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Hanesbrands Inc. (HBI) 10-Year Financial Performance & Capital Metrics

HBI • • Industrial / General
Consumer CyclicalApparel ManufacturingBasic & Mass Market ApparelBasic Apparel Manufacturers
AboutHanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.Show more
  • Revenue $3.51B -3.6%
  • EBITDA $278M -25.1%
  • Net Income -$320M -1707.7%
  • EPS (Diluted) -0.91 -1698.4%
  • Gross Margin 38.76% +9.2%
  • EBITDA Margin 7.93% -22.3%
  • Operating Margin 5.3% -27.5%
  • Net Margin -9.14% -1775.5%
  • ROE -141.36% -3160.1%
  • ROIC 4.49% -6.6%
  • Debt/Equity 75.02 +773.7%
  • Interest Coverage 0.95 -23.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗High debt to equity ratio of 75.0x
  • ✗Sales declining 11.4% over 5 years
  • ✗Expensive at 67.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.09%
5Y-11.4%
3Y-19.81%
TTM-13.44%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM243.73%

EPS CAGR

10Y-
5Y-
3Y-
TTM243.49%

ROCE

10Y Avg11.18%
5Y Avg6.64%
3Y Avg5.68%
Latest5.44%

Peer Comparison

Basic Apparel Manufacturers
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Quality & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GILGildan Activewear Inc.11.82B63.8125.942.34%14.14%31.87%2.97%1.13
HBIHanesbrands Inc.2.29B6.47-7.11-3.63%9.59%73.92%9.89%75.02

Profit & Loss

Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Jan 2022Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.73B6.03B6.47B6.8B6.43B6.13B6.8B3.86B3.64B3.51B
Revenue Growth %0.08%0.05%0.07%0.05%-0.06%-0.05%0.11%-0.43%-0.06%-0.04%
Cost of Goods Sold+3.6B3.75B3.98B4.15B4B4.52B4.15B2.52B2.35B2.15B
COGS % of Revenue0.63%0.62%0.62%0.61%0.62%0.74%0.61%0.65%0.65%0.61%
Gross Profit+2.14B2.32B2.54B2.66B2.43B1.6B2.65B1.35B1.29B1.36B
Gross Margin %0.37%0.38%0.39%0.39%0.38%0.26%0.39%0.35%0.35%0.39%
Gross Profit Growth %0.12%0.08%0.1%0.04%-0.09%-0.34%0.65%-0.49%-0.04%0.05%
Operating Expenses+1.54B1.5B1.74B1.79B1.58B1.56B1.85B1.08B1.03B1.17B
OpEx % of Revenue0.27%0.25%0.27%0.26%0.25%0.25%0.27%0.28%0.28%0.33%
Selling, General & Admin1.54B1.5B1.74B1.79B1.58B1.56B1.85B1.08B1.03B1.17B
SG&A % of Revenue0.27%0.25%0.27%0.26%0.25%0.25%0.27%0.28%0.28%0.33%
Research & Development00000039.32M20.08M18.36M0
R&D % of Revenue------0.01%0.01%0.01%-
Other Operating Expenses000000-39.32M-20.08M-18.36M0
Operating Income+595.12M790.05M736.17M867.95M850.68M42.67M797.73M267.37M266.28M185.95M
Operating Margin %0.1%0.13%0.11%0.13%0.13%0.01%0.12%0.07%0.07%0.05%
Operating Income Growth %0.06%0.33%-0.07%0.18%-0.02%-0.95%17.7%-0.66%-0%-0.3%
EBITDA+699.02M893.23M858.66M999.75M981.65M175.11M910.47M373.64M371.31M278M
EBITDA Margin %0.12%0.15%0.13%0.15%0.15%0.03%0.13%0.1%0.1%0.08%
EBITDA Growth %0.06%0.28%-0.04%0.16%-0.02%-0.82%4.2%-0.59%-0.01%-0.25%
D&A (Non-Cash Add-back)103.9M103.17M122.49M131.8M130.97M132.45M112.74M106.27M105.04M92.06M
EBIT591.91M723.89M703.53M924.43M820.48M22.01M747.98M259.08M228.52M138.51M
Net Interest Income+-118.03M-152.69M-174.44M-194.68M-176.92M-164.24M-163.07M-131.73M-214.19M-195.9M
Interest Income0000000000
Interest Expense118.03M152.69M174.44M194.68M176.92M164.24M163.07M131.73M214.19M195.9M
Other Income/Expense-121.25M-218.85M0-221.07M-207.13M-184.89M-216.65M-140.03M-251.95M-243.34M
Pretax Income+473.87M571.2M529.1M643.58M643.56M-142.23M581.08M127.34M14.33M-57.39M
Pretax Margin %0.08%0.09%0.08%0.09%0.1%-0.02%0.09%0.03%0%-0.02%
Income Tax+45.02M34.27M453.12M103.92M70.24M-109.94M60.11M447.89M-14.82M40.6M
Effective Tax Rate %0.91%0.94%0.14%0.84%0.93%0.53%0.13%-1%-1.24%5.58%
Net Income+428.86M539.38M73.88M539.67M600.72M-75.58M77.22M-127.2M-17.73M-320.43M
Net Margin %0.07%0.09%0.01%0.08%0.09%-0.01%0.01%-0.03%-0%-0.09%
Net Income Growth %0.06%0.26%-0.86%6.3%0.11%-1.13%2.02%-2.65%0.86%-17.08%
Net Income (Continuing)428.86M536.93M75.98M539.67M573.32M-32.29M520.97M-320.55M29.15M-98M
Discontinued Operations02.46M-2.1M027.4M-43.29M-443.74M193.34M-46.87M-222.44M
Minority Interest0000000000
EPS (Diluted)+1.061.400.171.521.64-0.210.22-0.36-0.05-0.91
EPS Growth %0.07%0.32%-0.88%7.94%0.08%-1.13%2.05%-2.64%0.86%-16.98%
EPS (Basic)1.071.410.171.521.65-0.210.22-0.36-0.05-0.91
Diluted Shares Outstanding403.66M384.57M369.43M364.5M365.52M352.77M352.08M349.97M350.59M352.14M
Basic Shares Outstanding399.89M381.78M367.68M363.51M364.71M352.77M351.03M349.97M350.59M352.14M
Dividend Payout Ratio0.38%0.31%2.98%0.4%0.36%-2.71%---

Balance Sheet

Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Jan 2022Dec 2022Dec 2023Dec 2024
Total Current Assets+2.92B3.3B3.39B3.52B3.22B3.43B3.53B3.13B2.28B1.72B
Cash & Short-Term Investments319.17M460.25M421.57M433.02M328.88M900.62M536.28M238.41M185.22M214.85M
Cash Only319.17M460.25M421.57M433.02M328.88M900.62M536.28M238.41M185.22M214.85M
Short-Term Investments0000000000
Accounts Receivable680.42M814.18M903.32M870.88M815.21M768.22M894.15M721.4M423.68M376.19M
Days Sales Outstanding43.3349.350.9546.7246.3145.7647.9968.1742.4939.15
Inventory1.81B1.84B1.87B2.05B1.91B1.37B1.58B1.98B956.43M871.04M
Days Inventory Outstanding184.23179.05171.92180.81174.04110.34139.33287.22148.71148.02
Other Current Assets103.68M183.43M186.5M159.23M174.63M392.79M513.66M192.27M710.89M253.28M
Total Non-Current Assets+2.7B3.61B3.51B3.74B4.13B4.29B3.54B3.37B3.36B2.13B
Property, Plant & Equipment650.46M692.46M623.99M607.69M1.08B910.45M805.25M857.3M624.79M411.02M
Fixed Asset Turnover8.81x8.71x10.37x11.20x5.97x6.73x8.45x4.51x5.83x8.53x
Goodwill834.32M1.1B1.17B1.24B1.24B1.16B1.13B1.11B659.36M638.37M
Intangible Assets700.51M1.29B1.4B1.56B1.52B1.29B1.22B1.26B959.85M886.26M
Long-Term Investments-445.18M0002.98M02.06M2.06M0361K
Other Non-Current Assets515.88M67.98M79.62M83.88M90.92M559.27M54.95M128M1.1B175.96M
Total Assets+5.62B6.91B6.89B7.26B7.35B7.72B7.07B6.5B5.64B3.84B
Asset Turnover1.02x0.87x0.94x0.94x0.87x0.79x0.96x0.59x0.65x0.91x
Asset Growth %0.08%0.23%-0%0.05%0.01%0.05%-0.08%-0.08%-0.13%-0.32%
Total Current Liabilities+1.5B1.6B1.78B2.03B1.77B2.12B2.33B1.79B1.39B1.25B
Accounts Payable672.97M761.65M867.65M1.03B959.01M891.87M1.21B917.48M538.78M593.38M
Days Payables Outstanding68.3274.0979.5590.6487.5771.95106.86133.1183.77100.83
Short-Term Debt370.6M234.76M261.46M446.41M115.16M263.94M25M247M65M95M
Deferred Revenue (Current)01000K00001000K000
Other Current Liabilities192.23M-13.28M496.24M400.84M372.13M222.18M-80.51M241.08M312.09M495.93M
Current Ratio1.94x2.06x1.90x1.73x1.82x1.61x1.52x1.75x1.64x1.37x
Quick Ratio0.73x0.91x0.85x0.72x0.74x0.97x0.84x0.64x0.95x0.68x
Cash Conversion Cycle159.23154.25143.31136.88132.7784.1580.46222.27107.4386.33
Total Non-Current Liabilities+2.84B4.08B4.43B4.26B4.35B4.78B4.04B4.31B3.83B2.56B
Long-Term Debt2.25B3.51B3.7B3.53B3.26B3.74B3.33B3.61B3.24B2.19B
Capital Lease Obligations0000358.28M331.58M281.85M326.64M235.45M206.12M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities585.08M573.21M727.77M721.25M730.8M710.54M433.95M376.26M359.3M166.21M
Total Liabilities4.34B5.68B6.21B6.29B6.12B6.91B6.37B6.11B5.22B3.81B
Total Debt+2.62B3.74B3.96B3.98B3.9B4.47B3.74B4.3B3.6B2.55B
Net Debt2.31B3.28B3.54B3.55B3.57B3.57B3.21B4.06B3.42B2.34B
Debt / Equity2.06x3.06x5.78x4.10x3.15x5.49x5.33x10.80x8.59x75.02x
Debt / EBITDA3.75x4.19x4.62x3.98x3.97x25.53x4.11x11.51x9.70x9.18x
Net Debt / EBITDA3.30x3.67x4.12x3.55x3.63x20.39x3.52x10.87x9.20x8.40x
Interest Coverage5.04x5.17x4.22x4.46x4.81x0.26x4.89x2.03x1.24x0.95x
Total Equity+1.28B1.22B686.2M970.28M1.24B813.96M702.49M398.26M419.35M34.01M
Equity Growth %-0.08%-0.04%-0.44%0.41%0.27%-0.34%-0.14%-0.43%0.05%-0.92%
Book Value per Share3.163.181.862.663.382.312.001.141.200.10
Total Shareholders' Equity1.28B1.22B686.2M970.28M1.24B813.96M702.49M398.26M419.35M34.01M
Common Stock3.92M3.79M3.6M3.61M3.62M3.49M3.5M3.49M3.5M3.52M
Retained Earnings1.39B1.4B850.35M1.18B1.55B1.07B935.26M572.11M554.8M234.49M
Treasury Stock0000000000
Accumulated OCI-394.93M-435.99M-439.21M-502.94M-617.65M-566.96M-551.6M-512.01M-492.31M-577.22M
Minority Interest0000000000

Cash Flow

Jan 2016Dec 2016Dec 2017Dec 2018Dec 2019Jan 2021Jan 2022Dec 2022Dec 2023Dec 2024
Cash from Operations+227.01M605.61M655.72M643.4M803.43M448.47M623.41M-358.8M561.75M264.24M
Operating CF Margin %0.04%0.1%0.1%0.09%0.13%0.07%0.09%-0.09%0.15%0.08%
Operating CF Growth %-0.55%1.67%0.08%-0.02%0.25%-0.44%0.39%-1.58%2.57%-0.53%
Net Income428.86M539.38M61.89M553.08M600.72M-32.29M77.22M-127.2M-17.73M-320.43M
Depreciation & Amortization103.9M103.17M122.49M131.8M141.7M126.62M114.2M106.27M105.04M92.06M
Stock-Based Compensation29.62M31.78M23.58M21.42M9.28M016.63M23.46M20.55M25.84M
Deferred Taxes10.85M-8.84M239.07M22.15M0-161.22M3.93M384.23M-84.75M-11.97M
Other Non-Cash Items-1.62M43.74M43.74M8.14M-20.54M631.74M529.37M11.65M21.66M333.51M
Working Capital Changes-344.6M-103.63M164.94M-93.18M72.28M-116.38M-117.94M-757.2M516.98M145.24M
Change in Receivables-21.97M-79.21M-31.66M10.27M45.16M-6.95M-181.17M154.15M174.25M-1.78M
Change in Inventory-289.65M135.81M22.65M-205.32M147.33M-136.06M-293.45M-437.64M599.98M114.93M
Change in Payables74.61M-60.99M71.81M165.79M0-32.64M368.75M-241.56M-194.6M17.65M
Cash from Investing+-276.8M-966.64M-104.51M-418.65M-109.66M-41.08M-52.45M-216.43M-23.48M813.03M
Capital Expenditures-83.97M-2.57M-82.55M-83.74M-101.08M-53.73M-69.27M-215.12M-44.06M-37.89M
CapEx % of Revenue0.01%0%0.01%0.01%0.02%0.01%0.01%0.06%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing15.4M80.83M4.46M2.56M16.66M11.98M16.82M-1.46M20.57M0
Cash from Financing+132.98M511.05M-585.77M-200.5M-824.01M142.17M-888.02M295.83M-580.08M-1.05B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-161.32M-167.38M-219.9M-216.32M-216.96M-210.38M-209.48M-209.31M00
Share Repurchases----------
Other Financing-28.59M-94.95M-65.92M-19.02M-170.13M-4.48M-9.9M-3.42M-2.92M-7.45M
Net Change in Cash----------
Free Cash Flow+143.04M603.04M573.17M559.67M702.35M394.73M554.14M-573.92M517.69M226.35M
FCF Margin %0.02%0.1%0.09%0.08%0.11%0.06%0.08%-0.15%0.14%0.06%
FCF Growth %-0.68%3.22%-0.05%-0.02%0.25%-0.44%0.4%-2.04%1.9%-0.56%
FCF per Share0.351.571.551.541.921.121.57-1.641.480.64
FCF Conversion (FCF/Net Income)0.53x1.12x8.88x1.19x1.34x-5.93x8.07x2.82x-31.69x-0.82x
Interest Paid0000171.46M00000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)32.21%43.15%7.74%65.16%54.44%-7.37%10.18%-23.11%-4.34%-141.36%
Return on Invested Capital (ROIC)13.3%14.65%12.64%14.89%13.69%0.7%14.43%4.79%4.82%4.49%
Gross Margin37.27%38.41%39.32%39.04%37.8%26.16%38.99%34.87%35.5%38.76%
Net Margin7.48%8.95%1.14%7.93%9.35%-1.23%1.14%-3.29%-0.49%-9.14%
Debt / Equity2.06x3.06x5.78x4.10x3.15x5.49x5.33x10.80x8.59x75.02x
Interest Coverage5.04x5.17x4.22x4.46x4.81x0.26x4.89x2.03x1.24x0.95x
FCF Conversion0.53x1.12x8.88x1.19x1.34x-5.93x8.07x2.82x-31.69x-0.82x
Revenue Growth7.64%5.18%7.35%5.14%-5.56%-4.65%11%-43.2%-5.78%-3.63%

Revenue by Segment

2015201620172018201920202021202220232024
Shipping and Handling---19.32M19.54M18.94M19.46M13.58M11.3M5.84M
Shipping and Handling Growth----1.14%-3.04%2.73%-30.23%-16.78%-48.27%
Innerwear Product Category3.97B4.11B4.26B-------
Innerwear Product Category Growth-3.50%3.53%-------
Outerwear Product Category1.76B1.92B2.21B-------
Outerwear Product Category Growth-8.97%15.55%-------

Revenue by Geography

2015201620172018201920202021202220232024
Americas---4.66B4.66B4.54B5B4.53B4.11B2.74B
Americas Growth----0.03%-2.46%9.91%-9.26%-9.33%-33.25%
UNITED STATES4.59B4.49B4.42B------2.6B
UNITED STATES Growth--2.29%-1.60%-------
Asia Pacific---1.13B1.25B1.09B1.26B1.15B1.03B667.07M
Asia Pacific Growth----10.48%-12.78%15.48%-8.52%-10.47%-35.20%
Other Country90.64M120.5M154.92M28.99M35.52M25.25M18.53M16.21M9.42M91.69M
Other Country Growth-32.95%28.56%-81.29%22.54%-28.93%-26.59%-12.54%-41.90%873.56%
Europe713.31M96.38M112.41M987.02M1.02B1.01B530.44M534.89M488.03M5.63M
Europe Growth--86.49%16.63%778.07%3.71%-1.76%-47.25%0.84%-8.76%-98.85%
AUSTRALIA-278.3M592.28M-------
AUSTRALIA Growth--112.82%-------
FRANCE-290.7M283.96M-------
FRANCE Growth---2.32%-------
ITALY-174.09M275.05M-------
ITALY Growth--57.99%-------
JAPAN119.69M182.31M203.52M-------
JAPAN Growth-52.31%11.64%-------
GERMANY-110.75M120.24M-------
GERMANY Growth--8.57%-------
CANADA105.87M90.58M79.42M-------
CANADA Growth--14.44%-12.33%-------
SPAIN-65.21M67.47M-------
SPAIN Growth--3.48%-------
MEXICO66.2M60.36M64.17M-------
MEXICO Growth--8.81%6.32%-------
UNITED KINGDOM-32.41M55.29M-------
UNITED KINGDOM Growth--70.60%-------
BRAZIL31.93M28.83M34.62M-------
BRAZIL Growth--9.72%20.08%-------
CHINA5.07M5.34M8.32M-------
CHINA Growth-5.39%55.94%-------
Central America And Caribbean Basin4.18M2.85M1.84M-------
Central America And Caribbean Basin Growth--31.91%-35.21%-------

Frequently Asked Questions

Growth & Financials

Hanesbrands Inc. (HBI) reported $3.44B in revenue for fiscal year 2024. This represents a 26% decrease from $4.64B in 2011.

Hanesbrands Inc. (HBI) saw revenue decline by 3.6% over the past year.

Yes, Hanesbrands Inc. (HBI) is profitable, generating $330.0M in net income for fiscal year 2024 (-9.1% net margin).

Dividend & Returns

Hanesbrands Inc. (HBI) has a return on equity (ROE) of -141.4%. Negative ROE indicates the company is unprofitable.

Hanesbrands Inc. (HBI) had negative free cash flow of $8.2M in fiscal year 2024, likely due to heavy capital investments.

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