TPRNYSELeather & Leather ProductsFiscal year ends June 27
TAPESTRY, INC.
Financials through Q4 FY2026, quarter ended Jun 27, 2026Last filing: 10-K on Aug 13, 2026
$117.71−2.47 (-2.06%)
Close on Oct 19, 2026
- Market cap
- $24.35B
- P/E (TTM)
- 16.2
- Dividend yield
- 1.36%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
77.8%+6.8 pts over 5 years
Operating margin
23.9%+7.1 pts over 5 years
Net margin
19.1%+4.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.2% | +6.3% | +6.9% | +5.9% | |
| Gross profit | +17.8% | +9.7% | +8.8% | +7.4% | |
| Operating income | +361.3% | +17.8% | +14.6% | +11.3% | |
| Net income | +733.9% | +17.7% | +12.9% | +12.7% | |
| EPS, diluted | +786.6% | +23.3% | +19.8% | +16.0% | |
| Free cash flow | +65.7% | +31.8% | +8.5% | +17.5% | |
| Dividend per share | +14.3% | +10.1% | – | +1.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 20.8% | 30.1% | 197.1% | |
| Return on assets | 11.0% | 10.2% | 23.0% | |
| Current ratio | 5.24 | 2.37 | 1.75 | |
| Debt to equity | 0.53 | 0.49 | 3.46 | |
| Net debt to EBITDA | -1.07× | -0.34× | 0.69× | |
| Interest coverage | 29.4× | 13.2× | 16.0× | |
| Inventory turnover | 3.0× | 2.3× | 2.1× | |
| Capex to revenue | 6.3% | 2.0% | 2.1% | |
| Diluted shares | 283M | 283M | 210M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Tapestry generated $6.28B from operations and spent $7.75B on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
$6.28B
Used
$7.75B
Capital expenditure$675.70M9%Dividends$1.49B19%Share buybacks$5.58B72%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin19.1%
×Asset turnover1.21×
×Equity multiplier8.56×
=Return on equity, FY2026197.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 19.1% | 1.21× | 8.56× | 197.1% |
| FY2025 | 2.6% | 0.70× | 5.32× | 9.8% |
| FY2024 | 12.2% | 0.65× | 3.96× | 31.5% |
| FY2023 | 14.1% | 0.93× | 3.15× | 41.0% |
| FY2022 | 12.8% | 0.85× | 2.82× | 30.9% |
| FY2021 | 14.5% | 0.70× | 2.95× | 30.1% |
| FY2020 | -13.1% | 0.67× | 2.56× | -22.5% |
| FY2019 | 10.7% | 0.89× | 2.01× | 19.0% |
| FY2018 | 6.8% | 0.94× | 2.00× | 12.7% |
| FY2017 | 13.2% | 0.84× | 1.89× | 20.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
8of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.53B
- Cash generatingOperating cash flow above zero$1.98B
- Return on assets improvedROA up on the prior year1.4% → 23.2%
- Earnings backed by cashOperating cash flow above net income$1.98B vs $1.53B
- Less leverageLong-term debt to assets fell36.4% → 35.8%
- Better liquidityCurrent ratio rose1.87 → 1.75
- No dilutionShare count did not rise223M → 210M
- Gross margin improvedGross margin up on the prior year75.44% → 77.82%
- More efficientAsset turnover rose0.52 → 1.22