Urban Outfitters Inc. (URBN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$1.7	$2.78	+63.5%	—	$1.7B	—
Q1 27	$1.14	$1.3	+14.0%	—	$1.5B	—
Q4 26	$1.26	$1.05	-16.7%	—	$1.8B	—
Q3 26	$1.19	$1.29	+8.4%	—	$1.5B	—
Q2 26	$1.48	$1.58	+6.8%	—	$1.5B	—
Q1 26	$0.84	$1.16	+38.1%	—	$1.3B	—
Q4 25	$0.94	$1.28	+36.2%	—	$1.6B	—
Q3 25	$0.87	$1.1	+26.4%	—	$1.4B	—
Q2 25	$1	$1.24	+24.0%	—	$1.4B	—
Q1 25	$0.53	$0.69	+30.2%	—	$1.2B	—
Q4 24	$0.74	$0.5	-32.4%	—	$1.5B	—
Q3 24	$0.82	$0.89	+8.5%	—	$1.3B	—
Q2 24	$0.89	$1.1	+23.6%	—	$1.3B	—
Q1 24	$0.35	$0.56	+60.0%	—	$1.1B	—
Q4 23	$0.38	$0.34	-10.5%	—	$1.4B	—
Q3 23	$0.41	$0.4	-2.4%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$5.15	—	—	$6.2B	—
FY25	—	$4.34	—	—	$5.6B	—
FY24	—	$3.1	—	—	$5.2B	—
FY23	—	$1.71	—	—	$4.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$3.5B	$3.6B	$4B	$4B	$3.4B	$4.5B	$4.8B	$5.2B	$5.6B	$6.2B
YoY change	+2.92%	+1.98%	+9.25%	+0.84%	-13.4%	+31.9%	+5.42%	+7.47%	+7.71%	+11.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3.5B	3.6B	4B	4B	3.4B	4.5B	4.8B	5.2B	5.6B	6.2B
Cost of revenue	2.3B	2.4B	2.6B	2.7B	2.6B	3.1B	3.4B	3.4B	3.6B	3.9B
Gross profit	1.2B	1.2B	1.3B	1.2B	861.9M	1.5B	1.4B	1.7B	1.9B	2.2B
Gross margin	35.1%	32.5%	34.1%	31.1%	25%	32.8%	29.8%	33.3%	34.7%	36%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	906.1M	915.6M	965.4M	994M	857.9M	1.1B	1.2B	1.3B	1.5B	1.6B
Operating expenses	906.1M	915.6M	965.4M	994M	857.9M	1.1B	1.2B	1.3B	1.5B	1.6B
Operating income	338.5M	259.9M	381.3M	245.8M	4M	408.6M	226.6M	376.2M	473.8M	605.6M
Operating margin	9.55%	7.19%	9.65%	6.17%	0.12%	8.98%	4.73%	7.3%	8.54%	9.82%
Non-operating income, net	-2.3M	-3.4M	-3.5M	-15.6M	-173K	-5.2M	-6.1M	-10.6M	-4.6M	-45.5M
Pretax income	338.1M	261.4M	385.6M	239.7M	3.5M	404.6M	221.3M	381.6M	500.2M	596.9M
Income tax	120M	153.1M	87.5M	71.6M	2.3M	94M	61.6M	93.9M	97.7M	132M
Net income	218.1M	108.3M	298M	168.1M	1.2M	310.6M	159.7M	287.7M	402.5M	464.9M
Net margin	6.15%	2.99%	7.54%	4.22%	0.04%	6.83%	3.33%	5.58%	7.25%	7.54%
EBITDA	473.9M	388.3M	505.3M	367.1M	110.7M	511.4M	324.9M	498.2M	621.7M	730.3M
EPS	1.87	0.97	2.75	1.68	0.01	3.17	1.71	3.1	4.34	5.15
Diluted EPS	1.86	0.96	2.72	1.67	0.01	3.13	1.7	3.05	4.26	5.06

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	1.3B	1.5B	1.2B	1.4B	1.4B	1.6B	1.3B	1.5B	1.5B	1.8B	1.5B	1.7B
Cost of revenue	826.8M	1.1B	792.3M	858.7M	864.5M	1.1B	840.4M	938.6M	966M	1.2B	938.8M	940.4M
Gross profit	454.4M	434.2M	408.4M	493.3M	497.3M	527.7M	489.1M	566.2M	563.3M	599.2M	542.6M	721.6M
Gross margin	35.5%	29.2%	34%	36.5%	36.5%	32.3%	36.8%	37.6%	36.8%	33.3%	36.6%	43.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	345.4M	370.4M	333.8M	348.1M	368.6M	402.4M	360.8M	391.8M	419M	440.5M	402.9M	432.8M
Operating expenses	345.4M	370.4M	333.8M	348.1M	368.6M	402.4M	360.8M	391.8M	419M	440.5M	402.9M	432.8M
Operating income	109M	63.7M	74.6M	145.1M	128.7M	125.3M	128.2M	174.4M	144.3M	158.7M	139.7M	288.7M
Operating margin	8.51%	4.29%	6.21%	10.7%	9.45%	7.66%	9.64%	11.6%	9.44%	8.81%	9.43%	17.4%
Non-operating income, net	705K	-15.7M	6.2M	7.4M	7.1M	-25.4M	9.6M	8.9M	8.1M	-72.2M	6.2M	9.8M
Pretax income	109.7M	64M	80.9M	152.6M	135.8M	130.9M	137.9M	183.3M	152.4M	123.3M	145.9M	298.5M
Income tax	26.7M	16.3M	19.1M	35.1M	32.9M	10.6M	29.5M	39.4M	36M	27M	30.2M	57.9M
Net income	83M	47.8M	61.8M	117.5M	102.9M	120.3M	108.3M	143.9M	116.4M	96.3M	115.7M	240.7M
Net margin	6.48%	3.21%	5.14%	8.69%	7.56%	7.35%	8.15%	9.56%	7.61%	5.34%	7.81%	14.5%
EBITDA	136.8M	104M	102.4M	173.9M	158.2M	187.2M	157.8M	206.2M	177.3M	189.1M	175.8M	326.3M
EPS	0.89	0.51	0.66	1.26	1.12	1.3	1.18	1.6	1.3	1.07	1.32	2.81
Diluted EPS	0.88	0.5	0.65	1.24	1.1	1.28	1.16	1.58	1.28	1.05	1.3	2.78

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	3.1B	3.8B	3.5B	2.6B	2.7B	2.8B	2.6B	3.5B	5.1B	6.4B	6.5B
Enterprise value	2.7B	3.4B	2.9B	3.5B	3.4B	3.6B	3.3B	4.1B	5.6B	6.9B	7B
Shares outstanding	116.9M	111.9M	108.3M	99.8M	97.8M	98M	93.2M	92.7M	92.7M	90.2M	90.2M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	14.2	35.3	11.7	15.2	2.2K	9.06	16	12.2	12.8	13.7	11.8
P/S	0.87	1.06	0.89	0.64	0.78	0.62	0.53	0.68	0.93	1.04	1
P/B	2.36	2.93	2.35	1.76	1.82	1.61	1.42	1.67	2.08	2.27	2.47
EV/EBITDA	5.79	8.68	5.66	9.48	31.1	6.95	10.1	8.3	9.05	9.47	8.96
EV/Sales	0.77	0.93	0.72	0.87	1	0.78	0.69	0.8	1.01	1.12	1.07
Earnings yield	7.03%	2.84%	8.52%	6.58%	0.05%	11%	6.26%	8.17%	7.84%	7.28%	8.48%
FCF yield	8.75%	5.74%	9.48%	2.21%	4.72%	3.44%	-2.22%	8.79%	6.23%	4.93%	1.51%
PEG	—	—	—	—	—	—	—	—	—	—	0.16

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	35.1%	32.5%	34.1%	31.1%	25%	32.8%	29.8%	33.3%	34.7%	36%	43.4%
Operating margin	9.55%	7.19%	9.65%	6.17%	0.12%	8.98%	4.73%	7.3%	8.54%	9.82%	11.6%
Net margin	6.15%	2.99%	7.54%	4.22%	0.04%	6.83%	3.33%	5.58%	7.25%	7.54%	8.79%
ROE	16.6%	8.32%	20%	11.6%	0.08%	17.8%	8.91%	13.6%	16.3%	16.5%	20.9%
ROA	11.5%	5.54%	13.8%	5.07%	0.03%	8.19%	4.34%	7%	8.91%	9.28%	8.02%
ROIC	22.9%	12.6%	34.6%	7.24%	0.06%	12.6%	6.47%	10.4%	12.9%	14.1%	17.2%
Return on tangible assets	11.5%	5.54%	13.8%	5.07%	0.03%	8.19%	4.34%	7%	8.91%	9.28%	11.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.5	2.72	3.11	1.65	1.35	1.31	1.39	1.29	1.39	1.51	1.58
Quick ratio	1.54	1.74	2.15	1.01	0.92	0.73	0.73	0.74	0.81	0.88	0.91
Debt / equity	—	—	0	0.93	0.9	0.68	0.62	0.51	0.44	0.44	0.43
Debt / assets	—	—	0	0.41	0.37	0.31	0.3	0.26	0.24	0.24	0.24
Net debt / EBITDA	—	—	-1.26	2.52	6.85	1.45	2.26	1.23	0.78	0.73	0.57
Interest coverage	—	—	221.2	200.4	2.03	367.5	169.3	50.8	83.4	122.4	122.4
Effective tax rate	35.5%	58.6%	22.7%	29.9%	64.8%	23.2%	27.8%	24.6%	19.5%	22.1%	21%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	30.3	32.3	36.5	39.9	35.3	46.4	51.5	55.6	59.9	68.4	73.5
EPS (basic)	1.87	0.97	2.75	1.68	0.01	3.17	1.71	3.1	4.34	5.15	5.15
EPS (diluted)	1.86	0.96	2.72	1.67	0.01	3.13	1.7	3.05	4.26	5.06	6.39
Book value per share	11.2	11.6	13.7	14.6	15.1	17.8	19.2	22.8	26.7	31.2	30.5
FCF per share	2.32	1.96	3.06	0.57	1.29	0.99	-0.61	3.34	3.46	3.49	3.41
Cash per share	3.07	4	5.89	4.34	5.83	4.55	4.11	5.02	6.59	7.72	8.36
Capex per share	1.23	0.75	1.06	2.18	1.63	2.68	2.14	2.15	1.97	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	4.05%	2.32%	2.91%	5.46%	4.62%	5.77%	4.16%	3.87%	3.29%	—	—
Capex / operating cash flow	38%	36.6%	29%	91.6%	112.2%	107.3%	92.3%	42.5%	40.2%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$1.3B	$1.5B	$1.2B	$1.4B	$1.4B	$1.6B	$1.3B	$1.5B	$1.5B	$1.8B	$1.5B	$1.7B
YoY change	+9%	+7.34%	+7.82%	+6.27%	+6.3%	+10.1%	+10.7%	+11.3%	+12.3%	+10.1%	+11.4%	+10.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	359.2M	447.3M	637.5M	433.3M	570.3M	446M	382.6M	465.1M	610.4M	695.9M
Receivables	54.5M	77M	80.5M	88.3M	90M	63.8M	70.3M	67M	74M	95.7M
Inventory	338.6M	351.4M	370.5M	409.5M	389.6M	569.7M	587.5M	550.2M	621.1M	700.9M
Total current assets	881.4M	978.8M	1.2B	1.1B	1.2B	1.3B	1.2B	1.3B	1.5B	1.7B
Property, plant & equipment	567.7M	507.9M	448.6M	1.6B	1.7B	1.7B	1.7B	1.6B	1.6B	1.8B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	1.9B	2B	2.2B	3.3B	3.5B	3.8B	3.7B	4.1B	4.5B	5B
Accounts payable	119.5M	128.2M	144.4M	167.9M	237.4M	304.2M	257.6M	253.3M	295.8M	327.9M
Short-term debt	—	—	—	221.6M	254.7M	236.3M	232.7M	226.6M	227.1M	225.5M
Total current liabilities	352.9M	360.2M	386.6M	638.8M	906.1M	981.5M	890.4M	994.2M	1.1B	1.1B
Long-term debt	—	—	0	1.1B	1.1B	951.1M	884.7M	851.9M	871.2M	1B
Total liabilities	589.6M	651.9M	671.4M	1.9B	2.1B	2B	1.9B	2B	2B	2.2B
Shareholders' equity	1.3B	1.3B	1.5B	1.5B	1.5B	1.7B	1.8B	2.1B	2.5B	2.8B
Total debt	—	—	0	1.4B	1.3B	1.2B	1.1B	1.1B	1.1B	1.2B
Net debt	—	—	-358.3M	1.1B	933.1M	980.8M	916.1M	900.2M	807.9M	856.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	455.4M	465.1M	486.6M	561.5M	523M	610.4M	475M	622.8M	611.7M	695.9M	413.3M	716.1M
Receivables	77.4M	67M	88.3M	78.7M	97M	74M	93.2M	86.9M	96M	95.7M	115.9M	103M
Inventory	721M	550.2M	579M	604.7M	793.3M	621.1M	663.8M	696.2M	839.8M	700.9M	726.9M	778.5M
Total current assets	1.5B	1.3B	1.4B	1.5B	1.6B	1.5B	1.4B	1.6B	1.8B	1.7B	1.5B	1.8B
Property, plant & equipment	2.2B	1.6B	2.2B	2.3B	2.3B	1.6B	2.3B	2.4B	2.4B	1.8B	2.7B	2.7B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	4.1B	4.1B	4.2B	4.3B	4.5B	4.5B	4.5B	4.7B	4.9B	5B	4.8B	5.1B
Accounts payable	319.1M	253.3M	321.4M	299.4M	363.2M	295.8M	302.1M	336M	381.8M	327.9M	332.9M	372.6M
Short-term debt	223.8M	226.6M	224.1M	228M	228.4M	227.1M	231.4M	227.1M	223.9M	225.5M	225M	223.2M
Total current liabilities	1B	994.2M	1B	1B	1.1B	1.1B	1B	1.1B	1.2B	1.1B	1B	1.2B
Long-term debt	857.8M	851.9M	849.9M	875.2M	879.4M	871.2M	909.2M	953M	960.2M	1B	979.6M	990.2M
Total liabilities	2.1B	2B	2B	2B	2.1B	2B	2B	2.1B	2.2B	2.2B	2.2B	2.3B
Shareholders' equity	2B	2.1B	2.2B	2.2B	2.4B	2.5B	2.4B	2.6B	2.7B	2.8B	2.6B	2.9B
Total debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B
Net debt	875.3M	900.2M	900M	894M	925.3M	807.9M	951.1M	848M	877.5M	856.4M	903.2M	614.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	218.1M	108.3M	298M	168.1M	1.2M	310.6M	159.7M	287.7M	402.5M	464.9M
Depreciation & amortization	135.3M	128.4M	118M	112.3M	103.8M	105.7M	102.3M	102.5M	115.4M	128.5M
Stock-based compensation	18.3M	14.5M	18.1M	21.1M	20.3M	25.7M	29.4M	30.5M	31M	30.4M
Change in working capital	11M	-30.4M	-25.7M	-256.2M	-166.3M	-387.7M	-266.6M	-193.4M	-323.4M	-337.8M
Operating cash flow	377.9M	229.1M	397M	237.4M	141.9M	244.7M	216.2M	470.2M	454.4M	575.2M
Capital expenditure	-143.7M	-83.8M	-114.9M	-217.4M	-159.2M	-262.4M	-199.5M	-199.6M	-182.6M	—
Investing cash flow	-234.6M	-121.4M	-244.5M	-186.1M	-101.9M	-487.7M	-32M	-521.6M	-308.8M	-51.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-47.8M	-159.2M	-131.6M	-223M	-10.9M	-55.8M	-112M	0	-52.3M	-153.9M
Financing cash flow	-197.5M	-159.2M	-131.6M	-223M	-10.9M	-63.6M	-118.8M	-12.7M	-78M	-192.3M
Net change in cash	-54.2M	-51.5M	20.8M	-171.8M	29.1M	-306.5M	65.4M	-64.2M	67.6M	331.4M
Free cash flow	271.5M	219.2M	331.7M	56.5M	126.6M	96.9M	-56.8M	309.8M	320.3M	315M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	83M	47.8M	61.8M	117.5M	102.9M	120.3M	108.3M	143.9M	116.4M	96.3M	115.7M	240.7M
Depreciation & amortization	27.8M	27.2M	27.8M	28.8M	29.5M	29.4M	29.6M	31.8M	33M	34.2M	36.1M	37.6M
Stock-based compensation	7.7M	7.3M	7.6M	8M	7.8M	7.7M	7.8M	7.2M	7.7M	7.7M	8.1M	7.6M
Change in working capital	-195.6M	127.2M	-111M	-71.2M	-273M	131.8M	-112.4M	-90.4M	-214.7M	79.6M	-108.2M	-98.9M
Operating cash flow	10.1M	255.2M	54.7M	135.6M	-75.3M	339.4M	104.1M	218M	61.1M	263M	15.5M	376.3M
Capital expenditure	-72.5M	-48.6M	-41.1M	-57.8M	-45.2M	-38.5M	-46.2M	—	—	—	—	—
Investing cash flow	-85.7M	-257.9M	-45.8M	-15.3M	-41M	-206.6M	39.4M	-10M	2.2M	-129.2M	436M	1.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	-14.4M	-37.8M	0	0	-172.2M	20.2M	0	-2M	-321.5M	21.5M
Financing cash flow	-1.5M	-1.4M	-15.8M	-54.2M	-3.8M	-4.2M	-176.3M	-5.2M	-5M	-5.8M	-325.4M	-4.5M
Net change in cash	-77M	-4.1M	-6.9M	66.1M	-120.1M	128.6M	-32.9M	202.9M	58.3M	128M	126.1M	373.4M
Free cash flow	-3.5M	180.6M	17.5M	47.5M	-26.6M	281.9M	-13.1M	156.6M	-22.8M	194.3M	-177.8M	301.4M

Urban Outfitters Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement