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Abercrombie & Fitch vs Gap: revenue, profit, margins and growth compared

Abercrombie & Fitch brought in $5.3B of revenue in fiscal 2025, Gap $15.4B in fiscal 2025. Revenue changed by +6.4% at Abercrombie & Fitch and +1.9% at Gap on the year before, so Abercrombie & Fitch grew faster. Abercrombie & Fitch kept 9.6% of its revenue as net profit, Gap 5.3%. Free cash flow was $378.4M at Abercrombie & Fitch and $823M at Gap.

Side by side, latest fiscal year

ANFGAP
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$5.3B$15.4B
Revenue growth+6.4%+1.9%
Net income$506.9M$816M
Net margin9.6%5.3%
Free cash flow$378.4M$823M
Free cash flow margin7.2%5.4%
Earnings per share (diluted)$10.46$2.13
Cash$759.5M$2.6B
Debtn/a$1.5B
Price to earnings13.010.2
Market value$6B$7.9B
Dividend yieldn/a3.02%
Rank by revenue in sector#195 of 778 · Consumer discretionary#82 of 778 · Consumer discretionary

Over the years

Revenue
ANF FY2018: $3.6BANF FY2019: $3.6BANF FY2020: $3.1BANF FY2021: $3.7BANF FY2022: $3.7BANF FY2023: $4.3BANF FY2024: $4.9BANF FY2025: $5.3BGAP FY2018: $16.6BGAP FY2019: $16.4BGAP FY2020: $13.8BGAP FY2021: $16.7BGAP FY2022: $15.6BGAP FY2023: $14.9BGAP FY2024: $15.1BGAP FY2025: $15.4BFY18FY19FY20FY21FY22FY23FY24FY25
ANF $5.3BGAP $15.4B
Net income
ANF FY2018: $74.5MANF FY2019: $39.4MANF FY2020: -$114MANF FY2021: $263MANF FY2022: $2.8MANF FY2023: $328.1MANF FY2024: $566.2MANF FY2025: $506.9MGAP FY2018: $1BGAP FY2019: $351MGAP FY2020: -$665MGAP FY2021: $256MGAP FY2022: -$202MGAP FY2023: $502MGAP FY2024: $844MGAP FY2025: $816MFY18FY19FY20FY21FY22FY23FY24FY25
ANF $506.9MGAP $816M
Net margin
ANF FY2018: 2.1%ANF FY2019: 1.1%ANF FY2020: -3.6%ANF FY2021: 7.1%ANF FY2022: 0.1%ANF FY2023: 7.7%ANF FY2024: 11.4%ANF FY2025: 9.6%GAP FY2018: 6.0%GAP FY2019: 2.1%GAP FY2020: -4.8%GAP FY2021: 1.5%GAP FY2022: -1.3%GAP FY2023: 3.4%GAP FY2024: 5.6%GAP FY2025: 5.3%FY18FY19FY20FY21FY22FY23FY24FY25
ANF 9.6%GAP 5.3%
Revenue growth
ANF FY2019: +0.9%ANF FY2020: -13.7%ANF FY2021: +18.8%ANF FY2022: -0.4%ANF FY2023: +15.8%ANF FY2024: +15.6%ANF FY2025: +6.4%GAP FY2019: -1.2%GAP FY2020: -15.8%GAP FY2021: +20.8%GAP FY2022: -6.3%GAP FY2023: -4.7%GAP FY2024: +1.3%GAP FY2025: +1.9%FY19FY20FY21FY22FY23FY24FY25
ANF +6.4%GAP +1.9%
Free cash flow
ANF FY2018: $200.5MANF FY2019: $97.9MANF FY2020: $303MANF FY2021: $180.8MANF FY2022: -$166.9MANF FY2023: $495.6MANF FY2024: $527.5MANF FY2025: $378.4MGAP FY2018: $676MGAP FY2019: $709MGAP FY2020: -$155MGAP FY2021: $115MGAP FY2022: -$78MGAP FY2023: $1.1BGAP FY2024: $1BGAP FY2025: $823MFY18FY19FY20FY21FY22FY23FY24FY25
ANF $378.4MGAP $823M

Fiscal years as each company reports them; the two may end in different months.

Questions about Abercrombie & Fitch and Gap

Which is bigger by revenue, Abercrombie & Fitch or Gap?

Gap is bigger by revenue: $15.4B in fiscal 2025, against $5.3B for Abercrombie & Fitch in fiscal 2025.

Which keeps more of its revenue as profit, Abercrombie & Fitch or Gap?

Abercrombie & Fitch had a net margin of 9.6% in fiscal 2025; Gap had 5.3% in fiscal 2025.

Which grew revenue faster, Abercrombie & Fitch or Gap?

In their latest fiscal years revenue changed by +6.4% at Abercrombie & Fitch and +1.9% at Gap.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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