WinstonWınston
Back
Stock

Rh

0KTF.L
58
Specialty Retail · Consumer Cyclical
Price
114.33 GBp
+0.56 (+0.49%)
Market Cap
£2.15B
Exchange
London Stock Exchange
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 9, 2026 · filings through Jul 31, 2026

§How the score breaks down

Quality
Good
15/30
Growth
Good
13/20
Cash Flow
Strong
8/10
Stability
Weak
1/10
Valuation
Strong
8/10
Ownership
Good
10/15
Dividends
Not counted
n/a

55 of 95 counted points = Winston Score 58. Pillars marked n/a do not apply to this company and are left out of the total.

Track this stock — start free trial

Share count falling — buybacks

−36.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 31.1M (2022) → 19.8M (2026)

§Winston Score History

The full picture

RH (formerly Restoration Hardware) sells high-end furniture, lighting, textiles, and home décor. Its customers are wealthy adults furnishing their homes, and it sells through large showrooms it calls "Galleries," as well as through thick printed catalogs and its website. RH operates in the luxury home furnishings market in the United States and Canada, with a small presence in Europe.

The company makes money by selling products directly to customers, both in stores and online, and charges an annual membership fee that gives members access to discounted prices. RH has built a moat around its brand by targeting affluent shoppers and creating large, design-focused showrooms that feel more like museums than furniture stores. However, the business is sensitive to the housing market — when people buy and sell fewer homes, they spend less on furniture — and rising interest rates in recent years have slowed housing activity, which remains a key risk to revenue growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+15.2% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

26.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$205M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Rh is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
48.2%
Healthy — 48.2% gross margin
Profit after running costs
Operating Margin
10.1%
Modest — 10.1% operating margin
Return on the money invested
ROCE
13.6%
Good — 13.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+3.3%
Slow sales growth (+3.3% YoY)
Profit growth
EPS YoY
+3.1%
Modest earnings growth (+3.1% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
382%
Turns 382% of profit into real cash
Spare cash per sale
FCF Margin
7.3%
Modest free cash flow (7.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
20.96
Heavy debt load (20.96)
Covers its interest
Interest Cover
1.64x
Dangerous — barely covers interest (1.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
19.2x
Fair value — P/E 19.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+9.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (19.2 → 10.0)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial