Gap
GAP · Apparel Retail
$22.32
2.6%Urban Outfitters
URBN · Apparel Retail
$86.55
2.0%The short version
- Gap is the larger business, with $15.4B of revenue in fiscal 2025 against $6.2B for Urban Outfitters, about 2.5 times as much.
- Urban Outfitters grew revenue faster (11.1%, against 1.9%).
- Urban Outfitters kept more of each dollar of sales as operating profit (9.8% operating margin, against 7.3% operating margin).
- Gap earned a higher return on the capital invested in it (36.1%, against 23.7%).
- Investors pay more for each dollar of Urban Outfitters’s earnings: a P/E of 13.5x against 6.7x for Gap.
| Latest fiscal year | GAP · FY25 | URBN · FY26 |
|---|---|---|
| Size | ||
| Market cap | $8.1B | $7.5B |
| Revenue | $15.4B | $6.2B |
| Free cash flow | $823M | $315M |
| Net income | $816M | $465M |
| Growth | ||
| Revenue growth | 1.9% | 11.1% |
| 5-year growth | 2.2% | 12.3% |
| Share count change | 0.0% | −2.8% |
| Profitability | ||
| Gross margin | 40.8% | 36.0% |
| Operating margin | 7.3% | 9.8% |
| Net margin | 5.3% | 7.5% |
| FCF margin | 5.4% | 5.1% |
| Return on capital | 36.1% | 23.7% |
| Return on equity | 23.1% | 17.6% |
| Balance sheet | ||
| Net debt | −$1.5B | −$696M |
| Net debt / EBITDA | −0.9x | −1.0x |
| Dividends and buybacks | $402M | $154M |
| Valuation & quality | ||
| P/E | 6.7x | 13.5x |
| Piotroski F-score | 6 | 8 |
FY17
GAP $15.9B
URBN $3.5B
FY18
GAP $16.6B
URBN $3.6B
FY19
GAP $16.4B
URBN $4.0B
FY20
GAP $13.8B
URBN $4.0B
FY21
GAP $16.7B
URBN $3.4B
FY22
GAP $15.6B
URBN $4.5B
FY23
GAP $14.9B
URBN $4.8B
FY24
GAP $15.1B
URBN $5.2B
FY25
GAP $15.4B
URBN $5.6B
FY26
GAP —
URBN $6.2B
GAP
URBN
FY17
GAP 9.3%
URBN 9.6%
FY18
GAP 8.2%
URBN 7.2%
FY19
GAP 3.5%
URBN 9.7%
FY20
GAP −6.3%
URBN 5.8%
FY21
GAP 4.9%
URBN 0.1%
FY22
GAP −0.4%
URBN 9.0%
FY23
GAP 3.8%
URBN 4.7%
FY24
GAP 7.4%
URBN 7.2%
FY25
GAP 7.3%
URBN 8.5%
FY26
GAP —
URBN 9.8%
GAP
URBN
FY17
GAP $649M
URBN $272M
FY18
GAP $676M
URBN $219M
FY19
GAP $709M
URBN $332M
FY20
GAP −$155M
URBN $56.5M
FY21
GAP $115M
URBN $127M
FY22
GAP −$78.0M
URBN $96.9M
FY23
GAP $1.1B
URBN −$56.8M
FY24
GAP $1.0B
URBN $310M
FY25
GAP $823M
URBN $320M
FY26
GAP —
URBN $315M
GAP
URBN
FY17
GAP 34.8%
URBN 22.8%
FY18
GAP 34.2%
URBN 14.4%
FY19
GAP 12.0%
URBN 34.6%
FY20
GAP −25.5%
URBN 17.4%
FY21
GAP 22.3%
URBN 0.2%
FY22
GAP −1.9%
URBN 28.4%
FY23
GAP 21.5%
URBN 12.1%
FY24
GAP 37.7%
URBN 18.2%
FY25
GAP 36.1%
URBN 21.7%
FY26
GAP —
URBN 23.7%
GAP
URBN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.