AEO

MKT CAP:$3B

American Eagle Outfitters, Inc.

Market Cap

$3B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel - Retail·🇺🇸·NYSE

Stock Price

$19.96-$6.39 (-24.26%)

Apr 21, 2026

Company Details

American 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 fo...

CEO

Jay L. Schottenstein

IPO Date

Apr 14, 1994

Website

www.aeo-inc.com

Key Metrics TTM

Revenue

$5.3B

-1.2% YoY

Net Income

$208M

EPS (Diluted)

$1.16

Free Cash Flow

$290M

Revenue / Share

$30.90

Gross Margin

32.9%

Operating Margin

5.4%

Net Margin

3.9%

FCF Margin

5.4%

P/S

0.6x

P/E

14.3x

Earnings Reports

FY 2025

Mar 4, 2026

$5.5B+3.2%EPS $1.09

Q3 2025

Dec 9, 2025

$1.4B+5.7%EPS $0.53

Q2 2025

Sep 9, 2025

$1.3B-0.6%EPS $0.45

Q1 2025

Jun 5, 2025

$1.1B-4.7%EPS -$0.36

FY 2024

Mar 20, 2025

$5.3B+1.3%EPS $1.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$1.5B	$442M	$92M
Q1 22	$1.1B	$341M	$42M
Q2 22	$1.2B	$322M	$14M
Q3 22	$1.2B	$429M	$118M
Q4 22	$1.5B	$447M	$96M
Q1 23	$1.1B	$356M	$44M
Q2 23	$1.2B	$397M	$65M
Q3 23	$1.3B	$487M	$125M
Q4 23	$1.7B	$568M	$130M
Q1 24	$1.1B	$411M	$78M
Q2 24	$1.3B	$446M	$101M
Q3 24	$1.3B	$475M	$124M
Q4 24	$1.6B	$544M	$142M
Q1 25	$1.1B	$271M	-$68M
Q2 25	$1.3B	$445M	$103M
Q3 25	$1.4B	$499M	$113M

Valuation

Quarter	P/S	P/E
Q4 21	0.6x	7.1x
Q1 22	0.6x	8.4x
Q2 22	0.6x	15.5x
Q3 22	0.6x	24.6x
Q4 22	0.6x	23.8x
Q1 23	0.6x	26.6x
Q2 23	0.6x	14.7x
Q3 23	0.6x	13.6x
Q4 23	0.6x	17.5x
Q1 24	0.6x	13.6x
Q2 24	0.6x	12.0x
Q3 24	0.6x	12.9x
Q4 24	0.6x	9.0x
Q1 25	0.6x	15.1x
Q2 25	0.6x	15.1x
Q3 25	0.6x	14.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$170M	$81M
Q1 22	-$108M	-$167M
Q2 22	$3M	-$67M
Q3 22	$19M	-$53M
Q4 22	$493M	$432M
Q1 23	-$8M	-$54M
Q2 23	$156M	$110M
Q3 23	$136M	$93M
Q4 23	$296M	$257M
Q1 24	-$38M	-$74M
Q2 24	$78M	$18M
Q3 24	$53M	-$8M
Q4 24	$384M	$319M
Q1 25	-$55M	-$116M
Q2 25	$28M	$89M
Q3 25	$67M	-$3M

Capital Expenditures

Quarter	CapEx
Q4 21	$89M
Q1 22	$58M
Q2 22	$69M
Q3 22	$72M
Q4 22	$61M
Q1 23	$46M
Q2 23	$46M
Q3 23	$43M
Q4 23	$40M
Q1 24	$36M
Q2 24	$61M
Q3 24	$61M
Q4 24	$65M
Q1 25	$62M
Q2 25	$62M
Q3 25	$70M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+16.7%	+19.4%
Q1 22	+2.0%	+12.4%
Q2 22	+0.3%	+15.4%
Q3 22	-2.6%	+5.5%
Q4 22	-0.8%	-1.1%
Q1 23	+2.5%	+2.3%
Q2 23	+0.2%	-4.1%
Q3 23	+4.9%	+4.7%
Q4 23	+12.2%	+10.6%
Q1 24	+5.8%	+2.8%
Q2 24	+7.5%	+4.8%
Q3 24	-0.9%	-0.9%
Q4 24	-4.4%	-5.6%
Q1 25	-4.7%	+8.6%
Q2 25	-0.6%	-0.8%
Q3 25	+5.7%	+7.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$9M	0.6%
Q1 22	$14M	1.4%
Q2 22	$9M	0.7%
Q3 22	$7M	0.6%
Q4 22	$9M	0.6%
Q1 23	$15M	1.4%
Q2 23	$11M	0.9%
Q3 23	$10M	0.8%
Q4 23	$16M	0.9%
Q1 24	$21M	1.8%
Q2 24	$7M	0.5%
Q3 24	$6M	0.5%
Q4 24	$6M	0.4%
Q1 25	$21M	1.9%
Q2 25	$7M	0.5%
Q3 25	$6M	0.4%

OpEx Breakdown

Quarter	SG&A
Q4 21	$350M
Q1 22	$299M
Q2 22	$308M
Q3 22	$311M
Q4 22	$351M
Q1 23	$312M
Q2 23	$332M
Q3 23	$362M
Q4 23	$427M
Q1 24	$333M
Q2 24	$345M
Q3 24	$351M
Q4 24	$402M
Q1 25	$339M
Q2 25	$342M
Q3 25	$386M

Revenue Segments

Quarter	Aerie Brand	American Eagle Brand	Corporate, Non-Segment	Intersegment Eliminations
Q4 21	$428M	$1.0B	$39M	—
Q1 22	$322M	$686M	$48M	—
Q2 22	$372M	$778M	$49M	—
Q3 22	$350M	$838M	$53M	—
Q4 22	$464M	$962M	$70M	—
Q1 23	$359M	$671M	$51M	—
Q2 23	$380M	$767M	$108M	-$55M
Q3 23	$393M	$857M	$112M	-$61M
Q4 23	$537M	$1.1B	$218M	-$143M
Q1 24	$373M	$725M	$55M	-$9M
Q2 24	$416M	$828M	$57M	-$10M
Q3 24	$410M	$832M	$57M	-$10M
Q4 24	$540M	$1.0B	$75M	-$11M
Q1 25	$360M	$694M	$44M	-$8M
Q2 25	$429M	$800M	$62M	-$7M
Q3 25	$462M	$854M	$55M	-$8M

Revenue by Geography

Quarter	Non-US	United States
Q1 22	$147M	$908M
Q2 22	$171M	$1.0B
Q3 22	$164M	$1.1B
Q4 22	$239M	$1.3B
Q1 23	$167M	$914M
Q2 23	$196M	$1.0B
Q3 23	$187M	$1.1B
Q4 23	$288M	$1.4B
Q1 24	$191M	$953M
Q2 24	$202M	$1.1B
Q3 24	$190M	$1.1B
Q4 24	$253M	$1.4B
Q1 25	$168M	$922M
Q2 25	$200M	$1.1B
Q3 25	$209M	$1.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$229M	$0	$229M
Q2 22	$98M	$0	$98M
Q3 22	$82M	$0	$82M
Q4 22	$170M	$0	$170M
Q1 23	$118M	$0	$118M
Q2 23	$175M	$0	$175M
Q3 23	$241M	$0	$241M
Q4 23	$354M	$100M	$454M
Q1 24	$301M	$0	$301M
Q2 24	$192M	$0	$192M
Q3 24	$160M	$0	$160M
Q4 24	$309M	$50M	$359M
Q1 25	$88M	$0	$88M
Q2 25	$127M	$0	$127M
Q3 25	$113M	$0	$113M
Q4 25	$239M	$0	$239M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	203M	-0.8%	+3.5%
Q1 22	220M	+8.0%	+6.4%
Q2 22	180M	-18.0%	-13.8%
Q3 22	196M	+8.7%	-4.5%
Q4 22	197M	+0.6%	-3.2%
Q1 23	197M	+0.1%	-10.3%
Q2 23	196M	-0.5%	+8.8%
Q3 23	198M	+1.2%	+1.3%
Q4 23	200M	+0.6%	+1.4%
Q1 24	201M	+0.9%	+2.1%
Q2 24	198M	-1.8%	+0.8%
Q3 24	196M	-1.0%	-1.3%
Q4 24	193M	-1.2%	-3.1%
Q1 25	180M	-7.2%	-10.8%
Q2 25	172M	-4.4%	-13.2%
Q3 25	173M	+0.7%	-11.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$37.0K	41K
Q1 22	$25.9K	41K
Q2 22	$29.4K	41K
Q3 22	$30.4K	41K
Q4 22	$37.4K	40K
Q1 23	$27.0K	40K
Q2 23	$30.0K	40K
Q3 23	$32.5K	40K
Q4 23	$39.0K	43K
Q1 24	$26.5K	43K
Q2 24	$30.0K	43K
Q3 24	$29.9K	43K
Q4 24	$36.5K	44K
Q1 25	$24.8K	44K
Q2 25	$29.2K	44K
Q3 25	$31.0K	44K

Revenue / Employee