Net Profit Margin
since 2005
Calculation
Ross Stores Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings1 | ÷ | Sales1 | |
|---|---|---|---|---|---|---|---|
| Jan 29, 2022 | 9.11% | = | 100 | × | 1,722,589) | ÷ | 18,916,244) |
| Jan 30, 2021 | 0.68% | = | 100 | × | 85,382) | ÷ | 12,531,565) |
| Feb 1, 2020 | 10.36% | = | 100 | × | 1,660,928) | ÷ | 16,039,073) |
| Feb 2, 2019 | 10.59% | = | 100 | × | 1,587,457) | ÷ | 14,983,541) |
| Feb 3, 2018 | 9.64% | = | 100 | × | 1,362,753) | ÷ | 14,134,732) |
| Jan 28, 2017 | 8.69% | = | 100 | × | 1,117,654) | ÷ | 12,866,757) |
| Jan 30, 2016 | 8.55% | = | 100 | × | 1,020,661) | ÷ | 11,939,999) |
| Jan 31, 2015 | 8.37% | = | 100 | × | 924,724) | ÷ | 11,041,677) |
| Feb 1, 2014 | 8.18% | = | 100 | × | 837,304) | ÷ | 10,230,353) |
| Feb 2, 2013 | 8.09% | = | 100 | × | 786,763) | ÷ | 9,721,065) |
| Jan 28, 2012 | 7.63% | = | 100 | × | 657,170) | ÷ | 8,608,291) |
| Jan 29, 2011 | 7.05% | = | 100 | × | 554,797) | ÷ | 7,866,100) |
| Jan 30, 2010 | 6.16% | = | 100 | × | 442,757) | ÷ | 7,184,213) |
| Jan 31, 2009 | 4.71% | = | 100 | × | 305,441) | ÷ | 6,486,139) |
| Feb 2, 2008 | 4.37% | = | 100 | × | 261,051) | ÷ | 5,975,212) |
| Feb 3, 2007 | 4.34% | = | 100 | × | 241,634) | ÷ | 5,570,210) |
| Jan 28, 2006 | 4.04% | = | 100 | × | 199,632) | ÷ | 4,944,179) |
| Jan 29, 2005 | 4.01% | = | 100 | × | 169,902) | ÷ | 4,239,990) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
The financial performance from 2005 to 2022 is characterized by a long-term trajectory of margin expansion, followed by a severe short-term contraction and a subsequent rapid recovery.
- Long-Term Profitability Expansion (2005–2019)
- A consistent upward trend in the net profit margin is observed over this period, increasing from 4.01% in 2005 to a peak of 10.59% in 2019. This expansion occurred alongside a steady rise in sales, which grew from approximately 4.2 billion to 16.0 billion, and net earnings, which rose from 169.9 million to 1.66 billion. The concurrent growth in both revenue and margin suggests significant improvements in operational efficiency and cost management over these fifteen years.
- Fiscal Year 2020 Contraction
- A sharp decline in profitability is evident in 2020, with the net profit margin collapsing to 0.68%. This contraction is linked to a substantial decrease in sales, which fell to 12.5 billion, and a precipitous drop in net earnings to 85.4 million. This period represents a significant anomaly in the long-term growth pattern, indicating a period of extreme financial pressure.
- Recovery and Resilience (2021)
- A rapid recovery occurred in 2021, with the net profit margin rebounding to 9.11%. During this period, sales reached a peak of 18.9 billion and net earnings returned to 1.72 billion, surpassing the levels recorded prior to the 2020 contraction. This indicates a strong capacity for operational restoration and a return to historical profitability levels.
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Comparison to Competitors
Ross Stores Inc., net profit margin, long-term trends, comparison to competitors
| Ross Stores Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 9.11% | -0.53% | 10.87% | 8.77% | 6.76% |
| Jan 30, 2021 | 0.68% | 7.10% | 9.74% | 6.51% | 0.28% |
| Feb 1, 2020 | 10.36% | 5.53% | 10.20% | 5.93% | 7.84% |
| Feb 2, 2019 | 10.59% | 4.13% | 10.28% | 3.25% | 7.85% |
| Feb 3, 2018 | 9.64% | 4.33% | 8.55% | 5.02% | 7.27% |
| Jan 28, 2017 | 8.69% | 1.71% | 8.41% | 4.76% | 6.93% |
| Jan 30, 2016 | 8.55% | 1.74% | 7.92% | 4.31% | 7.36% |
| Jan 31, 2015 | 8.37% | 0.56% | 7.63% | 4.80% | 7.62% |
| Feb 1, 2014 | 8.18% | -0.27% | 6.83% | 4.28% | 7.79% |
| Feb 2, 2013 | 8.09% | 0.37% | 6.07% | 3.88% | 7.37% |
| Jan 28, 2012 | 7.63% | -0.06% | 5.52% | 3.66% | 6.45% |
| Jan 29, 2011 | 7.05% | 1.31% | 4.91% | 4.12% | 6.12% |
| Jan 30, 2010 | 6.16% | 3.37% | 4.02% | 3.78% | 5.98% |
| Jan 31, 2009 | 4.71% | 3.68% | 3.17% | 4.55% | 4.63% |
| Feb 2, 2008 | 4.37% | 3.37% | 5.68% | 5.82% | 4.14% |
| Feb 3, 2007 | 4.34% | 3.21% | 6.34% | 6.62% | 4.24% |
| Jan 28, 2006 | 4.04% | 1.77% | 7.16% | 6.41% | 4.30% |
| Jan 29, 2005 | 4.01% | 4.23% | 6.84% | 5.97% | 4.45% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Ross Stores Inc., net profit margin, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Ross Stores Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 9.11% | 3.14% |
| Jan 30, 2021 | 0.68% | 7.21% |
| Feb 1, 2020 | 10.36% | 6.58% |
| Feb 2, 2019 | 10.59% | 5.63% |
| Feb 3, 2018 | 9.64% | 5.65% |
| Jan 28, 2017 | 8.69% | 4.42% |
| Jan 30, 2016 | 8.55% | 4.52% |
| Jan 31, 2015 | 8.37% | 4.30% |
| Feb 1, 2014 | 8.18% | 3.85% |
| Feb 2, 2013 | 8.09% | 3.85% |
| Jan 28, 2012 | 7.63% | 3.50% |
| Jan 29, 2011 | 7.05% | 3.92% |
| Jan 30, 2010 | 6.16% | 4.06% |
| Jan 31, 2009 | 4.71% | 3.83% |
| Feb 2, 2008 | 4.37% | 5.27% |
| Feb 3, 2007 | 4.34% | 5.93% |
| Jan 28, 2006 | 4.04% | 6.26% |
| Jan 29, 2005 | 4.01% | 6.17% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Discretionary)
Ross Stores Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Ross Stores Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | 9.11% | 5.02% |
| Jan 30, 2021 | 0.68% | 9.12% |
| Feb 1, 2020 | 10.36% | 5.18% |
| Feb 2, 2019 | 10.59% | 5.92% |
| Feb 3, 2018 | 9.64% | 6.19% |
| Jan 28, 2017 | 8.69% | 4.38% |
| Jan 30, 2016 | 8.55% | 5.77% |
| Jan 31, 2015 | 8.37% | 6.37% |
| Feb 1, 2014 | 8.18% | 4.66% |
| Feb 2, 2013 | 8.09% | 5.29% |
| Jan 28, 2012 | 7.63% | 5.32% |
| Jan 29, 2011 | 7.05% | 8.80% |
| Jan 30, 2010 | 6.16% | 5.80% |
| Jan 31, 2009 | 4.71% | 4.94% |
| Feb 2, 2008 | 4.37% | 0.22% |
| Feb 3, 2007 | 4.34% | 3.23% |
| Jan 28, 2006 | 4.04% | 0.73% |
| Jan 29, 2005 | 4.01% | 4.49% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).