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Off-price retailer selling discounted brand-name apparel and home goods through Ross Dress for Less and dd's Discounts stores.
Off-price retailer selling discounted brand-name apparel and home goods through Ross Dress for Less and dd's Discounts stores.
Buys surplus and end-of-season goods from brands and other retailers at a discount, then sells them in simple stores at prices well under department stores, with a rotating mix that keeps inventory moving. It does not sell online. California, Texas and Florida are its largest states.
Moat: narrow (scale, cost advantage). Efficient off-price buying and a low-cost store model support pricing, though at smaller scale than TJX.
Headquarters: Dublin, California, US · Founded: 1982 · Employees: 111,000
Size Ross Stores (ROST) is a United States Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $73.8B, the 182nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $231.09 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against +5.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +7.7%); the operating margin is 12.7% (peer median 18.1%).
Valuation It trades at 27.0× forward earnings against a peer median of 25.1× (3rd most expensive of 6).
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 +13%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.4 points above its cost of capital (8.9% WACC).
Credit Ross Stores has 3 bonds outstanding ($876M), rated A- by the agencies and trading like A+ at a weighted spread of 55 bp.
Short interest Short interest is 3.1% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $24.5B | $22.8B | $21.1B | $20.4B | $18.7B |
| Revenue growth | — | +8% | +4% | +9% | — |
| Gross profit | $7.02B | $6.30B | $5.87B | $5.58B | $4.75B |
| EBITDA | $3.66B | $3.22B | $3.03B | $2.73B | $2.38B |
| Net income | $2.66B | $2.15B | $2.09B | $1.87B | $1.51B |
| Free cash flow | $2.79B | $2.21B | $1.64B | $1.75B | $1.04B |
| Capital expenditure | $870M | $819M | $720M | $763M | $654M |
| Total debt | $4.74B | $5.21B | $5.68B | $5.75B | $5.71B |
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 |
|---|---|---|---|---|---|---|
| Ross Stores ROST | $73.8B | +3% | +14% | 13% | 27.0× | 11.0% |
| TJX Companies TJX | $149B | -11% | +8% | 12% | 25.1× | 3.7% |
| Burlington Stores BURL | $15.5B | -19% | +11% | 8% | 20.5× | 18.2% |
| Macy's M | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% |
| Kohl's KSS | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% |
| Ollie's Bargain Outlet OLLI | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% |
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 | ROST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | +9.9% | 2nd lowest of 6 |
| 6-month return | +2.5% | +5.9% | 3rd lowest of 6 |
| Distance from 52-week high | -10.1% | -12.1% | 3rd highest of 6 |
| Revenue growth (TTM) | +14.0% | +7.7% | 3rd highest of 6 |
| Operating margin | 12.7% | 18.1% | 3rd lowest of 6 |
| Forward P/E | 27.0× | 25.1× | 3rd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 11.0% | 9.0% | 3rd most demanding of 6 |
| Growth delivered (Del g) | +12.7% | +13.2% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | -1.7 pp | +1.0 pp | 2nd least demanding of 6 |
| ROIC minus cost of capital | +25.4 pp | +24.8 pp | 3rd highest of 6 |
| EV / EBITDA | 20.3× | 15.3× | 2nd most expensive of 6 |
| Net debt / EBITDA | 0.1× | 0.9× | 3rd least indebted of 6 |
| Bond spread | 55 bp | 98 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ross Stores ROST | United States | $73.8B | +3% | +14% | 13% | 27.0× | 11.0% | +12.7% |
| TJX Companies TJX | United States | $149B | -11% | +8% | 12% | 25.1× | 3.7% | +13.4% |
| Fast Retailing 9983.T | Japan | $155B | +6% | +17% | 18% | 41.2× | 23.8% | +13.2% |
| H&M Hennes & Mauritz HM-B.ST | Sweden | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% | +4.1% |
| Industria de Diseno Textil ITX.MC | Spain | $206B | +20% | +6% | 20% | 27.3× | 15.3% | +14.3% |
| Tapestry TPR | United States | $26.4B | 0% | +14% | 24% | 15.8× | 9.0% | +6.9% |
Ross Stores has 3 bonds outstanding with $876M face value. The agencies rate it A-; its bonds trade like A+. Weighted yield 5.15%, a spread of 55 bp over government bonds.