RALPH LAUREN CORP RL

Consumer discretionary SIC 2320 - Men's & Boys' Furnishgs, Work Clothg, & Allied Garments NAICS Manufacturing › Apparel Manufacturing derived NYSE

Founded in 1967 by Mr. Ralph Lauren, we are a global leader in the design, marketing, and distribution of luxury lifestyle products, including apparel, handbags, footwear & accessories, fragrances, home, and hospitality. For nearly 60 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Our long-standing reputation and distinctive image have been developed across a wide range of products, brands, distribution channels, and international markets. We believe that our global reach, breadth of lifestyle product offerings, and multi-channel distribution network are unique among luxury and apparel companies.

We diversify our business by geography (North America, Europe, and Asia, among other regions) and channel of distribution (retail, wholesale, and licensing). This allows us to maintain a dynamic balance as our operating results do not depend solely on the performance of any single geographic area or channel of distribution. We sell directly to consumers through our integrated retail channel, which includes our retail stores, concession-based shop-within-shops, and digital commerce operations around the world. Our wholesale sales are made principally to major department stores, specialty stores, and third-party digital partners around the world, as well as to certain third-party-owned stores to which we have licensed the right to operate in defined geographic territories using our trademarks. In addition, we license to third parties for specified periods and geographies the right to access our various trademarks in connection with the licensees' manufacture and sale of designated products, such as certain apparel categories, eyewear, fragrances, and home furnishings.

Last close 377.40 2026-10-23
Market cap $22.68B estimated share count
52-week range 306.55 - 421.60

Valuation FY2025 figures against the last close

P/S2.8x
P/E25.0x
P/FCF19.7x
EV/EBITDA15.5x
Dividend yield1.0%
Diluted EPS15.11

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.11B$7.08B$6.63B$6.44B$6.22B$4.40B$6.16B$6.31B$6.18B$6.65B
Cost of revenue $2.45B$2.23B$2.20B$2.28B$2.07B$1.54B$2.51B$2.43B$2.43B$3.00B
Gross profit $5.67B$4.85B$4.43B$4.17B$4.15B$2.86B$3.65B$3.89B$3.75B$3.65B
SG&A $4.37B$3.86B$3.60B$3.41B$3.31B$2.64B$3.24B$3.17B$3.10B$3.17B
Total operating expenses $4.49B$3.92B$3.68B$3.46B$3.35B$2.90B$3.34B$3.32B$3.25B$3.74B
Operating income $1.18B$932.1M$756.4M$704.2M$798.4M-$43.6M$317.0M$561.8M$498.2M-$92.3M
Interest expense $54.2M$44.1M$42.2M$40.4M$54.0M$48.5M$17.6M$20.7M$18.2M$12.4M
Pre-tax income $1.18B$950.7M$777.4M$691.9M$754.6M-$74.8M$326.4M$582.5M$489.2M-$104.9M
Income tax $236.6M$207.8M$131.1M$169.2M$154.5M$46.3M$57.9M$151.6M$326.4M$5.6M
Net income $941.1M$742.9M$646.3M$522.7M$600.1M-$121.1M$384.3M$430.9M$162.8M-$99.3M
EPS, basic 15.4211.869.917.728.22-1.655.075.351.99-1.20
EPS, diluted 15.1111.619.717.588.07-1.654.985.271.97-1.20
Shares, diluted (wtd. avg.) 62.3M64.0M66.5M69.0M74.3M73.5M77.2M81.7M82.5M82.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.99B$1.92B$1.67B$1.54B$1.87B$2.59B$1.63B$626.5M$1.36B$711.8M
Short-term investments $77.0M$160.5M$121.0M$36.4M$734.6M$197.5M$495.9M$1.40B$699.4M$684.7M
Receivables $491.7M$459.5M$446.5M$447.7M$405.4M$451.5M$277.1M$398.1M$421.4M$450.2M
Inventory $1.01B$949.6M$902.2M$1.07B$977.3M$759.0M$736.2M$817.8M$761.3M$791.5M
Total current assets $3.89B$3.79B$3.36B$3.32B$4.22B$4.21B$3.38B$3.59B$3.55B$2.95B
Property, plant and equipment $1.07B$846.4M$850.4M$955.5M$969.5M$1.01B$979.5M$1.04B$1.19B$1.32B
Goodwill $904.2M$888.5M$888.1M$898.9M$908.7M$934.6M$915.5M$919.6M$950.5M$904.6M
Other intangibles $93.3M$62.8M$75.7M$88.9M$102.9M$121.1M$141.0M$163.7M$188.0M$219.8M
Total assets $7.74B$7.05B$6.60B$6.79B$7.72B$7.89B$7.28B$5.94B$6.14B$5.65B
Accounts payable $431.0M$436.0M$332.2M$371.6M$448.7M$355.9M$246.8M$202.3M$165.6M$147.7M
Short-term debt $0$399.7M$0$0$499.8M$0$299.6M$0$298.1M$0
Total current liabilities $1.83B$2.13B$1.47B$1.49B$2.26B$1.58B$2.09B$1.20B$1.59B$1.16B
Long-term debt $1.24B$742.9M$1.14B$1.14B$1.14B$1.63B$396.4M$689.1M$288.0M$588.2M
Total liabilities $4.90B$4.46B$4.15B$4.36B$5.19B$5.28B$4.59B$2.66B$2.69B$2.35B
Retained earnings $8.31B$7.59B$7.05B$6.60B$6.27B$5.87B$5.99B$5.98B$5.75B$5.75B
Total equity $2.84B$2.59B$2.45B$2.43B$2.54B$2.60B$2.69B$3.29B$3.46B$3.30B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.15B$1.24B$1.07B$411.0M$715.9M$380.9M$754.6M$783.8M$975.1M$952.6M
Depreciation and amortisation $233.0M$219.6M$229.0M$220.5M$229.7M$247.6M$269.5M$281.3M$295.2M$307.5M
Stock-based compensation $111.0M$107.9M$99.5M$75.5M$81.7M$72.7M$100.6M$88.6M$74.5M$63.6M
Capital expenditure —$216.2M$164.8M$217.5M$166.9M$107.8M$270.3M$197.7M$161.6M$284.0M
Investing cash flow -$356.6M-$264.1M-$256.8M$471.5M-$717.9M$195.0M$702.1M-$879.3M-$189.1M-$208.1M
Financing cash flow -$769.7M-$704.0M-$665.6M-$1.21B-$665.7M$356.8M-$438.2M-$605.7M-$197.5M-$518.4M
Dividends paid $216.5M$201.1M$194.6M$198.3M$150.0M$49.8M$203.9M$190.7M$162.4M$164.8M
Buybacks $623.8M$480.9M$449.7M$488.6M$492.6M$37.7M$694.8M$502.6M$17.1M$215.2M

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 0001140361-26-025788.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B 10B Revenue, FY2016: 6.7B Gross profit, FY2016: 3.7B Net income, FY2016: -99.3M Revenue, FY2017: 6.2B Gross profit, FY2017: 3.8B Net income, FY2017: 162.8M Revenue, FY2018: 6.3B Gross profit, FY2018: 3.9B Net income, FY2018: 430.9M Revenue, FY2019: 6.2B Gross profit, FY2019: 3.7B Net income, FY2019: 384.3M Revenue, FY2020: 4.4B Gross profit, FY2020: 2.9B Net income, FY2020: -121.1M Revenue, FY2021: 6.2B Gross profit, FY2021: 4.1B Net income, FY2021: 600.1M Revenue, FY2022: 6.4B Gross profit, FY2022: 4.2B Net income, FY2022: 522.7M Revenue, FY2023: 6.6B Gross profit, FY2023: 4.4B Net income, FY2023: 646.3M Revenue, FY2024: 7.1B Gross profit, FY2024: 4.9B Net income, FY2024: 742.9M Revenue, FY2025: 8.1B Gross profit, FY2025: 5.7B Net income, FY2025: 941.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.65B $6.18B $6.31B $6.16B $4.40B $6.22B $6.44B $6.63B $7.08B $8.11B
Gross profit $3.65B $3.75B $3.89B $3.65B $2.86B $4.15B $4.17B $4.43B $4.85B $5.67B
Net income -$99.3M $162.8M $430.9M $384.3M -$121.1M $600.1M $522.7M $646.3M $742.9M $941.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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