The Gap, Inc. logo GAP - The Gap, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 21
HOLD 25
SELL 2
STRONG
SELL 0
| PRICE TARGET: $32.67 DETAILS
HIGH: $41.00
LOW: $28.00
MEDIAN: $32.00
CONSENSUS: $32.67
UPSIDE: 39.68%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 15,366 15,086 14,889 15,616 16,670 13,800 16,383 16,580 15,855 15,516 15,797 16,435 16,148 15,651 14,549 14,664 14,197 14,526 15,763 15,943 16,023 16,267 15,854 14,454.7 13,847.9 13,673.5 11,635.4 9,054.5 6,507.8 5,284.4 4,395.3 3,722.9 3,295.7
Cost of Revenue 9,098 8,859 9,114 10,257 10,033 9,095 10,250 10,258 9,789 9,876 10,077 10,146 9,855 9,480 9,275 8,775 8,473 8,473 10,071 10,266 10,145 9,886 9,886 9,542 9,704.4 8,009.1 6,339.1 4,991.8 3,751.8 3,070.3 2,624.1 2,182.8 1,980
Gross Profit 6,268 6,227 5,775 5,359 6,637 4,705 6,133 6,322 6,066 5,640 5,720 6,289 6,293 6,171 5,274 5,889 5,724 5,724 5,692 5,657 5,874 6,381 5,968 4,913 4,143.5 5,664.4 5,296.3 4,062.7 2,756 2,214.1 1,771.2 1,540.1 1,315.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 5,072 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,403.4 1,635 1,270.1 1,004.4 853.5 748.2
Other Expenses 5,153 43 5,215 5,428 5,827 5,567 5,559 4,960 4,587 4,449 4,196 4,206 4,144 4,229 3,836 3,921 3,909 3,909 4,377 4,432 4,099 4,296 4,089 3,901 3,806.0 4,219.6 3,479.6 326.4 269.7 214.9 197.4 168.2 141.8
Operating Expenses 5,153 5,115 5,215 5,428 5,827 5,567 5,559 4,960 4,587 4,449 4,196 4,206 4,144 4,229 3,836 3,921 3,909 3,909 4,377 4,432 4,099 4,296 4,089 3,901 3,806.0 4,219.6 3,479.6 2,729.8 1,904.7 1,485 1,201.8 1,021.7 890
Operating Income
Operating Income 1,115 1,112 560 (69) 810 (862) 574 1,362 1,479 1,191 1,524 2,083 2,149 1,942 1,438 1,968 1,815 1,815 1,315 1,203 1,775 2,085 1,879 1,012.6 337.5 1,444.8 1,816.7 1,332.9 851.3 729.1 569.4 518.4 425.7
Interest Expense 23 87 90 88 167 192 76 73 74 75 59 75 61 87 74 0 6 6 0 0 0 0 0 0 62.9 0 0 0 0 0 0 0 0
Interest Income 26 112 86 18 5 10 30 33 19 8 6 5 5 6 5 14 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,611 1,724 1,168 489.4 994 (403) 1,161 1,973 2,057 1,792 2,137 2,652 2,704 2,507 2,035 2,616 2,486 2,477 1,862 1,755 2,400 2,700 2,543 1,718 1,148.0 2,035.1 2,252.9 1,659.3 1,121 944 766.8 686.6 567.5
EBIT 1,115 1,224 646 (51) 490 (910) 604 1,395 1,498 1,199 1,530 2,088 2,154 1,948 1,443 1,989 1,822 1,822 1,315 1,225 1,775 2,039 1,879 1,012 337.5 1,444.8 1,816.7 1,332.9 851.3 729.1 569.4 518.4 425.7
Income Before Tax 1,132 1,137 556 (139) 323 (1,102) 528 1,322 1,424 1,124 1,471 2,013 2,093 1,861 1,369 1,982 1,816 1,816 1,406 1,264 1,823 1,872 1,683 800.9 241.6 1,381.9 1,785 1,319.2 854.2 748.6 585.2 529.3 424.9
Income Tax Expense 316 293 54 63 67 (437) 177 319 576 448 551 751 813 726 536 778 714 714 539 506 692 722 653 323.4 249.4 504.4 657.9 494.7 320.3 295.7 231.2 209.1 166.5
Net Income 816 844 502 (202) 256 (665) 351 1,003 848 676 920 1,262 1,280 1,135 833 1,204 1,102 1,102 833 778 1,113 1,150 1,030 477.5 (7.8) 877.5 1,127.1 824.5 533.9 452.9 354 320.2 258.4
Per Share Data
EPS (Basic) 2.18 2.24 1.36 -0.55 0.68 -1.78 0.93 2.61 2.16 1.69 2.24 2.90 2.78 2.35 1.57 1.89 1.59 1.59 1.05 0.94 1.26 1.29 1.15 0.55 -0.01 1.03 1.32 0.95 0.60 0.49 0.38 0.34 0.27
EPS (Diluted) 2.14 2.20 1.34 -0.55 0.67 -1.78 0.93 2.59 2.14 1.69 2.23 2.87 2.74 2.33 1.56 1.88 1.58 1.58 1.05 0.93 1.24 1.21 1.09 0.54 -0.01 1.00 1.26 0.91 0.58 0.47 0.37 0.33 0.27
Shares Outstanding 373 376 370 367 376 373.6 376 385 393 399 411 435 461 482 529 636 694 716 791 831 881 893 892.6 867.3 849.8 849.8 853.9 867.9 891.4 924.3 931.6 941.8 957.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 2,616 2,335 1,873 1,215 877 1,988 1,364 1,081 1,783 1,783 2,348 1,715 2,245 2,261 3,388.5 1,035.7 408.8 450.4 565.3 913.2 485.6 579.6 414.5 460.3
Short-Term Investments 386 253 0 0 0 410 290 288 0 41 225 0 817 1,073 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 328 325 490 399 363 393 321 282 335 150 41 0 1,073 0 0 0 0 0 0 0 0 0 15.2
Inventory 2,207 2,067 1,995 2,389 3,018 2,451 2,156 2,131 1,997 1,830 1,477 1,506 1,814 1,704 2,047.9 1,768.6 1,904.2 1,462 1,056.4 733.2 578.8 482.6 370.6 331.2
Other Current Assets 568 196 207 417 270 283 165 171 111 124 323 740 1,428 592 303.3 331.7 335.1 285.4 250.1 184.5 264.9 217.8 270.6 149.7
Total Current Assets 5,777 5,203 4,395 4,617 5,165 6,008 4,516 4,251 4,568 4,315 4,664 4,005 6,304 6,689 5,739.7 3,136.0 2,648.1 2,197.8 1,871.8 1,830.9 1,329.3 1,280 1,055.7 956.4
Non-Current Assets
Property, Plant & Equipment 5,950 5,736 5,681 5,861 6,712 7,058 8,524 2,912 2,805 2,616 2,628 2,933 3,376 3,368 3,776.8 4,161.3 4,007.7 2,715.3 1,876.4 1,365.2 1,135.7 957.8 828.8 740.4
Goodwill 0 207 207 207 207 109 109 109 109 109 99 99 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 59 54 81 90 61 121 92 95 95 61 61 0 286 385.4 385.5 357.2 275.7 215.7 141.3 125.8 74.9 87.7 66.3
Long-Term Investments 0 30 32 26 25 24 17 338 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 905 650 707 620 587 533 409 685 412 475 533 466 368 0 0 0 0 0 0 0.1 36.1 30.4 32 0
Total Non-Current Assets 6,855 6,682 6,649 6,769 7,596 7,761 9,163 3,798 3,421 3,295 3,321 3,559 3,744 3,654 4,162.3 4,546.8 4,364.9 2,991 2,092.1 1,506.6 1,297.6 1,063.1 948.5 806.7
Total Assets 12,632 11,885 11,044 11,386 12,761 13,769 13,679 8,049 7,989 7,610 7,985 7,564 10,048 10,343 9,902.0 7,682.8 7,012.9 5,188.8 3,963.9 3,337.5 2,626.9 2,343.1 2,004.2 1,763.1
Current Liabilities
Account Payables 1,567 1,488 1,349 1,320 1,951 1,743 1,174 1,126 1,181 1,243 1,027 975 1,240 1,178 1,159 1,196.6 1,067.2 805.9 684.1 417 351.8 262.5 263.7 216.7
Short-Term Debt 634 632 0 667 0 831 920 0 0 65 0 50 0 283 500.0 41.9 1,029.9 169 90.7 101.6 40.1 21.8 2.5 7.6
Deferred Revenue 0 0 337 354 345 231 226 227 247 256 0 1,076 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,044 375 710 132 939 121 (159) 543 458 446 677 334 78 125 0.6 82.1 702.0 778 778.3 472.9 383 267.4 233.7 237.9
Total Current Liabilities 3,300 3,256 3,096 3,256 4,077 3,884 3,209 2,174 2,461 2,453 2,131 2,158 2,242 2,492 2,726.6 2,147.7 2,799.1 1,752.9 1,553.1 991.5 774.9 551.7 499.9 462.2
Non-Current Liabilities
Long-Term Debt 1,492 1,490 1,488 1,836 1,484 2,216 1,249 1,249 1,249 1,248 963 1,019 1,886 2,487 2,895.8 1,961.4 780.2 784.9 496.5 496 0 0 0 75
Deferred Tax Liabilities 0 0 0 327 198 0 152 191 91 217 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 554 522 512 544 445 438 397 1,073 1,135 1,005 0 0 984 581 621.4 564.1 505.3 418 340.6 266 197.5 150.9 129.1 99.4
Total Non-Current Liabilities 5,531 5,365 5,353 5,897 5,962 7,271 7,154 2,322 2,384 2,253 963 1,019 2,870 3,068 3,517.2 2,525.5 1,285.5 1,202.9 837.1 762 197.5 150.9 129.1 174.4
Total Liabilities 8,831 8,621 8,449 9,153 10,039 11,155 10,363 4,496 4,845 4,706 3,094 3,177 5,112 5,560 6,243.8 4,673.2 4,084.7 2,955.8 2,390.2 1,753.5 972.4 702.6 629 636.6
Stockholders' Equity
Common Stock 0 19 19 18 19 19 19 19 19 20 55 55 49 49 48.4 47.4 47.0 50.4 33 0 16 16 8 0
Retained Earnings 3,608 3,039 2,420 2,140 2,622 2,501 3,257 3,481 3,081 2,749 10,815 9,947 7,181 6,241 5,289.5 4,890.4 4,974.8 4,172.8 3,121.4 2,392.8 1,938.4 1,569.3 1,282.3 1,026.8
Accumulated Other Comprehensive Income 38 60 43 48 38 9 40 53 36 54 155 123 40 22 (30.3) (69.1) (32.3) (29.9) (88) (938.7) (106) (116) (126) 0
Total Stockholders' Equity 3,801 3,264 2,595 2,233 2,722 2,614 3,316 3,553 3,144 2,904 4,891 4,387 4,936 4,648 3,658.2 3,009.6 2,928.2 2,233 1,573.7 1,584 1,654.5 1,640.5 1,375.2 1,126.5
Total Liabilities & Equity 12,632 11,885 11,044 11,386 12,761 13,769 13,679 8,049 7,989 7,610 7,985 7,564 10,048 10,343 9,902.0 7,682.8 7,012.9 5,188.8 3,963.9 3,337.5 2,626.9 2,343.1 2,004.2 1,763.1
Debt Metrics
Total Debt 5,611 5,475 5,441 6,020 6,251 7,664 7,677 1,249 1,249 1,313 963 50 1,886 2,770 3,395.8 2,003.3 1,810.2 953.9 587.2 597.6 40.1 21.8 2.5 82.6
Net Debt 2,995 3,140 3,568 4,805 5,374 5,676 6,313 168 (534) (470) (1,385) (1,665) (359) 509 7.3 967.5 1,401.4 503.5 21.9 (315.6) (445.5) (557.8) (412) (377.7)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 816 844 502 (202) 256 (665) 351 1,003 848 676 1,113 1,150 1,030 477.5 (7.8) 877.5 1,127.1 824.5 533.9 452.9 354 320.2 258.4
Depreciation & Amortization 496 500 522 540 504 507 557 517 499 531 625 620 664 780.9 810.5 590.4 436.2 326.4 269.7 214.9 197.4 168.2 141.8
Stock-Based Compensation 25 126 80 37 139 77 68 91 87 76 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (19) (7) 500 197 (467) (172) 310 (303) (162) 321 (113) (145) 274 (107) 485.2 (268.7) (299.6) 198.1 31.1 148.7 (71.3) 21 166.9
Other Non-Cash Items (25) (4) (8) (7) 438 627 206 (53) (13) 111 (28) 57 79 161 58.4 130.9 211.8 80 23.7 47.4 11.4 19.5 6.6
Operating Cash Flow 1,293 1,486 1,532 607 809 237 1,411 1,381 1,380 1,719 1,551 1,597 2,171 1,238.4 1,317.8 1,291.2 1,477.9 1,394.2 844.7 835 489.1 504.5 551.3
Investing Activities
Capital Expenditure (470) (447) (420) (685) (694) (392) (1,045) (705) (731) (524) (600) (442) (272) (303.3) (940.1) (1,858.7) (1,238.7) (797.6) (485.6) (371.8) (302.3) (232.8) (212.3)
Acquisitions 0 0 9 0 (156) 0 (69) 0 0 0 0 0 5 3.4 (10.5) 0 0 0 0 0 0 0 0
Purchases of Investments (419) (409) 0 0 (753) (508) (293) (464) 0 0 (1,868) (1,813) (1,202) (472) 0 0 0 0 (2.9) (11.8) 0 (90) (83.5)
Sales/Maturities of Investments 289 162 0 0 1,162 388 293 177 0 0 1,745 2,072 442 159 0 0 0 0 174.7 0 116.1 0 0
Other Investing Activities 0 2 77 458 (5) 2 220 (9) 65 (5) 1,009 343 (1,302) (11.4) 0 (16.3) (39.9) (28.8) (0.1) (52.3) (36.9) (37.1) (3.7)
Investing Cash Flow (600) (692) (334) (227) (446) (510) (894) (1,001) (666) (529) 286 183 (2,318) (629) (950.6) (1,874.9) (1,278.6) (826.4) (313.9) (435.9) (223.1) (359.9) (299.5)
Financing Activities
Net Debt Issuance 0 0 (350) 350 (1,046) 943 0 0 (67) (421) 0 (871) (668) 1,304 209.3 871.4 396.6 1.4 540.4 18.4 20.8 (79.6) 7.6
Stock Repurchased (155) (75) 0 (123) (201) 0 (200) (398) (315) 0 (1,971) (976) 0 0 (0.8) (392.6) (707.1) (892.1) (593.1) (466.7) (71.3) (58.3) 0
Dividends Paid (247) (225) (222) (220) (226) 0 (364) (373) (361) (367) (179) (79) (79) (78) (76.4) (75.5) (75.8) (76.9) (79.5) (83.9) (67) (64.8) (53)
Other Financing Activities (42) (21) 5 (1) 2 (48) 4 22 12 11 0 0 0 0 0 0 0 (0.1) (0.1) 0 0 0.1 0
Financing Cash Flow (419) (321) (567) 6 (1,471) 895 (560) (749) (731) (777) (2,040) (1,796) (636) 1,378.5 271.3 555.5 (310.1) (918.3) (101.6) (495.1) (100.4) (189.8) (34.6)
Cash Position
Net Change in Cash 279 464 628 371 (1,114) 635 (39) (379) 2 413 (210) (16) (766) 2,020 627.0 (41.6) (114.9) (347.9) 427.6 (93.8) 165.1 (45.8) 217.1
Cash at Beginning 2,365 1,901 1,273 902 2,016 1,381 1,420 1,799 1,783 1,370 2,245 2,261 3,027 1,035.7 408.8 450.4 565.3 913.2 485.6 579.6 414.5 460.3 243.3
Cash at End 2,644 2,365 1,901 1,273 902 2,016 1,381 1,420 1,783 1,783 2,035 2,245 2,261 3,388.5 1,035.7 408.8 450.4 565.3 913.2 485.8 579.6 414.5 460.4
Free Cash Flow 823 1,039 1,112 (78) 115 (155) 366 676 649 1,195 951 1,178 1,899 935.1 377.8 (567.5) 239.2 596.6 359.1 463.2 186.8 271.7 339
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 15,366 15,086 14,889 15,616 16,670 13,800 16,383 16,580 15,855 15,516 15,797 16,435 16,148 15,651 14,549 14,664 14,197 14,526 15,763 15,943 16,023 16,267 15,854 14,454.7 13,847.9 13,673.5 11,635.4 9,054.5 6,507.8 5,284.4 4,395.3 3,722.9 3,295.7
Gross Profit 6,268 6,227 5,775 5,359 6,637 4,705 6,133 6,322 6,066 5,640 5,720 6,289 6,293 6,171 5,274 5,889 5,724 5,724 5,692 5,657 5,874 6,381 5,968 4,913 4,143.5 5,664.4 5,296.3 4,062.7 2,756 2,214.1 1,771.2 1,540.1 1,315.7
Operating Income 1,115 1,112 560 (69) 810 (862) 574 1,362 1,479 1,191 1,524 2,083 2,149 1,942 1,438 1,968 1,815 1,815 1,315 1,203 1,775 2,085 1,879 1,012.6 337.5 1,444.8 1,816.7 1,332.9 851.3 729.1 569.4 518.4 425.7
Net Income 816 844 502 (202) 256 (665) 351 1,003 848 676 920 1,262 1,280 1,135 833 1,204 1,102 1,102 833 778 1,113 1,150 1,030 477.5 (7.8) 877.5 1,127.1 824.5 533.9 452.9 354 320.2 258.4
EPS (Diluted) 2.14 2.20 1.34 -0.55 0.67 -1.78 0.93 2.59 2.14 1.69 2.23 2.87 2.74 2.33 1.56 1.88 1.58 1.58 1.05 0.93 1.24 1.21 1.09 0.54 -0.01 1.00 1.26 0.91 0.58 0.47 0.37 0.33 0.27
Balance Sheet
Cash & Equivalents 2,616 2,335 1,873 1,215 877 1,988 1,364 1,081 1,783 1,783 2,348 1,715 2,245 2,261 3,388.5 1,035.7 408.8 450.4 565.3 913.2 485.6 579.6 414.5 460.3
Total Assets 12,632 11,885 11,044 11,386 12,761 13,769 13,679 8,049 7,989 7,610 7,985 7,564 10,048 10,343 9,902.0 7,682.8 7,012.9 5,188.8 3,963.9 3,337.5 2,626.9 2,343.1 2,004.2 1,763.1
Total Debt 5,611 5,475 5,441 6,020 6,251 7,664 7,677 1,249 1,249 1,313 963 50 1,886 2,770 3,395.8 2,003.3 1,810.2 953.9 587.2 597.6 40.1 21.8 2.5 82.6
Stockholders' Equity 3,801 3,264 2,595 2,233 2,722 2,614 3,316 3,553 3,144 2,904 4,891 4,387 4,936 4,648 3,658.2 3,009.6 2,928.2 2,233 1,573.7 1,584 1,654.5 1,640.5 1,375.2 1,126.5
Cash Flow
Operating Cash Flow 1,293 1,486 1,532 607 809 237 1,411 1,381 1,380 1,719 1,551 1,597 2,171 1,238.4 1,317.8 1,291.2 1,477.9 1,394.2 844.7 835 489.1 504.5 551.3
Capital Expenditure (470) (447) (420) (685) (694) (392) (1,045) (705) (731) (524) (600) (442) (272) (303.3) (940.1) (1,858.7) (1,238.7) (797.6) (485.6) (371.8) (302.3) (232.8) (212.3)
Free Cash Flow 823 1,039 1,112 (78) 115 (155) 366 676 649 1,195 951 1,178 1,899 935.1 377.8 (567.5) 239.2 596.6 359.1 463.2 186.8 271.7 339