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NYSE: RH NYSE Homefurnishing Retail Next results ~December 10, 2026

C+ Fundamentals grade

RH is a US-listed company in the homefurnishing retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$76

Valuation models combined (2)

Base case. Range ~$44–$140. Weighted average of 2 models (growth cash-flow model, justified price-to-book), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

RH valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter RH files

Where RH stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $3.45bn, up 3.3% on a year earlier, slower than the 4.8% growth a quarter earlier. Free-cash-flow margin rose to 7.3% from -1.5% a year earlier. The diluted share count is down 4.1% on a year earlier, which lifts each remaining share. It passes 1 of our 2 financial-health checks. Our valuation models combined value is $110 a share, against a share price of $134.

Source: 10-Q filed September 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 10, 2026 (estimated)

RH's trailing-twelve-month revenue grew 3.3% year on year, with a free-cash-flow margin of 7.3%. Where it stands out: free-cash-flow margin of 7.3% ranks 2 of 7 homefurnishing retail companies we cover. Where it lags: change in growth rate of -1.5pp ranks 6 of 7 homefurnishing retail companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 484% in the quarter to 2026-07-31, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 4.1% in a year, so each share owns more of the business.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 61% and a beta of 1.9 against the S&P 500.
  • Below peers: change in growth rate. Change in growth rate of -1.5pp ranks 6 of 7 homefurnishing retail companies we cover (median +0.7pp).
  • Heavily shorted. 56.5% of the shares available to trade are sold short (6.3 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 8.5% over 90 days.

Latest results: FY2027 Q2

Filed September 10, 2026
Earnings per share
$2.70 against an average estimate of $0.46: beat by 483.9%
Revenue
$922m, up 2.6% on a year earlier
Share reaction
-3.8% in the first session after the results on September 10, 2026, against +0.2% for the S&P 500
Next report
December 10, 2026; average EPS estimate $0.69

RH's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.1%
  • 1 week+8.0%
  • 1 month+21.6%
  • This year-18.2%
  • 1 year-15.1%
  • 5 years-78.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.4B
Operating margin
10.0%
Net margin
3.2%
EPS (TTM, diluted)
$5.72

Growth

Revenue growth
+3.3%
Change in growth rate
−1.5 pts
Share count change
−4.1%

Cash

Free cash flow (TTM)
$251M
FCF margin
7.3%
Stock pay % of revenue
1.3%

Earnings

Last results
September 10, 2026
Next results (est.)
December 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Results
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Deal
  9. Announcement
  10. Insider trade
  11. Announcement
  12. Insider trade
  13. Announcement
  14. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

RH valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value RH as an operating company, with every model that fits that kind of business. Cost of equity 12%: the 10-year Treasury yield (4.9%) plus a beta of 1.58 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$44 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$140 ~$120–$160 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$76 ~$44–$140 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare RH with Homefurnishing Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$61.62$26.09$92.04$133.64$208.75$475.36$391.92$310.65$256.03$419.11$198.83$146.52
Market value$2.6bn$1.1bn$2.5bn$3.5bn$5.1bn$13.0bn$12.2bn$8.3bn$5.5bn$8.4bn$3.9bn$2.9bn
+ Net debt (− = net cash)−$331m−$87m−$18m−$6m−$48m−$100m−$2.2bn−$1.5bn−$124m−$30m−$41m$2.3bn
Enterprise value$2.3bn$981m$2.5bn$3.5bn$5.0bn$12.9bn$10.0bn$6.7bn$5.4bn$8.3bn$3.9bn$5.1bn
Multiples
Price / sales 1.2x0.5x1.0x1.4x1.9x4.6x3.2x2.3x1.8x2.6x1.1x0.8x
Price / earnings 28.6x197.7x—26.1x23.0x47.7x17.7x15.6x43.4x115.7x31.5x25.6x
Price / free cash flow n/m—6.1x20.9x20.7x33.3x25.6x35.9x——15.6x11.4x
EV / EBITDA 9.9x8.9x12.3x10.0x10.8x22.7x9.8x8.1x11.1x18.4x7.3x10.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

62 /100

Moderate moat

How hard RH's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.6% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 44.3%, moving by 5.2 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 11.2%; its worst year was 2.7%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 8 of 10 years, at a median 8.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 35.9% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (67 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 10, 2026, after the close. Analysts expect revenue of $933m and EPS of $0.69 (range $0.39 to $1.28) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.30 −16% $3.6bn +6%
Next $8.48 +60% $4.0bn +9%

Next year's EPS estimate has moved −8.5% in 90 days, across 20 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.46 $2.70 +483.9%
Apr 2026 −$2.07 −$1.97 +4.9%
Jan 2026 $2.20 $1.53 −30.6%
Oct 2025 $2.16 $1.71 −20.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

20 analysts, Oct 2026
Buy735%
Hold1155%
Sell210%

Monthly trend

  1. Oct 20264311220
  2. Sep 20263411220
  3. Aug 20264311220
  4. Jul 2026431119

Counts of recommendations published by analysts covering RH, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
56.5%
of tradable shares
Days to cover
6.31
at average volume
Short interest, 1 month
+8%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
18.1%
of shares
Employees
6,510
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −15.1%

$172.49 on October 31, 2025 to $146.52

ThenNowEffect
Revenue (last 12 months) $3.3bn $3.4bn +3.3%
Net margin 3.2% 3.2% +1.0%
P/E multiple 32.8x 25.6x −21.9%
Share count 20m 20m +4.2%

Biggest factor: p/e multiple.

Last 3 years −39.0%

$240.13 on November 3, 2023 to $146.52

ThenNowEffect
Revenue (last 12 months) $3.2bn $3.4bn +8.4%
Net margin 10.2% 3.2% −68.3%
P/E multiple 18.2x 25.6x +41.2%
Share count 24m 20m +25.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RH+20%−50%+9%+35%−55%−18%
Industry peers (median)+37%−31%+27%−18%+5%+16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RH50%33%50%58%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RH−29%−61%−47%−38%−69%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 85% from August 12, 2021 to October 14, 2026. Getting back needed a 565% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$110.99 – $232.90
From 52-week high
−37.1%
vs 50-day average
+11.9%
vs 200-day average
−4.1%
Volatility (1 year)
61%
Beta vs S&P 500
1.93

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±14.1%
After a week
5 up, 7 down
typical move ±11.5%
After a month
6 up, 6 down
typical move ±15.2%
Results releasedNext dayS&P 500 next day5 days21 days
September 10, 2026 −3.8% +0.2% −9.0% −16.1%
June 11, 2026 +2.9% +2.2% −0.4% +17.4%
March 31, 2026 −14.5% +3.7% −9.1% 0.0%
December 11, 2025 +3.0% −0.8% +9.8% +41.7%
September 11, 2025 −4.9% +0.8% +2.0% −24.3%
June 12, 2025 +5.7% −0.7% +5.5% +4.8%
April 2, 2025 −37.5% −4.3% −19.7% −17.8%
December 12, 2024 +11.8% −0.5% −2.7% +7.4%
September 12, 2024 +30.3% +1.4% +41.3% +33.6%
June 13, 2024 −19.5% +0.3% −24.4% +3.1%
March 27, 2024 +21.7% +0.8% −1.2% −13.1%
December 7, 2023 −13.5% +1.2% +13.3% −2.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

RH in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) RH
$3B $3.2B $3.4B $3.6B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $3.1B Revenue (TTM), FY24 Q4: $3B Revenue (TTM), FY25 Q1: $3B Revenue (TTM), FY25 Q2: $3B Revenue (TTM), FY25 Q3: $3.1B Revenue (TTM), FY25 Q4: $3.2B Revenue (TTM), FY26 Q1: $3.3B Revenue (TTM), FY26 Q2: $3.3B Revenue (TTM), FY26 Q3: $3.4B Revenue (TTM), FY26 Q4: $3.4B Revenue (TTM), FY27 Q1: $3.4B Revenue (TTM), FY27 Q2: $3.4B $3.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $3.1B
FY24 Q4 $3B
FY25 Q1 $3B
FY25 Q2 $3B
FY25 Q3 $3.1B
FY25 Q4 $3.2B
FY26 Q1 $3.3B
FY26 Q2 $3.3B
FY26 Q3 $3.4B
FY26 Q4 $3.4B
FY27 Q1 $3.4B
FY27 Q2 $3.4B
Revenue growth, TTM YoY RH
-20% -10% 0% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -17.7% Revenue growth, TTM YoY, FY24 Q4: -15.6% Revenue growth, TTM YoY, FY25 Q1: -10.5% Revenue growth, TTM YoY, FY25 Q2: -4.2% Revenue growth, TTM YoY, FY25 Q3: 1.4% Revenue growth, TTM YoY, FY25 Q4: 5.0% Revenue growth, TTM YoY, FY26 Q1: 8.3% Revenue growth, TTM YoY, FY26 Q2: 9.6% Revenue growth, TTM YoY, FY26 Q3: 9.7% Revenue growth, TTM YoY, FY26 Q4: 8.1% Revenue growth, TTM YoY, FY27 Q1: 4.8% Revenue growth, TTM YoY, FY27 Q2: 3.3% 3.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -17.7%
FY24 Q4 -15.6%
FY25 Q1 -10.5%
FY25 Q2 -4.2%
FY25 Q3 1.4%
FY25 Q4 5.0%
FY26 Q1 8.3%
FY26 Q2 9.6%
FY26 Q3 9.7%
FY26 Q4 8.1%
FY27 Q1 4.8%
FY27 Q2 3.3%
Operating margin (TTM) RH
8% 10% 12% 14% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 13.5% Operating margin (TTM), FY24 Q4: 12.1% Operating margin (TTM), FY25 Q1: 10.7% Operating margin (TTM), FY25 Q2: 8.7% Operating margin (TTM), FY25 Q3: 10.2% Operating margin (TTM), FY25 Q4: 10.1% Operating margin (TTM), FY26 Q1: 9.9% Operating margin (TTM), FY26 Q2: 10.7% Operating margin (TTM), FY26 Q3: 10.6% Operating margin (TTM), FY26 Q4: 11.3% Operating margin (TTM), FY27 Q1: 10.7% Operating margin (TTM), FY27 Q2: 10.0% 10.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 13.5%
FY24 Q4 12.1%
FY25 Q1 10.7%
FY25 Q2 8.7%
FY25 Q3 10.2%
FY25 Q4 10.1%
FY26 Q1 9.9%
FY26 Q2 10.7%
FY26 Q3 10.6%
FY26 Q4 11.3%
FY27 Q1 10.7%
FY27 Q2 10.0%
FCF margin (TTM) RH
-20% -10% 0% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 6.1% FCF margin (TTM), FY24 Q4: -2.2% FCF margin (TTM), FY25 Q1: -4.3% FCF margin (TTM), FY25 Q2: -9.3% FCF margin (TTM), FY25 Q3: -12.7% FCF margin (TTM), FY25 Q4: -6.7% FCF margin (TTM), FY26 Q1: -5.2% FCF margin (TTM), FY26 Q2: -1.5% FCF margin (TTM), FY26 Q3: 3.8% FCF margin (TTM), FY26 Q4: 7.3% FCF margin (TTM), FY27 Q1: 6.8% FCF margin (TTM), FY27 Q2: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 6.1%
FY24 Q4 -2.2%
FY25 Q1 -4.3%
FY25 Q2 -9.3%
FY25 Q3 -12.7%
FY25 Q4 -6.7%
FY26 Q1 -5.2%
FY26 Q2 -1.5%
FY26 Q3 3.8%
FY26 Q4 7.3%
FY27 Q1 6.8%
FY27 Q2 7.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar RH took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.4B
  2. Cost of revenue $1.9B · 55.9%
  3. Gross profit $1.5B · 44.1%
  4. Selling, general and admin $1.1B · 32.8%
  5. Operating income $387M · 11.3%
  6. Income tax $47.2M · 1.4%
  7. Interest and other $215M · 6.3%
  8. Net income $125M · 3.6%

Shares of revenue. Source: RH's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 773 958 1,193 1,551 1,867 2,109 2,135 2,440 2,506 2,647 2,849 3,759 3,590 3,029 3,181 3,440 3,449
Gross profit 272 356 436 557 691 753 680 839 986 1,095 1,326 1,855 1,812 1,389 1,415 1,516 1,527
EBITDA 28 56 −42 83 200 230 110 200 353 464 567 1,023 831 485 453 536 503
Operating income −3 27 −69 55 166 186 53 117 262 363 467 927 722 366 323 387 344
Net income −7 21 −13 18 91 91 5 −3 136 220 272 689 529 128 72 125 112
Diluted EPS −$70510.00 $43991.00 −$1.36 $0.45 $2.20 $2.16 $0.13 −$0.10 $5.12 $9.07 $9.96 $22.13 $19.90 $5.91 $3.62 $6.31 $5.72
Growth (year on year)
Revenue — +24.0% +24.5% +30.0% +20.4% +12.9% +1.2% +14.3% +2.7% +5.7% +7.6% +32.0% −4.5% −15.6% +5.0% +8.1% +3.3%
EBITDA — +99.8% −175.5% — +142.6% +15.0% −52.2% +82.0% +76.3% +31.3% +22.3% +80.5% −18.8% −41.6% −6.7% +18.3% +1.8%
Operating income — — −357.2% — +202.1% +12.0% −71.4% +120.8% +123.5% +38.6% +28.7% +98.6% −22.1% −49.3% −11.9% +20.1% −3.4%
Net income — — −162.1% — — +0.1% −94.1% — — +62.4% +23.3% +153.3% −23.2% −75.9% −43.2% +72.3% +4.4%
Diluted EPS — — −100.0% — — −1.8% −94.0% — — +77.1% +9.8% +122.2% −10.1% −70.3% −38.7% +74.3% +8.8%
Margins
Gross margin 35.1% 37.2% 36.6% 35.9% 37.0% 35.7% 31.8% 34.4% 39.3% 41.4% 46.5% 49.4% 50.5% 45.9% 44.5% 44.1% 44.3%
EBITDA margin 3.6% 5.8% −3.5% 5.3% 10.7% 10.9% 5.2% 8.2% 14.1% 17.5% 19.9% 27.2% 23.1% 16.0% 14.2% 15.6% 14.6%
Operating margin −0.4% 2.8% −5.8% 3.5% 8.9% 8.8% 2.5% 4.8% 10.4% 13.7% 16.4% 24.7% 20.1% 12.1% 10.1% 11.3% 10.0%
Net margin −0.9% 2.1% −1.1% 1.2% 4.9% 4.3% 0.3% −0.1% 5.4% 8.3% 9.5% 18.3% 14.7% 4.2% 2.3% 3.6% 3.2%
Free-cash-flow margin −6.7% −0.9% −4.4% −0.4% −1.7% 0.3% −4.2% 16.6% 6.8% 9.3% 13.7% 12.7% 6.4% −2.2% −6.7% 7.3% 7.3%
Cash flow
Cash from operations −12 17 −4 88 79 127 81 475 250 339 501 662 404 202 17 452 426
Capital spending 40 26 49 94 110 119 170 68 80 94 111 185 174 269 231 200 175
Free cash flow −52 −8 −53 −6 −31 7 −90 406 170 246 390 477 230 −67 −214 252 251
Stock-based pay 1 2 116 68 17 24 29 51 24 22 146 48 44 39 44 44 44
Free cash flow after stock pay −53 −10 −169 −74 −48 −17 −119 355 146 224 244 428 186 −107 −258 209 206
Balance sheet
Cash 13 9 8 13 146 331 87 18 6 48 100 2,178 1,508 124 30 41 125
Total debt — — — — — — — — — — — — — — — — 2,386
Net debt (negative = net cash) −13 −9 −8 −13 −146 −331 −87 −18 −6 −48 −100 −2,178 −1,508 −124 −30 −41 2,261
Diluted shares — — 9m 40m 41m 42m 41m 27m 27m 24m 27m 31m 27m 22m 20m 20m 20m
Returned to shareholders
Buybacks — — — 3 — — — 1,000 250 250 — — 1,000 1,253 12 — —
Total returned — — — 3 — — — 1,000 250 250 — — 1,000 1,253 12 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · August 1, 2026
What it owns · $5.1bn
Short-term assets $1.2bnLonger-term assets $4.0bn
What it owes, and who funded it · $5.1bn
Short-term liabilities $1.0bnLonger-term liabilities $4.0bnShareholders' equity $120m
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $4.0bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From RH's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−4.1%
year over year
Sales & admin spending
34.3%
of revenue
Days sales outstanding
8 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in homefurnishing retail
Last 12 months unless stated RH WSM ARHS W HVT LOVE Median
Revenue, last 12 months $3.4bn $8.0bn $1.4bn $12.9bn $780m $698m $1.4bn
Revenue growth, last 12 months 3.3% 2.2% 5.4% 7.5% 8.0% 1.1% 5.4%
Revenue growth, 3-year average 2.7% −1.1% 2.9% 2.8% −7.5% 1.4% 2.1%
Revenue growth, latest quarter 2.6% 6.7% 7.4% 7.5% 7.7% 0.4% 7.0%
Gross margin 44.3% 47.2% 39.7% 30.1% 60.9% 58.8% 44.3%
Operating margin 10.0% 19.2% 6.6% 1.7% — 3.3% 5.9%
Operating margin, 3-year average 9.8% 18.6% 7.4% −1.9% — 2.4% 7.4%
Net margin 3.2% 14.7% 4.9% −2.5% 2.9% 2.6% 3.2%
Cash from operations / revenue 12.3% 20.1% 8.2% 5.2% 7.8% 9.6% 8.2%
Free-cash-flow margin 7.3% 16.8% 2.9% 4.4% 5.1% 6.3% 5.1%
Free-cash-flow margin, 3-year average −1.2% 15.6% 4.2% 3.1% 4.9% 2.5% 3.7%
Stock pay / revenue 1.3% 1.5% 0.8% 2.4% 1.0% 0.6% 1.0%
Change in share count −4.1% −3.4% 0.6% 2.6% — −10.3% −1.7%

Median of all 7 companies we cover in homefurnishing retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 homefurnishing retail companies
Measure Company Peer median Rank
Revenue growth Growth 3.3% 5.4% 5 of 7
Change in growth rate Growth -1.5pp +0.7pp 6 of 7
Gross margin Profitability 44.3% 44.3% 4 of 7
Operating margin Profitability 10.0% 6.6% 2 of 6
Net margin Profitability 3.2% 3.2% 4 of 7
Free-cash-flow margin Cash generation 7.3% 5.1% 2 of 7
Stock pay as % of revenue Cash generation 1.3% 1.0% 5 of 7
Change in share count Balance sheet -4.1% 0.0% 2 of 6

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Segments
Line of business Revenue Share YoY
RH $3.2B 94.2% ▲ 8.5%
Waterworks $198M 5.8% ▲ 2.7%

From RH's 10-K filed April 1, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.3B
Institutions reporting
371
Shares held vs prior quarter
▲ 6.5%
Positions opened / closed
69 / 68

Top buyers and sellers, Q2 2026: 198 institutions bought and 181 sold ; the biggest buyer was Blackrock, Inc (+582K shares) and the biggest seller Point72 Asset Management, L.P (−429K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $467M 2.8M 14.3% ▲ 1.4%
Blackrock, Inc. $326M 2.0M 9.9% ▲ 41.7%
Alyeska Investment Group, L.P. $282M 1.7M 8.6% ▲ 4.4%
Vanguard Portfolio Management LLC $128M 778K 3.9% ▲ 19.0%
Two Sigma Investments, LP $126M 763K 3.8% ▲ 175.9%
Vanguard Capital Management LLC $113M 688K 3.5% ▲ 1.2%
UBS Group AG $102M 619K 3.1% ▼ 12.9%
State Street Corp $96.6M 587K 2.9% ▲ 24.2%
Morgan Stanley $76.8M 466K 2.3% ▼ 12.6%
Geode Capital Management, LLC $68.4M 415K 2.1% ▲ 44.4%
Goldman Sachs Group Inc $65.8M 400K 2.0% ▲ 174.9%
Charles Schwab Investment Management Inc $51.9M 315K 1.6% ▲ 17.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not RH's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.8M 3 trades by 1 insider, last 12 months Insider sales History → $26.5M 33 trades by 3 insiders · 13% under pre-set plans
Net ▼ $24.6M net selling
Insider Date Trade Shares Price Value
Demilio Mark S Director September 22, 2026 Sell 1,000 $132.00 $132,000
Demilio Mark S Director July 10, 2026 Sell 1,309 $167.95 $219,847
Demilio Mark S Director July 10, 2026 Sell 1,136 $169.00 $191,984
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 3,216 $155.65 $500,570
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 24,370 $159.97 $3.9M
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 6,833 $158.92 $1.1M
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 5,399 $157.92 $852,610
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 400 $156.66 $62,664
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 2,123 $160.57 $340,890
Friedman Gary G CHAIRMAN & CEO July 8, 2026 Sell 5,897 $154.71 $912,325
Friedman Gary G CHAIRMAN & CEO July 7, 2026 Sell 395 $171.11 $67,588
Friedman Gary G CHAIRMAN & CEO July 7, 2026 Sell 7,298 $170.06 $1.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 1 sale of RH shares.

  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 24, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Purchase, $15,001 - $50,000, traded March 19, 2026, filed April 21, 2026
  • Maria Elvira Salazar(R-FL 27):Purchase, $15,001 - $50,000, traded March 19, 2026, filed April 21, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 10, 2026 estimated from the company's past filing pattern, not announced

  • September 10, 2026
  • June 11, 2026
  • March 31, 2026
  • December 11, 2025
  • September 11, 2025
  • June 12, 2025

Recent SEC filings

Data status

When each part of this page on RH was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

RH in brief

What does RH do?
RH is a US-listed company in the homefurnishing retail industry. Its financial year ends in January.
What is RH's stock ticker?
RH trades under the ticker RH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is RH's revenue, and how fast is it growing?
Over its most recent trailing twelve months, RH reported revenue of $3.4B, 3.3% higher than a year earlier, according to its SEC filings.
What is RH's free cash flow?
RH's free-cash-flow margin is 7.3% of revenue over the trailing twelve months, ranking 2 of the 7 homefurnishing retail companies we cover.
Who are RH's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Alyeska Investment Group, L.P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is RH's market cap?
On November 2, 2026, RH's market capitalisation was about $2.9B, with a price-to-earnings ratio of 25.6 and net debt of $2.3B. Market figures come from third-party market data and may be delayed.
Who are RH's competitors?
In our Homefurnishing Retail peer group, the companies closest to RH are Williams-Sonoma, Inc., Arhaus, Inc., Wayfair Inc., Haverty Furniture Companies Inc and Lovesac Co. The side-by-side comparison below sets their revenue, margins and growth against RH's.
Are insiders buying or selling RH stock?
Over the last 12 months, RH's directors and officers reported 3 open-market purchases and 33 sales on Form 4. The insider trading page charts every trade.
When is RH's next earnings date?
Around December 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — RH announces its own schedule.