Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12,532 | $18,916 | $18,696 | $20,377 | $21,129 |
| Gross Profit | $2,693 | $5,207 | $4,750 | $5,575 | $5,869 |
| Operating Income | N/A | N/A | $1,990 | $2,308 | $2,586 |
| Net Income | $85 | $1,723 | $1,512 | $1,875 | $2,091 |
Over the five-year period, Ross Stores’ revenue grew from approximately $12.53 billion in 2021 to $21.13 billion in 2025—a cumulative increase of around 68%. The revenue saw a significant jump between 2021 and 2022, increasing by nearly 51%, which suggests a strong rebound or expansion in its market penetration. While there was a slight dip in 2023—falling from $18.92 billion in 2022 to about $18.70 billion—the revenue trajectory regained momentum in 2024 and 2025. Gross profit exhibited a steady upward trend overall, despite a temporary decline from $5.21 billion in 2022 to $4.75 billion in 2023. This pattern may indicate short-term pressures on cost margins followed by operational improvements that pushed gross margins higher in subsequent years. Notably, the operating income, which was not reported in 2021 and 2022, emerged strongly in 2023 at nearly $1.99 billion and continued growing to $2.59 billion by 2025. This development points to significant operational improvements and possibly enhanced cost management or higher product mix margins. Net income experienced dramatic swings—from a modest $85 million in 2021 to over $1.72 billion in 2022, and then further increased consistently to $2.09 billion in 2025—suggesting that efficiency measures and profitable scaling began materializing from 2022 onward. Overall, the financial health of Ross Stores appears robust, with sustained revenue and profit growth indicating sustained operational strength, although the early data variability highlights the importance of monitoring underlying cost and margin dynamics in this competitive off-price retail segment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.