Revenue growth remains stagnant with a 0.4% year-over-year decline in 2026Q1, while operating margins have deteriorated from 12.5% in 2024Q2 to a negative 2.8% in 2025Q4.
| Metric | TTM | Jan'26 | Feb'25 | Feb'24 | Jan'23 | Jan'22 | Jan'21 | Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Feb'14 | Feb'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 | Jan'08 | Jun'07 | Jun'06 | Jun'05 | May'04 | May'03 | May'02 | Jun'01 | Jun'00 | May'99 | May'98 | May'97 |
|---|
| Sales/Revenue | 1.48B | 1.48B | 1.52B | 1.57B | 1.41B | 1.14B | 748.83M | 1.12B | 1.11B | 1.09B | 1.02B | 969.29M | 997.81M | 917.1M | 855.54M | 758.91M | 603.95M | 800.66M | 947.52M | 695.8M | 1.13B | 1.11B | 1.31B | 1.12B | 764.6M | 677.26M | 812.5M | 839.53M | 862.4M | 774.5M | 703.2M |
| Revenue Growth % | -2.31% | -2.56% | -3.49% | 11.33% | 23.59% | 52.51% | -33.31% | 1.38% | 1.96% | 6.22% | 5.5% | -2.86% | 8.8% | 7.19% | 12.73% | 25.66% | -24.57% | -15.5% | 36.18% | -38.37% | 1.78% | -15.57% | 17.65% | 46.03% | 12.9% | -16.64% | -3.22% | -2.65% | 11.35% | 10.14% | 5.84% |
| Cost of Goods Sold | 619.3M | 646M | 562.03M | 575.89M | 522.67M | 435.86M | 333.63M | 477.82M | 470.34M | 473.58M | 439.81M | 411.19M | 443.13M | 403.52M | 385.99M | 345.94M | 276.54M | 466.98M | 551.04M | 420.04M | 681.15M | 677.43M | 875.36M | 776.11M | 604.89M | 544.02M | 663.48M | 676.45M | 689.3M | 611.6M | 557.1M |
| COGS % of Revenue | - | 43.71% | 37.06% | 36.65% | 37.03% | 38.16% | 44.55% | 42.56% | 42.47% | 43.6% | 43.01% | 42.42% | 44.41% | 44% | 45.12% | 45.58% | 45.79% | 58.32% | 58.16% | 60.37% | 60.34% | 61.08% | 66.64% | 69.51% | 79.11% | 80.33% | 81.66% | 80.57% | 79.93% | 78.97% | 79.22% |
| Gross Profit | 857.08M | 831.84M | 954.57M | 995.59M | 888.86M | 706.22M | 415.21M | 644.97M | 637.12M | 612.63M | 582.77M | 558.11M | 554.68M | 513.57M | 469.56M | 412.97M | 327.41M | 333.68M | 396.47M | 275.76M | 447.76M | 431.69M | 438.25M | 340.44M | 159.71M | 133.25M | 149.01M | 163.09M | 173.1M | 162.9M | 146.1M |
| Gross Margin % | 58.05% | 56.29% | 62.94% | 63.35% | 62.97% | 61.84% | 55.45% | 57.44% | 57.53% | 56.4% | 56.99% | 57.58% | 55.59% | 56% | 54.88% | 54.42% | 54.21% | 41.68% | 41.84% | 39.63% | 39.66% | 38.92% | 33.36% | 30.49% | 20.89% | 19.67% | 18.34% | 19.43% | 20.07% | 21.03% | 20.78% |
| Gross Profit Growth % | - | -12.86% | -4.12% | 12.01% | 25.86% | 70.09% | -35.62% | 1.23% | 4% | 5.12% | 4.42% | 0.62% | 8% | 9.37% | 13.7% | 26.13% | -1.88% | -15.84% | 43.77% | -38.41% | 3.72% | -1.5% | 28.73% | 113.16% | 19.86% | -10.58% | -8.63% | -5.79% | 6.26% | 11.5% | 17.16% |
| Operating Expenses | 910.57M | 817.92M | 835.53M | 914.6M | 670.08M | 540.72M | 478.6M | 551.29M | 546.53M | 526.63M | 492.89M | 460.59M | 470.8M | 428.63M | 394.3M | 360.98M | 302.18M | 305.59M | 360.97M | 234.77M | 347.27M | 333.57M | 333.53M | 253.43M | 124.36M | 115.73M | 119.39M | 121.45M | 125.2M | 119.1M | 109.8M |
| OpEx % of Revenue | - | 55.35% | 55.09% | 58.2% | 47.47% | 47.34% | 63.91% | 49.1% | 49.35% | 48.48% | 48.2% | 47.52% | 47.18% | 46.74% | 46.09% | 47.57% | 50.03% | 38.17% | 38.1% | 33.74% | 30.76% | 30.08% | 25.39% | 22.7% | 16.26% | 17.09% | 14.69% | 14.47% | 14.52% | 15.38% | 15.61% |
| Selling, General & Admin | 856.13M | 817.92M | 854.85M | 820.71M | 692M | 573.64M | 492.63M | 566.15M | 560.51M | 540.52M | 507.07M | 475.03M | 488.92M | 447.64M | 410.74M | 358.58M | 301M | 304.33M | 358.07M | 244.03M | 356.97M | 339.07M | 336.61M | 251.84M | 124.36M | 115.73M | 119.39M | 112.06M | 116.3M | 111M | 100.7M |
| SG&A % of Revenue | - | 55.35% | 56.37% | 52.23% | 49.03% | 50.23% | 65.79% | 50.42% | 50.61% | 49.76% | 49.59% | 49.01% | 49% | 48.81% | 48.01% | 47.25% | 49.84% | 38.01% | 37.79% | 35.07% | 31.62% | 30.57% | 25.62% | 22.55% | 16.26% | 17.09% | 14.69% | 13.35% | 13.49% | 14.33% | 14.32% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -19.31M | 93.9M | -21.92M | -32.92M | -14.02M | -14.86M | -13.98M | -13.88M | -14.18M | -14.44M | -18.12M | -19.02M | -16.44M | 2.4M | 1.17M | 1.26M | 2.9M | -9.27M | 0 | -5.5M | -3.08M | 1.59M | 0 | 0 | 0 | 9.39M | 8.9M | 8.1M | 9.1M |
| Operating Income | -53.49M | 13.92M | 119.04M | 80.98M | 218.77M | 165.5M | -63.4M | 93.67M | 90.59M | 86M | 89.88M | 97.51M | 83.6M | 84.67M | 68.97M | 68.81M | 40.66M | 41.15M | -262.02M | 40.99M | 100.49M | 98.12M | 104.73M | 87.01M | 35.35M | 17.52M | 29.62M | 41.64M | 47.9M | 43.8M | 36.3M |
| Operating Margin % | -3.62% | 0.94% | 7.85% | 5.15% | 15.5% | 14.49% | -8.47% | 8.34% | 8.18% | 7.92% | 8.79% | 10.06% | 8.38% | 9.23% | 8.06% | 9.07% | 6.73% | 5.14% | -27.65% | 5.89% | 8.9% | 8.85% | 7.97% | 7.79% | 4.62% | 2.59% | 3.65% | 4.96% | 5.55% | 5.66% | 5.16% |
| Operating Income Growth % | - | -88.31% | 46.99% | -62.98% | 32.19% | 361.06% | -167.68% | 3.4% | 5.34% | -4.32% | -7.82% | 16.64% | -1.26% | 22.76% | 0.24% | 69.22% | -1.2% | 115.71% | -739.17% | -59.2% | 2.42% | -6.31% | 20.36% | 146.15% | 101.78% | -40.86% | -28.86% | -13.08% | 9.36% | 20.66% | 274.23% |
| EBITDA | 11.54M | 79.82M | 186.91M | 145.05M | 266.38M | 205.44M | -23.31M | 133.96M | 133.08M | 128.4M | 132.1M | 133.94M | 121.25M | 118.57M | 95.31M | 95.96M | 59.48M | 61.89M | -237.17M | 58.73M | 126.08M | 123.31M | 131.64M | 108.08M | 41.34M | 26.41M | 38.87M | 51.03M | 56.8M | 51.9M | 45.4M |
| EBITDA Margin % | 0.78% | 5.4% | 12.32% | 9.23% | 18.87% | 17.99% | -3.11% | 11.93% | 12.02% | 11.82% | 12.92% | 13.82% | 12.15% | 12.93% | 11.14% | 12.64% | 9.85% | 7.73% | -25.03% | 8.44% | 11.17% | 11.12% | 10.02% | 9.68% | 5.41% | 3.9% | 4.78% | 6.08% | 6.59% | 6.7% | 6.46% |
| EBITDA Growth % | -93.25% | -57.3% | 28.86% | -45.55% | 29.66% | 981.32% | -117.4% | 0.66% | 3.64% | -2.8% | -1.37% | 10.47% | 2.26% | 24.41% | -0.68% | 61.35% | -3.9% | 126.1% | -503.84% | -53.42% | 2.24% | -6.33% | 21.8% | 161.46% | 56.53% | -32.06% | -23.83% | -10.16% | 9.44% | 14.32% | 144.09% |
| D&A (Non-Cash Add-back) | 65.04M | 65.9M | 67.87M | 64.07M | 47.6M | 39.94M | 40.09M | 40.29M | 42.49M | 42.4M | 42.22M | 36.43M | 37.65M | 33.9M | 26.34M | 27.15M | 18.81M | 20.74M | 24.86M | 17.73M | 25.59M | 25.2M | 26.92M | 21.07M | 5.99M | 8.89M | 9.25M | 9.39M | 8.9M | 8.1M | 9.1M |
| EBIT | -53.49M | 13.92M | 119.04M | 80.98M | 218.77M | 165.5M | -123.85M | 93.67M | 90.59M | 86M | 89.88M | 97.51M | 92.82M | 96.31M | 59.83M | 59.79M | 40.66M | 41.15M | -263.52M | 40.99M | 100.49M | 98.12M | 104.73M | 87.01M | 35.35M | 17.52M | 29.62M | 41.64M | 47.9M | 43.8M | 36.3M |
| Net Interest Income | -7.43M | -6.87M | -2.47M | -6.04M | -3.05M | -944K | -2.03M | -1.25M | -2.28M | -3.11M | -3.42M | -2.46M | -3.24M | -3.94M | -8.94M | -16.27M | -19.89M | -20.47M | -23.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 247K | 229K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.43M | 6.87M | 2.47M | 6.04M | 3.05M | 944K | 2.03M | 1.25M | 2.28M | 3.11M | 3.42M | 2.46M | 3.48M | 4.17M | 8.94M | 16.27M | 19.89M | 21.36M | 23.7M | 2.85M | 0 | 0 | 17.09M | 18.8M | 1.94M | 243K | 4.87M | 3.83M | 4.6M | 3.5M | 4.1M |
| Other Income/Expense | 941K | -52.07M | -2.47M | -6.04M | -3.05M | -944K | -63.07M | -1.25M | -2.28M | -3.11M | -3.42M | -2.46M | 5.98M | -3.94M | -24.37M | -14.31M | -6.88M | -21.36M | -297.72M | -15.3M | -21.85M | -23.97M | -16.69M | -10.26M | -1.94M | -243K | -4.87M | -3.83M | -4.6M | -3.5M | -4.1M |
| Pretax Income | -52.55M | -38.15M | 116.57M | 74.95M | 215.72M | 164.56M | -125.88M | 92.43M | 88.31M | 82.89M | 86.46M | 95.06M | 80.12M | 80.5M | 50.89M | 43.52M | 20.77M | 19.79M | -277.96M | 25.69M | 78.63M | 74.14M | 75.58M | 63.1M | 33.41M | 17.28M | 24.75M | 37.81M | 43.3M | 40.3M | 32.2M |
| Pretax Margin % | -3.56% | -2.58% | 7.69% | 4.77% | 15.28% | 14.41% | -16.81% | 8.23% | 7.97% | 7.63% | 8.46% | 9.81% | 8.03% | 8.78% | 5.95% | 5.73% | 3.44% | 2.47% | -29.34% | 3.69% | 6.97% | 6.69% | 5.75% | 5.65% | 4.37% | 2.55% | 3.05% | 4.5% | 5.02% | 5.2% | 4.58% |
| Income Tax | -13.47M | -10.27M | 23.59M | 14.24M | 49.99M | 33.24M | -30.18M | 23.94M | 22.02M | 18.19M | 31.96M | 36.52M | 34.36M | 35.21M | 19.57M | 14.28M | 4.54M | 5.17M | -12.14M | 6.48M | 26.31M | 22.94M | 25.75M | 23.38M | 13.09M | 6.7M | 9.4M | 14.37M | 16.9M | 15.7M | 12.6M |
| Effective Tax Rate % | 25.63% | 26.9% | 20.24% | 19% | 23.17% | 20.2% | 23.98% | 25.9% | 24.93% | 21.94% | 36.97% | 38.42% | 42.89% | 43.74% | 38.46% | 32.81% | 21.85% | 26.12% | 4.37% | 25.21% | 33.46% | 30.94% | 34.07% | 37.06% | 39.17% | 38.81% | 38% | 38% | 39.03% | 38.96% | 39.13% |
| Net Income | -39.08M | -27.89M | 92.97M | 60.7M | 165.74M | 131.32M | -95.69M | 68.49M | 66.29M | 65.09M | 52.46M | 30.56M | 45.76M | 45.29M | 31.32M | 29.38M | 78.66M | 14.62M | -265.81M | 19.21M | 52.14M | 70.47M | 49.83M | 39.72M | 20.33M | 10.57M | 15.35M | 23.44M | 26.4M | 24.6M | 19.6M |
| Net Margin % | -2.65% | -1.89% | 6.13% | 3.86% | 11.74% | 11.5% | -12.78% | 6.1% | 5.99% | 5.99% | 5.13% | 3.15% | 4.59% | 4.94% | 3.66% | 3.87% | 13.02% | 1.83% | -28.05% | 2.76% | 4.62% | 6.35% | 3.79% | 3.56% | 2.66% | 1.56% | 1.89% | 2.79% | 3.06% | 3.18% | 2.79% |
| Net Income Growth % | -148.38% | -130% | 53.16% | -63.37% | 26.21% | 237.23% | -239.71% | 3.32% | 1.85% | 24.07% | 71.65% | -33.21% | 1.03% | 44.62% | 6.59% | -62.65% | 437.87% | 105.5% | -1483.36% | -63.15% | -26.02% | 41.43% | 25.46% | 95.39% | 92.27% | -31.11% | -34.53% | -11.21% | 7.32% | 25.51% | 790.91% |
| Net Income (Continuing) | -39.08M | -27.89M | 92.97M | 60.7M | 165.74M | 131.32M | -95.69M | 68.49M | 66.29M | 64.7M | 54.5M | 58.54M | 53.8M | 55.43M | 31.32M | 29.24M | 16.23M | 14.62M | -265.81M | 19.21M | 52.32M | 51.2M | 49.83M | 39.72M | 20.33M | 10.57M | 15.35M | 23.44M | 26.4M | 24.6M | 19.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 389K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.60 | -1.86 | 5.87 | 3.82 | 10.19 | 7.78 | -5.77 | 4.05 | 3.94 | 3.89 | 3.15 | 1.85 | 2.78 | 2.75 | 1.89 | 1.78 | 4.75 | 0.90 | -16.65 | 1.11 | 2.92 | 3.96 | 2.87 | 2.38 | 1.34 | 0.70 | 1.02 | 1.51 | 1.56 | 1.38 | 1.12 |
| EPS Growth % | -151.26% | -131.69% | 53.66% | -62.51% | 30.98% | 234.84% | -242.47% | 2.79% | 1.29% | 23.49% | 70.27% | -33.45% | 1.09% | 45.5% | 6.18% | -62.53% | 427.78% | 105.41% | -1600% | -61.99% | -26.26% | 37.98% | 20.59% | 77.61% | 91.43% | -31.37% | -32.45% | -3.21% | 13.04% | 23.21% | 761.54% |
| EPS (Basic) | - | -1.86 | 5.94 | 3.89 | 10.42 | 7.90 | -5.77 | 4.09 | 3.97 | 3.92 | 3.18 | 1.86 | 2.79 | 2.75 | 1.89 | 1.78 | 4.77 | 0.90 | -16.65 | 1.12 | 2.95 | 4.03 | 2.97 | 2.45 | 1.35 | 0.71 | 1.03 | 1.52 | 1.58 | 1.40 | 1.13 |
| Diluted Shares Outstanding | 15.01M | 14.96M | 15.83M | 15.91M | 16.26M | 16.87M | 16.58M | 16.91M | 16.84M | 16.73M | 16.65M | 16.56M | 16.47M | 16.48M | 16.59M | 16.53M | 16.55M | 16.3M | 15.97M | 17.36M | 17.88M | 17.78M | 17.35M | 16.7M | 15.14M | 15.1M | 14.97M | 15.3M | 16.98M | 17.89M | 17.58M |
| Basic Shares Outstanding | 14.89M | 14.96M | 15.66M | 15.59M | 15.9M | 16.63M | 16.58M | 16.76M | 16.68M | 16.6M | 16.52M | 16.46M | 16.43M | 16.45M | 16.56M | 16.51M | 16.5M | 16.3M | 15.97M | 17.23M | 17.67M | 17.49M | 16.79M | 16.06M | 15.03M | 15M | 14.93M | 15.3M | 16.76M | 17.63M | 17.42M |
| Dividend Payout Ratio | - | - | 46.5% | 68.74% | 21.29% | 20.97% | - | 36.81% | 34.78% | 27.94% | 34.54% | 54.45% | 30.32% | 26.31% | 31.69% | 29.16% | 9.25% | 40.27% | - | 33.59% | 27.59% | 13.52% | 16.42% | 17.42% | 31.06% | 59.35% | 41.11% | 27.87% | 26.14% | 28.86% | 35.71% |
Operating margin volatility
As indicated by the company's recent quarterly filings, Oxford Industries has experienced a consistent pattern of negative year-over-year revenue growth, with the most recent quarter reporting a 0.4% decline, suggesting that the firm is struggling to maintain top-line momentum across its core lifestyle apparel segments.
The persistent negative growth rates across the last ten quarters suggest that the company's reliance on seasonal resort wear may be facing structural headwinds. Investors should monitor whether this deceleration reflects a broader softening in discretionary consumer spending or a specific loss of market share within the premium apparel category.
Based on reported financial statements, Oxford Industries' gross margin has fluctuated significantly, dropping to 52.5% in 2025Q4 from a peak of 64.2% in 2025Q1, which highlights the vulnerability of the company's pricing power in an increasingly competitive and cost-sensitive retail environment.
The volatility in gross margins suggests that the company may be forced into promotional activity to clear seasonal inventory, undermining its premium brand positioning. This margin instability warrants further investigation into whether the current cost structure can support the high-touch, experiential retail model during periods of lower consumer demand.
According to the income statement data, the company's operating margin has collapsed from 12.5% in 2024Q2 to a negative 2.8% in 2025Q4, demonstrating that SG&A expenses are not scaling efficiently with revenue and are currently exerting severe downward pressure on overall profitability.
The inability to maintain positive operating income during recent periods suggests that the fixed costs associated with the hospitality-retail hybrid model are becoming a liability. This lack of operating leverage implies that the company may need to aggressively rationalize its physical footprint to restore historical profitability levels.
As reported in recent filings, SG&A costs have remained stubbornly high relative to revenue, consistently hovering near $210M to $225M per quarter, which indicates that management is struggling to achieve expense discipline amidst a challenging macroeconomic backdrop for discretionary retail and hospitality operations.
The persistence of high SG&A costs despite declining revenue suggests that the company's operating model is burdened by significant fixed overhead, likely tied to premium retail leases and hospitality staffing. This cost structure appears to be a primary driver of the recent earnings volatility and warrants close scrutiny by investors.
While management emphasizes the moat provided by its hospitality-retail hybrid, the recent negative net margin of -1.89% suggests that the capital-intensive nature of this strategy may be fundamentally incompatible with current market conditions, potentially leading to long-term value destruction if the model does not achieve scale.
Short-sellers may focus on the high fixed-cost base and the potential for further margin erosion if the 'Marlin Bar' concept fails to drive sufficient apparel conversion. The current financial performance raises questions about whether the experiential strategy is a true competitive advantage or merely an expensive operational distraction.
Quick answers to the most common questions about buying OXM stock.
For fiscal year 2025, Oxford Industries, Inc. (OXM) reported total revenue of $1.48B. This represents a 110.2% increase compared to $703.2M in 1996.
Oxford Industries, Inc. (OXM) reported a net loss of $27.9M for the fiscal year ending 2025.
Oxford Industries, Inc. (OXM) reported an operating income of $13.9M, resulting in an operating profit margin of 0.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Oxford Industries, Inc. (OXM) generated $831.8M in gross profit for the year, representing a gross profit margin of 56.3%. This demonstrates the company's core pricing power and production efficiency.