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Primary reporting period: 2026-01-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
The Gap, Inc. operates as a prominent apparel retail enterprise, offering a diverse array of clothing, accessories, and personal care products for men, women, and children. These goods are marketed under its well-known brands: Old Navy, Gap, Banana Republic, and Athleta. Its extensive product line features staples such as denim, t-shirts, fleece wear, and khakis, alongside accessories like eyewear, jewelry, footwear, handbags, and fragrances.
How they make money
The Gap, Inc. operates as an omni-channel retailer, generating revenue through the sale of apparel, accessories, and personal care products. It sells these goods directly to consumers through company-operated stores, e-commerce websites, and franchise arrangements, while maintaining control over product design, marketing, and merchandising.
Products & services
Apparel, accessories, and personal care products for men, women, and children sold under the Old Navy, Gap, Banana Republic, and Athleta brands.
Brands & revenue mix
Old Navy
Value-oriented apparel brand.
Separate brand revenue is not available in this research.Source
Gap
Namesake apparel and accessories brand.
Separate brand revenue is not available in this research.Source
Banana Republic
Premium apparel and lifestyle brand.
Separate brand revenue is not available in this research.Source
Athleta
Performance apparel brand for women and girls.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Overall investment score · Quality, value, risk and opportunity
52
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
57
Fair
Financial Strength
71
Business Quality / Moat
24
Management
95
Growth Quality
30
Risk / Durability
68
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
55
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
52/100
Building Historical Record
Model Score 52/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for GAP
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving GAP's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is GAP's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is GAP's debt load manageable relative to cash generation, interest costs and upcoming maturities?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GAP
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on GAP.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Iconic brand portfolio.
+Omni-channel retail capabilities.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Apparel - Retail industry.
−Dependence on third-party manufacturers.
−Fluctuations in consumer demand and fashion trends.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair52/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
78
Debt Cost0.4%
Debt Reduction YoY-2.5%
Debt / Equity1.48x
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Revenue
Poor
38
Revenue YoY-0.3%
Revenue CAGR1.6%
Net Margin8.1%
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Asset
Fair
53
Asset Growth YoY6.3%
Liquidation/Share$10.29
Net Assets/MCap0.87x
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Capital
Strong
74
Earnings Yield15.2%
Buyback Yield1.1%
Debt Cost0.4%
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Management
Elite
95
ROIC10.6%
ROE31.6%
ROA9.7%
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Moat
Poor
24
EPS Growth-1.8%
FCF/Share Growth-5.9%
Rev/Share Growth0.2%
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Valuation
Fair
67
Intrinsic Value$29.07
Value Reference$17.44
MOS23.2%
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Buffett
Fair
60
Revenue38
Moat24
Valuation67
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MOS
Fair
54
MOS %23.2%
Value Reference$17.44
Deep Discount Reference$11.63
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Financial
Poor
33
Interest Coverage48.5x
ROIC10.6%
FCF Yield10.0%
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Master
Weak
49
Financial33
Valuation67
Debt78
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Resilience
Weak
49
Survival Years0.7 yrs
Current Ratio1.75x
FCF Margin5.4%
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Score Changes
5 historical score records available
Previous Score
54
Sep 24, 2026
Change
-2.2
points
Current Score
52
Oct 1, 2026
Category Changes
Revenue-1.2
Debt0
Assets-1.9
Capital0
Management0
Moat0
Valuation-8.9
Buffett-1.4
GAP decreased 2.2 points because Valuation declined by 8.9 points.
Negative Contributors
− Valuation declined by 8.9 points
Projected Score
Projected Score
53
Projected Change
+1.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.4 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$15.33B
$15.37B
$15.09B
$14.89B
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····
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Cost of Revenue
$8.70B
$9.10B
$8.86B
$9.11B
····
····
····
····
····
····
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Gross Profit
$6.63B
$6.27B
$6.23B
$5.78B
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····
····
····
····
····
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Research & Development
$0.00
$0.00
$0.00
$0.00
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····
····
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SG&A Expenses
$0.00
$0.00
$5.07B
$0.00
····
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····
····
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Operating Expenses
$4.95B
$5.15B
$5.12B
$5.21B
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····
····
····
····
····
····
EBITDA
$1.78B
$1.65B
$1.72B
$1.17B
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····
····
····
····
····
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Operating Income
$1.68B
$1.11B
$1.11B
$560.0M
····
····
····
····
····
····
····
Interest Expense
$93.0M
$23.0M
$87.0M
$90.0M
····
····
····
····
····
····
····
Income Before Tax
$1.70B
$1.13B
$1.14B
$556.0M
····
····
····
····
····
····
····
Income Tax Expense
$456.0M
$316.0M
$293.0M
$54.0M
····
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····
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Net Income
$1.25B
$816.0M
$844.0M
$502.0M
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····
····
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Basic EPS
$3.42
$2.18
$2.24
$1.36
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Basic Shares
361M
373M
376M
370M
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····
····
····
····
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Diluted Shares
371M
384M
384M
376M
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····
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
What Weakened
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included EPS growth, net income margin. Pressure indicators included revenue growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 2.0%. EPS increased 142.1%. Cash declined 4.1%. Total debt increased 2.3%. Net income margin improved by 7.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.