GAP, INC financials

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SEC pipeline catching up: most recent reported quarter (2026-04-30) isn't incorporated yet — this page is anchored to 2026-01-31 (FY 2025 · 10-K). New filings land within a few weekday pipeline runs.
GAP CIK 0000039911

Source: EDGAR filings · Built 2026-06-02T03:06:46Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 823.00M 1.04B 1.11B -78.00M 115.00M -155.00M
EBITDA 1.61B 1.61B 1.08B 471.00M 1.31B -355.00M
Working Capital 2.48B 1.95B 1.30B 1.36B 1.09B 2.12B
Net Debt 3.00B 3.14B 3.57B 4.46B 5.37B 5.68B
Gross Margin 40.79% 41.28% 38.79% 34.32% 39.81% 34.09%
Operating Margin 7.26% 7.37% 3.76% -0.44% 4.86% -6.25%
Net Margin 5.31% 5.59% 3.37% -1.29% 1.54% -4.82%
Return on Equity (ROE) 21.47% 25.86% 19.34% -9.05% 9.40% -25.44%
Return on Assets (ROA) 6.46% 7.10% 4.55% -1.77% 2.01% -4.83%
Current Ratio 1.75× 1.60× 1.42× 1.42× 1.27× 1.55×
Debt-to-Equity 1.48× 1.68× 2.10× 2.54× 2.30× 2.93×
Effective Tax Rate 27.92% 25.77% 9.71% -45.32% 20.74% 39.66%
Cash Conversion Ratio 1.58× 1.76× 3.05× -3.00× 3.16× -0.36×
Accruals Ratio -0.04× -0.05× -0.09× -0.07× -0.04× -0.07×
SBC % of Revenue 1.05% 0.84% 0.54% 0.24% 0.83% 0.56%
CapEx Coverage 2.75× 3.32× 3.65× 0.89× 1.17× 0.60×
Free Cash Flow Per Share $2.14 $2.71 $2.96 $-0.21 $0.30 $-0.41

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 13.14× 10.94× 14.78× — 26.52× —
P/FCF 13.06× 8.90× 6.70× — 59.17× —
FCF Yield 7.66% 11.24% 14.93% — 1.69% —
EV / EBITDA 8.32× 7.53× 10.11× 19.72× 9.11× —
P/S 0.68× 0.60× 0.49× 0.31× 0.40× 0.55×
P/B 2.74× 2.76× 2.84× 2.16× 2.42× 2.90×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 15.37B 15.09B 14.89B 15.62B 16.67B 13.80B
Cost of Goods and Services Sold 9.10B 8.86B 9.11B 10.26B 10.03B 9.10B
Gross Profit 6.27B 6.23B 5.78B 5.36B 6.64B 4.71B
Research and Development Expense 60.00M 40.00M 37.00M 46.00M 41.00M 46.00M
Operating Expenses 5.15B 5.12B 5.21B 5.43B 5.83B 5.57B
Operating Income (Loss) 1.11B 1.11B 560.00M -69.00M 810.00M -862.00M
Income Tax Expense (Benefit) 316.00M 293.00M 54.00M 63.00M 67.00M -437.00M
Net Income (Loss) Attributable to Parent 816.00M 844.00M 502.00M -202.00M 256.00M -665.00M
Earnings Per Share, Basic $2.19 $2.24 $1.36 $-0.55 $0.68 $-1.78
Weighted Average Number of Shares Outstanding, Basic 373.00M 376.00M 370.00M 367.00M 376.00M 374.00M
Earnings Per Share, Diluted $2.13 $2.20 $1.34 $-0.55 $0.67 $-1.78
Weighted Average Number of Shares Outstanding, Diluted 384.00M 384.00M 376.00M 367.00M 383.00M 374.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.62B 2.33B 1.87B 1.22B 877.00M 1.99B
Assets, Current 5.78B 5.20B 4.39B 4.62B 5.17B 6.01B
Assets 12.63B 11.88B 11.04B 11.39B 12.76B 13.77B
Liabilities, Current 3.30B 3.26B 3.10B 3.26B 4.08B 3.88B
Long-term Debt, Excluding Current Maturities 1.49B 1.49B 1.49B 1.49B 1.48B 2.22B
Stockholders' Equity Attributable to Parent 3.80B 3.26B 2.60B 2.23B 2.72B 2.61B
Common Stock, Shares, Outstanding 372.00M 374.00M 372.00M 366.00M 371.00M 374.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.29B 1.49B 1.53B 607.00M 809.00M 237.00M
Payments to Acquire Property, Plant, and Equipment 470.00M 447.00M 420.00M 685.00M 694.00M 392.00M
Net Cash Provided by (Used in) Investing Activities -600.00M -692.00M -334.00M -227.00M -446.00M -510.00M
Payments for Repurchase of Common Stock 155.00M 75.00M 0 123.00M 201.00M 0
Payments of Dividends 247.00M 225.00M 222.00M 220.00M 226.00M 0
Net Cash Provided by (Used in) Financing Activities -419.00M -321.00M -567.00M 6.00M -1.47B 895.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (GAP CIK 0000039911), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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