Ross Stores, founded in 1982, is a US-focused off-price apparel and home fashion retailer operating more than 2,100 stores across 43 states, primarily under the Ross Dress for Less banner, with a smaller footprint through dd's Discounts. In fiscal 2025, the company generated over $22 billion in sales.
It is a $71.0B consumer company. Revenue shrank 3.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~0.1 years of free cash flow. It trades at 26.7× earnings — in the most expensive third of its own history.
- Website
- rossstores.com
- Location
- Dublin, CA
- Employees
- 111 000
- Sector
- Consumer Cyclical
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and health; Growth lags behind.
Valuation57
- P/E vs own history67th pct · 5/25
- FCF yield7.5% · 20/25
- P/S2.9x · 20/25
- EV/EBITDA17.3x · 12/25
Growth29
- Revenue CAGR5.0% · 12/25
- Net income CAGR9.1% · 12/25
- EPS CAGR ~5Y-8.6% · 0/25
- Fwd implied growth0.2% · 5/25
Profitability82
- ROIC29.9% · 25/25
- ROE42.3% · 25/25
- Net margin10.9% · 20/25
- Operating margin13.8% · 12/25
Health88
- Altman Z6.41 · 25/25
- Current ratio1.61 · 18/25
- Interest coverage700.3x · 25/25
- Net cash / debtD/A 3% · 20/25
Quality60
- Piotroski F4/9 · 10/25
- Beneish M-4.60 · 25/25
- FCF conversion103% · 25/25
- Margin stabilityσ 21727.0% · 0/25
Moat56
- ROIC >12% years10/12 yrs · 20/25
- Median gross margin28.3% · 6/25
- FCF-positive years12/12 yrs · 25/25
- Worst-year net marginworst -2.4% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$5.80B net income
- FY2024FinancialRevenue crossed $50B$51.3B for the year
- 2024MilestoneIt is the 2nd largest off-price retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 U.S
- FY2016FinancialFirst recorded profitable year$2.80B net income
- FY2016FinancialRevenue already above $10B$31.6B in first reported year
- FY2016FinancialPositive free cash flow every year since12-year streak
- Aug 8, 1985IPORoss Stores, Inc. became a public company via an initial public offering, at an initial price of…
- 1982AcquisitionA group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchased…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Could repay net debt from ~0.2 years of free cash flow
- Interest covered 700.3× by operating earnings
- High returns on invested capital (ROIC 29.9%)
- Altman Z-Score 6.41 — low bankruptcy-risk zone
Watch-outs
- Revenue shrinking 3.8% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-3.8% YoY
- Profitable — makes more than it spends$5.80B TTM
- Profit growing — earnings are higher than last year+14.7% YoY
- Generates cash — cash left after running and investing$5.34B TTM
- Debt under control — could handle its obligations~0.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$71.0B market cap
- Not printing shares — share count not ballooning — you keep your slice-7.4% shares over ~5y
- Proven track record — years of profitability behind it11/12 profitable years
- Financially stable — balance sheet not near distressAltman Z 6.4 — safe
- Pays a dividend — returns cash to shareholdersyield 0.77%
- Valuation not extreme — price not wildly above earningsP/E 26.7
Peer comparisonRoss Stores Inc vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ROST this company | $71.0B | 26.7 | -3.8% | 10.9% | Strong |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: ROST vs AMZN · ROST vs TSLA · ROST vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2027. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ROST
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Deeper analysis of ROST on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $222.27 · market cap $71.0B.