Financials RH

Stocks

RH

US74967X1037

Home Furnishings Retailers

Market Closed - NYSE 21:01:26 11/09/2026 BST			5-day change	1st Jan Change
134.07 ^USD	+0.04%		-9.41%	-25.16%

09-11	RH Margin Pressure Persists, All Eyes on Estates Rollout, BofA Says	MT
09-11	UBS Adjusts Price Target on RH to $154 From $155, Keeps Neutral Rating	MT

Projected Income Statement: RH

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	3,759	3,590	3,029	3,181	3,440	3,639	3,974	4,324
Change	-	-4.48%	-15.63%	5.01%	8.14%	5.81%	9.2%	8.8%
EBITDA ¹	1,087	930.5	550.9	539.1	596.5	571.1	646.5	800.3
Change	-	-14.42%	-40.79%	-2.15%	10.65%	-4.26%	13.21%	23.78%
EBIT ¹	962.6	789.8	393.8	358.2	391.5	340.7	424.8	521.7
Change	-	-17.95%	-50.14%	-9.03%	9.28%	-12.99%	24.69%	22.83%
Interest Paid ¹	-64.95	-113.2	-198.3	-230.6	-225.4	-200.5	-183.6	-136.7
Earnings before Tax (EBT) ¹	830.3	439.3	166.7	88.59	166.9	150.6	231.9	346.4
Change	-	-47.09%	-62.06%	-46.86%	88.44%	-9.81%	54.02%	49.4%
Net income ¹	688.5	528.6	127.6	72.41	124.8	133.5	177.1	211
Change	-	-23.22%	-75.87%	-43.23%	72.33%	7%	32.64%	19.12%
Announcement Date	29/03/22	29/03/23	27/03/24	02/04/25	31/03/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3	2028 Q4
Net sales ¹	1,006	902.7	957.3	991.6	869.1	772.5	739.2	800.5	751.2	738.3	727	829.7	811.7	812.4	814	899.2	883.8	842.6	800.3	922.2	933.5	989.5	901.2	1,029	1,018	1,028
Change	-	-10.3%	6.04%	3.59%	-12.36%	-11.11%	-4.32%	8.3%	-6.15%	-1.73%	-1.53%	14.13%	-2.16%	0.08%	0.19%	10.47%	-1.71%	-4.66%	-5.02%	15.22%	1.23%	6%	-8.92%	14.18%	-1.07%	0.99%
EBITDA ¹	310.7	258	269.6	279.8	216.2	164.9	146.7	197.9	93.53	112.8	89.13	142.6	168.5	138.8	106.4	185.1	155.8	149.1	56.91	178.5	123.7	199.3	95.11	156.1	178.7	217.7
Change	-	-16.96%	4.5%	3.8%	-22.74%	-23.73%	-11.04%	34.96%	-52.75%	20.6%	-20.98%	60%	18.19%	-17.64%	-23.32%	73.93%	-15.83%	-4.28%	-61.84%	213.74%	-30.73%	61.09%	-52.26%	64.08%	14.49%	21.83%
EBIT ¹	278.7	227	236.5	234.4	180.3	128.2	110.4	161.4	55.16	66.87	47.24	96.99	121.9	92.14	56.76	135.6	102.6	96.55	2.575	121.2	71.19	148.3	30.68	113.9	122.4	151.2
Change	-	-18.55%	4.19%	-0.89%	-23.06%	-28.91%	-13.9%	46.17%	-65.81%	21.22%	-29.36%	105.33%	25.66%	-24.4%	-38.4%	138.93%	-24.38%	-5.85%	-97.33%	4,607.3%	-41.27%	108.36%	-79.32%	271.26%	7.49%	23.52%
Charge d'intérêts ¹	-9.2	-24.84	-20.86	-26.26	-31.42	-34.67	-39.82	-44.42	-54.64	-59.42	-56.77	-59.26	-57.59	-56.98	-56.6	-57.36	-57.15	-54.26	-52.66	-50.99	-49.98	-49.23	-47.06	-46.4	-45.5	-44.84
Earnings before Tax (EBT) ¹	240.8	182.8	38.66	181.5	136.8	82.34	60.08	107.1	-8.709	8.225	-3.274	37.53	43.85	10.49	2.961	72.09	48.08	43.8	-19.16	58.44	15.43	102	8	50.5	35.5	118
Change	-	-24.09%	-78.85%	369.46%	-24.6%	-39.83%	-27.04%	78.28%	-108.13%	194.44%	-139.81%	1,246.24%	16.85%	-76.09%	-71.76%	2,334.72%	-33.3%	-8.91%	-143.74%	405.04%	-73.59%	561.12%	-92.16%	531.25%	-29.7%	232.39%
Net income ¹	184.1	147	200.7	122.3	98.76	106.9	41.89	76.48	-2.187	11.38	-3.625	28.95	33.17	13.92	8.039	51.71	36.26	28.78	-13.7	60.17	17.21	81.94	6	38.5	27	90.5
Change	-	-20.13%	36.5%	-39.08%	-19.23%	8.24%	-60.81%	82.57%	-102.86%	620.39%	-131.85%	898.68%	14.56%	-58.04%	-42.24%	543.21%	-29.87%	-20.65%	-147.6%	539.27%	-71.4%	376.22%	-92.68%	541.67%	-29.87%	235.19%
Announcement Date	08/12/21	29/03/22	02/06/22	08/09/22	08/12/22	29/03/23	25/05/23	07/09/23	07/12/23	27/03/24	13/06/24	12/09/24	12/12/24	02/04/25	12/06/25	11/09/25	11/12/25	31/03/26	11/06/26	10/09/26	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: RH

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt ¹	22.4	937	2,367	2,594	2,378	2,087	1,680	1,232
Change	-	4,083.04%	152.61%	9.59%	-8.33%	-12.23%	-19.5%	-26.67%
Announcement Date	29/03/22	29/03/23	27/03/24	02/04/25	31/03/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: RH

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	185.4	173.6	269.4	230.8	199.8	223.4	171.2	179.6
Change	-	-6.33%	55.12%	-14.32%	-13.41%	11.8%	-23.4%	4.92%
Free Cash Flow (FCF) ¹	476.7	230	-67.14	-213.7	252.4	194.4	206.8	227
Change	-	-51.75%	-129.19%	-218.27%	218.11%	-22.99%	6.37%	9.79%
Announcement Date	29/03/22	29/03/23	27/03/24	02/04/25	31/03/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: RH

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	28.93%	25.91%	18.19%	16.95%	17.34%	15.69%	16.27%	18.51%
EBIT Margin (%)	25.61%	22%	13%	11.26%	11.38%	9.36%	10.69%	12.07%
EBT Margin (%)	22.09%	12.24%	5.5%	2.79%	4.85%	4.14%	5.83%	8.01%
Net margin (%)	18.32%	14.72%	4.21%	2.28%	3.63%	3.67%	4.46%	4.88%
FCF margin (%)	12.68%	6.41%	-2.22%	-6.72%	7.34%	5.34%	5.2%	5.25%
FCF / Net Income (%)	69.24%	43.52%	-52.64%	-295.11%	202.26%	145.57%	116.74%	107.6%
Profitability
ROA	18.17%	9.74%	2.7%	1.66%	2.66%	2.49%	4.03%	6.7%
ROE	94.79%	54.08%	52.36%	-	-	68.12%	44.79%	37.17%
Financial Health
Leverage (Debt/EBITDA)	0.02x	1.01x	4.3x	4.81x	3.99x	3.65x	2.6x	1.54x
Debt / Free cash flow	0.05x	4.07x	-35.26x	-12.14x	9.42x	10.74x	8.12x	5.43x
Capital Intensity
CAPEX / Current Assets (%)	4.93%	4.84%	8.89%	7.26%	5.81%	6.14%	4.31%	4.15%
CAPEX / EBITDA (%)	17.05%	18.66%	48.89%	42.81%	33.5%	39.12%	26.47%	22.44%
CAPEX / FCF (%)	38.89%	75.48%	-401.17%	-108%	79.18%	114.95%	82.78%	79.11%
Items per share
Cash flow per share ¹	21.28	15.2	9.362	0.8551	22.85	18.51	15.39	22.3
Change	-	-28.58%	-38.4%	-90.87%	2,572.27%	-19%	-16.84%	44.88%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	55.02	33.36	-16.24	-8.736	3.22	8.086	13.85	25.34
Change	-	-39.37%	-148.68%	46.2%	136.86%	151.11%	71.32%	82.95%
EPS ¹	22.13	19.9	5.91	3.62	6.31	6.887	7.827	10.29
Change	-	-10.08%	-70.3%	-38.75%	74.31%	9.15%	13.65%	31.51%
Nbr of stocks (in thousands)	21,469	23,064	18,219	18,603	18,778	18,933	18,933	18,933
Announcement Date	29/03/22	29/03/23	27/03/24	02/04/25	31/03/26	-	-	-