Last 48 quarters of trend data · Consumer Cyclical · Apparel - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Gap, Inc.'s quarterly P/E stands at 6.9x, down 39.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 30.7% YoY to 5.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.88 | 6.86 | 15.54 | 9.21 | 8.26 | 11.27 | 11.14 | 7.21 | 10.87 | 13.16 | 9.54 | 5.50 | 8.09 |
| — | -39.2% | +39.5% | +27.8% | -24.0% | -14.4% | +16.9% | +31.0% | +34.4% | — | — | +50.4% | — | |
| P/S Ratio | 0.50 | 0.67 | 0.63 | 0.55 | 0.48 | 0.63 | 0.56 | 0.52 | 0.60 | 0.61 | 0.41 | 0.32 | 0.27 |
| — | +5.2% | +13.9% | +6.0% | -20.7% | +3.9% | +36.2% | +63.4% | +123.4% | +126.9% | +39.7% | +24.5% | +18.2% | |
| P/B Ratio | 2.14 | 2.55 | 2.83 | 2.38 | 2.08 | 2.64 | 2.83 | 2.54 | 3.10 | 3.05 | 2.71 | 1.95 | 1.70 |
| — | -3.5% | -0.2% | -6.2% | -32.9% | -13.4% | +4.6% | +30.3% | +82.7% | +89.4% | +21.8% | +21.3% | +10.8% | |
| P/FCF | 9.25 | 29.90 | 3.86 | 14.19 | 5.10 | — | 4.63 | 13.91 | 4.89 | — | 3.09 | 5.57 | 2.23 |
| — | — | -16.7% | +2.0% | +4.4% | — | +49.7% | +149.8% | +119.4% | — | +52.2% | — | — | |
| EV / EBITDA | 6.59 | 5.59 | 9.62 | 8.35 | 6.36 | 8.07 | 7.98 | 5.98 | 7.54 | 9.30 | 7.75 | 5.96 | 8.62 |
| — | -30.7% | +20.6% | +39.7% | -15.6% | -13.3% | +3.0% | +0.3% | -12.5% | -43.1% | -65.8% | +47.1% | -61.2% | |
| EV / EBIT | 9.51 | 7.20 | 15.00 | 11.37 | 8.26 | 10.74 | 11.10 | 7.46 | 9.81 | 13.36 | 10.95 | 8.08 | 16.54 |
| — | -33.0% | +35.2% | +52.6% | -15.8% | -19.6% | +1.4% | -7.7% | -40.7% | -98.1% | — | +16.3% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Gap, Inc.'s operating margin was 12.7% in Q1 2026, up 7.3 pp QoQ and up 5.2 pp YoY. The trailing four-quarter average of 8.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8% | 40.5% | 38.1% | 42.4% | 41.2% | 41.8% | 38.9% | 42.7% | 42.6% | 41.2% | 38.9% | 41.3% | 37.6% |
| — | -3.1% | -1.9% | -0.8% | -3.1% | +1.4% | -0.1% | +3.4% | +13.3% | +11.3% | +15.9% | +10.6% | +9.0% | |
| Operating Margin | 7.3% | 12.7% | 5.4% | 8.5% | 7.8% | 7.5% | 6.2% | 9.3% | 7.9% | 6.1% | 5.0% | 6.6% | 3.0% |
| — | +69.5% | -13.4% | -8.6% | -0.5% | +24.1% | +25.4% | +39.7% | +163.6% | +2081.9% | +804.3% | +44.1% | +511.5% | |
| Net Margin | 5.3% | 9.7% | 4.0% | 6.0% | 5.8% | 5.6% | 5.0% | 7.2% | 5.5% | 4.7% | 4.3% | 5.8% | 3.3% |
| — | +73.9% | -18.7% | -16.3% | +4.7% | +19.5% | +15.4% | +23.7% | +67.9% | +948.7% | +166.9% | -17.1% | +359.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 9.1% | 4.6% | 6.7% | 6.4% | 5.9% | 6.4% | 9.1% | 7.3% | 6.0% | 7.3% | 9.2% | 5.3% |
| — | +55.1% | -28.7% | -26.6% | -12.9% | -1.6% | -12.0% | -1.7% | +39.6% | +831.5% | +164.4% | -20.2% | +355.5% | |
| ROA | 6.7% | 2.7% | 1.4% | 1.9% | 1.8% | 1.6% | 1.7% | 2.3% | 1.8% | 1.4% | 1.7% | 2.0% | 1.1% |
| — | +66.3% | -21.2% | -17.9% | -0.9% | +14.4% | +3.6% | +17.8% | +71.1% | +992.4% | +171.7% | -14.7% | +367.8% | |
| ROIC | 12.7% | 4.8% | 2.0% | 2.9% | 3.2% | 2.9% | 3.0% | 4.1% | 3.3% | 2.4% | 2.5% | 2.8% | 1.2% |
| — | +62.6% | -32.6% | -28.1% | -4.2% | +23.0% | +19.0% | +43.4% | +184.6% | +2336.2% | +699.0% | +19.3% | +550.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The Gap, Inc.'s Debt/EBITDA ratio is 9.8x, down from 15.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 5.5% YoY to 1.81x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.48 | 1.54 | 1.48 | 2.44 | 1.63 | 1.65 | 1.68 | 1.74 | 1.88 | 2.03 | 2.10 | 2.26 | 2.50 |
| — | -6.6% | -12.0% | +40.2% | -13.4% | -18.7% | -20.0% | -22.7% | -24.6% | -25.4% | -22.2% | +215.8% | -10.2% | |
| Debt / EBITDA | 3.48 | 9.85 | 15.72 | 19.42 | 13.51 | 14.40 | 14.11 | 11.41 | 13.12 | 16.72 | 15.91 | 14.72 | 23.93 |
| — | -31.6% | +11.4% | +70.1% | +2.9% | -13.9% | -11.3% | -22.5% | -45.2% | -64.3% | -71.5% | +161.3% | -61.2% | |
| Current Ratio | 1.75 | 1.81 | 1.75 | 1.72 | 1.68 | 1.71 | 1.60 | 1.54 | 1.49 | 1.50 | 1.42 | 1.39 | 1.41 |
| — | +5.5% | +9.6% | +11.5% | +12.8% | +14.4% | +12.6% | +10.7% | +5.8% | +1.9% | +0.1% | -6.5% | +2.9% | |
| Quick Ratio | 1.08 | 1.08 | 1.08 | 0.97 | 0.96 | 0.98 | 0.96 | 0.84 | 0.84 | 0.80 | 0.78 | 0.64 | 0.67 |
| — | +11.0% | +12.3% | +15.2% | +15.1% | +22.1% | +24.2% | +32.3% | +25.2% | +17.7% | +13.3% | +7.8% | +33.4% | |
| Interest Coverage | 48.48 | — | — | — | 13.87 | 12.43 | 14.68 | 16.70 | 13.33 | 10.90 | 10.08 | 9.93 | 8.20 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying GAP stock.
The Gap, Inc.'s current P/E is 9.9x. The average P/E over the last 4 quarters is 10.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Gap, Inc.'s current operating margin is 7.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Gap, Inc.'s business trajectory between earnings reports.