NYSE : CRI
Carter's, Inc. — Financial statements
Consumer Discretionary · Apparel Retail · United States
Last price 31.54 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Carter's, Inc. (CRI) reported revenue of 2.97B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.97B | 2.90B | 2.84B | 2.95B | 3.21B | 3.49B |
| Cost of Revenue | 1.64B | 1.58B | 1.48B | 1.55B | 1.74B | 1.82B |
| Gross Profit | 1.33B | 1.31B | 1.37B | 1.40B | 1.47B | 1.66B |
| Selling, General & Admin | 1.17B | 1.19B | 1.10B | 1.09B | 1.10B | 1.19B |
| Amortization of Goodwill & Intangibles | 3.70M | 3.70M | 3.70M | 3.70M | 3.70M | |
| Other Operating Expenses | -17.25M | -18.10M | -19.25M | -21.41M | -25.82M | -28.68M |
| Operating Expenses | 1.16B | 1.17B | 1.08B | 1.07B | 1.08B | 1.16B |
| Operating Income | 174.40M | 143.98M | 284.28M | 327.38M | 389.73M | 500.45M |
| Interest Expense | -46.27M | -34.23M | -31.33M | -33.97M | -42.78M | -60.29M |
| Interest & Investment Income | 20.00M | 13.47M | 11.04M | 4.78M | 1.26M | 1.10M |
| Other Non Operating Income (Expenses) | 6.77M | 7.91M | -3.57M | 6.23M | -63.00K | -3.44M |
| EBT Excluding Unusual Items | 154.90M | 131.14M | 260.42M | 304.42M | 348.15M | 437.81M |
| Merger & Restructuring Charges | -3.69M | -9.81M | -1.82M | -4.41M | -1.80M | |
| Gain (Loss) on Sale of Investments | 2.34M | 2.23M | 2.21M | 2.24M | -2.48M | 2.28M |
| Asset Writedown | -30.00M | -9.00M | ||||
| Other Unusual Items | 129.69M | -9.72M | -19.94M | |||
| Pretax Income | 280.86M | 113.83M | 230.81M | 302.24M | 316.74M | 438.29M |
| Income Tax Expense | 60.74M | 22.04M | 45.30M | 69.74M | 66.70M | 98.54M |
| Net Income | 220.12M | 91.80M | 185.51M | 232.50M | 250.04M | 339.75M |
| Preferred Dividends & Other Adjustments | 5.29M | 2.31M | 3.68M | 4.29M | 3.71M | 4.11M |
| Net Income to Common | 214.83M | 89.49M | 181.83M | 228.22M | 246.32M | 335.63M |
| Shares Outstanding (Basic) | 35.54M | 35.40M | 35.52M | 36.59M | 38.82M | 42.85M |
| Shares Outstanding (Diluted) | 35.55M | 35.40M | 35.53M | 36.59M | 38.85M | 43.00M |
| EPS (Basic) | 6.04 | 2.53 | 5.12 | 6.24 | 6.34 | 7.83 |
| EPS (Diluted) | 6.04 | 2.53 | 5.12 | 6.24 | 6.34 | 7.81 |
| Free Cash Flow | 319.75M | 68.63M | 242.62M | 469.27M | 48.00M | 230.82M |
| Free Cash Flow Per Share | 8.99 | 1.94 | 6.83 | 12.82 | 1.24 | 5.37 |
| Dividend Per Share | 1.00 | 1.55 | 3.20 | 3.00 | 3.00 | 1.40 |
| Gross Margin | 44.84% | 45.36% | 48.00% | 47.39% | 45.83% | 47.68% |
| Operating Margin | 5.86% | 4.97% | 9.99% | 11.11% | 12.13% | 14.35% |
| Profit Margin | 7.22% | 3.09% | 6.39% | 7.75% | 7.67% | 9.63% |
| Free Cash Flow Margin | 10.75% | 2.37% | 8.53% | 15.93% | 1.49% | 6.62% |
| EBITDA | 228.61M | 199.24M | 342.20M | 391.52M | 455.01M | 594.56M |
| EBITDA Margin | 7.69% | 6.87% | 12.03% | 13.29% | 14.16% | 17.05% |
| D&A For EBITDA | 54.21M | 55.26M | 57.93M | 64.14M | 65.28M | 94.11M |
| EBIT | 174.40M | 143.98M | 284.28M | 327.38M | 389.73M | 500.45M |
| EBIT Margin | 5.86% | 4.97% | 9.99% | 11.11% | 12.13% | 14.35% |
| Effective Tax Rate | 21.63% | 19.36% | 19.63% | 23.08% | 21.06% | 22.48% |
| Advertising Expenses | 87.30M | 84.10M | 74.10M | 96.00M | 103.00M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 450.96M | 487.07M | 412.93M | 351.21M | 211.75M | 984.29M |
| Short-Term Investments | 75.00M | 21.73M | ||||
| Cash & Short-Term Investments | 525.96M | 508.81M | 412.93M | 351.21M | 211.75M | 984.29M |
| Accounts Receivable | 218.22M | 166.86M | 181.39M | 163.74M | 184.02M | 221.00M |
| Other Receivables | 10.64M | 11.71M | 13.44M | 20.03M | 14.57M | 10.35M |
| Receivables | 228.86M | 178.57M | 194.83M | 183.77M | 198.59M | 231.35M |
| Inventory | 587.03M | 544.62M | 502.33M | 537.12M | 744.57M | 647.74M |
| Prepaid Expenses | 51.20M | 2.13M | 32.23M | |||
| Other Current Assets | 23.30M | 38.77M | 32.58M | 29.13M | 31.68M | 4.10M |
| Total Current Assets | 1.42B | 1.27B | 1.14B | 1.10B | 1.19B | 1.90B |
| Property, Plant & Equipment | 740.02M | 778.11M | 758.09M | 711.52M | 682.16M | 703.75M |
| Long-Term Investments | 19.50M | 17.30M | 15.10M | 17.50M | ||
| Goodwill | 207.56M | 208.99M | 206.88M | 210.54M | 209.33M | 212.02M |
| Other Intangible Assets | 285.97M | 288.79M | 291.55M | 325.42M | 328.96M | 341.61M |
| Long-Term Deferred Tax Assets | 4.88M | 4.34M | 2.17M | 2.47M | 2.80M | |
| Other Long-Term Assets | 19.39M | 13.92M | 10.14M | 10.42M | 12.98M | 10.59M |
| Total Assets | 2.67B | 2.57B | 2.43B | 2.38B | 2.44B | 3.19B |
| Accounts Payable | 254.35M | 235.70M | 248.20M | 242.15M | 264.08M | 407.04M |
| Accrued Expenses | 30.81M | 62.45M | 50.38M | 64.11M | 81.65M | 134.61M |
| Current Portion of Leases | 131.49M | 136.49M | 130.56M | 135.37M | 142.43M | 133.74M |
| Current Income Taxes Payable | 13.58M | 635.00K | 13.82M | 12.70M | 17.48M | 13.85M |
| Current Unearned Revenue | 25.90M | 25.99M | 25.04M | 25.16M | 23.30M | 27.99M |
| Other Current Liabilities | 53.50M | 44.73M | 40.81M | 32.37M | ||
| Total Current Liabilities | 509.63M | 506.00M | 508.82M | 511.86M | 528.95M | 717.23M |
| Long-Term Debt | 568.13M | 567.17M | 498.13M | 497.35M | 616.62M | 991.37M |
| Long-Term Leases | 479.18M | 508.46M | 501.50M | 448.81M | 421.74M | 441.86M |
| Long-Term Unearned Revenue | 714.00K | 1.43M | 2.14M | |||
| Pension & Post-Retirement Benefits | 1.00M | 1.30M | 1.40M | 1.50M | 2.40M | |
| Long-Term Deferred Tax Liabilities | 43.34M | 39.38M | 38.21M | 41.47M | 41.23M | 40.91M |
| Other Long-Term Liabilities | 14.77M | 18.41M | 30.65M | 31.75M | 31.83M | 41.90M |
| Total Liabilities | 1.62B | 1.64B | 1.58B | 1.53B | 1.64B | 2.24B |
| Common Stock | 367.00K | 364.00K | 360.00K | 366.00K | 377.00K | 411.00K |
| Additional Paid-In Capital | 26.75M | 19.58M | 3.86M | |||
| Retained Earnings | 1.06B | 929.46M | 894.02M | 868.80M | 830.37M | 978.67M |
| Comprehensive Income & Other | -30.72M | -24.36M | -43.68M | -23.91M | -34.34M | -28.90M |
| Shareholders' Equity | 1.05B | 925.05M | 854.56M | 845.25M | 796.41M | 950.19M |
| Total Liabilities & Equity | 2.67B | 2.57B | 2.43B | 2.38B | 2.44B | 3.19B |
| Total Debt | 1.18B | 1.21B | 1.13B | 1.08B | 1.18B | 1.57B |
| Net Cash (Debt) | -652.85M | -703.31M | -697.77M | -713.02M | -953.95M | -565.17M |
| Net Cash Per Share | -18.37 | -19.86 | -19.64 | -19.49 | -24.55 | -13.14 |
| Filing Date Shares Outstanding | 36.69M | 36.39M | 36.01M | 36.48M | 37.65M | 40.91M |
| Total Common Shares Outstanding | 36.69M | 36.43M | 36.04M | 36.55M | 37.69M | 41.15M |
| Working Capital | 906.72M | 764.78M | 633.86M | 589.38M | 659.77M | 1.18B |
| Book Value Per Share | 28.73 | 25.40 | 23.71 | 23.13 | 21.13 | 23.09 |
| Tangible Book Value | 560.70M | 427.27M | 356.14M | 309.29M | 258.12M | 396.55M |
| Tangible Book Value Per Share | 15.28 | 11.73 | 9.88 | 8.46 | 6.85 | 9.64 |
| Land | 392.64M | 375.17M | 357.03M | 332.97M | 333.32M | |
| Machinery | 294.00M | 301.73M | 302.75M | 281.83M | 280.02M | |
| Construction In Progress | 11.24M | 8.16M | 9.56M | 28.84M | 18.30M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 220.12M | 91.80M | 185.51M | 232.50M | 250.04M | 339.75M |
| Depreciation & Amortization | 54.21M | 55.26M | 57.93M | 64.14M | 65.28M | 94.11M |
| Other Amortization | 2.18M | 1.71M | 1.63M | 1.59M | 1.95M | 3.05M |
| Loss (Gain) From Sale of Assets | 189.00K | 189.00K | 865.00K | 3.08M | ||
| Asset Writedown & Restructuring Costs | 30.00M | 9.37M | 213.00K | |||
| Loss (Gain) From Sale of Investments | -2.34M | -2.23M | -2.21M | -2.24M | 2.48M | -2.28M |
| Stock-Based Compensation | 12.53M | 20.25M | 17.84M | 19.46M | 21.88M | 21.03M |
| Provision & Write-off of Bad Debts | -790.00K | 2.42M | 1.09M | 471.00K | 75.00K | 1.34M |
| Other Operating Activities | 7.69M | 10.21M | -5.44M | -15.61M | 25.08M | -9.12M |
| Change in Accounts Receivable | 9.63M | 15.17M | -13.74M | 15.45M | 32.68M | -46.48M |
| Change in Inventory | 64.68M | -37.10M | 26.13M | 222.92M | -106.76M | -52.91M |
| Change in Accounts Payable | -10.61M | -27.25M | 2.16M | -16.95M | -228.60M | -101.11M |
| Change in Other Net Operating Assets | 2.96M | -8.10M | -2.96M | 4.32M | 14.90M | 20.66M |
| Operating Cash Flow | 360.45M | 122.33M | 298.79M | 529.13M | 88.36M | 268.26M |
| Capital Expenditures | -40.70M | -53.70M | -56.16M | -59.86M | -40.36M | -37.44M |
| Investment in Securities | -75.00M | 5.00M | ||||
| Investing Cash Flow | -115.70M | -53.70M | -56.16M | -59.86M | -40.36M | -32.44M |
| Long-Term Debt Issued | 575.00M | 70.00M | 240.00M | |||
| Long-Term Debt Repaid | -500.00M | -190.00M | -620.00M | |||
| Net Debt Issued (Repaid) | 75.00M | 75.00M | -120.00M | -380.00M | ||
| Issuance of Common Stock | 367.00K | 4.42M | 4.46M | 10.99M | ||
| Repurchase of Common Stock | -3.84M | -4.52M | -58.10M | -105.06M | -306.60M | -303.36M |
| Common Dividends Paid | -36.58M | -56.36M | -116.18M | -112.00M | -118.11M | -60.12M |
| Other Financing Activities | -11.71M | -12.08M | -900.00K | -19.02M | -223.00K | |
| Financing Cash Flow | 22.87M | 2.04M | -174.82M | -332.64M | -819.27M | -352.71M |
| Foreign Exchange Rate Adjustments | -851.00K | 3.48M | -6.09M | 2.84M | -1.27M | -1.14M |
| Net Cash Flow | 266.77M | 74.15M | 61.71M | 139.47M | -772.55M | -118.03M |
| Free Cash Flow | 319.75M | 68.63M | 242.62M | 469.27M | 48.00M | 230.82M |
| Free Cash Flow Margin | 10.75% | 2.37% | 8.53% | 15.93% | 1.49% | 6.62% |
| Free Cash Flow Per Share | 8.99 | 1.94 | 6.83 | 12.82 | 1.24 | 5.37 |
| Levered Free Cash Flow | 194.49M | 51.15M | 201.37M | 425.63M | 7.07M | 260.23M |
| Unlevered Free Cash Flow | 221.23M | 70.83M | 219.32M | 445.27M | 31.85M | 294.86M |
| Cash Interest Paid | 35.30M | 35.30M | 29.50M | 32.30M | 41.20M | 59.00M |
| Cash Income Tax Paid | 37.60M | 37.60M | 51.30M | 76.50M | 64.00M | 115.30M |
| Change in Working Capital | 66.66M | -57.28M | 11.59M | 225.74M | -287.78M | -179.84M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.16B | 1.21B | 1.96B | 2.76B | 2.85B | 4.28B |
| Enterprise Value | 1.81B | 2.18B | 2.88B | 3.70B | 4.03B | 4.93B |
| Last Close Price | 31.66 | 32.49 | 50.91 | 66.72 | 63.62 | 83.10 |
| PE Ratio | 5.24 | 13.52 | 10.79 | 12.08 | 11.56 | 12.75 |
| Forward PE | 9.88 | 15.84 | 11.28 | 12.14 | 12.10 | 13.56 |
| PS Ratio | 0.39 | 0.42 | 0.69 | 0.94 | 0.89 | 1.23 |
| PB Ratio | 1.10 | 1.31 | 2.29 | 3.26 | 3.58 | 4.50 |
| P/TBV Ratio | 2.07 | 2.83 | 5.51 | 8.92 | 11.03 | 10.79 |
| P/FCF Ratio | 3.63 | 17.63 | 8.09 | 5.88 | 59.32 | 18.54 |
| P/OCF Ratio | 3.22 | 9.89 | 6.57 | 5.21 | 32.22 | 15.95 |
| PEG Ratio | 86.08 | 86.08 | 3.19 | 13.49 | 0.46 | |
| EV/Sales Ratio | 0.61 | 0.75 | 1.01 | 1.26 | 1.25 | 1.41 |
| EV/EBITDA Ratio | 7.94 | 10.96 | 8.42 | 9.46 | 8.86 | 8.29 |
| EV/EBIT Ratio | 10.40 | 15.16 | 10.13 | 11.31 | 10.35 | 9.85 |
| EV/FCF Ratio | 5.67 | 31.81 | 11.87 | 7.89 | 84.02 | 21.35 |
| Debt / Equity Ratio | 1.12 | 1.31 | 1.32 | 1.28 | 1.48 | 1.65 |
| Debt / EBITDA Ratio | 2.42 | 2.71 | 1.96 | 1.75 | 1.73 | 1.90 |
| Debt / FCF Ratio | 3.69 | 17.66 | 4.66 | 2.31 | 24.60 | 6.79 |
| Net Debt / Equity Ratio | 0.62 | 0.76 | 0.82 | 0.84 | 1.20 | 0.59 |
| Net Debt / EBITDA Ratio | 2.86 | 3.53 | 2.04 | 1.82 | 2.10 | 0.95 |
| Net Debt / FCF Ratio | 2.04 | 10.25 | 2.88 | 1.52 | 19.88 | 2.45 |
| Asset Turnover | 1.16 | 1.16 | 1.18 | 1.22 | 1.14 | 1.06 |
| Inventory Turnover | 2.64 | 3.03 | 2.85 | 2.42 | 2.50 | 2.93 |
| Quick Ratio | 1.48 | 1.36 | 1.19 | 1.04 | 0.78 | 1.70 |
| Current Ratio | 2.78 | 2.51 | 2.25 | 2.15 | 2.25 | 2.65 |
| Return on Equity (ROE) | 22.94% | 10.32% | 21.83% | 28.32% | 28.63% | 35.99% |
| Return on Assets (ROA) | 4.24% | 3.60% | 7.38% | 8.49% | 8.66% | 9.51% |
| Return on Invested Capital (ROIC) | 8.37% | 7.26% | 14.52% | 15.08% | 18.66% | 25.05% |
| Return on Capital Employed (ROCE) | 8.10% | 7.00% | 14.80% | 17.50% | 20.40% | 20.30% |
| Earnings Yield | 19.09% | 7.59% | 9.46% | 8.43% | 8.78% | 7.94% |
| FCF Yield | 27.52% | 5.67% | 12.37% | 17.02% | 1.69% | 5.39% |
| Dividend Yield | 3.16% | 4.67% | 5.88% | 3.98% | 3.97% | 1.35% |
| Payout Ratio | 16.54% | 61.40% | 62.63% | 48.17% | 47.24% | 17.70% |
| Buyback Yield / Dilution | -0.55% | 0.34% | 2.92% | 5.81% | 9.65% | 0.93% |
| Total Shareholder Return | 2.61% | 5.01% | 8.80% | 9.79% | 13.63% | 2.28% |