R

Ross Stores, Inc.

ROST · CIK 0000745732

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$22.75B7.7%
FY2025
Net income (FY)
$2.15B2.6%
FY2025
Free cash flow (FY)
$2.21B34.9%
FY2025
Diluted EPS (FY)
$6.614.6%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2008 · Revenue $6.49B · Net income $305.4M · 0001206774-11-000627 · filed 2011-03-29FY08Revenue $6.49BNet income $305.4M0001206774-11-000627 · filed 2011-03-29FY2009 · Revenue $7.18B · Net income $442.8M · 0001206774-12-001210 · filed 2012-03-27FY09Revenue $7.18BNet income $442.8M0001206774-12-001210 · filed 2012-03-27FY2010 · Revenue $7.87B · Net income $554.8M · 0000745732-13-000006 · filed 2013-04-02FY10Revenue $7.87BNet income $554.8M0000745732-13-000006 · filed 2013-04-02FY2011 · Revenue $8.61B · Net income $657.2M · 0000745732-14-000006 · filed 2014-04-01FY11Revenue $8.61BNet income $657.2M0000745732-14-000006 · filed 2014-04-01FY2012 · Revenue $9.72B · Net income $786.8M · 0000745732-15-000009 · filed 2015-03-31FY12Revenue $9.72BNet income $786.8M0000745732-15-000009 · filed 2015-03-31FY2013 · Revenue $10.23B · Net income $837.3M · 0000745732-16-000037 · filed 2016-03-29FY13Revenue $10.23BNet income $837.3M0000745732-16-000037 · filed 2016-03-29FY2014 · Revenue $11.04B · Net income $924.7M · 0000745732-17-000009 · filed 2017-03-28FY14Revenue $11.04BNet income $924.7M0000745732-17-000009 · filed 2017-03-28FY2015 · Revenue $11.94B · Net income $1.02B · 0000745732-18-000004 · filed 2018-04-03FY15Revenue $11.94BNet income $1.02B0000745732-18-000004 · filed 2018-04-03FY2016 · Revenue $12.87B · Net income $1.12B · 0000745732-19-000009 · filed 2019-04-02FY16Revenue $12.87BNet income $1.12B0000745732-19-000009 · filed 2019-04-02FY2017 · Revenue $14.13B · Net income $1.36B · 0000745732-20-000016 · filed 2020-03-31FY17Revenue $14.13BNet income $1.36B0000745732-20-000016 · filed 2020-03-31FY2018 · Revenue $14.98B · Net income $1.59B · 0000745732-21-000017 · filed 2021-03-30FY18Revenue $14.98BNet income $1.59B0000745732-21-000017 · filed 2021-03-30FY2019 · Revenue $16.04B · Net income $1.66B · 0000745732-22-000014 · filed 2022-03-29FY19Revenue $16.04BNet income $1.66B0000745732-22-000014 · filed 2022-03-29FY2020 · Revenue $12.53B · Net income $85.4M · 0000745732-23-000013 · filed 2023-03-28FY20Revenue $12.53BNet income $85.4M0000745732-23-000013 · filed 2023-03-28FY2021 · Revenue $18.92B · Net income $1.72B · 0000745732-24-000009 · filed 2024-04-02FY21Revenue $18.92BNet income $1.72B0000745732-24-000009 · filed 2024-04-02FY2022 · Revenue $18.70B · Net income $1.51B · 0000745732-25-000010 · filed 2025-04-01FY22Revenue $18.70BNet income $1.51B0000745732-25-000010 · filed 2025-04-01FY2023 · Revenue $20.38B · Net income $1.87B · 0000745732-26-000006 · filed 2026-03-31FY23Revenue $20.38BNet income $1.87B0000745732-26-000006 · filed 2026-03-31FY2024 · Revenue $21.13B · Net income $2.09B · 0000745732-26-000006 · filed 2026-03-31FY24Revenue $21.13BNet income $2.09B0000745732-26-000006 · filed 2026-03-31FY2025 · Revenue $22.75B · Net income $2.15B · 0000745732-26-000006 · filed 2026-03-31FY25Revenue $22.75BNet income $2.15B0000745732-26-000006 · filed 2026-03-31FY25Revenue $22.75BNet income $2.15B0000745732-26-000006 · filed 2026-03-31FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 3.5× since FY2008 · net margin 4.7% → 9.4%

MarginsNet marginFCF margin
0%5%10%15%FY2008 · Net margin 4.7% · FCF margin 5.5%FY08Net margin 4.7%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 6.2% · FCF margin 10.2%FY09Net margin 6.2%FCF margin 10.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 7.1% · FCF margin 6.0%FY10Net margin 7.1%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.6% · FCF margin 4.7%FY11Net margin 7.6%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 8.1% · FCF margin 5.7%FY12Net margin 8.1%FCF margin 5.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 8.2% · FCF margin 4.6%FY13Net margin 8.2%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 8.4% · FCF margin 6.6%FY14Net margin 8.4%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 8.5% · FCF margin 8.0%FY15Net margin 8.5%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 8.7% · FCF margin 9.8%FY16Net margin 8.7%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.6% · FCF margin 9.3%FY17Net margin 9.6%FCF margin 9.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 10.6% · FCF margin 11.0%FY18Net margin 10.6%FCF margin 11.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 10.4% · FCF margin 10.1%FY19Net margin 10.4%FCF margin 10.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 0.7% · FCF margin 14.7%FY20Net margin 0.7%FCF margin 14.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 9.1% · FCF margin 6.2%FY21Net margin 9.1%FCF margin 6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 8.1% · FCF margin 5.5%FY22Net margin 8.1%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 9.2% · FCF margin 8.6%FY23Net margin 9.2%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.9% · FCF margin 7.7%FY24Net margin 9.9%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.4% · FCF margin 9.7%FY25Net margin 9.4%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.4%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 9.4% · free cash flow 9.7% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2008 · OCF $583.4M · FCF $359.0M · 0001206774-11-000627 · filed 2011-03-29FY08OCF $583.4MFCF $359.0M0001206774-11-000627 · filed 2011-03-29FY2009 · OCF $888.4M · FCF $729.9M · 0001206774-12-001210 · filed 2012-03-27FY09OCF $888.4MFCF $729.9M0001206774-12-001210 · filed 2012-03-27FY2010 · OCF $673.1M · FCF $474.4M · 0000745732-13-000006 · filed 2013-04-02FY10OCF $673.1MFCF $474.4M0000745732-13-000006 · filed 2013-04-02FY2011 · OCF $820.1M · FCF $403.8M · 0000745732-14-000006 · filed 2014-04-01FY11OCF $820.1MFCF $403.8M0000745732-14-000006 · filed 2014-04-01FY2012 · OCF $979.6M · FCF $555.2M · 0000745732-15-000009 · filed 2015-03-31FY12OCF $979.6MFCF $555.2M0000745732-15-000009 · filed 2015-03-31FY2013 · OCF $1.02B · FCF $471.5M · 0000745732-16-000037 · filed 2016-03-29FY13OCF $1.02BFCF $471.5M0000745732-16-000037 · filed 2016-03-29FY2014 · OCF $1.37B · FCF $726.2M · 0000745732-17-000009 · filed 2017-03-28FY14OCF $1.37BFCF $726.2M0000745732-17-000009 · filed 2017-03-28FY2015 · OCF $1.33B · FCF $959.3M · 0000745732-18-000004 · filed 2018-04-03FY15OCF $1.33BFCF $959.3M0000745732-18-000004 · filed 2018-04-03FY2016 · OCF $1.56B · FCF $1.26B · 0000745732-19-000009 · filed 2019-04-02FY16OCF $1.56BFCF $1.26B0000745732-19-000009 · filed 2019-04-02FY2017 · OCF $1.68B · FCF $1.31B · 0000745732-20-000016 · filed 2020-03-31FY17OCF $1.68BFCF $1.31B0000745732-20-000016 · filed 2020-03-31FY2018 · OCF $2.07B · FCF $1.65B · 0000745732-21-000017 · filed 2021-03-30FY18OCF $2.07BFCF $1.65B0000745732-21-000017 · filed 2021-03-30FY2019 · OCF $2.17B · FCF $1.62B · 0000745732-22-000014 · filed 2022-03-29FY19OCF $2.17BFCF $1.62B0000745732-22-000014 · filed 2022-03-29FY2020 · OCF $2.25B · FCF $1.84B · 0000745732-23-000013 · filed 2023-03-28FY20OCF $2.25BFCF $1.84B0000745732-23-000013 · filed 2023-03-28FY2021 · OCF $1.74B · FCF $1.18B · 0000745732-24-000009 · filed 2024-04-02FY21OCF $1.74BFCF $1.18B0000745732-24-000009 · filed 2024-04-02FY2022 · OCF $1.69B · FCF $1.04B · 0000745732-25-000010 · filed 2025-04-01FY22OCF $1.69BFCF $1.04B0000745732-25-000010 · filed 2025-04-01FY2023 · OCF $2.51B · FCF $1.75B · 0000745732-26-000006 · filed 2026-03-31FY23OCF $2.51BFCF $1.75B0000745732-26-000006 · filed 2026-03-31FY2024 · OCF $2.36B · FCF $1.64B · 0000745732-26-000006 · filed 2026-03-31FY24OCF $2.36BFCF $1.64B0000745732-26-000006 · filed 2026-03-31FY2025 · OCF $3.03B · FCF $2.21B · 0000745732-26-000006 · filed 2026-03-31FY25OCF $3.03BFCF $2.21B0000745732-26-000006 · filed 2026-03-31FY25OCF $3.03BFCF $2.21B0000745732-26-000006 · filed 2026-03-31’09’13’17’21’25

FY2025: $3.03B operating cash − $819.3M capex = $2.21B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2009 · ROE 38.3% · ROA 16.0%FY09ROE 38.3%ROA 16.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 41.6% · ROA 17.8%FY10ROE 41.6%ROA 17.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 44.0% · ROA 19.9%FY11ROE 44.0%ROA 19.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 44.5% · ROA 21.4%FY12ROE 44.5%ROA 21.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 41.7% · ROA 21.5%FY13ROE 41.7%ROA 21.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 40.6% · ROA 19.7%FY14ROE 40.6%ROA 19.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 41.3% · ROA 21.0%FY15ROE 41.3%ROA 21.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 40.7% · ROA 21.1%FY16ROE 40.7%ROA 21.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 44.7% · ROA 23.8%FY17ROE 44.7%ROA 23.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 48.0% · ROA 26.1%FY18ROE 48.0%ROA 26.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 49.4% · ROA 17.8%FY19ROE 49.4%ROA 17.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 2.6% · ROA 0.7%FY20ROE 2.6%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 42.4% · ROA 12.6%FY21ROE 42.4%ROA 12.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 35.3% · ROA 11.3%FY22ROE 35.3%ROA 11.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 38.5% · ROA 13.1%FY23ROE 38.5%ROA 13.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 37.9% · ROA 14.0%FY24ROE 37.9%ROA 14.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 34.7% · ROA 13.8%FY25ROE 34.7%ROA 13.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 34.7%ROA 13.8%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 38% (FY2009) → 35% (FY2025) · on assets 13.8%

The receipts