Citi Trends Inc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Citi Trends Inc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	695	755	770	782	783	992	795	748	753	820
Cost of revenue		466	476	485	472	584	484	463	471	495
Gross profit		289	293	297	312	408	311	285	282	325
Selling, general and administrative	231	247	248	260	260	308	279	285	300	313
Operating income	18.9	22.8	25.1	18.5	31.9	79.5	75.3	-19.5	-39.5	3.85
Interest expense	0.16	0.15	0.15	0.16	0.78	0.31	0.31	0.31	0.32	0.34
Interest income	0.57	0.88	1.35	1.58	0.24	0.03	1.03	3.87	2.47	1.99
Pre-tax income	19.4	23.5	26.3	20	31.4	79.2	76	-15.9	-37.3	5.5
Income tax	6.02	8.93	4.95	3.47	7.42	17	17.1	-3.91	5.84	0.3
Net income	13.3	14.6	21.4	16.5	24	62.2	58.9	-12	-43.2	5.21
EBITDA	36	41.7	44	37.1	51.2	99.9	95.9	-0.46	-20.7	22.3
EPS, basic	0.91	1.04	1.64	1.41	2.33	6.98	7.17	-1.46	-5.19	0.65
EPS, diluted	0.91	1.03	1.64	1.41	2.32	6.91	7.17	-1.46	-5.19	0.63
Shares, basic (weighted)	14.7	14.1	13	11.7	10.3	8.91	8.22	8.22	8.31	8.06
Shares, diluted (weighted)	14.7	14.1	13.1	11.7	10.3	9.01	8.22	8.22	8.31	8.3
Dividend per share			0.08	0.08	0.08

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	49.3	48.5	17.9	19.9	123	49.8	103	79.7	61.1	66.1
Short-term investments	38	31.5	50.4	27.6
Inventory	135	138	140	138	104	124	106	130	123	114
Other current assets	13.7	15.7	17.5	14.3	17.4	15	13	10.8	10.2	12.3
Total current assets	237	233	226	201	244	193	223	225	197	193
Property, plant and equipment	59.3	61.8	56.2	65	63.5	75.3	60.1	56.2	50.7	54.4
Lease right-of-use assets				170	180	202	257	231	214	222
Long-term investments	26.7	25.5	8.88	15.7
Other non-current assets	0.73	0.72	0.75	0.76	0.77	1.32	1.18	1.01	0.85	1.96
Total assets	333	327	298	459	495	474	544	519	463	471
Accounts payable	75.4	75.9	73.4	79.6	84.8	98.9	80.7	100	102	101
Accrued liabilities	15.6	13.8	15.3	14.8	16.6	14.5	16.1	16.5	16.6	15.1
Total current liabilities	100	109	102	151	183	187	161	170	174	173
Lease liabilities				135	146	168	215	189	173	179
Other non-current liabilities	8.51	8.43	8.2	1.92	2.29	2.1	2.32	2.3	2.39	2.28
Total liabilities	109	118	111	288	331	358	378	361	350	355
Paid-in capital	90	90.6	91.8	93.2	95.5	101	102	106	108	112
Retained earnings	149	159	176	187	210	272	331	319	276	281
Treasury stock	-15.2	-40.2	-80.6	-109	-142	-257	-267	-267	-271	-277
Shareholders' equity	224	209	187	171	164	116	166	158	113	116
Total equity	224	209	187	171	164	116	166	158	113	116
Total liabilities and equity	333	327	298	459	495	474	544	519	463	471
Shares outstanding	14.9	13.7	12.2	10.8	9.88	8.62	8.35	8.55	8.55	8.35

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	13.3	14.6	21.4	16.5	24	62.2	58.9	-12	-43.2	5.21
Depreciation and amortization	17.1	18.9	18.9	18.5	19.3	20.4	20.6	19	18.8	18.5
Stock-based compensation	2.92	1.63	2.24	2.12	2.91	4.78	3.64	4.1	3.3	5.39
Deferred income tax	1.48	2.73	-0.76	-0.13	0.47	3.2	0.1	-2.21	5.25	0.1
Change in inventory	1.67	-3.95	-2.33	1.22	33.6	-20.4	16.8	-24.6	7.79	9.13
Change in payables	8.01	0.23	-2.84	5.56	5.08	12.8	-18.3	17.9	0.1	-3.31
Cash from operations	39.7	42.3	30.4	42.6	111	74.3	5.75	-9.58	-3.85	21
Capital expenditures	-23.9	-21	-13.3	-24.2	-17	-29.7	-22.3	-14.9	-10.1	-20.3
Purchases of investments	-44.9	-37.7	-43.9	-43.8	-0.52	-35.3
Sales and maturities of investments	43.7	45.4	41.6	59.8	43.8	35.3
Cash from investing	-24.7	-12.8	-15.3	-7.61	26.7	-29.5	60.2	-13.4	-10.1	-8.49
Share buybacks		-25	-40.4	-28.4	-32.9	-115	-10		-3.78	-6.32
Dividends paid	-3.51	-4.23	-4.21	-3.77	-0.83
Cash from financing	-4.94	-30.3	-45.7	-32.9	-34.3	-118	-12.2	-0.85	-4.66	-7.45
Net change in cash	10.1	-0.8	-30.6	2.06	103	-73.4	53.7	-23.8	-18.6	5.01
Free cash flow	15.8	21.3	17.2	18.4	93.9	44.6	-16.5	-24.5	-14	0.62
Interest paid	0.13	0.13	0.13	0.13	0.73	0.18	0.16	0.16	0.17	0.21
Income taxes paid	4.72	2.65	7.24	4.48	1.13	22.4	13.8	1.81	-0.42	-1.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $49.03 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	39.8%	Gross profit / revenue.
Operating margin	0.6%	Operating income / revenue.
EBITDA margin	2.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	0.9%	Pre-tax income / revenue.
Net margin	0.8%	Net income / revenue.
FCF margin	0.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.0%	Cash from operations / revenue.
Return on equity (ROE)	5.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.5%	Net income / average total assets.
Return on invested capital (ROIC)	6.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	36.9%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.2%	Capital expenditures / revenue.
D&A / revenue	2.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	0.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	15.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	1.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	0.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 3y	-62.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-34.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA CAGR, 3y	-38.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-15.3%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	-55.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-26.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	-55.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-23.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y	53.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-28.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-63.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-11.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-4.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-4.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.13x	Current assets / current liabilities.
Quick ratio	0.31x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.31x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	74.4%	Total liabilities / total assets.
Interest coverage	15.6x	Operating income / interest expense.
Working capital	$23.8M	Current assets - current liabilities.
Tangible book value	$124.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.79x	Revenue / average total assets.
Fixed asset turnover	14.8x	Revenue / average property, plant and equipment.
Inventory turnover	4.14x	Cost of revenue / average inventory.
Days inventory	88 days	365 x average inventory / cost of revenue.
Days payables	74 days	365 x average accounts payable / cost of revenue.
FCF conversion	88.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	81.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.90	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$106.31	Revenue / diluted weighted shares.
FCF per share	$0.79	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.25	Cash from operations / diluted weighted shares.
Book value per share	$14.97	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.97	Tangible book value / shares outstanding.
Cash per share	$6.71	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$408.4M	Share price x shares outstanding.
Enterprise value	$352.5M	Market cap + total debt - cash - short-term investments.
P/E	55.6x	Market cap / net income. Only when net income is positive.
P/S	0.47x	Market cap / revenue.
P/B	3.28x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.28x	Market cap / tangible book value, when positive.
P/FCF	62.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.7x	Market cap / cash from operations, when positive.
EV/Sales	0.41x	Enterprise value / revenue.
EV/EBIT	63.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	13.8x	Enterprise value / EBITDA, when both are positive.
EV/FCF	54.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	1.6%	Free cash flow / market cap.
Earnings yield	1.8%	Net income / market cap (the inverse of P/E).

What was Citi Trends Inc's revenue in fiscal 2025?

Citi Trends Inc reported revenue of $820.0M for fiscal 2025, 8.9% higher than the year before.

Was Citi Trends Inc profitable in fiscal 2025?

Yes. Net income was $5.2M, a net margin of 0.6%.

How much free cash flow did Citi Trends Inc generate in fiscal 2025?

Cash from operations of $21.0M minus capital expenditures of $20.3M left free cash flow of $624.0K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Citi Trends Inc