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Gap vs Ross Stores: revenue, profit, margins and growth compared

Gap brought in $15.4B of revenue in fiscal 2025, Ross Stores $22.8B in fiscal 2025. Revenue changed by +1.9% at Gap and +7.7% at Ross Stores on the year before, so Ross Stores grew faster. Gap kept 5.3% of its revenue as net profit, Ross Stores 9.4%. Free cash flow was $823M at Gap and $2.2B at Ross Stores.

Side by side, latest fiscal year

GAPROST
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$15.4B$22.8B
Revenue growth+1.9%+7.7%
Net income$816M$2.1B
Net margin5.3%9.4%
Free cash flow$823M$2.2B
Free cash flow margin5.4%9.7%
Earnings per share (diluted)$2.13$6.61
Cash$2.6B$4.6B
Debt$1.5B$1.5B
Price to earnings10.235.7
Market value$7.9B$75.7B
Dividend yield3.02%0.69%
Rank by revenue in sector#82 of 778 · Consumer discretionary#51 of 778 · Consumer discretionary

Over the years

Revenue
GAP FY2018: $16.6BGAP FY2019: $16.4BGAP FY2020: $13.8BGAP FY2021: $16.7BGAP FY2022: $15.6BGAP FY2023: $14.9BGAP FY2024: $15.1BGAP FY2025: $15.4BROST FY2018: $15BROST FY2019: $16BROST FY2020: $12.5BROST FY2021: $18.9BROST FY2022: $18.7BROST FY2023: $20.4BROST FY2024: $21.1BROST FY2025: $22.8BFY18FY19FY20FY21FY22FY23FY24FY25
GAP $15.4BROST $22.8B
Net income
GAP FY2018: $1BGAP FY2019: $351MGAP FY2020: -$665MGAP FY2021: $256MGAP FY2022: -$202MGAP FY2023: $502MGAP FY2024: $844MGAP FY2025: $816MROST FY2018: $1.6BROST FY2019: $1.7BROST FY2020: $85.4MROST FY2021: $1.7BROST FY2022: $1.5BROST FY2023: $1.9BROST FY2024: $2.1BROST FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
GAP $816MROST $2.1B
Net margin
GAP FY2018: 6.0%GAP FY2019: 2.1%GAP FY2020: -4.8%GAP FY2021: 1.5%GAP FY2022: -1.3%GAP FY2023: 3.4%GAP FY2024: 5.6%GAP FY2025: 5.3%ROST FY2018: 10.6%ROST FY2019: 10.4%ROST FY2020: 0.7%ROST FY2021: 9.1%ROST FY2022: 8.1%ROST FY2023: 9.2%ROST FY2024: 9.9%ROST FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
GAP 5.3%ROST 9.4%
Revenue growth
GAP FY2019: -1.2%GAP FY2020: -15.8%GAP FY2021: +20.8%GAP FY2022: -6.3%GAP FY2023: -4.7%GAP FY2024: +1.3%GAP FY2025: +1.9%ROST FY2019: +7.0%ROST FY2020: -21.9%ROST FY2021: +50.9%ROST FY2022: -1.2%ROST FY2023: +9.0%ROST FY2024: +3.7%ROST FY2025: +7.7%FY19FY20FY21FY22FY23FY24FY25
GAP +1.9%ROST +7.7%
Free cash flow
GAP FY2018: $676MGAP FY2019: $709MGAP FY2020: -$155MGAP FY2021: $115MGAP FY2022: -$78MGAP FY2023: $1.1BGAP FY2024: $1BGAP FY2025: $823MROST FY2018: $1.7BROST FY2019: $1.6BROST FY2020: $1.8BROST FY2021: $1.2BROST FY2022: $1BROST FY2023: $1.8BROST FY2024: $1.6BROST FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
GAP $823MROST $2.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Gap and Ross Stores

Which is bigger by revenue, Gap or Ross Stores?

Ross Stores is bigger by revenue: $22.8B in fiscal 2025, against $15.4B for Gap in fiscal 2025.

Which keeps more of its revenue as profit, Gap or Ross Stores?

Gap had a net margin of 5.3% in fiscal 2025; Ross Stores had 9.4% in fiscal 2025.

Which grew revenue faster, Gap or Ross Stores?

In their latest fiscal years revenue changed by +1.9% at Gap and +7.7% at Ross Stores.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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