Abercrombie & Fitch vs Urban Outfitters
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KIRA’s take AI analyst
I put Abercrombie & Fitch and Urban Outfitters side by side, using each one’s latest annual report. Here is what stands out:
- Urban Outfitters is the larger business, with $6.2B of revenue in fiscal 2026 against $5.3B for Abercrombie & Fitch.
- Urban Outfitters grew revenue faster (11.1%, against 6.4%).
- Abercrombie & Fitch kept more of each dollar of sales as operating profit (13.3% operating margin, against 9.8%).
- Abercrombie & Fitch turned more of its sales into free cash flow (7.2% FCF margin, against 5.1%).
- Abercrombie & Fitch earned a higher return on the capital invested in it (91.0%, against 23.7%).
- Investors pay more for each dollar of Abercrombie & Fitch’s earnings: a P/E of 14.2x against 14.1x for Urban Outfitters.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Abercrombie & Fitch
ANF
6/10
Operating marginNet marginFCF marginReturn on capitalReturn on equityShare count change
Urban Outfitters
URBN
4/10
Revenue growth5-year growthPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | ANF FY25 | URBN FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.3B | $7.9B |
| Revenue | $5.3B | $6.2B |
| Free cash flow | $378M | $315M |
| Net income | $507M | $465M |
| Growth | ||
| Revenue growth | 6.4% | 11.1% |
| 5-year growth | 11.0% | 12.3% |
| Share count change | −8.5% | −2.8% |
| Profitability | ||
| Gross margin | — | 36.0% |
| Operating margin | 13.3% | 9.8% |
| Net margin | 9.6% | 7.5% |
| FCF margin | 7.2% | 5.1% |
| Return on capital | 91.0% | 23.7% |
| Return on equity | 37.0% | 17.6% |
| Balance sheet | ||
| Net debt | −$785M | −$696M |
| Net debt / EBITDA | −0.9x | −1.0x |
| Dividends and buybacks | $451M | $154M |
| Valuation & quality | ||
| P/E | 14.2x | 14.1x |
| Piotroski F-score | 5 | 8 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.