GAP INC · Family Clothing Stores

GAP

Low riskNext report: Around Nov 19 (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are trimming.

Going well

Profitable
Brings in more cash than it spends
High return on equity: 23%

Money moves

Insiders sold $24.2M in the last 30 days
Institutions cut 3.8% from their holdings in the quarter ending June 2026 (230 bought, 270 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$22.25-0.3% that day

Company value: $7.8B; Share price times all shares
Price vs profit (P/E): 6.7x; You pay about $7 for each $1 of yearly profit
Price vs sales: 0.51x; Company value is 0.51 times a year of sales
Dividend yield: 3.0%; Yearly dividend as a share of today's price
Cash vs value: 27%; Cash as a share of company value
Debt vs value: 19%; Debt as a share of company value

From GAP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$3.7B-2.0% vs a year earlier

Oct '23Tap a barAug '26

Last 12 months: $15.3B, up 1.1% from the 12 months before. Over 5 years, sales grew about 2.2% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of GAP. Starting points are the company's recent numbers.

Sales growth+1% a yearRecently: +1.1% a yearProfit margin8%Last 12 months: 8.1%P/E at the end8xToday: 6.7x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$16.1B

Profit in 5 years$1.3B

Price these guesses point to$26.58+19% vs $22.25 todayAbout +3.6% a year, before dividends

What today's price needs: with a 8% margin and a 8x P/E, sales could shrink about 2.5% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.1%
PassDebt under half of equityNot relying on borrowed money.0.39x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.3%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$823.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.6% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.8%

Revenue: $15.4B; +1.9% vs prior year
5-year growth: +2.2%/yr; revenue, per year
Total debt: $1.5B; 0.39x equity
Current ratio: 1.75x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Aug 1, 2026

Reported Aug 27

Revenue: $3.7B; -2.0% YoY
EPS: $1.38; vs $0.57
Op. margin: 18.5%; +10.7 pts
Gross margin: 52.8%; +11.6 pts
Free cash flow: $183.0M
Share count: -4.5%; vs a year ago

Insider rating

Last 90 days

20Heavy selling

1 insider sold $23.6M (not pre-planned)
Pre-planned sales of $649K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.7
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Distributing-3.8%

Institutions cut 3.8% from their holdings. 230 bought, 270 sold.

Shares held by institutions220.4M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-1.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $1.5B debt

Shares outstandingLatest reported

351M

Earnings reports

Last 12

Next reportAround Nov 19 (est.)Estimated from the same quarter last year

Results filedAug 27
Results filedMay 28
Results filedMar 5
Results filedNov 20, 2025
Results filedAug 28, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Oct 8 · View filing ↗Activist New 5%+ holder (passive)Oct 8 · View filing ↗Big holder 5%+ holder update (active)Sep 4 · View filing ↗Activist 5%+ holder update (active)Sep 4 · View filing ↗Activist 5%+ holder update (active)Aug 31 · View filing ↗Activist

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$24.2M2 insiders, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Julie GruberChief Legal&Compliance Officer	Sell	28K	$23.56	$649K	31K	Oct 6Filing ↗
-47.1% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
William Sydney FisherDirector	Sell	934K	$23.64	$22.1M	16M	Oct 6Filing ↗
-5.5% of their holdings $23.35 to $23.89 across 2 trades Traded Oct 5 to Oct 6 Not a pre-planned sale Also 10% owner Filed 1 day after
William Sydney FisherDirector	Sell	66K	$23.06	$1.5M	16M	Sep 30Filing ↗
-0.4% of their holdings Not a pre-planned sale Also 10% owner Filed 1 day after