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ROST

Ross Stores, Inc.

ROST

Ross Stores, Inc. • NASDAQ
$176.36 ▼ -0.75% (-1.33)
Market Cap $57.36 B
52w High $178.19
52w Low $122.36
Dividend Yield 1.58%
P/E 27.56
Volume 781.39K
Outstanding Shares 325.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.601B ▲ $920.002M ▲ $511.935M ▲ 9.14% ▼ $1.59 ▲ $977.334M ▲
Q2-2025 $5.529B ▲ $888.711M ▲ $507.995M ▲ 9.188% ▼ $1.57 ▲ $888.401M ▲
Q1-2025 $4.985B ▼ $797.135M ▼ $479.249M ▼ 9.614% ▼ $1.48 ▼ $769.276M ▼
Q4-2024 $5.912B ▲ $837.633M ▲ $586.784M ▲ 9.925% ▲ $1.8 ▲ $901.761M ▲
Q3-2024 $5.071B $832.855M $488.808M 9.639% $1.48 $773.941M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.061B ▲ $15.415B ▲ $9.531B ▲ $5.884B ▲
Q2-2025 $3.847B ▲ $14.496B ▲ $8.763B ▲ $5.733B ▲
Q1-2025 $3.783B ▼ $14.305B ▼ $8.729B ▼ $5.576B ▲
Q4-2024 $4.731B ▲ $14.905B ▲ $9.396B ▼ $5.509B ▲
Q3-2024 $4.349B $14.905B $9.642B $5.263B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $511.935M ▲ $827.088M ▲ $-209.261M ▼ $-402.985M ▼ $214.842M ▲ $617.827M ▲
Q2-2025 $507.995M ▲ $668.362M ▲ $-201.727M ▲ $-402.332M ▲ $64.303M ▲ $466.635M ▲
Q1-2025 $479.249M ▼ $409.715M ▼ $-207.378M ▼ $-1.15B ▼ $-947.472M ▼ $202.337M ▼
Q4-2024 $586.784M ▲ $882.557M ▲ $-123.34M ▲ $-377.413M ▲ $381.804M ▲ $676.575M ▲
Q3-2024 $488.808M $513.389M $-180.387M $-651.052M $-318.05M $333.002M

Revenue by Products

Product Q1-2025Q2-2025
Reportable Segment
Reportable Segment
 $4.98Bn ▲$5.53Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Ross has grown sales steadily over the past several years and has firmly bounced back from the pandemic dip. Profitability has improved as well, with rising earnings per share and healthier operating margins, suggesting good cost control and solid demand for its off‑price offering. The business still shows some sensitivity to retail cycles, but the overall trend in revenue and profits has been upward and relatively consistent, indicating a mature, well-managed income statement.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Ross holds a sizable cash cushion and its debt level has been broadly stable, while shareholder equity has been building over time. This combination points to a company that is not over‑leveraged, has financial flexibility, and appears well positioned to handle periodic retail or macroeconomic slowdowns without stressing its finances.

Cash Flow

Cash Flow Ross consistently converts its profits into cash, which is a key strength. Operating cash flow has remained solid, and after funding store investments and other capital needs, the company still generates healthy free cash flow. This supports ongoing store growth, shareholder returns, and technology or supply chain upgrades, without needing to lean heavily on borrowing.

Competitive Edge

Competitive Edge Ross occupies a strong niche in off‑price retail, competing mainly on value and its “treasure hunt” in‑store experience. Its scale, deep vendor relationships, and ability to buy excess branded merchandise at discounts create a meaningful cost and sourcing advantage that is hard for smaller players or pure online retailers to match. However, it faces intense competition from other off‑price chains and from broader retail shifts, so maintaining traffic and fresh assortments remains critical to defending its moat.

Innovation and R&D

Innovation and R&D While Ross is not a traditional tech or R&D story, it has invested meaningfully in behind‑the‑scenes innovation. The company uses advanced inventory, allocation, and forecasting systems—supported by data analytics and emerging AI tools—to optimize buying, distribution, and markdowns. It is cautiously testing in‑store technology and limited omnichannel ideas, focusing on innovations that strengthen its off‑price model rather than chasing complex, costly e‑commerce builds that could dilute margins.

Summary

Overall, Ross looks like a disciplined, cash‑generative retailer with a durable off‑price model and a conservative financial profile. Revenue and earnings have trended upward, the balance sheet is solid with ample liquidity, and cash flow provides room to invest and return capital. Its key strengths lie in sourcing, cost control, and the in‑store experience, while its main risks revolve around competitive pressure, changing shopper habits, and the need to keep its operational and technology edge in a fast‑moving retail landscape.

NEWS

November 24, 2025 · 4:00 PM UTC

Ross Stores Announces Board Chair Succession

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November 20, 2025 · 4:01 PM UTC

Ross Stores Exceeds Third Quarter Earnings Guidance, Raises Full Year Outlook

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November 19, 2025 · 6:15 PM UTC

Ross Stores Announces Quarterly Dividend

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October 13, 2025 · 8:30 AM UTC

ROSS STORES OPENS 40 NEW LOCATIONS

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