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Side-by-side financial comparison of ABERCROMBIE & FITCH CO (ANF) and Realty Income (O). Click either name above to swap in a different company.

Realty Income is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× ABERCROMBIE & FITCH CO). Realty Income runs the higher net margin — 20.7% vs 8.8%, a 12.0% gap on every dollar of revenue. On growth, Realty Income posted the faster year-over-year revenue change (12.2% vs 6.8%). Over the past eight quarters, Realty Income's revenue compounded faster (7.5% CAGR vs -5.8%).

Abercrombie & Fitch Co. (A&F) is an American lifestyle retailer founded in 1892, which focuses on contemporary clothing targeting customers in their early 20s to mid 40s. Headquartered in New Albany, Ohio, the company operates four offshoot brands: Abercrombie Kids, Your Personal Best, Hollister Co., and Gilly Hicks with 780+ company operated stores across its brands, as of Q4 2024.

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

ANF vs O — Head-to-Head

Bigger by revenue
O
O
1.2× larger
O
$1.5B
$1.3B
ANF
Growing faster (revenue YoY)
O
O
+5.4% gap
O
12.2%
6.8%
ANF
Higher net margin
O
O
12.0% more per $
O
20.7%
8.8%
ANF
Faster 2-yr revenue CAGR
O
O
Annualised
O
7.5%
-5.8%
ANF

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ANF
ANF
O
O
Revenue
$1.3B
$1.5B
Net Profit
$113.0M
$320.9M
Gross Margin
62.5%
Operating Margin
12.0%
Net Margin
8.8%
20.7%
Revenue YoY
6.8%
12.2%
Net Profit YoY
-14.4%
27.6%
EPS (diluted)
$2.36
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANF
ANF
O
O
Q1 26
$1.5B
Q4 25
$1.3B
$1.5B
Q3 25
$1.2B
$1.5B
Q2 25
$1.1B
$1.4B
Q1 25
$1.6B
$1.4B
Q4 24
$1.2B
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$1.0B
$1.3B
Net Profit
ANF
ANF
O
O
Q1 26
$320.9M
Q4 25
$113.0M
$296.1M
Q3 25
$141.4M
$315.8M
Q2 25
$80.4M
$196.9M
Q1 25
$187.2M
$249.8M
Q4 24
$132.0M
$199.6M
Q3 24
$133.2M
$269.5M
Q2 24
$113.8M
$259.4M
Gross Margin
ANF
ANF
O
O
Q1 26
Q4 25
62.5%
Q3 25
62.6%
Q2 25
62.0%
Q1 25
Q4 24
65.1%
Q3 24
64.9%
Q2 24
66.4%
Operating Margin
ANF
ANF
O
O
Q1 26
Q4 25
12.0%
21.7%
Q3 25
17.1%
23.2%
Q2 25
9.3%
15.8%
Q1 25
16.2%
19.3%
Q4 24
14.8%
16.5%
Q3 24
15.5%
21.5%
Q2 24
12.7%
20.7%
Net Margin
ANF
ANF
O
O
Q1 26
20.7%
Q4 25
8.8%
19.9%
Q3 25
11.7%
21.5%
Q2 25
7.3%
14.0%
Q1 25
11.8%
18.1%
Q4 24
10.9%
14.9%
Q3 24
11.7%
20.2%
Q2 24
11.2%
19.4%
EPS (diluted)
ANF
ANF
O
O
Q1 26
$0.33
Q4 25
$2.36
$0.32
Q3 25
$2.91
$0.35
Q2 25
$1.59
$0.22
Q1 25
$3.55
$0.28
Q4 24
$2.50
$0.23
Q3 24
$2.50
$0.30
Q2 24
$2.14
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANF
ANF
O
O
Cash + ST InvestmentsLiquidity on hand
$631.0M
$388.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$39.1B
Total Assets
$3.5B
$74.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANF
ANF
O
O
Q1 26
$388.4M
Q4 25
$631.0M
$434.8M
Q3 25
$603.5M
$417.2M
Q2 25
$607.6M
$800.4M
Q1 25
$888.9M
$319.0M
Q4 24
$738.9M
$445.0M
Q3 24
$738.4M
$397.0M
Q2 24
$864.2M
$442.8M
Stockholders' Equity
ANF
ANF
O
O
Q1 26
$39.1B
Q4 25
$1.3B
$39.4B
Q3 25
$1.3B
$39.1B
Q2 25
$1.2B
$39.2B
Q1 25
$1.3B
$39.0B
Q4 24
$1.2B
$38.8B
Q3 24
$1.2B
$38.5B
Q2 24
$1.1B
$38.6B
Total Assets
ANF
ANF
O
O
Q1 26
$74.6B
Q4 25
$3.5B
$72.8B
Q3 25
$3.3B
$71.3B
Q2 25
$3.1B
$71.4B
Q1 25
$3.3B
$69.8B
Q4 24
$3.3B
$68.8B
Q3 24
$3.0B
$68.5B
Q2 24
$3.0B
$68.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANF
ANF
O
O
Operating Cash FlowLast quarter
$200.1M
$874.5M
Free Cash FlowOCF − Capex
$131.8M
FCF MarginFCF / Revenue
10.2%
Capex IntensityCapex / Revenue
5.3%
0.0%
Cash ConversionOCF / Net Profit
1.77×
2.72×
TTM Free Cash FlowTrailing 4 quarters
$384.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANF
ANF
O
O
Q1 26
$874.5M
Q4 25
$200.1M
$1.2B
Q3 25
$116.9M
$943.1M
Q2 25
$-4.0M
$1.1B
Q1 25
$307.6M
$787.5M
Q4 24
$142.6M
$972.0M
Q3 24
$165.1M
$841.5M
Q2 24
$95.0M
$981.2M
Free Cash Flow
ANF
ANF
O
O
Q1 26
Q4 25
$131.8M
$1.2B
Q3 25
$50.7M
$909.9M
Q2 25
$-54.8M
$1.0B
Q1 25
$256.8M
$764.6M
Q4 24
$92.2M
$935.8M
Q3 24
$122.3M
$807.9M
Q2 24
$56.1M
$939.2M
FCF Margin
ANF
ANF
O
O
Q1 26
Q4 25
10.2%
77.6%
Q3 25
4.2%
61.9%
Q2 25
-5.0%
73.3%
Q1 25
16.2%
55.4%
Q4 24
7.6%
69.8%
Q3 24
10.8%
60.7%
Q2 24
5.5%
70.1%
Capex Intensity
ANF
ANF
O
O
Q1 26
0.0%
Q4 25
5.3%
3.3%
Q3 25
5.5%
2.3%
Q2 25
4.6%
1.9%
Q1 25
3.2%
1.7%
Q4 24
4.2%
2.7%
Q3 24
3.8%
2.5%
Q2 24
3.8%
3.1%
Cash Conversion
ANF
ANF
O
O
Q1 26
2.72×
Q4 25
1.77×
4.06×
Q3 25
0.83×
2.99×
Q2 25
-0.05×
5.39×
Q1 25
1.64×
3.15×
Q4 24
1.08×
4.87×
Q3 24
1.24×
3.12×
Q2 24
0.83×
3.78×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANF
ANF

Hollister$673.3M52%
Abercrombie$617.3M48%
Gift Card$25.7M2%
Royalty$19.5M2%

O
O

Rental (including reimbursements) (1)$1.4B93%
Other$107.9M7%

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