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Tapestry, Inc. (TPR) 10-Year Financial Performance & Capital Metrics

TPR • • Industrial / General
Consumer CyclicalLuxury GoodsLuxury Fashion & AccessoriesMulti-Brand Luxury Fashion Houses
AboutTapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. The company also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear for men. In addition, it offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear, and fragrances under the Coach brand; and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts, and fragrances under the Kate Spade brand. As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. It sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.Show more
  • Revenue $7.01B +5.1%
  • EBITDA $640M -53.3%
  • Net Income $183M -77.5%
  • EPS (Diluted) 0.82 -76.6%
  • Gross Margin 75.44% +2.9%
  • EBITDA Margin 9.13% -55.5%
  • Operating Margin 5.92% -65.4%
  • Net Margin 2.61% -78.6%
  • ROE 9.76% -69.1%
  • ROIC 6.78% -58.9%
  • Debt/Equity 4.55 +50.2%
  • Interest Coverage 4.86 -46.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 27.4%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 15.6% free cash flow margin
  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.6% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 4.5x
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Expensive at 34.7x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.28%
5Y7.16%
3Y1.6%
TTM8.14%

Profit (Net Income) CAGR

10Y-7.57%
5Y-
3Y-40.19%
TTM-66.39%

EPS CAGR

10Y-5.54%
5Y-
3Y-36.28%
TTM-67.63%

ROCE

10Y Avg12.25%
5Y Avg14.27%
3Y Avg12.72%
Latest4.97%

Peer Comparison

Multi-Brand Luxury Fashion Houses
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TPRTapestry, Inc.27.36B133.70163.055.09%3.77%67.93%4%4.55
LANVLanvin Group Holdings Limited222.19M1.90-1.35-22.89%-62.22%-249.03%
CPRICapri Holdings Limited3.04B25.48-2.55-29.55%-313.71%5.04%8.34

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+4.49B4.49B5.88B6.03B4.96B5.75B6.68B6.66B6.67B7.01B
Revenue Growth %0.07%-0%0.31%0.03%-0.18%0.16%0.16%-0%0%0.05%
Cost of Goods Sold+1.44B1.41B2.03B1.97B1.72B1.66B2.03B1.95B1.78B1.72B
COGS % of Revenue0.32%0.31%0.35%0.33%0.35%0.29%0.3%0.29%0.27%0.25%
Gross Profit+3.05B3.08B3.85B4.05B3.24B4.08B4.65B4.71B4.89B5.29B
Gross Margin %0.68%0.69%0.65%0.67%0.65%0.71%0.7%0.71%0.73%0.75%
Gross Profit Growth %0.05%0.01%0.25%0.05%-0.2%0.26%0.14%0.01%0.04%0.08%
Operating Expenses+2.4B2.29B3.18B3.23B3.79B3.11B3.47B3.54B3.75B4.87B
OpEx % of Revenue0.53%0.51%0.54%0.54%0.76%0.54%0.52%0.53%0.56%0.7%
Selling, General & Admin2.4B2.29B3.18B3.23B3.31B3.11B3.47B3.54B3.75B4.02B
SG&A % of Revenue0.53%0.51%0.54%0.54%0.67%0.54%0.52%0.53%0.56%0.57%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses0000477.7M0000854.8M
Operating Income+653.5M787.4M672M819.7M-550.8M968M1.18B1.17B1.14B415M
Operating Margin %0.15%0.18%0.11%0.14%-0.11%0.17%0.18%0.18%0.17%0.06%
Operating Income Growth %0.06%0.2%-0.15%0.22%-1.67%2.76%0.21%-0%-0.03%-0.64%
EBITDA+864.1M1B932.3M1.09B-302.5M1.19B1.38B1.4B1.37B639.9M
EBITDA Margin %0.19%0.22%0.16%0.18%-0.06%0.21%0.21%0.21%0.21%0.09%
EBITDA Growth %0.07%0.16%-0.07%0.17%-1.28%4.92%0.16%0.01%-0.02%-0.53%
D&A (Non-Cash Add-back)210.6M212.8M260.3M268.2M248.3M218.7M206M224.2M229M224.9M
EBIT653.5M787.4M993.1M819.7M-564.1M968.7M1.11B1.17B1.14B301.5M
Net Interest Income+-26.9M-28.4M-74M-47.9M-60.1M-71.4M-58.7M-27.6M-125M-85.4M
Interest Income6M000000000
Interest Expense028.4M74M47.9M60.1M71.4M58.7M27.6M125M85.4M
Other Income/Expense-26.9M-28.4M-75.2M-53.5M-73.4M-70.7M-128.8M-29.3M-128.2M-198.9M
Pretax Income+626.6M759M596.8M766.2M-624.2M897.3M1.05B1.14B1.01B216.1M
Pretax Margin %0.14%0.17%0.1%0.13%-0.13%0.16%0.16%0.17%0.15%0.03%
Income Tax+166.1M168M199.3M122.8M27.9M63.1M190.7M207.1M195.9M32.9M
Effective Tax Rate %0.73%0.78%0.67%0.84%1.04%0.93%0.82%0.82%0.81%0.85%
Net Income+460.5M591M397.5M643.4M-652.1M834.2M856.3M936M816M183.2M
Net Margin %0.1%0.13%0.07%0.11%-0.13%0.15%0.13%0.14%0.12%0.03%
Net Income Growth %0.14%0.28%-0.33%0.62%-2.01%2.28%0.03%0.09%-0.13%-0.78%
Net Income (Continuing)460.5M591M397.5M643.4M-652.1M834.2M856.3M936M816M183.2M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.652.091.382.21-2.342.953.173.883.500.82
EPS Growth %0.14%0.27%-0.34%0.6%-2.06%2.26%0.07%0.22%-0.1%-0.77%
EPS (Basic)1.662.111.392.22-2.343.003.243.963.560.85
Diluted Shares Outstanding279.3M282.8M288.6M290.8M278.6M283M270.1M241.3M233.2M222.5M
Basic Shares Outstanding277.6M280.6M285.4M289.4M278.6M277.9M264.3M236.4M229.2M216.8M
Dividend Payout Ratio0.81%0.64%0.97%0.61%--0.31%0.3%0.39%1.63%

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+2.17B3.95B2.43B2.56B2.55B3.38B2.57B2.36B8.8B2.91B
Cash & Short-Term Investments1.32B3.08B1.25B1.23B1.43B2.02B953.2M741.5M7.2B1.12B
Cash Only1.32B2.67B1.25B969.2M1.43B2.01B789.8M726.1M6.14B1.1B
Short-Term Investments0410.7M0264.6M8.1M8.1M163.4M15.4M1.06B19.6M
Accounts Receivable245.2M309.5M314.1M353.9M239.3M454.8M469.5M442.6M464.4M516.6M
Days Sales Outstanding19.9225.1719.521.4317.628.8925.6424.2525.4126.9
Inventory459.2M469.7M673.8M778.3M736.9M734.8M994.2M919.5M824.8M860.7M
Days Inventory Outstanding116.35121.83121.06143.95156.19161.14178.4172.47168.97182.46
Other Current Assets77.5M31.9M86.3M91M85M76.1M51.7M133.6M139.8M274.9M
Total Non-Current Assets+2.72B1.88B4.25B4.32B5.37B5.01B4.69B4.75B4.59B3.67B
Property, Plant & Equipment919.5M691.4M885.4M938.8M2.53B2.17B1.83B1.94B1.83B1.82B
Fixed Asset Turnover4.89x6.49x6.64x6.42x1.96x2.64x3.66x3.43x3.65x3.85x
Goodwill502.4M480.5M1.48B1.52B1.3B1.3B1.24B1.23B1.2B983.3M
Intangible Assets346.8M340.8M1.73B1.71B1.38B1.37B1.37B1.36B1.35B719.6M
Long-Term Investments558.6M75.1M0100K100K00001.4M
Other Non-Current Assets143.7M120M118.8M134.1M102.4M96.1M209.5M182.1M161.7M116.3M
Total Assets+4.89B5.83B6.68B6.88B7.92B8.38B7.27B7.12B13.4B6.58B
Asset Turnover0.92x0.77x0.88x0.88x0.63x0.69x0.92x0.94x0.50x1.07x
Asset Growth %0.05%0.19%0.15%0.03%0.15%0.06%-0.13%-0.02%0.88%-0.51%
Total Current Liabilities+826.7M753.8M938.2M918M1.74B1.43B1.47B1.29B1.71B1.56B
Accounts Payable186.7M194.6M264.3M243.6M130.8M445.2M520.7M416.9M452.2M456.1M
Days Payables Outstanding47.3150.4847.4945.0627.7297.6393.4378.292.6496.69
Short-Term Debt15M0700K0711.5M031.2M25M303.4M16.7M
Deferred Revenue (Current)0000000000
Other Current Liabilities00000000048.2M
Current Ratio2.63x5.24x2.59x2.79x1.47x2.37x1.75x1.84x5.14x1.87x
Quick Ratio2.07x4.62x1.87x1.94x1.04x1.85x1.08x1.12x4.66x1.31x
Cash Conversion Cycle88.9796.5293.07120.33146.0792.4110.6118.52101.74112.67
Total Non-Current Liabilities+1.38B2.08B2.5B2.45B3.91B3.7B3.51B3.55B8.79B4.17B
Long-Term Debt861.2M1.58B1.59B1.6B1.59B1.59B1.66B1.64B6.94B2.38B
Capital Lease Obligations006M5.3M1.8B1.53B1.28B1.33B1.22B1.21B
Deferred Tax Liabilities57.3M63.3M206.2M234.1M155.1M203.9M221.7M240M251.3M79.8M
Other Non-Current Liabilities464.6M433.1M689.4M609.9M362.9M376.8M347.8M343M375.1M502.5M
Total Liabilities2.21B2.83B3.43B3.36B5.65B5.12B4.98B4.84B10.5B5.72B
Total Debt+876.2M1.58B1.6B1.6B4.49B3.44B3.26B3.29B8.76B3.9B
Net Debt-443.2M-1.09B350.6M633.5M3.05B1.43B2.47B2.57B2.62B2.8B
Debt / Equity0.33x0.53x0.49x0.46x1.97x1.05x1.43x1.45x3.03x4.55x
Debt / EBITDA1.01x1.58x1.72x1.47x-2.90x2.36x2.36x6.40x6.09x
Net Debt / EBITDA-0.51x-1.09x0.38x0.58x-1.20x1.79x1.84x1.92x4.37x
Interest Coverage-27.73x9.08x17.11x-9.16x13.56x20.03x42.48x9.12x4.86x
Total Equity+2.68B3B3.24B3.51B2.28B3.26B2.29B2.28B2.9B857.8M
Equity Growth %0.08%0.12%0.08%0.08%-0.35%0.43%-0.3%-0%0.27%-0.7%
Book Value per Share9.6110.6111.2412.088.1711.528.469.4412.423.86
Total Shareholders' Equity2.68B3B3.24B3.51B2.28B3.26B2.29B2.28B2.9B857.8M
Common Stock2.8M2.8M2.9M2.9M2.8M2.8M2.4M2.3M2.3M2.1M
Retained Earnings-104.1M107.7M119M291.6M-992.7M-158.5M-1.17B-1.22B-722.2M-2.56B
Treasury Stock0000000000
Accumulated OCI-72.9M-86.9M-82.8M-83.2M-92.2M-72M-170.9M-189.9M-145.9M-261.2M
Minority Interest0000000000

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+758.6M853.8M996.7M791.7M407M1.32B853.2M975.2M1.26B1.22B
Operating CF Margin %0.17%0.19%0.17%0.13%0.08%0.23%0.13%0.15%0.19%0.17%
Operating CF Growth %-0.19%0.13%0.17%-0.21%-0.49%2.25%-0.36%0.14%0.29%-0.03%
Net Income460.5M591M397.5M643.4M-652.1M834.2M856.3M936M816M183.2M
Depreciation & Amortization210.6M212.8M260.3M268.2M248.3M218.7M206M224.2M229M224.9M
Stock-Based Compensation86.8M73.6M81.3M84.8M53.1M64.1M72.2M78.8M85.9M87.3M
Deferred Taxes-52.3M78M-50.9M34.5M-115.7M52.6M29.9M41.2M2.5M-139.8M
Other Non-Cash Items15.7M-5.1M139.3M34.1M953.7M-76.2M66.3M-46.1M-45.7M900.3M
Working Capital Changes37.3M-96.5M169.2M-273.3M-80.3M230.3M-377.5M-258.9M167.9M-39.3M
Change in Receivables-28.3M-29.4M-5.6M25.7M61.9M-9.6M-96M44.1M-37.3M8.8M
Change in Inventory40.7M-20M30.4M-104.7M-58.6M32.2M-311.7M49.9M85.8M-108.2M
Change in Payables-48.4M8.4M-77.3M-39.8M-91.7M307.3M86.4M-98.1M49.1M-15M
Cash from Investing+-810M593M-2.16B-574.2M44.3M-91M-253.6M5.7M-1.04B914M
Capital Expenditures-405.3M-283.1M-267.4M-274.2M-205.4M-116M-93.9M-184.2M-108.9M-122.7M
CapEx % of Revenue0.09%0.06%0.05%0.05%0.04%0.02%0.01%0.03%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing01.8M00249.7M25M380.7M154.7M103.7M0
Cash from Financing+-384.9M369.5M-249.9M-484.9M5.9M-666M-1.78B-1.04B5.21B-7.18B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-374.5M-378M-384.1M-390.7M-380.3M0-264.4M-283.3M-321.4M-299.3M
Share Repurchases----------
Other Financing4.6M35.3M134.2M5.8M-13.8M45.5M-12.2M-17.9M-84.9M41.5M
Net Change in Cash----------
Free Cash Flow+353.3M570.7M729.3M517.5M201.6M1.21B759.3M791M1.15B1.09B
FCF Margin %0.08%0.13%0.12%0.09%0.04%0.21%0.11%0.12%0.17%0.16%
FCF Growth %-0.51%0.62%0.28%-0.29%-0.61%4.99%-0.37%0.04%0.45%-0.05%
FCF per Share1.262.022.531.780.724.272.813.284.924.92
FCF Conversion (FCF/Net Income)1.65x1.44x2.51x1.23x-0.62x1.59x1.00x1.04x1.54x6.64x
Interest Paid33.7M35.4M63M64.1M68.1M69.7M67.8M82.6M262.8M394.9M
Taxes Paid158.9M159.1M16.4M183.8M87.2M251.8M179.7M231.9M200.1M189.5M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)17.8%20.79%12.73%19.04%-22.53%30.14%30.89%41.02%31.54%9.76%
Return on Invested Capital (ROIC)22.65%28.47%18.32%15.88%-8.71%14.48%18.67%18.32%16.5%6.78%
Gross Margin67.93%68.65%65.45%67.26%65.29%71.04%69.57%70.78%73.29%75.44%
Net Margin10.25%13.17%6.76%10.68%-13.14%14.52%12.81%14.05%12.23%2.61%
Debt / Equity0.33x0.53x0.49x0.46x1.97x1.05x1.43x1.45x3.03x4.55x
Interest Coverage-27.73x9.08x17.11x-9.16x13.56x20.03x42.48x9.12x4.86x
FCF Conversion1.65x1.44x2.51x1.23x-0.62x1.59x1.00x1.04x1.54x6.64x
Revenue Growth7.16%-0.08%31.01%2.5%-17.68%15.82%16.33%-0.35%0.15%5.09%

Revenue by Segment

2016201720182019202020212022202320242025
Coach--4.22B4.27B3.53B4.25B4.92B4.96B5.1B5.6B
Coach Growth---1.17%-17.45%20.63%15.71%0.79%2.72%9.88%
Kate Spade & Company--1.28B1.37B1.15B1.21B1.45B1.42B1.33B1.2B
Kate Spade & Company Growth---6.39%-15.90%5.26%19.46%-1.84%-5.96%-10.29%
Stuart Weitzman344.7M373.6M373.8M389.4M286.2M283.2M317.7M281.6M241.5M215.1M
Stuart Weitzman Growth-8.38%0.05%4.17%-26.50%-1.05%12.18%-11.36%-14.24%-10.93%

Revenue by Geography

2016201720182019202020212022202320242025
North America---3.4B2.84B3.37B4.17B4.04B3.95B4.21B
North America Growth-----16.36%18.53%24.02%-3.21%-2.24%6.54%
Non-US802.5M839.1M989.5M1.01B788.5M687.4M904.8M1.04B1.15B1.23B
Non-US Growth-4.56%17.92%1.80%-21.72%-12.82%31.63%14.49%11.45%6.38%
China652.2M643.9M737.4M912.9M730.3M1.09B1.03B1.02B1.01B1.06B
China Growth--1.27%14.52%23.80%-20.00%49.82%-6.17%-1.05%-0.32%4.65%
Other Asia---711.9M602.9M598.9M578.8M569M554.4M514.8M
Other Asia Growth-----15.31%-0.66%-3.36%-1.69%-2.57%-7.14%
UNITED STATES2.48B2.43B3.46B-------
UNITED STATES Growth--1.81%42.13%-------
JAPAN559.8M572.8M695.7M-------
JAPAN Growth-2.32%21.46%-------

Frequently Asked Questions

Valuation & Price

Tapestry, Inc. (TPR) has a price-to-earnings (P/E) ratio of 163.0x. This suggests investors expect higher future growth.

Growth & Financials

Tapestry, Inc. (TPR) reported $7.21B in revenue for fiscal year 2025. This represents a 51% increase from $4.76B in 2012.

Tapestry, Inc. (TPR) grew revenue by 5.1% over the past year. This is steady growth.

Yes, Tapestry, Inc. (TPR) is profitable, generating $271.4M in net income for fiscal year 2025 (2.6% net margin).

Dividend & Returns

Yes, Tapestry, Inc. (TPR) pays a dividend with a yield of 1.01%. This makes it attractive for income-focused investors.

Tapestry, Inc. (TPR) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

Tapestry, Inc. (TPR) generated $1.08B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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