What is American Eagle Outfitters's earnings per share (EPS)?

American Eagle Outfitters (AEO) reported diluted earnings per share of $1.09 for fiscal year 2025. This represents a -35.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

American Eagle Outfitters (AEO) Financials

AEO

FY2025 annual

Revenue $5.5B +4.1% YoY

Net Income $186.0M -43.1% YoY

EPS (Diluted) $1.09 -35.1% YoY

Free Cash Flow $195.4M -23.2% YoY

Market Cap $3.0B as of Oct 17, 2026

Price / Sales 0.5x on $5.5B revenue, FY2025

Price / Earnings 16.2x on $186.0M net income, FY2025

Price / Book 1.7x on $1.8B equity, Q3 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2027, ended Aug 1, 2026 Reported Sep 10, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q3 FY2027, filed Sep 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AEO SEC filings page.

American Eagle Outfitters (AEO) reported $5.5B in revenue for fiscal year 2025, up 4.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AEO FY2025 2026-10-04

Sales surpassed $5.5B, but margin compression and heavier reinvestment made a retailer with no reported long-term debt less productive in cash terms.

The margin reset is the central operating change: gross margin fell to 36.5% in FY2025 from 39.2% the year before, while operating margin nearly halved. That gap indicates the sales increase was accompanied by pressure beyond merchandise cost, such as operating-expense absorption, rather than simply producing more profit at scale.

Operating cash flow of $456M exceeded net income of $186M, so reported earnings converted to cash better than a simple profit comparison would suggest. Yet $261M of capital expenditures left $195M of free cash flow, meaning reinvestment consumed much of operating cash generation.

The balance sheet has no reported long-term debt and a 1.5x current ratio, giving the business a relatively conservative funding structure. Inventory reached $702M in FY2025, while free cash flow fell from $254M to $195M, leaving less cash after reinvestment than the prior year.

Financial Health Signals

Financial Health Score 56/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of American Eagle Outfitters's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

American Eagle Outfitters has an operating margin of 4.1%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is down from 8.0% the prior year.

Growth

American Eagle Outfitters's revenue grew a modest 4.1% year-over-year to $5.5B. This slow but positive growth earns a score of 40/100.

Leverage

American Eagle Outfitters carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

American Eagle Outfitters's current ratio of 1.51 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

American Eagle Outfitters has a free cash flow margin of 3.5%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

American Eagle Outfitters's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 64/100. This is down from 18.5% the prior year.

Altman Z-Score Safe

3.37

American Eagle Outfitters scores 3.37, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

American Eagle Outfitters passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.45x

For every $1 of reported earnings, American Eagle Outfitters generates $2.45 in operating cash flow ($456.2M OCF vs $186.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.4B

YoY+7.5%

QoQ+15.5%

5Y CAGR+1.3%

10Y CAGR+4.2%

American Eagle Outfitters generated $1.4B in revenue in Q3 2027. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

EBITDA

$263.7M

YoY+67.2%

QoQ+231.0%

5Y CAGR+40.8%

American Eagle Outfitters's EBITDA was $263.7M in Q3 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.2% from the same quarter a year earlier. Against the prior quarter it is up 231.0%.

Net Income

$134.1M

YoY+72.7%

QoQ+470.0%

5Y CAGR+107.0%

10Y CAGR+6.1%

American Eagle Outfitters reported $134.1M in net income in Q3 2027. This represents an increase of 72.7% from the same quarter a year earlier. Against the prior quarter it is up 470.0%.

EPS (Diluted)

$0.79

YoY+75.6%

QoQ+464.3%

5Y CAGR+108.6%

10Y CAGR+7.6%

American Eagle Outfitters earned $0.79 per diluted share (EPS) in Q3 2027. This represents an increase of 75.6% from the same quarter a year earlier. Against the prior quarter it is up 464.3%.

Cash & Balance Sheet

Free Cash Flow

$115.3M

YoY+367.3%

QoQ+191.1%

American Eagle Outfitters generated $115.3M in free cash flow in Q3 2027, representing cash available after capex. This represents an increase of 367.3% from the same quarter a year earlier. Against the prior quarter it is up 191.1%.

Cash & Debt

$148.0M

YoY+16.7%

QoQ+43.2%

5Y CAGR-29.5%

10Y CAGR-8.6%

American Eagle Outfitters held $148.0M in cash against $55.0M in long-term debt as of Q3 2027, with $839.4M of liabilities due within a year.

Dividends Per Share

$0.13

YoY0.0%

QoQ0.0%

American Eagle Outfitters paid $0.13 per share in dividends in Q3 2027. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

168M

YoY-1.0%

QoQ0.0%

5Y CAGR+0.1%

10Y CAGR-1.5%

American Eagle Outfitters had 168M shares outstanding in Q3 2027. This represents a decrease of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

48.7%

YoY+9.7pp

QoQ+10.5pp

5Y change+14.7pp

10Y change+8.7pp

American Eagle Outfitters's gross margin was 48.7% in Q3 2027, indicating the percentage of revenue retained after direct costs. This is up 9.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.5 percentage points.

Operating Margin

15.3%

YoY+7.3pp

QoQ+13.0pp

5Y change+15.0pp

American Eagle Outfitters's operating margin was 15.3% in Q3 2027, reflecting core business profitability. This is up 7.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.0 percentage points.

Net Margin

9.7%

YoY+3.7pp

QoQ+7.7pp

5Y change+9.4pp

10Y change+1.7pp

American Eagle Outfitters's net profit margin was 9.7% in Q3 2027, showing the share of revenue converted to profit. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.7 percentage points.

Return on Equity

7.6%

YoY+2.6pp

QoQ+6.2pp

5Y change+7.3pp

10Y change+1.5pp

American Eagle Outfitters's ROE was 7.6% in Q3 2027, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.2 percentage points.

Capital Allocation

Share Buybacks

QoQ-100.0%

American Eagle Outfitters repurchased no shares in Q3 2027. Against the prior quarter it is down 100.0%.

Capital Expenditures

$66.2M

YoY-6.7%

QoQ+7.8%

American Eagle Outfitters invested $66.2M in capex in Q3 2027, funding long-term assets and infrastructure. This represents a decrease of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.

R&D Spending

Not reported for Q3 2027.

AEO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AEO quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$5.5B+4.1%	$5.3B+1.3%	$5.3B+5.4%	$5.0B-0.4%	$5.0B+33.3%	$3.8B-12.7%	$4.3B+6.8%	$4.0B+6.3%	$3.8B+5.1%	$3.6B+2.5%	$3.5B+7.3%	$3.3B-0.7%	$3.3B-4.9%	$3.5B+11.4%	$3.1B
Cost of Revenue	$3.5B+8.7%	$3.2B+0.1%	$3.2B-0.2%	$3.2B+7.5%	$3.0B+15.6%	$2.6B-6.3%	$2.8B+9.3%	$2.5B+5.1%	$2.4B+8.1%	$2.2B+1.1%	$2.2B+4.3%	$2.1B-2.9%	$2.2B	N/A	N/A
Gross Profit	$2.0B-3.0%	$2.1B+3.2%	$2.0B+16.0%	$1.7B-12.4%	$2.0B+73.5%	$1.1B-24.6%	$1.5B+2.3%	$1.5B+8.5%	$1.4B+0.3%	$1.4B+4.9%	$1.3B+12.8%	$1.2B+3.7%	$1.1B-19.9%	$1.4B+21.5%	$1.1B
SG&A Expenses	$1.5B+3.8%	$1.4B-0.1%	$1.4B+12.9%	$1.3B+3.9%	$1.2B+25.0%	$977.3M-5.1%	$1.0B+5.0%	$980.6M+11.5%	$879.7M+2.6%	$857.6M+2.7%	$834.7M+3.5%	$806.5M+1.3%	$796.5M-4.6%	$834.6M+16.2%	$718.1M
Operating Income	$226.2M-47.1%	$427.3M+91.9%	$222.7M-9.8%	$247.0M-58.2%	$591.1M+317.8%	-$271.3M-216.3%	$233.3M-30.8%	$337.1M+11.3%	$302.8M-8.7%	$331.5M+3.6%	$319.9M+105.4%	$155.8M+10.4%	$141.1M-64.3%	$394.6M+46.5%	$269.3M
EBITDA	$448.4M-30.8%	$647.8M+41.5%	$457.9M-0.4%	$459.5M-39.7%	$762.2M+820.7%	-$105.8M-125.5%	$414.7M-18.3%	$507.6M+7.5%	$472.3M-3.6%	$489.6M+4.5%	$468.7M+57.2%	$298.1M+8.4%	$275.1M-47.4%	$523.0M+27.6%	$409.8M
Income Tax	$63.9M-43.4%	$112.9M+61.6%	$69.8M+30.9%	$53.4M-61.7%	$139.3M+267.8%	-$83.0M-253.6%	$54.0M-35.1%	$83.2M+0.2%	$83.0M-32.4%	$122.8M+13.1%	$108.6M+53.5%	$70.7M+19.7%	$59.1M-57.2%	$137.9M+38.0%	$99.9M
Net Income	$186.0M-43.1%	$327.0M+93.5%	$169.0M+36.3%	$124.0M-70.5%	$420.0M+300.7%	-$209.3M-209.4%	$191.3M-27.0%	$261.9M+28.3%	$204.2M-3.9%	$212.4M-2.6%	$218.1M+171.6%	$80.3M-3.2%	$83.0M-64.2%	$232.1M+53.0%	$151.7M
EPS (Basic)	$1.12-34.5%	$1.71+96.6%	$0.87+26.1%	$0.69-72.4%	$2.50+298.4%	-$1.26-211.5%	$1.13-23.6%	$1.48+28.7%	$1.15-1.7%	$1.17+4.5%	$1.12+166.7%	$0.42-2.3%	$0.43-63.9%	$1.19+52.6%	$0.78
EPS (Diluted)	$1.09-35.1%	$1.68+95.3%	$0.86+34.4%	$0.64-68.5%	$2.03+261.1%	-$1.26-212.5%	$1.12-23.8%	$1.47+30.1%	$1.13-2.6%	$1.16+4.5%	$1.11+164.3%	$0.42-2.3%	$0.43-62.9%	$1.16+50.6%	$0.77
Diluted Shares (Avg)	176M-10.3%	196M-0.2%	197M-4.1%	205M-0.6%	207M+24.1%	166M-2.6%	171M-4.0%	178M-1.2%	180M-2.0%	184M-6.3%	196M+0.6%	195M+0.3%	194M-3.1%	201M+2.2%	196M

Metric	Q3'2710-Q	Q2'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-K	Q4'2510-Q	Q3'2510-Q
Revenue	$1.4B+7.5%	$1.2B+9.7%	$1.4B+5.7%	$1.3B-0.6%	$1.1B-4.7%	$1.7B+2.7%	$1.3B	$1.3B-0.8%
Cost of Revenue	$708.3M-9.6%	$739.1M-3.7%	$810.8M+6.3%	$783.7M-1.1%	$767.2M+12.9%	$917.9M-12.8%	$762.5M	$792.2M+4.6%
Gross Profit	$672.1M+34.4%	$456.2M+41.5%	$551.9M+4.8%	$500.0M+0.2%	$322.4M-30.5%	$741.0M+31.5%	$526.6M	$498.9M-8.3%
SG&A Expenses	$408.4M+19.3%	$376.5M+11.1%	$386.3M+9.9%	$342.2M-0.9%	$338.8M+1.6%	$396.3M-2.4%	$351.4M	$345.3M-4.6%
Operating Income	$211.4M+105.1%	$28.2M+133.1%	$112.6M+6.1%	$103.1M+2.0%	-$85.2M-209.4%	$305.3M+767.0%	$106.1M	$101.1M-19.3%
EBITDA	$263.7M+67.2%	$79.7M+351.6%	$165.5M+5.0%	$157.8M+2.7%	-$31.7M-123.8%	$368.2M+1570.2%	$157.7M	$153.6M-15.5%
Income Tax	$44.4M+87.2%	$4.7M+123.6%	$33.2M+17.8%	$23.7M-9.8%	-$19.7M-232.1%	$78.1M+5225.0%	$28.2M	$26.3M-26.0%
Net Income	$134.1M+72.7%	$23.5M+136.2%	$91.3M+14.2%	$77.6M+0.5%	-$64.9M-195.8%	$234.6M+633.0%	$80.0M	$77.3M-20.1%
EPS (Basic)	$0.80+77.8%	$0.14+138.9%	$0.54+28.6%	$0.45+12.5%	-$0.36-205.9%	$0.55+1733.3%	$0.42	$0.40-20.0%
EPS (Diluted)	$0.79+75.6%	$0.14+138.9%	$0.53+29.3%	$0.45+15.4%	-$0.36-205.9%	$0.54+1700.0%	$0.41	$0.39-20.4%
Diluted Shares (Avg)	170M-0.9%	172M-4.0%	173M-11.7%	172M-13.2%	180M-10.8%	N/A	196M	198M-0.3%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

AEO Balance Sheet

AEO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.0B+4.7%	$3.8B+7.7%	$3.6B+4.0%	$3.4B-9.7%	$3.8B+10.2%	$3.4B+3.2%	$3.3B+74.9%	$1.9B+4.8%	$1.8B+1.9%	$1.8B+10.6%	$1.6B-5.0%	$1.7B+0.2%	$1.7B-3.5%	$1.8B-10.0%	$2.0B
Current Assets	$1.3B-3.0%	$1.4B-5.5%	$1.4B+30.3%	$1.1B-21.2%	$1.4B-8.3%	$1.5B+45.3%	$1.0B+0.2%	$1.0B+8.0%	$968.5M+7.5%	$901.2M+24.6%	$723.4M-12.6%	$828.0M-10.8%	$928.0M-18.7%	$1.1B-11.3%	$1.3B
Cash & Equivalents	$238.9M-22.7%	$309.0M-12.7%	$354.1M+108.0%	$170.2M-60.9%	$434.8M-48.9%	$850.5M+135.0%	$361.9M+8.6%	$333.3M-19.4%	$413.6M+9.2%	$378.6M+45.6%	$260.1M-36.7%	$410.7M-2.0%	$418.9M-17.7%	$509.1M-29.2%	$719.5M
Short-Term Investments	$0-100.0%	$50.0M-50.0%	$100.0M	$0	$0	$0-100.0%	$55.0M-40.3%	$92.1M	$0	$0	$0	$0-100.0%	$10.0M-91.8%	$121.9M+378.0%	$25.5M
Inventory	$702.0M+10.3%	$636.7M-0.6%	$640.7M+9.5%	$585.1M+5.7%	$553.5M+36.5%	$405.4M-9.1%	$446.3M+5.2%	$424.4M+6.6%	$398.2M+11.1%	$358.4M+17.5%	$305.2M+9.4%	$279.0M-4.3%	$291.5M-12.3%	$332.5M-9.5%	$367.5M
Accounts Receivable	$258.6M-1.4%	$262.4M+5.8%	$247.9M+2.3%	$242.4M-15.5%	$286.7M+96.2%	$146.1M+22.7%	$119.1M+27.4%	$93.5M+19.4%	$78.3M-9.6%	$86.6M+7.1%	$80.9M+19.2%	$67.9M-8.1%	$73.9M+59.5%	$46.3M+14.9%	$40.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$225.3M+0.1%	$225.1M-0.1%	$225.3M-15.0%	$264.9M-2.4%	$271.4M+1945.8%	$13.3M+0.8%	$13.2M-11.7%	$14.9M-1.1%	$15.1M+1.2%	$14.9M-13.4%	$17.2M+31.2%	$13.1M-3.2%	$13.5M+17.8%	$11.5M+0.1%	$11.5M
Total Liabilities	$2.3B+12.1%	$2.1B+13.5%	$1.8B0.0%	$1.8B-22.9%	$2.4B+0.6%	$2.3B+12.8%	$2.1B+237.9%	$615.8M+8.1%	$569.5M-1.5%	$578.1M+3.1%	$560.9M+0.7%	$557.2M+5.5%	$528.0M-1.3%	$534.9M+0.2%	$534.0M
Current Liabilities	$867.6M-1.7%	$882.7M-1.0%	$891.2M+15.9%	$768.9M-8.8%	$842.9M-1.8%	$858.5M+14.2%	$751.8M+38.5%	$542.6M+11.8%	$485.2M-1.7%	$493.8M+6.5%	$463.7M+1.0%	$459.1M+10.5%	$415.5M-4.7%	$435.9M+7.5%	$405.4M
Non-Current Liabilities	$1.5B+22.8%	$1.2B+27.0%	$930.0M-11.7%	$1.1B-30.7%	$1.5B+2.0%	$1.5B+12.1%	$1.3B+1716.2%	$73.2M-13.2%	$84.3M0.0%	$84.3M-13.3%	$97.2M-0.9%	$98.1M-12.8%	$112.5M+13.7%	$99.0M-23.0%	$128.6M
Long-Term Debt	$0	$0	$0-100.0%	$8.9M-97.4%	$341.0M+4.8%	$325.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.7B-4.0%	$1.8B+1.5%	$1.7B+8.6%	$1.6B+12.3%	$1.4B+31.0%	$1.1B-12.9%	$1.2B-3.1%	$1.3B+3.3%	$1.2B+3.5%	$1.2B+14.6%	$1.1B-7.8%	$1.1B-2.3%	$1.2B-4.5%	$1.2B-13.8%	$1.4B
Retained Earnings	$2.6B+3.9%	$2.5B+10.9%	$2.2B+3.6%	$2.1B-3.0%	$2.2B+17.9%	$1.9B-11.4%	$2.1B+2.6%	$2.1B+9.1%	$1.9B+6.1%	$1.8B+7.0%	$1.7B+7.5%	$1.5B-1.7%	$1.6B+1.1%	$1.6B-12.3%	$1.8B

Metric	Q3'2710-Q	Q2'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-K	Q4'2510-Q	Q3'2510-Q
Total Assets	$4.3B+5.4%	$4.1B+8.3%	$4.2B+12.1%	$4.1B+14.7%	$3.8B+5.9%	$3.8B+7.7%	$3.7B	$3.5B+0.6%
Current Assets	$1.3B+5.2%	$1.2B+13.8%	$1.4B+4.6%	$1.3B+1.8%	$1.1B-17.0%	$1.4B-5.5%	$1.3B	$1.2B-7.8%
Cash & Equivalents	$148.0M+16.7%	$103.3M+17.6%	$112.8M-29.6%	$126.8M-33.9%	$87.9M-70.8%	$309.0M-12.7%	$160.2M	$191.8M-20.4%
Short-Term Investments	$0	$0	$0	$0	$0	$50.0M-50.0%	$0	$0
Inventory	$817.9M+13.9%	$816.7M+26.6%	$891.2M+10.8%	$718.3M+8.2%	$645.1M-5.3%	$636.7M-0.6%	$804.3M	$663.7M-13.7%
Accounts Receivable	$245.2M+3.3%	$200.8M-12.2%	$245.3M+14.6%	$237.4M+2.4%	$228.6M-1.0%	$262.4M+5.8%	$214.1M	$231.8M-3.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$225.2M0.0%	$225.3M0.0%	$225.2M0.0%	$225.2M0.0%	$225.2M0.0%	$225.1M-0.1%	$225.2M	$225.2M-15.0%
Total Liabilities	$2.5B-0.2%	$2.4B+6.1%	$2.6B+28.9%	$2.5B+36.5%	$2.3B+27.2%	$2.1B+13.5%	$2.0B	$1.8B+3.6%
Current Liabilities	$839.4M+7.1%	$801.6M+1.8%	$854.8M+0.4%	$783.4M-1.4%	$787.7M+1.9%	$882.7M-1.0%	$851.0M	$794.4M-4.4%
Non-Current Liabilities	$1.7B-3.2%	$1.6B+8.6%	$1.7B+50.2%	$1.7B+64.8%	$1.5B+45.9%	$1.2B+27.0%	$1.1B	$1.1B+10.5%
Long-Term Debt	$55.0M-72.9%	$85.0M-22.7%	$210.0M	$203.0M	$110.0M	$0	$0	$0
Total Equity	$1.8B+14.4%	$1.6B+11.8%	$1.6B-6.9%	$1.5B-9.0%	$1.5B-16.0%	$1.8B+1.5%	$1.7B	$1.7B-2.5%
Retained Earnings	$2.7B+10.8%	$2.6B+8.7%	$2.5B+4.6%	$2.4B+4.2%	$2.4B+4.1%	$2.5B+10.9%	$2.4B	$2.3B+3.8%

AEO Cash Flow Statement

AEO quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$456.2M-4.3%	$476.8M-17.9%	$580.7M+42.9%	$406.3M+33.8%	$303.7M+50.0%	$202.5M-51.3%	$415.4M-9.0%	$456.6M+15.8%	$394.4M+7.9%	$365.6M+6.9%	$341.9M+1.0%	$338.4M+47.2%	$229.9M-54.0%	$499.7M+79.6%	$278.1M
Depreciation & Amortization	$222.2M+0.8%	$220.5M-6.2%	$235.2M+10.7%	$212.5M+24.2%	$171.2M+3.4%	$165.6M-8.7%	$181.4M+6.4%	$170.5M+0.6%	$169.5M+7.1%	$158.2M+6.3%	$148.9M+4.6%	$142.4M+6.2%	$134.0M+4.4%	$128.4M-8.6%	$140.5M
Stock-Based Compensation	$39.4M-0.5%	$39.6M-22.4%	$51.1M+31.0%	$39.0M+2.2%	$38.2M+16.4%	$32.8M+42.3%	$23.0M-16.2%	$27.5M+62.9%	$16.9M-42.0%	$29.1M-16.7%	$35.0M+117.7%	$16.1M+345.7%	-$6.5M-109.9%	$66.3M+465.9%	$11.7M
Capital Expenditures	$260.8M+17.2%	$222.5M+27.6%	$174.4M-33.0%	$260.4M+11.3%	$233.8M+82.7%	$128.0M-39.2%	$210.4M+11.3%	$189.0M+11.5%	$169.5M+4.9%	$161.5M+5.4%	$153.3M-37.4%	$245.0M-12.0%	$278.5M+196.5%	$93.9M+5.0%	$89.5M
Free Cash Flow	$195.4M-23.2%	$254.3M-37.4%	$406.3M+178.4%	$145.9M+109.0%	$69.8M-6.3%	$74.5M-63.7%	$205.1M-23.4%	$267.6M+19.0%	$225.0M+10.2%	$204.1M+8.2%	$188.7M+101.9%	$93.4M+292.1%	-$48.6M-112.0%	$405.7M+115.0%	$188.7M
Investing Cash Flow	-$202.7M+6.8%	-$217.5M+24.3%	-$287.4M-10.0%	-$261.4M+56.0%	-$594.6M-704.1%	-$73.9M+57.7%	-$174.9M+38.2%	-$282.8M-64.3%	-$172.2M-5.6%	-$163.0M	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$326.9M-8.3%	-$301.9M-175.8%	-$109.5M+73.2%	-$407.9M-225.8%	-$125.2M-134.8%	$359.9M+270.4%	-$211.2M+16.3%	-$252.5M-33.8%	-$188.8M-121.9%	-$85.1M	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$85.3M-11.6%	$96.5M+15.1%	$83.8M+29.4%	$64.8M-43.2%	$113.9M+398.6%	$22.9M-75.4%	$92.8M-4.5%	$97.1M+9.7%	$88.5M-2.4%	$90.7M-6.7%	$97.2M0.0%	$97.2M+34.5%	$72.3M-82.1%	$403.5M+371.4%	$85.6M
Share Buybacks	$56.9M-70.2%	$190.9M+1689.9%	$10.7M+9.1%	$9.8M	N/A	$20.0M-82.2%	$112.4M-22.2%	$144.4M+64.7%	$87.7M	N/A	$227.1M	N/A	$33.1M-81.0%	$173.6M+1044.8%	$15.2M

Metric	Q3'2710-Q	Q2'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-K	Q4'2510-Q	Q3'2510-Q
Operating Cash Flow	$181.5M+552.7%	-$65.2M-19.3%	$67.1M+26.9%	$27.8M-64.5%	-$54.7M-43.5%	$383.8M+29.5%	$52.9M	$78.3M-42.7%
Depreciation & Amortization	$52.3M-4.3%	$51.5M-3.8%	$53.0M+2.7%	$54.7M+4.2%	$53.5M-2.9%	$57.0M-6.0%	$51.6M	$52.5M-7.0%
Stock-Based Compensation	$6.8M+4.6%	$22.1M+7.3%	$6.1M+1.7%	$6.5M-4.4%	$20.6M-0.1%	N/A	$6.0M	$6.8M-31.3%
Capital Expenditures	$66.2M-6.7%	$61.4M-0.3%	$69.7M+14.7%	$71.0M+16.8%	$61.6M+70.1%	$64.9M+64.1%	$60.7M	$60.7M+41.4%
Free Cash Flow	$115.3M+367.3%	-$126.6M-8.9%	-$2.5M+67.9%	-$43.1M-346.3%	-$116.3M-56.5%	$318.9M+24.2%	-$7.8M	$17.5M-81.3%
Investing Cash Flow	-$66.4M-6.6%	-$61.9M-422.9%	-$69.8M-15.0%	-$62.3M+3.5%	-$11.8M-120.0%	-$151.5M-5.8%	-$60.7M	-$64.5M-40.9%
Financing Cash Flow	-$70.7M-199.0%	-$8.6M+94.4%	-$11.9M+49.3%	$71.4M+159.4%	-$154.1M-107.7%	-$83.9M-107.2%	-$23.5M	-$120.3M-432.9%
Dividends Paid	$21.0M-1.0%	$20.9M-3.3%	$21.2M-11.8%	$21.2M-11.9%	$21.7M-11.9%	$23.8M-3.6%	$24.0M	$24.0M+21.6%
Share Buybacks	$0	$53.5M+70.9%	$0	$0-100.0%	$31.3M-10.4%	$60.0M	$0	$96.0M

AEO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AEO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	36.5%-2.7pp	39.2%+0.7pp	38.5%+3.5pp	35.0%-4.8pp	39.8%+9.2pp	30.5%-4.8pp	35.3%-1.5pp	36.9%+0.8pp	36.1%-1.8pp	37.9%+0.9pp	37.0%+1.8pp	35.2%+1.5pp	33.7%-6.3pp	40.0%+3.3pp	36.7%
Operating Margin	4.1%-3.9pp	8.0%+3.8pp	4.2%-0.7pp	5.0%-6.8pp	11.8%+19.0pp	-7.2%-12.6pp	5.4%-2.9pp	8.3%+0.4pp	8.0%-1.2pp	9.2%+0.1pp	9.1%+4.3pp	4.7%+0.5pp	4.3%-7.1pp	11.3%+2.7pp	8.6%
Net Margin	3.4%-2.8pp	6.1%+2.9pp	3.2%+0.7pp	2.5%-5.9pp	8.4%+14.0pp	-5.6%-10.0pp	4.4%-2.0pp	6.5%+1.1pp	5.4%-0.5pp	5.9%-0.3pp	6.2%+3.7pp	2.5%-0.1pp	2.5%-4.2pp	6.7%+1.8pp	4.9%
Return on Equity	11.0%-7.6pp	18.5%+8.8pp	9.7%+2.0pp	7.8%-21.7pp	29.5%+48.8pp	-19.3%-34.6pp	15.3%-5.0pp	20.3%+4.0pp	16.4%-1.3pp	17.6%-3.1pp	20.8%+13.7pp	7.0%-0.1pp	7.1%-11.9pp	19.0%+8.3pp	10.7%
Return on Assets	4.6%-3.9pp	8.5%+3.8pp	4.8%+1.1pp	3.6%-7.5pp	11.1%+17.2pp	-6.1%-11.8pp	5.8%-8.0pp	13.8%+2.5pp	11.2%-0.7pp	11.9%-1.6pp	13.5%+8.8pp	4.7%-0.2pp	4.9%-8.3pp	13.2%+5.4pp	7.8%
Current Ratio	1.510.0x	1.53-0.1x	1.61+0.2x	1.43-0.2x	1.66-0.1x	1.77+0.4x	1.39-0.5x	1.93-0.1x	2.00+0.2x	1.83+0.3x	1.56-0.2x	1.80-0.4x	2.23-0.4x	2.62-0.6x	3.18
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.01-0.2x	0.24-0.1x	0.30-1.4x	1.67+1.2x	0.480.0x	0.460.0x	0.48-0.1x	0.530.0x	0.490.0x	0.450.0x	0.44+0.1x	0.38
Asset Turnover	1.380.0x	1.39-0.1x	1.480.0x	1.46+0.1x	1.32+0.2x	1.09-0.2x	1.29-0.8x	2.120.0x	2.09+0.1x	2.02-0.2x	2.18+0.2x	1.930.0x	1.950.0x	1.98+0.4x	1.60
FCF Margin	3.5%-1.2pp	4.8%-3.0pp	7.7%+4.8pp	2.9%+1.5pp	1.4%-0.6pp	2.0%-2.8pp	4.8%-1.9pp	6.6%+0.7pp	5.9%+0.3pp	5.7%+0.3pp	5.4%+2.5pp	2.9%+4.3pp	-1.5%-13.1pp	11.7%+5.6pp	6.0%

Metric	Q3'2710-Q	Q2'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-K	Q4'2510-Q	Q3'2510-Q
Gross Margin	48.7%+9.7pp	38.2%+8.6pp	40.5%-0.3pp	39.0%+0.3pp	29.6%-11.0pp	44.7%+9.8pp	40.8%	38.6%-3.2pp
Operating Margin	15.3%+7.3pp	2.4%+10.2pp	8.3%0.0pp	8.0%+0.2pp	-7.8%-14.6pp	18.4%+21.2pp	8.2%	7.8%-1.8pp
Net Margin	9.7%+3.7pp	2.0%+7.9pp	6.7%+0.5pp	6.0%+0.1pp	-6.0%-11.9pp	14.1%+16.9pp	6.2%	6.0%-1.5pp
Return on Equity	7.6%+2.6pp	1.4%+5.8pp	5.6%+1.0pp	5.0%+0.5pp	-4.4%-8.3pp	13.3%+15.8pp	4.6%	4.6%-1.0pp
Return on Assets	3.1%+1.2pp	0.6%+2.3pp	2.2%0.0pp	1.9%-0.3pp	-1.7%-3.6pp	6.1%+7.4pp	2.1%	2.2%-0.6pp
Current Ratio	1.590.0x	1.55+0.2x	1.63+0.1x	1.62+0.1x	1.38-0.3x	1.53-0.1x	1.57	1.57-0.1x
Debt-to-Equity	0.03-0.1x	0.050.0x	0.13+0.1x	0.13+0.1x	0.07+0.1x	0.000.0x	0.00	0.000.0x
Asset Turnover	0.320.0x	0.290.0x	0.330.0x	0.320.0x	0.290.0x	0.430.0x	0.34	0.360.0x
FCF Margin	8.3%+11.7pp	-10.6%+0.1pp	-0.2%+0.4pp	-3.4%-4.7pp	-10.7%-4.2pp	19.2%+3.3pp	-0.6%	1.4%-5.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
American Eagle Outfitters AEO	FY2025	$5.5B	$186.0M	3.4%	$3.0B	56/100
The Buckle, Inc. BKE	FY2025	$1.3B	$209.7M	16.2%	$2.4B	65/100
Abercrombie & Fitch Co. ANF	FY2025	$5.3B	$506.9M	9.6%	$6.5B	60/100
Boot Barn Holdings, Inc. BOOT	FY2026	$2.3B	$225.9M	10.0%	$3.7B	66/100
Foot Locker, Inc. FL	FY2024	$8.0B	$12.0M	0.1%	$2.3B	45/100
Victorias Secret & Co. VSCO	FY2026	$6.6B	$161.0M	2.5%	$4.3B	43/100

Where American Eagle Outfitters Ranks

Frequently Asked Questions

What is American Eagle Outfitters's annual revenue?

American Eagle Outfitters (AEO) reported $5.5B in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is American Eagle Outfitters's revenue growing?

American Eagle Outfitters (AEO) revenue grew by 4.1% year-over-year, from $5.3B to $5.5B in fiscal year 2025.

Is American Eagle Outfitters profitable?

Yes, American Eagle Outfitters (AEO) reported a net income of $186.0M in fiscal year 2025, with a net profit margin of 3.4%.

What is American Eagle Outfitters's EBITDA?

American Eagle Outfitters (AEO) had EBITDA of $448.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does American Eagle Outfitters have?

As of fiscal year 2025, American Eagle Outfitters (AEO) had $238.9M in cash and equivalents against $0 in long-term debt.

What is American Eagle Outfitters's gross margin?

American Eagle Outfitters (AEO) had a gross margin of 36.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is American Eagle Outfitters's operating margin?

American Eagle Outfitters (AEO) had an operating margin of 4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is American Eagle Outfitters's net profit margin?

American Eagle Outfitters (AEO) had a net profit margin of 3.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does American Eagle Outfitters pay dividends?

Yes, American Eagle Outfitters (AEO) paid $0.50 per share in dividends during fiscal year 2025.

What is American Eagle Outfitters's return on equity (ROE)?

American Eagle Outfitters (AEO) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is American Eagle Outfitters's free cash flow?

American Eagle Outfitters (AEO) generated $195.4M in free cash flow during fiscal year 2025. This represents a -23.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is American Eagle Outfitters's operating cash flow?

American Eagle Outfitters (AEO) generated $456.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are American Eagle Outfitters's total assets?

American Eagle Outfitters (AEO) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are American Eagle Outfitters's capital expenditures?

American Eagle Outfitters (AEO) invested $260.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does American Eagle Outfitters buy back shares?

Yes, American Eagle Outfitters (AEO) spent $56.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does American Eagle Outfitters have outstanding?

American Eagle Outfitters (AEO) had 167M shares outstanding as of fiscal year 2025.

What is American Eagle Outfitters's current ratio?

American Eagle Outfitters (AEO) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.

What is American Eagle Outfitters's debt-to-equity ratio?

American Eagle Outfitters (AEO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is American Eagle Outfitters's return on assets (ROA)?

American Eagle Outfitters (AEO) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is American Eagle Outfitters's P/E ratio?

American Eagle Outfitters (AEO) trades at 16.2x earnings, its market capitalization divided by net income of $186.0M net income, FY2025. The market capitalization is $3.0B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is American Eagle Outfitters's price-to-sales ratio?

American Eagle Outfitters (AEO) trades at 0.5x sales, its market capitalization divided by revenue of $5.5B revenue, FY2025. The market capitalization is $3.0B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is American Eagle Outfitters's Altman Z-Score?

American Eagle Outfitters (AEO) has an Altman Z-Score of 3.37, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is American Eagle Outfitters's Piotroski F-Score?

American Eagle Outfitters (AEO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are American Eagle Outfitters's earnings high quality?

American Eagle Outfitters (AEO) has an earnings quality ratio of 2.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is American Eagle Outfitters?

American Eagle Outfitters (AEO) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.