This page shows American Eagle Outfitters Inc (AEO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sales growth has not been the key earnings driver; gross-margin swings are what most visibly control this retailer’s profit engine.
Between FY2025 and FY2026, revenue kept rising to$5.5B while gross profit dollars slipped to about$2.0B ; that means the extra sales were lower quality, with weaker merchandise margin absorbing the volume gain. Because selling costs did not fall with that squeeze, operating margin dropped to4.1% , yet operating cash flow still ran ahead of net income, pointing to pressure from economics rather than from weak cash conversion.
The balance sheet looks conservative on debt: long-term debt returned to
The company has been self-funding shareholder returns: after capital spending of
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of American Eagle Outfitters Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Eagle Outfitters Inc has an operating margin of 4.1%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from 8.0% the prior year.
American Eagle Outfitters Inc's revenue grew a modest 4.1% year-over-year to $5.5B. This slow but positive growth earns a score of 38/100.
American Eagle Outfitters Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
American Eagle Outfitters Inc's current ratio of 1.51 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
American Eagle Outfitters Inc has a free cash flow margin of 3.5%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.
American Eagle Outfitters Inc's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 22.2% the prior year.
American Eagle Outfitters Inc scores 3.31, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
American Eagle Outfitters Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, American Eagle Outfitters Inc generates $2.45 in operating cash flow ($456.2M OCF vs $186.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
American Eagle Outfitters Inc generated $5.5B in revenue in fiscal year 2026. This represents an increase of 4.1% from the prior year.
American Eagle Outfitters Inc's EBITDA was $448.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.8% from the prior year.
American Eagle Outfitters Inc reported $186.0M in net income in fiscal year 2026. This represents a decrease of 43.1% from the prior year.
American Eagle Outfitters Inc earned $1.09 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 35.1% from the prior year.
Cash & Balance Sheet
American Eagle Outfitters Inc generated $195.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 23.2% from the prior year.
American Eagle Outfitters Inc held $238.9M in cash against $0 in long-term debt as of fiscal year 2026.
American Eagle Outfitters Inc paid $0.50 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
American Eagle Outfitters Inc had 167M shares outstanding in fiscal year 2026. This represents a decrease of 3.4% from the prior year.
Margins & Returns
American Eagle Outfitters Inc's gross margin was 36.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
American Eagle Outfitters Inc's operating margin was 4.1% in fiscal year 2026, reflecting core business profitability. This is down 3.9 percentage points from the prior year.
American Eagle Outfitters Inc's net profit margin was 3.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.
American Eagle Outfitters Inc's ROE was 11.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 11.2 percentage points from the prior year.
Capital Allocation
American Eagle Outfitters Inc spent $56.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 70.2% from the prior year.
American Eagle Outfitters Inc invested $260.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 17.2% from the prior year.
AEO Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+6.2% | $1.3B+17.8% | $1.1B-34.3% | $1.7B+28.7% | $1.3B-0.2% | $1.3B+12.9% | $1.1B-29.2% | $1.6B |
| Cost of Revenue | $810.8M+3.5% | $783.7M+2.2% | $767.2M-16.4% | $917.9M+20.4% | $762.5M-3.7% | $792.2M+16.6% | $679.6M-35.4% | $1.1B |
| Gross Profit | $551.9M+10.4% | $500.0M+55.1% | $322.4M-56.5% | $741.0M+40.7% | $526.6M+5.6% | $498.9M+7.5% | $464.2M-17.6% | $563.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $386.3M+12.9% | $342.2M+1.0% | $338.8M-14.5% | $396.3M+12.8% | $351.4M+1.8% | $345.3M+3.5% | $333.5M-17.8% | $405.9M |
| Operating Income | $112.6M+9.2% | $103.1M+221.0% | -$85.2M-127.9% | $305.3M+187.8% | $106.1M+4.9% | $101.1M+29.9% | $77.8M+270.1% | -$45.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $33.2M+40.2% | $23.7M+220.3% | -$19.7M-125.3% | $78.1M+176.7% | $28.2M+7.3% | $26.3M+76.2% | $14.9M+917.7% | $1.5M |
| Net Income | $91.3M+17.7% | $77.6M+219.6% | -$64.9M-127.7% | $234.6M+193.2% | $80.0M+3.6% | $77.3M+14.0% | $67.8M+253.9% | -$44.0M |
| EPS (Diluted) | $0.53+17.8% | $0.45+225.0% | $-0.36 | N/A | $0.41+5.1% | $0.39+14.7% | $0.34 | N/A |
AEO Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+3.2% | $4.1B+7.8% | $3.8B-1.7% | $3.8B+2.5% | $3.7B+5.5% | $3.5B-0.5% | $3.6B0.0% | $3.6B |
| Current Assets | $1.4B+9.9% | $1.3B+16.8% | $1.1B-19.7% | $1.4B+1.4% | $1.3B+7.0% | $1.2B-4.8% | $1.3B-8.5% | $1.4B |
| Cash & Equivalents | $112.8M-11.0% | $126.8M+44.3% | $87.9M-71.6% | $309.0M+92.9% | $160.2M-16.5% | $191.8M-36.2% | $300.5M-15.1% | $354.1M |
| Inventory | $891.2M+24.1% | $718.3M+11.4% | $645.1M+1.3% | $636.7M-20.8% | $804.3M+21.2% | $663.7M-2.6% | $681.1M+6.3% | $640.7M |
| Accounts Receivable | $245.3M+3.4% | $237.4M+3.8% | $228.6M-12.9% | $262.4M+22.5% | $214.1M-7.6% | $231.8M+0.4% | $230.9M-6.9% | $247.9M |
| Goodwill | $225.2M0.0% | $225.2M0.0% | $225.2M+0.1% | $225.1M-0.1% | $225.2M0.0% | $225.2M0.0% | $225.3M0.0% | $225.3M |
| Total Liabilities | $2.6B+1.9% | $2.5B+9.7% | $2.3B+10.9% | $2.1B+3.9% | $2.0B+7.8% | $1.8B+2.3% | $1.8B-0.9% | $1.8B |
| Current Liabilities | $854.8M+9.1% | $783.4M-0.5% | $787.7M-10.8% | $882.7M+3.7% | $851.0M+7.1% | $794.4M+2.7% | $773.3M-13.2% | $891.2M |
| Long-Term Debt | $210.0M+3.4% | $203.0M+84.5% | $110.0M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $1.6B+5.2% | $1.5B+4.8% | $1.5B-16.4% | $1.8B+1.0% | $1.7B+3.1% | $1.7B-3.3% | $1.8B+0.9% | $1.7B |
| Retained Earnings | $2.5B+2.9% | $2.4B+2.4% | $2.4B-3.9% | $2.5B+3.4% | $2.4B+2.4% | $2.3B+2.3% | $2.3B+2.4% | $2.2B |
AEO Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $67.1M+141.4% | $27.8M+150.9% | -$54.7M-114.2% | $383.8M+625.4% | $52.9M-32.4% | $78.3M+305.3% | -$38.1M-112.9% | $296.4M |
| Capital Expenditures | $69.7M-1.8% | $71.0M+15.2% | $61.6M-5.0% | $64.9M+6.8% | $60.7M0.0% | $60.7M+67.7% | $36.2M-8.4% | $39.5M |
| Free Cash Flow | -$2.5M+94.2% | -$43.1M+62.9% | -$116.3M-136.5% | $318.9M+4178.8% | -$7.8M-144.6% | $17.5M+123.6% | -$74.3M-128.9% | $256.8M |
| Investing Cash Flow | -$69.8M-12.1% | -$62.3M-426.3% | -$11.8M+92.2% | -$151.5M-149.4% | -$60.7M+5.9% | -$64.5M-209.0% | $59.2M+141.4% | -$143.2M |
| Financing Cash Flow | -$11.9M-116.7% | $71.4M+146.3% | -$154.1M-83.7% | -$83.9M-256.9% | -$23.5M+80.5% | -$120.3M-62.1% | -$74.2M-83.3% | -$40.5M |
| Dividends Paid | $21.2M+0.1% | $21.2M-2.3% | $21.7M-9.1% | $23.8M-0.8% | $24.0M-0.1% | $24.0M-2.3% | $24.6M-0.4% | $24.7M |
| Share Buybacks | $0 | $0-100.0% | $31.3M-47.8% | $60.0M | $0-100.0% | $96.0M+174.7% | $34.9M | N/A |
AEO Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.5%+1.6pp | 39.0%+9.4pp | 29.6%-15.1pp | 44.7%+3.8pp | 40.8%+2.2pp | 38.6%-1.9pp | 40.6%+5.7pp | 34.9% |
| Operating Margin | 8.3%+0.2pp | 8.0%+15.8pp | -7.8%-26.2pp | 18.4%+10.2pp | 8.2%+0.4pp | 7.8%+1.0pp | 6.8%+9.6pp | -2.8% |
| Net Margin | 6.7%+0.7pp | 6.0%+12.0pp | -6.0%-20.1pp | 14.1%+7.9pp | 6.2%+0.2pp | 6.0%+0.1pp | 5.9%+8.6pp | -2.7% |
| Return on Equity | 5.6%+0.6pp | 5.0%+9.4pp | -4.4%-17.7pp | 13.3%+8.7pp | 4.6%+0.0pp | 4.6%+0.7pp | 3.9%+6.4pp | -2.5% |
| Return on Assets | 2.2%+0.3pp | 1.9%+3.6pp | -1.7%-7.8pp | 6.1%+4.0pp | 2.1%-0.0pp | 2.2%+0.3pp | 1.9%+3.1pp | -1.2% |
| Current Ratio | 1.63+0.0 | 1.62+0.2 | 1.38-0.2 | 1.53-0.0 | 1.570.0 | 1.57-0.1 | 1.70+0.1 | 1.61 |
| Debt-to-Equity | 0.130.0 | 0.13+0.1 | 0.07+0.1 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | -0.2%+3.2pp | -3.4%+7.3pp | -10.7%-29.9pp | 19.2%+19.8pp | -0.6%-2.0pp | 1.4%+7.9pp | -6.5%-22.4pp | 15.9% |
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Frequently Asked Questions
What is American Eagle Outfitters Inc's annual revenue?
American Eagle Outfitters Inc (AEO) reported $5.5B in total revenue for fiscal year 2026. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is American Eagle Outfitters Inc's revenue growing?
American Eagle Outfitters Inc (AEO) revenue grew by 4.1% year-over-year, from $5.3B to $5.5B in fiscal year 2026.
Is American Eagle Outfitters Inc profitable?
Yes, American Eagle Outfitters Inc (AEO) reported a net income of $186.0M in fiscal year 2026, with a net profit margin of 3.4%.
What is American Eagle Outfitters Inc's EBITDA?
American Eagle Outfitters Inc (AEO) had EBITDA of $448.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does American Eagle Outfitters Inc have?
As of fiscal year 2026, American Eagle Outfitters Inc (AEO) had $238.9M in cash and equivalents against $0 in long-term debt.
What is American Eagle Outfitters Inc's gross margin?
American Eagle Outfitters Inc (AEO) had a gross margin of 36.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is American Eagle Outfitters Inc's operating margin?
American Eagle Outfitters Inc (AEO) had an operating margin of 4.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is American Eagle Outfitters Inc's net profit margin?
American Eagle Outfitters Inc (AEO) had a net profit margin of 3.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does American Eagle Outfitters Inc pay dividends?
Yes, American Eagle Outfitters Inc (AEO) paid $0.50 per share in dividends during fiscal year 2026.
What is American Eagle Outfitters Inc's return on equity (ROE)?
American Eagle Outfitters Inc (AEO) has a return on equity of 11.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is American Eagle Outfitters Inc's free cash flow?
American Eagle Outfitters Inc (AEO) generated $195.4M in free cash flow during fiscal year 2026. This represents a -23.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is American Eagle Outfitters Inc's operating cash flow?
American Eagle Outfitters Inc (AEO) generated $456.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are American Eagle Outfitters Inc's total assets?
American Eagle Outfitters Inc (AEO) had $4.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What are American Eagle Outfitters Inc's capital expenditures?
American Eagle Outfitters Inc (AEO) invested $260.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is American Eagle Outfitters Inc's current ratio?
American Eagle Outfitters Inc (AEO) had a current ratio of 1.51 as of fiscal year 2026, which is generally considered healthy.
What is American Eagle Outfitters Inc's debt-to-equity ratio?
American Eagle Outfitters Inc (AEO) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is American Eagle Outfitters Inc's return on assets (ROA)?
American Eagle Outfitters Inc (AEO) had a return on assets of 4.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is American Eagle Outfitters Inc's Altman Z-Score?
American Eagle Outfitters Inc (AEO) has an Altman Z-Score of 3.31, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is American Eagle Outfitters Inc's Piotroski F-Score?
American Eagle Outfitters Inc (AEO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are American Eagle Outfitters Inc's earnings high quality?
American Eagle Outfitters Inc (AEO) has an earnings quality ratio of 2.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is American Eagle Outfitters Inc?
American Eagle Outfitters Inc (AEO) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.