 23.22% 0.95% -8.15% -57.58% 61.52% 37.94% 12.15% 21.70%
Revenue Q/Q Growth		 2.71% 1.86% 2.06% 4.11% 0.26% 1.95% -1.29% 4.25% 1.05% 4.13% -0.52%
EBITDA Q/Q Growth		 3.43% 1.31% 3.40% 5.48% -2.14% 2.35% -25.04% 3.52% 3.16% 7.93% 2.21%
EBIT Q/Q Growth		 3.56% 0.90% 3.65% 5.95% -2.40% 2.17% -49.42% 3.97% 3.51% 8.73% 2.68%
NOPAT Q/Q Growth		 3.60% 1.68% 3.29% 12.16% -0.85% 0.99% -57.96% 7.88% 3.37% 8.72% 2.51%
Net Income Q/Q Growth		 3.42% 1.56% 3.37% 12.39% -0.57% 0.88% -71.87% 8.08% 5.60% 9.50% -1.08%
EPS Q/Q Growth		 3.42% 0.40% 2.17% 10.94% 0.24% 1.77% -71.43% 8.22% 6.05% 10.32% -0.47%
Operating Cash Flow Q/Q Growth		 3.79% 15.04% -2.17% -0.83% 5.14% 7.10% -11.71% -11.57% 138.66% -9.63% -2.73%
Free Cash Flow Firm Q/Q Growth		 14.27% 14.76% 2.44% -29.68% 6.00% 30.56% -12.13% -23.01% 10,250.05% -15.82% 7.47%
Invested Capital Q/Q Growth		 -2.74% -5.80% -6.16% 18.64% 13.05% -5.15% -11.71% 28.24% -18.65% -3.28% -4.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.11% 28.17% 28.70% 28.95% 28.41% 28.07% 21.49% 27.53% 25.40% 27.36% 27.78%
EBITDA Margin		 15.59% 15.91% 16.36% 16.71% 15.82% 15.57% 4.42% 14.24% 12.76% 13.38% 14.35%
Operating Margin		 13.48% 13.60% 14.01% 14.49% 13.62% 13.38% 1.51% 12.33% 10.65% 11.32% 12.24%
EBIT Margin		 13.48% 13.60% 14.01% 14.49% 13.62% 13.38% 1.51% 12.33% 10.65% 11.32% 12.24%
Profit (Net Income) Margin		 8.37% 8.55% 8.69% 9.64% 10.59% 10.36% 0.68% 9.11% 8.09% 9.20% 9.90%
Tax Burden Percent		 62.26% 63.33% 62.57% 66.78% 77.40% 76.74% 80.32% 76.27% 76.08% 75.84% 75.83%
Interest Burden Percent		 99.80% 99.22% 99.09% 99.63% 100.50% 100.84% 56.03% 96.81% 99.86% 107.11% 106.64%
Effective Tax Rate		 37.74% 36.67% 37.43% 33.22% 22.60% 23.26% 19.68% 23.73% 23.92% 24.16% 24.17%
Return on Invested Capital (ROIC)		 49.53% 48.89% 52.89% 60.33% 62.80% 67.95% 9.22% 138.23% 80.05% 75.23% 71.91%
ROIC Less NNEP Spread (ROIC-NNEP)		 50.21% 51.83% 55.05% 61.14% 61.62% 66.42% 13.23% 140.60% 80.14% 69.70% 66.63%
Return on Net Nonoperating Assets (RNNOA)		 -6.38% -5.93% -10.07% -13.31% -12.84% -18.11% -6.65% -91.36% -43.83% -34.30% -31.63%
Return on Equity (ROE)		 43.15% 42.96% 42.82% 47.01% 49.96% 49.84% 2.57% 46.87% 36.22% 40.93% 40.28%
Cash Return on Invested Capital (CROIC)		 38.44% 36.59% 62.36% 39.52% 61.86% 76.45% 90.09% 91.18% 48.16% 63.77% 52.34%
Operating Return on Assets (OROA)		 34.68% 34.00% 35.42% 37.14% 34.60% 27.83% 1.72% 17.70% 14.71% 16.65% 17.71%
Return on Assets (ROA)		 21.54% 21.36% 21.96% 24.71% 26.92% 21.54% 0.77% 13.07% 11.18% 13.53% 14.32%
Return on Common Equity (ROCE)		 43.15% 42.96% 42.82% 47.01% 49.96% 49.84% 2.57% 46.87% 36.22% 40.93% 40.28%
Return on Equity Simple (ROE_SIMPLE)		 40.57% 41.29% 40.67% 44.69% 48.02% 49.44% 2.59% 42.43% 35.26% 38.48% 37.95%
Net Operating Profit after Tax (NOPAT)		 927 1,029 1,128 1,368 1,580 1,647 152 1,779 1,514 1,750 1,961
NOPAT Margin		 8.39% 8.62% 8.77% 9.68% 10.54% 10.27% 1.22% 9.41% 8.10% 8.59% 9.28%
Net Nonoperating Expense Percent (NNEP)		 -0.68% -2.94% -2.16% -0.81% 1.19% 1.53% -4.01% -2.37% -0.09% 5.52% 5.28%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 25.38%
Cost of Revenue to Revenue		 71.89% 71.83% 71.30% 71.05% 71.59% 71.93% 78.51% 72.47% 74.60% 72.64% 72.22%
SG&A Expenses to Revenue		 14.63% 14.56% 14.69% 14.46% 14.79% 14.69% 19.98% 15.20% 14.76% 16.04% 15.54%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 14.63% 14.56% 14.69% 14.46% 14.79% 14.69% 19.98% 15.20% 14.76% 16.04% 15.54%
Earnings before Interest and Taxes (EBIT)		 1,488 1,624 1,803 2,048 2,041 2,146 190 2,333 1,990 2,308 2,586
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,721 1,899 2,105 2,362 2,371 2,497 554 2,694 2,385 2,727 3,032
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.65 8.49 8.71 9.30 9.75 11.48 11.58 8.09 9.43 9.88 8.99
Price to Tangible Book Value (P/TBV)		 7.65 8.49 8.71 9.30 9.75 11.48 11.58 8.09 9.43 9.88 8.99
Price to Revenue (P/Rev)		 1.58 1.76 1.86 2.01 2.15 2.40 3.04 1.74 2.16 2.36 2.34
Price to Earnings (P/E)		 18.86 20.56 21.41 20.81 20.31 23.22 446.43 19.06 26.76 25.68 23.68
Dividend Yield		 0.96% 0.91% 0.89% 0.86% 1.03% 0.95% 0.98% 1.23% 1.06% 0.94% 0.98%
Earnings Yield		 5.30% 4.86% 4.67% 4.81% 4.92% 4.31% 0.22% 5.25% 3.74% 3.89% 4.22%
Enterprise Value to Invested Capital (EV/IC)		 8.68 9.23 11.42 11.11 12.45 16.17 36.38 19.10 17.49 18.59 15.70
Enterprise Value to Revenue (EV/Rev)		 1.55 1.73 1.80 1.97 2.10 2.34 2.86 1.61 2.05 2.24 2.22
Enterprise Value to EBITDA (EV/EBITDA)		 9.96 10.85 11.03 11.78 13.27 15.03 64.65 11.27 16.09 16.76 15.50
Enterprise Value to EBIT (EV/EBIT)		 11.52 12.69 12.88 13.58 15.42 17.49 188.76 13.01 19.28 19.81 18.18
Enterprise Value to NOPAT (EV/NOPAT)		 18.50 20.04 20.58 20.33 19.92 22.79 235.00 17.06 25.34 26.12 23.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.48 15.54 14.89 16.54 15.22 17.28 15.94 17.46 22.71 18.18 19.94
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.83 26.78 17.45 31.03 20.22 20.25 24.05 25.87 42.11 30.81 32.94
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.17 0.16 0.14 0.24 0.19 0.09 0.76 0.60 0.57 0.51 0.40
Long-Term Debt to Equity		 0.17 0.16 0.14 0.22 0.19 0.09 0.74 0.60 0.57 0.45 0.28
Financial Leverage		 -0.13 -0.11 -0.18 -0.22 -0.21 -0.27 -0.50 -0.65 -0.55 -0.49 -0.47
Leverage Ratio		 2.00 2.01 1.95 1.90 1.86 2.31 3.32 3.59 3.24 3.03 2.81
Compound Leverage Factor		 2.00 2.00 1.93 1.90 1.87 2.33 1.86 3.47 3.24 3.24 3.00
Debt to Total Capital		 14.79% 13.81% 12.61% 19.65% 16.10% 8.52% 43.30% 37.66% 36.42% 33.56% 28.67%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 2.24% 0.00% 0.00% 1.12% 0.00% 0.00% 3.41% 9.06%
Long-Term Debt to Total Capital		 14.79% 13.81% 12.61% 17.41% 16.10% 8.52% 42.18% 37.66% 36.42% 30.16% 19.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.21% 86.19% 87.39% 80.35% 83.90% 91.48% 56.70% 62.34% 63.58% 66.44% 71.33%
Debt to EBITDA		 0.23 0.21 0.19 0.32 0.27 0.13 4.54 0.91 1.03 0.90 0.73
Net Debt to EBITDA		 -0.18 -0.19 -0.34 -0.23 -0.33 -0.42 -4.16 -0.92 -0.88 -0.88 -0.83
Long-Term Debt to EBITDA		 0.23 0.21 0.19 0.28 0.27 0.13 4.42 0.91 1.03 0.81 0.50
Debt to NOPAT		 0.43 0.39 0.35 0.55 0.40 0.19 16.49 1.38 1.62 1.41 1.13
Net Debt to NOPAT		 -0.33 -0.36 -0.64 -0.40 -0.49 -0.63 -15.13 -1.39 -1.38 -1.38 -1.28
Long-Term Debt to NOPAT		 0.43 0.39 0.35 0.48 0.40 0.19 16.07 1.38 1.62 1.26 0.77
Altman Z-Score		 8.33 9.75 9.86 10.78 11.37 6.78 3.96 4.59 5.15 5.64 5.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.36 1.48 1.61 1.64 1.69 1.27 1.69 1.77 1.90 1.77 1.62
Quick Ratio		 0.46 0.52 0.68 0.72 0.75 0.54 1.24 1.20 1.29 1.20 1.05
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 719 770 1,330 896 1,556 1,853 1,489 1,174 911 1,484 1,427
Operating Cash Flow to CapEx		 212.29% 361.42% 523.33% 473.03% 499.32% 390.93% 553.96% 311.71% 258.29% 329.63% 369.75%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.79 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.39 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.89 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.57 2.50 2.53 2.56 2.54 2.08 1.14 1.44 1.38 1.47 1.45
Accounts Receivable Turnover		 162.51 162.55 172.96 173.41 162.35 161.24 115.34 161.46 141.13 147.41 153.53
Inventory Turnover		 6.04 6.14 6.26 6.37 6.32 6.44 5.89 7.27 6.51 7.02 6.58
Fixed Asset Turnover		 5.32 5.17 5.51 6.00 6.17 6.25 4.67 6.74 6.15 6.07 5.77
Accounts Payable Turnover		 8.92 8.81 9.33 9.65 9.59 9.33 5.54 5.92 6.36 7.46 7.48
Days Sales Outstanding (DSO)		 2.25 2.25 2.11 2.10 2.25 2.26 3.16 2.26 2.59 2.48 2.38
Days Inventory Outstanding (DIO)		 60.46 59.40 58.33 57.33 57.72 56.68 61.98 50.20 56.08 51.98 55.45
Days Payable Outstanding (DPO)		 40.93 41.41 39.14 37.83 38.06 39.13 65.91 61.63 57.35 48.90 48.82
Cash Conversion Cycle (CCC)		 21.78 20.24 21.30 21.60 21.90 19.81 -0.77 -9.16 1.32 5.56 9.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,975 2,233 2,032 2,503 2,527 2,321 984 1,590 2,193 2,460 2,993
Invested Capital Turnover		 5.90 5.67 6.03 6.23 5.96 6.62 7.58 14.70 9.88 8.76 7.75
Increase / (Decrease) in Invested Capital		 207 259 -202 472 24 -206 -1,337 606 603 266 534
Enterprise Value (EV)		 17,139 20,613 23,209 27,810 31,458 37,529 35,811 30,361 38,364 45,717 46,998
Market Capitalization		 17,444 20,981 23,926 28,356 32,237 38,567 38,117 32,831 40,460 48,129 49,514
Book Value per Share		 $10.93 $6.10 $6.97 $7.98 $8.92 $9.36 $9.23 $11.49 $12.45 $14.47 $16.70
Tangible Book Value per Share		 $10.93 $6.10 $6.97 $7.98 $8.92 $9.36 $9.23 $11.49 $12.45 $14.47 $16.70
Total Capital		 2,675 2,868 3,145 3,795 3,940 3,672 5,804 6,512 6,745 7,332 7,724
Total Debt		 396 396 396 746 634 313 2,513 2,452 2,457 2,461 2,215
Total Long-Term Debt		 396 396 396 661 634 313 2,448 2,452 2,457 2,211 1,515
Net Debt		 -305 -369 -716 -546 -779 -1,038 -2,306 -2,470 -2,095 -2,412 -2,516
Capital Expenditures (CapEx)		 647 367 298 355 414 555 405 558 654 763 637
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -107 6.01 -51 19 -18 -620 -2,029 -1,664 -1,283 -1,410 -1,154
Debt-free Net Working Capital (DFNWC)		 590 769 1,061 1,310 1,395 731 2,790 3,258 3,268 3,462 3,577
Net Working Capital (NWC)		 590 769 1,061 1,225 1,395 731 2,725 3,258 3,268 3,212 2,877
Net Nonoperating Expense (NNE)		 1.86 7.99 10 5.13 -7.87 -14 67 57 2.16 -124 -130
Net Nonoperating Obligations (NNO)		 -305 -239 -716 -546 -779 -1,038 -2,306 -2,470 -2,095 -2,412 -2,516
Total Depreciation and Amortization (D&A)		 233 275 303 313 330 351 364 361 395 419 447
Debt-free, Cash-free Net Working Capital to Revenue		 -0.97% 0.05% -0.40% 0.13% -0.12% -3.87% -16.19% -8.80% -6.86% -6.92% -5.46%
Debt-free Net Working Capital to Revenue		 5.35% 6.44% 8.24% 9.27% 9.31% 4.56% 22.27% 17.22% 17.48% 16.99% 16.93%
Net Working Capital to Revenue		 5.35% 6.44% 8.24% 8.66% 9.31% 4.56% 21.75% 17.22% 17.48% 15.76% 13.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $4.30 $4.63 $0.00 $4.90 $4.40 $5.59 $6.36
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 369.53M 358.46M 0.00 351.50M 343.45M 335.19M 328.59M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $4.26 $4.60 $0.00 $4.87 $4.38 $5.56 $6.32
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 372.68M 361.18M 0.00 353.73M 345.22M 337.43M 330.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 368.25M 355.90M 0.00 350.89M 342.05M 335.17M 328.82M
Normalized Net Operating Profit after Tax (NOPAT)		 927 1,029 1,128 1,368 1,580 1,647 152 1,779 1,514 1,750 1,961
Normalized NOPAT Margin		 8.39% 8.62% 8.77% 9.68% 10.54% 10.27% 1.22% 9.41% 8.10% 8.59% 9.28%
Pre Tax Income Margin		 13.45% 13.50% 13.88% 14.44% 13.69% 13.49% 0.85% 11.94% 10.63% 12.13% 13.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31.39 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.94 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.88 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.43 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.22% 18.84% 19.20% 18.16% 21.24% 22.26% 118.77% 23.52% 28.52% 24.26% 23.38%
Augmented Payout Ratio		 81.92% 94.18% 85.71% 85.71% 92.39% 102.68% 326.88% 64.58% 94.58% 77.53% 78.13%

Quarterly Metrics And Ratios for Ross Stores

This table displays calculated financial ratios and metrics derived from Ross Stores' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/29/2022 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.20% 3.86% 3.73% 7.68% 7.87% 15.50% 8.08% 7.15% 2.97% -1.83% 2.61%
EBITDA Growth		 -10.05% 12.40% -0.72% 13.03% 26.65% 30.23% 26.13% 10.73% 2.90% 8.39% 3.16%
EBIT Growth		 -14.29% 13.75% -2.42% 15.19% 32.44% 33.18% 29.67% 10.82% 1.82% 10.17% 2.60%
NOPAT Growth		 -14.88% 12.86% -1.28% 13.68% 31.60% 32.62% 30.39% 10.82% 2.09% 9.54% 0.16%
Net Income Growth		 -11.17% 21.87% 9.68% 16.07% 30.78% 36.38% 31.47% 18.11% 9.27% -3.76% -1.79%
EPS Growth		 -8.26% 23.81% 12.37% 18.92% 33.00% 40.00% 33.95% 20.45% 11.28% -1.65% 0.68%
Operating Cash Flow Growth		 234.22% 417.32% 199.25% 95.31% -15.03% -22.02% -10.71% -15.79% 14.23% -6.98% 11.06%
Free Cash Flow Firm Growth		 -506.76% 22.81% 136.38% 155.35% 153.77% 274.70% -89.98% -112.70% -121.35% -90.53% -303.57%
Invested Capital Growth		 117.44% 37.94% -5.63% -12.99% -5.67% 12.15% 17.18% 25.56% 23.00% 21.70% 20.07%
Revenue Q/Q Growth		 -0.38% 14.21% -13.80% 9.79% -0.20% 22.29% -19.33% 8.84% -4.09% 16.58% -15.68%
EBITDA Q/Q Growth		 -10.44% 20.62% -16.23% 24.88% 0.36% 32.27% -18.86% 9.64% -6.75% 18.46% -14.83%
EBIT Q/Q Growth		 -13.23% 24.69% -18.41% 30.49% -0.24% 35.26% -20.56% 11.52% -8.35% 20.99% -17.04%
NOPAT Q/Q Growth		 -13.43% 26.38% -19.16% 28.52% 0.23% 37.39% -20.52% 9.24% -7.67% 21.87% -18.51%
Net Income Q/Q Growth		 -11.05% 30.70% -16.97% 20.24% 0.23% 36.29% -19.96% 8.02% -7.27% 20.04% -18.33%
EPS Q/Q Growth		 -9.91% 30.00% -16.15% 21.10% 0.76% 36.84% -19.78% 8.90% -6.92% 20.95% -17.88%
Operating Cash Flow Q/Q Growth		 46.92% 130.03% -66.04% 70.19% -36.08% 111.09% -61.12% 60.50% -13.30% 71.91% -53.58%
Free Cash Flow Firm Q/Q Growth		 22.22% 84.44% 380.76% 62.93% -24.44% -46.55% -83.90% -306.53% -27.05% 117.85% -534.63%
Invested Capital Q/Q Growth		 0.68% -18.65% 7.22% -0.92% 9.16% -3.28% 12.03% 6.16% 6.93% -4.31% 10.53%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.00% 24.70% 26.74% 27.67% 27.63% 27.35% 28.15% 28.29% 28.34% 26.53% 28.16%
EBITDA Margin		 12.04% 12.71% 12.35% 14.05% 14.13% 14.33% 14.42% 14.52% 14.12% 14.35% 14.49%
Operating Margin		 9.81% 10.71% 10.14% 12.05% 12.05% 12.35% 12.17% 12.47% 11.91% 12.36% 12.17%
EBIT Margin		 9.81% 10.71% 10.14% 12.05% 12.05% 12.35% 12.17% 12.47% 11.91% 12.36% 12.17%
Profit (Net Income) Margin		 7.49% 8.57% 8.26% 9.04% 9.08% 10.12% 10.04% 9.97% 9.64% 9.92% 9.61%
Tax Burden Percent		 75.86% 76.89% 76.18% 75.03% 75.38% 76.57% 76.60% 75.03% 75.58% 76.13% 74.78%
Interest Burden Percent		 100.63% 104.07% 106.89% 100.00% 100.00% 107.01% 107.77% 106.58% 107.04% 105.44% 105.67%
Effective Tax Rate		 24.14% 23.11% 23.82% 24.97% 24.62% 23.43% 23.40% 24.97% 24.42% 23.87% 25.22%
Return on Invested Capital (ROIC)		 70.00% 81.43% 60.17% 69.39% 67.85% 82.86% 75.70% 75.10% 67.45% 72.95% 63.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 69.90% 80.66% 58.81% 69.39% 67.85% 81.09% 74.01% 73.59% 65.91% 71.72% 62.63%
Return on Net Nonoperating Assets (RNNOA)		 -36.06% -44.11% -24.76% -28.90% -27.13% -39.90% -33.19% -33.25% -27.95% -34.05% -26.54%
Return on Equity (ROE)		 33.94% 37.32% 35.41% 40.49% 40.72% 42.96% 42.52% 41.85% 39.50% 38.90% 37.24%
Cash Return on Invested Capital (CROIC)		 0.45% 48.16% 68.13% 76.34% 69.62% 63.77% 56.85% 49.78% 46.83% 52.34% 46.45%
Operating Return on Assets (OROA)		 13.44% 14.81% 14.24% 17.05% 17.23% 18.17% 17.95% 18.35% 17.35% 17.89% 17.96%
Return on Assets (ROA)		 10.26% 11.85% 11.60% 12.79% 12.99% 14.89% 14.82% 14.67% 14.03% 14.36% 14.19%
Return on Common Equity (ROCE)		 33.94% 37.32% 35.41% 40.49% 40.72% 42.96% 42.52% 41.85% 39.50% 38.90% 37.24%
Return on Equity Simple (ROE_SIMPLE)		 34.53% 0.00% 35.84% 36.06% 37.35% 0.00% 40.25% 40.39% 40.16% 0.00% 37.34%
Net Operating Profit after Tax (NOPAT)		 340 430 347 446 447 570 453 495 457 557 454
NOPAT Margin		 7.45% 8.24% 7.73% 9.04% 9.08% 9.46% 9.32% 9.35% 9.00% 9.41% 9.10%
Net Nonoperating Expense Percent (NNEP)		 0.10% 0.77% 1.36% 0.00% 0.00% 1.77% 1.70% 1.50% 1.54% 1.23% 1.15%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 6.35% - - - 6.11% 7.21% 6.40%
Cost of Revenue to Revenue		 75.00% 75.30% 73.26% 72.33% 72.37% 72.65% 71.85% 71.71% 71.66% 73.47% 71.84%
SG&A Expenses to Revenue		 15.19% 13.99% 16.60% 16.37% 16.46% 15.00% 15.98% 15.82% 16.42% 14.17% 15.99%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 15.19% 13.99% 16.60% 15.62% 15.58% 15.00% 15.98% 15.82% 16.42% 14.17% 15.99%
Earnings before Interest and Taxes (EBIT)		 448 559 456 595 593 744 591 659 604 731 606
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 549 663 555 693 696 863 700 768 716 848 722
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.83 9.43 8.36 8.65 8.23 9.88 8.84 9.10 8.81 8.99 8.26
Price to Tangible Book Value (P/TBV)		 7.83 9.43 8.36 8.65 8.23 9.88 8.84 9.10 8.81 8.99 8.26
Price to Revenue (P/Rev)		 1.75 2.16 1.91 2.01 1.93 2.36 2.11 2.21 2.18 2.34 2.17
Price to Earnings (P/E)		 22.67 26.76 23.31 23.99 22.04 25.68 21.97 22.52 21.93 23.68 22.13
Dividend Yield		 1.30% 1.06% 1.20% 1.14% 1.18% 0.94% 1.05% 1.00% 1.03% 0.98% 1.08%
Earnings Yield		 4.41% 3.74% 4.29% 4.17% 4.54% 3.89% 4.55% 4.44% 4.56% 4.22% 4.52%
Enterprise Value to Invested Capital (EV/IC)		 11.50 17.49 14.48 15.63 14.03 18.59 15.08 15.20 14.14 15.70 13.24
Enterprise Value to Revenue (EV/Rev)		 1.68 2.05 1.81 1.90 1.82 2.24 2.00 2.11 2.08 2.22 2.06
Enterprise Value to EBITDA (EV/EBITDA)		 13.41 16.09 14.30 14.80 13.69 16.76 14.47 15.09 14.91 15.50 14.34
Enterprise Value to EBIT (EV/EBIT)		 16.13 19.28 17.21 17.70 16.20 19.81 17.01 17.73 17.56 18.18 16.84
Enterprise Value to NOPAT (EV/NOPAT)		 21.17 25.34 22.56 23.30 21.36 26.12 22.39 23.36 23.12 23.97 22.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 43.80 22.71 13.52 12.73 12.83 18.18 16.82 18.85 18.25 19.94 18.27
Enterprise Value to Free Cash Flow (EV/FCFF)		 3,522.57 42.11 20.64 19.06 19.57 30.81 28.62 33.99 33.30 32.94 31.10
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.59 0.57 0.57 0.55 0.54 0.51 0.50 0.48 0.42 0.40 0.27
Long-Term Debt to Equity		 0.59 0.57 0.57 0.55 0.48 0.45 0.31 0.30 0.29 0.28 0.18
Financial Leverage		 -0.52 -0.55 -0.42 -0.42 -0.40 -0.49 -0.45 -0.45 -0.42 -0.47 -0.42
Leverage Ratio		 3.32 3.24 3.21 3.17 3.14 3.03 3.04 2.99 2.96 2.81 2.74
Compound Leverage Factor		 3.34 3.37 3.43 3.17 3.14 3.24 3.27 3.19 3.17 2.97 2.89
Debt to Total Capital		 37.19% 36.42% 36.31% 35.56% 34.93% 33.56% 33.22% 32.43% 29.61% 28.67% 21.37%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.54% 3.41% 12.80% 12.50% 9.35% 9.06% 7.03%
Long-Term Debt to Total Capital		 37.19% 36.42% 36.31% 35.56% 31.38% 30.16% 20.42% 19.94% 20.25% 19.62% 14.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 62.81% 63.58% 63.69% 64.44% 65.07% 66.44% 66.78% 67.57% 70.39% 71.33% 78.63%
Debt to EBITDA		 1.06 1.03 1.03 1.00 0.94 0.90 0.86 0.84 0.75 0.73 0.50
Net Debt to EBITDA		 -0.63 -0.88 -0.82 -0.86 -0.78 -0.88 -0.76 -0.75 -0.72 -0.83 -0.74
Long-Term Debt to EBITDA		 1.06 1.03 1.03 1.00 0.85 0.81 0.53 0.51 0.51 0.50 0.33
Debt to NOPAT		 1.68 1.62 1.63 1.57 1.47 1.41 1.33 1.29 1.16 1.13 0.77
Net Debt to NOPAT		 -0.99 -1.38 -1.30 -1.36 -1.22 -1.38 -1.18 -1.16 -1.12 -1.28 -1.16
Long-Term Debt to NOPAT		 1.68 1.62 1.63 1.57 1.32 1.26 0.82 0.80 0.79 0.77 0.52
Altman Z-Score		 4.32 4.80 4.42 4.54 4.43 5.28 4.89 5.10 5.04 5.36 5.41
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.95 1.90 1.86 1.83 1.70 1.77 1.54 1.56 1.57 1.62 1.55
Quick Ratio		 1.18 1.29 1.21 1.20 1.06 1.20 0.99 1.00 0.93 1.05 0.89
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,116 -174 487 794 600 303 49 -101 -128 23 -99
Operating Cash Flow to CapEx		 303.02% 515.18% 247.02% 358.36% 253.93% 426.69% 270.77% 299.83% 284.60% 428.46% 197.57%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.37 1.38 1.40 1.41 1.43 1.47 1.48 1.47 1.46 1.45 1.48
Accounts Receivable Turnover		 113.08 141.13 112.62 112.04 114.98 147.41 123.36 118.06 122.02 153.53 122.71
Inventory Turnover		 5.84 6.51 5.71 5.67 5.62 7.02 6.38 6.36 5.59 6.58 5.98
Fixed Asset Turnover		 6.39 6.15 6.17 6.16 6.11 6.07 6.15 6.12 6.02 5.77 5.79
Accounts Payable Turnover		 6.02 6.36 6.63 6.71 6.82 7.46 7.18 6.97 6.61 7.48 7.17
Days Sales Outstanding (DSO)		 3.23 2.59 3.24 3.26 3.17 2.48 2.96 3.09 2.99 2.38 2.97
Days Inventory Outstanding (DIO)		 62.52 56.08 63.88 64.42 64.95 51.98 57.23 57.44 65.31 55.45 61.01
Days Payable Outstanding (DPO)		 60.61 57.35 55.06 54.40 53.51 48.90 50.87 52.37 55.22 48.82 50.92
Cash Conversion Cycle (CCC)		 5.14 1.32 12.06 13.28 14.62 5.56 9.32 8.16 13.09 9.01 13.06
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,696 2,193 2,351 2,330 2,543 2,460 2,755 2,925 3,128 2,993 3,308
Invested Capital Turnover		 9.40 9.88 7.79 7.67 7.47 8.76 8.12 8.03 7.49 7.75 7.01
Increase / (Decrease) in Invested Capital		 1,456 603 -140 -348 -153 266 404 595 585 534 553
Enterprise Value (EV)		 31,005 38,364 34,055 36,422 35,685 45,717 41,550 44,461 44,222 46,998 43,797
Market Capitalization		 32,456 40,460 36,014 38,547 37,725 48,129 43,743 46,667 46,357 49,514 46,065
Book Value per Share		 $11.95 $12.45 $12.60 $13.08 $13.53 $14.47 $14.76 $15.38 $15.86 $16.70 $16.96
Tangible Book Value per Share		 $11.95 $12.45 $12.60 $13.08 $13.53 $14.47 $14.76 $15.38 $15.86 $16.70 $16.96
Total Capital		 6,602 6,745 6,768 6,913 7,043 7,332 7,410 7,593 7,477 7,724 7,092
Total Debt		 2,455 2,457 2,458 2,459 2,460 2,461 2,462 2,463 2,214 2,215 1,516
Total Long-Term Debt		 2,455 2,457 2,458 2,459 2,210 2,211 1,513 1,514 1,514 1,515 1,017
Net Debt		 -1,451 -2,095 -1,959 -2,125 -2,040 -2,412 -2,193 -2,205 -2,135 -2,516 -2,268
Capital Expenditures (CapEx)		 175 236 167 196 177 222 136 197 180 206 207
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -610 -1,283 -1,158 -1,279 -1,164 -1,410 -1,084 -998 -867 -1,154 -845
Debt-free Net Working Capital (DFNWC)		 3,297 3,268 3,258 3,304 3,336 3,462 3,570 3,670 3,482 3,577 2,938
Net Working Capital (NWC)		 3,297 3,268 3,258 3,304 3,086 3,212 2,622 2,721 2,783 2,877 2,439
Net Nonoperating Expense (NNE)		 -2.13 -17 -24 0.00 0.00 -40 -35 -33 -32 -30 -26
Net Nonoperating Obligations (NNO)		 -1,451 -2,095 -1,959 -2,125 -2,040 -2,412 -2,193 -2,205 -2,135 -2,516 -2,268
Total Depreciation and Amortization (D&A)		 101 104 99 99 102 119 109 109 112 117 116
Debt-free, Cash-free Net Working Capital to Revenue		 -3.29% -6.86% -6.14% -6.66% -5.95% -6.92% -5.23% -4.73% -4.08% -5.46% -3.98%
Debt-free Net Working Capital to Revenue		 17.82% 17.48% 17.28% 17.20% 17.05% 16.99% 17.21% 17.40% 16.39% 16.93% 13.82%
Net Working Capital to Revenue		 17.82% 17.48% 17.28% 17.20% 15.77% 15.76% 12.64% 12.90% 13.10% 13.62% 11.48%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.00 $1.31 $1.10 $1.33 $1.34 $1.82 $1.47 $1.60 $1.49 $1.80 $1.48
Adjusted Weighted Average Basic Shares Outstanding		 342.12M 343.45M 338.05M 336.23M 334.28M 335.19M 331.26M 329.39M 327.71M 328.59M 324.88M
Adjusted Diluted Earnings per Share		 $1.00 $1.30 $1.09 $1.32 $1.33 $1.82 $1.46 $1.59 $1.48 $1.79 $1.47
Adjusted Weighted Average Diluted Shares Outstanding		 343.72M 345.22M 340.04M 337.93M 336.26M 337.43M 333.74M 331.51M 329.94M 330.98M 327.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 344.37M 342.05M 340.66M 338.63M 336.67M 335.17M 333.57M 331.76M 329.93M 328.82M 327.07M
Normalized Net Operating Profit after Tax (NOPAT)		 340 430 347 446 447 570 453 495 457 557 454
Normalized NOPAT Margin		 7.45% 8.24% 7.73% 9.04% 9.08% 9.46% 9.32% 9.35% 9.00% 9.41% 9.10%
Pre Tax Income Margin		 9.88% 11.15% 10.84% 12.05% 12.05% 13.22% 13.11% 13.29% 12.75% 13.04% 12.86%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.70% 28.52% 28.30% 27.57% 26.22% 24.26% 23.27% 22.77% 22.72% 23.38% 23.95%
Augmented Payout Ratio		 99.36% 94.58% 92.59% 89.10% 83.86% 77.53% 76.47% 75.46% 76.13% 78.13% 78.45%

Key Financial Trends

Ross Stores (NASDAQ: ROST) has shown solid financial performance over the last few years, with consistent revenue growth and profitability. Below are the key trends and notable points based on the latest four years of quarterly financial data:

  • Revenue Growth: Operating revenue increased steadily from approximately $4.5 billion in Q1 2023 to nearly $5.0 billion in Q1 2025, reflecting strong top-line growth.
  • Net Income Growth: Net income improved from $371 million in Q1 2023 to $479 million in Q1 2025, demonstrating profitability expansion.
  • Gross Profit Margin Stability: Gross profit margins remain healthy near the 28-30% range, indicating good control over cost of goods sold despite revenue increases.
  • Strong Cash Generation: Operating cash flow remains strong, with $410 million generated in Q1 2025 despite some working capital headwinds.
  • Investment in Property & Equipment: Capital expenditures have increased slightly to around $207 million in Q1 2025, supporting store growth and modernization.
  • Substantial Cash Reserves: Cash and equivalents totaled approximately $3.78 billion as of Q1 2025, providing liquidity and financial flexibility.
  • Increasing Long-Term Debt Volatility: Long-term debt fluctuated in recent quarters, declining from $2.2 billion in late 2023 to about $1.0 billion in Q1 2025, suggesting active management but warranting close monitoring.
  • Share Repurchases and Dividends: Ross continues to return capital via dividends (about $0.40 per share in Q1 2025) and share repurchases (over $300 million in Q1 2025), supporting shareholder value.
  • Working Capital Challenges: Changes in operating assets and liabilities contributed a negative $225 million impact on operating cash flow in Q1 2025, potentially indicating inventory or receivables management issues.
  • Decline in Net Cash from Financing Activities: Net cash outflow from financing activities increased to nearly $1.15 billion in Q1 2025 compared to lower levels in prior years, driven by heavy debt repayments and share buybacks, which could pressure liquidity if sustained.

Summary: Ross Stores continues to demonstrate strong revenue and earnings growth with robust cash generation and substantial cash reserves. The company invests steadily in its store base while rewarding shareholders through dividends and buybacks. However, increased outflows in financing activities and some working capital headwinds require attention. Overall, Ross is financially solid and well-positioned, but investors should monitor debt levels and cash outflows in upcoming quarters.

08/29/25 05:58 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Ross Stores' Financials

When does Ross Stores' financial year end?

According to the most recent income statement we have on file, Ross Stores' fiscal year ends in February. Their fiscal year 2025 ended on February 1, 2025.

How has Ross Stores' net income changed over the last 10 years?

Ross Stores' net income appears to be on an upward trend, with a most recent value of $2.09 billion in 2024, rising from $924.72 million in 2014. The previous period was $1.87 billion in 2023. Find out what analysts predict for Ross Stores in the coming months.

What is Ross Stores' operating income?
Ross Stores' total operating income in 2024 was $2.59 billion, based on the following breakdown:
  • Total Gross Profit: $5.87 billion
  • Total Operating Expenses: $3.28 billion
How has Ross Stores' revenue changed over the last 10 years?

Over the last 10 years, Ross Stores' total revenue changed from $11.04 billion in 2014 to $21.13 billion in 2024, a change of 91.4%.

How much debt does Ross Stores have?

Ross Stores' total liabilities were at $9.40 billion at the end of 2024, a 0.3% decrease from 2023, and a 290.2% increase since 2014.

How much cash does Ross Stores have?

In the past 10 years, Ross Stores' cash and equivalents has ranged from $696.61 million in 2014 to $4.92 billion in 2021, and is currently $4.73 billion as of their latest financial filing in 2024.

How has Ross Stores' book value per share changed over the last 10 years?

Over the last 10 years, Ross Stores' book value per share changed from 10.93 in 2014 to 16.70 in 2024, a change of 52.7%.


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This page (NASDAQ:ROST) was last updated on 8/29/2025 by MarketBeat.com Staff
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