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Sells luxury home furnishings through membership-based galleries, catalogs and e-commerce, expanding into hospitality.
Sells luxury home furnishings through membership-based galleries, catalogs and e-commerce, expanding into hospitality.
Sells at full price list in large design galleries and catalogues, and offers members a standing discount for an annual fee, which brings cash in early and builds a loyal base. It designs its own line and has suppliers make it, mostly abroad, and uses ever-larger galleries and hospitality venues as showpieces.
Moat: narrow (brand). Elevated gallery format and design positioning differentiate it from mass-market furniture retailers.
Headquarters: Corte Madera, California, US · Founded: 1979 · Employees: 7,230
Size RH (RH) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $2.48B, the 1657th largest of 3,117 United States companies the cockpit tracks. Shares closed at $130.96 on 6 Nov 2026.
Performance Over six months the shares fell 2.2%, against +2.0% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 3.4% over the last twelve months (peer median +10.8%); the operating margin is 10.4% (peer median 8.4%).
Valuation It trades at 20.2× forward earnings against a peer median of 16.5× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points below its cost of capital (8.8% WACC).
Short interest Short interest is 28.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.45B | $3.44B | $3.18B | $3.03B | $3.59B |
| Revenue growth | — | +8% | +5% | -16% | — |
| Gross profit | $1.53B | $1.52B | $1.41B | $1.39B | $1.81B |
| EBITDA | $516M | $537M | $498M | $482M | $930M |
| Net income | $112M | $125M | $72.4M | $128M | $529M |
| Free cash flow | $251M | $252M | -$214M | -$67.1M | $230M |
| Capital expenditure | $175M | $203M | $231M | $269M | $174M |
| Total debt | $4.11B | $3.97B | $3.94B | $3.72B | $3.75B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| RH RH | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% |
| Williams-Sonoma WSM | $29.9B | +40% | +2% | 19% | 25.6× | 15.4% |
| Arhaus ARHS | $2.01B | +118% | +5% | 7% | 26.2× | 28.4% |
| Ethan Allen Interiors ETD | $506M | -2% | -6% | 8% | 16.4× | 3.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.2% | +9.5% | 4th highest of 21 |
| 6-month return | -2.2% | +2.0% | 10th lowest of 20 |
| Distance from 52-week high | -45.3% | -20.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +3.4% | +10.8% | 10th lowest of 21 |
| Operating margin | 10.4% | 8.4% | 7th highest of 21 |
| Forward P/E | 20.2× | 16.5× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 11.4% | 4.0% | 5th most demanding of 17 |
| Growth delivered (Del g) | +3.8% | +8.0% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | +7.6 pp | -4.4 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | -1.9 pp | +3.0 pp | 5th lowest of 21 |
| EV / EBITDA | 12.5× | 10.5× | 3rd most expensive of 17 |
| Net debt / EBITDA | 7.7× | 1.7× | most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |