RH profit margin RH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.
- Net margin, 12 months
- 3.2%
- Operating margin, 12 months
- 10.0%
- Net margin on a year earlier
- +0.0 pts
- Peer median
- 5.4%
Over the twelve months to Aug 1, 2026, RH kept 3.2% of its revenue as net profit, with an operating margin of 10.0% and a gross margin of 44.3%.
Five years earlier its net margin was 15.2%.
The median for 10 specialty retail stocks of a similar size is 5.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.6% | 11.3% | 44.1% |
| FY2024 | 2.3% | 10.1% | 44.5% |
| FY2023 | 4.2% | 12.1% | 45.9% |
| FY2022 | 14.7% | 20.1% | 50.5% |
| FY2021 | 18.3% | 24.7% | 49.4% |
| FY2020 | 9.5% | 16.4% | 46.5% |
| FY2019 | 8.3% | 13.7% | 41.4% |
| FY2018 | 5.4% | 10.4% | 39.3% |
| FY2017 | 0.1% | 5.4% | 34.8% |
| FY2016 | 0.3% | 2.5% | 31.8% |
| FY2015 | 4.3% | 8.8% | 35.7% |
| FY2014 | 4.9% | 8.9% | 37.0% |
| FY2013 | 1.2% | 3.5% | 35.9% |
| FY2012 | −1.1% | −5.8% | 36.6% |
| FY2011 | 2.1% | n/a | 37.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 3.2% | +0.0 pts | 10.0% | |
| Q1 FY26 | 3.0% | +0.4 pts | 10.7% | |
| Q4 FY25 | 3.6% | +1.4 pts | 11.3% | |
| Q3 FY25 | 3.2% | +1.0 pts | 10.6% | |
| Q2 FY25 | 3.2% | +2.1 pts | 10.7% | |
| Q1 FY25 | 2.6% | −0.1 pts | 9.9% | |
| Q4 FY24 | 2.3% | −1.9 pts | 10.1% | |
| Q3 FY24 | 2.2% | −5.0 pts | 10.2% | |
| Q2 FY24 | 1.1% | −9.1 pts | 8.7% | |
| Q1 FY24 | 2.7% | −8.2 pts | 10.7% | |
| Q4 FY23 | 4.2% | −10.5 pts | 12.1% | |
| Q3 FY23 | 7.3% | −8.0 pts | 13.5% |
Against its peers
Companies in Specialty Retail nearest RH's size, closest first, today.
| Company | Profit margin |
|---|---|
| RHRH | 3.2% |
| AAPAdvance Auto Parts | 1.0% |
| GCTGigaCloud Technology | 10.6% |
| ASOAcademy Sports & Outdoors | 6.4% |
| EZPWEzcorp | 10.0% |
| ARHSArhaus | 4.9% |
| SBHSally Beauty | 5.2% |
| BBWIBath & Body Works | 10.8% |
| RVLVRevolve | 5.5% |
| SIGSignet Jewelers | 5.2% |
| SVVSavers Value Village | 1.4% |
| Peer median | 5.4% |
Where RH ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on RH
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.