Carter's Inc. (CRI) 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 26	$0.06	$0.26	+333.3%	—	—	—
Q1 26	$0.13	$0.39	+200.0%	—	$681.1M	—
Q4 25	$1.7	$1.9	+11.8%	—	$925.5M	—
Q3 25	$0.74	$0.74	0.0%	—	$757.8M	—
Q2 25	$0.37	$0.17	-54.1%	—	$585.3M	—
Q1 25	$0.52	$0.66	+26.9%	—	$629.8M	—
Q4 24	$1.92	$2.39	+24.5%	—	$859.7M	—
Q3 24	$1.4	$1.64	+17.1%	—	$758.5M	—
Q2 24	$0.5	$0.76	+52.0%	—	$564.4M	—
Q1 24	$0.77	$1.04	+35.1%	—	$661.5M	—
Q4 23	$2.61	$2.76	+5.7%	—	$857.9M	—
Q3 23	$1.54	$1.84	+19.5%	—	$791.7M	—
Q2 23	$0.53	$0.64	+20.8%	—	$600.2M	—
Q1 23	$0.57	$0.98	+71.9%	—	$695.9M	—
Q4 22	$1.73	$2.29	+32.4%	—	$912.1M	—
Q3 22	$1.71	$1.67	-2.3%	—	$818.6M	—

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 %
FY25	—	$2.53	—	—	$2.9B	—
FY24	—	$5.12	—	—	$2.8B	—
FY23	—	$6.24	—	—	$2.9B	—
FY22	—	$6.34	—	—	$3.2B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.2B	$3.4B	$3.5B	$3.5B	$3B	$3.5B	$3.2B	$2.9B	$2.8B	$2.9B
YoY change	+6.13%	+6.31%	+1.82%	+1.65%	-14.1%	+15.3%	-7.85%	-8.32%	-3.45%	+1.91%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.2B	3.4B	3.5B	3.5B	3B	3.5B	3.2B	2.9B	2.8B	2.9B
Cost of revenue	1.8B	1.9B	2B	2B	1.7B	1.8B	1.7B	1.5B	1.5B	1.6B
Gross profit	1.4B	1.5B	1.5B	1.5B	1.3B	1.7B	1.5B	1.4B	1.4B	1.3B
Gross margin	43.1%	43.6%	43.3%	42.9%	43.4%	47.7%	45.8%	47.4%	48%	45.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	995.4M	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.2B
Operating expenses	952.6M	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.2B
Operating income	425.9M	419.6M	391.4M	402.7M	234.1M	497.1M	388.2M	323.4M	284.7M	143.9M
Operating margin	13.3%	12.3%	11.3%	11.4%	7.74%	14.3%	12.1%	11%	10%	4.97%
Non-operating income, net	-4M	1.2M	-1.4M	-38.4M	-44.6M	409K	-29.9M	8M	-33.6M	-9.3M
Pretax income	395.4M	391.1M	356M	328M	135M	438.3M	316.7M	302.2M	230.8M	113.8M
Income tax	137.7M	88.2M	73.9M	64.2M	25.3M	98.5M	66.7M	69.7M	45.3M	22M
Net income	257.7M	302.8M	282.1M	263.8M	109.7M	339.7M	250M	232.5M	185.5M	91.8M
Net margin	8.06%	8.91%	8.15%	7.5%	3.63%	9.74%	7.78%	7.89%	6.52%	3.17%
EBITDA	495.9M	505.5M	480.2M	500.1M	329.3M	592.7M	453.7M	400.4M	350.1M	205M
EPS	5.13	6.31	6.06	5.89	2.51	7.83	6.34	6.24	5.12	2.53
Diluted EPS	5.08	6.24	6	5.85	2.5	7.81	6.34	6.24	5.12	2.53

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 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	791.7M	857.9M	661.5M	564.4M	758.5M	859.7M	629.8M	585.3M	757.8M	925.5M	681.1M	—
Cost of revenue	415.3M	439.7M	346.3M	281.5M	402.4M	448.7M	338.7M	303.6M	416.2M	525.3M	387.2M	—
Gross profit	376.4M	418.2M	315.2M	282.9M	356M	411M	291.1M	281.8M	341.6M	400.2M	293.9M	—
Gross margin	47.5%	48.7%	47.6%	50.1%	46.9%	47.8%	46.2%	48.1%	45.1%	43.2%	43.1%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	288.7M	287M	265.4M	247.5M	284.7M	302.1M	270.3M	281M	318M	319.6M	270M	—
Operating expenses	283M	282.1M	260.2M	243.5M	279M	297.8M	265M	277.7M	312.5M	315.5M	265.4M	—
Operating income	93.4M	136.1M	55M	39.5M	77M	113.2M	26.1M	4M	29.1M	84.7M	28.4M	—
Operating margin	11.8%	15.9%	8.32%	6.99%	10.2%	13.2%	4.14%	0.69%	3.84%	9.15%	4.18%	—
Non-operating income, net	-507K	7.5M	-274K	-404K	-1.3M	-31.6M	-76K	1.2M	-9.7M	-834K	-86K	—
Pretax income	85.4M	138M	49.9M	34.4M	70.7M	75.8M	21.3M	1.7M	14.8M	75.9M	19.9M	—
Income tax	19.2M	31.4M	11.9M	6.7M	12.4M	14.3M	5.8M	1.3M	3.2M	11.7M	5.5M	—
Net income	66.1M	106.5M	38M	27.6M	58.3M	61.5M	15.5M	446K	11.6M	64.2M	14.3M	—
Net margin	8.35%	12.4%	5.75%	4.9%	7.69%	7.16%	2.47%	0.08%	1.53%	6.94%	2.1%	—
EBITDA	110M	161.2M	72.7M	56.6M	92.5M	98.2M	42.4M	23.1M	35.8M	102M	45.2M	—
EPS	1.78	2.9	1.04	0.76	1.62	1.71	0.43	0.01	0.32	1.76	0.39	2.87
Diluted EPS	1.78	2.9	1.04	0.76	1.62	1.71	0.43	0.01	0.32	1.76	0.39	2.87

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.3B	5.6B	3.8B	4.9B	4.1B	4.3B	2.9B	2.7B	1.9B	1.1B	1.5B
Enterprise value	4.6B	6B	4.2B	6.1B	4.7B	4.9B	3.9B	3.5B	2.6B	1.9B	2B
Shares outstanding	49.9M	47.6M	46.2M	44.4M	43.2M	42.9M	38.8M	36.6M	35.5M	35.4M	35.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.7	18.5	13.4	18.4	37.1	12.8	11.6	11.8	10.4	12.5	7.43
P/S	1.35	1.64	1.09	1.38	1.35	1.24	0.9	0.93	0.68	0.4	0.49
P/B	5.47	6.52	4.33	5.52	4.34	4.56	3.64	3.24	2.25	1.24	1.43
EV/EBITDA	9.26	11.9	8.73	12.1	14.3	8.3	8.52	8.67	7.55	9.03	5.82
EV/Sales	1.44	1.77	1.21	1.72	1.55	1.41	1.2	1.18	0.93	0.64	0.67
Earnings yield	5.98%	5.42%	7.49%	5.43%	2.7%	7.83%	8.63%	8.48%	9.64%	7.99%	13.5%
FCF yield	6.51%	4.65%	7.76%	6.71%	13.7%	5.32%	1.66%	17.1%	12.6%	5.98%	16.7%
PEG	—	—	—	—	—	—	—	—	—	—	0

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	43.1%	43.6%	43.3%	42.9%	43.4%	47.7%	45.8%	47.4%	48%	45.4%	44.7%
Operating margin	13.3%	12.3%	11.3%	11.4%	7.74%	14.3%	12.1%	11%	10%	4.97%	23.7%
Net margin	8.06%	8.91%	8.15%	7.5%	3.63%	9.74%	7.78%	7.89%	6.52%	3.17%	6.55%
ROE	32.7%	35.3%	32.4%	30%	11.7%	35.8%	31.4%	27.5%	21.7%	9.92%	20.7%
ROA	13.2%	14.6%	13.7%	9.58%	3.23%	10.7%	10.2%	9.77%	7.62%	3.58%	6.94%
ROIC	26%	25.1%	24%	15.5%	12.2%	25.1%	17.4%	15.8%	14.6%	7.13%	7.14%
Return on tangible assets	26.4%	38.7%	36%	17.1%	4.82%	16.3%	18.3%	17.8%	12.9%	5.85%	6.07%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.81	3.08	3.19	2.33	2.46	2.65	2.25	2.15	2.25	2.51	2.47
Quick ratio	2.05	1.42	1.43	1.08	1.7	1.75	0.84	1.1	1.26	1.44	1.72
Debt / equity	0.74	0.72	0.68	1.61	1.84	1.65	1.48	1.28	1.32	1.31	1.15
Debt / assets	0.3	0.3	0.29	0.52	0.51	0.49	0.48	0.45	0.46	0.47	0.48
Net debt / EBITDA	0.57	0.87	0.88	2.41	1.9	0.98	2.14	1.82	2.05	3.43	3.51
Interest coverage	15.6	14	11.3	9.72	3.41	8.27	8.4	9.9	8.37	4.33	3.94
Effective tax rate	34.8%	22.6%	20.8%	19.6%	18.7%	22.5%	21.1%	23.1%	19.6%	19.4%	19.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	64.1	71.4	75	79.3	69.9	81.4	82.8	80.5	80.1	81.9	84
EPS (basic)	5.13	6.31	6.06	5.89	2.51	7.83	6.34	6.24	5.12	2.53	2.53
EPS (diluted)	5.08	6.24	6	5.85	2.5	7.81	6.34	6.24	5.12	2.53	5.38
Book value per share	15.8	18	18.8	19.8	21.7	22.2	20.5	23.1	24.1	26.1	28
FCF per share	5.62	5.47	6.33	7.34	12.8	5.39	1.24	12.8	6.83	1.94	3.58
Cash per share	6	3.75	3.68	4.83	25.5	23	5.45	9.6	11.6	14.4	17.8
Capex per share	0	0	0.01	0.02	0	0	—	—	—	1.52	1.52

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.01%	0%	0.01%	0.02%	0%	0%	—	—	—	1.85%	1.85%
Capex / operating cash flow	0.06%	0%	0.11%	0.2%	0%	0%	—	—	—	43.9%	43.9%
Payout ratio	25.7%	23.4%	29.7%	34%	23.9%	17.7%	47.2%	48.2%	62.6%	61.4%	18.7%
Dividend yield	1.54%	1.27%	2.22%	1.85%	0.65%	1.39%	4.08%	4.09%	6.04%	4.91%	2.48%

Yield

2.48%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Sep 1, 2026

Payout ratio

19%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.25
May 26, 2026	$0.25
Mar 13, 2026	$0.25
Nov 24, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$791.7M	$857.9M	$661.5M	$564.4M	$758.5M	$859.7M	$629.8M	$585.3M	$757.8M	$925.5M	$681.1M	—
YoY change	-3.29%	-5.95%	-4.94%	-5.96%	-4.19%	+0.22%	-4.79%	+3.7%	-0.08%	+7.65%	+8.14%	—

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	299.4M	178.5M	170.1M	214.3M	1.1B	984.3M	211.7M	351.2M	412.9M	508.8M
Receivables	182.2M	230M	244.3M	251M	180.8M	226.6M	187.9M	167.4M	182.1M	162.8M
Inventory	487.6M	548.7M	574.2M	594M	599.3M	647.7M	744.6M	537.1M	502.3M	544.6M
Total current assets	1.1B	1B	1B	1.1B	1.9B	1.9B	1.2B	1.1B	1.1B	1.3B
Property, plant & equipment	385.9M	377.9M	350.4M	1B	855.4M	703.8M	682.2M	711.5M	758.1M	778.1M
Goodwill & intangibles	969.9M	1.3B	1.3B	1.2B	1.1B	1.1B	1.1B	1.1B	996.9M	995.6M
Total assets	1.9B	2.1B	2.1B	2.8B	3.4B	3.2B	2.4B	2.4B	2.4B	2.6B
Accounts payable	158.4M	182.1M	199.1M	183.6M	472.1M	407M	264.1M	242.1M	248.2M	235.7M
Short-term debt	—	—	—	160.2M	185.2M	133.7M	142.4M	135.4M	130.6M	136.5M
Total current liabilities	277.6M	331.2M	327.4M	475.5M	792.5M	717.2M	528.9M	511.9M	508.8M	506M
Long-term debt	580.4M	617.3M	593.3M	1.3B	1.5B	1.4B	1B	946.2M	999.6M	1.1B
Total liabilities	1.2B	1.2B	1.2B	1.9B	2.5B	2.2B	1.6B	1.5B	1.6B	1.6B
Shareholders' equity	788.1M	857.4M	869.4M	880.1M	938M	950.2M	796.4M	845.3M	854.6M	925M
Total debt	580.4M	617.3M	593.3M	1.4B	1.7B	1.6B	1.2B	1.1B	1.1B	1.2B
Net debt	281M	438.8M	423.2M	1.2B	626.9M	582.7M	969M	730.3M	717.3M	725M

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	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	174.5M	169.1M	351.2M	267.6M	316.6M	175.5M	412.9M	320.8M	338.2M	184.2M	508.8M	473.4M
Receivables	128.4M	239.5M	167.4M	219.8M	127.6M	243.1M	182.1M	196.1M	138.2M	239.4M	162.8M	192.4M
Inventory	681.6M	620.7M	537.1M	473.4M	599.3M	607.4M	502.3M	474.1M	619.1M	656.1M	544.6M	465.9M
Total current assets	1B	1.1B	1.1B	1B	1.1B	1.1B	1.1B	1B	1.2B	1.1B	1.3B	1.2B
Property, plant & equipment	677.8M	686.9M	711.5M	704.7M	690.8M	742.5M	758.1M	748.1M	759.5M	800.6M	778.1M	757.6M
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	996.9M	997.3M	999.3M	996.1M	995.6M	992.5M
Total assets	2.3B	2.3B	2.4B	2.3B	2.4B	2.4B	2.4B	2.3B	2.5B	2.5B	2.6B	2.5B
Accounts payable	281.3M	222.2M	242.1M	191.4M	313.8M	273.9M	248.2M	199.1M	306.4M	240.2M	235.7M	188.7M
Short-term debt	137.5M	135.9M	135.4M	133.2M	129M	130.1M	130.6M	125.6M	124M	150.5M	136.5M	133.4M
Total current liabilities	517.5M	464.2M	511.9M	419M	527.6M	484.1M	508.8M	409.3M	525.7M	501.7M	506M	433.4M
Long-term debt	917.8M	994.4M	946.2M	941.9M	934.3M	983.5M	999.6M	997M	1B	1B	1.1B	1.1B
Total liabilities	1.5B	1.5B	1.5B	1.4B	1.5B	1.5B	1.6B	1.5B	1.6B	1.6B	1.6B	1.6B
Shareholders' equity	775M	785.3M	845.3M	841.4M	811.8M	829.3M	854.6M	847.2M	853.9M	864.6M	925M	928.5M
Total debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B
Net debt	880.8M	961.2M	730.3M	807.5M	746.6M	938.1M	717.3M	801.7M	786.2M	994.2M	725M	722.9M

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	257.7M	302.8M	282.1M	263.8M	109.7M	339.7M	250M	232.5M	185.5M	91.8M
Depreciation & amortization	73.4M	84.4M	89.7M	96M	94M	94.1M	65.3M	64.1M	57.9M	55.3M
Stock-based compensation	16.8M	17.5M	14.7M	16.5M	12.8M	21M	21.9M	19.5M	17.8M	20.2M
Change in working capital	20.6M	-2M	-53.2M	4.1M	318.3M	-200.5M	-302.7M	221.4M	14.5M	-49.2M
Operating cash flow	371.1M	345.8M	334M	368.5M	514M	243.9M	36.6M	534.1M	271M	122.3M
Capital expenditure	216K	15K	380K	749K	0	0	—	—	—	-53.7M
Investing cash flow	216K	-158.4M	476K	749K	1.4M	5M	0	0	—	-53.7M
Dividends paid	-66.4M	-70.9M	-83.7M	-89.6M	-26.3M	-60.1M	-118.1M	-112M	-116.2M	-56.4M
Share repurchases	-300.4M	-188.8M	-193M	-196.9M	-45.3M	-299.3M	-299.7M	-100M	-50.5M	0
Financing cash flow	-370.7M	-395.5M	-624.5M	-658.9M	-428.2M	-363.7M	-943.7M	-527.1M	-175.2M	2M
Net change in cash	669K	-208.1M	-290.1M	-289.7M	87.2M	-114.8M	-907.1M	7.1M	95.8M	70.7M
Free cash flow	280.7M	260.1M	292.4M	325.8M	555.6M	230.8M	48M	469.3M	242.6M	68.6M

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	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	23.9M	66.1M	106.5M	38M	27.6M	58.3M	61.5M	15.5M	446K	11.6M	64.2M	14.3M
Depreciation & amortization	16.8M	16M	15.6M	14.8M	14.4M	14.4M	14.3M	13.3M	13.6M	13.8M	14.7M	13.6M
Stock-based compensation	6.6M	3.9M	4.6M	5.2M	4.1M	4.7M	3.9M	9.8M	5.2M	3.7M	1.6M	3.7M
Change in working capital	130.4M	-106.1M	200.3M	-70.4M	69.9M	-176.9M	192M	-75.4M	33.5M	-175.5M	168.3M	-15.1M
Operating cash flow	177.3M	-24.8M	327.7M	-5.1M	116.8M	-99.8M	259.2M	-29.9M	40.3M	-128M	258.6M	6.4M
Capital expenditure	—	—	—	—	—	—	—	—	-16.2M	-16.1M	-11M	-7M
Investing cash flow	—	—	—	—	—	—	—	—	-16.2M	-16.1M	-11M	-7M
Dividends paid	-28.2M	-27.9M	-27.5M	-29.3M	-29.2M	-28.8M	-28.8M	-29M	-9.1M	-9.1M	-9.1M	-9.2M
Share repurchases	-30.3M	-27.6M	-32.5M	-9M	-24.8M	-16.7M	0	0	0	0	0	—
Financing cash flow	-218.6M	14.4M	-200.1M	-45.7M	-54M	-45.7M	-29.7M	-33.6M	-9.2M	-9.3M	-20.9M	-12.2M
Net change in cash	-41.2M	-10.4M	127.6M	-50.9M	62.8M	-145.5M	229.4M	-63.5M	14.9M	-153.4M	226.8M	-12.8M
Free cash flow	154.5M	-19.6M	306M	-37.6M	104.9M	-95.7M	270.9M	-59M	24.1M	-144.1M	247.6M	-543K

Carter's 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

Dividend per share

Recent payouts

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

Split history