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Ross Stores ROST Leasehold improvements

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Other financials

Income statement

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Revenue$6.0B+20.6%
Gross profit$1.8B+26.8%
Operating income$804.0M+32.6%
Net income$650.0M+35.6%
EPS (diluted)$2.02+37.4%

Balance sheet

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Cash & equivalents$4.2B+9.1%
Total debt$4.7B-5.8%
Total equity$6.3B+13.1%
Total assets$15.6B+8.7%

Cash flow

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Operating cash flow$836.0M+104%
CapEx$209.0M+0.8%
Free cash flow$627.1M+210%

Valuation

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Market cap$81.87B+70.9%
Enterprise value$82.4B+67.9%
P/E35.4×+12.3×
P/S3.4×+1.2×

Profitability

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Gross margin28.1%+0.3pp
Operating margin12.2%0.0pp
Net margin9.7%-0.1pp
FCF margin11.1%+3.5pp

Returns & leverage

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Return on equity39%-0.6pp
Debt / equity0.7×-0.2×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Ross Stores in its filing.

Tagged under the XBRL concept us-gaap:LeaseholdImprovementsGross.

The source filing: Ross Stores’s 10-Q, filed June 2, 2026.

Filed
Jun 2, 2026, 4:37 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000745732-26-000032
Property and Equipment
Land and buildings1,838,0701,836,1671,494,018
Fixtures and equipment5,115,6195,056,8274,561,893
Leasehold improvements1,870,9281,861,1601,719,361
Construction-in-progress560,433477,290864,381
9,385,0509,231,4448,639,653
Less accumulated depreciation and amortization5,237,3845,142,6844,812,112
Property and equipment, net4,147,6664,088,7603,827,541

Item 1. Financial Statements (unaudited)

FAQ

What is Ross Stores's leasehold improvements?
Ross Stores (ROST) reported leasehold improvements of $1.87B in Q1 2026.
How has Ross Stores's leasehold improvements changed year-over-year?
Ross Stores's leasehold improvements increased by 8.8% year-over-year, from $1.72B to $1.87B.
What is the long-term trend for Ross Stores's leasehold improvements?
Over 5 years (2020 to 2025), Ross Stores's leasehold improvements has grown at a 7.8% compound annual growth rate (CAGR), from $1.28B to $1.86B.
What does leasehold improvements mean?
These are capital expenditures made to modify or improve leased properties to suit the company's specific retail needs. These costs are capitalized and amortized over the shorter of the lease term or the useful life of the improvement. They are a significant component of capital spending for retailers that primarily lease their store locations.

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