RH RH
RH (collectively, "we," "us," or the "Company") is a leading retailer and luxury lifestyle brand operating primarily in the home furnishings market. Our curated and fully integrated assortments are presented consistently across our sales channels, including our retail locations, websites and Sourcebooks. We offer merchandise assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and baby, child and teen furnishings. Our retail business is fully integrated across our multiple channels of distribution. We position our Galleries as showrooms for our brand, while our websites and Sourcebooks act as virtual and print extensions of our physical spaces, respectively. We operate our retail locations throughout the United States, Canada and Europe, and we have an integrated RH Hospitality experience in 25 of our Design Gallery locations, which includes restaurants and wine bars.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.44B | $3.18B | $3.03B | $3.59B | $3.76B | $2.85B | $2.65B | $2.51B | $2.44B | $2.13B |
| Cost of revenue | $1.92B | $1.77B | $1.64B | $1.78B | $1.90B | $1.52B | $1.55B | $1.52B | $1.60B | $1.46B |
| Gross profit | $1.52B | $1.41B | $1.39B | $1.81B | $1.86B | $1.33B | $1.10B | $985.6M | $839.3M | $679.8M |
| SG&A | $1.13B | $1.09B | $1.02B | $1.09B | $928.2M | $858.7M | $732.2M | $723.8M | $722.2M | $626.8M |
| Operating income | $387.3M | $322.6M | $366.1M | $722.2M | $927.2M | $466.9M | $362.8M | $261.7M | $117.1M | $53.0M |
| Interest expense | $228.2M | $234.5M | $237.9M | $151.7M | $66.9M | $69.2M | $87.2M | $67.8M | $56.0M | $44.5M |
| Pre-tax income | $166.9M | $88.6M | $166.7M | $437.3M | $822.1M | $376.4M | $269.2M | $161.0M | $22.5M | $8.6M |
| Income tax | $47.2M | $4.8M | $28.3M | $91.4M | $133.6M | $104.6M | $48.8M | $25.2M | $25.1M | $3.2M |
| Net income | $124.8M | $72.4M | $127.6M | $528.6M | $688.5M | $271.8M | $220.4M | $135.7M | -$2.6M | $5.4M |
| EPS, basic | 6.65 | 3.92 | 6.42 | 22.47 | 32.37 | 13.82 | 11.55 | 6.28 | -0.10 | 0.13 |
| EPS, diluted | 6.31 | 3.62 | 5.91 | 19.90 | 22.13 | 9.96 | 9.07 | 5.12 | -0.10 | 0.13 |
| Shares, diluted (wtd. avg.) | $19.8M | $20.0M | $21.6M | $26.6M | $31.1M | $27.3M | $24.3M | $26.5M | $27.1M | $40.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $41.2M | $30.4M | $123.7M | $1.51B | $2.18B | $100.4M | $47.7M | $5.8M | $17.9M | $87.0M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $142.7M |
| Receivables | $63.4M | $63.5M | $55.1M | $59.8M | $57.9M | $59.5M | $49.0M | $40.2M | $31.4M | $34.2M |
| Total current assets | $1.11B | $1.29B | $1.10B | $2.51B | $3.09B | $801.5M | $597.0M | $704.0M | $644.9M | $1.14B |
| Property, plant and equipment | $2.16B | $1.88B | $1.69B | $1.64B | $1.23B | $1.08B | $967.6M | $953.0M | $800.7M | $682.1M |
| Goodwill | $144.2M | $140.9M | $141.0M | $141.0M | $141.1M | $141.1M | $124.4M | $124.4M | $141.9M | $173.6M |
| Other intangibles | — | — | — | — | — | — | — | $86.0M | — | $16.0K |
| Total assets | $4.84B | $4.55B | $4.14B | $5.31B | $5.54B | $2.90B | $2.45B | $2.42B | $1.73B | $2.19B |
| Accounts payable | $197.7M | $245.3M | $192.3M | $166.1M | $242.0M | $224.9M | $180.7M | $183.0M | $195.3M | $134.7M |
| Short-term debt | — | — | — | $1.2M | $13.6M | $22.7M | $22.0M | $892.0K | $6.0M | — |
| Total current liabilities | $930.6M | $905.1M | $872.9M | $886.0M | $1.06B | $921.6M | $982.9M | $992.6M | $519.3M | $416.2M |
| Long-term debt | — | — | — | — | $1.1M | $14.6M | $31.1M | — | $79.5M | — |
| Total liabilities | $4.78B | $4.72B | $4.44B | $4.52B | $4.37B | $2.45B | $2.43B | $2.46B | $1.74B | $1.27B |
| Retained earnings | -$386.1M | -$510.9M | -$583.3M | $540.0M | $551.1M | -$137.4M | -$409.3M | -$392.5M | $152.4M | $150.2M |
| Total equity | $60.6M | -$163.6M | -$297.4M | $784.7M | $1.17B | $447.0M | $18.7M | -$38.7M | -$8.2M | $923.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $452.2M | $17.1M | $202.2M | $403.7M | $662.1M | $500.8M | $339.2M | $249.6M | $474.5M | $80.5M |
| Depreciation and amortisation | $84.0M | $76.0M | $64.0M | $56.0M | $52.0M | $59.0M | $64.0M | $62.6M | $63.7M | $56.9M |
| Stock-based compensation | $43.9M | $44.2M | $39.4M | $43.5M | $48.5M | $145.7M | $21.8M | $24.0M | $50.7M | $29.2M |
| Capital expenditure | $199.8M | $230.8M | $269.4M | $173.6M | $185.4M | $111.1M | $93.6M | $80.0M | $68.4M | $170.0M |
| Investing cash flow | -$223.7M | -$240.4M | -$307.4M | -$171.1M | -$194.4M | -$197.6M | -$122.5M | -$80.0M | $122.5M | -$310.5M |
| Financing cash flow | -$219.4M | $130.6M | -$1.28B | -$902.5M | $1.61B | -$243.9M | -$174.8M | -$189.0M | -$686.9M | -$2.2M |
| Buybacks | — | $12.0M | $1.25B | $1.00B | — | $72.0K | $250.0M | $250.0M | $1.00B | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-054988.
Others in SIC 5712
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ARHS | Arhaus, Inc. | $1.24B | 18.2x | 8.5% |
| LOVE | Lovesac Co | $244.3M | 59.6x | 2.4% |
| HVT | HAVERTY FURNITURE COMPANIES INC | — | — | 5.0% |
| HTLM | HomesToLife Ltd | — | — | 12.8% |