URBAN OUTFITTERS INC URBN
We are a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands. As used in this document, unless otherwise defined, "Anthropologie" refers to our Anthropologie, Terrain and Maeve brands and "Free People" refers to our Free People and FP Movement brands. We have achieved compounded annual sales growth of approximately 12% over the past five years, with sales of approximately $6.2 billion during the fiscal year ended January 31, 2026.
We operate under three reportable segments – Retail, Subscription and Wholesale. Our Retail segment includes our store and digital channels and primarily includes our Anthropologie, Free People, FP Movement and Urban Outfitters brands. We have over 55 years of experience creating and managing retail stores that offer highly differentiated collections of fashion apparel, accessories and home goods, among other things, in inviting and dynamic store settings. Our core strategy is to provide unified environments that establish emotional bonds with the customer, through Company-owned stores and franchisee-owned stores. In addition to retail stores, we offer our products and services directly to our customers through our websites, mobile applications, social media and third-party digital platforms and customer contact centers.
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 | $6.17B | $5.55B | $5.15B | $4.80B | $4.55B | $3.45B | $3.98B | $3.95B | $3.62B | $3.55B |
| Cost of revenue | $3.95B | $3.62B | $3.43B | $3.36B | $3.05B | $2.57B | $2.73B | $2.60B | $2.43B | $2.30B |
| Gross profit | $2.22B | $1.93B | $1.72B | $1.43B | $1.49B | $861.9M | $1.24B | $1.35B | $1.18B | $1.24B |
| SG&A | $1.61B | $1.45B | $1.34B | $1.20B | $1.09B | $857.9M | $994.0M | $965.4M | $915.6M | $906.1M |
| Operating income | $605.6M | $473.8M | $369.8M | $226.6M | $408.6M | $4.0M | $231.9M | $381.3M | $259.9M | $338.5M |
| Interest expense | $4.9M | $6.1M | $7.7M | $1.3M | $1.1M | $3.4M | $1.2M | $1.8M | — | — |
| Pre-tax income | $596.9M | $500.2M | $381.6M | $221.3M | $404.6M | $3.5M | $239.7M | $385.6M | $261.4M | $338.1M |
| Income tax | $132.0M | $97.7M | $93.9M | $61.6M | $94.0M | $2.3M | $71.6M | $87.5M | $153.1M | $120.0M |
| Net income | $464.9M | $402.5M | $287.7M | $159.7M | $310.6M | $1.2M | $168.1M | $298.0M | $108.3M | $218.1M |
| EPS, basic | 5.15 | 4.34 | 3.10 | 1.71 | 3.17 | 0.01 | 1.68 | 2.75 | 0.97 | 1.87 |
| EPS, diluted | 5.06 | 4.26 | 3.05 | 1.70 | 3.13 | 0.01 | 1.67 | 2.72 | 0.96 | 1.86 |
| Shares, diluted (wtd. avg.) | $91.8M | $94.4M | $94.3M | $94.1M | $99.3M | $98.5M | $100.6M | $109.7M | $112.4M | $117.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $369.2M | $290.5M | $178.3M | $201.3M | $206.6M | $395.6M | $221.8M | $358.3M | $282.2M | $248.1M |
| Short-term investments | $326.7M | $319.9M | $286.7M | $181.4M | $239.4M | $174.7M | $211.5M | $279.2M | $165.1M | $111.1M |
| Receivables | $95.7M | $74.0M | $67.0M | $70.3M | $63.8M | $90.0M | $88.3M | $80.5M | $77.0M | $54.5M |
| Inventory | $700.9M | $621.1M | $550.2M | $587.5M | $569.7M | $389.6M | $409.5M | $370.5M | $351.4M | $338.6M |
| Total current assets | $1.69B | $1.49B | $1.28B | $1.24B | $1.29B | $1.22B | $1.05B | $1.20B | $978.8M | $881.4M |
| Property, plant and equipment | $1.47B | $1.33B | $1.29B | $1.19B | $1.15B | $967.4M | $890.0M | $796.0M | $813.8M | $867.8M |
| Goodwill | — | — | — | $49.0M | — | $101.8M | $51.9M | — | — | — |
| Total assets | $5.01B | $4.52B | $4.11B | $3.68B | $3.79B | $3.55B | $3.32B | $2.16B | $1.95B | $1.90B |
| Accounts payable | $327.9M | $295.8M | $253.3M | $257.6M | $304.2M | $237.4M | $167.9M | $144.4M | $128.2M | $119.5M |
| Total current liabilities | $1.12B | $1.08B | $994.2M | $890.4M | $981.5M | $906.1M | $638.8M | $386.6M | $360.2M | $352.9M |
| Total liabilities | $2.19B | $2.05B | $2.00B | $1.89B | $2.05B | $2.07B | $1.86B | $671.4M | $651.9M | $589.6M |
| Retained earnings | $2.82B | $2.50B | $2.11B | $1.83B | $1.77B | $1.48B | $1.47B | $1.52B | $1.31B | $1.35B |
| Total equity | $2.82B | $2.47B | $2.11B | $1.79B | $1.75B | $1.48B | $1.46B | $1.49B | $1.30B | $1.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $575.2M | $502.8M | $509.4M | $142.7M | $359.3M | $285.8M | $273.9M | $446.6M | $303.1M | $415.3M |
| Depreciation and amortisation | $132.8M | $123.2M | $106.8M | $97.8M | $99.1M | $102.2M | $111.5M | $116.3M | $125.8M | $133.1M |
| Stock-based compensation | $30.4M | $31.0M | $30.5M | $29.4M | $25.7M | $20.3M | $21.1M | $18.1M | $14.5M | $18.3M |
| Capital expenditure | $260.2M | $182.6M | $199.6M | $199.5M | $262.4M | $159.2M | $217.4M | $114.9M | $83.8M | $143.7M |
| Investing cash flow | -$311.7M | -$308.8M | -$521.6M | -$32.0M | -$487.7M | -$101.9M | -$186.1M | -$244.5M | -$121.4M | -$234.6M |
| Financing cash flow | -$191.4M | -$77.1M | -$12.1M | -$118.4M | -$60.3M | -$10.4M | -$222.0M | -$118.0M | -$159.2M | -$193.7M |
| Buybacks | $153.9M | $52.3M | $0 | $112.0M | $55.8M | $7.0M | $217.4M | $121.4M | $157.0M | $45.8M |
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 0001193125-26-137916.
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% |
| ANF | ABERCROMBIE & FITCH CO /DE/ | $6.35B | 14.3x | 6.4% |
| AEO | AMERICAN EAGLE OUTFITTERS INC | $2.91B | 16.0x | 4.1% |
| 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% |