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RH

RH on NYSE. RH sells furniture, lighting, decor and other home goods to household customers. Market value $2.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Retail & consumer stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to July 2026
11.3%very high

For every $100 of what the whole company costs, it produced $11.29 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to July 2026
13.0×fair

You pay 13.0 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to January 2026
14.5%five-year median

Each dollar kept in the business earns 15 cents a year. Above 10 is good.

Quality score: 62 of 100. Price score: 92 of 100. Our list needs 70 on quality and 60 on price.

$117.16 a share, 10% above its 1-year low

Over the past year the price has ranged from $106.30 to $239.40.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.5
0.2
-0.1
-0.2
0.3
0.3
2022202320242025202612 monthsto Jul '26
Revenue
$3.8bn$3.6bn$3.0bn$3.2bn$3.4bn
Operating margin
24.7%20.1%12.1%10.1%11.3%
Debt to equity
1.703.10n/an/a39.58
Shares outstanding
0.02bn0.02bn0.02bn0.02bn0.02bn

Health checks

  • Free cash flow positive3 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt39.58× equity
  • Revenue growth, five yearsSlow, 3.8% a year
  • Buying back its own sharesYes, 20% fewer since 2022

The quarter to July 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $922 million last quarter, up 3% on a year ago.
  • Profit: $60 million, up 16% on a year ago.
  • It keeps 10 cents of each $1 of sales as operating profit, down from 11 cents a year earlier.
  • Spare cash over the past 12 months: $251 million. A year earlier it spent $51 million more than it brought in.
  • About the same number of shares as a year ago.
  • Debt is $2.2 billion more than cash, down from $2.5 billion a year ago.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
October 2024$812m
January 2025$812m
April 2025$814m
July 2025$899m
October 2025$884m
January 2026$843m
April 2026$800m
July 2026$922m
Profit by quarter
Profit by quarter
Quarter toAmount
October 2024$33m
January 2025$14m
April 2025$8m
July 2025$52m
October 2025$36m
January 2026$29m
April 2026-$14m
July 2026$60m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
1 April 2026
Next quarterly (estimated, 10-Q)
10 December 2026

Who owns it

2 long-term investors we follow own it, down from 4 last quarter. 372 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • Gary G. Friedman
    Insider or founder
    23.9%
    Since 8 July 2026
    What they said

    This Amendment No. 11 to Schedule 13D relates to the common stock (the "Common Stock") of RH (the "Issuer") and amends the initial statement on Schedule 13D filed by the undersigned on February 14, 2018 (as amended on December 12, 2019, October 21, 2020, April 4, 2022, September…

    Read the filing
  • BlackRock, Inc.
    Passive investor
    9.9%
    Since 30 June 2026
  • at least 8.7%
    (filed with 2 related holders)
    Since 31 March 2026
  • G1 Execution Services, LLC
    Passive investor
    at least 5.3%
    (filed with 2 related holders)
    Since 30 September 2025
  • Citadel Securities GP LLC
    Passive investor
    at least 3.6%−1.4 pts
    (filed with 6 related holders)
    Since 30 June 2026
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $2m of shares on the open market. 3 sold $26m.

  • DEMILIO MARK S
    Director
    Sold
    Date
    22 September 2026
    Shares
    1,000
    Price
    $132.00
    Value
    $132,000
  • DEMILIO MARK S
    Director
    Sold
    Date
    10 July 2026
    Shares
    2,445
    Price
    $168.44
    Value
    $411,826
  • FRIEDMAN GARY G
    CHAIRMAN & CEO, Director
    Sold
    Date
    8 July 2026
    Shares
    48,238
    Price
    $158.66
    Value
    $8m
  • FRIEDMAN GARY G
    CHAIRMAN & CEO, Director
    Sold
    Date
    7 July 2026
    Shares
    7,693
    Price
    $170.12
    Value
    $1m
  • FRIEDMAN GARY G
    CHAIRMAN & CEO, Director
    Sold
    Date
    6 July 2026
    Shares
    69,069
    Price
    $169.48
    Value
    $12m
  • ALBERINI CARLOS
    Director
    Bought
    Date
    29 June 2026
    Shares
    11,388
    Price
    $160.90
    Value
    $2m
  • DEMILIO MARK S
    Director
    Sold
    Date
    18 June 2026
    Shares
    3,102
    Price
    $144.00
    Value
    $446,688
  • DEMILIO MARK S
    Director
    Sold
    Date
    16 June 2026
    Shares
    2,202
    Price
    $150.00
    Value
    $330,300
  • Chaya Eri
    SEE REMARKS, Director
    Sold
    Date
    31 March 2026
    Shares
    11,000
    Price
    $137.92
    Value
    $2m
  • Chaya Eri
    SEE REMARKS, Director
    Sold
    Date
    24 March 2026
    Shares
    7,000
    Price
    $129.42
    Value
    $905,948

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It carries a lot of debt: 39.6× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.