ROSTMEDIUM SIGNALFINANCIAL10-K

Ross Stores demonstrated strong financial performance with significant debt reduction and substantial growth in cash generation while expanding its store footprint.

The company reduced total debt by 31.5% while increasing stockholders' equity by 12.3%, indicating improved financial health and stronger balance sheet management. The 28.4% increase in operating cash flow suggests robust underlying business performance and enhanced cash generation capabilities.

Comparing 2026-03-31 vs 2025-04-01View on EDGAR →
FINANCIAL ANALYSIS

Ross Stores showed impressive financial strengthening across key metrics, with total debt declining significantly from $2.2B to $1.5B while stockholders' equity grew from $5.5B to $6.2B. Operating cash flow surged 28.4% from $2.4B to $3.0B, demonstrating the company's ability to generate substantially more cash from operations. This combination of deleveraging, equity growth, and enhanced cash generation signals a company with improving financial flexibility and operational efficiency.

FINANCIAL STATEMENT CHANGES
Total Debt
Balance Sheet
-31.5%
$2.2B→$1.5B

Debt reduced 31.5% — deleveraging strengthens balance sheet and reduces financial risk.

Operating Cash Flow
Cash Flow
+28.4%
$2.4B→$3.0B

Operating cash flow grew 28.4% — strong conversion of earnings to cash, healthy business fundamentals.

Stockholders Equity
Balance Sheet
+12.3%
$5.5B→$6.2B

Equity base grew 12.3% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-31
PRIOR — 2025-04-01
ADDED
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.
We also operate 363 dd s DISCOUNTS stores in 22 states as of January 31, 2026.
Our fiscal years ended January 31, 2026, February 1, 2025, and February 3, 2024 are referred to as fiscal 2025, fiscal 2024, and fiscal 2023, respectively.
Merchandising, Purchasing, and Pricing We seek to provide our customers with a wide assortment of brand name merchandise that is on trend and fashionable at compelling discounts.
We believe merchandise with nationally recognized brand names and labels sold at compelling discounts will continue to be an important determinant of our success.
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REMOVED
Exhibits and Financial Statement Schedules 59 Signatures 60 Index to Exhibits 62 2 PART I ITEM 1.
Ross is the largest off-price apparel and home fashion chain in the United States, with 1,831 locations in 43 states, the District of Columbia, and Guam, as of February 1, 2025.
We also operate 355 dd s DISCOUNTS stores in 22 states as of February 1, 2025.
Our fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023 are referred to as fiscal 2024, fiscal 2023, and fiscal 2022, respectively.
Merchandising, Purchasing, and Pricing We seek to provide our customers with a wide assortment of first-quality, in-season, brand name and designer apparel, accessories, footwear, and home merchandise for the entire family at savings of 20% to 60% below department and specialty store regular prices every day at Ross, and 20% to 70% below moderate department and discount store regular prices at dd s DISCOUNTS.
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