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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and CARTERS INC (CRI). Click either name above to swap in a different company.

CrossAmerica Partners LP is the larger business by last-quarter revenue ($866.3M vs $757.8M, roughly 1.1× CARTERS INC). CARTERS INC runs the higher net margin — 1.5% vs 1.2%, a 0.4% gap on every dollar of revenue. On growth, CARTERS INC posted the faster year-over-year revenue change (-0.1% vs -8.3%). CrossAmerica Partners LP produced more free cash flow last quarter ($22.4M vs $-144.1M).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.

CAPL vs CRI — Head-to-Head

Bigger by revenue
CAPL
CAPL
1.1× larger
CAPL
$866.3M
$757.8M
CRI
Growing faster (revenue YoY)
CRI
CRI
+8.2% gap
CRI
-0.1%
-8.3%
CAPL
Higher net margin
CRI
CRI
0.4% more per $
CRI
1.5%
1.2%
CAPL
More free cash flow
CAPL
CAPL
$166.4M more FCF
CAPL
$22.4M
$-144.1M
CRI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CAPL
CAPL
CRI
CRI
Revenue
$866.3M
$757.8M
Net Profit
$10.2M
$11.6M
Gross Margin
12.4%
45.1%
Operating Margin
3.0%
3.8%
Net Margin
1.2%
1.5%
Revenue YoY
-8.3%
-0.1%
Net Profit YoY
-39.6%
-80.1%
EPS (diluted)
$0.24
$0.32

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
CAPL
CAPL
CRI
CRI
Q4 25
$866.3M
Q3 25
$971.8M
$757.8M
Q2 25
$961.9M
$585.3M
Q1 25
$862.5M
$629.8M
Q4 24
$944.2M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$941.5M
Net Profit
CAPL
CAPL
CRI
CRI
Q4 25
$10.2M
Q3 25
$13.6M
$11.6M
Q2 25
$25.2M
$446.0K
Q1 25
$-7.1M
$15.5M
Q4 24
$16.9M
Q3 24
$10.7M
Q2 24
$12.4M
Q1 24
$-17.5M
Gross Margin
CAPL
CAPL
CRI
CRI
Q4 25
12.4%
Q3 25
10.8%
45.1%
Q2 25
10.5%
48.1%
Q1 25
10.4%
46.2%
Q4 24
10.7%
Q3 24
10.3%
Q2 24
9.2%
Q1 24
8.6%
Operating Margin
CAPL
CAPL
CRI
CRI
Q4 25
3.0%
Q3 25
2.9%
3.8%
Q2 25
4.3%
0.7%
Q1 25
0.2%
4.1%
Q4 24
3.0%
Q3 24
2.5%
Q2 24
2.5%
Q1 24
-1.4%
Net Margin
CAPL
CAPL
CRI
CRI
Q4 25
1.2%
Q3 25
1.4%
1.5%
Q2 25
2.6%
0.1%
Q1 25
-0.8%
2.5%
Q4 24
1.8%
Q3 24
1.0%
Q2 24
1.1%
Q1 24
-1.9%
EPS (diluted)
CAPL
CAPL
CRI
CRI
Q4 25
$0.24
Q3 25
$0.34
$0.32
Q2 25
$0.64
$0.01
Q1 25
$-0.20
$0.43
Q4 24
$0.42
Q3 24
$0.27
Q2 24
$0.31
Q1 24
$-0.48

Balance Sheet & Financial Strength

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

Metric
CAPL
CAPL
CRI
CRI
Cash + ST InvestmentsLiquidity on hand
$3.1M
$184.2M
Total DebtLower is stronger
$687.2M
Stockholders' EquityBook value
$864.6M
Total Assets
$964.7M
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
CRI
CRI
Q4 25
$3.1M
Q3 25
$5.8M
$184.2M
Q2 25
$9.7M
$338.2M
Q1 25
$6.7M
$320.8M
Q4 24
$3.4M
Q3 24
$7.8M
Q2 24
$5.5M
Q1 24
$6.3M
Total Debt
CAPL
CAPL
CRI
CRI
Q4 25
$687.2M
Q3 25
$700.8M
Q2 25
$722.7M
Q1 25
$774.1M
Q4 24
$763.9M
Q3 24
$769.2M
Q2 24
$786.7M
Q1 24
$795.8M
Stockholders' Equity
CAPL
CAPL
CRI
CRI
Q4 25
Q3 25
$864.6M
Q2 25
$853.9M
Q1 25
$847.2M
Q4 24
Q3 24
Q2 24
Q1 24
Total Assets
CAPL
CAPL
CRI
CRI
Q4 25
$964.7M
Q3 25
$998.9M
$2.5B
Q2 25
$1.0B
$2.5B
Q1 25
$1.1B
$2.3B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$1.2B

Cash Flow & Capital Efficiency

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

Metric
CAPL
CAPL
CRI
CRI
Operating Cash FlowLast quarter
$29.4M
$-128.0M
Free Cash FlowOCF − Capex
$22.4M
$-144.1M
FCF MarginFCF / Revenue
2.6%
-19.0%
Capex IntensityCapex / Revenue
0.8%
2.1%
Cash ConversionOCF / Net Profit
2.89×
-11.04×
TTM Free Cash FlowTrailing 4 quarters
$55.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
CRI
CRI
Q4 25
$29.4M
Q3 25
$24.4M
$-128.0M
Q2 25
$22.6M
$40.3M
Q1 25
$15.0M
$-48.6M
Q4 24
$11.1M
Q3 24
$41.9M
Q2 24
$28.9M
Q1 24
$5.8M
Free Cash Flow
CAPL
CAPL
CRI
CRI
Q4 25
$22.4M
Q3 25
$17.7M
$-144.1M
Q2 25
$10.8M
$24.1M
Q1 25
$4.9M
$-59.0M
Q4 24
$3.9M
Q3 24
$34.2M
Q2 24
$23.6M
Q1 24
$-289.0K
FCF Margin
CAPL
CAPL
CRI
CRI
Q4 25
2.6%
Q3 25
1.8%
-19.0%
Q2 25
1.1%
4.1%
Q1 25
0.6%
-9.4%
Q4 24
0.4%
Q3 24
3.2%
Q2 24
2.1%
Q1 24
-0.0%
Capex Intensity
CAPL
CAPL
CRI
CRI
Q4 25
0.8%
Q3 25
0.7%
2.1%
Q2 25
1.2%
2.8%
Q1 25
1.2%
1.6%
Q4 24
0.8%
Q3 24
0.7%
Q2 24
0.5%
Q1 24
0.6%
Cash Conversion
CAPL
CAPL
CRI
CRI
Q4 25
2.89×
Q3 25
1.79×
-11.04×
Q2 25
0.90×
90.37×
Q1 25
-3.13×
Q4 24
0.66×
Q3 24
3.92×
Q2 24
2.33×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

CRI
CRI

Sales Channel Directly To Consumer$362.3M48%
Sales Channel Through Intermediary$283.8M37%
Other$110.4M15%
Gift Cards$1.3M0%

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