AMERICAN EAGLE OUTFITTERS INC AEO
American Eagle Outfitters, Inc. (the "Company," "AEO," "we," "us," and "our") is a leading global specialty retailer with a portfolio of beloved apparel brands. We operate and license nearly 1,500 retail stores worldwide and are online at www.ae.com and www.aerie.com in the U.S. and internationally.
Rooted in optimism, inclusivity, and authenticity, AEO's brands empower every customer to celebrate their unique personal style. We offer casual, comfortable, timeless outfitting and high-quality products that are made to last under the American Eagle ("AE") brand, and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands. We sell directly to consumers through our retail channels, which includes online, stores, and concession-based shops-within-shops. We operate stores in the U.S., Canada, and Mexico. We also have license agreements with third parties to operate American Eagle and Aerie stores and online marketplace businesses throughout Asia (including India), Europe, Latin America, and the Middle East.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.55B | $5.33B | $5.26B | $4.99B | $5.01B | $3.76B | $4.31B | $4.04B | $3.80B | $3.61B |
| Cost of revenue | $3.52B | $3.24B | $3.24B | $3.24B | $3.02B | $2.61B | $2.79B | $2.55B | $2.43B | $2.24B |
| Gross profit | $2.03B | $2.09B | $2.02B | $1.75B | $1.99B | $1.15B | $1.52B | $1.49B | $1.37B | $1.37B |
| SG&A | $1.49B | $1.43B | $1.43B | $1.27B | $1.22B | $977.3M | $1.03B | $980.6M | $879.7M | $857.6M |
| Operating income | $226.2M | $427.3M | $222.7M | $247.0M | $591.1M | -$271.3M | $233.3M | $337.1M | $302.8M | $331.5M |
| Pre-tax income | $249.4M | $439.8M | $238.9M | $178.5M | $558.9M | -$292.3M | $245.3M | $345.1M | $287.2M | $335.3M |
| Income tax | $63.9M | $112.9M | $69.8M | $53.4M | $139.3M | $83.0M | $54.0M | $83.2M | $83.0M | $122.8M |
| Net income | $186.0M | $327.0M | $169.0M | $124.0M | $420.0M | -$209.3M | $191.3M | $261.9M | $204.2M | $212.4M |
| EPS, basic | 1.12 | 1.71 | 0.87 | 0.69 | 2.50 | -1.26 | 1.13 | 1.48 | 1.15 | 1.17 |
| EPS, diluted | 1.09 | 1.68 | 0.86 | 0.64 | 2.03 | -1.26 | 1.12 | 1.47 | 1.13 | 1.16 |
| Shares, diluted (wtd. avg.) | $176.1M | $196.4M | $196.9M | $205.2M | $206.5M | $166.5M | $170.9M | $178.0M | $180.2M | $183.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $238.9M | $309.0M | $354.1M | $170.2M | $434.8M | $850.5M | $361.9M | $333.3M | $413.6M | $378.6M |
| Short-term investments | — | $50.0M | $100.0M | — | — | — | $55.0M | $92.1M | $0 | $0 |
| Receivables | $258.6M | $262.4M | $247.9M | $242.4M | $286.7M | $146.1M | $119.1M | $93.5M | $78.3M | $86.6M |
| Inventory | $702.0M | $636.7M | $640.7M | $585.1M | $553.5M | $405.4M | $446.3M | $424.4M | $398.2M | $358.4M |
| Total current assets | $1.31B | $1.35B | $1.43B | $1.10B | $1.40B | $1.52B | $1.05B | $1.05B | $968.5M | $901.2M |
| Property, plant and equipment | $785.6M | $751.3M | $713.3M | $781.5M | $728.3M | $623.8M | $735.1M | $742.1M | $724.2M | $707.8M |
| Goodwill | $225.3M | $225.1M | $225.3M | $264.9M | $271.4M | $13.3M | $13.2M | $14.9M | $15.1M | $14.9M |
| Other intangibles | $37.5M | $42.4M | $46.1M | $94.5M | $102.7M | $57.1M | $39.8M | $43.3M | $46.7M | $49.4M |
| Total assets | $4.01B | $3.83B | $3.56B | $3.42B | $3.79B | $3.43B | $3.33B | $1.90B | $1.82B | $1.78B |
| Accounts payable | $251.8M | $280.7M | $268.3M | $234.3M | $231.8M | $255.9M | $285.7M | $240.7M | $236.7M | $246.2M |
| Total current liabilities | $867.6M | $882.7M | $891.2M | $768.9M | $842.9M | $858.5M | $751.8M | $542.6M | $485.2M | $493.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $341.0M | $325.3M | — | — | — | — |
| Retained earnings | $2.55B | $2.46B | $2.21B | $2.14B | $2.20B | $1.87B | $2.11B | $2.05B | $1.88B | $1.78B |
| Total equity | $1.69B | $1.76B | $1.74B | $1.60B | $1.42B | $1.09B | $1.25B | $1.29B | $1.25B | $1.20B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $456.2M | $476.8M | $580.7M | $406.3M | $303.7M | $202.5M | $415.4M | $456.6M | $394.4M | $365.6M |
| Depreciation and amortisation | $222.2M | $220.5M | $235.2M | $212.5M | $171.2M | $165.6M | $181.4M | $170.5M | $169.5M | $158.2M |
| Stock-based compensation | $39.4M | $39.6M | $51.1M | $39.0M | $38.2M | $32.8M | $23.0M | $27.5M | $16.9M | $29.1M |
| Capital expenditure | $260.8M | $222.5M | $174.4M | $260.4M | $233.8M | $128.0M | $210.4M | $189.0M | $169.5M | $161.5M |
| Investing cash flow | -$202.7M | -$217.5M | -$287.4M | -$261.4M | -$594.6M | -$73.9M | -$174.9M | -$282.8M | -$172.2M | -$163.0M |
| Financing cash flow | -$326.9M | -$301.9M | -$109.5M | -$407.9M | -$125.2M | $359.9M | -$211.2M | -$252.5M | -$188.8M | -$85.1M |
| Dividends paid | $85.3M | $96.5M | $83.8M | $64.8M | $113.9M | $22.9M | $92.8M | $97.1M | $88.5M | $90.7M |
| Buybacks | $56.9M | $190.9M | $10.7M | $9.8M | — | $20.0M | $112.4M | $144.4M | $87.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-227158.
Others in SIC 5651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TJX | TJX COMPANIES INC /DE/ | $145.28B | 27.1x | 7.1% |
| ROST | ROSS STORES, INC. | $73.69B | 34.9x | 7.7% |
| GAP | GAP INC | $7.88B | 10.5x | 1.9% |
| URBN | URBAN OUTFITTERS INC | $6.93B | 16.0x | 11.1% |
| ANF | ABERCROMBIE & FITCH CO /DE/ | $6.35B | 14.3x | 6.4% |
| BKE | BUCKLE INC | $2.22B | 10.4x | 6.6% |
| LE | LANDS' END, INC. | $323.2M | 60.8x | -2.0% |
| PLCE | Childrens Place, Inc. | $62.5M | — | -12.8% |