ANF

MKT CAP:$4B

Abercrombie & Fitch Co.

Market Cap

$4B

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

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

Stock Price

$94.36-$29.38 (-23.74%)

Apr 17, 2026

Company Details

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women...

CEO

Fran Horowitz

IPO Date

Sep 26, 1996

Website

www.abercrombie.com

Key Metrics TTM

Revenue

$5.5B

+38.9% YoY

Net Income

$434M

EPS (Diluted)

$8.52

Free Cash Flow

$891M

Revenue / Share

$117.08

Gross Margin

56.1%

Operating Margin

11.2%

Net Margin

7.9%

FCF Margin

16.2%

P/S

0.7x

P/E

9.0x

Earnings Reports

FY 2025

Mar 4, 2026

$5.3BEPS $10.46

Q4 2025

Mar 4, 2026

$1.7BEPS $3.68

FY 2023

Apr 1, 2024

$4.3B+15.8%EPS $6.22

Q4 2023

Apr 1, 2024

$1.5B+21.1%EPS $2.97

FY 2022

Mar 27, 2023

$3.7B-0.4%EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$1.0B	$563M	$50M
Q4 17	$1.2B	$654M	$152M
Q4 18	$1.2B	$634M	$119M
Q4 19	$1.2B	$638M	$123M
Q1 20	$485M	$217M	-$170M
Q4 20	$1.1B	$638M	$59M
Q4 21	$1.2B	$637M	$92M
Q4 22	$1.2B	$609M	$67M
Q4 23	$1.5B	$877M	$220M
Q4 25	$1.7B	$953M	$237M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q4 17	—	—
Q4 18	—	—
Q4 19	0.9x	12.9x
Q1 20	1.0x	385.3x
Q4 20	1.0x	213.1x
Q4 21	1.0x	—
Q4 22	1.0x	—
Q4 23	0.8x	11.3x
Q4 25	0.7x	9.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$163M	$119M
Q4 17	$256M	$235M
Q4 18	$276M	$222M
Q4 19	$335M	$286M
Q1 20	-$141M	-$188M
Q4 20	$246M	$236M
Q4 21	$146M	$112M
Q4 22	$299M	$255M
Q4 23	$303M	$274M
Q4 25	$306M	$251M

Capital Expenditures

Quarter	CapEx
Q4 16	$44M
Q4 17	$21M
Q4 18	$54M
Q4 19	$48M
Q1 20	$47M
Q4 20	$10M
Q4 21	$35M
Q4 22	$44M
Q4 23	$29M
Q4 25	$56M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	-53.2%	-33.6%
Q4 20	-6.0%	+2.2%
Q4 21	+0.5%	+3.2%
Q4 22	+1.3%	+6.7%
Q4 23	+199.3%	+88.2%
Q4 25	+48.8%	+34.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$5M	—
Q4 17	$6M	—
Q4 18	$5M	—
Q4 19	$6M	—
Q1 20	$5M	1.1%
Q4 20	$5M	—
Q4 21	$7M	—
Q4 22	$6M	—
Q4 23	$11M	—
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 16	—	—	$513M
Q4 17	—	—	$501M
Q4 18	—	—	$515M
Q4 19	—	—	$515M
Q1 20	—	—	$386M
Q4 20	—	—	$579M
Q4 21	—	—	$545M
Q4 22	—	—	$541M
Q4 23	—	—	$657M
Q4 25	$182M	$575M	—

Revenue Segments

Quarter	Abercrombie	Hollister
Q1 20	$212M	$273M

Revenue by Geography

Quarter	Asia Pacific	Europe	Other Locations	United States
Q1 20	$32M	$113M	$18M	$323M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$468M	$0	$468M
Q2 22	$370M	$0	$370M
Q3 22	$257M	$0	$257M
Q4 22	$518M	$0	$518M
Q1 23	$447M	$0	$447M
Q2 23	$617M	$0	$617M
Q3 23	$649M	$0	$649M
Q4 23	$901M	$0	$901M
Q1 24	$864M	$0	$864M
Q2 24	$738M	$0	$738M
Q3 24	$683M	$56M	$739M
Q4 24	$773M	$116M	$889M
Q1 25	$511M	$97M	$608M
Q2 25	$573M	$31M	$604M
Q3 25	$606M	$25M	$631M
Q4 25	$760M	$25M	$785M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	70M	—	—
Q4 17	73M	+4.3%	—
Q4 18	73M	+0.9%	—
Q4 19	68M	-6.7%	—
Q1 20	63M	-8.5%	-10.1%
Q4 20	63M	+0.1%	-13.8%
Q4 21	59M	-5.3%	-19.1%
Q4 22	51M	-13.5%	-25.0%
Q4 23	53M	+4.3%	-14.6%
Q4 25	47M	-12.3%	-25.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$64.8K	16K
Q4 17	$74.6K	16K
Q4 18	$82.5K	14K
Q4 19	$84.6K	14K
Q1 20	$11.0K	44K
Q4 20	$33.0K	34K
Q4 21	$36.9K	32K
Q4 22	$40.5K	30K
Q4 23	$49.1K	30K
Q4 25	$42.6K	39K

Revenue / Employee