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Urban Outfitters

URBN Nasdaq Apparel Retail Financials FY2017–FY2026

Urban Outfitters' revenue rose 11.1% to $6.2 billion in fiscal 2026. Its operating margin was 9.8%, up from 8.5% a year earlier. Free cash flow was $315 million, down 1.6%. It paid out $154 million in dividends and buybacks, 49% of free cash flow. The diluted share count fell 2.8%.

Last close · Oct 23, 2026

$86.55

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$6.2B
11.1% vs prior year
Operating margin Operating income as a share of revenue.
9.8%
1.3 pts
Net income Profit after all expenses, interest and tax.
$465M
15.5%
Free cash flow Cash from operations minus capital spending.
$315M
1.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
23.7%
2.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$7.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
13.5x
On $6.41 EPS (TTM)

About these figures. Urban Outfitters had no borrowings at any year end shown (its credit line was undrawn), so debt is counted as zero.

What Urban Outfitters does

No business description yet.

Legal name
Urban Outfitters, Inc.
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0001193125-26-137916
0000912615

Revenue and margins

Urban Outfitters had $6.2B of revenue in fiscal 2026, up 11.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 11.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $315M in fiscal 2026, 5.1% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Urban Outfitters returned $154M to shareholders in fiscal 2026, 49% of free cash flow. The diluted share count fell 2.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Urban Outfitters yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $696M and divides by 91.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 13.5x · peers 16.8x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Urban Outfitters can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $446M$383M$465M$610M$696M
Debt incl. finance leases $0.0M$0.0M$0.0M$0.0M$0.0M
Net debt / EBITDA −0.9x−1.2x−1.0x−1.0x−1.0x
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Interest coverage 370.1x172.3x48.3x78.1x123.2x
Current ratio 1.3x1.4x1.3x1.4x1.5x
Quick ratio 0.7x0.7x0.7x0.8x0.9x
Total assets $3.8B$3.7B$4.1B$4.5B$5.0B
Total liabilities $2.0B$1.9B$2.0B$2.0B$2.2B
Shareholders' equity $1.7B$1.8B$2.1B$2.5B$2.8B
Net debt (− = net cash) −$446M−$383M−$465M−$610M−$696M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$6.0M

8 insiders

Of sales under plans

47%

$2.8M

DateInsiderTradeSharesPriceValueFiling
Oct 15, 2026 Harry S Cherken JrDirector Sold plan 5,000 $87.06 $0.4M Form 4
Sep 18, 2026 Tricia D SmithGlobal CEO Anthropologie Group Sold 3,500 $75.95 $0.3M Form 4
Sep 4, 2026 Melanie Marein-EfronChief Financial Officer Sold 5,700 $80.75 $0.5M Form 4
Sep 1, 2026 Mary EganDirector Sold 650 $78.48 $0.1M Form 4
May 22, 2026 Azeez HayneChief Administrative Officer Sold 8,733 $73.18 $0.6M Form 4
May 22, 2026 Frank ConfortiCo-President & COO Sold 9,391 $73.19 $0.7M Form 4
May 22, 2026 Melanie Marein-EfronChief Financial Officer Sold 5,036 $73.42 $0.4M Form 4
Mar 11, 2026 Azeez HayneChief Administrative Officer Sold 5,720 $66.00 $0.4M Form 4
Mar 2, 2026 Tricia D SmithGlobal CEO Anthropologie Group Sold 5,000 $64.82 $0.3M Form 4
Feb 20, 2026 Margaret HayneCo-President & CCO, Director Sold plan 9,333 $70.50 $0.7M Form 4
Feb 20, 2026 Richard A HayneCEO & Chairman of the Board, Director, 10% owner Sold plan 20,000 $70.50 $1.4M Form 4
Feb 19, 2026 Richard A HayneCEO & Chairman of the Board, Director, 10% owner Sold plan 4,682 $70.10 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✕ ✕ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✓
F-score 6 / 96 / 98 / 9
Accruals ratio −5.7%−2.3%−2.3%
Altman Z'' 3.854.384.74

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Urban Outfitters URBN $7.5B 11.1% 9.8% 5.1% 23.7% 13.5x 8
Victoria's Secret VSXY $7.6B 5.2% 4.1% 4.8% 17.7% 20.2x 6 Compare →
American Eagle Outfitters AEO $3.0B 4.1% 4.1% 3.5% 11.5% 9.1x 4 Compare →
Abercrombie & Fitch ANF $6.9B 6.4% 13.3% 7.2% 91.0% 13.4x 5 Compare →
Burlington Stores BURL $15.8B 8.8% — 1.5% 28.1% 22.2x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $3.5B $3.6B $4.0B $4.0B $3.4B $4.5B $4.8B $5.2B $5.6B $6.2B
Gross profit $1.2B $1.2B $1.3B $1.2B $862M $1.5B $1.4B $1.7B $1.9B $2.2B
Operating income $339M $260M $381M $232M $4.0M $409M $227M $370M $474M $606M
Interest expense — — $1.8M $1.2M $3.4M $1.1M $1.3M $7.7M $6.1M $4.9M
Pretax income $338M $261M $386M $240M $3.5M $405M $221M $382M $500M $597M
Income tax $120M $153M $87.5M $71.6M $2.3M $94.0M $61.6M $93.9M $97.7M $132M
Net income $218M $108M $298M $168M $1.2M $311M $160M $288M $403M $465M
Diluted EPS $1.86 $0.96 $2.72 $1.67 $0.01 $3.13 $1.70 $3.05 $4.26 $5.06
Diluted shares 0.12B 0.11B 0.11B 0.10B 0.10B 0.10B 0.09B 0.09B 0.09B 0.09B
Cash flow
Cash from operations $415M $303M $447M $274M $286M $359M $143M $509M $503M $575M
Capital expenditure $144M $83.8M $115M $217M $159M $262M $200M $200M $183M $260M
Free cash flow $272M $219M $332M $56.5M $127M $96.9M −$56.8M $310M $320M $315M
Depreciation and amortization $135M $128M $118M $112M $104M $106M $102M $103M $115M $129M
Stock-based compensation $18.3M $14.5M $18.1M $21.1M $20.3M $25.7M $29.4M $30.5M $31.0M $30.4M
Acquisitions $15.3M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $45.8M $157M $121M $217M $7.0M $55.8M $112M $0.0M $52.3M $154M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $45.8M $157M $121M $217M $7.0M $55.8M $112M $0.0M $52.3M $154M
Balance sheet
Cash and short-term investments $359M $447M $638M $433M $570M $446M $383M $465M $610M $696M
Total debt $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $881M $979M $1.2B $1.1B $1.2B $1.3B $1.2B $1.3B $1.5B $1.7B
Current liabilities $353M $360M $387M $639M $906M $982M $890M $994M $1.1B $1.1B
Inventory $339M $351M $371M $410M $390M $570M $588M $550M $621M $701M
Property and equipment, net $868M $814M $796M $890M $967M $1.1B $1.2B $1.3B $1.3B $1.5B
Total assets $1.9B $2.0B $2.2B $3.3B $3.5B $3.8B $3.7B $4.1B $4.5B $5.0B
Total liabilities $590M $652M $671M $1.9B $2.1B $2.0B $1.9B $2.0B $2.0B $2.2B
Shareholders' equity $1.3B $1.3B $1.5B $1.5B $1.5B $1.7B $1.8B $2.1B $2.5B $2.8B
Margins
Gross margin 35.1% 32.5% 34.1% 31.1% 25.0% 32.8% 29.8% 33.3% 34.7% 36.0%
Operating margin 9.6% 7.2% 9.7% 5.8% 0.1% 9.0% 4.7% 7.2% 8.5% 9.8%
EBITDA margin 13.4% 10.7% 12.6% 8.6% 3.1% 11.3% 6.9% 9.2% 10.6% 11.9%
Net margin 6.2% 3.0% 7.5% 4.2% 0.0% 6.8% 3.3% 5.6% 7.3% 7.5%
FCF margin 7.7% 6.1% 8.4% 1.4% 3.7% 2.1% −1.2% 6.0% 5.8% 5.1%
Returns
Return on capital 22.8% 14.4% 34.6% 17.4% 0.2% 28.4% 12.1% 18.2% 21.7% 23.7%
Return on capital employed 22.2% 16.5% 22.7% 10.4% 0.2% 15.0% 8.1% 12.5% 14.4% 16.5%
Return on equity 17.8% 8.3% 21.4% 11.4% 0.1% 19.3% 9.0% 14.7% 17.6% 17.6%
Return on assets 11.7% 5.6% 14.5% 6.1% 0.0% 8.5% 4.3% 7.4% 9.3% 9.8%
Growth
Revenue growth 2.9% 2.0% 9.3% 0.8% −13.4% 31.9% 5.4% 7.5% 7.7% 11.1%
Net income growth −2.8% −50.4% 175.3% −43.6% −99.3% 25,030.7% −48.6% 80.1% 39.9% 15.5%
EPS growth 4.5% −48.4% 183.3% −38.6% −99.4% 31,200.0% −45.7% 79.4% 39.7% 18.8%
FCF growth −4.6% −19.3% 51.3% −83.0% 124.2% −23.5% −158.6% — 3.4% −1.6%
Share count change −6.9% −4.2% −2.4% −8.3% −2.1% 0.8% −5.2% 0.2% 0.1% −2.8%
Financial health
Net debt / EBITDA −0.8x −1.2x −1.3x −1.3x −5.3x −0.9x −1.2x −1.0x −1.0x −1.0x
Debt / equity 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x
Interest coverage — — 217.8x 193.0x 1.2x 370.1x 172.3x 48.3x 78.1x 123.2x
Current ratio 2.5x 2.7x 3.1x 1.7x 1.4x 1.3x 1.4x 1.3x 1.4x 1.5x
Quick ratio 1.5x 1.7x 2.2x 1.0x 0.9x 0.7x 0.7x 0.7x 0.8x 0.9x
Capital allocation
Capex / revenue 4.1% 2.3% 2.9% 5.5% 4.6% 5.8% 4.2% 3.9% 3.3% 4.2%
Stock comp / revenue 0.5% 0.4% 0.5% 0.5% 0.6% 0.6% 0.6% 0.6% 0.6% 0.5%
Payouts / FCF 16.9% 71.6% 36.6% 385.1% 5.6% 57.6% — 0.0% 16.3% 48.9%
Quality scores
Piotroski F-score 8.0 5.0 8.0 4.0 4.0 6.0 4.0 6.0 6.0 8.0
Altman Z'' 7.7 7.3 8.3 3.6 2.7 3.7 3.6 3.9 4.4 4.7
Accruals ratio −10.6% −10.1% −7.2% −3.9% −8.3% −1.3% 0.5% −5.7% −2.3% −2.3%

Source: SEC EDGAR XBRL filings (CIK 0000912615). Data updated October 11, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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