RH Financials Rh

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Sep 13, 2026, 10:14 UTC Overview →

Growth & profitability

Revenue has grown 3.8% per year over the past 5 years.
Net income has grown slower than revenue (-14.4% vs 3.8% per year).
Operating margin has contracted, at 11.3% in the latest year.
Free cash flow has declined 8.3% per year over the past 5 years.

Financial health

Total debt ($2.4B) exceeds cash ($41M); net debt is $2.4B.
Total debt has grown faster than revenue (129.9% vs 3.8% per year).
Operating income covered interest expense 1.7× in the latest year.
Total debt is 4.5× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$3.4B	$125M	44.1%	11.3%	205.9%	2.6%	$252M	$2.4B	$41M
2025	$3.2B	$72M	44.5%	10.1%	-44.3%	1.6%	-$214M	$2.6B	$30M
2024	$3.0B	$128M	45.9%	12.1%	-42.9%	3.1%	-$67M	$2.4B	$124M
2023	$3.6B	$529M	50.5%	20.1%	67.4%	10.0%	$230M	$2.4B	$1.5B
2022	$3.8B	$689M	49.4%	24.7%	58.8%	12.4%	$477M	$2.0B	$2.2B
2021	$2.8B	$272M	46.5%	16.4%	60.8%	9.4%	$390M	$37M	$100M
2020	$2.6B	$220M	41.4%	13.7%	1181.6%	9.0%	$246M	$53M	$48M
2019	$2.5B	$136M	39.3%	10.4%	-350.8%	5.6%	$170M	—	$6M
2018	$2.4B	-$3M	34.4%	4.8%	31.9%	-0.1%	$406M	$86M	$18M
2017	—	$5M	—	—	0.6%	0.2%	-$90M	—	$87M
2016	—	$91M	—	—	10.3%	4.4%	—	—	$331M
2015	—	$91M	—	—	12.9%	6.0%	—	—	$146M
2014	—	$18M	—	—	3.3%	1.8%	-$6M	—	$13M
2013	—	-$13M	—	—	-2.8%	-1.6%	-$53M	—	$8M
2012	—	$21M	—	—	8.2%	3.5%	-$8M	—	$9M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$922M	$60M	48.2%	11.7%	50.0%	1.2%	$100M	$2.4B	$125M
May '26	$800M	-$14M	41.4%	4.3%	-24.1%	-0.3%	$13M	$2.4B	$54M
Jan '26	$843M	$29M	42.9%	11.5%	47.5%	0.6%	$55M	$2.4B	$41M
Nov '25	$884M	$36M	44.1%	12.0%	1083.8%	0.8%	$83M	$2.4B	$43M
Aug '25	$899M	$52M	45.5%	14.3%	-126.4%	1.1%	$81M	$2.5B	$35M
May '25	$814M	$8M	43.7%	6.9%	-7.3%	0.2%	$34M	$2.6B	$46M
Feb '25	$812M	$14M	44.7%	8.7%	-8.5%	0.3%	-$70M	$2.6B	$30M
Nov '24	$812M	$33M	44.5%	12.5%	-18.1%	0.7%	-$96M	$2.6B	$87M
Aug '24	$830M	$29M	45.2%	11.6%	-12.3%	0.7%	-$38M	$2.4B	$78M
May '24	$727M	-$4M	43.5%	7.5%	1.3%	-0.1%	-$10M	$2.4B	$102M
Feb '24	$738M	$11M	43.5%	8.7%	-3.8%	0.3%	-$251M	$2.4B	$124M
Oct '23	$751M	-$2M	45.3%	6.8%	0.7%	-0.1%	$18M	$2.4B	$381M
Jul '23	$800M	$76M	47.5%	18.9%	-26.9%	1.8%	$114M	$2.4B	$417M
Apr '23	$739M	$42M	47.0%	13.4%	5.0%	0.8%	$53M	$2.4B	$1.5B
Jan '23	$772M	$107M	47.8%	14.5%	13.6%	2.0%	$4M	$2.4B	$1.5B
Oct '22	$869M	$99M	48.4%	19.6%	7.6%	1.7%	$96M	$2.4B	$2.2B
Jul '22	$992M	$122M	52.8%	23.6%	10.0%	2.1%	$23M	—	$2.1B
Apr '22	$957M	$201M	52.1%	21.4%	15.0%	3.4%	$107M	—	$2.2B
Jan '22	$903M	$147M	50.5%	24.1%	12.6%	2.7%	$97M	$2.0B	$2.2B
Oct '21	$1.0B	$184M	50.2%	27.1%	18.3%	3.4%	$145M	—	$2.2B

Valuation over time

How the market has priced RH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 8.7× (Mar '23) to 22.2× (Nov '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 0.8× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is RH growing its revenue and profit?

Over the past 5 years, Rh's revenue has grown 3.8% per year, and net income declined 14.4% per year. These are computed facts, not advice.

How much debt does RH have?

As of FY2026, Rh reported $2.4B of total debt against $41M of cash; operating income covered interest expense 1.7×.

What is RH's profit margin?

In FY2026, gross margin was 44.1%, operating margin 11.3%, and net margin 3.6%.

What is RH's P/E ratio?

Rh's P/E (TTM) is 24.87 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 22.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.