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.

Hanesbrands, Inc. (HBI) Financials

HBI

Trailing 12 months to September 27, 2025

Revenue $3.5B +1.8% YoY

Net Income $330.0M +243.7% YoY

EPS (Diluted) $0.92 +239.4% YoY

Free Cash Flow -$8.2M -101.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Sep 27, 2025 Reported Nov 6, 2025 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2025, filed Nov 6, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HBI SEC filings page.

Hanesbrands, Inc. (HBI) reported $3.5B in revenue over the twelve months to Sep 27, 2025, up 1.8% from the prior twelve months. 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 HBI FY2024 2026-10-03

Hanesbrands still produces operating cash, but 2024 shows weaker conversion and a balance sheet with almost no equity cushion.

FY2024 operating cash flow was $264M versus $226M of free cash flow, so routine operations still generated cash after investment. Yet both were below FY2023 levels while the company posted a net loss of $320M, revealing weaker cash conversion rather than an accounting-only loss.

Gross margin rose to 38.8% in FY2024 even as sales contracted, suggesting mix or cost benefits rather than volume-led improvement. Operating margin nevertheless fell to 5.3% while SG&A rose to $1.2B, indicating those gains were absorbed by overhead.

FY2024 liabilities were $3.8B against just $34M of equity, leaving little balance-sheet buffer. That structure pushed debt-to-equity to 64.3x even though the current ratio remained 1.4x, separating short-term coverage from long-term solvency.

Financial Health Signals

Financial Health Score 36/100

Scored against operating companies for FY2024. 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 Hanesbrands, 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.

Profitability

Hanesbrands, Inc. has an operating margin of 5.3%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is down from 7.3% the prior year.

Growth

Hanesbrands, Inc.'s revenue declined 3.6% year-over-year, from $3.6B to $3.5B. This contraction results in a growth score of 17/100.

Leverage

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 7/100, reflecting increased financial risk.

Liquidity

Hanesbrands, Inc.'s current ratio of 1.37 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Hanesbrands, Inc. has a free cash flow margin of 6.5%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Hanesbrands, Inc. posts a -942.2% return on equity (ROE), meaning it loses $942 for every $100 of shareholders' equity. This results in a returns score of 53/100. This is down from -4.2% the prior year.

Altman Z-Score Distress

1.67

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.

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

Piotroski F-Score Neutral

5/9

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.

Earnings Quality Mixed

N/A

Hanesbrands, Inc. reported a net loss of $320.4M while generating $264.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.95x

Hanesbrands, Inc. earns $0.95 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$891.7M

YoY-1.0%

QoQ-10.1%

5Y CAGR-5.8%

10Y CAGR-5.6%

Hanesbrands, Inc. generated $891.7M in revenue in Q3 2025. This represents a decrease of 1.0% from the same quarter a year earlier. Against the prior quarter it is down 10.1%.

EBITDA

$114.5M

YoY+1.8%

QoQ-28.9%

Hanesbrands, Inc.'s EBITDA was $114.5M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.8% from the same quarter a year earlier. Against the prior quarter it is down 28.9%.

Net Income

$270.7M

YoY+803.9%

QoQ+231.7%

10Y CAGR+5.3%

Hanesbrands, Inc. reported $270.7M in net income in Q3 2025. This represents an increase of 803.9% from the same quarter a year earlier. Against the prior quarter it is up 231.7%.

EPS (Diluted)

$0.76

YoY+850.0%

QoQ+230.4%

10Y CAGR+6.6%

Hanesbrands, Inc. earned $0.76 per diluted share (EPS) in Q3 2025. This represents an increase of 850.0% from the same quarter a year earlier. Against the prior quarter it is up 230.4%.

Cash & Balance Sheet

Free Cash Flow

$22.3M

YoY-74.7%

QoQ-18.3%

10Y CAGR-19.2%

Hanesbrands, Inc. generated $22.3M in free cash flow in Q3 2025, representing cash available after capex. This represents a decrease of 74.7% from the same quarter a year earlier. Against the prior quarter it is down 18.3%.

Cash & Debt

$217.6M

YoY-31.3%

QoQ-1.3%

5Y CAGR-27.3%

10Y CAGR+0.1%

Hanesbrands, Inc. held $217.6M in cash against $2.2B in long-term debt as of Q3 2025.

Shares Outstanding

354M

YoY+0.4%

QoQ0.0%

5Y CAGR+0.3%

10Y CAGR+13.5%

Hanesbrands, Inc. had 354M shares outstanding in Q3 2025. This represents an increase of 0.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

Gross Margin

40.8%

YoY-0.7pp

QoQ-0.8pp

5Y change+6.0pp

10Y change+4.3pp

Hanesbrands, Inc.'s gross margin was 40.8% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Operating Margin

12.1%

YoY+1.6pp

QoQ-3.5pp

5Y change+8.1pp

Hanesbrands, Inc.'s operating margin was 12.1% in Q3 2025, reflecting core business profitability. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Net Margin

30.4%

YoY+27.0pp

QoQ+22.1pp

5Y change+31.0pp

10Y change+20.2pp

Hanesbrands, Inc.'s net profit margin was 30.4% in Q3 2025, showing the share of revenue converted to profit. This is up 27.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.1 percentage points.

Return on Equity

60.6%

YoY+40.6pp

QoQ+11.6pp

5Y change+61.5pp

10Y change+49.6pp

Hanesbrands, Inc.'s ROE was 60.6% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is up 40.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.6 percentage points.

Capital Allocation

Capital Expenditures

$5.3M

YoY+30.4%

QoQ-41.2%

5Y CAGR-27.0%

10Y CAGR-13.2%

Hanesbrands, Inc. invested $5.3M in capex in Q3 2025, funding long-term assets and infrastructure. This represents an increase of 30.4% from the same quarter a year earlier. Against the prior quarter it is down 41.2%.

R&D Spending

Not reported for Q3 2025.

Share Buybacks

Not reported for Q3 2025.

HBI 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.

HBI quarterly income statement

Metric	TTM	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	FY1010-K
Revenue	$3.5B	$3.5B-3.6%	$3.6B-5.8%	$3.9B-43.2%	$6.8B+11.0%	$6.1B-4.6%	$6.4B-5.6%	$6.8B+5.1%	$6.5B+7.4%	$6.0B+5.2%	$5.7B+7.6%	$5.3B+15.1%	$4.6B+2.3%	$4.5B+2.1%	$4.4B+7.0%	$4.1B
Cost of Revenue	$2.0B	$2.1B-8.5%	$2.3B-6.7%	$2.5B-39.4%	$4.1B-8.3%	$4.5B+13.2%	$4.0B-3.7%	$4.2B+4.2%	$4.0B+6.1%	$3.8B+4.4%	$3.6B+5.1%	$3.4B+13.4%	$3.0B-2.9%	$3.1B+5.6%	$2.9B+6.2%	$2.8B
Gross Profit	$1.5B	$1.4B+5.2%	$1.3B-4.1%	$1.3B-49.2%	$2.7B+65.5%	$1.6B-34.0%	$2.4B-8.5%	$2.7B+6.6%	$2.5B+9.4%	$2.3B+6.5%	$2.1B+12.2%	$1.9B+18.2%	$1.6B+13.5%	$1.4B-4.9%	$1.5B+8.5%	$1.4B
R&D Expenses	N/A	$16.0M-12.9%	$18.4M-8.6%	$20.1M-48.9%	$39.3M+5.2%	$37.4M-10.6%	$41.8M-29.6%	$59.3M-9.4%	$65.5M-6.6%	$70.1M+12.5%	$62.3M-1.5%	$63.3M+23.3%	$51.3M+6.2%	$48.3M+2.7%	$47.1M-0.1%	$47.1M
SG&A Expenses	$1.0B	$1.2B+14.4%	$1.0B-5.0%	$1.1B-41.8%	$1.9B+18.8%	$1.6B-1.1%	$1.6B-11.8%	$1.8B+3.7%	$1.7B+16.1%	$1.5B-3.6%	$1.5B+15.0%	$1.3B+22.2%	$1.1B+11.9%	$979.9M-6.3%	$1.0B+5.1%	$995.0M
Operating Income	$461.8M	$185.9M-30.2%	$266.3M-0.4%	$267.4M-66.5%	$797.7M+1769.7%	$42.7M-95.0%	$850.7M-1.6%	$864.7M+17.5%	$736.2M-6.8%	$790.1M+32.8%	$595.1M+5.5%	$564.0M+9.5%	$515.2M+17.1%	$440.1M-1.6%	$447.1M+17.4%	$380.9M
EBITDA	N/A	$265.0M-23.5%	$346.2M-0.2%	$346.8M-61.8%	$907.9M+475.9%	$157.6M-83.7%	$965.7M-3.1%	$996.4M+16.0%	$858.7M-3.9%	$893.2M+27.8%	$699.0M+5.6%	$662.2M+9.3%	$606.1M+13.8%	$532.4M-0.7%	$536.0M+15.1%	$465.6M
Interest Expense	$184.5M	$195.9M-8.5%	$214.2M+62.6%	$131.7M-19.2%	$163.1M-0.7%	$164.2M-7.2%	$176.9M-9.1%	$194.7M+11.6%	$174.4M+14.2%	$152.7M+29.4%	$118.0M+22.5%	$96.4M-5.4%	$101.9M-25.6%	$136.9M-12.4%	$156.2M+4.0%	$150.1M
Income Tax	-$192.7M	$40.6M+374.0%	-$14.8M-103.3%	$447.9M+645.2%	$60.1M+154.7%	-$109.9M-256.5%	$70.2M-32.4%	$103.9M-77.1%	$453.1M+1222.1%	$34.3M-23.9%	$45.0M-25.5%	$60.4M-7.4%	$65.3M+114.1%	$30.5M-27.3%	$42.0M+134.7%	$17.9M
Net Income	$330.0M	-$320.4M-1707.7%	-$17.7M+86.1%	-$127.2M-264.7%	$77.2M+202.2%	-$75.6M-112.6%	$600.7M+11.3%	$539.7M+630.5%	$73.9M-86.3%	$539.4M+25.8%	$428.9M+6.0%	$404.5M+22.4%	$330.5M+100.7%	$164.7M-38.2%	$266.7M+26.2%	$211.3M
EPS (Basic)	N/A	-$0.91-1720.0%	-$0.05+86.1%	-$0.36-263.6%	$0.22+204.8%	-$0.21-112.7%	$1.65+11.5%	$1.48+640.0%	$0.20-85.8%	$1.41+31.8%	$1.07+5.9%	$1.01+21.7%	$0.83-50.3%	$1.67-38.8%	$2.73+24.7%	$2.19
EPS (Diluted)	$0.92	-$0.91-1720.0%	-$0.05+86.1%	-$0.36-263.6%	$0.22+204.8%	-$0.21-112.8%	$1.64+10.8%	$1.48+640.0%	$0.20-85.7%	$1.40+32.1%	$1.06	$0.99+22.2%	$0.81	$1.64-39.0%	$2.69+24.5%	$2.16
Diluted Shares (Avg)	N/A	352M+0.3%	351M+0.3%	350M-0.6%	352M-0.2%	353M-3.5%	366M+0.3%	365M-1.3%	369M-3.9%	385M-4.7%	404M	408M+0.2%	407M	100M+1.0%	99M+1.5%	98M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$891.7M-1.0%	$991.3M+1.8%	$760.1M+2.1%	$888.5M+4.5%	$900.4M-2.8%	$973.9M+14.7%	$744.7M	$850.3M-49.1%
Cost of Revenue	$528.2M+0.3%	$579.4M-14.2%	$443.4M-0.8%	$498.2M-2.1%	$526.9M-11.0%	$675.6M+16.3%	$447.2M	$508.7M-54.1%
Gross Profit	$363.4M-2.7%	$411.9M+38.1%	$316.7M+6.5%	$390.3M+14.3%	$373.5M+11.5%	$298.3M+11.2%	$297.4M	$341.6M-39.3%
SG&A Expenses	$255.9M-8.4%	$257.3M-28.8%	$236.8M-9.6%	$270.6M+9.5%	$279.4M+8.6%	$361.5M+48.3%	$262.0M	$247.2M-41.4%
Operating Income	$107.5M+14.3%	$154.7M+344.7%	$79.9M+125.6%	$119.7M+26.7%	$94.0M+21.3%	-$63.2M-357.6%	$35.4M	$94.4M-33.2%
EBITDA	$114.5M+1.8%	$161.2M+494.0%	$87.3M+64.4%	N/A	$112.6M+14.8%	-$40.9M-197.6%	$53.1M	N/A
Interest Expense	$47.1M-2.9%	$47.5M-5.5%	$43.3M-14.4%	$46.5M-13.4%	$48.5M-14.3%	$50.3M+11.2%	$50.6M	$53.7M+28.7%
Income Tax	-$219.5M-2020.8%	$12.6M+9.8%	$5.2M-39.7%	$9.1M+114.0%	$11.4M-46.3%	$11.5M-29.0%	$8.6M	-$65.1M-496.7%
Net Income	$270.7M+803.9%	$81.6M+127.4%	-$9.5M+75.8%	-$12.9M-116.5%	$30.0M+177.2%	-$298.4M-767.3%	-$39.1M	$77.9M-2.7%
EPS (Basic)	$0.76+744.4%	$0.23+127.1%	-$0.03+72.7%	-$0.04-118.2%	$0.09+181.8%	-$0.85-750.0%	-$0.11	$0.22-4.3%
EPS (Diluted)	$0.76+850.0%	$0.23+127.1%	-$0.03+72.7%	-$0.04-118.2%	$0.08+172.7%	-$0.85-750.0%	-$0.11	$0.22-4.3%
Diluted Shares (Avg)	357M+0.6%	356M+1.2%	357M+1.6%	N/A	355M+1.2%	352M+0.4%	352M	N/A

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

HBI Balance Sheet

HBI quarterly balance sheet

Metric	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	FY1010-K
Total Assets	$3.8B-31.9%	$5.6B-13.3%	$6.5B-8.0%	$7.1B-8.4%	$7.7B+5.0%	$7.4B+1.6%	$7.2B+5.0%	$6.9B-0.5%	$6.9B+23.8%	$5.6B+7.5%	$5.2B+27.3%	$4.1B+12.6%	$3.6B-10.0%	$4.0B+6.5%	$3.8B
Current Assets	$1.7B-24.6%	$2.3B-27.3%	$3.1B-11.2%	$3.5B+2.9%	$3.4B+6.4%	$3.2B-9.0%	$3.5B+4.6%	$3.4B+2.0%	$3.3B+13.8%	$2.9B+14.4%	$2.6B+13.7%	$2.2B+10.7%	$2.0B-13.0%	$2.3B+8.5%	$2.1B
Cash & Equivalents	$214.9M+16.0%	$185.2M-5.6%	$196.2M-63.4%	$536.3M-40.5%	$900.6M+173.8%	$328.9M-24.1%	$433.0M+2.7%	$421.6M-8.4%	$460.2M+44.2%	$319.2M+33.1%	$239.9M+107.0%	$115.9M+170.7%	$42.8M+21.1%	$35.3M0.0%	$35.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$871.0M-8.9%	$956.4M-51.7%	$2.0B+25.0%	$1.6B+15.8%	$1.4B-28.2%	$1.9B-7.3%	$2.1B+9.7%	$1.9B+1.9%	$1.8B+1.4%	$1.8B+18.0%	$1.5B+19.8%	$1.3B+2.4%	$1.3B-22.0%	$1.6B+21.5%	$1.3B
Accounts Receivable	$376.2M-11.2%	$423.7M-41.3%	$721.4M-19.3%	$894.2M+16.4%	$768.2M-5.8%	$815.2M-6.4%	$870.9M-3.6%	$903.3M+7.9%	$836.9M+23.0%	$680.4M+1.2%	$672.0M+16.2%	$578.6M+14.3%	$506.3M+7.6%	$470.7M-6.5%	$503.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$638.4M-3.2%	$659.4M+0.1%	$658.9M-41.9%	$1.1B-2.2%	$1.2B+0.9%	$1.1B-7.5%	$1.2B+6.4%	$1.2B+6.2%	$1.1B+31.7%	$834.3M+15.4%	$723.1M+15.4%	$626.4M+44.6%	$433.3M0.0%	$433.4M+0.8%	$430.1M
Total Liabilities	$3.8B-27.1%	$5.2B-14.5%	$6.1B-4.1%	$6.4B-7.8%	$6.9B+12.9%	$6.1B-3.9%	$6.4B+2.5%	$6.2B+8.8%	$5.7B+32.0%	$4.3B+13.1%	$3.8B+33.6%	$2.9B+4.2%	$2.7B-18.2%	$3.4B+3.9%	$3.2B
Current Liabilities	$1.2B-10.2%	$1.4B-22.3%	$1.8B-23.1%	$2.3B+9.5%	$2.1B+19.9%	$1.8B-13.4%	$2.0B+15.0%	$1.8B+9.4%	$1.6B+8.1%	$1.5B+1.4%	$1.5B+48.3%	$999.3M+14.1%	$875.7M-6.2%	$933.7M+12.6%	$829.4M
Non-Current Liabilities	$2.6B-33.2%	$3.8B-11.2%	$4.3B+6.8%	$4.0B-15.5%	$4.8B+10.0%	$4.3B+0.6%	$4.3B-2.5%	$4.4B+8.6%	$4.1B+44.8%	$2.8B+20.5%	$2.3B+25.7%	$1.9B-0.5%	$1.9B-22.8%	$2.4B+0.9%	$2.4B
Long-Term Debt	$2.2B-32.4%	$3.2B-10.4%	$3.6B+8.6%	$3.3B-11.1%	$3.7B+14.8%	$3.3B-7.8%	$3.5B-4.5%	$3.7B+5.5%	$3.5B+57.1%	$2.2B+38.3%	$1.6B+10.0%	$1.5B+11.3%	$1.3B-27.1%	$1.8B-9.2%	$2.0B
Total Equity	$34.0M-91.9%	$419.4M+5.3%	$398.3M-43.3%	$702.5M-13.7%	$814.0M-34.2%	$1.2B+41.8%	$872.1M+45.0%	$601.5M-46.3%	$1.1B-12.2%	$1.3B-8.0%	$1.4B+12.7%	$1.2B+38.8%	$886.9M+30.2%	$681.1M0.0%	$681.1M
Retained Earnings	$234.5M-57.7%	$554.8M-3.0%	$572.1M-38.8%	$935.3M-12.6%	$1.1B-30.8%	$1.5B+43.2%	$1.1B+26.9%	$850.3M-39.1%	$1.4B+0.5%	$1.4B-5.1%	$1.5B+24.0%	$1.2B+29.6%	$911.5M+22.1%	$746.8M+55.5%	$480.1M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$4.3B-21.7%	$4.0B-25.3%	$3.8B-31.6%	$3.8B-31.9%	$5.5B-7.6%	$5.4B-16.4%	$5.6B	$5.6B-20.6%
Current Assets	$1.9B-19.7%	$1.9B-18.6%	$1.7B-26.2%	$1.7B-24.6%	$2.3B-9.9%	$2.3B-24.5%	$2.3B	$2.3B-36.0%
Cash & Equivalents	$217.6M-31.3%	$220.3M+3.3%	$175.9M0.0%	$214.9M+16.0%	$316.8M+83.3%	$213.3M0.0%	$176.0M	$185.2M-26.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$991.0M+10.5%	$957.0M+4.4%	$977.3M-5.3%	$871.0M-8.9%	$897.2M-15.9%	$916.7M-53.4%	$1.0B	$956.4M-55.2%
Accounts Receivable	$455.0M-1.8%	$487.0M+5.1%	$342.1M-14.2%	$376.2M-11.2%	$463.3M-19.1%	$463.3M-32.1%	$398.5M	$423.7M-54.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$649.6M-1.9%	$648.4M-0.9%	$640.6M-1.3%	$638.4M-3.2%	$662.1M+1.8%	$653.9M-40.9%	$649.1M	$659.4M-39.2%
Total Liabilities	$3.8B-27.9%	$3.9B-27.5%	$3.8B-28.1%	$3.8B-27.1%	$5.3B-5.8%	$5.3B-12.8%	$5.3B	$5.2B-18.7%
Current Liabilities	$1.2B-21.0%	$1.2B-21.6%	$1.1B-24.1%	$1.2B-10.2%	$1.6B-4.8%	$1.6B-11.2%	$1.5B	$1.4B-33.2%
Non-Current Liabilities	$2.6B-30.8%	$2.6B-30.0%	$2.7B-29.6%	$2.6B-33.2%	$3.7B-6.2%	$3.7B-13.4%	$3.8B	$3.8B-11.8%
Long-Term Debt	$2.2B-31.3%	$2.3B-29.7%	$2.3B-28.3%	$2.2B-32.4%	$3.2B-3.0%	$3.2B-10.2%	$3.2B	$3.2B-11.5%
Total Equity	$446.4M+198.9%	$166.4M+158.3%	$43.4M-87.2%	$34.0M-91.9%	$149.3M-45.5%	$64.4M-81.0%	$338.2M	$419.4M-37.9%
Retained Earnings	$577.5M+133.5%	$306.8M+41.1%	$225.1M-56.3%	$234.5M-57.7%	$247.4M-48.1%	$217.4M-59.6%	$515.8M	$554.8M-46.8%

HBI Cash Flow Statement

HBI quarterly cash flow statement

Metric	TTM	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	FY1010-K
Operating Cash Flow	$23.2M	$264.2M-53.0%	$561.7M+256.6%	-$358.8M-157.6%	$623.4M+39.0%	$448.5M-44.2%	$803.4M+24.9%	$643.4M-1.9%	$655.7M+8.3%	$605.6M+166.8%	$227.0M-55.3%	$508.1M-14.1%	$591.3M+6.8%	$553.6M+219.1%	$173.5M+30.4%	$133.1M
Depreciation & Amortization	N/A	$79.1M-1.1%	$80.0M+0.7%	$79.4M-27.9%	$110.1M-4.2%	$115.0M-0.1%	$115.1M-12.7%	$131.8M+7.6%	$122.5M+18.7%	$103.2M-0.7%	$103.9M+5.8%	$98.2M+8.0%	$90.9M-1.5%	$92.3M+3.8%	$88.9M+4.9%	$84.7M
Stock-Based Compensation	N/A	$25.8M+25.8%	$20.5M-12.4%	$23.5M+41.1%	$16.6M-12.3%	$19.0M+104.5%	$9.3M-56.7%	$21.4M-9.2%	$23.6M-25.8%	$31.8M+7.3%	$29.6M-3.2%	$30.6M+26.5%	$24.2M+18.0%	$20.5M+26.7%	$16.2M-17.2%	$19.5M
Capital Expenditures	$31.4M	$37.9M-14.0%	$44.1M-60.7%	$112.1M+61.9%	$69.3M+28.9%	$53.7M-46.8%	$101.1M+17.1%	$86.3M-0.8%	$87.0M+4.3%	$83.4M-16.1%	$99.4M+54.5%	$64.3M+47.4%	$43.6M+6.4%	$41.0M-54.5%	$90.1M-15.2%	$106.2M
Free Cash Flow	-$8.2M	$226.4M-56.3%	$517.7M+209.9%	-$470.9M-185.0%	$554.1M+40.4%	$394.7M-43.8%	$702.3M+26.1%	$557.1M-2.0%	$568.7M+8.9%	$522.2M+309.2%	$127.6M-71.2%	$443.8M-19.0%	$547.7M+6.8%	$512.6M+514.8%	$83.4M+211.0%	$26.8M
Investing Cash Flow	$847.2M	$813.0M+3562.2%	-$23.5M+89.1%	-$216.4M-312.6%	-$52.5M-27.7%	-$41.1M+62.5%	-$109.7M+73.8%	-$418.7M-300.6%	-$104.5M+89.2%	-$966.6M-249.2%	-$276.8M+22.7%	-$358.3M+40.0%	-$597.4M-2043.8%	-$27.9M+67.5%	-$85.6M+69.8%	-$284.0M
Financing Cash Flow	-$966.2M	-$1.0B-80.4%	-$580.1M-296.1%	$295.8M+133.3%	-$888.0M-724.6%	$142.2M+117.3%	-$824.0M-311.0%	-$200.5M+65.8%	-$585.8M-214.6%	$511.1M+284.3%	$133.0M+659.6%	-$23.8M-125.3%	$93.8M+118.1%	-$517.8M-444.8%	-$95.0M-161.0%	$155.7M
Dividends Paid	N/A	$0	$0-100.0%	$209.3M-0.1%	$209.5M-0.4%	$210.4M-3.0%	$217.0M+0.3%	$216.3M-1.6%	$219.9M+31.4%	$167.4M+3.8%	$161.3M+34.9%	$119.6M+101.2%	$59.4M	$0	$0	N/A
Share Buybacks	N/A	$0	$0-100.0%	$25.0M	$0-100.0%	$200.3M	$0	$0-100.0%	$400.0M+5.3%	$379.9M+8.1%	$351.5M	$0	$0	N/A	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	$27.6M-70.1%	$36.3M-53.7%	-$108.2M-513.4%	$67.4M-75.4%	$92.2M-40.5%	$78.4M+76.1%	$26.2M	$274.4M+642.2%
Depreciation & Amortization	$7.0M-62.2%	$6.5M-70.8%	$7.4M-58.4%	N/A	$18.5M-9.8%	$22.3M+28.5%	$17.7M	N/A
Capital Expenditures	$5.3M+30.4%	$9.1M+15.7%	$11.2M-44.5%	$5.7M-30.9%	$4.1M+84.1%	$7.8M-67.7%	$20.3M	$8.3M-75.0%
Free Cash Flow	$22.3M-74.7%	$27.2M-61.4%	-$119.4M-2119.4%	$61.7M-76.8%	$88.1M-42.4%	$70.6M+247.9%	$5.9M	$266.1M+418.3%
Investing Cash Flow	-$3.9M+47.5%	-$11.4M-170.9%	$17.6M+186.9%	$844.9M+10522.8%	-$7.4M-767.1%	-$4.2M+20.6%	-$20.2M	-$8.1M+75.4%
Financing Cash Flow	-$26.8M-16135.8%	$16.1M+149.6%	$51.1M+784.5%	-$1.0B-269.6%	-$165K+99.9%	-$32.5M+49.3%	-$7.5M	-$272.3M-328.9%
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

Not reported in any period shown, so not listed: Stock-Based Compensation.

HBI 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.

HBI quarterly financial ratios

Metric	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	FY1010-K
Gross Margin	38.8%+3.3pp	35.5%+0.6pp	34.9%-4.1pp	39.0%+12.8pp	26.2%-11.6pp	37.8%-1.2pp	39.0%+0.5pp	38.5%+0.7pp	37.8%+0.5pp	37.3%+1.5pp	35.8%+0.9pp	34.8%+3.4pp	31.4%-2.3pp	33.7%+0.5pp	33.2%
Operating Margin	5.3%-2.0pp	7.3%+0.4pp	6.9%-4.8pp	11.7%+11.0pp	0.7%-12.5pp	13.2%+0.5pp	12.7%+1.3pp	11.4%-1.7pp	13.1%+2.7pp	10.4%-0.2pp	10.6%-0.5pp	11.1%+1.4pp	9.7%-0.4pp	10.1%+0.9pp	9.2%
Net Margin	-9.1%-8.6pp	-0.5%+2.8pp	-3.3%-4.4pp	1.1%+2.4pp	-1.2%-10.6pp	9.3%+1.4pp	7.9%+6.8pp	1.1%-7.8pp	8.9%+1.5pp	7.5%-0.1pp	7.6%+0.5pp	7.1%+3.5pp	3.6%-2.4pp	6.0%+0.9pp	5.1%
Return on Equity	-942.2%-937.9pp	-4.2%+27.7pp	-31.9%-42.9pp	11.0%+20.3pp	-9.3%-57.9pp	48.6%-13.3pp	61.9%+49.6pp	12.3%-35.9pp	48.1%+14.5pp	33.6%+4.4pp	29.2%+2.3pp	26.9%+8.3pp	18.6%-20.6pp	39.2%+8.1pp	31.0%
Return on Assets	-8.3%-8.0pp	-0.3%+1.7pp	-2.0%-3.0pp	1.1%+2.1pp	-1.0%-9.2pp	8.2%+0.7pp	7.5%+6.4pp	1.1%-6.7pp	7.8%+0.1pp	7.7%-0.1pp	7.8%-0.3pp	8.1%+3.5pp	4.5%-2.1pp	6.6%+1.0pp	5.6%
Current Ratio	1.37-0.3x	1.64-0.1x	1.75+0.2x	1.52-0.1x	1.61-0.2x	1.82+0.1x	1.73-0.2x	1.90-0.1x	2.04+0.1x	1.94+0.2x	1.72-0.5x	2.25-0.1x	2.32-0.2x	2.50-0.1x	2.59
Debt-to-Equity	64.28+56.6x	7.72-1.4x	9.07+4.3x	4.73+0.1x	4.59+2.0x	2.63-1.4x	4.05-2.1x	6.16+3.0x	3.13+1.4x	1.75+0.6x	1.160.0x	1.19-0.3x	1.49-1.2x	2.65-0.3x	2.92
Asset Turnover	0.91+0.3x	0.65+0.1x	0.59-0.4x	0.96+0.2x	0.79-0.1x	0.87-0.1x	0.940.0x	0.94+0.1x	0.87-0.2x	1.020.0x	1.02-0.1x	1.13-0.1x	1.25+0.1x	1.100.0x	1.09
FCF Margin	6.5%-7.8pp	14.2%+26.4pp	-12.2%-20.3pp	8.2%+1.7pp	6.4%-4.5pp	10.9%+2.7pp	8.2%-0.6pp	8.8%+0.1pp	8.7%+6.4pp	2.2%-6.1pp	8.3%-3.5pp	11.8%+0.5pp	11.3%+9.4pp	1.9%+1.2pp	0.7%

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Gross Margin	40.8%-0.7pp	41.5%+10.9pp	41.7%+1.7pp	43.9%+3.8pp	41.5%+5.3pp	30.6%-1.0pp	39.9%	40.2%+6.5pp
Operating Margin	12.1%+1.6pp	15.6%+22.1pp	10.5%+5.8pp	13.5%+2.4pp	10.4%+2.1pp	-6.5%-9.4pp	4.8%	11.1%+2.6pp
Net Margin	30.4%+27.0pp	8.2%+38.9pp	-1.2%+4.0pp	-1.5%-10.6pp	3.3%+7.5pp	-30.6%-26.6pp	-5.3%	9.2%+4.4pp
Return on Equity	60.6%+40.6pp	49.1%+512.4pp	-21.8%-10.2pp	-37.9%-56.5pp	20.1%+34.2pp	-463.3%-453.2pp	-11.6%	18.6%+6.7pp
Return on Assets	6.3%+5.8pp	2.0%+7.6pp	-0.3%+0.5pp	-0.3%-1.7pp	0.5%+1.2pp	-5.5%-5.0pp	-0.7%	1.4%+0.3pp
Current Ratio	1.510.0x	1.52+0.1x	1.550.0x	1.37-0.3x	1.49-0.1x	1.46-0.3x	1.59	1.64-0.1x
Debt-to-Equity	4.94-16.6x	13.62-36.4x	53.45+43.9x	64.28+56.6x	21.50+9.4x	50.06+39.5x	9.57	7.72+2.3x
Asset Turnover	0.210.0x	0.25+0.1x	0.20+0.1x	0.23+0.1x	0.160.0x	0.180.0x	0.13	0.15-0.1x
FCF Margin	2.5%-7.3pp	2.8%-4.5pp	-15.7%-16.5pp	7.0%-24.3pp	9.8%-6.7pp	7.2%+4.9pp	0.8%	31.3%+36.3pp

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
Hanesbrands, Inc. HBI	FY2024	$3.5B	-$320.4M	-9.1%	$2.3B	36/100
Under Armour, Inc. UA	FY2026	$5.0B	-$495.6M	-10.0%	$2.1B	32/100
Under Armour, Inc. UAA	FY2026	$5.0B	-$495.6M	-10.0%	$2.1B	32/100
Columbia Sportswear Co COLM	FY2025	$3.4B	$177.2M	5.2%	$2.9B	59/100
PVH Corp. PVH	FY2025	$9.0B	$25.3M	0.3%	$3.8B	42/100

Where Hanesbrands, Inc. Ranks

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 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 return on equity (ROE)?

Hanesbrands, Inc. (HBI) has a return on equity of -942.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

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 to 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) reported a net loss of $320.4M while generating $264.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 0.95x, 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 36 out of 100 on our Financial Health Score, indicating weak 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.