Is the business good?
How good a business is ROST?
Ross Stores earns 77% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
77%
Return on invested capital · cost of capital 9.0% · 68 points above what the capital costs: growth creates value
- Operating margin
- 14%
Operating margin · Apparel Retail median 12% · 12 months to Q2 2026
- Cash conversion
- 1.05×
Cash conversion · 0.81× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −1.7%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 0.85% |
| FY2021 | 12% |
| FY2022 | 11% |
| FY2023 | 11% |
| FY2024 | 12% |
| FY2025 | 12% |
Details›
- Gross margin12 months to Q2 2026
- 30%
- Operating margin12 months to Q2 2026
- 14%
- Net margin12 months to Q2 2026
- 11%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $24.5B
- Free cash flow, trailing twelve months
- $2.79B
- Net income, trailing twelve months
- $2.66B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 77%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Apparel Retail
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