Ross Stores, Inc. — Earnings Quality Grade C
ROST · Consumer Cyclical
Some red flags
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 3 days, change +0 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 7.7%, CFFO 28.4%. Cash follows revenue
Expense Quality
Inventory 7.6% vs COGS 7.8%. Normal
CapEx growth 13.8% vs revenue 7.7%. Normal
SG&A/Gross Profit = 57.0%. Normal
Gross margin 27.7%, change -0.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.41. Profits backed by cash
FCF $2.2B, FCF/NI = 1.03
Accruals ratio = -5.7%. Low accruals
Cash $4.6B covers 88% of debt $5.2B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 1.5x. Healthy
Other assets -1.2% vs revenue 7.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.49 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25