American Eagle Outfitters Inc Financials
American Eagle Outfitters Inc (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).
Top-line growth is being diluted by margin compression and inventory intensity, weakening cash efficiency in FY2025.
Despite another revenue increase, operating margin fell from8.0% in FY2024 to4.1% in FY2025, so incremental sales produced far less operating profit. The reversal coincided with inventory rising to$702M while free cash flow fell to$195M , indicating growth absorbed more working capital instead of converting proportionally into cash.
Debt-free financing is a defining feature: long-term debt was
Operating cash flow of
Financial Health Signals
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 Inc'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.
American Eagle Outfitters Inc 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 56/100, indicating healthy but not exceptional operating efficiency. This is down from 8.0% the prior year.
American Eagle Outfitters Inc's revenue grew a modest 4.1% year-over-year to $5.5B. This slow but positive growth earns a score of 41/100.
American Eagle Outfitters Inc 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.
American Eagle Outfitters Inc's current ratio of 1.51 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
American Eagle Outfitters Inc has a free cash flow margin of 3.5%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
American Eagle Outfitters Inc earns a strong 11.0% return on equity (ROE), meaning it generates $11 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is down from 18.5% the prior year.
American Eagle Outfitters Inc scores 3.31, 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.
American Eagle Outfitters Inc 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.
For every $1 of reported earnings, American Eagle Outfitters Inc 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
Earnings & Revenue
American Eagle Outfitters Inc generated $5.5B in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.
American Eagle Outfitters Inc's EBITDA was $448.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.8% from the prior year.
American Eagle Outfitters Inc reported $186.0M in net income in fiscal year 2025. This represents a decrease of 43.1% from the prior year.
American Eagle Outfitters Inc earned $1.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.1% from the prior year.
Cash & Balance Sheet
American Eagle Outfitters Inc generated $195.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 23.2% from the prior year.
American Eagle Outfitters Inc held $238.9M in cash against $0 in long-term debt as of fiscal year 2025, with $867.6M of liabilities due within a year.
American Eagle Outfitters Inc paid $0.50 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
American Eagle Outfitters Inc's gross margin was 36.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
American Eagle Outfitters Inc's operating margin was 4.1% in fiscal year 2025, reflecting core business profitability. This is down 3.9 percentage points from the prior year.
American Eagle Outfitters Inc's net profit margin was 3.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.
American Eagle Outfitters Inc's ROE was 11.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.6 percentage points from the prior year.
Capital Allocation
American Eagle Outfitters Inc spent $56.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 70.2% from the prior year.
American Eagle Outfitters Inc invested $260.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.2% from the prior year.
Not reported for fiscal year 2025.
AEO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B-12.3% | $1.4B+6.2% | $1.3B+17.8% | $1.1B-34.3% | $1.7B+28.7% | $1.3B-0.2% | $1.3B+12.9% | $1.1B |
| Cost of Revenue | $739.1M-8.8% | $810.8M+3.5% | $783.7M+2.2% | $767.2M-16.4% | $917.9M+20.4% | $762.5M-3.7% | $792.2M+16.6% | $679.6M |
| Gross Profit | $456.2M-17.3% | $551.9M+10.4% | $500.0M+55.1% | $322.4M-56.5% | $741.0M+40.7% | $526.6M+5.6% | $498.9M+7.5% | $464.2M |
| SG&A Expenses | $376.5M-2.5% | $386.3M+12.9% | $342.2M+1.0% | $338.8M-14.5% | $396.3M+12.8% | $351.4M+1.8% | $345.3M+3.5% | $333.5M |
| Operating Income | $28.2M-74.9% | $112.6M+9.2% | $103.1M+221.0% | -$85.2M-127.9% | $305.3M+187.8% | $106.1M+4.9% | $101.1M+29.9% | $77.8M |
| Income Tax | $4.7M-86.0% | $33.2M+40.2% | $23.7M+220.3% | -$19.7M-125.3% | $78.1M+176.7% | $28.2M+7.3% | $26.3M+76.2% | $14.9M |
| Net Income | $23.5M-74.2% | $91.3M+17.7% | $77.6M+219.6% | -$64.9M-127.7% | $234.6M+193.2% | $80.0M+3.6% | $77.3M+14.0% | $67.8M |
| EPS (Diluted) | $0.14-73.6% | $0.53+17.8% | $0.45+225.0% | -$0.36 | $0.54 | $0.41+5.1% | $0.39+14.7% | $0.34 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
AEO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.1B-2.6% | $4.2B+3.2% | $4.1B+7.8% | $3.8B-1.7% | $3.8B+2.5% | $3.7B+5.5% | $3.5B-0.5% | $3.6B |
| Current Assets | $1.2B-11.3% | $1.4B+9.9% | $1.3B+16.8% | $1.1B-19.7% | $1.4B+1.4% | $1.3B+7.0% | $1.2B-4.8% | $1.3B |
| Cash & Equivalents | $103.3M-8.5% | $112.8M-11.0% | $126.8M+44.3% | $87.9M-71.6% | $309.0M+92.9% | $160.2M-16.5% | $191.8M-36.2% | $300.5M |
| Inventory | $816.7M-8.4% | $891.2M+24.1% | $718.3M+11.4% | $645.1M+1.3% | $636.7M-20.8% | $804.3M+21.2% | $663.7M-2.6% | $681.1M |
| Accounts Receivable | $200.8M-18.2% | $245.3M+3.4% | $237.4M+3.8% | $228.6M-12.9% | $262.4M+22.5% | $214.1M-7.6% | $231.8M+0.4% | $230.9M |
| Goodwill | $225.3M0.0% | $225.2M0.0% | $225.2M0.0% | $225.2M+0.1% | $225.1M-0.1% | $225.2M0.0% | $225.2M0.0% | $225.3M |
| Total Liabilities | $2.4B-5.0% | $2.6B+1.9% | $2.5B+9.6% | $2.3B+11.1% | $2.1B+3.9% | $2.0B+7.8% | $1.8B+2.3% | $1.8B |
| Current Liabilities | $801.6M-6.2% | $854.8M+9.1% | $783.4M-0.5% | $787.7M-10.8% | $882.7M+3.7% | $851.0M+7.1% | $794.4M+2.7% | $773.3M |
| Long-Term Debt | $85.0M-59.5% | $210.0M+3.4% | $203.0M+84.5% | $110.0M | $0 | $0 | $0 | $0 |
| Total Equity | $1.6B+1.2% | $1.6B+5.2% | $1.5B+5.0% | $1.5B-16.6% | $1.8B+1.0% | $1.7B+3.1% | $1.7B-3.3% | $1.8B |
| Retained Earnings | $2.6B+3.2% | $2.5B+2.9% | $2.4B+2.4% | $2.4B-3.9% | $2.5B+3.4% | $2.4B+2.4% | $2.3B+2.3% | $2.3B |
AEO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$65.2M-197.1% | $67.1M+141.4% | $27.8M+150.9% | -$54.7M-114.2% | $383.8M+625.4% | $52.9M-32.4% | $78.3M+305.3% | -$38.1M |
| Capital Expenditures | $61.4M-11.8% | $69.7M-1.8% | $71.0M+15.2% | $61.6M-5.0% | $64.9M+6.8% | $60.7M0.0% | $60.7M+67.7% | $36.2M |
| Free Cash Flow | -$126.6M-4939.3% | -$2.5M+94.2% | -$43.1M+62.9% | -$116.3M-136.5% | $318.9M+4178.8% | -$7.8M-144.6% | $17.5M+123.6% | -$74.3M |
| Investing Cash Flow | -$61.9M+11.4% | -$69.8M-12.1% | -$62.3M-426.3% | -$11.8M+92.2% | -$151.5M-149.4% | -$60.7M+5.9% | -$64.5M-209.0% | $59.2M |
| Financing Cash Flow | -$8.6M+27.5% | -$11.9M-116.7% | $71.4M+146.3% | -$154.1M-83.7% | -$83.9M-256.9% | -$23.5M+80.5% | -$120.3M-62.1% | -$74.2M |
| Dividends Paid | $20.9M-1.2% | $21.2M+0.1% | $21.2M-2.3% | $21.7M-9.1% | $23.8M-0.8% | $24.0M-0.1% | $24.0M-2.3% | $24.6M |
| Share Buybacks | $53.5M | $0 | $0-100.0% | $31.3M-47.8% | $60.0M | $0-100.0% | $96.0M+174.7% | $34.9M |
AEO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2%-2.3pp | 40.5%+1.6pp | 39.0%+9.4pp | 29.6%-15.1pp | 44.7%+3.8pp | 40.8%+2.2pp | 38.6%-1.9pp | 40.6% |
| Operating Margin | 2.4%-5.9pp | 8.3%+0.2pp | 8.0%+15.8pp | -7.8%-26.2pp | 18.4%+10.2pp | 8.2%+0.4pp | 7.8%+1.0pp | 6.8% |
| Net Margin | 2.0%-4.7pp | 6.7%+0.7pp | 6.0%+12.0pp | -6.0%-20.1pp | 14.1%+7.9pp | 6.2%+0.2pp | 6.0%+0.1pp | 5.9% |
| Return on Equity | 1.4%-4.2pp | 5.6%+0.6pp | 5.0%+9.4pp | -4.4%-17.7pp | 13.3%+8.7pp | 4.6%0.0pp | 4.6%+0.7pp | 3.9% |
| Return on Assets | 0.6%-1.6pp | 2.2%+0.3pp | 1.9%+3.6pp | -1.7%-7.8pp | 6.1%+4.0pp | 2.1%0.0pp | 2.2%+0.3pp | 1.9% |
| Current Ratio | 1.55-0.1x | 1.630.0x | 1.62+0.2x | 1.38-0.2x | 1.530.0x | 1.570.0x | 1.57-0.1x | 1.70 |
| Debt-to-Equity | 0.05-0.1x | 0.130.0x | 0.13+0.1x | 0.07+0.1x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
| FCF Margin | -10.6%-10.4pp | -0.2%+3.2pp | -3.4%+7.3pp | -10.7%-29.9pp | 19.2%+19.8pp | -0.6%-2.0pp | 1.4%+7.9pp | -6.5% |
Similar Companies
Where American Eagle Outfitters Inc Ranks
Frequently Asked Questions
What is American Eagle Outfitters Inc's annual revenue?
American Eagle Outfitters Inc (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 Inc's revenue growing?
American Eagle Outfitters Inc (AEO) revenue grew by 4.1% year-over-year, from $5.3B to $5.5B in fiscal year 2025.
Is American Eagle Outfitters Inc profitable?
Yes, American Eagle Outfitters Inc (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 Inc's EBITDA?
American Eagle Outfitters Inc (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 Inc have?
As of fiscal year 2025, American Eagle Outfitters Inc (AEO) had $238.9M in cash and equivalents against $0 in long-term debt.
What is American Eagle Outfitters Inc's gross margin?
American Eagle Outfitters Inc (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 Inc's operating margin?
American Eagle Outfitters Inc (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 Inc's net profit margin?
American Eagle Outfitters Inc (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 Inc pay dividends?
Yes, American Eagle Outfitters Inc (AEO) paid $0.50 per share in dividends during fiscal year 2025.
What is American Eagle Outfitters Inc's return on equity (ROE)?
American Eagle Outfitters Inc (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 Inc's free cash flow?
American Eagle Outfitters Inc (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 Inc's operating cash flow?
American Eagle Outfitters Inc (AEO) generated $456.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Eagle Outfitters Inc's total assets?
American Eagle Outfitters Inc (AEO) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are American Eagle Outfitters Inc's capital expenditures?
American Eagle Outfitters Inc (AEO) invested $260.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is American Eagle Outfitters Inc's current ratio?
American Eagle Outfitters Inc (AEO) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.
What is American Eagle Outfitters Inc's debt-to-equity ratio?
American Eagle Outfitters Inc (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 Inc's return on assets (ROA)?
American Eagle Outfitters Inc (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 Inc's Altman Z-Score?
American Eagle Outfitters Inc (AEO) has an Altman Z-Score of 3.31, 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 Inc's Piotroski F-Score?
American Eagle Outfitters Inc (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 Inc's earnings high quality?
American Eagle Outfitters Inc (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 Inc?
American Eagle Outfitters Inc (AEO) scores 57 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.