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HBI

Hanesbrands Inc.

HBI

Hanesbrands Inc. • NYSE
$6.47 ▼ -1.82% (-0.12)
Market Cap $2.29 B
52w High $8.98
52w Low $3.96
Dividend Yield 0%
P/E 5.53
Volume 104.19M
Outstanding Shares 353.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $891.683M ▼ $255.922M ▼ $270.736M ▲ 30.362% ▲ $0.76 ▲ $110.153M ▼
Q2-2025 $991.325M ▲ $257.267M ▲ $81.611M ▲ 8.233% ▲ $0.23 ▲ $155.778M ▲
Q1-2025 $760.148M ▼ $236.792M ▼ $-9.456M ▲ -1.244% ▲ $-0.013 ▲ $73.63M ▼
Q4-2024 $796.729M ▼ $245.725M ▼ $-12.88M ▼ -1.617% ▼ $-0.037 ▼ $104.276M ▼
Q3-2024 $937.103M $287.442M $29.951M 3.196% $0.085 $115.942M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $217.573M ▼ $4.278B ▲ $3.831B ▼ $446.437M ▲
Q2-2025 $220.343M ▲ $4.019B ▲ $3.853B ▲ $166.361M ▲
Q1-2025 $175.94M ▼ $3.821B ▼ $3.778B ▼ $43.446M ▲
Q4-2024 $214.854M ▼ $3.841B ▼ $3.807B ▼ $34.01M ▼
Q3-2024 $317.301M $5.462B $5.312B $149.344M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $270.736M ▲ $27.597M ▼ $-3.891M ▲ $-26.789M ▼ $-2.77M ▼ $22.266M ▼
Q2-2025 $81.611M ▲ $36.314M ▲ $-11.401M ▼ $16.134M ▼ $44.403M ▲ $27.248M ▲
Q1-2025 $-9.456M ▲ $-108.183M ▼ $17.576M ▼ $51.055M ▲ $-38.914M ▲ $-119.428M ▼
Q4-2024 $-12.88M ▼ $67.431M ▼ $844.876M ▲ $-1.007B ▼ $-111.557M ▼ $61.721M ▼
Q3-2024 $29.951M $92.215M $-7.405M $-165K $94.21M $88.127M

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Other Operating Segment
Other Operating Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Activewear
Activewear
 $290.00M ▲$220.00M ▼$0 ▼$0 ▲
Innerwear
Innerwear
 $530.00M ▲$510.00M ▼$0 ▼$0 ▲
Other Segments
Other Segments
 $40.00M ▲$30.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Hanesbrands’ sales have drifted down over the last few years and sit well below earlier levels, suggesting a smaller business footprint than in the past. Despite that, the basic product economics still look reasonable: the company continues to earn a decent spread between what it sells products for and what they cost to make. The challenge is everything that comes after that. Overheads, interest, and other charges are eating up most of the profit, leaving only thin operating earnings and recurring net losses. Profitability has been fragile, with only a brief return to the black a few years ago. Overall, the income statement shows a business that can still make money on its products, but not yet consistently at the bottom line.

Balance Sheet

Balance Sheet The balance sheet has been shrinking as the company has slimmed down its asset base and paid back some obligations, but debt remains heavy relative to the size of the business. Cash on hand is modest, and financial flexibility looks limited. Shareholder equity has been worn down to a very thin layer, which leaves little cushion against future losses or shocks. In plain terms, the company is still quite leveraged and operating with a narrow margin for error. Any improvement in performance would help, but the current capital structure carries meaningful financial risk.

Cash Flow

Cash Flow Available cash flow information shows that, at least recently, the business has struggled to consistently generate cash from its operations after working capital swings. In the one detailed year we see, operating cash flow and free cash flow were both negative, suggesting pressure from either weaker earnings, inventory, or receivables. Because more recent cash flow data is missing, it is hard to judge whether the situation has improved or not. The key question going forward is whether core operations are now producing steady cash or still relying on balance sheet measures and cost cuts to get by.

Competitive Edge

Competitive Edge Hanesbrands operates in a tough, highly competitive apparel market, but it does have some real advantages. Its portfolio of long-established brands in basics and innerwear gives it strong recognition and steady, repeat demand. The company’s deep relationships with major mass retailers and broad shelf presence also provide important scale and visibility. A major differentiator is its largely self-owned, vertically integrated supply chain. This can lower unit costs and give better control over quality and compliance compared with brands that outsource everything. However, this structure also brings high fixed costs, which can hurt when volumes fall. The flip side is significant competition from private-label store brands, online-first players, and more fashion-oriented rivals. Price sensitivity in its categories is high, and retailer concentration adds risk. Overall, Hanesbrands has solid structural strengths, but they are being tested by weaker demand and shifting consumer preferences.

Innovation and R&D

Innovation and R&D Innovation at Hanesbrands is less about cutting-edge technology in the lab and more about better basics, smarter operations, and sharper marketing. On the product side, the company is refreshing its core offerings with lines like Hanes Originals, Hanes Moves, and new Maidenform collections that focus on comfort, softer fabrics, and more modern styling aimed at younger consumers. It is pushing into adjacent areas such as athleisure and exploring new categories like period-integrated underwear, scrubs, and expanded loungewear. Operationally, Hanesbrands is investing in data and analytics, including AI-driven forecasting and inventory tools, to better match production to demand and support both retailers and its own e‑commerce channels. Sustainability goals around materials and packaging also feature in its development plans. The opportunity is to turn a “commodity basics” perception into a more relevant, lifestyle-driven brand family. The risk is execution: the apparel market is crowded, trends shift fast, and connecting with younger consumers requires consistent, creative follow-through.

Summary

Overall, Hanesbrands looks like a well-known basics apparel company caught between solid underlying brand and supply chain strengths and real financial and market pressures. The core business still appears capable of earning a reasonable margin on products, but shrinking sales, high overheads, and substantial debt have led to recurring net losses and a very thin equity base. The balance sheet is stretched, leaving little room for prolonged underperformance. On the positive side, the company has meaningful competitive assets: trusted brands, deep retailer ties, and a cost-efficient, vertically integrated manufacturing base. Its current strategy leans on product refreshes, digital and data investments, and expansion into adjacent categories and channels to reignite growth and improve profitability. The story going forward hinges on execution. Key watch points include: whether revenue stabilizes and grows again, whether cash generation improves, and whether new product and marketing initiatives succeed in making the brands more relevant to younger and online-first consumers—all while managing down financial risk from leverage.

NEWS

November 24, 2025 · 6:01 PM UTC

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November 6, 2025 · 7:00 AM UTC

HanesBrands Inc. Announces Third-Quarter 2025 Results

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October 30, 2025 · 8:30 AM UTC

HanesBrands Announces Reporting Date for Third Quarter Fiscal 2025 Financial Results

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October 14, 2025 · 1:28 PM UTC

HanesBrands Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HanesBrands Inc. - HBI

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October 13, 2025 · 11:00 AM UTC

Shareholder Alert: The Ademi Firm continues to investigate whether HanesBrands Inc. is obtaining a Fair Price for its Public Shareholders

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