KSSNYSERetail-Department StoresFiscal year ends January 29
KOHLS Corp
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 3, 2026
$21.44−0.15 (-0.69%)
Close on Oct 19, 2026
- Market cap
- $2.53B
- P/E (TTM)
- 9.2
- Dividend yield
- 2.33%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
40.6%+5.5 pts over 5 years
Operating margin
4.0%+5.7 pts over 5 years
Net margin
1.8%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.3% | -5.0% | -0.5% | -2.1% | |
| Gross profit | -4.0% | -1.7% | +2.4% | -1.0% | |
| Operating income | +44.1% | +36.4% | – | -8.7% | |
| Net income | +149.5% | – | – | -8.7% | |
| EPS, diluted | +142.9% | – | – | -3.7% | |
| Free cash flow | +453.8% | – | +0.1% | +2.4% | |
| Dividend per share | -75.0% | -37.0% | -6.6% | -12.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.4% | -3.1% | 6.9% | |
| Return on assets | 4.1% | -1.1% | 2.0% | |
| Current ratio | 1.76 | 1.93 | 1.46 | |
| Debt to equity | 0.57 | 0.47 | 0.35 | |
| Net debt to EBITDA | 0.87× | 0.29× | 0.58× | |
| Inventory turnover | 3.3× | 3.4× | 3.2× | |
| Capex to revenue | 3.9% | 2.1% | 2.4% | |
| Diluted shares | 179M | 154M | 114M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kohls generated $5.75B from operations and spent $5.74B on capital expenditure, dividends and share buybacks. 50% of that went back into the business.
Generated
$5.75B
Used
$5.74B
Capital expenditure$2.85B50%Dividends$884.00M15%Share buybacks$2.01B35%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.8%
×Asset turnover1.15×
×Equity multiplier3.43×
=Return on equity, FY20256.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.8% | 1.15× | 3.43× | 6.9% |
| FY2024 | 0.7% | 1.18× | 3.58× | 2.8% |
| FY2023 | 1.8% | 1.23× | 3.70× | 8.3% |
| FY2022 | -0.1% | 1.23× | 3.49× | -0.5% |
| FY2021 | 4.8% | 1.28× | 3.08× | 19.0% |
| FY2020 | -1.0% | 1.07× | 2.81× | -3.1% |
| FY2019 | 3.5% | 1.48× | 2.46× | 12.6% |
| FY2018 | 4.0% | 1.56× | 2.36× | 14.6% |
| FY2017 | 4.3% | 1.49× | 2.55× | 16.2% |
| FY2016 | 2.8% | 1.45× | 2.55× | 10.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$272.00M
- Cash generatingOperating cash flow above zero$1.38B
- Return on assets improvedROA up on the prior year0.8% → 2.0%
- Earnings backed by cashOperating cash flow above net income$1.38B vs $272.00M
- Less leverageLong-term debt to assets fell8.7% → 10.7%
- Better liquidityCurrent ratio rose1.08 → 1.46
- No dilutionShare count did not rise112M → 114M
- Gross margin improvedGross margin up on the prior year40.44% → 40.57%
- More efficientAsset turnover rose1.16 → 1.15