Abercrombie & Fitch Co. (ANF) 10-Year Financial Performance & Capital Metrics

ANF • • Industrial / General

Consumer CyclicalApparel RetailYouth & Young Adult Fashion RetailersTeen & Young Adult Fashion Chains

AboutAbercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.Show more

Revenue $4.95B +15.6%
EBITDA $886M +42.5%
Net Income $566M +72.6%
EPS (Diluted) 10.69 +71.9%
Gross Margin 61% +2.2%
EBITDA Margin 17.9% +23.2%
Operating Margin 14.79% +31.8%
Net Margin 11.44% +49.3%
ROE 47.16% +26.2%
ROIC 40.26% +45.8%
Debt/Equity 0.70 -29.5%
Interest Coverage 60.62 +282.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.3%
✓Strong 5Y profit CAGR of 70.4%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 82 (top 18%)
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.83%

5Y6.43%

3Y10.05%

TTM7.57%

Profit (Net Income) CAGR

10Y27.01%

5Y70.45%

3Y29.12%

TTM-2.87%

EPS CAGR

10Y31.15%

5Y77.9%

3Y36.53%

TTM3.17%

ROCE

10Y Avg9.52%

5Y Avg14.76%

3Y Avg21.68%

Latest35.02%

Peer Comparison

Teen & Young Adult Fashion Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GESGuess', Inc.	879.28M	16.86	21.90	7.88%	2.56%	14.19%	4.05%	2.58
URBNUrban Outfitters, Inc.	6.33B	70.56	16.56	7.71%	8.15%	18.08%	5.06%	0.44
AEOAmerican Eagle Outfitters, Inc.	4.38B	25.81	15.36	1.27%	3.74%	12.76%	5.81%	0.82
BKEThe Buckle, Inc.	2.71B	52.97	13.62	-3.44%	16.12%	42.33%	7.37%	0.77
GAPThe Gap, Inc.	10.15B	27.28	12.40	1.32%	5.57%	23.33%	10.24%	1.68
ANFAbercrombie & Fitch Co.	4.94B	107.62	10.07	15.6%	10.07%	39.21%	10.69%	0.70

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Feb 2025
Sales/Revenue+	3.52B	3.33B	3.49B	3.59B	3.62B	3.13B	3.71B	3.7B	4.28B	4.95B
Revenue Growth %	-0.06%	-0.05%	0.05%	0.03%	0.01%	-0.14%	0.19%	-0%	0.16%	0.16%
Cost of Goods Sold+	1.59B	1.5B	1.6B	1.61B	1.65B	1.41B	1.55B	1.74B	1.73B	1.93B
COGS % of Revenue	0.45%	0.45%	0.46%	0.45%	0.46%	0.45%	0.42%	0.47%	0.4%	0.39%
Gross Profit+	1.93B	1.83B	1.89B	1.98B	1.97B	1.71B	2.17B	1.96B	2.55B	3.02B
Gross Margin %	0.55%	0.55%	0.54%	0.55%	0.54%	0.55%	0.58%	0.53%	0.6%	0.61%
Gross Profit Growth %	-0.08%	-0.05%	0.04%	0.04%	-0%	-0.13%	0.27%	-0.1%	0.3%	0.18%
Operating Expenses+	1.86B	1.84B	1.79B	1.85B	1.84B	1.9B	1.82B	1.87B	2.07B	2.29B
OpEx % of Revenue	0.53%	0.55%	0.51%	0.51%	0.51%	0.61%	0.49%	0.51%	0.48%	0.46%
Selling, General & Admin	1.86B	1.84B	1.79B	1.85B	1.84B	1.9B	1.82B	1.87B	2.07B	2.29B
SG&A % of Revenue	0.53%	0.55%	0.51%	0.51%	0.51%	0.61%	0.49%	0.51%	0.48%	0.46%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	67.41M	-9.29M	104.48M	130.9M	125.9M	-186.46M	344.44M	90.22M	480.64M	732.08M
Operating Margin %	0.02%	-0%	0.03%	0.04%	0.03%	-0.06%	0.09%	0.02%	0.11%	0.15%
Operating Income Growth %	-0.59%	-1.14%	12.25%	0.25%	-0.04%	-2.48%	2.85%	-0.74%	4.33%	0.52%
EBITDA+	281.09M	186.13M	299.02M	308.93M	299.52M	-20.18M	488.48M	222.47M	621.75M	885.85M
EBITDA Margin %	0.08%	0.06%	0.09%	0.09%	0.08%	-0.01%	0.13%	0.06%	0.15%	0.18%
EBITDA Growth %	-0.28%	-0.34%	0.61%	0.03%	-0.03%	-1.07%	25.21%	-0.54%	1.79%	0.42%
D&A (Non-Cash Add-back)	213.68M	195.41M	194.55M	178.03M	173.63M	166.28M	144.03M	132.24M	141.1M	153.77M
EBIT	80.29M	22.7M	81.23M	142.25M	85.41M	-15.28M	343.07M	98.61M	518.6M	781.04M
Net Interest Income+	-18.25M	-18.67M	-16.89M	-11M	-10.91M	-28.27M	-34.11M	-25.63M	-372K	27.86M
Interest Income	4.35M	4.41M	6.08M	11.79M	12.17M	3.45M	3.85M	4.6M	29.98M	39.93M
Interest Expense	22.6M	23.08M	22.97M	22.79M	23.08M	31.73M	37.96M	30.24M	30.35M	12.08M
Other Income/Expense	-12.82M	5.81M	-49.31M	-14.53M	-63.57M	137.71M	-35.47M	-23.21M	3.65M	36.6M
Pretax Income+	54.59M	-3.48M	55.16M	116.37M	62.33M	-48.74M	308.97M	67.02M	484.3M	768.68M
Pretax Margin %	0.02%	-0%	0.02%	0.03%	0.02%	-0.02%	0.08%	0.02%	0.11%	0.16%
Income Tax+	16.03M	-11.2M	44.64M	37.56M	17.37M	60.21M	38.91M	56.63M	148.89M	194.66M
Effective Tax Rate %	0.65%	-1.14%	0.13%	0.64%	0.63%	2.34%	0.85%	0.04%	0.68%	0.74%
Net Income+	35.58M	3.96M	7.09M	74.54M	39.36M	-114.02M	263.01M	2.82M	328.12M	566.22M
Net Margin %	0.01%	0%	0%	0.02%	0.01%	-0.04%	0.07%	0%	0.08%	0.11%
Net Income Growth %	-0.31%	-0.89%	0.79%	9.51%	-0.47%	-3.9%	3.31%	-0.99%	115.52%	0.73%
Net Income (Continuing)	38.56M	7.72M	10.53M	78.81M	44.96M	-108.95M	270.07M	10.38M	335.41M	574.02M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.66M	8.6M	10.09M	9.72M	12.37M	12.68M	11.23M	11.73M	14.83M	15.7M
EPS (Diluted)+	0.51	0.06	0.10	1.08	0.60	-1.82	4.20	0.05	6.22	10.69
EPS Growth %	-0.28%	-0.88%	0.67%	9.8%	-0.44%	-4.03%	3.31%	-0.99%	123.4%	0.72%
EPS (Basic)	0.52	0.06	0.10	1.11	0.61	-1.82	4.41	0.06	6.53	11.14
Diluted Shares Outstanding	69.42M	68.28M	69.4M	69.14M	65.78M	62.55M	62.64M	52.33M	52.73M	52.97M
Basic Shares Outstanding	68.88M	67.88M	68.39M	67.35M	64.43M	62.55M	59.6M	50.31M	50.25M	50.84M
Dividend Payout Ratio	1.55%	13.67%	7.67%	0.72%	1.31%	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Feb 2025
Total Current Assets+	1.18B	1.14B	1.26B	1.34B	1.26B	1.66B	1.51B	1.23B	1.54B	1.67B
Cash & Short-Term Investments	588.58M	547.19M	675.56M	723.13M	671.27M	1.1B	823.14M	517.6M	900.88M	888.95M
Cash Only	588.58M	547.19M	675.56M	723.13M	671.27M	1.1B	823.14M	517.6M	900.88M	772.73M
Short-Term Investments	0	0	0	0	0	0	0	0	0	116.22M
Accounts Receivable	56.87M	93.38M	79.72M	73.11M	80.25M	83.86M	69.1M	104.51M	78.35M	105.32M
Days Sales Outstanding	5.9	10.25	8.33	7.43	8.08	9.79	6.79	10.32	6.68	7.77
Inventory	436.7M	399.8M	424.39M	437.88M	434.33M	404.05M	525.86M	505.62M	469.47M	575M
Days Inventory Outstanding	100.22	97.3	96.87	99.09	95.79	104.32	124.15	106.11	99.25	108.76
Other Current Assets	96.83M	98.93M	84.86M	101.82M	78.91M	68.86M	89.65M	100.29M	88.57M	104.15M
Total Non-Current Assets+	1.25B	1.16B	1.06B	1.05B	2.28B	1.65B	1.43B	1.49B	1.44B	1.63B
Property, Plant & Equipment	894.18M	824.74M	738.18M	694.86M	1.9B	1.44B	1.21B	1.28B	1.22B	1.38B
Fixed Asset Turnover	3.94x	4.03x	4.73x	5.17x	1.91x	2.16x	3.08x	2.90x	3.52x	3.59x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	28.06M	27.09M	26.15M	0	0	0	0	0	0	0
Long-Term Investments	117.17M	120.12M	125.19M	0	18.7M	14.81M	11.23M	9.97M	0	0
Other Non-Current Assets	124.98M	93.37M	107.59M	354.79M	369.98M	193.88M	213.94M	199.98M	220.68M	247.56M
Total Assets+	2.43B	2.3B	2.33B	2.39B	3.55B	3.31B	2.94B	2.71B	2.97B	3.3B
Asset Turnover	1.45x	1.45x	1.50x	1.50x	1.02x	0.94x	1.26x	1.36x	1.44x	1.50x
Asset Growth %	-0.03%	-0.06%	0.01%	0.03%	0.49%	-0.07%	-0.11%	-0.08%	0.1%	0.11%
Total Current Liabilities+	534.7M	486M	507.55M	558.92M	815.35M	959.4M	1.02B	902.2M	966.82M	1.13B
Accounts Payable	184.18M	187.02M	168.87M	226.88M	219.92M	289.4M	374.83M	258.89M	296.98M	364.53M
Days Payables Outstanding	42.27	45.51	38.54	51.34	48.5	74.72	88.49	54.33	62.78	68.95
Short-Term Debt	0	0	0	0	282.83M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	260.77M	255.88M	263.31M	38.49M	-28.81M	0	0	0	0	0
Current Ratio	2.20x	2.34x	2.49x	2.39x	1.55x	1.73x	1.49x	1.36x	1.59x	1.48x
Quick Ratio	1.39x	1.52x	1.66x	1.61x	1.02x	1.31x	0.97x	0.80x	1.10x	0.97x
Cash Conversion Cycle	63.85	62.03	66.66	55.18	55.37	39.4	42.45	62.09	43.15	47.58
Total Non-Current Liabilities+	602.61M	557.72M	565.67M	608.05M	1.66B	1.41B	1.09B	1.1B	957.43M	821.62M
Long-Term Debt	333.68M	309.39M	249.69M	250.44M	231.96M	343.91M	303.57M	296.85M	222.12M	0
Capital Lease Obligations	0	0	50.65M	46.34M	1.25B	957.59M	697.26M	713.36M	646.62M	740.01M
Deferred Tax Liabilities	-48.06M	0	0	58.76M	74.9M	0	0	0	0	0
Other Non-Current Liabilities	179.68M	248.33M	265.34M	252.52M	103.63M	104.69M	86.09M	94.12M	88.68M	81.61M
Total Liabilities	1.14B	1.04B	1.07B	1.17B	2.48B	2.37B	2.1B	2.01B	1.92B	1.95B
Total Debt+	333.68M	309.39M	300.34M	296.78M	1.77B	1.55B	1.22B	1.22B	1.05B	951.61M
Net Debt	-254.9M	-237.8M	-375.22M	-426.36M	1.1B	445.48M	400.52M	706.59M	147.48M	178.89M
Debt / Equity	0.26x	0.25x	0.24x	0.24x	1.65x	1.63x	1.46x	1.73x	1.00x	0.70x
Debt / EBITDA	1.19x	1.66x	1.00x	0.96x	5.90x	-	2.51x	5.50x	1.69x	1.07x
Net Debt / EBITDA	-0.91x	-1.28x	-1.25x	-1.38x	3.66x	-	0.82x	3.18x	0.24x	0.20x
Interest Coverage	2.98x	-0.40x	4.55x	5.74x	5.45x	-5.88x	9.07x	2.98x	15.84x	60.62x
Total Equity+	1.3B	1.25B	1.25B	1.22B	1.07B	949.31M	837.32M	706.57M	1.05B	1.35B
Equity Growth %	-0.07%	-0.03%	0%	-0.03%	-0.12%	-0.11%	-0.12%	-0.16%	0.49%	0.29%
Book Value per Share	18.67	18.34	18.05	17.63	16.28	15.18	13.37	13.50	19.91	25.51
Total Shareholders' Equity	1.29B	1.24B	1.24B	1.21B	1.06B	936.63M	826.09M	694.84M	1.04B	1.34B
Common Stock	1.03M	1.03M	1.03M	1.03M	1.03M	1.03M	1.03M	1.03M	1.03M	1.03M
Retained Earnings	2.53B	2.47B	2.42B	2.42B	2.31B	2.15B	2.39B	2.37B	2.64B	3.2B
Treasury Stock	-1.53B	-1.51B	-1.49B	-1.51B	-1.55B	-1.51B	-1.86B	-1.95B	-1.9B	-2.15B
Accumulated OCI	-114.62M	-121.3M	-95.05M	-102.45M	-108.89M	-102.31M	-114.71M	-137.53M	-135.97M	-139.15M
Minority Interest	4.66M	8.6M	10.09M	9.72M	12.37M	12.68M	11.23M	11.73M	14.83M	15.7M

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Feb 2025
Cash from Operations+	310.01M	185.17M	287.66M	352.93M	300.69M	404.92M	277.78M	-2.34M	653.42M	710.38M
Operating CF Margin %	0.09%	0.06%	0.08%	0.1%	0.08%	0.13%	0.07%	-0%	0.15%	0.14%
Operating CF Growth %	-0.01%	-0.4%	0.55%	0.23%	-0.15%	0.35%	-0.31%	-1.01%	279.88%	0.09%
Net Income	38.56M	7.72M	10.53M	78.81M	44.96M	-108.95M	270.07M	10.38M	335.41M	574.02M
Depreciation & Amortization	213.68M	195.41M	194.55M	178.03M	173.63M	166.28M	144.03M	132.24M	141.1M	153.77M
Stock-Based Compensation	28.36M	22.12M	22.11M	21.75M	14.01M	18.68M	29.3M	29M	40.12M	38.67M
Deferred Taxes	7.47M	-7.87M	37.48M	5.95M	9.15M	23.99M	-31.92M	11.5M	-4.74M	-12.28M
Other Non-Cash Items	672K	-12.79M	-298K	-3.72M	28.66M	89.29M	22.47M	15.88M	27.47M	31.72M
Working Capital Changes	21.2M	-20.14M	23.29M	72.11M	30.28M	215.63M	-156.17M	-201.34M	114.06M	-75.52M
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	21.25M	24.45M	-18.3M	-23.82M	2.27M	33.31M	-123.22M	18.5M	35.04M	-106.87M
Change in Payables	51.05M	-32.65M	13.62M	63.16M	10.82M	186.75M	77.91M	-115.15M	82.92M	129.26M
Cash from Investing+	-122.57M	-136.75M	-106.8M	-152.39M	-202.78M	-51.91M	-96.98M	-140.68M	-157.18M	-297.7M
Capital Expenditures	-143.2M	-140.84M	-107M	-152.39M	-202.78M	-101.91M	-96.98M	-164.57M	-157.8M	-182.9M
CapEx % of Revenue	0.04%	0.04%	0.03%	0.04%	0.06%	0.03%	0.03%	0.04%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20.63M	4.1M	203K	0	0	50M	0	23.89M	615K	0
Cash from Financing+	-106.88M	-83.79M	-74.81M	-131.69M	-147.87M	69.72M	-446.9M	-155.33M	-111.2M	-534.88M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-55.15M	-54.07M	-54.39M	-53.71M	-51.51M	-12.56M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.24M	-5.44M	-5.42M	-9.31M	-12.82M	-19.3M	-22.64M	-7.23M	-3.74M	-11.53M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	166.74M	43.75M	178.7M	200.54M	97.9M	303.01M	180.8M	-166.91M	495.63M	527.47M
FCF Margin %	0.05%	0.01%	0.05%	0.06%	0.03%	0.1%	0.05%	-0.05%	0.12%	0.11%
FCF Growth %	0.21%	-0.74%	3.08%	0.12%	-0.51%	2.1%	-0.4%	-1.92%	3.97%	0.06%
FCF per Share	2.40	0.64	2.57	2.90	1.49	4.84	2.89	-3.19	9.40	9.96
FCF Conversion (FCF/Net Income)	8.71x	46.81x	40.55x	4.73x	7.64x	-3.55x	1.06x	-0.83x	1.99x	1.25x
Interest Paid	16.06M	15.25M	13.38M	14.22M	17.51M	26.63M	28.41M	26.69M	24.89M	9.53M
Taxes Paid	49.74M	30.98M	16.23M	24.33M	20.72M	15.21M	74.71M	53.01M	120.45M	217.65M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.65%	0.31%	0.57%	6.03%	3.44%	-11.29%	29.44%	0.36%	37.36%	47.16%
Return on Invested Capital (ROIC)	4.51%	-0.68%	8.29%	11.76%	6.38%	-7.85%	19.63%	5.11%	27.62%	40.26%
Gross Margin	54.8%	54.92%	54.22%	55.07%	54.32%	54.77%	58.36%	52.96%	59.67%	61%
Net Margin	1.01%	0.12%	0.2%	2.08%	1.09%	-3.65%	7.08%	0.08%	7.67%	11.44%
Debt / Equity	0.26x	0.25x	0.24x	0.24x	1.65x	1.63x	1.46x	1.73x	1.00x	0.70x
Interest Coverage	2.98x	-0.40x	4.55x	5.74x	5.45x	-5.88x	9.07x	2.98x	15.84x	60.62x
FCF Conversion	8.71x	46.81x	40.55x	4.73x	7.64x	-3.55x	1.06x	-0.83x	1.99x	1.25x
Revenue Growth	-6.02%	-5.45%	4.99%	2.79%	0.92%	-13.74%	18.79%	-0.4%	15.76%	15.6%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Abercrombie	1.64B	1.49B	1.45B	1.44B	1.46B	1.29B	1.56B	1.73B	2.2B	2.56B
Abercrombie Growth	-	-9.38%	-2.21%	-1.14%	1.88%	-11.85%	21.20%	10.87%	26.91%	16.11%
Hollister	1.88B	1.84B	2.04B	2.15B	2.16B	1.83B	2.15B	1.96B	2.08B	2.39B
Hollister Growth	-	-2.02%	10.81%	5.59%	0.28%	-15.02%	17.10%	-8.62%	5.92%	15.06%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	-	-	-	-	-	-	-	-	3.46B	4.03B
Americas Growth	-	-	-	-	-	-	-	-	-	16.55%
Europe	832.92M	768.63M	811.66M	780.92M	753.12M	709.45M	755.07M	665.83M	687.1M	770.52M
Europe Growth	-	-7.72%	5.60%	-3.79%	-3.56%	-5.80%	6.43%	-11.82%	3.19%	12.14%
Asia Pacific	-	-	-	-	-	176.64M	171.7M	122.37M	137.91M	150.55M
Asia Pacific Growth	-	-	-	-	-	-	-2.79%	-28.73%	12.70%	9.17%
UNITED STATES	2.28B	2.12B	2.21B	2.32B	2.41B	2.13B	2.65B	2.76B	-	-
UNITED STATES Growth	-	-6.93%	3.99%	5.12%	3.84%	-11.76%	24.67%	4.00%	-	-
Other Locations	403.72M	434.3M	472.41M	487.49M	459.15M	111.89M	133.84M	151.26M	-	-
Other Locations Growth	-	7.58%	8.77%	3.19%	-5.81%	-75.63%	19.61%	13.02%	-	-

Frequently Asked Questions

Valuation & Price

Abercrombie & Fitch Co. (ANF) has a price-to-earnings (P/E) ratio of 10.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Abercrombie & Fitch Co. (ANF) reported $5.18B in revenue for fiscal year 2024. This represents a 25% increase from $4.16B in 2011.

Abercrombie & Fitch Co. (ANF) grew revenue by 15.6% over the past year. This is strong growth.

Yes, Abercrombie & Fitch Co. (ANF) is profitable, generating $522.0M in net income for fiscal year 2024 (11.4% net margin).

Dividend & Returns

Abercrombie & Fitch Co. (ANF) has a return on equity (ROE) of 47.2%. This is excellent, indicating efficient use of shareholder capital.

Abercrombie & Fitch Co. (ANF) generated $384.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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