GAP vs Ross Stores
Ross Stores is the larger business, with $22.75bn of revenue in fiscal 2026 against $15.37bn for GAP (1.5 times as much). Ross Stores grew faster (7.7% against 1.9%). Ross Stores kept more of each dollar of sales as profit: a net margin of 9.4% against 5.3%.
| Latest fiscal year | GAPGAP, 2026 | Ross StoresROST, 2026 |
|---|---|---|
| Revenue | $15.37bn | $22.75bn |
| Revenue growth | 1.9% | 7.7% |
| Net income | $816m | $2.15bn |
| Operating margin | 7.3% | — |
| Net margin | 5.3% | 9.4% |
| Return on equity | 23.1% | 36.7% |
| Free cash flow | $823m | $2.21bn |
| Cash | $2.62bn | $4.59bn |
| Total debt | $1.49bn | $1.52bn |
| Debt to equity | 39.3% | — |
| Dividend per share | $0.66 | $1.62 |
| Dividend yield | 3.2% | 0.7% |
| Share buybacks | $155m | $1.05bn |
| Employees | 79,000 | 100,000 |
| Market value | $7.80bn | $73.71bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 46 (Moderate) | 67 (Moderate) |
| Insider trades, 12 months | 0 buys, 32 sales | 0 buys, 10 sales |