Ross Stores Financials
This page shows Ross Stores (ROST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ross Stores has an operating margin of 12.2%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 11.3% the prior year.
Ross Stores's revenue grew a modest 3.7% year-over-year to $21.1B. This slow but positive growth earns a score of 39/100.
Ross Stores carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Ross Stores's current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Ross Stores has a free cash flow margin of 7.8%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ross Stores earns a strong 37.5% return on equity (ROE), meaning it generates $37 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 37.9% the prior year.
Ross Stores scores 7.06, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($63.6B) relative to total liabilities ($8.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ross Stores passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ross Stores generates $1.13 in operating cash flow ($2.4B OCF vs $2.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Ross Stores earns $15.1 in operating income for every $1 of interest expense ($2.6B vs $171.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Ross Stores generated $21.1B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Ross Stores's EBITDA was $3.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.2% from the prior year.
Ross Stores generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 6.6% from the prior year.
Ross Stores reported $2.1B in net income in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Ross Stores held $3.8B in cash against $1.0B in long-term debt as of fiscal year 2025.
Ross Stores paid $1.47 per share in dividends in fiscal year 2025. This represents an increase of 9.7% from the prior year.
Ross Stores had 329M shares outstanding in fiscal year 2025. This represents a decrease of 1.9% from the prior year.
Ross Stores's gross margin was 27.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Ross Stores's operating margin was 12.2% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
Ross Stores's net profit margin was 9.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Ross Stores's ROE was 37.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Ross Stores spent $1.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 10.5% from the prior year.
Ross Stores invested $720.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.6% from the prior year.
ROST Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6B+1.3% | $5.5B+10.9% | $5.0B-1.7% | $5.1B-4.1% | $5.3B+8.8% | $4.9B-19.3% | $6.0B+22.3% | $4.9B |
| Cost of Revenue | $4.0B+0.8% | $4.0B+11.7% | $3.6B-1.5% | $3.6B-4.2% | $3.8B+8.6% | $3.5B-20.2% | $4.4B+22.8% | $3.6B |
| Gross Profit | $1.6B+2.7% | $1.5B+8.8% | $1.4B-2.3% | $1.4B-3.9% | $1.5B+9.4% | $1.4B-17.0% | $1.6B+21.1% | $1.4B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $920.0M+3.5% | $888.7M+11.5% | $797.1M-4.3% | $832.9M-0.4% | $836.4M+7.7% | $776.3M-14.0% | $903.1M+11.4% | $810.5M |
| Operating Income | $648.5M+1.6% | $638.3M+5.2% | $606.5M+0.4% | $604.2M-8.3% | $659.2M+11.5% | $591.1M | N/A | N/A |
| Interest Expense | $33.9M+4.8% | $32.3M-6.0% | $34.4M-19.1% | $42.5M-1.9% | $43.4M-5.7% | $46.0M-12.0% | $52.2M+20.5% | $43.3M |
| Income Tax | $170.5M+4.8% | $162.6M+0.6% | $161.6M+2.3% | $157.9M-10.0% | $175.4M+17.7% | $149.1M-20.1% | $186.6M+27.7% | $146.1M |
| Net Income | $511.9M+0.8% | $508.0M+6.0% | $479.2M-2.0% | $488.8M-7.3% | $527.1M+8.0% | $488.0M-20.0% | $609.7M+36.3% | $447.3M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ROST Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.4B+6.3% | $14.5B+1.3% | $14.3B-4.0% | $14.9B+1.5% | $14.7B+1.3% | $14.5B+1.3% | $14.3B+0.2% | $14.3B |
| Current Assets | $7.6B+10.2% | $6.9B+0.7% | $6.9B-9.8% | $7.6B+0.4% | $7.6B+1.2% | $7.5B+1.5% | $7.4B-1.3% | $7.5B |
| Cash & Equivalents | $4.1B+5.6% | $3.8B+1.7% | $3.8B-13.0% | $4.3B-6.8% | $4.7B+0.3% | $4.7B-4.5% | $4.9B+8.3% | $4.5B |
| Inventory | $3.1B+20.0% | $2.6B-2.3% | $2.7B-6.6% | $2.9B+14.8% | $2.5B+1.2% | $2.5B+12.3% | $2.2B-16.1% | $2.6B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.5B+8.8% | $8.8B+0.4% | $8.7B-9.5% | $9.6B+1.0% | $9.5B0.0% | $9.5B+1.2% | $9.4B-2.7% | $9.7B |
| Current Liabilities | $5.0B+14.3% | $4.4B-1.0% | $4.4B-8.4% | $4.8B-0.6% | $4.9B-0.2% | $4.9B+16.7% | $4.2B-5.0% | $4.4B |
| Long-Term Debt | $1.0B0.0% | $1.0B0.0% | $1.0B-32.9% | $1.5B0.0% | $1.5B0.0% | $1.5B-31.6% | $2.2B0.0% | $2.2B |
| Total Equity | $5.9B+2.6% | $5.7B+2.8% | $5.6B+5.9% | $5.3B+2.6% | $5.1B+3.7% | $4.9B+1.6% | $4.9B+6.3% | $4.6B |
| Retained Earnings | $4.5B+2.9% | $4.3B+2.9% | $4.2B+7.7% | $3.9B+2.9% | $3.8B+4.1% | $3.7B+3.1% | $3.5B+7.8% | $3.3B |
ROST Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $827.1M+23.7% | $668.4M+63.1% | $409.7M-20.2% | $513.4M-13.3% | $592.1M+60.5% | $368.9M-61.1% | $948.8M+111.1% | $449.5M |
| Capital Expenditures | $209.3M+3.7% | $201.7M-2.7% | $207.4M+15.0% | $180.4M-8.7% | $197.5M+44.9% | $136.2M-38.7% | $222.4M+25.6% | $177.0M |
| Free Cash Flow | $617.8M+32.4% | $466.6M+130.6% | $202.3M-39.2% | $333.0M-15.6% | $394.6M+69.6% | $232.7M-68.0% | $726.4M+166.6% | $272.5M |
| Investing Cash Flow | -$209.3M-3.7% | -$201.7M+2.7% | -$207.4M-15.0% | -$180.4M+8.7% | -$197.5M-44.9% | -$136.2M+38.7% | -$222.4M-25.6% | -$177.0M |
| Financing Cash Flow | -$403.0M-0.2% | -$402.3M+65.0% | -$1.1B-76.6% | -$651.1M-71.3% | -$380.0M+15.6% | -$450.0M-27.5% | -$353.0M+0.8% | -$355.7M |
| Dividends Paid | $131.6M-0.6% | $132.3M-0.7% | $133.3M+9.5% | $121.7M-0.6% | $122.5M-0.7% | $123.3M+9.4% | $112.7M-0.6% | $113.3M |
| Share Buybacks | $262.5M0.0% | $262.5M0.0% | $262.5M0.0% | $262.5M0.0% | $262.5M0.0% | $262.5M+6.4% | $246.6M+3.4% | $238.5M |
ROST Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.0%+0.4pp | 27.6%-0.5pp | 28.2%-0.2pp | 28.3%+0.1pp | 28.3%+0.1pp | 28.1%+0.8pp | 27.4%-0.3pp | 27.6% |
| Operating Margin | 11.6%+0.0pp | 11.5%-0.6pp | 12.2%+0.3pp | 11.9%-0.6pp | 12.5%+0.3pp | 12.2% | N/A | N/A |
| Net Margin | 9.1%-0.1pp | 9.2%-0.4pp | 9.6%-0.0pp | 9.6%-0.3pp | 10.0%-0.1pp | 10.0%-0.1pp | 10.1%+1.0pp | 9.1% |
| Return on Equity | 8.7%-0.2pp | 8.9%+0.3pp | 8.6%-0.7pp | 9.3%-1.0pp | 10.3%+0.4pp | 9.9%-2.7pp | 12.5%+2.8pp | 9.8% |
| Return on Assets | 3.3%-0.2pp | 3.5%+0.2pp | 3.4%+0.1pp | 3.3%-0.3pp | 3.6%+0.2pp | 3.4%-0.9pp | 4.3%+1.1pp | 3.1% |
| Current Ratio | 1.52-0.1 | 1.58+0.0 | 1.55-0.0 | 1.57+0.0 | 1.56+0.0 | 1.54-0.2 | 1.77+0.1 | 1.70 |
| Debt-to-Equity | 0.170.0 | 0.180.0 | 0.18-0.1 | 0.290.0 | 0.30-0.0 | 0.31-0.1 | 0.45-0.0 | 0.48 |
| FCF Margin | 11.0%+2.6pp | 8.4%+4.4pp | 4.1%-2.5pp | 6.6%-0.9pp | 7.5%+2.7pp | 4.8%-7.3pp | 12.1%+6.5pp | 5.5% |
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Frequently Asked Questions
What is Ross Stores's annual revenue?
Ross Stores (ROST) reported $21.1B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ross Stores's revenue growing?
Ross Stores (ROST) revenue grew by 3.7% year-over-year, from $20.4B to $21.1B in fiscal year 2025.
Is Ross Stores profitable?
Yes, Ross Stores (ROST) reported a net income of $2.1B in fiscal year 2025, with a net profit margin of 9.9%.
What is Ross Stores's EBITDA?
Ross Stores (ROST) had EBITDA of $3.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ross Stores have?
As of fiscal year 2025, Ross Stores (ROST) had $3.8B in cash and equivalents against $1.0B in long-term debt.
What is Ross Stores's gross margin?
Ross Stores (ROST) had a gross margin of 27.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ross Stores's operating margin?
Ross Stores (ROST) had an operating margin of 12.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ross Stores's net profit margin?
Ross Stores (ROST) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ross Stores pay dividends?
Yes, Ross Stores (ROST) paid $1.47 per share in dividends during fiscal year 2025.
What is Ross Stores's return on equity (ROE)?
Ross Stores (ROST) has a return on equity of 37.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ross Stores's free cash flow?
Ross Stores (ROST) generated $1.6B in free cash flow during fiscal year 2025. This represents a -6.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ross Stores's operating cash flow?
Ross Stores (ROST) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ross Stores's total assets?
Ross Stores (ROST) had $14.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ross Stores's capital expenditures?
Ross Stores (ROST) invested $720.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Ross Stores buy back shares?
Yes, Ross Stores (ROST) spent $1.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Ross Stores have outstanding?
Ross Stores (ROST) had 329M shares outstanding as of fiscal year 2025.
What is Ross Stores's current ratio?
Ross Stores (ROST) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Ross Stores's debt-to-equity ratio?
Ross Stores (ROST) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ross Stores's return on assets (ROA)?
Ross Stores (ROST) had a return on assets of 14.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ross Stores's Altman Z-Score?
Ross Stores (ROST) has an Altman Z-Score of 7.06, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ross Stores's Piotroski F-Score?
Ross Stores (ROST) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ross Stores's earnings high quality?
Ross Stores (ROST) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ross Stores cover its interest payments?
Ross Stores (ROST) has an interest coverage ratio of 15.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ross Stores?
Ross Stores (ROST) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.