Urban Outfitters Inc (URBN) Financials
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 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Sep 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the URBN SEC filings page.
Urban Outfitters Inc (URBN) reported $6.5B in revenue over the twelve months to Jul 31, 2026, up 11.0% 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).
Urban Outfitters is converting renewed sales growth into wider margins, while heavier inventory and reinvestment absorb much of its operating cash.
The profit recovery reflects more than volume: from FY2023 to FY2026, gross margin expanded from29.8% to36.0% while operating margin more than doubled from4.7% to9.8% . Meanwhile, FY2026 operating cash flow of$575M exceeded net income of$465M , but capital spending of$260M left only$315M of free cash flow—evidence that improved earnings still require meaningful reinvestment.
Operating leverage is becoming visible: FY2026 revenue reached
The balance sheet is strengthening alongside growth: the debt-to-equity ratio declined to 0.8x from 1.2x in FY2022, and the current ratio rose to 1.5x. However, inventory climbed to
Financial Health Signals
Scored against operating companies for FY2026. 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 Urban 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.
Urban Outfitters Inc has an operating margin of 9.8%, meaning the company retains $10 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is up from 8.5% the prior year.
Urban Outfitters Inc's revenue grew 11.1% year-over-year to $6.2B, a solid pace of expansion. This earns a growth score of 64/100.
Urban Outfitters Inc has a moderate D/E ratio of 0.78. This balance of debt and equity financing earns a leverage score of 52/100.
Urban 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.
Urban Outfitters Inc has a free cash flow margin of 5.1%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
Urban Outfitters Inc earns a strong 16.5% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is up from 16.3% the prior year.
Urban Outfitters Inc scores 4.45, 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.
Urban Outfitters Inc passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Urban Outfitters Inc generates $1.24 in operating cash flow ($575.2M OCF vs $464.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Urban Outfitters Inc earns $123.20 in operating income for every $1 of interest expense ($605.6M vs $4.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Urban Outfitters Inc generated $1.7B in revenue in Q2 2027. This represents an increase of 10.4% from the same quarter a year earlier. Against the prior quarter it is up 12.2%.
Urban Outfitters Inc's EBITDA was $326.3M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 58.2% from the same quarter a year earlier. Against the prior quarter it is up 85.7%.
Urban Outfitters Inc reported $240.7M in net income in Q2 2027. This represents an increase of 67.3% from the same quarter a year earlier. Against the prior quarter it is up 108.0%.
Urban Outfitters Inc earned $2.78 per diluted share (EPS) in Q2 2027. This represents an increase of 75.9% from the same quarter a year earlier. Against the prior quarter it is up 113.8%.
Cash & Balance Sheet
Urban Outfitters Inc generated $301.4M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 92.5% from the same quarter a year earlier. Against the prior quarter it is up 269.6%.
Urban Outfitters Inc held $598.8M in cash as of Q2 2027; long-term debt is not reported for that period.
Not reported for Q2 2027.
Margins & Returns
Urban Outfitters Inc's gross margin was 43.4% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.8 percentage points.
Urban Outfitters Inc's operating margin was 17.4% in Q2 2027, reflecting core business profitability. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.
Urban Outfitters Inc's net profit margin was 14.5% in Q2 2027, showing the share of revenue converted to profit. This is up 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.7 percentage points.
Urban Outfitters Inc's ROE was 8.4% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.0 percentage points.
Capital Allocation
Urban Outfitters Inc repurchased no shares in Q2 2027. Against the prior quarter it is down 100.0%.
Urban Outfitters Inc invested $74.8M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 21.9% from the same quarter a year earlier. Against the prior quarter it is down 61.3%.
Not reported for Q2 2027.
URBN 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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+10.4% | $1.5B+11.4% | $1.8B+10.1% | $1.5B+12.3% | $1.5B+11.3% | $1.3B+10.7% | $1.6B+10.1% | $1.4B+6.3% |
| Cost of Revenue | $940.4M+0.2% | $938.8M+11.7% | $1.2B+8.5% | $964.0M+11.5% | $938.6M+9.3% | $840.4M+6.7% | $1.1B+6.4% | $864.5M+4.7% |
| Gross Profit | $721.6M+27.4% | $542.6M+10.9% | $599.2M+13.6% | $563.3M+13.3% | $566.2M+14.8% | $489.1M+19.8% | $527.7M+21.5% | $497.3M+9.4% |
| SG&A Expenses | $432.8M+10.5% | $402.9M+11.7% | $440.5M+9.5% | $419.0M+13.7% | $391.8M+12.5% | $360.8M+8.1% | $402.4M+8.6% | $368.6M+6.7% |
| Operating Income | $288.7M+65.6% | $139.7M+8.9% | $158.7M+26.6% | $144.3M+12.1% | $174.4M+20.2% | $128.2M+71.8% | $125.3M+118.6% | $128.7M+18.1% |
| EBITDA | $326.3M+58.2% | $175.8M+11.4% | $192.9M+24.7% | $177.3M+12.1% | $206.2M+18.6% | $157.8M+54.1% | $154.7M+83.0% | $158.2M+15.6% |
| Income Tax | $57.9M+46.9% | $30.2M+2.2% | $27.0M+155.0% | $36.0M+9.4% | $39.4M+12.3% | $29.5M+54.5% | $10.6M-34.8% | $32.9M+23.4% |
| Net Income | $240.7M+67.3% | $115.7M+6.8% | $96.3M-20.0% | $116.4M+13.1% | $143.9M+22.5% | $108.3M+75.4% | $120.3M+151.9% | $102.9M+24.0% |
| EPS (Basic) | $2.81+75.6% | $1.32+11.9% | $1.07-17.7% | $1.30+16.1% | $1.60+27.0% | $1.18+78.8% | $1.30+154.9% | $1.12+25.8% |
| EPS (Diluted) | $2.78+75.9% | $1.30+12.1% | $1.05-17.3% | $1.28+16.4% | $1.58+27.4% | $1.16+78.5% | $1.27+154.0% | $1.10+25.0% |
| Diluted Shares (Avg) | 87M-4.9% | 89M-5.0% | N/A | 91M-2.7% | 91M-3.7% | 93M-1.6% | N/A | 94M-0.6% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
URBN Balance Sheet
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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1B+8.7% | $4.8B+6.9% | $5.0B+10.8% | $4.9B+9.4% | $4.7B+10.6% | $4.5B+6.4% | $4.5B+9.9% | $4.5B+9.2% |
| Current Assets | $1.8B+12.7% | $1.5B+6.8% | $1.7B+12.9% | $1.8B+7.4% | $1.6B+9.9% | $1.4B+4.8% | $1.5B+16.4% | $1.6B+10.0% |
| Cash & Equivalents | $598.8M+80.3% | $301.4M+59.1% | $369.2M+27.1% | $306.6M+68.0% | $332.2M+58.8% | $189.4M+8.9% | $290.5M+62.9% | $182.5M-11.5% |
| Short-Term Investments | $117.4M-59.6% | $112.0M-60.8% | $326.7M+2.1% | $305.1M-10.4% | $290.7M-17.5% | $285.6M-8.6% | $319.9M+11.6% | $340.4M+36.6% |
| Inventory | $778.5M+11.8% | $726.9M+9.5% | $700.9M+12.8% | $839.8M+5.9% | $696.2M+15.1% | $663.8M+14.6% | $621.1M+12.9% | $793.3M+10.0% |
| Accounts Receivable | $103.0M+18.4% | $115.9M+24.3% | $95.7M+29.3% | $96.0M-1.0% | $86.9M+10.4% | $93.2M+5.6% | $74.0M+10.5% | $97.0M+25.3% |
| Long-Term Investments | $229.4M-37.4% | $237.5M-35.1% | $461.9M+12.6% | $351.8M+46.5% | $366.3M+74.9% | $365.9M+27.4% | $410.2M+30.6% | $240.2M+80.7% |
| Total Liabilities | $2.3B+6.5% | $2.2B+6.4% | $2.2B+7.0% | $2.2B+3.3% | $2.1B+5.6% | $2.0B-0.1% | $2.0B+2.5% | $2.1B+3.4% |
| Current Liabilities | $1.2B+5.3% | $1.0B+1.2% | $1.1B+3.9% | $1.2B+3.5% | $1.1B+8.5% | $1.0B-0.5% | $1.1B+8.2% | $1.1B+7.3% |
| Non-Current Liabilities | $1.1B+7.8% | $1.1B+11.7% | $1.1B+10.5% | $1.0B+3.0% | $1.0B+2.7% | $996.2M+0.4% | $972.3M-3.2% | $1.0B-0.7% |
| Total Equity | $2.9B+10.6% | $2.6B+7.4% | $2.8B+13.9% | $2.7B+14.9% | $2.6B+15.1% | $2.4B+12.5% | $2.5B+17.0% | $2.4B+15.0% |
| Retained Earnings | $2.9B+10.5% | $2.6B+7.2% | $2.8B+12.6% | $2.7B+14.2% | $2.6B+14.3% | $2.5B+13.1% | $2.5B+18.4% | $2.4B+15.3% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
URBN Cash Flow 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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $376.3M+72.6% | $15.5M-53.1% | $263.0M-17.9% | $61.1M+229.6% | $218.0M+107.1% | $33.0M-43.6% | $320.5M+39.8% | $18.5M-73.1% |
| Depreciation & Amortization | $37.6M+18.0% | $36.1M+22.0% | $34.2M+16.2% | $33.0M+11.8% | $31.8M+10.6% | $29.6M+6.5% | $29.4M+8.1% | $29.5M+6.0% |
| Stock-Based Compensation | $7.6M+5.2% | $8.1M+4.8% | N/A | $7.7M-1.2% | $7.2M-9.6% | $7.8M+2.2% | N/A | $7.8M+1.6% |
| Capital Expenditures | $74.8M+21.9% | $193.2M+318.7% | $68.7M+78.4% | $83.9M+85.6% | $61.4M+6.3% | $46.2M+12.3% | $38.5M-20.7% | $45.2M-37.7% |
| Free Cash Flow | $301.4M+92.5% | -$177.8M-1254.3% | $194.3M-31.1% | -$22.8M+14.6% | $156.6M+229.7% | -$13.1M-175.2% | $281.9M+56.1% | -$26.6M-655.4% |
| Investing Cash Flow | -$73.2M-2.5% | $242.7M+516.3% | -$197.9M+4.2% | -$81.7M-99.3% | -$71.4M-365.6% | $39.4M+186.0% | -$206.6M+19.9% | -$41.0M+52.1% |
| Financing Cash Flow | -$4.5M-6.7% | -$325.4M-84.5% | -$5.8M-38.1% | -$5.0M-30.5% | -$4.2M+92.1% | -$176.3M-1051.8% | -$4.2M-208.9% | -$3.8M-161.3% |
| Share Buybacks | $0 | $300.0M+97.5% | $2.0M | $0 | $0-100.0% | $151.9M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
URBN 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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.4%+5.8pp | 36.6%-0.2pp | 33.3%+1.0pp | 36.8%+0.3pp | 37.6%+1.1pp | 36.8%+2.8pp | 32.3%+3.0pp | 36.5%+1.1pp |
| Operating Margin | 17.4%+5.8pp | 9.4%-0.2pp | 8.8%+1.1pp | 9.4%0.0pp | 11.6%+0.9pp | 9.6%+3.4pp | 7.7%+3.8pp | 9.4%+0.9pp |
| Net Margin | 14.5%+4.9pp | 7.8%-0.3pp | 5.3%-2.0pp | 7.6%+0.1pp | 9.6%+0.9pp | 8.2%+3.0pp | 7.3%+4.1pp | 7.6%+1.1pp |
| Return on Equity | 8.4%+2.8pp | 4.4%0.0pp | 3.4%-1.4pp | 4.3%-0.1pp | 5.6%+0.3pp | 4.5%+1.6pp | 4.9%+2.6pp | 4.4%+0.3pp |
| Return on Assets | 4.7%+1.7pp | 2.4%0.0pp | 1.9%-0.7pp | 2.4%+0.1pp | 3.0%+0.3pp | 2.4%+1.0pp | 2.7%+1.5pp | 2.3%+0.3pp |
| Current Ratio | 1.58+0.1x | 1.48+0.1x | 1.51+0.1x | 1.51+0.1x | 1.480.0x | 1.40+0.1x | 1.39+0.1x | 1.450.0x |
| Debt-to-Equity | 0.790.0x | 0.830.0x | 0.780.0x | 0.81-0.1x | 0.83-0.1x | 0.83-0.1x | 0.83-0.1x | 0.91-0.1x |
| Asset Turnover | 0.320.0x | 0.310.0x | 0.360.0x | 0.310.0x | 0.320.0x | 0.300.0x | 0.360.0x | 0.300.0x |
| FCF Margin | 18.1%+7.7pp | -12.0%-11.0pp | 10.8%-6.5pp | -1.5%+0.5pp | 10.4%+6.9pp | -1.0%-2.4pp | 17.2%+5.1pp | -2.0%-1.7pp |
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 |
|---|---|---|---|---|---|---|
| Urban Outfitters Inc URBN | FY2026 | $6.2B | $464.9M | 7.5% | $6.9B | 59/100 |
| Boot Barn Holdings, Inc. BOOT | FY2026 | $2.3B | $225.9M | 10.0% | $3.7B | 66/100 |
| The Gap, Inc. GAP | FY2025 | $15.4B | $816.0M | 5.3% | $8.3B | 59/100 |
| Abercrombie & Fitch Co. ANF | FY2025 | $5.3B | $506.9M | 9.6% | $5.9B | 60/100 |
| 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% | $2.2B | 65/100 |
Where Urban Outfitters Inc Ranks
Frequently Asked Questions
What is Urban Outfitters Inc's annual revenue?
Urban Outfitters Inc (URBN) reported $6.2B in total revenue for fiscal year 2026. This represents a 11.1% 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 Urban Outfitters Inc's revenue growing?
Urban Outfitters Inc (URBN) revenue grew by 11.1% year-over-year, from $5.6B to $6.2B in fiscal year 2026.
Is Urban Outfitters Inc profitable?
Yes, Urban Outfitters Inc (URBN) reported a net income of $464.9M in fiscal year 2026, with a net profit margin of 7.5%.
What is Urban Outfitters Inc's EBITDA?
Urban Outfitters Inc (URBN) had EBITDA of $734.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Urban Outfitters Inc's gross margin?
Urban Outfitters Inc (URBN) had a gross margin of 36.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Urban Outfitters Inc's operating margin?
Urban Outfitters Inc (URBN) had an operating margin of 9.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Urban Outfitters Inc's net profit margin?
Urban Outfitters Inc (URBN) had a net profit margin of 7.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Urban Outfitters Inc's return on equity (ROE)?
Urban Outfitters Inc (URBN) has a return on equity of 16.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Urban Outfitters Inc's free cash flow?
Urban Outfitters Inc (URBN) generated $315.0M in free cash flow during fiscal year 2026. This represents a -1.6% 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 Urban Outfitters Inc's operating cash flow?
Urban Outfitters Inc (URBN) generated $575.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Urban Outfitters Inc's total assets?
Urban Outfitters Inc (URBN) had $5.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Urban Outfitters Inc's capital expenditures?
Urban Outfitters Inc (URBN) invested $260.2M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Urban Outfitters Inc's current ratio?
Urban Outfitters Inc (URBN) had a current ratio of 1.51 as of fiscal year 2026, which is generally considered healthy.
What is Urban Outfitters Inc's debt-to-equity ratio?
Urban Outfitters Inc (URBN) had a debt-to-equity ratio of 0.78 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Urban Outfitters Inc's return on assets (ROA)?
Urban Outfitters Inc (URBN) had a return on assets of 9.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Urban Outfitters Inc's P/E ratio?
Urban Outfitters Inc (URBN) trades at 12.2x earnings, its market capitalization divided by net income of $569.1M net income, trailing 12 months to July 31, 2026. The market capitalization is $6.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Urban Outfitters Inc's price-to-sales ratio?
Urban Outfitters Inc (URBN) trades at 1.1x sales, its market capitalization divided by revenue of $6.5B revenue, trailing 12 months to July 31, 2026. The market capitalization is $6.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Urban Outfitters Inc's Altman Z-Score?
Urban Outfitters Inc (URBN) has an Altman Z-Score of 4.45, 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 Urban Outfitters Inc's Piotroski F-Score?
Urban Outfitters Inc (URBN) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Urban Outfitters Inc's earnings high quality?
Urban Outfitters Inc (URBN) has an earnings quality ratio of 1.24x, 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.
Can Urban Outfitters Inc cover its interest payments?
Urban Outfitters Inc (URBN) has an interest coverage ratio of 123.20x, 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.
How financially healthy is Urban Outfitters Inc?
Urban Outfitters Inc (URBN) scores 59 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.