RH on NYSE

Restoration Hardware

Logo: RH (company), Public domain, via Wikimedia Commons4

American home furnishings company

RH (formerly Restoration Hardware) is an American home furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$3.4BRevenue, fiscal 20265
$124.8MNet income, fiscal 20265
1979Founded1

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  • TickerRH on NYSE1
  • Industryretail1
  • HeadquartersCorte Madera1
  • Websiterh.com
  • Legal formDelaware corporation1

RH (formerly Restoration Hardware) is an American home furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

44.1%Gross margin5
11.3%Operating margin5
3.6%Net margin5
8.1%Revenue growth, 20265
205.9%Return on equity5
$252.4MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

RH brought in 94% of the revenue Restoration Hardware broke down this way in fiscal 2026.

  1. RH$3.2B594%up 8% from 2025
  2. Waterworks$198.1M56%up 3% from 2025
Business segments by year
Business segments202420252026
RH$2.8B$3.0B$3.2B
Waterworks$193.5M$192.9M$198.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue56¢$1.9B
  • Selling, general and admin33¢$1.1B
  • Other costs6¢$215.3M
  • Income tax1¢$47.2M
  • Profit4¢$124.8M

Out of $3.4B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending44¢$199.8M
  • Kept or used elsewhere56¢$252.4M

Out of $452.2M of cash from operations.5

Financial statements

Revenue789105$3.4B in 2026+37% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.5B$2.5B20192020: $2.6B$2.6B2020+6%2021: $2.8B$2.8B2021+8%2022: $3.8B$3.8B2022+32%2023: $3.6B$3.6B2023−4%2024: $3.0B$3.0B2024−16%2025: $3.2B$3.2B2025+5%2026: $3.4B$3.4B2026+8%
Gross profit111289105$1.5B in 2026+54% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $985.6M$985.6M20192020: $1.1B$1.1B2020+11%2021: $1.3B$1.3B2021+21%2022: $1.9B$1.9B2022+40%2023: $1.8B$1.8B2023−2%2024: $1.4B$1.4B2024−23%2025: $1.4B$1.4B2025+2%2026: $1.5B$1.5B2026+7%
Operating income111289105$387.3M in 2026+48% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $261.7M$261.7M20192020: $362.8M$362.8M2020+39%2021: $466.9M$466.9M2021+29%2022: $927.2M$927.2M2022+99%2023: $722.2M$722.2M2023−22%2024: $366.1M$366.1M2024−49%2025: $322.6M$322.6M2025−12%2026: $387.3M$387.3M2026+20%
Net income111289105$124.8M in 2026−8% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $135.7M$135.7M20192020: $220.4M$220.4M2020+62%2021: $271.8M$271.8M2021+23%2022: $688.5M$688.5M2022+153%2023: $528.6M$528.6M2023−23%2024: $127.6M$127.6M2024−76%2025: $72.4M$72.4M2025−43%2026: $124.8M$124.8M2026+72%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-01-312025-01-312024-01-31
Net revenues$3.4B$3.2B$3.0B
Cost of goods sold$1.9B$1.8B$1.6B
Gross profit$1.5B$1.4B$1.4B
Selling, general and administrative expenses$1.1B$1.1B$1.0B
Operating income$387.3M$322.6M$366.1M
Interest expense-net$225.4M$230.6M$198.3M
Other (income) expense-net-$5.0M$3.4M$1.1M
Total other expenses$220.3M$234.0M$199.4M
Income before taxes and equity method investments$166.9M$88.6M$166.7M
Income tax expense$47.2M$4.8M$28.3M
Income before equity method investments$119.8M$83.8M$138.4M
Share of equity method investments net (income) loss-$5.0M$11.4M$10.9M
Net income$124.8M$72.4M$127.6M
Weighted-average shares used in computing basic net income per share18.8M shares18.5M shares19.9M shares
Basic net income per share$6.65$3.92$6.42
Weighted-average shares used in computing diluted net income per share19.8M shares20.0M shares21.6M shares
Diluted net income per share$6.31$3.62$5.91

Compare Restoration Hardware with another company

The story

Stephen Gordon founded Restoration Hardware in Eureka, California, in 1979 while restoring a Victorian home and finding affordable, high-quality hardware and fixtures unavailable. The company expanded slowly in Northern California and Boston before raising outside capital from Cardinal Investments which allowed it to accelerate its expansion. The company had 47 stores when it went public in 1998, ending the year at over 65 stores. It then expanded to over 100 stores in 31 states, with $369.5 million in net sales by 2001.

In 2001, Gary Friedman joined the company from Williams-Sonoma as Chief Executive Officer after being passed over for the CEO position at Williams-Sonoma by Howard Lester. Restoration Hardware's sales were waning and the company was seeking additional capital. In 2005, Gordon left the company in order to take over as CEO of Robert Redford's Sundance Catalog Company. In 2007, Sears Holdings Corporation purchased 13.7% of the share of Restoration Hardware, prompting speculation that Sears might attempt a full takeover. After the United States housing bubble burst, the company was slated to close two stores in 2008, including the original store located in Old Town Eureka, and open one in Canada. In June 2008, the company completed the transaction without Sears Holding, but instead with Catterton Partners.

Catterton took Restoration Holdings private on June 18, 2008. That year, the company also launched its baby-and-child line. In 2012, Restoration Hardware underwent an initial public offering, trading at $24 a share at its opening. The company was renamed RH, and trades on the New York Stock Exchange under the symbol RH. In 2007, about 65% of the company's products were made outside the US, particularly from contract manufacturers in southern China. The company is the largest importer of Belgian Linen in the United States.

RH created a small spaces line in 2012, composed of furnishings scaled down for smaller living spaces. The 2014 Small Spaces source book depicts 18 different smaller-scale homes in the United States and Europe. In 2013, RH also released the Objects of Curiosity source book, showing character pieces, artifacts, and unique décor. The tableware line was released in 2013.

In 2012, the company was accused of copying the designs of other companies, specifically those used for the US military. On March 7, 2013, RH opened a gallery in Boston's Back Bay in an 1864 brick and brownstone structure at 234 Berkeley Street. In May 2013, the company announced a multichannel RH contemporary art platform when it acquired the first edition of Rain Room by Random International with exclusive showing rights in North America. RH loaned Rain Room to the Museum of Modern Art in New York for the U.S. premier of EXPO 1: New York from mid-May through July 2013. In 2014, RH opened a 70,000 square foot store which Atlanta magazine called RH's "next-generation full-line design gallery", which includes amenities like a 50-foot infinite pool.

RH operates six stores in Canada: one full-line design gallery at Yorkdale Shopping Centre in Toronto, three galleries and two outlets.

In February 2023, it was reported that D1 Capital Partners owns 7.4% of RH.

From Wikipedia’s article on RH (company), shared under CC BY-SA 4.0.6

Leadership

Who has led Restoration Hardware, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Chris Newman2006–2008

Chief operating officer

  1. Kenneth J. Dunaj2006–2008
19801990200020102020
Board members and other officers (12)

Timeline

  1. Jun 14, 2006New chief executive Gary G. Friedman becomes CEO15
  2. Apr 2, 1998Parent Directly consolidated by RH30
  3. 1979Founded Founded1

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC2,835,135$467.0M0.0%+39,537
BlackRock, Inc.1,978,271$325.9M0.0%+581,710
Alyeska Investment Group, L.P.1,708,997$281.5M0.7%+72,674
Vanguard Portfolio Management LLC778,415$128.2M0.0%+124,473
Two Sigma Investments, LP763,447$125.8M0.1%+486,695
Vanguard Capital Management LLC688,225$113.4M0.0%+8,160
UBS Group AG619,174$102.0M0.0%−91,559
State Street Corp586,543$96.6M0.0%+114,330
Morgan Stanley466,072$76.8M0.0%−67,432
Geode Capital Management, LLC414,947$68.4M0.0%+127,548
Goldman Sachs Group Inc399,645$65.8M0.0%+254,251
Charles Schwab Investment Management Inc315,262$51.9M0.0%+45,776
Senvest Management, LLC312,051$51.4M1.5%−324,168
Valiant Capital Management, L.P.301,276$49.6M3.1%No change
Marshall Wace, Llp295,133$48.6M0.0%+243,132
Dimensional Fund Advisors LP292,547$48.2M0.0%−23,564
Millennium Management LLC287,226$47.3M0.0%−269,007
D. E. Shaw & Co., Inc.260,485$42.9M0.0%+232,913
Jacobs Levy Equity Management, Inc258,052$42.5M0.2%+9,620
Balyasny Asset Management L.P.232,674$38.3M0.1%+231,764
Citadel Advisors LLC216,524$35.7M0.0%+118,633
Point72 Asset Management, L.P.212,398$35.0M0.1%−429,201
Capital World Investors207,543$34.2M0.0%+5,809
Northern Trust Corp203,976$33.6M0.0%+70,467
Bank of New York Mellon Corp203,848$33.6M0.0%−56,121

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 24, 2026Maria Elvira SalazarRepublican, HousePartial sale$1,001 - $15,000+3.4%Report
Mar 19, 2026Maria Elvira SalazarRepublican, HouseBuy$15,001 - $50,000−29.4%Report
Mar 19, 2026Maria Elvira SalazarRepublican, HouseBuy$15,001 - $50,000−29.4%Report
Apr 4, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−71.9%Report
Apr 3, 2023Tommy TubervilleRepublican, SenateSale$1,001 - $15,000+139.1%Report
Oct 6, 2022Tommy TubervilleRepublican, SenateBuy$1,001 - $15,000−162.4%Report
May 5, 2022Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000−148.4%Report
Mar 4, 2022Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000−146.5%Report
Apr 1, 2021Thomas R. SuozziDemocratic, HouseSale$50,001 - $100,000+172.9%Report
Mar 1, 2021Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000−174.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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