Carter's, Inc. (CRI) Income Statement
CRI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRI revenue and net income
Where CRI's revenue goes
2025Each bar shows an amount and its share of revenue. CRI kept 3.2% of revenue as net income.
CRI profit margins
CRI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.9% | −3.4% | −0.8% | −0.4% |
| Gross profit | −3.7% | −3.7% | +0.0% | +0.4% |
| Operating income | −43.5% | −27.6% | −5.4% | −9.6% |
| Net income | −50.5% | −28.4% | −3.5% | −9.1% |
| EPS (diluted) | −40.5% | −20.6% | −3.5% | −2.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRI quarterly EPS vs estimates
Carter's beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.85).
CRI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $2.84B | $2.95B | $3.21B | $3.49B | $3.02B | $3.52B | $3.46B | $3.40B | $3.20B |
| Cost of revenue | $1.58B | $1.48B | $1.55B | $1.74B | $1.82B | $1.71B | $2.01B | $1.96B | $1.92B | $1.82B |
| Gross profit | $1.31B | $1.37B | $1.40B | $1.47B | $1.66B | $1.31B | $1.51B | $1.50B | $1.48B | $1.38B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.19B | $1.10B | $1.09B | $1.11B | $884.3M | $1.11B | $1.14B | $953.1M | $930.3M | $838.0M |
| Total operating expenses | $1.17B | $1.11B | $1.07B | $1.09B | $1.17B | $1.12B | $1.14B | $1.11B | $1.06B | $952.6M |
| Operating income | $143.9M | $254.7M | $323.4M | $379.2M | $497.1M | $189.9M | $371.9M | $391.4M | $419.6M | $426.6M |
| Interest income | $13.5M | $11.0M | $3.2M | $41.5M | $1.1M | $1.5M | $1.3M | $527,000 | $345,000 | $563,000 |
| Interest expense | $34.2M | $31.3M | $34.0M | $42.8M | $60.3M | $56.1M | $37.6M | $34.6M | $30.0M | $27.0M |
| Income before taxes | $113.8M | $230.8M | $302.2M | $316.7M | $438.3M | $135.0M | $328.0M | $356.0M | $391.0M | $396.1M |
| Income taxes | $22.0M | $45.3M | $69.7M | $66.7M | $98.5M | $25.3M | $64.2M | $73.9M | $88.3M | $138.0M |
| Net income | $91.8M | $185.5M | $232.5M | $250.0M | $339.7M | $109.7M | $263.8M | $282.1M | $302.8M | $258.1M |
| EBITDA | $203.3M | $343.5M | $400.4M | $424.8M | $592.7M | $328.9M | $461.5M | $480.2M | $503.7M | $499.4M |
| EPS (diluted) | $3.47 | $5.83 | $6.22 | $6.92 | $7.89 | $4.15 | $6.50 | $6.33 | $5.78 | $5.17 |
| Gross margin | 45.4% | 48.0% | 47.4% | 45.8% | 47.7% | 43.4% | 42.9% | 43.3% | 43.6% | 43.1% |
| Operating margin | 5.0% | 9.0% | 11.0% | 11.8% | 14.3% | 6.3% | 10.6% | 11.3% | 12.3% | 13.3% |
| Net margin | 3.2% | 6.5% | 7.9% | 7.8% | 9.7% | 3.6% | 7.5% | 8.1% | 8.9% | 8.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $615.5M | $681.1M | $925.5M | $757.8M | $585.3M | $629.8M | $859.7M | $758.5M | $564.4M | $661.5M | $857.9M | $791.7M |
| Cost of revenue | $202.9M | $387.2M | $525.3M | $416.2M | $303.6M | $338.7M | $448.7M | $402.4M | $281.5M | $346.3M | $439.7M | $415.3M |
| Gross profit | $412.6M | $293.9M | $400.2M | $341.6M | $281.8M | $291.1M | $411.0M | $356.0M | $282.9M | $315.2M | $418.2M | $376.4M |
| Sales, general & admin | — | $270.0M | $319.6M | $318.0M | $281.0M | $270.3M | $297.6M | $284.7M | $247.5M | $265.4M | $287.0M | $288.7M |
| Total operating expenses | $276.1M | $270.0M | $315.5M | $312.5M | $277.7M | $265.0M | $327.8M | $279.0M | $243.5M | $265.4M | $282.1M | $283.0M |
| Operating income | $137.7M | $23.8M | $84.7M | $29.1M | $4.0M | $26.1M | $83.2M | $77.0M | $39.5M | $49.8M | $136.1M | $93.4M |
| Interest income | — | $3.3M | $3.5M | $2.6M | $4.3M | $3.1M | $2.4M | $2.4M | $3.2M | $3.1M | $2.0M | $1.1M |
| Interest expense | $11.3M | $11.8M | $11.4M | $7.2M | $7.9M | $7.8M | $8.2M | $7.4M | $7.9M | $7.9M | $7.6M | $8.6M |
| Income before taxes | $136.6M | $19.9M | $75.9M | $14.8M | $1.7M | $21.3M | $75.8M | $70.7M | $34.4M | $49.9M | $138.0M | $85.4M |
| Income taxes | $31.7M | $5.5M | $11.7M | $3.2M | $1.3M | $5.8M | $14.3M | $12.4M | $6.7M | $11.9M | $31.4M | $19.2M |
| Net income | $105.0M | $14.3M | $64.2M | $11.6M | $446,000 | $15.5M | $61.5M | $58.3M | $27.6M | $38.0M | $106.5M | $66.1M |
| EBITDA | $150.7M | $45.2M | $102.0M | $35.8M | $23.1M | $42.4M | $98.2M | $92.5M | $56.6M | $72.7M | $161.2M | $112.4M |
| EPS (diluted) | $0.17 | $0.39 | $1.90 | $0.74 | $0.17 | $0.66 | $2.39 | $1.64 | $0.76 | $1.04 | $2.76 | $1.84 |
| Gross margin | 67.0% | 43.1% | 43.2% | 45.1% | 48.1% | 46.2% | 47.8% | 46.9% | 50.1% | 47.6% | 48.7% | 47.5% |
| Operating margin | 22.4% | 3.5% | 9.2% | 3.8% | 0.7% | 4.1% | 9.7% | 10.2% | 7.0% | 7.5% | 15.9% | 11.8% |
| Net margin | 17.1% | 2.1% | 6.9% | 1.5% | 0.1% | 2.5% | 7.2% | 7.7% | 4.9% | 5.7% | 12.4% | 8.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRI's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRI financial results
In fiscal year 2025 (ended December 31, 2025), Carter's reported revenue of $2.9 billion, up 1.9% from the year before. It had net income of $91.8 million (down 50.5%), a net profit margin of 3.2%. Diluted earnings per share came to $3.47. Over five years revenue grew at an average rate of −0.8% a year.
See the CRI stock overview for the latest quote and news, or the CRI chart for price history and technical indicators.
CRI income statement FAQ
What is Carter's's annual revenue?
Carter's reported total revenue of $2.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.9% from $2.8 billion the previous year.
Is Carter's profitable?
Yes. Carter's reported net income of $91.8 million in fiscal 2025, a net profit margin of 3.2%; its operating margin was 5.0%.
What is Carter's's gross margin?
Carter's's gross margin was 45.4% in fiscal 2025: for every $100 of revenue, Carter's kept $45 after the direct cost of its products and services.
How fast is Carter's growing?
Revenue grew −0.8% a year on average over the last five fiscal years, from $3.0 billion to $2.9 billion.
What are Carter's's earnings per share?
Carter's earned $3.47 per diluted share in fiscal 2025, compared with $5.83 a year earlier.
When will Carter's report its next earnings?
Carter's is expected to report results for the quarter ending September 30, 2026 on October 26, 2026.
When does Carter's's fiscal year end?
Carter's's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.