Hanesbrands Inc. (HBI) Financial Ratios
22 years of historical data (2003–2024) · Consumer Cyclical · Apparel - Manufacturers
EV/EBITDA
↓
16.64
↓-24% vs avg
5yr avg: 21.76
30Y Low7.4·High49.8
P/FCF
↓
10.11
+2% vs avg
5yr avg: 9.87
30Y Low3.0·High83.1
P/B Ratio
↑
66.99
↑+207% vs avg
5yr avg: 21.85
30Y Low3.2·High85.2
ROE
↓
-141.4%
↑-326% vs avg
5yr avg: -33.2%
30Y Low-141%·High70%
Debt/EBITDA
↓
9.18
↓-24% vs avg
5yr avg: 12.01
30Y Low0.0·High25.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hanesbrands Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 10.1x P/FCF, roughly in line with the 5-year average of 9.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $2.9B | $1.6B | $2.2B | $5.9B | $5.1B | $5.4B | $4.4B | $7.7B | $8.3B | $11.9B |
| Enterprise Value | $4.6B | $5.2B | $5.0B | $6.3B | $9.1B | $8.7B | $9.0B | $8.0B | $11.3B | $11.6B | $14.2B |
| P/E Ratio → | -7.11 | — | — | — | 76.00 | — | 9.04 | 8.02 | 123.00 | 15.41 | 27.76 |
| P/S Ratio | 0.65 | 0.83 | 0.43 | 0.58 | 0.87 | 0.84 | 0.84 | 0.65 | 1.19 | 1.38 | 2.07 |
| P/B Ratio | 66.99 | 85.21 | 3.73 | 5.59 | 8.38 | 6.32 | 4.38 | 4.58 | 11.26 | 6.78 | 9.31 |
| P/FCF | 10.11 | 12.80 | 3.02 | — | 10.62 | 13.03 | 7.72 | 7.94 | 13.48 | 13.76 | 83.05 |
| P/OCF | 8.66 | 10.97 | 2.78 | — | 9.44 | 11.47 | 6.75 | 6.91 | 11.78 | 13.70 | 52.33 |
P/E links to full P/E history page with 30-year chart
HBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hanesbrands Inc.'s enterprise value stands at 16.6x EBITDA, 24% below its 5-year average of 21.8x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 46% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 1.37 | 1.63 | 1.34 | 1.42 | 1.40 | 1.17 | 1.74 | 1.92 | 2.47 |
| EV / EBITDA | 16.64 | 18.83 | 13.41 | 16.83 | 9.99 | 49.76 | 9.16 | 7.99 | 13.12 | 12.96 | 20.29 |
| EV / EBIT | 24.88 | 37.79 | 21.79 | 24.27 | 12.16 | 395.90 | 10.95 | 8.64 | 16.01 | 15.99 | 23.97 |
| EV / FCF | — | 23.13 | 9.62 | — | 16.41 | 22.08 | 12.80 | 14.28 | 19.66 | 19.20 | 99.17 |
HBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hanesbrands Inc. earns an operating margin of 5.3%, above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 6.9% to 5.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -141.4% indicates the company is currently destroying shareholder equity. ROIC of 4.5% represents below-average returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.8% | 38.8% | 35.5% | 34.9% | 39.0% | 26.2% | 37.8% | 39.0% | 39.3% | 38.4% | 37.3% |
| Operating Margin | 5.3% | 5.3% | 7.3% | 6.9% | 11.7% | 0.7% | 13.2% | 12.8% | 11.4% | 13.1% | 10.4% |
| Net Profit Margin | -9.1% | -9.1% | -0.5% | -3.3% | 1.1% | -1.2% | 9.3% | 7.9% | 1.1% | 8.9% | 7.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -141.4% | -141.4% | -4.3% | -23.1% | 10.2% | -7.4% | 54.4% | 65.2% | 7.7% | 43.2% | 32.2% |
| ROA | -6.8% | -6.8% | -0.3% | -1.9% | 1.0% | -1.0% | 8.2% | 7.6% | 1.1% | 8.6% | 7.9% |
| ROIC | 4.5% | 4.5% | 4.8% | 4.8% | 14.4% | 0.7% | 13.7% | 14.9% | 12.6% | 14.7% | 13.3% |
| ROCE | 5.4% | 5.4% | 5.9% | 5.7% | 15.4% | 0.8% | 15.7% | 16.8% | 14.1% | 16.8% | 15.2% |
HBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hanesbrands Inc. carries a Debt/EBITDA ratio of 9.2x, which is highly leveraged (109% above the sector average of 4.4x). Net debt stands at $2.3B ($2.6B total debt minus $215M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 75.02 | 75.02 | 8.59 | 10.80 | 5.33 | 5.49 | 3.15 | 4.10 | 5.78 | 3.06 | 2.06 |
| Debt / EBITDA | 9.18 | 9.18 | 9.70 | 11.51 | 4.11 | 25.53 | 3.97 | 3.98 | 4.62 | 4.19 | 3.75 |
| Net Debt / Equity | — | 68.70 | 8.14 | 10.20 | 4.56 | 4.39 | 2.88 | 3.66 | 5.16 | 2.68 | 1.81 |
| Net Debt / EBITDA | 8.40 | 8.40 | 9.20 | 10.87 | 3.52 | 20.39 | 3.63 | 3.55 | 4.12 | 3.67 | 3.30 |
| Debt / FCF | — | 10.32 | 6.60 | — | 5.79 | 9.05 | 5.08 | 6.34 | 6.18 | 5.44 | 16.12 |
| Interest Coverage | 0.95 | 0.95 | 1.24 | 2.03 | 4.89 | 0.26 | 4.81 | 4.46 | 4.22 | 5.17 | 5.04 |
HBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.37x means Hanesbrands Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.68x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.75x to 1.37x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.37 | 1.37 | 1.64 | 1.75 | 1.52 | 1.61 | 1.82 | 1.73 | 1.90 | 2.06 | 1.94 |
| Quick Ratio | 0.68 | 0.68 | 0.95 | 0.64 | 0.84 | 0.97 | 0.74 | 0.72 | 0.85 | 0.91 | 0.73 |
| Cash Ratio | 0.17 | 0.17 | 0.13 | 0.13 | 0.23 | 0.42 | 0.19 | 0.21 | 0.24 | 0.29 | 0.21 |
| Asset Turnover | — | 0.91 | 0.65 | 0.59 | 0.96 | 0.79 | 0.87 | 0.94 | 0.94 | 0.87 | 1.02 |
| Inventory Turnover | 2.47 | 2.47 | 2.45 | 1.27 | 2.62 | 3.31 | 2.10 | 2.02 | 2.12 | 2.04 | 1.98 |
| Days Sales Outstanding | — | 39.15 | 42.49 | 68.17 | 47.99 | 45.76 | 46.31 | 46.72 | 50.95 | 49.30 | 43.33 |
HBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hanesbrands Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 9.4% | 3.6% | 4.1% | 4.0% | 4.9% | 2.8% | 2.0% | 1.4% |
| Payout Ratio | — | — | — | — | 271.3% | — | 36.1% | 40.1% | 297.6% | 31.0% | 37.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 1.3% | — | 11.1% | 12.5% | 0.8% | 6.5% | 3.6% |
| FCF Yield | 9.9% | 7.8% | 33.1% | — | 9.4% | 7.7% | 13.0% | 12.6% | 7.4% | 7.3% | 1.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.1% | 0.0% | 3.9% | 0.0% | 0.0% | 5.2% | 4.6% | 3.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 10.5% | 3.6% | 8.0% | 4.0% | 4.9% | 8.0% | 6.6% | 4.3% |
| Shares Outstanding | — | $352M | $351M | $350M | $352M | $353M | $366M | $365M | $369M | $385M | $404M |
Peer Comparison
Compare HBI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HBIYou | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 PVH | $4B | 8.4 | 6.6 | 7.0 | 59.4% | 8.5% | 11.7% | 7.0% | 3.3 |
 RL | $48B | 30.5 | 42.2 | 47.0 | 68.6% | 13.2% | 29.5% | 20.6% | 2.3 |
 VFC | $7B | -38.9 | 22.0 | 22.0 | 53.5% | 3.2% | -8.6% | 2.7% | 9.5 |
 UA | $1B | -13.2 | — | — | 47.9% | -3.6% | -10.0% | -5.1% | — |
 GIL | $9B | 22.4 | 15.4 | 19.1 | 30.2% | 19.8% | 16.2% | 9.8% | 5.5 |
 COLM | $3B | 19.5 | 14.3 | 15.3 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 NKE | $53B | 20.6 | 12.5 | 16.2 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 LULU | $15B | 10.1 | 5.5 | 16.1 | 56.6% | 19.9% | 33.8% | 37.2% | 0.7 |
 ONON | $11B | 47.9 | 16.2 | 32.6 | 62.8% | 12.5% | 12.9% | 26.9% | 1.2 |
 CROX | $5B | -69.4 | 6.9 | 7.9 | 57.0% | 22.0% | -5.2% | 21.7% | 1.7 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonHBI — Frequently Asked Questions
Quick answers to the most common questions about buying HBI stock.
What is Hanesbrands Inc.'s P/E ratio?
Hanesbrands Inc.'s current P/E ratio is -7.1x. The historical average is 30.3x.
What is Hanesbrands Inc.'s EV/EBITDA?
Hanesbrands Inc.'s current EV/EBITDA is 16.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is Hanesbrands Inc.'s ROE?
Hanesbrands Inc.'s return on equity (ROE) is -141.4%. The historical average is 19.2%.
Is HBI stock overvalued?
Based on historical data, Hanesbrands Inc. is trading at a P/E of -7.1x. Compare with industry peers and growth rates for a complete picture.
What are Hanesbrands Inc.'s profit margins?
Hanesbrands Inc. has 38.8% gross margin and 5.3% operating margin.
How much debt does Hanesbrands Inc. have?
Hanesbrands Inc.'s Debt/EBITDA ratio is 9.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.