TAPESTRY, INC. TPR
Tapestry, Inc. (the "Company") is a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york. Together, we stretch what's possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life.
•Coach - Coach is a global fashion house of accessories and lifestyle collections, founded in New York City in 1941. Inspired by the vision of Expressive Luxury and the inclusive and courageous spirit of its hometown, the brand makes beautiful things, crafted to last – for you to be yourself in. Coach has built a legacy of craftsmanship and a community that champions the courage to be real. Coach includes global sales of primarily Coach brand products to customers through our direct-to-consumer ("DTC"), wholesale and licensing businesses. This segment represented 86.4% of total net sales in fiscal 2026.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.00B | $7.01B | $6.67B | $6.66B | $6.68B | $5.75B | $4.96B | $6.03B | $5.88B | $4.49B |
| Cost of revenue | $1.78B | $1.72B | $1.78B | $1.95B | $2.03B | $1.66B | $1.72B | $1.97B | $2.03B | $1.41B |
| Gross profit | $6.23B | $5.29B | $4.89B | $4.71B | $4.65B | $4.08B | $3.24B | $4.05B | $3.85B | $3.08B |
| SG&A | $4.31B | $4.02B | $3.75B | $3.54B | $3.47B | $3.11B | — | $3.23B | $3.18B | $2.29B |
| Operating income | $1.91B | $415.0M | $1.14B | $1.17B | $1.18B | $968.0M | -$550.8M | $819.7M | $672.0M | $787.4M |
| Interest expense | $55.2M | $85.4M | $125.0M | $27.6M | $58.7M | $71.4M | $60.1M | $47.9M | $74.0M | $28.4M |
| Pre-tax income | $1.86B | $216.1M | $1.01B | $1.14B | $1.05B | $897.3M | -$624.2M | $766.2M | $596.8M | $759.0M |
| Income tax | $332.9M | $32.9M | $195.9M | $207.1M | $190.7M | $63.1M | $27.9M | $122.8M | $199.3M | $168.0M |
| Net income | $1.53B | $183.2M | $816.0M | $936.0M | $856.3M | $834.2M | -$652.1M | $643.4M | $397.5M | $591.0M |
| EPS, basic | 7.49 | 0.84 | 3.56 | 3.96 | 3.24 | 3.00 | -2.34 | 2.22 | 1.39 | 2.11 |
| EPS, diluted | 7.27 | 0.82 | 3.50 | 3.88 | 3.17 | 2.95 | -2.34 | 2.21 | 1.38 | 2.09 |
| Shares, diluted (wtd. avg.) | $210.2M | $222.5M | $233.2M | $241.3M | $270.1M | $283.0M | $278.6M | $290.8M | $288.6M | $282.8M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $974.7M | $1.10B | $6.14B | $726.1M | $789.8M | $2.01B | $1.43B | $969.2M | $1.24B | $2.67B |
| Short-term investments | $177.3M | $19.6M | $1.06B | $15.4M | $163.4M | $8.1M | $8.1M | $264.6M | $6.6M | $410.7M |
| Receivables | $237.1M | $239.3M | $228.2M | $211.5M | $252.3M | $200.2M | $193.3M | $298.1M | $314.1M | $268.0M |
| Inventory | $826.2M | $860.7M | $824.8M | $919.5M | $994.2M | $734.8M | $736.9M | $778.3M | $673.8M | $469.7M |
| Total current assets | $2.88B | $2.91B | $8.80B | $2.36B | $2.57B | $3.38B | $2.55B | $2.56B | $2.43B | $3.95B |
| Property, plant and equipment | — | — | — | — | — | — | $775.2M | $938.8M | $885.4M | $691.4M |
| Goodwill | $957.7M | $983.3M | $1.20B | $1.23B | $1.24B | $1.30B | $1.30B | $1.52B | $1.48B | $480.5M |
| Other intangibles | $716.5M | $719.6M | $1.35B | $1.36B | $1.37B | $1.37B | $1.38B | $1.71B | $1.73B | $340.8M |
| Total assets | $6.69B | $6.58B | $13.40B | $7.12B | $7.27B | $8.38B | $7.92B | $6.88B | $6.68B | $5.83B |
| Accounts payable | $582.3M | $456.1M | $452.2M | $416.9M | $520.7M | $445.2M | $130.8M | $243.6M | $264.3M | $194.6M |
| Short-term debt | $0 | $16.7M | $303.4M | $25.0M | $31.2M | $0 | $711.5M | $800.0K | $700.0K | $0 |
| Total current liabilities | $1.65B | $1.56B | $1.71B | $1.29B | $1.47B | $1.43B | $1.74B | $918.0M | $938.2M | $753.8M |
| Long-term debt | $2.40B | $2.40B | $7.00B | $1.64B | $1.67B | $1.60B | $1.60B | $1.62B | $1.62B | $1.60B |
| Total liabilities | $6.00B | $5.72B | $10.50B | $4.84B | $4.98B | $5.12B | $5.65B | $3.36B | $3.43B | $2.83B |
| Retained earnings | -$3.21B | -$2.56B | -$722.2M | -$1.22B | -$1.17B | -$158.5M | -$992.7M | $291.6M | $119.0M | $107.7M |
| Total equity | $692.1M | $857.8M | $2.90B | $2.28B | $2.29B | $3.26B | $2.28B | $3.51B | $3.24B | $3.00B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.98B | $1.22B | $1.26B | $975.2M | $853.2M | $1.32B | $407.0M | $792.4M | $997.5M | $853.8M |
| Depreciation and amortisation | $160.8M | $162.9M | $174.0M | $182.2M | $195.3M | $220.5M | $829.2M | $270.4M | $271.3M | $218.9M |
| Stock-based compensation | $104.5M | $87.3M | $85.9M | $78.8M | $72.2M | $64.1M | $53.1M | $84.8M | $81.3M | $73.6M |
| Capital expenditure | $166.0M | $122.7M | $108.9M | $184.2M | $93.9M | $116.0M | $205.4M | $274.2M | $267.4M | $283.1M |
| Investing cash flow | -$218.3M | $914.0M | -$1.04B | $5.7M | -$253.6M | -$91.0M | $44.3M | -$574.2M | -$2.16B | $593.0M |
| Financing cash flow | -$1.86B | -$7.18B | $5.21B | -$1.04B | -$1.78B | -$666.0M | $5.9M | -$485.6M | -$250.7M | $369.5M |
| Dividends paid | $326.1M | $299.3M | $321.4M | $283.3M | $264.4M | $0 | $380.3M | $390.7M | $384.1M | $378.0M |
| Buybacks | $1.55B | $1.72B | $0 | $703.5M | $1.60B | $0 | $300.0M | $100.0M | $0 | $0 |
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 0001116132-26-000018.
Others in SIC 3100
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|---|---|---|---|---|
| CPRI | Capri Holdings Ltd | $1.54B | 11.9x | -4.1% |
| VRA | Vera Bradley, Inc. | $95.3M | — | -15.4% |
| TLF | TANDY LEATHER FACTORY INC | $21.5M | 2.4x | 2.6% |
| FMFC | Kandal M Venture Ltd | — | — | 23.0% |