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 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
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
FCF
Total debt
Cash
2026
$3.4B
$125M
44.1%
11.3%
$252M
$2.4B
$41M
2025
$3.2B
$72M
44.5%
10.1%
-$214M
$2.6B
$30M
2024
$3.0B
$128M
45.9%
12.1%
-$67M
$2.4B
$124M
2023
$3.6B
$529M
50.5%
20.1%
$230M
$2.4B
$1.5B
2022
$3.8B
$689M
49.4%
24.7%
$477M
$2.0B
$2.2B
2021
$2.8B
$272M
46.5%
16.4%
$390M
$37M
$100M
2020
$2.6B
$220M
41.4%
13.7%
$246M
$53M
$48M
2019
$2.5B
$136M
39.3%
10.4%
$170M
—
$6M
2018
$2.4B
-$3M
34.4%
4.8%
$406M
$86M
$18M
2017
—
$5M
—
—
-$90M
—
$87M
2016
—
$91M
—
—
—
—
$331M
2015
—
$91M
—
—
—
—
$146M
2014
—
$18M
—
—
-$6M
—
$13M
2013
—
-$13M
—
—
-$53M
—
$8M
2012
—
$21M
—
—
-$8M
—
$9M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
May '26
$800M
-$14M
41.4%
4.3%
$13M
$2.4B
$54M
Jan '26
$843M
$29M
42.9%
11.5%
$55M
$2.4B
$41M
Nov '25
$884M
$36M
44.1%
12.0%
$83M
$2.4B
$43M
Aug '25
$899M
$52M
45.5%
14.3%
$81M
$2.5B
$35M
May '25
$814M
$8M
43.7%
6.9%
$34M
$2.6B
$46M
Feb '25
$812M
$14M
44.7%
8.7%
-$70M
$2.6B
$30M
Nov '24
$812M
$33M
44.5%
12.5%
-$96M
$2.6B
$87M
Aug '24
$830M
$29M
45.2%
11.6%
-$38M
$2.4B
$78M
May '24
$727M
-$4M
43.5%
7.5%
-$10M
$2.4B
$102M
Feb '24
$738M
$11M
43.5%
8.7%
-$251M
$2.4B
$124M
Oct '23
$751M
-$2M
45.3%
6.8%
$18M
$2.4B
$381M
Jul '23
$800M
$76M
47.5%
18.9%
$114M
$2.4B
$417M
Apr '23
$739M
$42M
47.0%
13.4%
$53M
$2.4B
$1.5B
Jan '23
$772M
$107M
47.8%
14.5%
$4M
$2.4B
$1.5B
Oct '22
$869M
$99M
48.4%
19.6%
$96M
$2.4B
$2.2B
Jul '22
$992M
$122M
52.8%
23.6%
$23M
—
$2.1B
Apr '22
$957M
$201M
52.1%
21.4%
$107M
—
$2.2B
Jan '22
$903M
$147M
50.5%
24.1%
$97M
$2.0B
$2.2B
Oct '21
$1.0B
$184M
50.2%
27.1%
$145M
—
$2.2B
Jul '21
$989M
$227M
49.3%
25.2%
$94M
—
$291M
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 24.2× (Jun '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 0.9× (Jun '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?
As of Jun '26, Rh traded at a price-to-earnings ratio of about 24.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.