Ross Stores (ROST) stock

Consumer Discretionary · Apparel Retail

$229.30
-$7.37 -3.11%
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Ross Stores (ROST) is an Apparel Retail company in the Consumer Discretionary sector, headquartered in Dublin, California. As of October 23, 2026, ROST closed at $229.30, a market capitalization of $73.56 billion, the 175th largest company in the S&P 500. Over the last twelve months it generated $24.51 billion in revenue (+13% year over year) and $2.79 billion in free cash flow. The stock trades at 27.7x trailing earnings and 25.5x forward earnings.

  • 1-year total return: +47.6% (dividends reinvested)
  • 5-year return: +17.0% a year
  • 52-week range: $157.39 – $257.00
  • Gross margin 33.4%, operating margin 13.6%
  • Dividend yield: 0.78%, 4 straight years of increases
  • FI Handbook report card: C+ across 10 metrics
  • 14th largest of 47 Consumer Discretionary stocks in the S&P 500

ROST price chart

1Y price change: +46.4% (price only; total returns below include dividends)

$150.00
$200.00
$250.00
Nov2026MarMayJulSep
ROST total returns
Total return1MYTD1Y3Y5Y10YMAX
ROST-2.0%+28.1%+47.6%+27.3%+17.0%+14.8%+16.6%

Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1985.

ROST key statistics

Market cap
$73.6B
#175 in S&P 500
P/E (TTM)
27.7x
Forward P/E
25.5x
EPS (TTM)
$8.27
Revenue (TTM)
$24.5B
+13%
Free cash flow
$2.8B
Gross margin
33.4%
Operating margin
13.6%
Return on equity
42.6%
Dividend yield
0.78%
52-week range
$157.39 – $257.00
Beta
0.84
Price / sales
3.0x
EV / EBITDA
20.2x
Debt / equity
0.70x
Employees
111,000

ROST report card

C+

Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.

  • Revenue growth13.3%B
  • Gross margin33.4%C
  • Operating margin13.6%C
  • FCF margin11.4%C
  • Return on equity42.6%A
  • Net debt / EBITDA0.1xB
  • Forward P/E25.5xC
  • PEG ratio2.5xD
  • Shareholder yield2.2%C
  • Share count change / yr-1.8%B

Ross Stores financials

Revenue went from $12.9B in fiscal 2017 to $22.8B in fiscal 2026, growing 6.5% a year.

FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Ross Stores annual financial results
Fiscal year2017201820192020202120222023202420252026
Revenue$12.9B$14.1B$15.0B$16.0B$12.5B$18.9B$18.7B$20.4B$21.1B$22.8B
Gross profit$3.7B$4.1B$4.3B$4.5B$2.7B$5.2B$4.7B$5.6B$5.9B$6.3B
Operating income——————$2.0B$2.3B$2.6B$2.7B
Net income$1.1B$1.4B$1.6B$1.7B$85.4M$1.7B$1.5B$1.9B$2.1B$2.1B
EPS (diluted)$2.83$3.55$4.26$4.60$0.24$4.87$4.38$5.56$6.32$6.61
Free cash flow$1.3B$1.3B$1.7B$1.6B$1.8B$1.2B$1.0B$1.8B$1.6B$2.2B
Buybacks$700.0M$875.0M$1.1B$1.3B$132.5M$650.0M$950.0M$950.0M$1.0B$1.1B
Dividends paid$214.6M$247.5M$337.2M$369.8M$101.4M$405.1M$431.3M$454.8M$488.7M$528.1M
Diluted shares395.0M384.3M372.7M361.2M354.6M353.7M345.2M337.4M331.0M324.4M

Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.

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What's priced into ROST?

A reverse DCF asks what growth the current price requires. With an enterprise value of $74.0B and $2.8B of trailing free cash flow, Ross Stores needs to grow free cash flow about 17.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 3.7% a year over the last five years.

P/E ratio history

Current 34.7x vs. median 23.0x (10th–90th percentile 17.3x–32.5x).

0x
200x
400x
20122014201620182020202220242026

A model, not a forecast or advice. Small changes in assumptions move the answer a lot.

ROST dividend

Dividend yield
0.78%
Annual dividend
$1.78
Years of increases
4
5-yr dividend growth
41.6%
per year
Payout ratio
21%
Payments per year
4
201120122013201420152016201720182019202020212022202320242025

Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.

ROST analyst price targets

18 analysts' average 12-month target is $268.00 (+17% vs. $229.30). Targets range from $187.00 to $310.00. 70% rate it a buy.

ROST earnings

Next report: November 19, 2026. Ross Stores has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $6.3B (+13% year over year).

Report dateEPS estimateEPS actualSurprise
Aug 20, 2026$1.95$2.66+36.7%
May 21, 2026$1.73$2.02+16.7%
Mar 3, 2026$1.90$2.00+5.1%
Nov 20, 2025$1.42$1.58+11.4%
Aug 21, 2025$1.54$1.56+1.4%
May 22, 2025$1.43$1.47+2.5%
Mar 4, 2025$1.66$1.65-0.4%
Nov 21, 2024$1.40$1.48+5.6%

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ROST news

ROST stock FAQ

What is ROST's market cap?

Ross Stores's market capitalization is $73.56 billion as of October 23, 2026, ranking 175th in the S&P 500.

What is ROST's P/E ratio?

ROST trades at a trailing price-to-earnings ratio of 27.7x and a forward P/E of 25.5x. Its median P/E over the period we track is 23.0x.

Does ROST pay a dividend?

Yes. Ross Stores pays $1.78 per share a year, a 0.78% yield. It has raised its dividend 4 years in a row. Dividends grew 41.6% a year over the last five years.

How much has ROST stock returned?

Including reinvested dividends, ROST returned +47.6% over one year, +17.0% a year over five years, +14.8% a year over ten years through October 23, 2026.

Is ROST stock overvalued?

At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Ross Stores must grow free cash flow about 18% a year for the next decade. Its free cash flow grew 4% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.

What is the ROST price target?

18 analysts cover ROST with an average 12-month price target of $268.00, +17% from the current price. 70% of them rate it a buy.

When does ROST report earnings?

Ross Stores is expected to report earnings on November 19, 2026. It has beaten EPS estimates 6 quarters in a row.

How many employees does Ross Stores have?

Ross Stores has about 111,000 full-time employees, or $220,827 of revenue per employee.

Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology