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Abercrombie & Fitch Co Financials

ANF
Source SEC Filings (10-K/10-Q) Updated Nov 1, 2025 Currency USD FYE February

This page shows Abercrombie & Fitch Co (ANF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 60 / 100
Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
55

Abercrombie & Fitch Co has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is up from 11.3% the prior year.

Growth
59

Abercrombie & Fitch Co's revenue surged 15.6% year-over-year to $4.9B, reflecting rapid business expansion. This strong growth earns a score of 59/100.

Leverage
69

Abercrombie & Fitch Co carries a low D/E ratio of 1.60, meaning only $1.60 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
23

Abercrombie & Fitch Co's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow
52

Abercrombie & Fitch Co has a free cash flow margin of 10.7%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
100

Abercrombie & Fitch Co earns a strong 47.6% return on equity (ROE), meaning it generates $48 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 30.4% the prior year.

Altman Z-Score Safe
5.32

Abercrombie & Fitch Co scores 5.32, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
8/9

Abercrombie & Fitch Co passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.25x

For every $1 of reported earnings, Abercrombie & Fitch Co generates $1.25 in operating cash flow ($710.4M OCF vs $566.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
61.3x

Abercrombie & Fitch Co earns $61.3 in operating income for every $1 of interest expense ($740.8M vs $12.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.9B
YoY+15.6%
5Y CAGR+6.4%
10Y CAGR+2.8%

Abercrombie & Fitch Co generated $4.9B in revenue in fiscal year 2025. This represents an increase of 15.6% from the prior year.

EBITDA
$894.6M
YoY+43.0%
5Y CAGR+29.7%
10Y CAGR+10.2%

Abercrombie & Fitch Co's EBITDA was $894.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.0% from the prior year.

Net Income
$566.2M
YoY+72.6%
5Y CAGR+70.4%
10Y CAGR+27.0%

Abercrombie & Fitch Co reported $566.2M in net income in fiscal year 2025. This represents an increase of 72.6% from the prior year.

EPS (Diluted)
$10.69
YoY+71.9%
5Y CAGR+77.9%
10Y CAGR+31.2%

Abercrombie & Fitch Co earned $10.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 71.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$527.5M
YoY+6.4%
5Y CAGR+40.0%
10Y CAGR+14.4%

Abercrombie & Fitch Co generated $527.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 6.4% from the prior year.

Cash & Debt
$510.6M
YoY-40.9%
5Y CAGR-6.2%
10Y CAGR+2.3%

Abercrombie & Fitch Co held $510.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
49M
YoY-4.2%
5Y CAGR-4.5%
10Y CAGR-3.5%

Abercrombie & Fitch Co had 49M shares outstanding in fiscal year 2025. This represents a decrease of 4.2% from the prior year.

Margins & Returns

Gross Margin
64.1%
YoY+1.2pp
5Y CAGR+4.8pp
10Y CAGR+2.4pp

Abercrombie & Fitch Co's gross margin was 64.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin
15.0%
YoY+3.7pp
5Y CAGR+13.0pp
10Y CAGR+11.9pp

Abercrombie & Fitch Co's operating margin was 15.0% in fiscal year 2025, reflecting core business profitability. This is up 3.7 percentage points from the prior year.

Net Margin
11.4%
YoY+3.8pp
5Y CAGR+10.4pp
10Y CAGR+10.1pp

Abercrombie & Fitch Co's net profit margin was 11.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.8 percentage points from the prior year.

Return on Equity
47.6%
YoY+17.2pp
5Y CAGR+42.6pp
10Y CAGR+43.7pp

Abercrombie & Fitch Co's ROE was 47.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 17.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$229.8M
5Y CAGR+29.3%
10Y CAGR-2.1%

Abercrombie & Fitch Co spent $229.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$182.9M
YoY+15.9%
5Y CAGR-2.0%
10Y CAGR+0.5%

Abercrombie & Fitch Co invested $182.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 15.9% from the prior year.

ANF Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $1.3B+6.8% $1.2B+10.1% $1.1B-27.3% $1.5B+24.8% $1.2B+6.6% $1.1B+11.1% $1.0B-19.5% $1.3B
Cost of Revenue $483.7M+7.1% $451.6M+8.3% $417.1M-22.3% $537.0M+27.3% $422.0M+6.1% $397.7M+15.9% $343.3M-34.3% $522.3M
Gross Profit $806.9M+6.6% $757.0M+11.3% $680.2M-30.0% $971.3M+23.4% $786.9M+6.9% $736.3M+8.7% $677.5M-9.2% $745.9M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $193.4M+10.3% $175.3M+0.2% $174.9M-16.4% $209.2M+11.1% $188.2M+5.7% $178.1M-6.0% $189.5M N/A
Operating Income $155.0M-25.0% $206.7M+103.5% $101.5M-64.3% $284.4M+58.6% $179.3M+2.1% $175.6M+35.3% $129.8M+2.3% $127.0M
Interest Expense $550K-11.3% $620K-6.2% $661K-88.3% $5.7M+894.4% $569K-89.0% $5.2M-10.2% $5.8M-30.9% $8.4M
Income Tax $45.9M-30.2% $65.7M+147.4% $26.6M-61.2% $68.5M+26.5% $54.2M+19.1% $45.4M+129.6% $19.8M-66.7% $59.5M
Net Income $113.0M-20.1% $141.4M+75.8% $80.4M-63.6% $220.7M+67.2% $132.0M-0.9% $133.2M+17.0% $113.8M+86.1% $61.2M
EPS (Diluted) $2.36-18.9% $2.91+83.0% $1.59 N/A $2.500.0% $2.50+16.8% $2.14 N/A

ANF Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $3.5B+5.4% $3.3B+6.6% $3.1B-6.2% $3.3B+0.9% $3.3B+7.2% $3.0B+2.7% $3.0B-0.1% $3.0B
Current Assets $1.6B+8.1% $1.5B+8.4% $1.4B-17.9% $1.7B+1.1% $1.7B+9.2% $1.5B+0.5% $1.5B-1.8% $1.5B
Cash & Equivalents $605.8M+5.8% $572.7M+12.2% $510.6M-33.9% $772.7M+13.1% $683.1M-7.5% $738.4M-14.6% $864.2M-4.1% $900.9M
Inventory $730.5M+23.2% $593.0M+9.4% $542.1M-5.7% $575.0M-17.0% $692.6M+28.3% $539.8M+20.1% $449.3M-4.3% $469.5M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $2.2B+7.6% $2.0B+5.4% $1.9B-2.9% $2.0B-2.9% $2.0B+9.8% $1.8B-2.5% $1.9B-2.5% $1.9B
Current Liabilities $1.2B+12.0% $1.0B+3.9% $998.9M-11.4% $1.1B-4.7% $1.2B+12.4% $1.1B+14.3% $919.7M-4.9% $966.8M
Long-Term Debt N/A N/A N/A $0 $0 $0-100.0% $213.1M-4.1% $222.1M
Total Equity $1.3B+1.9% $1.3B+8.7% $1.2B-11.0% $1.3B+7.1% $1.2B+3.4% $1.2B+11.8% $1.1B+4.2% $1.0B
Retained Earnings $3.5B+3.3% $3.4B+4.3% $3.3B+2.4% $3.2B+6.2% $3.0B+4.6% $2.9B+4.8% $2.7B+3.8% $2.6B

ANF Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $200.1M+71.2% $116.9M+3022.3% -$4.0M-101.3% $307.6M+115.7% $142.6M-13.6% $165.1M+73.8% $95.0M-68.7% $303.3M
Capital Expenditures $68.3M+3.2% $66.2M+30.4% $50.8M-0.2% $50.9M+0.9% $50.4M+17.8% $42.8M+10.0% $38.9M+33.2% $29.2M
Free Cash Flow $131.8M+160.0% $50.7M+192.6% -$54.8M-121.3% $256.8M+178.3% $92.2M-24.6% $122.3M+118.0% $56.1M-79.5% $274.1M
Investing Cash Flow -$63.3M-5266.3% -$1.2M+96.2% -$30.8M+72.2% -$110.7M-22.4% -$90.4M-56.5% -$57.8M-48.5% -$38.9M-33.2% -$29.2M
Financing Cash Flow -$103.8M-84.8% -$56.2M+76.0% -$234.5M-129.2% -$102.3M+3.1% -$105.6M+54.9% -$234.0M-151.8% -$93.0M-285.8% -$24.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $100.0M+95.2% $51.2M-74.4% $200.0M+100.0% $100.0M+0.2% $99.8M+565.4% $15.0M0.0% $15.0M $0

ANF Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 62.5%-0.1pp 62.6%+0.6pp 62.0%-2.4pp 64.4%-0.7pp 65.1%+0.2pp 64.9%-1.4pp 66.4%+7.6pp 58.8%
Operating Margin 12.0%-5.1pp 17.1%+7.9pp 9.3%-9.6pp 18.9%+4.0pp 14.8%-0.7pp 15.5%+2.8pp 12.7%+2.7pp 10.0%
Net Margin 8.8%-2.9pp 11.7%+4.4pp 7.3%-7.3pp 14.6%+3.7pp 10.9%-0.8pp 11.7%+0.6pp 11.2%+6.3pp 4.8%
Return on Equity 8.6%-2.4pp 10.9%+4.2pp 6.8%-9.8pp 16.5%+5.9pp 10.6%-0.5pp 11.0%+0.5pp 10.5%+4.6pp 5.9%
Return on Assets 3.3%-1.0pp 4.3%+1.7pp 2.6%-4.1pp 6.7%+2.7pp 4.0%-0.3pp 4.4%+0.5pp 3.8%+1.8pp 2.1%
Current Ratio 1.38-0.1 1.43+0.1 1.38-0.1 1.48+0.1 1.40-0.0 1.44-0.2 1.64+0.1 1.59
Debt-to-Equity 1.64+0.1 1.56-0.0 1.60+1.6 0.000.0 0.000.0 0.00-0.2 0.20-0.0 0.21
FCF Margin 10.2%+6.0pp 4.2%+9.2pp -5.0%-22.0pp 17.0%+9.4pp 7.6%-3.2pp 10.8%+5.3pp 5.5%-16.1pp 21.6%

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Frequently Asked Questions

Abercrombie & Fitch Co (ANF) reported $4.9B in total revenue for fiscal year 2025. This represents a 15.6% 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.

Abercrombie & Fitch Co (ANF) revenue grew by 15.6% year-over-year, from $4.3B to $4.9B in fiscal year 2025.

Yes, Abercrombie & Fitch Co (ANF) reported a net income of $566.2M in fiscal year 2025, with a net profit margin of 11.4%.

Abercrombie & Fitch Co (ANF) reported diluted earnings per share of $10.69 for fiscal year 2025. This represents a 71.9% 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.

Abercrombie & Fitch Co (ANF) had EBITDA of $894.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Abercrombie & Fitch Co (ANF) had a gross margin of 64.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Abercrombie & Fitch Co (ANF) had an operating margin of 15.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Abercrombie & Fitch Co (ANF) had a net profit margin of 11.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Abercrombie & Fitch Co (ANF) has a return on equity of 47.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Abercrombie & Fitch Co (ANF) generated $527.5M in free cash flow during fiscal year 2025. This represents a 6.4% 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.

Abercrombie & Fitch Co (ANF) generated $710.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Abercrombie & Fitch Co (ANF) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Abercrombie & Fitch Co (ANF) invested $182.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Abercrombie & Fitch Co (ANF) spent $229.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Abercrombie & Fitch Co (ANF) had 49M shares outstanding as of fiscal year 2025.

Abercrombie & Fitch Co (ANF) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.

Abercrombie & Fitch Co (ANF) had a debt-to-equity ratio of 1.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Abercrombie & Fitch Co (ANF) had a return on assets of 18.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Abercrombie & Fitch Co (ANF) has an Altman Z-Score of 5.32, 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.

Abercrombie & Fitch Co (ANF) has a Piotroski F-Score of 8 out of 9, indicating strong 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Abercrombie & Fitch Co (ANF) has an earnings quality ratio of 1.25x, 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.

Abercrombie & Fitch Co (ANF) has an interest coverage ratio of 61.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Abercrombie & Fitch Co (ANF) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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