Ross Stores (ROST) financial statements

Consumer Cyclical · Apparel Retail · Market cap $72.2B

Ross Stores reported revenue of $22.8B in fiscal 2026, up 6.5% a year over 9 years.

Net income was $2.1B and the operating margin 11.9%, against 13.9% in 2017.

Free cash flow was $2.2B, and the company returned $528M in dividends and $1.1B in net buybacks.

The diluted share count fell 18% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

01020302017201820192020202120222023202420252026RevenueFree cash flow
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Income statement

Fiscal years, from Ross Stores's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Revenue$12.9B$14.1B$15.0B$16.0B$12.5B$18.9B$18.7B$20.4B$21.1B$22.8B
Cost of revenue$9.2B$10.0B$10.7B$11.5B$9.8B$13.7B$13.9B$14.8B$15.3B$16.4B
Gross profit$3.7B$4.1B$4.3B$4.5B$2.7B$5.2B$4.7B$5.6B$5.9B$6.3B
Selling, general and admin$1.9B$2.0B$2.2B$2.4B$2.5B$2.9B$2.8B$3.3B$3.3B$3.6B
Operating income$1.8B$2.0B$2.1B$2.2B$106M$2.3B$2.0B$2.3B$2.6B$2.7B
Interest expense$19M$19M$18M$13M——————
Pre-tax income$1.8B$2.0B$2.1B$2.2B$106M$2.3B$2.0B$2.5B$2.8B$2.8B
Income tax$669M$678M$463M$503M$21M$536M$475M$597M$666M$697M
Net income$1.1B$1.4B$1.6B$1.7B$85M$1.7B$1.5B$1.9B$2.1B$2.1B
EPS (diluted)$2.83$3.55$4.26$4.60$0.24$4.87$4.38$5.56$6.32$6.61
Diluted shares395M384M373M361M355M354M345M337M331M324M
Gross margin28.7%29.0%28.4%28.1%21.5%27.5%25.4%27.4%27.8%27.7%
Operating margin13.9%14.4%13.7%13.5%0.8%11.9%10.6%11.3%12.2%11.9%
Net margin8.7%9.6%10.6%10.4%0.7%9.1%8.1%9.2%9.9%9.4%

Balance sheet

Fiscal years, from Ross Stores's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Cash and short-term investments$1.1B$1.3B$1.4B$1.4B$4.8B$4.9B$4.6B$4.9B$4.7B$4.6B
Receivables$75M$88M$97M$102M$115M$119M$146M$131M$144M$181M
Inventory$1.5B$1.6B$1.8B$1.8B$1.5B$2.3B$2.0B$2.2B$2.4B$2.6B
Total current assets$2.8B$3.2B$3.4B$3.4B$6.7B$7.5B$6.9B$7.4B$7.5B$7.6B
Property, plant and equipment$2.3B$2.4B$2.5B$2.7B$2.7B$2.9B$3.2B$3.5B$3.8B$4.1B
Total assets$5.3B$5.7B$6.1B$9.3B$12.7B$13.6B$13.4B$14.3B$14.9B$15.5B
Total current liabilities$1.8B$1.9B$2.0B$2.7B$4.0B$4.2B$3.6B$4.2B$4.7B$4.8B
Long-term debt$396M$312M$312M$313M$2.4B$2.5B$2.5B$2.2B$1.5B$1.0B
Total liabilities$2.6B$2.7B$2.8B$6.0B$9.4B$9.6B$9.1B$9.4B$9.4B$9.4B
Shareholders' equity$2.7B$3.0B$3.3B$3.4B$3.3B$4.1B$4.3B$4.9B$5.5B$6.2B
Net debt-$715M-$893M-$1.1B-$1.0B-$2.3B-$2.5B-$2.1B-$2.4B-$2.5B-$3.1B

Cash flow

Fiscal years, from Ross Stores's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Operating cash flow$1.6B$1.7B$2.1B$2.2B$2.2B$1.7B$1.7B$2.5B$2.4B$3.0B
Capital spending$298M$371M$414M$555M$405M$558M$654M$763M$720M$819M
Free cash flow$1.3B$1.3B$1.7B$1.6B$1.8B$1.2B$1.0B$1.8B$1.6B$2.2B
Stock-based compensation$75M$87M$96M$95M$102M$134M$122M$145M$156M$175M
Dividends paid$215M$248M$337M$370M$101M$405M$431M$455M$489M$528M
Share buybacks (net)-$700M-$875M-$1.1B-$1.3B-$132M-$650M-$950M-$950M-$1.0B-$1.1B
Net borrowing$0$0-$85M$0$2.2B-$65M$0$0-$250M-$700M
Free cash flow margin9.8%9.3%11.0%10.1%14.7%6.2%5.5%8.6%7.7%9.7%
Dividends per share$0.54$0.64$0.90$1.02$0.29$1.15$1.25$1.35$1.48$1.63
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Questions

What was Ross Stores's revenue in 2026?

$22.8B in fiscal 2026, from its 10-K filing.

How much free cash flow does Ross Stores generate?

$2.2B in fiscal 2026 (operating cash flow minus capital spending).

From Ross Stores's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.