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RH

RH NYSE Homefurnishing Retail Financials FY2016–FY2025

RH's revenue rose 8.1% to $3.4 billion in fiscal 2025. Its operating margin was 11.3%, up from 10.1% a year earlier. Free cash flow was $252 million. The diluted share count fell 1.0%.

Last close · Oct 23, 2026

$137.43

1.9%
Value it Compare
Revenue Total sales reported in the income statement.
$3.4B
8.1% vs prior year
Operating margin Operating income as a share of revenue.
11.3%
1.1 pts
Net income Profit after all expenses, interest and tax.
$125M
72.4%
Free cash flow Cash from operations minus capital spending.
$252M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$2.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
24.4x
On $5.63 EPS (TTM)

About these figures. Until fiscal 2021 most of RH's debt was convertible notes tagged with its own labels, which the SEC's structured data leaves out, so debt and debt-based ratios are left blank.

What RH does

No business description yet.

Legal name
RH
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0001104659-26-037992
0001528849

Revenue and margins

RH had $3.4B of revenue in fiscal 2025, up 8.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 53.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $252M in fiscal 2025, 7.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

RH returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count fell 1.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value RH yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 19.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 24.4x · peers 16.0x · sector 17.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably RH can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $2.2B$1.5B$124M$30.4M$41.2M
Interest coverage 13.9x4.8x1.5x1.4x1.7x
Current ratio 2.9x2.8x1.3x1.4x1.2x
Quick ratio 2.9x2.8x1.3x1.4x1.2x
Total assets $5.5B$5.3B$4.1B$4.6B$4.8B
Total liabilities $4.4B$4.5B$4.4B$4.7B$4.8B
Shareholders' equity $1.2B$785M−$297M−$164M$60.6M
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$1.8M

1 insider

Sold, 12 months

$25.9M

3 insiders

Of sales under plans

13%

$3.4M

DateInsiderTradeSharesPriceValueFiling
Sep 22, 2026 Mark S DemilioDirector Sold 1,000 $132.00 $0.1M Form 4
Jul 10, 2026 Mark S DemilioDirector Sold 2,445 $168.44 $0.4M Form 4
Jul 8, 2026 Gary G FriedmanChairman & CEO, Director, 10% owner Sold 48,238 $158.66 $7.7M Form 4
Jul 7, 2026 Gary G FriedmanChairman & CEO, Director, 10% owner Sold 7,693 $170.11 $1.3M Form 4
Jul 6, 2026 Gary G FriedmanChairman & CEO, Director, 10% owner Sold 69,069 $169.48 $11.7M Form 4
Jun 29, 2026 Carlos AlberiniDirector Bought 11,388 $160.90 $1.8M Form 4
Jun 18, 2026 Mark S DemilioDirector Sold 3,102 $144.00 $0.4M Form 4
Jun 16, 2026 Mark S DemilioDirector Sold 2,202 $150.00 $0.3M Form 4
Mar 31, 2026 Eri ChayaSee Remarks, Director Sold plan 11,000 $137.92 $1.5M Form 4
Mar 24, 2026 Eri ChayaSee Remarks, Director Sold plan 7,000 $129.42 $0.9M Form 4
Mar 17, 2026 Eri ChayaSee Remarks, Director Sold plan 7,000 $135.34 $0.9M Form 4
Jan 14, 2026 Mark S DemilioDirector Sold 2,254 $220.00 $0.5M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✕ ✓
Debt fell relative to assets — — —
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✓ ✕
F-score — / 9— / 9— / 9
Accruals ratio −1.6%1.3%−7.0%
Altman Z'' 0.430.630.53

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
RH RH $2.7B 8.1% 11.3% 7.3% — 24.4x —
Williams-Sonoma WSM $30.0B 1.2% 18.1% 13.5% 106.5% 25.9x 5 Compare →
Wayfair W $14.8B 5.1% 0.1% 3.7% — — 6 Compare →
Capri Holdings CPRI $1.8B −4.1% 0.7% 0.4% 1.6% 12.2x 7 Compare →
Columbia Sportswear COLM $3.1B 0.9% 6.1% 6.4% 17.0% 16.0x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.1B $2.4B $2.5B $2.6B $2.8B $3.8B $3.6B $3.0B $3.2B $3.4B
Gross profit $680M $839M $986M $1.1B $1.3B $1.9B $1.8B $1.4B $1.4B $1.5B
Operating income $53.0M $117M $262M $363M $467M $927M $722M $366M $323M $387M
Interest expense $44.5M $56.0M $67.8M $87.2M $69.2M $66.9M $152M $238M $235M $228M
Pretax income $8.6M $22.5M $161M $269M $376M $822M $437M $156M $77.2M $167M
Income tax $3.2M $25.1M $25.2M $48.8M $105M $134M −$91.4M $28.3M $4.8M $47.2M
Net income $5.4M −$2.6M $136M $220M $272M $689M $529M $128M $72.4M $125M
Diluted EPS $0.13 −$0.10 $5.12 $9.07 $9.96 $22.13 $19.90 $5.91 $3.62 $6.31
Diluted shares 0.04B 0.03B 0.03B 0.02B 0.03B 0.03B 0.03B 0.02B 0.02B 0.02B
Cash flow
Cash from operations $80.5M $475M $250M $339M $501M $662M $404M $202M $17.1M $452M
Capital expenditure $170M $68.4M $80.0M $93.6M $111M $185M $174M $269M $231M $200M
Free cash flow −$89.5M $406M $170M $246M $390M $477M $230M −$67.1M −$214M $252M
Depreciation and amortization $57.0M $83.2M $91.4M $101M $100M $96.0M $109M $119M $130M $149M
Stock-based compensation $29.2M $50.7M $24.0M $21.8M $146M $48.5M $43.5M $39.4M $44.2M $43.9M
Acquisitions $116M $0.0M $0.0M $0.0M $17.9M $0.0M $0.0M $0.0M $0.0M $32.1M
Share buybacks $0.0M $1.0B $250M $250M $0.0M $0.0M $1.0B $1.3B $12.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $1.0B $250M $250M $0.0M $0.0M $1.0B $1.3B $12.0M $0.0M
Balance sheet
Cash and short-term investments $230M — $5.8M $47.7M $100M $2.2B $1.5B $124M $30.4M $41.2M
Finance lease liabilities $0.0M $0.0M $430M $452M $500M $576M $670M $582M $652M $740M
Current assets $1.1B $645M $704M $597M $802M $3.1B $2.5B $1.1B $1.3B $1.1B
Current liabilities $416M $519M $993M $983M $922M $1.1B $886M $873M $905M $931M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $682M $801M $953M $968M $1.1B $1.2B $1.6B $1.7B $1.9B $2.2B
Total assets $2.2B $1.7B $2.4B $2.4B $2.9B $5.5B $5.3B $4.1B $4.6B $4.8B
Total liabilities $1.3B $1.7B $2.5B $2.4B $2.5B $4.4B $4.5B $4.4B $4.7B $4.8B
Shareholders' equity $924M −$8.2M −$38.7M $18.7M $447M $1.2B $785M −$297M −$164M $60.6M
Margins
Gross margin 31.8% 34.4% 39.3% 41.4% 46.5% 49.4% 50.5% 45.9% 44.5% 44.1%
Operating margin 2.5% 4.8% 10.5% 13.7% 16.4% 24.7% 20.1% 12.1% 10.1% 11.3%
EBITDA margin 5.2% 8.2% 14.1% 17.5% 19.9% 27.2% 23.1% 16.0% 14.2% 15.6%
Net margin 0.3% −0.1% 5.4% 8.3% 9.5% 18.3% 14.7% 4.2% 2.3% 3.6%
FCF margin −4.2% 16.6% 6.8% 9.3% 13.7% 12.7% 6.4% −2.2% −6.7% 7.3%
Returns
Return on capital employed 3.1% 7.8% 19.8% 25.1% 27.2% 28.7% 16.2% 9.5% 9.3% 10.3%
Return on equity 0.6% −0.6% — — 116.7% 85.2% 54.1% 52.4% — —
Return on assets 0.3% −0.1% 6.5% 9.1% 10.2% 16.3% 9.7% 2.7% 1.7% 2.7%
Growth
Revenue growth 1.2% 14.3% 2.7% 5.7% 7.6% 32.0% −4.5% −15.6% 5.0% 8.1%
Net income growth −94.1% −148.1% — 62.4% 23.3% 153.3% −23.2% −75.9% −43.2% 72.3%
EPS growth −94.0% −176.9% — 77.2% 9.8% 122.2% −10.1% −70.3% −38.8% 74.3%
FCF growth −1,335.9% — −58.2% 44.8% 58.7% 22.4% −51.8% −129.2% — —
Share count change −3.2% −33.9% −1.9% −8.4% 12.4% 14.0% −14.6% −18.7% −7.5% −1.0%
Financial health
Interest coverage 1.2x 2.1x 3.9x 4.2x 6.7x 13.9x 4.8x 1.5x 1.4x 1.7x
Current ratio 2.7x 1.2x 0.7x 0.6x 0.9x 2.9x 2.8x 1.3x 1.4x 1.2x
Quick ratio 2.7x 1.2x 0.7x 0.6x 0.9x 2.9x 2.8x 1.3x 1.4x 1.2x
Capital allocation
Capex / revenue 8.0% 2.8% 3.2% 3.5% 3.9% 4.9% 4.8% 8.9% 7.3% 5.8%
Stock comp / revenue 1.4% 2.1% 1.0% 0.8% 5.1% 1.3% 1.2% 1.3% 1.4% 1.3%
Payouts / FCF — 246.3% 147.4% 101.8% 0.0% 0.0% 434.7% — — 0.0%
Quality scores
Altman Z'' 3.3 1.2 −0.6 −0.6 0.9 4.1 3.4 0.4 0.6 0.5
Accruals ratio −3.5% −24.3% −5.5% −4.9% −8.6% 0.6% 2.3% −1.6% 1.3% −7.0%

Source: SEC EDGAR XBRL filings (CIK 0001528849). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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