Ross Stores Inc (ROST)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,874,520 | 1,512,040 | 1,722,590 | 85,382 | 1,660,930 |
| Revenue | US$ in thousands | 20,541,100 | 18,693,000 | 18,841,900 | 12,208,200 | 16,057,200 |
| Net profit margin | 9.13% | 8.09% | 9.14% | 0.70% | 10.34% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,874,520K ÷ $20,541,100K
= 9.13%
Ross Stores Inc's net profit margin has shown some variability over the past five years. The company's net profit margin was 9.13% in the most recent fiscal year (ending Feb 3, 2024), indicating that for every dollar of sales generated, the company retained approximately $0.0913 as net profit. This represents an improvement compared to the previous fiscal year when the net profit margin was 8.09%.
In the fiscal year ended Jan 29, 2022, Ross Stores Inc achieved a net profit margin of 9.14%, which was slightly higher than the most recent year. However, in the fiscal year ended Jan 30, 2021, the net profit margin dropped significantly to 0.70%, indicating lower profitability relative to the other years in consideration.
The highest net profit margin recorded in the past five years was 10.34% in the fiscal year ended Feb 1, 2020, which suggests that the company was more profitable during that period compared to the most recent fiscal year. Overall, Ross Stores Inc's net profit margin has experienced fluctuations but has generally remained at a reasonable level, with the most recent year demonstrating an improvement in profitability compared to the prior year.
Peer comparison
Feb 3, 2024