Ross Stores (ROST) FY2025 10-K Annual Report

Filed: Apr 1, 2025
Consumer Discretionary
Retail-Family Clothing StoresSEC EDGAR

Ross Stores (ROST) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Apr 1, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Ross Stores FY2025 10-K Analysis

Business Overview

  • Core business model: Off-price apparel and home fashion retail with 2,186 stores in 39 states/territories as of Feb 2025, up from 2,109 stores in Feb 2024
  • Store expansion in FY25: Net increase of 77 stores, notable growth in Michigan (+8), Minnesota (+3), and New York (+3)
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Management Discussion & Analysis

  • Revenue $21.13B, up 3.7% YoY with $752.3M increase driven by 3% comparable store sales and 77 net new stores
  • Operating margin 12.2% vs 11.3%; net margin 9.9% vs 9.2% led by lower COGS and SG&A as % of sales
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Risk Factors

  • Cybersecurity risk oversight by Audit Committee with quarterly reports including incident response and recovery protocols
  • CIO and CISO lead cybersecurity risk mitigation with expertise in retail and decades of experience
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Ross Stores FY2025 Key Financial Metrics
XBRL

Revenue

$21.1B

+3.7% YoY

Net Income

$2.1B

+11.5% YoY

Operating Margin

12.2%

+91bp YoY

Net Margin

9.9%

+70bp YoY

ROE

37.9%

-53bp YoY

Total Assets

$14.9B

+4.2% YoY

EPS (Diluted)

$6.32

+13.7% YoY

Operating Cash Flow

$2.4B

-6.3% YoY

Source: XBRL data from Ross Stores FY2025 10-K filing on SEC EDGAR. All figures in USD.

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