KOHLS Corp KSS
Kohl's Corporation (the "Company," "Kohl's," "we," "our," or "us") was organized in 1988 and is a Wisconsin corporation. As of January 31, 2026, we operated 1,153 Kohl's stores and a website (www.Kohls.com). Our Kohl's stores and website sell moderately-priced proprietary and national brand apparel, footwear, accessories, beauty, and home products. Our Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences and store size. Our website includes merchandise which is available in our stores, as well as merchandise that is available only online.
Our merchandise mix includes both national brands and proprietary brands that are available only at Kohl's. Our proprietary portfolio includes well-known established brands such as Apt. 9, Croft & Barrow, FLX, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, and exclusive brands that are developed and marketed through agreements with nationally-recognized brands such as LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. Compared to national brands, proprietary brands generally have lower selling prices, but higher gross margins.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.53B | $16.22B | $17.48B | $18.10B | $19.43B | $15.96B | $19.97B | $20.23B | $20.08B | $19.68B |
| Cost of revenue | $9.23B | $9.66B | $10.50B | $11.46B | $11.44B | $10.36B | $12.14B | $12.20B | $12.18B | $11.94B |
| Gross profit | $6.30B | $6.56B | $6.98B | $6.64B | $8.00B | $5.59B | $7.83B | $8.03B | $6.92B | $6.74B |
| SG&A | $5.09B | $5.31B | $5.51B | $5.59B | $5.48B | $5.02B | $5.71B | $5.60B | $5.50B | $5.43B |
| Total operating expenses | — | — | — | — | — | — | — | $301.0M | $293.0M | — |
| Operating income | $624.0M | $433.0M | $717.0M | $246.0M | $1.68B | -$262.0M | $1.10B | $1.36B | $1.42B | $1.18B |
| Interest expense | $288.0M | $319.0M | $344.0M | $304.0M | $260.0M | $284.0M | $207.0M | $256.0M | $299.0M | $308.0M |
| Pre-tax income | $336.0M | $114.0M | $373.0M | -$58.0M | $1.22B | -$546.0M | $901.0M | $1.04B | $1.12B | $875.0M |
| Income tax | $64.0M | $5.0M | $56.0M | $39.0M | $281.0M | $383.0M | $210.0M | $241.0M | $258.0M | $319.0M |
| Net income | $272.0M | $109.0M | $317.0M | -$19.0M | $938.0M | -$163.0M | $691.0M | $801.0M | $859.0M | $556.0M |
| EPS, basic | 2.43 | 0.98 | 2.88 | -0.15 | 6.41 | -1.06 | 4.39 | 4.88 | 5.14 | 3.12 |
| EPS, diluted | 2.38 | 0.98 | 2.85 | -0.15 | 6.32 | -1.06 | 4.37 | 4.84 | 5.12 | 3.11 |
| Shares, diluted (wtd. avg.) | $114.0M | $112.0M | $111.0M | $120.0M | $148.0M | $154.0M | $158 | $165.0M | $168.0M | $179.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $674.0M | $134.0M | $183.0M | $153.0M | $1.59B | $2.27B | $723.0M | $934.0M | $1.31B | $1.07B |
| Inventory | $2.75B | $2.94B | $2.88B | $3.19B | $3.07B | $2.59B | $3.54B | $3.48B | $3.54B | $3.79B |
| Total current assets | $3.69B | $3.39B | $3.41B | $3.74B | $5.02B | $5.83B | $4.65B | $4.83B | $5.38B | $5.25B |
| Property, plant and equipment | $6.91B | $7.30B | $7.72B | $7.93B | $7.30B | $6.69B | $7.35B | $7.43B | $7.77B | $8.10B |
| Total assets | $13.36B | $13.56B | $14.01B | $14.35B | $15.05B | $15.34B | $14.55B | $12.47B | $13.39B | $13.57B |
| Accounts payable | $1.17B | $1.04B | $1.13B | $1.33B | $1.68B | $1.48B | $1.21B | $1.19B | $1.27B | $1.51B |
| Short-term debt | $0 | $353.0M | — | $275.0M | — | — | — | — | — | — |
| Total current liabilities | $2.53B | $3.13B | $2.61B | $3.12B | $3.29B | $3.02B | $2.77B | $2.73B | $2.71B | $2.97B |
| Long-term debt | $1.44B | $1.17B | $1.64B | $1.64B | $1.91B | $2.45B | $1.86B | $1.86B | $2.80B | $2.79B |
| Retained earnings | $1.22B | $1.01B | $2.93B | $13.99B | $14.26B | $13.47B | $13.74B | $13.39B | $13.00B | $12.52B |
| Total equity | $4.05B | $3.80B | $3.89B | $3.76B | $4.66B | $5.20B | $5.45B | $5.53B | $5.42B | $5.17B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.38B | $648.0M | $1.17B | $282.0M | $2.27B | $1.34B | $1.66B | $2.11B | $1.69B | $2.15B |
| Stock-based compensation | $34.0M | $30.0M | $42.0M | $30.0M | $48.0M | $40.0M | $56.0M | $87.0M | $55.0M | $41.0M |
| Capital expenditure | $372.0M | $466.0M | $577.0M | $826.0M | $605.0M | $334.0M | $855.0M | $578.0M | $672.0M | $768.0M |
| Investing cash flow | -$333.0M | -$467.0M | -$562.0M | -$783.0M | -$570.0M | -$137.0M | -$837.0M | -$572.0M | -$649.0M | -$756.0M |
| Financing cash flow | -$507.0M | -$230.0M | -$576.0M | -$933.0M | -$2.38B | $347.0M | -$1.03B | -$1.91B | -$808.0M | -$1.03B |
| Dividends paid | $56.0M | $222.0M | $220.0M | $239.0M | $147.0M | $108.0M | $423.0M | $400.0M | $368.0M | $358.0M |
| Buybacks | — | $0 | — | $658.0M | $1.35B | $8.0M | $470.0M | $396.0M | $306.0M | $557.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041769.
Others in SIC 5311
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| BURL | Burlington Stores, Inc. | $16.67B | 27.9x | 8.8% |
| DDS | DILLARD'S, INC. | $10.26B | 18.0x | -0.1% |
| M | Macy's, Inc. | $6.06B | 9.9x | -2.4% |