Hanesbrands Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hanesbrands Inc has an operating margin of 5.3%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 26/100, suggesting thin profitability after operating expenses. This is down from 7.3% the prior year.
Hanesbrands Inc's revenue declined 3.6% year-over-year, from $3.6B to $3.5B. This contraction results in a growth score of 18/100.
Hanesbrands Inc has elevated debt relative to equity (D/E of 64.28), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Hanesbrands Inc's current ratio of 1.37 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
Hanesbrands Inc has a free cash flow margin of 6.5%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
Hanesbrands Inc scores 1.67, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Hanesbrands Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hanesbrands Inc generates $-0.82 in operating cash flow ($264.2M OCF vs -$320.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Hanesbrands Inc earns $0.9 in operating income for every $1 of interest expense ($185.9M vs $195.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Hanesbrands Inc (HBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Key Financial Metrics
Hanesbrands Inc generated $3.5B in revenue in fiscal year 2024. This represents a decrease of 3.6% from the prior year.
Hanesbrands Inc's EBITDA was $265.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.5% from the prior year.
Hanesbrands Inc generated $226.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 56.3% from the prior year.
Hanesbrands Inc reported -$320.4M in net income in fiscal year 2024. This represents a decrease of 1707.7% from the prior year.
Hanesbrands Inc earned $-0.91 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1720.0% from the prior year.
Hanesbrands Inc held $214.9M in cash against $2.2B in long-term debt as of fiscal year 2024.
Hanesbrands Inc had 353M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Hanesbrands Inc's gross margin was 38.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the prior year.
Hanesbrands Inc's operating margin was 5.3% in fiscal year 2024, reflecting core business profitability. This is down 2.0 percentage points from the prior year.
Hanesbrands Inc's net profit margin was -9.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.
Hanesbrands Inc invested $16.0M in research and development in fiscal year 2024. This represents a decrease of 12.9% from the prior year.
Hanesbrands Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Hanesbrands Inc invested $37.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 14.0% from the prior year.
HBI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $891.7M-10.1% | $991.3M+30.4% | $760.1M-14.4% | $888.5M-1.3% | $900.4M-7.6% | $973.9M+30.8% | $744.7M-12.4% | $850.3M |
| Cost of Revenue | $528.2M-8.8% | $579.4M+30.7% | $443.4M-11.0% | $498.2M-5.4% | $526.9M-22.0% | $675.6M+51.1% | $447.2M-12.1% | $508.7M |
| Gross Profit | $363.4M-11.8% | $411.9M+30.1% | $316.7M-18.9% | $390.3M+4.5% | $373.5M+25.2% | $298.3M+0.3% | $297.4M-12.9% | $341.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $255.9M-0.5% | $257.3M+8.6% | $236.8M-12.5% | $270.6M-3.2% | $279.4M-22.7% | $361.5M+38.0% | $262.0M+6.0% | $247.2M |
| Operating Income | $107.5M-30.5% | $154.7M+93.5% | $79.9M-33.2% | $119.7M+27.3% | $94.0M+248.8% | -$63.2M-278.5% | $35.4M-62.5% | $94.4M |
| Interest Expense | $47.1M-0.9% | $47.5M+9.7% | $43.3M-6.8% | $46.5M-4.2% | $48.5M-3.5% | $50.3M-0.6% | $50.6M-5.8% | $53.7M |
| Income Tax | -$219.5M-1841.6% | $12.6M+143.8% | $5.2M-43.3% | $9.1M-20.3% | $11.4M-0.5% | $11.5M+34.0% | $8.6M+113.2% | -$65.1M |
| Net Income | $270.7M+231.7% | $81.6M+963.1% | -$9.5M+26.6% | -$12.9M-143.0% | $30.0M+110.0% | -$298.4M-662.7% | -$39.1M-150.2% | $77.9M |
| EPS (Diluted) | $0.76+230.4% | $0.23+866.7% | $-0.03+25.0% | $-0.04-150.0% | $0.08+109.4% | $-0.85-672.7% | $-0.11-150.0% | $0.22 |
HBI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.3B+6.4% | $4.0B+5.2% | $3.8B-0.5% | $3.8B-29.7% | $5.5B+1.5% | $5.4B-3.8% | $5.6B-0.9% | $5.6B |
| Current Assets | $1.9B+1.0% | $1.9B+8.6% | $1.7B-0.1% | $1.7B-26.7% | $2.3B+2.4% | $2.3B-1.6% | $2.3B+2.1% | $2.3B |
| Cash & Equivalents | $217.6M-1.3% | $220.3M+25.2% | $175.9M-18.1% | $214.9M-32.2% | $316.8M+48.5% | $213.3M+21.2% | $176.0M-5.0% | $185.2M |
| Inventory | $991.0M+3.5% | $957.0M-2.1% | $977.3M+12.2% | $871.0M-2.9% | $897.2M-2.1% | $916.7M-11.1% | $1.0B+7.9% | $956.4M |
| Accounts Receivable | $455.0M-6.6% | $487.0M+42.4% | $342.1M-9.1% | $376.2M-18.8% | $463.3M0.0% | $463.3M+16.3% | $398.5M-5.9% | $423.7M |
| Goodwill | $649.6M+0.2% | $648.4M+1.2% | $640.6M+0.3% | $638.4M-3.6% | $662.1M+1.3% | $653.9M+0.7% | $649.1M-1.6% | $659.4M |
| Total Liabilities | $3.8B-0.6% | $3.9B+2.0% | $3.8B-0.8% | $3.8B-28.3% | $5.3B-0.1% | $5.3B+1.2% | $5.3B+0.6% | $5.2B |
| Current Liabilities | $1.2B+1.4% | $1.2B+10.9% | $1.1B-11.3% | $1.2B-20.8% | $1.6B+0.6% | $1.6B+7.3% | $1.5B+5.0% | $1.4B |
| Long-Term Debt | $2.2B-2.6% | $2.3B-2.4% | $2.3B+6.2% | $2.2B-31.9% | $3.2B-0.4% | $3.2B-0.4% | $3.2B+0.1% | $3.2B |
| Total Equity | $446.4M+168.4% | $166.4M+282.9% | $43.4M+27.7% | $34.0M-77.2% | $149.3M+131.9% | $64.4M-81.0% | $338.2M-19.4% | $419.4M |
| Retained Earnings | $577.5M+88.3% | $306.8M+36.2% | $225.1M-4.0% | $234.5M-5.2% | $247.4M+13.8% | $217.4M-57.8% | $515.8M-7.0% | $554.8M |
HBI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.6M-24.0% | $36.3M+133.6% | -$108.2M-260.4% | $67.4M-26.9% | $92.2M+17.6% | $78.4M+199.7% | $26.2M-90.5% | $274.4M |
| Capital Expenditures | $5.3M-41.2% | $9.1M-19.4% | $11.2M+96.9% | $5.7M+39.7% | $4.1M-47.8% | $7.8M-61.3% | $20.3M+145.1% | $8.3M |
| Free Cash Flow | $22.3M-18.3% | $27.2M+122.8% | -$119.4M-293.5% | $61.7M-30.0% | $88.1M+24.8% | $70.6M+1093.6% | $5.9M-97.8% | $266.1M |
| Investing Cash Flow | -$3.9M+65.9% | -$11.4M-164.9% | $17.6M-97.9% | $844.9M+11509.5% | -$7.4M-75.9% | -$4.2M+79.2% | -$20.2M-149.6% | -$8.1M |
| Financing Cash Flow | -$26.8M-266.0% | $16.1M-68.4% | $51.1M+105.1% | -$1.0B-609935.8% | -$165K+99.5% | -$32.5M-336.2% | -$7.5M+97.3% | -$272.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
HBI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8%-0.8pp | 41.5%-0.1pp | 41.7%-2.3pp | 43.9%+2.5pp | 41.5%+10.8pp | 30.6%-9.3pp | 39.9%-0.2pp | 40.2% |
| Operating Margin | 12.1%-3.5pp | 15.6%+5.1pp | 10.5%-3.0pp | 13.5%+3.0pp | 10.4%+16.9pp | -6.5%-11.3pp | 4.8%-6.3pp | 11.1% |
| Net Margin | 30.4%+22.1pp | 8.2%+9.5pp | -1.2%+0.2pp | -1.5%-4.8pp | 3.3%+34.0pp | -30.6%-25.4pp | -5.3%-14.4pp | 9.2% |
| Return on Equity | 60.6%+11.6pp | 49.1% | N/A | N/A | 20.1% | N/A | N/A | 18.6% |
| Return on Assets | 6.3%+4.3pp | 2.0%+2.3pp | -0.3%+0.1pp | -0.3%-0.9pp | 0.5%+6.1pp | -5.5%-4.9pp | -0.7%-2.1pp | 1.4% |
| Current Ratio | 1.510.0 | 1.52-0.0 | 1.55+0.2 | 1.37-0.1 | 1.49+0.0 | 1.46-0.1 | 1.59-0.0 | 1.64 |
| Debt-to-Equity | 4.94-8.7 | 13.62-39.8 | 53.45-10.8 | 64.28+42.8 | 21.50-28.6 | 50.06+40.5 | 9.57+1.9 | 7.72 |
| FCF Margin | 2.5%-0.2pp | 2.8%+18.5pp | -15.7%-22.7pp | 7.0%-2.8pp | 9.8%+2.5pp | 7.2%+6.5pp | 0.8%-30.5pp | 31.3% |
Similar Companies
Frequently Asked Questions
What is Hanesbrands Inc's annual revenue?
Hanesbrands Inc (HBI) reported $3.5B in total revenue for fiscal year 2024. This represents a -3.6% 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.
How fast is Hanesbrands Inc's revenue growing?
Hanesbrands Inc (HBI) revenue declined by 3.6% year-over-year, from $3.6B to $3.5B in fiscal year 2024.
Is Hanesbrands Inc profitable?
No, Hanesbrands Inc (HBI) reported a net income of -$320.4M in fiscal year 2024, with a net profit margin of -9.1%.
What is Hanesbrands Inc's earnings per share (EPS)?
Hanesbrands Inc (HBI) reported diluted earnings per share of $-0.91 for fiscal year 2024. This represents a -1720.0% 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.
What is Hanesbrands Inc's EBITDA?
Hanesbrands Inc (HBI) had EBITDA of $265.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hanesbrands Inc have?
As of fiscal year 2024, Hanesbrands Inc (HBI) had $214.9M in cash and equivalents against $2.2B in long-term debt.
What is Hanesbrands Inc's gross margin?
Hanesbrands Inc (HBI) had a gross margin of 38.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hanesbrands Inc's operating margin?
Hanesbrands Inc (HBI) had an operating margin of 5.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Hanesbrands Inc's net profit margin?
Hanesbrands Inc (HBI) had a net profit margin of -9.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Hanesbrands Inc's free cash flow?
Hanesbrands Inc (HBI) generated $226.4M in free cash flow during fiscal year 2024. This represents a -56.3% 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 Hanesbrands Inc's operating cash flow?
Hanesbrands Inc (HBI) generated $264.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hanesbrands Inc's total assets?
Hanesbrands Inc (HBI) had $3.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Hanesbrands Inc's capital expenditures?
Hanesbrands Inc (HBI) invested $37.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Hanesbrands Inc spend on research and development?
Hanesbrands Inc (HBI) invested $16.0M in research and development during fiscal year 2024.
How many shares does Hanesbrands Inc have outstanding?
Hanesbrands Inc (HBI) had 353M shares outstanding as of fiscal year 2024.
What is Hanesbrands Inc's current ratio?
Hanesbrands Inc (HBI) had a current ratio of 1.37 as of fiscal year 2024, which is considered adequate.
What is Hanesbrands Inc's debt-to-equity ratio?
Hanesbrands Inc (HBI) had a debt-to-equity ratio of 64.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hanesbrands Inc's return on assets (ROA)?
Hanesbrands Inc (HBI) had a return on assets of -8.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hanesbrands Inc's Altman Z-Score?
Hanesbrands Inc (HBI) has an Altman Z-Score of 1.67, placing it in the Distress Zone (elevated 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 Hanesbrands Inc's Piotroski F-Score?
Hanesbrands Inc (HBI) has a Piotroski F-Score of 5 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hanesbrands Inc's earnings high quality?
Hanesbrands Inc (HBI) has an earnings quality ratio of -0.82x, considered mixed 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.
Can Hanesbrands Inc cover its interest payments?
Hanesbrands Inc (HBI) has an interest coverage ratio of 0.9x, meaning it can struggle to 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.
How financially healthy is Hanesbrands Inc?
Hanesbrands Inc (HBI) scores 22 out of 100 on our Financial Profile, indicating weak 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.