Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
TPR · NYSE · United States · Leather & Leather Products
In shortTAPESTRY, INC. is profitable, generates cash and carries heavy debt, with revenue growing (+14.2% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 23.9% | 96/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 19.1% | 96/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 197.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 50.9% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.75× | 79/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 3.46× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.60× | 97/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 16.05× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.69 | 15/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 22.6% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.19× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 7.8% | 82/100 |
| Operating margin volatility | 6.5% | 50/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.3% | 52/100 |
|---|---|---|
| EPS growth, 3-year average | 23.3% | 100/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,685 | 6,661 | 6,671 | 7,011 | 8,004 |
| Cost of revenue | 2,034 | 1,946 | 1,782 | 1,722 | 1,775 |
| Gross profit | 4,650 | 4,715 | 4,890 | 5,289 | 6,229 |
| Selling, general & admin | 3,475 | 3,543 | 3,749 | 4,019 | 4,315 |
| Operating income | 1,176 | 1,172 | 1,140 | 415 | 1,914 |
| Interest expense | 69 | 73 | 370 | 271 | 119 |
| Pre-tax income | 1,047 | 1,143 | 1,012 | 216 | 1,861 |
| Income tax | 191 | 207 | 196 | 33 | 333 |
| Net income | 856 | 936 | 816 | 183 | 1,528 |
| Diluted EPS | $3.17 | $3.88 | $3.50 | $0.82 | $7.27 |
| Diluted shares (millions) | 270 | 241 | 233 | 223 | 210 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of TAPESTRY, INC. are included in the Investor plan. Try free for 7 days →
1.69 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 27, 2026 · Data updated Aug 13, 2026