American Eagle Outfitters, Inc. (AEO) 10-Year Financial Performance & Capital Metrics

AEO • • Industrial / General

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

AboutAmerican Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women. It also offers graphic tees and other clothing products under the Tailgate brand name; and menswear products under the Todd Snyder New York brand name. As of January 29, 2022, the company operated 880 American Eagle stores, 244 Aerie brand stand-alone stores, and five Todd Snyder stores in the United States, Canada, Mexico, and Hong Kong. It also ships to 81 countries through its Websites; and offers its merchandise at 260 locations operated by licensees in 28 countries, as well as provides products through its Websites ae.com, aerie.com, and toddsnyder.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.Show more

Revenue $5.33B +1.3%
EBITDA $665M +10.2%
Net Income $329M +93.7%
EPS (Diluted) 1.68 +95.3%
Gross Margin 35.31% +2.5%
EBITDA Margin 12.49% +8.8%
Operating Margin 8.44% +20.7%
Net Margin 6.18% +91.3%
ROE 18.8% +84.4%
ROIC 12.33% +19.9%
Debt/Equity 0.82 +19.9%
Interest Coverage 374.97

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.96%

5Y4.34%

3Y2.07%

TTM-2.73%

Profit (Net Income) CAGR

10Y15.16%

5Y11.48%

3Y-7.75%

TTM-20.53%

EPS CAGR

10Y14.87%

5Y8.45%

3Y-6.11%

TTM-16.93%

ROCE

10Y Avg18.4%

5Y Avg12.4%

3Y Avg13.22%

Latest16.03%

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	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Sales/Revenue+	3.52B	3.61B	3.8B	4.04B	4.31B	3.76B	5.01B	4.99B	5.26B	5.33B
Revenue Growth %	0.07%	0.02%	0.05%	0.06%	0.07%	-0.13%	0.33%	-0%	0.05%	0.01%
Cost of Goods Sold+	2.36B	2.4B	2.59B	2.72B	2.96B	2.77B	3.18B	3.45B	3.45B	3.45B
COGS % of Revenue	0.67%	0.66%	0.68%	0.67%	0.69%	0.74%	0.63%	0.69%	0.66%	0.65%
Gross Profit+	1.16B	1.21B	1.2B	1.32B	1.34B	985.75M	1.83B	1.54B	1.81B	1.88B
Gross Margin %	0.33%	0.34%	0.32%	0.33%	0.31%	0.26%	0.37%	0.31%	0.34%	0.35%
Gross Profit Growth %	0.14%	0.04%	-0%	0.1%	0.02%	-0.27%	0.86%	-0.16%	0.17%	0.04%
Operating Expenses+	834.7M	857.56M	879.68M	980.61M	1.03B	977.26M	1.22B	1.27B	1.44B	1.43B
OpEx % of Revenue	0.24%	0.24%	0.23%	0.24%	0.24%	0.26%	0.24%	0.25%	0.27%	0.27%
Selling, General & Admin	834.7M	857.56M	879.68M	980.61M	1.03B	977.26M	1.22B	1.27B	1.43B	1.43B
SG&A % of Revenue	0.24%	0.24%	0.23%	0.24%	0.24%	0.26%	0.24%	0.25%	0.27%	0.27%
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	10.95M	0
Operating Income+	324.68M	352.64M	325.07M	338.7M	313.84M	8.48M	607.41M	273.66M	368.01M	449.96M
Operating Margin %	0.09%	0.1%	0.09%	0.08%	0.07%	0%	0.12%	0.05%	0.07%	0.08%
Operating Income Growth %	0.52%	0.09%	-0.08%	0.04%	-0.07%	-0.97%	70.62%	-0.55%	0.34%	0.22%
EBITDA+	468.03M	509.37M	492.49M	507.19M	496.06M	171.65M	770.97M	486.43M	603.99M	665.39M
EBITDA Margin %	0.13%	0.14%	0.13%	0.13%	0.12%	0.05%	0.15%	0.1%	0.11%	0.12%
EBITDA Growth %	0.34%	0.09%	-0.03%	0.03%	-0.02%	-0.65%	3.49%	-0.37%	0.24%	0.1%
D&A (Non-Cash Add-back)	143.36M	156.72M	167.42M	168.49M	182.22M	163.16M	163.56M	212.78M	235.98M	215.43M
EBIT	321.87M	335.26M	287.17M	345.1M	245.28M	-267.9M	592.87M	192.2M	241.04M	443.43M
Net Interest Income+	0	0	0	3.49M	6.2M	-24.61M	-34.63M	-79.02M	6.19M	7.77M
Interest Income	0	0	0	3.49M	6.2M	0	0	0	6.19M	8.97M
Interest Expense	0	0	0	0	0	24.61M	34.63M	79.02M	0	1.2M
Other Income/Expense	-2.81M	-17.38M	-37.9M	6.4M	-68.56M	-300.75M	-48.49M	-95.16M	-128.15M	-7.73M
Pretax Income+	321.87M	335.26M	287.17M	345.1M	245.28M	-292.27M	558.92M	178.49M	239.86M	442.23M
Pretax Margin %	0.09%	0.09%	0.08%	0.09%	0.06%	-0.08%	0.11%	0.04%	0.05%	0.08%
Income Tax+	108.58M	122.81M	83.01M	83.2M	54.02M	-83M	139.29M	53.36M	69.82M	112.85M
Effective Tax Rate %	0.68%	0.63%	0.71%	0.76%	0.78%	0.72%	0.75%	0.7%	0.71%	0.74%
Net Income+	218.14M	212.45M	204.16M	261.9M	191.26M	-209.27M	419.63M	125.14M	170.04M	329.38M
Net Margin %	0.06%	0.06%	0.05%	0.06%	0.04%	-0.06%	0.08%	0.03%	0.03%	0.06%
Net Income Growth %	1.72%	-0.03%	-0.04%	0.28%	-0.27%	-2.09%	3.01%	-0.7%	0.36%	0.94%
Net Income (Continuing)	213.29M	212.45M	204.16M	261.9M	191.26M	-209.27M	419.63M	125.14M	170.04M	329.38M
Discontinued Operations	4.85M	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.11	1.16	1.13	1.47	1.12	-1.26	2.03	0.64	0.86	1.68
EPS Growth %	1.64%	0.05%	-0.03%	0.3%	-0.24%	-2.13%	2.61%	-0.68%	0.34%	0.95%
EPS (Basic)	1.12	1.17	1.15	1.48	1.13	-1.26	2.50	0.69	0.87	1.71
Diluted Shares Outstanding	196.24M	183.84M	180.16M	178.03M	170.87M	166.46M	206.53M	205.23M	196.86M	196.41M
Basic Shares Outstanding	194.35M	181.43M	177.94M	176.48M	169.71M	166.46M	168.16M	181.78M	195.65M	193.06M
Dividend Payout Ratio	0.45%	0.43%	0.43%	0.37%	0.49%	-	0.27%	0.52%	0.49%	0.29%

Balance Sheet

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Total Current Assets+	723.38M	901.23M	968.53M	1.05B	1.05B	1.52B	1.4B	1.1B	1.43B	1.35B
Cash & Short-Term Investments	260.07M	378.61M	413.61M	425.46M	416.93M	850.48M	434.77M	170.21M	454.09M	358.96M
Cash Only	260.07M	378.61M	413.61M	333.33M	361.93M	850.48M	434.77M	170.21M	354.09M	308.96M
Short-Term Investments	0	0	0	92.14M	55M	0	0	0	100M	50M
Accounts Receivable	80.91M	86.63M	78.3M	93.48M	119.06M	146.1M	286.68M	242.39M	247.93M	262.37M
Days Sales Outstanding	8.39	8.76	7.53	8.45	10.09	14.19	20.88	17.73	17.2	17.97
Inventory	305.18M	358.45M	398.21M	424.4M	446.28M	405.44M	553.46M	585.08M	640.66M	636.65M
Days Inventory Outstanding	47.15	54.52	56.1	57.03	54.94	53.36	63.5	61.95	67.79	67.42
Other Current Assets	0	0	0	0	0	0	0	102.56M	25.58M	20.16M
Total Non-Current Assets+	888.87M	881.43M	847.78M	857.13M	2.28B	1.91B	2.39B	2.32B	2.12B	2.48B
Property, Plant & Equipment	703.59M	707.8M	724.24M	742.15M	2.15B	1.78B	1.92B	1.87B	1.72B	2.05B
Fixed Asset Turnover	5.01x	5.10x	5.24x	5.44x	2.00x	2.11x	2.61x	2.67x	3.06x	2.60x
Goodwill	17.19M	14.89M	15.07M	14.9M	13.16M	13.27M	271.42M	264.94M	225.3M	225.08M
Intangible Assets	51.83M	49.37M	46.67M	43.27M	39.85M	57.06M	102.7M	94.54M	46.11M	42.45M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	51.34M	60.12M	52.46M	42.75M	50.98M	29.01M	50.14M	56.24M	52.45M	94.19M
Total Assets+	1.61B	1.78B	1.82B	1.9B	3.33B	3.43B	3.79B	3.42B	3.56B	3.83B
Asset Turnover	2.18x	2.02x	2.09x	2.12x	1.29x	1.09x	1.32x	1.46x	1.48x	1.39x
Asset Growth %	-0.05%	0.11%	0.02%	0.05%	0.75%	0.03%	0.1%	-0.1%	0.04%	0.08%
Total Current Liabilities+	463.68M	493.78M	485.22M	542.64M	751.76M	858.48M	842.87M	768.95M	891.17M	882.66M
Accounts Payable	182.79M	246.2M	236.7M	240.67M	285.75M	255.91M	231.78M	234.34M	268.31M	280.71M
Days Payables Outstanding	28.24	37.45	33.35	32.34	35.18	33.68	26.59	24.81	28.39	29.73
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	53.61M	49.59M	45.75M	56.66M	56.82M	55.34M	70.63M	66.9M	73.6M	74.75M
Current Ratio	1.56x	1.83x	2.00x	1.93x	1.39x	1.77x	1.66x	1.43x	1.61x	1.53x
Quick Ratio	0.90x	1.10x	1.18x	1.15x	0.80x	1.30x	1.00x	0.67x	0.89x	0.81x
Cash Conversion Cycle	27.29	25.83	30.28	33.14	29.85	33.87	57.79	54.87	56.6	55.66
Total Non-Current Liabilities+	97.19M	84.31M	84.3M	73.18M	1.33B	1.49B	1.52B	1.05B	929.98M	1.18B
Long-Term Debt	0	0	0	0	0	325.29M	341M	8.91M	0	0
Capital Lease Obligations	0	0	0	0	1.3B	1.15B	1.15B	1.02B	901.12M	1.13B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	97.19M	84.31M	84.3M	73.18M	27.34M	15.63M	24.62M	22.73M	28.86M	47.96M
Total Liabilities	560.87M	578.09M	569.52M	615.82M	2.08B	2.35B	2.36B	1.82B	1.82B	2.06B
Total Debt+	0	0	0	0	1.6B	1.8B	1.81B	1.37B	1.19B	1.45B
Net Debt	-260.07M	-378.61M	-413.61M	-333.33M	1.24B	952.18M	1.37B	1.2B	831.54M	1.14B
Debt / Equity	-	-	-	-	1.28x	1.66x	1.27x	0.86x	0.68x	0.82x
Debt / EBITDA	-	-	-	-	3.23x	10.50x	2.34x	2.81x	1.96x	2.17x
Net Debt / EBITDA	-0.56x	-0.74x	-0.84x	-0.66x	2.50x	5.55x	1.78x	2.46x	1.38x	1.71x
Interest Coverage	-	-	-	-	-	0.34x	17.54x	3.46x	-	374.97x
Total Equity+	1.05B	1.2B	1.25B	1.29B	1.25B	1.09B	1.42B	1.6B	1.74B	1.77B
Equity Growth %	-0.08%	0.15%	0.04%	0.03%	-0.03%	-0.13%	0.31%	0.12%	0.09%	0.02%
Book Value per Share	5.36	6.55	6.92	7.23	7.30	6.53	6.89	7.79	8.82	9.00
Total Shareholders' Equity	1.05B	1.2B	1.25B	1.29B	1.25B	1.09B	1.42B	1.6B	1.74B	1.77B
Common Stock	2.5M	2.5M	2.5M	2.5M	2.5M	2.5M	2.5M	2.5M	2.5M	2.5M
Retained Earnings	1.66B	1.78B	1.88B	2.05B	2.11B	1.87B	2.2B	2.14B	2.21B	2.46B
Treasury Stock	-1.17B	-1.14B	-1.2B	-1.31B	-1.41B	-1.41B	-1.38B	-849.6M	-823.86M	-1B
Accumulated OCI	-29.87M	-36.46M	-30.8M	-34.83M	-33.17M	-40.75M	-40.84M	-32.63M	-16.41M	-56.39M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Cash from Operations+	335.11M	365.6M	394.43M	456.64M	415.42M	202.5M	303.67M	406.3M	580.71M	476.8M
Operating CF Margin %	0.1%	0.1%	0.1%	0.11%	0.1%	0.05%	0.06%	0.08%	0.11%	0.09%
Operating CF Growth %	-0.01%	0.09%	0.08%	0.16%	-0.09%	-0.51%	0.5%	0.34%	0.43%	-0.18%
Net Income	213.29M	212.45M	204.16M	261.9M	191.26M	-209.27M	419.63M	125.14M	170.04M	329.38M
Depreciation & Amortization	148.86M	158.17M	169.47M	170.5M	181.38M	165.58M	171.15M	212.5M	235.21M	220.53M
Stock-Based Compensation	34.98M	29.14M	16.89M	27.51M	23.04M	32.78M	38.15M	38.99M	51.07M	39.61M
Deferred Taxes	4.68M	14.84M	44.31M	-4.39M	6.54M	-34.89M	-12.85M	31.05M	-43.46M	9.75M
Other Non-Cash Items	-13.25M	19.74M	0	546K	66.25M	249.16M	11.94M	80.97M	116.36M	6.35M
Working Capital Changes	-53.44M	-68.74M	-40.41M	578K	-53.05M	-859K	-324.36M	-82.35M	51.48M	-128.81M
Change in Receivables	-10.09M	-7.71M	8.84M	-14.09M	0	0	-117.84M	43.85M	-5.82M	-15.63M
Change in Inventory	-22.26M	-53.61M	-35.91M	-28.5M	-21.61M	42.16M	-147.14M	-38.36M	-46.3M	-21.36M
Change in Payables	-3.19M	52.35M	-16.66M	4.33M	44.95M	-30.91M	-36.19M	2.02M	33.43M	15.91M
Cash from Investing+	-153.5M	-163.02M	-172.15M	-282.83M	-174.89M	-73.94M	-594.6M	-261.38M	-287.43M	-217.51M
Capital Expenditures	-10.44M	-163.02M	-169.47M	-189.02M	-210.36M	-127.97M	-233.85M	-260.38M	-174.44M	-222.54M
CapEx % of Revenue	0%	0.05%	0.04%	0.05%	0.05%	0.03%	0.05%	0.05%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-143.06M	0	-2.68M	-672K	-1.67M	-970K	-2.6M	-997K	-12.99M	-9.97M
Cash from Financing+	-329.17M	-85.06M	-188.77M	-252.5M	-211.23M	359.91M	-125.2M	-407.89M	-109.47M	-301.91M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-97.24M	-90.68M	-88.55M	-97.12M	-92.78M	-22.85M	-113.94M	-64.77M	-83.83M	-96.45M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	7.94M	17.02M	3.35M	8.69M	2.02M	2.07M	12.77M	3.07M	5.28M	-773K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	169.03M	202.57M	224.96M	267.62M	205.06M	74.52M	69.82M	145.92M	406.27M	254.26M
FCF Margin %	0.05%	0.06%	0.06%	0.07%	0.05%	0.02%	0.01%	0.03%	0.08%	0.05%
FCF Growth %	0.82%	0.2%	0.11%	0.19%	-0.23%	-0.64%	-0.06%	1.09%	1.78%	-0.37%
FCF per Share	0.86	1.10	1.25	1.50	1.20	0.45	0.34	0.71	2.06	1.29
FCF Conversion (FCF/Net Income)	1.54x	1.72x	1.93x	1.74x	2.17x	-0.97x	0.72x	3.25x	3.42x	1.45x
Interest Paid	1.17M	1.16M	1.1M	1.21M	828K	10.32M	8.73M	15.44M	0	0
Taxes Paid	116.77M	126.59M	47.09M	81.25M	69.69M	4.19M	182.66M	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.91%	18.83%	16.66%	20.67%	15.09%	-17.93%	33.43%	8.28%	10.19%	18.8%
Return on Invested Capital (ROIC)	32.03%	32.71%	29.39%	28.42%	13.68%	0.28%	18.85%	7.34%	10.29%	12.33%
Gross Margin	32.92%	33.52%	31.74%	32.69%	31.18%	26.22%	36.51%	30.92%	34.44%	35.31%
Net Margin	6.19%	5.89%	5.38%	6.49%	4.44%	-5.57%	8.37%	2.51%	3.23%	6.18%
Debt / Equity	-	-	-	-	1.28x	1.66x	1.27x	0.86x	0.68x	0.82x
Interest Coverage	-	-	-	-	-	0.34x	17.54x	3.46x	-	374.97x
FCF Conversion	1.54x	1.72x	1.93x	1.74x	2.17x	-0.97x	0.72x	3.25x	3.42x	1.45x
Revenue Growth	7.28%	2.5%	5.14%	6.33%	6.75%	-12.75%	33.3%	-0.42%	5.45%	1.27%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
American Eagle Brand	-	-	-	-	-	-	3.56B	3.26B	3.36B	3.39B
American Eagle Brand Growth	-	-	-	-	-	-	-	-8.24%	3.02%	0.70%
Aerie Brand	-	-	-	-	-	-	1.38B	1.51B	1.67B	1.74B
Aerie Brand Growth	-	-	-	-	-	-	-	9.48%	10.83%	4.10%
Corporate, Non-Segment	-	-	-	-	-	-	78.81M	220.14M	489.06M	243.91M
Corporate, Non-Segment Growth	-	-	-	-	-	-	-	179.33%	122.15%	-50.13%
Intersegment Eliminations	-	-	-	-	-	-	-	-	-258.87M	-38.9M
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	84.97%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	3.16B	3.3B	3.51B	3.71B	3.3B	4.34B	4.27B	4.42B	4.49B
UNITED STATES Growth	-	-	4.25%	6.56%	5.67%	-11.19%	31.62%	-1.58%	3.66%	1.54%
Non-US	-	-	-	-	-	-	673.98M	721.72M	837.42M	836.02M
Non-US Growth	-	-	-	-	-	-	-	7.08%	16.03%	-0.17%
Non Us	-	449.17M	500.48M	524.46M	597.94M	464.08M	-	-	-	-
Non Us Growth	-	-	11.42%	4.79%	14.01%	-22.39%	-	-	-	-
U S	3.09B	-	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-
Foreign	430.64M	-	-	-	-	-	-	-	-	-
Foreign Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

American Eagle Outfitters, Inc. (AEO) has a price-to-earnings (P/E) ratio of 15.4x. This is roughly in line with market averages.

Growth & Financials

American Eagle Outfitters, Inc. (AEO) reported $5.27B in revenue for fiscal year 2024. This represents a 67% increase from $3.16B in 2011.

American Eagle Outfitters, Inc. (AEO) grew revenue by 1.3% over the past year. Growth has been modest.

Yes, American Eagle Outfitters, Inc. (AEO) is profitable, generating $197.1M in net income for fiscal year 2024 (6.2% net margin).

Dividend & Returns

Yes, American Eagle Outfitters, Inc. (AEO) pays a dividend with a yield of 1.90%. This makes it attractive for income-focused investors.

American Eagle Outfitters, Inc. (AEO) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.

American Eagle Outfitters, Inc. (AEO) generated $284.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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