公司概述
Ross Stores, Inc. operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands across the United States, offering designer apparel, accessories, footwear, and home fashion products for the entire family. The company functions within the Consumer Cyclical sector and the Apparel Retail industry, positioning itself to capture price-sensitive consumers seeking brand-name goods at discounted rates. With a market capitalization of $71.15B, annual revenue of $22.75B, and an employee count of 111000, Ross Stores represents a significant entity in the retail landscape. These valuation and revenue figures indicate that the company possesses substantial market reach and operational scale, allowing it to maintain extensive inventory levels and negotiate favorable terms with vendors while sustaining a large workforce.
财务健康
The company reported revenue of $22.75B and net income of $2.15B over the trailing twelve months, with an EBITDA of $3.22B, highlighting a significant gap between top-line sales and bottom-line profit that reflects the substantial cost structure inherent in retail operations including inventory procurement, logistics, and store-level expenses. Free cash flow stands at $1.64B, which provides the company with considerable financial flexibility to manage capital expenditures, service debt obligations, or pursue strategic acquisitions without relying heavily on external financing. Gross margin is recorded at 32.6%, indicating the portion of revenue remaining after direct costs, while operating margin sits at 12.3% to show profitability before interest and taxes, and profit margin reaches 9.4% to reflect final earnings after all expenses. The balance sheet shows cash of $4.59B against total debt of $5.21B, resulting in a debt-to-equity ratio of 84.24, suggesting a leveraged position where debt obligations are nearly equal to equity capitalization. A current ratio of 1.58 indicates that current assets exceed current liabilities by a comfortable margin, signaling robust short-term liquidity and the ability to meet immediate financial obligations. Return on Equity is 36.7% and Return on Assets is 11.1%, metrics that reveal highly effective management in generating returns relative to shareholder equity and total asset base respectively.
估值评估
The trailing P/E ratio is 33.33 while the forward P/E is 27.20, implying that the market expects earnings growth in the future to compress the valuation multiple as the forward estimate suggests a lower multiple compared to the current trailing earnings. The price-to-book ratio stands at 11.46, indicating that the market values the company at a significant premium over its net book value, reflecting expectations of future growth and brand intangibles not captured on the balance sheet. Alternative valuation metrics such as a price-to-sales ratio of 3.13 and an EV/EBITDA of 22.24 suggest that investors are willing to pay a high multiple for revenue and earnings power, consistent with a high-growth or high-margin retail profile. The 52-week high is $222.03 and the 52-week low is $124.36, meaning the current trading price sits within this historical range, though specific current price is not listed to calculate the exact percentage deviation from these bounds. The beta value of 0.93 indicates that the stock's price volatility is slightly lower than the broader market, suggesting a relatively stable price action compared to high-beta technology or small-cap stocks.
Growth & Income
Revenue growth year-over-year is 12.2% and earnings growth year-over-year is 11.8%, indicating that earnings are growing at a pace nearly identical to revenue, which implies that operational leverage is being utilized efficiently to expand profit margins as sales increase. The company offers a dividend yield of 0.8% with a payout ratio of 24.5%, a low payout ratio that suggests the dividend is highly sustainable given the strong earnings base and leaves ample room for reinvestment. Given the payout ratio of 24.5%, the company retains the majority of its earnings, which supports continued organic growth and expansion of its off-price store footprint rather than focusing solely on shareholder distributions. The overall growth and income profile combines double-digit revenue expansion with a conservative dividend policy, positioning Ross Stores as a company that balances income generation with capital allocation for future operational scaling.