Ross Stores, Inc. and its subsidiaries ( we , our , or the Company ) operate two brands of off-price retail apparel and home fashion stores Ross Dress for Less ( Ross ) and dd s DISCOUNTS . Ross is the largest off-price apparel and home fashion chain in the United States, with 1,904 locations in 44 states, the District of Columbia, Guam, and Puerto Rico as of January 31, 2026.
11.90% operating margin is respectable but not wide. ROIC at 17.80%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.7%, steady but not accelerating.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$23.78B
▲ +7.7% YoY
Net Income (TTM)
$2.32B
▲ +2.6% YoY
Op. Margin
12.22%
▼ -0.3pp YoY
ROIC
19.70%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.63B
▲ +34.9% YoY
Op. Cash Flow (TTM)
$3.45B
▲ +28.4% YoY
Net Debt
$592M
Cash & Equiv.
$4.13B
5Y CAGR: +12.7%
5Y CAGR: +3.7%
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