RH
Curates home furnishings and Waterworks through galleries, membership, design services and hospitality.
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Profile
Curates home-furnishings concepts and Waterworks products through galleries, digital channels and print channels. The business blends membership, interior-design services and hospitality, and reports RH Segment and Waterworks as its segments.
Curates home furnishings through RH Interiors, RH Modern, RH Outdoor, RH Beach House, RH Ski House, RH Baby & Child, RH Teen and Waterworks. Collections are presented through company-controlled galleries, digital channels and print channels.
Galleries combine product presentation with interior-design services and hospitality, including restaurants and wine bars. The RH Members Program supplies product discounts, design-service benefits and financing-plan eligibility. Core RH-business sales are member-centered.
The RH Segment and Waterworks are the reportable business segments. International gallery expansion and initiatives in galleries, real estate and new businesses require significant capital.
Company facts
Key statistics
Year to date −22.7% · Average volume (30d) 699.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 8, 2026 | Goldman Sachs | Reiterate | Neutral | $276 | $155 |
| Jun 12, 2026 | Stifel Nicolaus | Target | $165 | $130 | |
| Jun 12, 2026 | Robert W. Baird | Target | $180 | $150 | |
| Jun 12, 2026 | Wells Fargo | Reiterate | Overweight | $160 | $175 |
| Jun 9, 2026 | UBS | Reiterate | Neutral | $160 | $155 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 11, 2026Q1 FY26 | −$2.12 | −$1.97 | +7.1% | $792.5M | $800.3M | +1.0% | −3.94% |
| Mar 31, 2026Q4 FY25 | $2.21 | $1.53 | −30.8% | $873.2M | $842.6M | −3.5% | −19.29% |
| Dec 11, 2025Q3 FY25 | $2.12 | $1.71 | −19.3% | $883.5M | $883.8M | 0.0% | +5.67% |
| Sep 11, 2025Q2 FY25 | $3.19 | $2.93 | −8.2% | $900.1M | $899.2M | −0.1% | −4.60% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $812.4M | $814.0M | $899.2M | $883.8M | $842.6M | $800.3M | |
| Gross profit | $362.8M | $355.3M | $409.3M | $389.7M | $361.4M | $331.3M | |
| Operating income | $90.1M | $54.7M | $134.4M | $104.7M | $96.6M | $34.2M | |
| Net income | $13.9M | $8.0M | $51.7M | $36.3M | $28.8M | −$13.7M | |
| Diluted EPS | $0.69 | $0.40 | $2.62 | $1.83 | $1.46 | −$0.73 | |
| Gross margin | 44.7% | 43.7% | 45.5% | 44.1% | 42.9% | 41.4% | |
| Operating margin | 11.1% | 6.7% | 15.0% | 11.9% | 11.5% | 4.3% |
Fiscal years (4-quarter sums)FY21 $3.76B · FY22 $3.59B · FY23 $3.03B · FY24 $3.18B · FY25 $3.44B
Revenue by product · Q1 FY26
Balance sheet, May 2, 2026Cash & short-term investments $53.8M · Total debt $3.85B · Total assets $4.95B · Shareholders' equity $56.9M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 18.90M · Float 13.82M · 73.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Gary G. Friedman | 4.93M | 23.88% | 13D | Jul 9, 2026 |
| FMR LLC | 2.84M | 15.00% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 1.98M | 10.47% | 13F | Aug 7, 2026 |
| Alyeska Investment Group, L.P. | 1.71M | 9.04% | 13F | Aug 14, 2026 |
| G1 Execution Services, LLC | 994.4K | 5.30% | 13G | Nov 13, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 10, 2026 | Mark S. Demilio | director | −2,445 | $168.44 |
| Jul 8, 2026 | Gary G. Friedman | director, 10 percent owner, officer: CHAIRMAN & CEO | −48,238 | $158.66 |
| Jul 7, 2026 | Gary G. Friedman | director, 10 percent owner, officer: CHAIRMAN & CEO | −7,693 | $170.12 |
| Jul 6, 2026 | Gary G. Friedman | director, 10 percent owner, officer: CHAIRMAN & CEO | −69,069 | $169.48 |
| Jun 29, 2026 | Carlos Alberini | director | +11,388 | $160.90 |
Peers
- Williams-Sonoma
Premium home brands across whole-home furnishings and décor
- Arhaus
Premium home furnishings with showrooms and interior design
- Ethan Allen Interiors
Luxury whole-home furnishings and complimentary interior design
- MillerKnoll
Modern design furnishings sold through Design Within Reach
- Wayfair
Luxury home marketplace Perigold plus broad online furniture retail
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RH | $149.25 | −0.15% | $2.83B | 28.9 | 23.7 | 0.8 | −1.7% |
| Williams-Sonoma | $235.06 | −0.02% | $27.68B | 24.1 | 23.9 | 3.5 | +6.7% |
| Arhaus | $8.98 | +0.11% | $1.27B | 18.1 | 17.9 | 0.7 | +7.4% |
| Ethan Allen Interiors | $23.48 | 0.00% | $597.2M | 15.0 | 19.3 | 1.0 | −8.5% |
| MillerKnoll | $23.24 | +0.52% | $1.58B | 17.5 | 11.5 | 0.4 | +4.4% |
| Wayfair | $104.07 | +0.32% | $14.21B | — | 30.7 | 1.1 | +7.5% |
| Median | 17.8 | 19.3 | 1.0 | +6.7% |







