Ross Stores Inc
NASDAQ: ROST · CONSUMER CYCLICAL · APPAREL RETAIL
Updated 2026-06-05
Ross Stores Inc (ROST) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.57B | $5.98B | $6.49B | $7.18B | $7.87B | $8.61B | $9.72B | $10.23B | $11.04B | $11.94B | $12.87B | $14.13B | $14.98B | $16.04B | $12.53B | $18.92B | $18.70B | $20.38B | $21.13B | $22.75B |
| Revenue growth (YoY) | — | +7.3% | +8.6% | +10.8% | +9.5% | +9.4% | +12.9% | +5.2% | +7.9% | +8.1% | +7.8% | +9.9% | +6.0% | +7.0% | -21.9% | +50.9% | -1.2% | +9.0% | +3.7% | +7.7% |
| Cost of revenue | $4.32B | $4.62B | $4.96B | $5.33B | $5.73B | $6.24B | $7.01B | $7.36B | $7.94B | $8.58B | $9.17B | $10.04B | $10.73B | $11.54B | $9.84B | $13.71B | $13.95B | $14.80B | $15.26B | $16.39B |
| Gross profit | $1.25B | $1.36B | $1.53B | $1.86B | $2.14B | $2.37B | $2.71B | $2.87B | $3.10B | $3.36B | $3.69B | $4.09B | $4.26B | $4.50B | $2.69B | $5.21B | $4.75B | $5.58B | $5.87B | $6.36B |
| Gross margin | 22.5% | 22.7% | 23.6% | 25.8% | 27.2% | 27.5% | 27.9% | 28.0% | 28.1% | 28.2% | 28.7% | 29.0% | 28.4% | 28.1% | 21.5% | 27.5% | 25.4% | 27.4% | 27.8% | 27.9% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $863.00M | $936.00M | $1.03B | $1.13B | $1.23B | $1.30B | $1.37B | $1.46B | $1.54B | $1.66B | $1.82B | $1.97B | $2.14B | $2.28B | $2.46B | $2.81B | $2.69B | $3.27B | $3.28B | $3.60B |
| Operating income | $389.65M | $421.09M | $495.21M | $726.12M | $906.59M | $1.06B | $1.27B | $1.34B | $1.49B | $1.62B | $1.80B | $2.05B | $2.04B | $2.15B | $429.66M | $2.33B | $1.99B | $2.31B | $2.59B | $2.71B |
| Operating margin | 7.0% | 7.0% | 7.6% | 10.1% | 11.5% | 12.4% | 13.1% | 13.1% | 13.5% | 13.6% | 14.0% | 14.5% | 13.6% | 13.4% | 3.4% | 12.3% | 10.6% | 11.3% | 12.2% | 11.9% |
| EBITDA | $509.29M | $555.59M | $645.51M | $886.97M | $1.07B | $1.22B | $1.46B | $1.55B | $1.72B | $1.90B | $2.11B | $2.37B | $2.40B | $2.52B | $558.61M | $2.69B | $2.46B | $2.97B | $3.27B | $3.58B |
| EBITDA margin | 9.1% | 9.3% | 10.0% | 12.3% | 13.6% | 14.2% | 15.0% | 15.1% | 15.6% | 15.9% | 16.4% | 16.8% | 16.0% | 15.7% | 4.5% | 14.2% | 13.2% | 14.6% | 15.5% | 15.8% |
| EBIT | $401.15M | $432.79M | $503.71M | $727.92M | $907.69M | $1.06B | $1.27B | $1.34B | $1.49B | $1.63B | $1.81B | $2.06B | $2.07B | $2.17B | $194.36M | $2.33B | $2.07B | $2.55B | $2.82B | $2.71B |
| Interest expense | $2.87M | $9.77M | $8.34M | $9.39M | $10.67M | $11.02M | $7.51M | $299999.00 | $3.40M | $13.29M | $19.57M | $18.85M | $16.41M | $9.74M | $88.06M | $75.16M | $80.55M | $74.09M | $63.39M | $32.90M |
| Income tax | $156.64M | $164.07M | $189.92M | $275.77M | $342.22M | $395.97M | $478.08M | $506.01M | $560.64M | $591.10M | $668.50M | $677.97M | $463.42M | $503.36M | $20.91M | $535.95M | $475.45M | $597.26M | $666.42M | — |
| Effective tax rate | 39.3% | 38.6% | 38.3% | 38.4% | 38.2% | 37.6% | 37.8% | 37.7% | 37.7% | 36.7% | 37.4% | 33.2% | 22.6% | 23.3% | 19.7% | 23.7% | 23.9% | 24.2% | 24.2% | 0.0% |
| Net income | $241.63M | $261.05M | $305.44M | $442.76M | $554.80M | $657.17M | $786.76M | $837.30M | $924.72M | $1.02B | $1.12B | $1.36B | $1.59B | $1.66B | $85.38M | $1.72B | $1.51B | $1.87B | $2.09B | $2.15B |
| Net income growth (YoY) | — | +8.0% | +17.0% | +45.0% | +25.3% | +18.5% | +19.7% | +6.4% | +10.4% | +10.4% | +9.5% | +21.9% | +16.5% | +4.6% | -94.9% | +1917.5% | -12.2% | +24.0% | +11.5% | +2.6% |
| Profit margin | 4.3% | 4.4% | 4.7% | 6.2% | 7.1% | 7.6% | 8.1% | 8.2% | 8.4% | 8.5% | 8.7% | 9.6% | 10.6% | 10.4% | 0.7% | 9.1% | 8.1% | 9.2% | 9.9% | 9.4% |
Frequently asked questions
What is Ross Stores Inc's revenue?
Ross Stores Inc's trailing twelve-month revenue is $23.78B, and consensus projects about $31.60B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ROST?
In its most recent fiscal year, ROST ran a gross margin of 27.95%, an operating margin of 11.90%, and a net margin of 9.43%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ROST generate?
ROST produced $2.21B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ROST's balance sheet healthy?
ROST holds $4.59B in cash and equivalents against $1.02B in long-term debt, on $6.19B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.