Urban Outfitters, Inc. (URBN) 10-Year Financial Performance & Capital Metrics

URBN • • Industrial / General

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

AboutUrban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45. The company also operates Bhldn stores, which offer heirloom quality wedding gowns, bridesmaid frocks, party dresses, assorted jewelry, headpieces, footwear, lingerie, and decorations; and Terrain stores that provide lifestyle home products, garden and outdoor living products, antiques, live plants, flowers, wellness products, and accessories. In addition, it operates Free People retail stores, which offer casual women's apparel, intimates, activewear, shoes, accessories, home products, gifts, and beauty and wellness products for young women aged 25 to 30; restaurants; and women's apparel subscription rental service under the Nuuly brand name. The company serves its customers directly through retail stores, Websites, mobile applications, catalogs and customer contact centers, franchised or third-party operated stores, and digital businesses. As of January 31, 2022, it operated 261 Urban Outfitters, 238 Anthropologie Group, and 173 Free People stores in the United States, Canada, and Europe; and 10 restaurants, as well as two Urban Outfitters and one Anthropologie franchisee-owned stores. The company is also involved in the wholesale of young women's contemporary casual apparel, intimates, activewear, and shoes under the Free People brand; and home goods through department and specialty stores worldwide. The company was founded in 1970 and is based in Philadelphia, Pennsylvania.Show more

Revenue $5.55B +7.7%
EBITDA $589M +20.1%
Net Income $402M +39.9%
EPS (Diluted) 4.26 +39.7%
Gross Margin 34.71% +3.6%
EBITDA Margin 10.61% +11.5%
Operating Margin 8.54% +13.3%
Net Margin 7.25% +29.9%
ROE 17.56% +19.2%
ROIC 11.29% +11.0%
Debt/Equity 0.44 -13.0%
Interest Coverage 78.06 +54.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.26%

5Y6.86%

3Y6.86%

TTM11.09%

Profit (Net Income) CAGR

10Y5.64%

5Y19.08%

3Y9.02%

TTM48.21%

EPS CAGR

10Y9.75%

5Y20.6%

3Y10.82%

TTM52.01%

ROCE

10Y Avg14.59%

5Y Avg10.16%

3Y Avg11.89%

Latest14.44%

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	Jan 2025
Sales/Revenue+	3.45B	3.55B	3.62B	3.95B	3.98B	3.45B	4.55B	4.8B	5.15B	5.55B
Revenue Growth %	0.04%	0.03%	0.02%	0.09%	0.01%	-0.13%	0.32%	0.05%	0.07%	0.08%
Cost of Goods Sold+	2.24B	2.3B	2.44B	2.6B	2.74B	2.59B	3.05B	3.37B	3.43B	3.62B
COGS % of Revenue	0.65%	0.65%	0.67%	0.66%	0.69%	0.75%	0.67%	0.7%	0.66%	0.65%
Gross Profit+	1.2B	1.24B	1.18B	1.35B	1.24B	861.91M	1.49B	1.43B	1.73B	1.93B
Gross Margin %	0.35%	0.35%	0.33%	0.34%	0.31%	0.25%	0.33%	0.3%	0.34%	0.35%
Gross Profit Growth %	0.02%	0.04%	-0.06%	0.15%	-0.08%	-0.3%	0.73%	-0.04%	0.21%	0.12%
Operating Expenses+	848.32M	906.09M	915.62M	965.4M	1.01B	857.93M	1.09B	1.2B	1.34B	1.45B
OpEx % of Revenue	0.25%	0.26%	0.25%	0.24%	0.25%	0.25%	0.24%	0.25%	0.26%	0.26%
Selling, General & Admin	848.32M	906.09M	915.62M	965.4M	993.99M	857.93M	1.09B	1.2B	1.34B	1.45B
SG&A % of Revenue	0.25%	0.26%	0.25%	0.24%	0.25%	0.25%	0.24%	0.25%	0.26%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	13.91M	0	0	0	0	0
Operating Income+	353.58M	338.53M	259.89M	381.31M	231.93M	3.97M	408.57M	226.62M	388.07M	473.76M
Operating Margin %	0.1%	0.1%	0.07%	0.1%	0.06%	0%	0.09%	0.05%	0.08%	0.09%
Operating Income Growth %	-0.03%	-0.04%	-0.23%	0.47%	-0.39%	-0.98%	101.86%	-0.45%	0.71%	0.22%
EBITDA+	496.3M	473.86M	388.3M	499.3M	344.18M	107.74M	514.24M	328.96M	490.56M	589.19M
EBITDA Margin %	0.14%	0.13%	0.11%	0.13%	0.09%	0.03%	0.11%	0.07%	0.1%	0.11%
EBITDA Growth %	-0.01%	-0.05%	-0.18%	0.29%	-0.31%	-0.69%	3.77%	-0.36%	0.49%	0.2%
D&A (Non-Cash Add-back)	142.72M	135.33M	128.41M	117.99M	112.26M	103.77M	105.67M	102.34M	102.49M	115.42M
EBIT	353.58M	338.53M	259.89M	387.3M	240.92M	6.92M	405.74M	222.59M	389.27M	506.24M
Net Interest Income+	943K	1.88M	4.88M	7.78M	9.44M	-286K	1.24M	726K	15.97M	31M
Interest Income	943K	1.88M	4.88M	9.53M	10.64M	3.12M	2.34M	2.04M	23.63M	37.06M
Interest Expense	0	0	0	1.75M	1.2M	3.4M	1.1M	1.31M	7.66M	6.07M
Other Income/Expense	-3.55M	-428K	1.47M	4.24M	7.79M	-459K	-3.94M	-5.34M	-6.47M	26.41M
Pretax Income+	350.03M	338.1M	261.37M	385.55M	239.72M	3.51M	404.63M	221.28M	381.61M	500.17M
Pretax Margin %	0.1%	0.1%	0.07%	0.1%	0.06%	0%	0.09%	0.05%	0.07%	0.09%
Income Tax+	125.54M	119.98M	153.1M	87.55M	71.62M	2.28M	94.02M	61.58M	93.93M	97.71M
Effective Tax Rate %	0.64%	0.65%	0.41%	0.77%	0.7%	0.35%	0.77%	0.72%	0.75%	0.8%
Net Income+	224.49M	218.12M	108.26M	298M	168.1M	1.24M	310.62M	159.7M	287.67M	402.46M
Net Margin %	0.07%	0.06%	0.03%	0.08%	0.04%	0%	0.07%	0.03%	0.06%	0.07%
Net Income Growth %	-0.03%	-0.03%	-0.5%	1.75%	-0.44%	-0.99%	250.31%	-0.49%	0.8%	0.4%
Net Income (Continuing)	224.49M	218.12M	108.26M	298M	168.1M	1.24M	310.62M	159.7M	287.67M	402.46M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.78	1.86	0.96	2.72	1.67	0.01	3.13	1.70	3.05	4.26
EPS Growth %	0.06%	0.04%	-0.48%	1.83%	-0.39%	-0.99%	247.41%	-0.46%	0.79%	0.4%
EPS (Basic)	1.79	1.87	0.97	2.75	1.68	0.01	3.17	1.71	3.10	4.34
Diluted Shares Outstanding	126.01M	117.29M	112.37M	109.71M	100.59M	98.52M	99.27M	94.14M	94.33M	94.45M
Basic Shares Outstanding	125.23M	116.87M	111.89M	108.3M	99.83M	97.82M	98.02M	93.2M	92.7M	92.68M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	834.36M	881.4M	978.76M	1.2B	1.05B	1.22B	1.29B	1.24B	1.28B	1.49B
Cash & Short-Term Investments	326.34M	359.21M	447.35M	637.49M	433.29M	570.33M	446M	382.64M	465.06M	610.43M
Cash Only	265.28M	248.14M	282.22M	358.26M	221.84M	395.63M	206.57M	201.26M	178.32M	290.48M
Short-Term Investments	61.06M	111.07M	165.13M	279.23M	211.45M	174.69M	239.42M	181.38M	286.74M	319.95M
Accounts Receivable	75.72M	54.51M	76.96M	80.46M	88.29M	89.95M	63.76M	70.34M	67.01M	74.01M
Days Sales Outstanding	8.02	5.61	7.77	7.43	8.09	9.52	5.12	5.35	4.75	4.87
Inventory	330.22M	338.59M	351.39M	370.51M	409.53M	389.62M	569.7M	587.51M	550.24M	621.15M
Days Inventory Outstanding	53.73	53.71	52.55	51.94	54.48	54.95	68.07	63.67	58.62	62.56
Other Current Assets	0	0	0	0	0	0	0	197.23M	200.19M	187.21M
Total Non-Current Assets+	998.94M	1.02B	974.02M	957.76M	2.26B	2.32B	2.51B	2.45B	2.83B	3.03B
Property, Plant & Equipment	863.14M	867.79M	813.77M	796.03M	2.06B	2.08B	2.15B	2.15B	2.21B	2.27B
Fixed Asset Turnover	3.99x	4.09x	4.44x	4.96x	1.93x	1.66x	2.12x	2.23x	2.34x	2.44x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	36.6M	44.29M	58.69M	57.29M	97.1M	123.66M	223.56M	102.84M	314.15M	410.21M
Other Non-Current Assets	0	0	0	0	0	0	0	0	307.62M	342.73M
Total Assets+	1.83B	1.9B	1.95B	2.16B	3.32B	3.55B	3.79B	3.68B	4.11B	4.52B
Asset Turnover	1.88x	1.86x	1.85x	1.83x	1.20x	0.97x	1.20x	1.30x	1.25x	1.23x
Asset Growth %	-0.03%	0.04%	0.03%	0.11%	0.53%	0.07%	0.07%	-0.03%	0.12%	0.1%
Total Current Liabilities+	329.23M	352.93M	360.21M	386.64M	638.77M	906.13M	981.47M	890.37M	994.21M	1.08B
Accounts Payable	118.03M	119.54M	128.25M	144.41M	167.87M	237.39M	304.25M	257.62M	253.34M	295.77M
Days Payables Outstanding	19.21	18.96	19.18	20.24	22.33	33.48	36.35	27.92	26.99	29.79
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	120.5M	114.65M	113.32M	151.33M	144.91M	225.35M	257.43M	245.38M	333.7M	358.7M
Current Ratio	2.53x	2.50x	2.72x	3.11x	1.65x	1.35x	1.31x	1.39x	1.29x	1.39x
Quick Ratio	1.53x	1.54x	1.74x	2.15x	1.01x	0.92x	0.73x	0.73x	0.74x	0.81x
Cash Conversion Cycle	42.55	40.36	41.14	39.13	40.23	30.99	36.83	41.1	36.38	37.64
Total Non-Current Liabilities+	366.84M	236.63M	291.66M	284.77M	1.22B	1.16B	1.06B	999.86M	1B	972.3M
Long-Term Debt	150M	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	1.14B	1.07B	951.08M	884.7M	851.85M	871.21M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	216.84M	236.63M	291.66M	284.77M	84.01M	88.85M	113.05M	115.16M	152.61M	101.09M
Total Liabilities	696.07M	589.55M	651.88M	671.42M	1.86B	2.07B	2.05B	1.89B	2B	2.05B
Total Debt+	150M	0	0	0	1.36B	1.33B	1.19B	1.12B	1.08B	1.1B
Net Debt	-115.28M	-248.14M	-282.22M	-358.26M	1.14B	933.08M	980.82M	916.11M	900.18M	807.88M
Debt / Equity	0.13x	-	-	-	0.93x	0.90x	0.68x	0.62x	0.51x	0.44x
Debt / EBITDA	0.30x	-	-	-	3.95x	12.33x	2.31x	3.40x	2.20x	1.86x
Net Debt / EBITDA	-0.23x	-0.52x	-0.73x	-0.72x	3.30x	8.66x	1.91x	2.78x	1.83x	1.37x
Interest Coverage	-	-	-	217.77x	192.95x	1.17x	370.08x	172.34x	50.65x	78.06x
Total Equity+	1.14B	1.31B	1.3B	1.49B	1.46B	1.48B	1.75B	1.79B	2.11B	2.47B
Equity Growth %	-0.14%	0.15%	-0.01%	0.14%	-0.02%	0.02%	0.18%	0.03%	0.18%	0.17%
Book Value per Share	9.02	11.20	11.58	13.57	14.47	15.00	17.59	19.04	22.40	26.17
Total Shareholders' Equity	1.14B	1.31B	1.3B	1.49B	1.46B	1.48B	1.75B	1.79B	2.11B	2.47B
Common Stock	12K	12K	11K	11K	10K	10K	10K	9K	9K	9K
Retained Earnings	1.16B	1.35B	1.31B	1.52B	1.47B	1.48B	1.77B	1.83B	2.11B	2.5B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-23.45M	-34.07M	-10.65M	-27.1M	-28M	-17.12M	-24.83M	-48.63M	-39.15M	-46.64M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	413.42M	414.9M	303.06M	446.62M	273.89M	285.81M	359.32M	142.73M	509.41M	502.83M
Operating CF Margin %	0.12%	0.12%	0.08%	0.11%	0.07%	0.08%	0.08%	0.03%	0.1%	0.09%
Operating CF Growth %	0.28%	0%	-0.27%	0.47%	-0.39%	0.04%	0.26%	-0.6%	2.57%	-0.01%
Net Income	224.49M	218.12M	108.26M	298M	168.1M	1.24M	310.62M	159.7M	287.67M	402.46M
Depreciation & Amortization	138.88M	133.13M	125.82M	116.29M	111.55M	102.2M	99.06M	97.83M	106.83M	123.2M
Stock-Based Compensation	15.62M	18.29M	14.52M	18.1M	21.11M	20.3M	25.74M	29.45M	30.51M	31.04M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	23.89M	45.1M	71.88M	31.33M	245.63M	353.57M	321.79M	153.6M	331.32M	287.02M
Working Capital Changes	16.73M	612K	-17.42M	-17.1M	-272.5M	-191.49M	-397.89M	-297.85M	-246.91M	-340.89M
Change in Receivables	-13.82M	20.93M	-21.74M	-4.01M	-7.83M	-1.22M	26.03M	-7.1M	3.71M	-7.32M
Change in Inventory	26.74M	-9.96M	-8.64M	-21.7M	-39.1M	22.38M	-181.9M	-22.29M	38.78M	-72.94M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-26.77M	-234.62M	-121.38M	-244.5M	-186.15M	-101.9M	-487.66M	-32.01M	-521.65M	-308.77M
Capital Expenditures	-134.95M	-143.71M	-83.81M	-114.92M	-217.43M	-159.24M	-262.43M	-199.51M	-199.63M	-182.58M
CapEx % of Revenue	0.04%	0.04%	0.02%	0.03%	0.05%	0.05%	0.06%	0.04%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	108.19M	-75.58M	-37.57M	-129.57M	31.29M	57.34M	-225.24M	167.5M	-322.02M	-126.19M
Cash from Financing+	-272.83M	-193.74M	-159.23M	-118.02M	-222.05M	-10.42M	-60.27M	-118.4M	-12.13M	-77.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	52.59M	4.1M	-2.18M	13.62M	974K	495K	-4.5M	-6.38M	-3.73M	-24.85M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	278.47M	271.19M	219.25M	331.7M	56.46M	126.57M	96.89M	-56.78M	309.79M	320.25M
FCF Margin %	0.08%	0.08%	0.06%	0.08%	0.01%	0.04%	0.02%	-0.01%	0.06%	0.06%
FCF Growth %	2.01%	-0.03%	-0.19%	0.51%	-0.83%	1.24%	-0.23%	-1.59%	6.46%	0.03%
FCF per Share	2.21	2.31	1.95	3.02	0.56	1.28	0.98	-0.60	3.28	3.39
FCF Conversion (FCF/Net Income)	1.84x	1.90x	2.80x	1.50x	1.63x	231.24x	1.16x	0.89x	1.77x	1.25x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	99.36M	111.96M	83.99M	102.21M	74.43M	25.57M	111.63M	50.76M	55.16M	104.32M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	18.23%	17.8%	8.28%	21.36%	11.42%	0.08%	19.27%	9.03%	14.73%	17.56%
Return on Invested Capital (ROIC)	24.18%	24.33%	18.71%	26.61%	9.34%	0.12%	11.93%	6.25%	10.17%	11.29%
Gross Margin	34.89%	35.1%	32.51%	34.09%	31.12%	24.98%	32.84%	29.76%	33.52%	34.71%
Net Margin	6.52%	6.15%	2.99%	7.54%	4.22%	0.04%	6.83%	3.33%	5.58%	7.25%
Debt / Equity	0.13x	-	-	-	0.93x	0.90x	0.68x	0.62x	0.51x	0.44x
Interest Coverage	-	-	-	217.77x	192.95x	1.17x	370.08x	172.34x	50.65x	78.06x
FCF Conversion	1.84x	1.90x	2.80x	1.50x	1.63x	231.24x	1.16x	0.89x	1.77x	1.25x
Revenue Growth	3.67%	2.92%	1.98%	9.25%	0.84%	-13.41%	31.86%	5.42%	7.47%	7.71%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Retail Operations	3.18B	3.26B	3.3B	-	-	-	-	4.42B	4.68B	4.9B
Retail Operations Growth	-	2.26%	1.31%	-	-	-	-	-	5.96%	4.66%
Subscription Operations	-	-	-	-	-	-	-	-	-	378.39M
Subscription Operations Growth	-	-	-	-	-	-	-	-	-	-
Wholesale Operations	273.6M	298.57M	327.54M	-	-	-	-	268.52M	254.61M	275.58M
Wholesale Operations Growth	-	9.12%	9.70%	-	-	-	-	-	-5.18%	8.23%
Nuuly Operations	-	-	-	-	-	-	-	129.64M	235.86M	-
Nuuly Operations Growth	-	-	-	-	-	-	-	-	81.94%	-
Apparel	-	-	-	2.64B	2.6B	2.11B	2.91B	-	-	-
Apparel Growth	-	-	-	-	-1.49%	-18.68%	37.93%	-	-	-
Home	-	-	-	605.4M	649.18M	731.24M	852.38M	-	-	-
Home Growth	-	-	-	-	7.23%	12.64%	16.57%	-	-	-
Accessories	-	-	-	498.82M	517.22M	411.93M	543.34M	-	-	-
Accessories Growth	-	-	-	-	3.69%	-20.36%	31.90%	-	-	-
Other	-	-	-	210.22M	220.46M	194.76M	240.15M	-	-	-
Other Growth	-	-	-	-	4.87%	-11.66%	23.31%	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Domestic Operations	3.01B	3.11B	-	-	-	-	-	-	-	-
Domestic Operations Growth	-	3.61%	-	-	-	-	-	-	-	-
Foreign Operations	439.54M	431.78M	-	-	-	-	-	-	-	-
Foreign Operations Growth	-	-1.77%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Urban Outfitters, Inc. (URBN) has a price-to-earnings (P/E) ratio of 16.6x. This is roughly in line with market averages.

Growth & Financials

Urban Outfitters, Inc. (URBN) reported $6.00B in revenue for fiscal year 2025. This represents a 143% increase from $2.47B in 2012.

Urban Outfitters, Inc. (URBN) grew revenue by 7.7% over the past year. This is steady growth.

Yes, Urban Outfitters, Inc. (URBN) is profitable, generating $489.0M in net income for fiscal year 2025 (7.3% net margin).

Dividend & Returns

Urban Outfitters, Inc. (URBN) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.

Urban Outfitters, Inc. (URBN) generated $510.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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