Gap Inc (GAP)

The Gap, Inc. operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. The company offers its products through company-operated stores, franchise stores, websites, and third-party arrangements, as well as licensing partnerships. It has franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta in Asia, Europe, Latin America, the Middle East, and Africa. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.

Ticker: GAP
Exchange: NYSE
Sector: Consumer Cyclical
Industry: Apparel Retail
Market cap: $7.54B
52-week range: $18.11 - $29.36

Valuation

Share price: $21.48 (close of Nov 6, 2026)
P/E (TTM): 6.26x
Price to book: 1.91x
Price to free cash flow: 7.88x
Enterprise value: $10.77B
Book value per share: $11.26

Price performance

Period	Change
1 day	-4.15%
5 days	-3.76%
1 month	-9.71%
3 months	+4.68%
6 months	-12.54%
Year to date	-16.09%
1 year	-5.71%
3 years	+55.31%
5 years	-13.70%
10 years	-16.61%
All time	+57,896.06%

Short interest

As of: Oct 15, 2026
Short % of float: 12.66%
Shares short: 23.85M
Days to cover: 4.47
Change since prior report: -7.46%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 21.47%
Return on invested capital: 8.49%
Return on assets: 6.46%
Return on capital employed: 11.95%
Gross margin: 40.79%
Net margin: 5.31%
EBITDA margin: 10.48%
Revenue growth: 1.86%
Net income growth: -3.32%
Free cash flow growth: -20.79%

Cash flow and balance sheet

Free cash flow yield (TTM): 12.69%
Current ratio: 1.82x
Net debt to EBITDA: 1.40x

Latest reported year

Period end: Jan 31, 2026
Fiscal year: 2026
Revenue: $15.37B
Cost of revenue: $9.10B
Gross profit: $6.27B
EBITDA: $1.61B
Net income: $816.00M
Earnings per share: $2.19
Research and development: $60.00M
Interest expense: $93.00M
Shares outstanding: 373.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-01-31	$15.37B	$6.27B	$816.00M	$2.19
2025-02-01	$15.09B	$6.23B	$844.00M	$2.24
2024-02-03	$14.89B	$5.78B	$502.00M	$1.36
2023-01-28	$15.62B	$5.36B	-$202.00M	-$0.55
2022-01-29	$16.67B	$6.64B	$256.00M	$0.68
2021-01-30	$13.80B	$4.71B	-$665.00M	-$1.78
2020-02-01	$16.38B	$6.13B	$351.00M	$0.93
2019-02-02	$16.58B	$6.32B	$1.00B	$2.61
2018-02-03	$15.86B	$6.07B	$848.00M	$2.16
2017-01-28	$15.52B	$5.64B	$676.00M	$1.69

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-01-31	40.79%	5.31%	21.47%	8.49%
2025-02-01	41.28%	5.59%	25.86%	9.37%
2024-02-03	38.79%	3.37%	19.34%	6.30%
2023-01-28	34.32%	-1.29%	-9.05%	-0.84%
2022-01-29	39.81%	1.54%	9.40%	8.28%
2021-01-30	34.09%	-4.82%	-25.44%	-4.19%
2020-02-01	37.44%	2.14%	10.59%	3.61%
2019-02-02	38.13%	6.05%	28.23%	21.69%
2018-02-03	38.26%	5.35%	26.97%	20.56%
2017-01-28	36.35%	4.36%	23.28%	17.62%

Cash and debt by year

Period end	Cash	Debt
2026-01-31	$3.00B	$1.49B
2025-02-01	$2.59B	$1.49B
2024-02-03	$1.87B	$1.49B
2023-01-28	$1.22B	$1.49B
2022-01-29	$877.00M	$1.48B
2021-01-30	$2.40B	$2.22B
2020-02-01	$1.65B	$1.25B
2019-02-02	$1.37B	$1.25B
2018-02-03	$1.78B	$1.25B
2017-01-28	$1.78B	$1.25B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-01-31	$823.00M	$162.00M
2025-02-01	$1.04B	$126.00M
2024-02-03	$1.11B	$80.00M
2023-01-28	-$78.00M	$37.00M
2022-01-29	$115.00M	$139.00M
2021-01-30	-$155.00M	$77.00M
2020-02-01	$709.00M	$68.00M
2019-02-02	$676.00M	$91.00M
2018-02-03	$649.00M	$87.00M
2017-01-28	$1.20B	$76.00M

Dividend history

Most recent payment: Oct 7, 2026
Paid in the last twelve months: $0.69

Payment date	Dividend per share
2026-10-07	$0.17
2026-07-08	$0.17
2026-04-08	$0.17
2026-01-07	$0.17
2025-10-08	$0.17
2025-07-09	$0.17
2025-04-09	$0.17
2025-01-08	$0.15

Investor relations

Next earnings report

Next confirmed report: Nov 19, 2026
Consensus EPS estimate: $0.73

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-27	Jul 2026	$0.50
2026-05-28	Apr 2026	$0.39
2026-03-05	Jan 2026	$0.45
2025-11-20	Oct 2025	$0.58
2025-08-28	Jul 2025	$0.55
2025-05-29	Apr 2025	$0.44
2025-03-06	Jan 2025	$0.36
2024-11-21	Oct 2024	$0.56

Filings and sources

Company website: gapinc.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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