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Restoration Hardware RH Waterworks — Operating Income

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Other financials

Income statement

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Revenue$800.3M-1.7%
Gross profit$331.3M-6.8%
Operating income$34.2M-38.8%
Net income-$13.7M-270%
EPS (diluted)-$0.73-283%

Balance sheet

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Cash & equivalents$53.8M+16.7%
Total debt$1.6B+18.6%
Total equity$56.9M+151%
Total assets$4.9B+6.4%

Cash flow

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Operating cash flow$52.5M-39.4%
CapEx$39.2M-25.4%
Free cash flow$13.3M-61.0%

Valuation

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Market cap$2.68B-28.0%
Enterprise value$4.24B-15.1%
P/E26×-18.3×
P/S0.8×-0.4×

Profitability

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Gross margin43.5%-1.0pp
Operating margin10.7%+0.8pp
Net margin3%+0.4pp
FCF margin6.8%+4.7pp

Returns & leverage

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Return on equity33.9%-44.4pp
Debt / equity28.4×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Restoration Hardware in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Restoration Hardware’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Restoration Hardware's waterworks — operating income?
Restoration Hardware (RH) reported waterworks — operating income of $3.62M in Q1 2026.
How has Restoration Hardware's waterworks — operating income changed year-over-year?
Restoration Hardware's waterworks — operating income decreased by 31.9% year-over-year, from $5.31M to $3.62M.
What is the long-term trend for Restoration Hardware's waterworks — operating income?
Over 4 years (2021 to 2025), Restoration Hardware's waterworks — operating income has grown at a 5.4% compound annual growth rate (CAGR), from $17.75M to $21.94M.
What does waterworks — operating income mean?
The profit or loss generated by the segment after deducting operating expenses from total revenue. It measures the core operational profitability of the business unit before interest, taxes, and corporate-level allocations.