Rh (RH) Operating Margin (2011 - 2026)

Rh (RH) posted quarterly Operating Margin of 4.28% for Q2 2026, down 259.0% year-over-year from 2.69% in Q2 2025, and up 114.1% on a QoQ basis from 30.34% in Q1 2026.

Rh (RH) Operating Margin (2011 - 2026) Analysis & Trends

Rh (RH) has reported Operating Margin for 16 consecutive years, with 4.28% the latest figure, recorded in Q2 2026.

  • In Q2 2026, Operating Margin fell 259.0% year-over-year to 4.28%; the TTM figure through May 2026 stood at 0.39% (down 952.0% YoY), while the FY2026 annual figure was 1.02%, down 912.0% from the prior year.
  • Operating Margin came in at 4.28% for Q2 2026 at Rh, up from 30.34% in the prior quarter.
  • The five-year high for Operating Margin was 24.12% in Q1 2022, with the low at 30.34% in Q1 2026.
  • Average Operating Margin over 5 years is 11.03%, with a median of 12.24% recorded in 2025.
  • Across the five-year window, Operating Margin soared 568 bps in 2024 and tumbled 3900 bps in 2026, its largest moves.
  • Year by year, Operating Margin stood at 19.59% in 2022, then tumbled by 65 bps to 6.82% in 2023, then surged by 83 bps to 12.5% in 2024, then fell by 4 bps to 11.99% in 2025, then plunged by 64 bps to 4.28% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods registered 4.28%, 30.34%, and 11.99% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 NaaS Technology 29.20 Bn 29.20 Bn - -
2 Caseys General Stores 28.94 Bn 28.48 Bn 1.08 Bn 7.66%
3 Williams Sonoma 27.71 Bn 26.69 Bn 1.10 Bn 20.27%
4 Dick'S Sporting Goods 19.10 Bn 17.75 Bn 1.77 Bn 2.96%
5 Tractor Supply 16.98 Bn 16.76 Bn 1.30 Bn 6.50%
6 Best Buy 16.25 Bn 14.50 Bn 2.10 Bn 4.14%
7 Murphy USA 10.35 Bn 10.23 Bn 3.98 Bn 4.26%
8 Five Below 10.07 Bn 9.13 Bn 696.98 Mn 17.99%
9 Winmark 8.93 Bn 8.93 Bn 20.23 Mn 59.29%
10 Rh 327,780.00 -75.15 Mn 331.26 Mn 4.28%

Historic Data

Download Data
DateValue
May 2, 2026 4.28%
Jan 31, 2026 -30.34%
Nov 1, 2025 11.99%
Aug 2, 2025 14.33%
May 3, 2025 6.87%
Feb 1, 2025 8.66%
Nov 2, 2024 12.50%
Aug 3, 2024 11.59%
May 4, 2024 7.52%
Feb 3, 2024 8.70%
Oct 28, 2023 6.82%
Jul 29, 2023 18.91%
Apr 29, 2023 13.43%
Jan 28, 2023 14.52%
Oct 29, 2022 19.59%
Jul 30, 2022 23.64%
Apr 30, 2022 21.44%
Jan 29, 2022 24.12%
Oct 30, 2021 27.08%
Jul 31, 2021 25.18%