ANF ABERCROMBIE & FITCH CO /DE/

Overview and Growth

In fiscal 2025, ABERCROMBIE & FITCH CO /DE/ recorded $5.27B of revenue, net income of $506.92M, and an operating cash inflow of $619.14M. At $5.27B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $4.95B in fiscal 2024, revenue recorded a 6.4% year-over-year increase. On a per-share basis, diluted EPS was $10.46, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 2.2% from $10.69 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 1.49x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $3.24B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 61.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $699.14M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 13.3%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $506.92M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 9.6% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $720.77M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 13.7%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $205.78M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 28.5%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 35.7%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

The company held $3.54B of assets against $2.12B of liabilities and $1.42B of equity, revealing how the asset base was financed. At period end, current assets of $1.65B compared with current liabilities of $1.11B, defining the company’s short-term resource position. At 1.49x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $759.54M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 68.7%, excluding receivables and other current assets. Liabilities represented 59.9% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 21.4%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $3.30B in fiscal 2024, the current asset base moved 7.3% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $619.14M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.22x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $240.77M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 38.9%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $378.37M of positive free cash flow for the period. Free cash flow represented 7.2% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 10.7%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.