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Side-by-side financial comparison of GAP INC (GAP) and Western Digital (WDC). Click either name above to swap in a different company.
GAP INC is the larger business by last-quarter revenue ($3.9B vs $3.3B, roughly 1.2× Western Digital). Western Digital runs the higher net margin — 96.0% vs 6.0%, a 90.1% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (45.5% vs 3.0%). Western Digital produced more free cash flow last quarter ($978.0M vs $153.0M). Over the past eight quarters, GAP INC's revenue compounded faster (-4.2% CAGR vs -9.7%).
The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...
Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).
GAP vs WDC — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $3.3B |
| Net Profit | $236.0M | $3.2B |
| Gross Margin | 42.4% | 50.2% |
| Operating Margin | 8.5% | 35.7% |
| Net Margin | 6.0% | 96.0% |
| Revenue YoY | 3.0% | 45.5% |
| Net Profit YoY | -13.9% | 516.3% |
| EPS (diluted) | $0.62 | $8.20 |
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.
| Q3 26 | — | $3.3B | ||
| Q2 26 | — | $3.0B | ||
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.9B | $2.8B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.5B | $-1.2B | ||
| Q1 25 | $4.1B | $2.3B | ||
| Q4 24 | $3.8B | $4.3B |
| Q3 26 | — | $3.2B | ||
| Q2 26 | — | $1.8B | ||
| Q1 26 | — | $1.8B | ||
| Q4 25 | $236.0M | $1.2B | ||
| Q3 25 | $216.0M | — | ||
| Q2 25 | $193.0M | $282.0M | ||
| Q1 25 | $206.0M | $520.0M | ||
| Q4 24 | $274.0M | $594.0M |
| Q3 26 | — | 50.2% | ||
| Q2 26 | — | 45.7% | ||
| Q1 26 | — | 45.7% | ||
| Q4 25 | 42.4% | 43.5% | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 41.8% | — | ||
| Q1 25 | 38.9% | 39.8% | ||
| Q4 24 | 42.7% | 35.4% |
| Q3 26 | — | 35.7% | ||
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 30.1% | ||
| Q4 25 | 8.5% | 28.1% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 6.2% | 33.1% | ||
| Q4 24 | 9.3% | 19.9% |
| Q3 26 | — | 96.0% | ||
| Q2 26 | — | 61.1% | ||
| Q1 26 | — | 61.1% | ||
| Q4 25 | 6.0% | 41.9% | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 5.6% | -24.4% | ||
| Q1 25 | 5.0% | 22.7% | ||
| Q4 24 | 7.2% | 13.9% |
| Q3 26 | — | $8.20 | ||
| Q2 26 | — | $4.73 | ||
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.62 | $3.07 | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $0.51 | $0.72 | ||
| Q1 25 | $0.53 | $1.42 | ||
| Q4 24 | $0.72 | $1.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $2.0B |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $3.6B | $9.7B |
| Total Assets | $12.4B | $15.0B |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | — | $2.0B | ||
| Q2 26 | — | $2.0B | ||
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.2B | $2.3B |
| Q3 26 | — | $1.6B | ||
| Q2 26 | — | $4.7B | ||
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B |
| Q3 26 | — | $9.7B | ||
| Q2 26 | — | $7.1B | ||
| Q1 26 | — | $7.1B | ||
| Q4 25 | $3.6B | $5.9B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | $5.3B | ||
| Q1 25 | $3.3B | $5.2B | ||
| Q4 24 | $3.1B | $12.1B |
| Q3 26 | — | $15.0B | ||
| Q2 26 | — | $15.6B | ||
| Q1 26 | — | $15.6B | ||
| Q4 25 | $12.4B | $14.4B | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $11.6B | $14.0B | ||
| Q1 25 | $11.9B | $16.4B | ||
| Q4 24 | $11.9B | $25.5B |
| Q3 26 | — | 0.16× | ||
| Q2 26 | — | 0.65× | ||
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $299.0M | $1.1B |
| Free Cash FlowOCF − Capex | $153.0M | $978.0M |
| FCF MarginFCF / Revenue | 3.9% | 29.3% |
| Capex IntensityCapex / Revenue | 3.7% | — |
| Cash ConversionOCF / Net Profit | 1.27× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $779.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | — | $1.1B | ||
| Q2 26 | — | $745.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $299.0M | $672.0M | ||
| Q3 25 | $448.0M | — | ||
| Q2 25 | $-140.0M | $746.0M | ||
| Q1 25 | $616.0M | $508.0M | ||
| Q4 24 | $291.0M | $403.0M |
| Q3 26 | — | $978.0M | ||
| Q2 26 | — | $653.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $153.0M | $599.0M | ||
| Q3 25 | $350.0M | — | ||
| Q2 25 | $-223.0M | $675.0M | ||
| Q1 25 | $499.0M | $379.0M | ||
| Q4 24 | $143.0M | $287.0M |
| Q3 26 | — | 29.3% | ||
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 21.3% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -6.4% | -58.5% | ||
| Q1 25 | 12.0% | 16.5% | ||
| Q4 24 | 3.7% | 6.7% |
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 2.6% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.4% | -6.2% | ||
| Q1 25 | 2.8% | 5.6% | ||
| Q4 24 | 3.9% | 2.7% |
| Q3 26 | — | 0.35× | ||
| Q2 26 | — | 0.40× | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 0.57× | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | 2.65× | ||
| Q1 25 | 2.99× | 0.98× | ||
| Q4 24 | 1.06× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
WDC
Segment breakdown not available.
