Carters Inc. (CRI) intrinsic value & 10-year financials
Carters Inc. (CRI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 0.0% a year to $2.9B, with an average return on invested capital of 18.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $31.45
- Market cap
- $1.1B
- Revenue (FY2026)
- $2.9B
- Revenue growth (10-yr CAGR)
- 0.0%
- ROIC (10-yr avg)
- 18.5%
- Free cash flow (FY2026)
- $68.6M
CRI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.9B | $91.8M | $2.53 | $68.6M | 5.0% | 7.9% |
| FY2024 | $2.8B | $185.5M | $5.12 | $242.6M | 9.0% | 14.2% |
| FY2023 | $2.9B | $232.5M | $6.24 | $469.3M | 11.0% | 16.2% |
| FY2022 | $3.2B | $250.0M | $6.34 | $48.0M | 11.8% | 19.9% |
| FY2021 | $3.0B | $109.7M | $2.50 | $557.0M | 6.3% | 9.3% |
| FY2019 | $3.5B | $263.8M | $5.85 | $325.8M | 10.6% | 18.6% |
| FY2018 | $3.5B | $282.1M | $6.00 | $292.4M | 11.3% | 24.0% |
| FY2017 | $3.4B | $302.8M | $6.24 | $260.1M | 12.3% | 27.5% |
| FY2016 | $3.2B | $258.1M | $5.08 | $280.7M | 13.3% | 26.5% |
| FY2015 | $2.9B | $194.7M | $3.62 | $178.9M | 11.5% | 20.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CARTERS INC is facing top-line stagnation, with revenue contracting over the decade.
CARTERS INC has earned high returns on invested capital, averaging 18.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, CARTERS INC shows that management has aggressively returned capital to shareholders by retiring 33.3% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CARTERS INC is modeled at -6.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-10.83 per share.