ROSS STORES, INC.

Retail-Family Clothing Stores·DUBLIN, CA·FY end 02/01·CIK 745732

CEO Pay Ratio

1,730:1

James G. Conroy

CEO Total Comp

$17.4M

James G. Conroy

Median Employee

$10,059

Revenue

$22.8B

FY 2025

Net Income

$2.1B

FY 2025

Free Cash Flow

$2.2B

FY 2025

Net Margin

9.4%

Insider Net (180d)

-$10.3M

0 buys / 8 sales

CEO Pay Accountability

CEO comp as % of net income

0.81%

For every $1,000 of profit, $8.11 flows to the CEO.

CEO comp as % of buybacks

1.66%

CEO comp equals 16.6‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$22.8B	$21.1B	$20.4B	$18.7B	$18.9B
Gross Profit	—	—	—	—	—	—
Operating Income	$2.7B	$2.6B	—	—	—
Net Income	$2.1B	$2.1B	$1.9B	$1.5B	$1.7B
Operating CF	$3.0B	$2.4B	$2.5B	$1.7B	$1.7B
Capex	$819.3M	$720.1M	$762.8M	$654.1M	$557.8M
Free Cash Flow	$2.2B	$1.6B	$1.8B	$1.0B	$1.2B
Buybacks	$1.1B	$1.0B	$950.0M	$950.0M	$650.0M
Dividends	$528.1M	$488.7M	$454.8M	$431.3M	$405.1M

Gross Margin	—	—	—	—	—	—
Operating Margin	11.9%	12.2%	—	—	—
Net Margin	9.4%	9.9%	9.2%	8.1%	9.1%
FCF Margin	9.7%	7.7%	8.6%	5.5%	6.2%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	24.5%	24.2%	24.2%	23.9%	23.7%
Debt / Equity	0.41	0.68	0.96	1.15	1.21
Buybacks / FCF	47.6%	64.1%	54.2%	91.8%	55.0%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
James G. ConroyChief Executive Officer	$1.4M	$10.7M	—	$4.7M	$573.5K	$17.4M
Michael BalmuthExecutive Chairman	$1.6M	$7.6M	—	$5.6M	$195.6K	$15.0M
Michael J. Hartshorn GroupPresident, Chief Operating Officer	$1.3M	$7.3M	—	$2.5M	$131.7K	$11.2M
Karen FlemingPresident, Chief Merchandising Officer, Ross Dress for Less	$1.2M	$2.9M	—	$1.7M	$108.1K	$5.9M
William W. Sheehan IIExecutive Vice President, Chief Financial Officer*	$702.8K	$2.5M	—	$697.7K	$55.4K	$4.0M
Adam OrvosFormer Executive Vice President, Chief Financial Officer**	$552.9K	—	—	—	$75.6K	$628.5K