Tapestry (TPR) Financials

$63.40 -0.52 (-0.81%)

Closing price 04/11/2025 03:59 PM Eastern

Extended Trading

$63.30 -0.10 (-0.15%)

As of 04/11/2025 07:58 PM Eastern

Annual Income Statements for Tapestry

This table shows Tapestry's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	402	461	591	398	643	-652	834	856	936	816
Consolidated Net Income / (Loss)	402	461	591	398	643	-652	834	856	936	816
Net Income / (Loss) Continuing Operations	402	461	591	398	643	-652	834	856	936	816
Total Pre-Tax Income	612	627	759	597	766	-624	897	1,047	1,143	1,012
Total Operating Income	618	654	787	672	820	-551	968	1,176	1,172	1,140
Total Gross Profit	2,909	3,051	3,081	3,849	4,054	3,239	4,082	4,650	4,715	4,890
Total Revenue	4,192	4,492	4,488	5,880	6,027	4,961	5,746	6,685	6,661	6,671
Operating Revenue	4,192	4,492	4,488	5,880	6,027	4,961	5,746	6,685	6,661	6,671
Total Cost of Revenue	1,283	1,441	1,407	2,032	1,973	1,722	1,664	2,034	1,946	1,782
Operating Cost of Revenue	1,283	1,441	1,407	2,032	1,973	1,722	1,664	2,034	1,946	1,782
Total Operating Expenses	2,291	2,398	2,294	3,177	3,234	3,790	3,114	3,475	3,543	3,749
Selling, General & Admin Expense	2,291	2,398	2,294	3,177	3,234	3,312	3,114	3,475	3,543	3,749
Total Other Income / (Expense), net	-6.40	-27	-28	-75	-54	-73	-71	-129	-29	-128
Interest Expense	6.40	27	28	74	48	60	71	112	28	125
Other Income / (Expense), net	-	-	-	-1.20	-5.60	-13	0.70	-16	-1.70	-3.20
Income Tax Expense	209	166	168	199	123	28	63	191	207	196
Basic Earnings per Share	$1.46	$1.66	$2.11	$1.39	$2.22	($2.34)	$3.00	$3.24	$3.96	$3.56
Weighted Average Basic Shares Outstanding	275.70M	277.60M	280.60M	285.40M	289.40M	278.60M	277.90M	264.30M	236.40M	229.20M
Diluted Earnings per Share	$1.45	$1.65	$2.09	$1.38	$2.21	($2.34)	$2.95	$3.17	$3.88	$3.50
Weighted Average Diluted Shares Outstanding	277.20M	279.30M	282.80M	288.60M	290.80M	278.60M	283M	270.10M	241.30M	233.20M
Weighted Average Basic & Diluted Shares Outstanding	275.60M	277.40M	280.10M	286M	289.80M	276.24M	279.58M	241.22M	227.44M	230.22M
Cash Dividends to Common per Share	$1.35	$1.35	$1.35	$1.35	$1.35	$1.01	$0.00	$1.00	$1.20	$1.40

This table shows Tapestry's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	189	195	330	187	224	195	322	139	159	187	310
Consolidated Net Income / (Loss)	189	195	330	187	224	195	322	139	159	187	310
Net Income / (Loss) Continuing Operations	189	195	330	187	224	195	322	139	159	187	310
Total Pre-Tax Income	229	236	417	223	267	239	403	170	201	226	345
Total Operating Income	249	254	418	226	274	253	448	204	235	252	493
Total Gross Profit	1,119	1,055	1,389	1,098	1,173	1,098	1,493	1,107	1,191	1,135	1,633
Total Revenue	1,625	1,507	2,025	1,510	1,620	1,513	2,085	1,482	1,591	1,508	2,195
Operating Revenue	1,625	1,507	2,025	1,510	1,620	1,513	2,085	1,482	1,591	1,508	2,195
Total Cost of Revenue	506	452	636	411	447	416	591	375	400	373	562
Operating Cost of Revenue	506	452	636	411	447	416	591	375	400	373	562
Total Operating Expenses	871	800	971	872	899	845	1,046	903	956	883	1,140
Selling, General & Admin Expense	871	800	971	872	899	845	1,046	903	956	883	1,140
Total Other Income / (Expense), net	-20	-18	-1.30	-3.10	-6.80	-15	-45	-35	-34	-26	-148
Interest Expense	12	7.40	7.90	6.10	6.20	13	49	32	31	31	145
Other Income / (Expense), net	-8.10	-11	6.60	3.00	-0.60	-1.40	4.70	-2.80	-3.70	4.40	-2.90
Income Tax Expense	40	41	87	37	43	44	81	30	42	39	35
Basic Earnings per Share	$0.78	$0.81	$1.38	$0.80	$0.97	$0.85	$1.41	$0.61	$0.69	$0.81	$1.41
Weighted Average Basic Shares Outstanding	264.30M	241.50M	239.30M	234.60M	236.40M	228.30M	229.30M	229.50M	229.20M	231.50M	219.90M
Diluted Earnings per Share	$0.76	$0.79	$1.36	$0.78	$0.95	$0.84	$1.39	$0.60	$0.67	$0.79	$1.38
Weighted Average Diluted Shares Outstanding	270.10M	246.80M	243.30M	239.70M	241.30M	232.50M	231.70M	234.20M	233.20M	235.90M	224.90M
Weighted Average Basic & Diluted Shares Outstanding	241.22M	240.96M	236.08M	231.80M	227.44M	229.19M	229.37M	229.77M	230.22M	233.04M	207.02M
Cash Dividends to Common per Share	$0.25	$0.30	$0.30	$0.30	$0.30	$0.35	$0.35	$0.35	$0.35	$0.35	$0.35

This table details how cash moves in and out of Tapestry's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	700	-433	1,814	-1,418	-267	457	581	-1,218	-64	5,416
Net Cash From Operating Activities	937	759	854	998	792	407	1,324	853	975	1,256
Net Cash From Continuing Operating Activities	937	759	854	998	792	407	1,324	853	975	1,256
Net Income / (Loss) Continuing Operations	402	461	591	398	643	-652	834	856	936	816
Consolidated Net Income / (Loss)	402	461	591	398	643	-652	834	856	936	816
Depreciation Expense	192	211	213	260	268	248	219	195	182	174
Amortization Expense	-	-	-	-	-	-	-	11	42	55
Non-Cash Adjustments To Reconcile Net Income	153	103	69	221	119	1,007	-12	139	33	40
Changes in Operating Assets and Liabilities, net	191	-15	-19	119	-238	-196	283	-348	-218	170
Net Cash From Investing Activities	-613	-810	593	-2,165	-574	44	-91	-254	5.70	-1,042
Net Cash From Continuing Investing Activities	-613	-810	593	-2,165	-574	44	-91	-254	5.70	-1,042
Purchase of Property, Plant & Equipment	-199	-396	-283	-267	-274	-205	-116	-94	-184	-109
Purchase of Investments	-50	-665	-524	-3.80	-416	-212	-0.70	-540	-6.70	-2,713
Sale and/or Maturity of Investments	305	426	1,272	482	159	462	1.80	381	197	1,780
Net Cash From Financing Activities	389	-385	370	-251	-486	5.90	-666	-1,778	-1,036	5,214
Net Cash From Continuing Financing Activities	389	-385	370	-251	-486	5.90	-666	-1,778	-1,036	5,214
Repayment of Debt	-147	-15	-295	-1,100	0.00	-3.20	-720	-956	-32	-548
Repurchase of Common Equity	-	-	0.00	0.00	-100	-300	0.00	-1,600	-704	0.00
Payment of Dividends	-372	-375	-378	-384	-391	-380	0.00	-264	-283	-321
Issuance of Debt	897	0.00	997	1,100	0.00	700	0.00	999	0.00	6,090
Issuance of Common Equity	37	29	70	166	35	4.30	61	75	39	27
Other Financing Activities, net	-25	-25	-25	-32	-30	-15	-7.50	-31	-56	-33
Effect of Exchange Rate Changes	-14	3.50	-2.40	-	-	-0.10	15	-39	-8.70	-12
Cash Interest Paid	1.40	34	35	63	64	68	70	68	83	263
Cash Income Taxes Paid	180	159	159	16	184	87	252	180	232	200

This table details how cash moves in and out of Tapestry's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	-16	-263	304	-193	89	-104	6,211	142	-833	321	-5,480
Net Cash From Operating Activities	237	-170	633	112	400	75	827	98	256	120	506
Net Cash From Continuing Operating Activities	237	-170	633	112	400	75	827	98	256	120	506
Net Income / (Loss) Continuing Operations	189	195	330	187	224	195	322	139	159	187	310
Consolidated Net Income / (Loss)	189	195	330	187	224	195	322	139	159	187	310
Depreciation Expense	47	44	45	42	52	44	42	40	48	41	41
Amortization Expense	-	-	-	-	-	13	13	-	-	14	15
Non-Cash Adjustments To Reconcile Net Income	19	-6.80	4.80	16	19	13	28	6.10	-7.40	-12	116
Changes in Operating Assets and Liabilities, net	-28	-403	253	-132	64	-191	421	-88	0.90	-110	25
Net Cash From Investing Activities	84	147	-66	-40	-35	-23	-632	169	-556	190	789
Net Cash From Continuing Investing Activities	84	147	-66	-40	-35	-23	-632	169	-556	190	789
Purchase of Property, Plant & Equipment	-19	-27	-82	-41	-35	-21	-23	-19	-46	-26	-31
Purchase of Investments	-17	-4.00	-0.30	-2.00	-0.40	-1.90	-609	-515	-1,587	-1,479	-406
Sale and/or Maturity of Investments	120	178	16	2.80	0.10	0.00	-	703	1,077	1,695	1,227
Net Cash From Financing Activities	-310	-226	-279	-264	-267	-149	5,959	-76	-519	-75	-6,701
Net Cash From Continuing Financing Activities	-310	-226	-279	-264	-267	-149	5,959	-76	-519	-75	-6,701
Repayment of Debt	-401	-13	-6.30	-6.20	-7.30	-38	-53	-6.40	-451	0.00	-6,936
Payment of Dividends	-62	-73	-72	-70	-69	-80	-80	-81	-81	-81	-72
Issuance of Common Equity	2.50	6.10	7.70	15	10	0.40	2.90	12	12	42	73
Other Financing Activities, net	0.60	-52	-3.30	-0.60	0.50	-32	-0.60	-0.40	0.20	-35	-0.80
Effect of Exchange Rate Changes	-27	-14	16	-1.40	-9.40	-7.10	58	-49	-14	86	-74
Cash Interest Paid	5.70	26	13	26	18	27	19	28	189	24	301
Cash Income Taxes Paid	49	83	55	53	41	42	51	59	48	65	41

This table presents Tapestry's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,667	4,893	5,832	6,678	6,877	7,924	8,382	7,265	7,117	13,396
Total Current Assets	2,507	2,173	3,953	2,433	2,557	2,553	3,375	2,574	2,364	8,804
Cash & Equivalents	1,292	859	2,673	1,243	969	1,426	2,008	790	726	6,142
Short-Term Investments	234	460	411	6.60	265	-	8.10	163	15	1,062
Accounts Receivable	220	245	268	314	298	193	200	252	212	228
Inventories, net	485	459	470	674	778	737	735	994	920	825
Prepaid Expenses	73	58	59	83	100	58	94	105	126	171
Current Deferred & Refundable Income Taxes	98	14	42	26	56	46	255	217	231	236
Other Current Assets	105	78	32	86	91	93	76	52	134	140
Plant, Property, & Equipment, net	733	920	691	885	939	0.00	0.00	544	565	515
Total Noncurrent Assets	1,428	1,800	1,187	3,360	3,382	5,371	5,007	4,147	4,189	4,078
Goodwill	434	502	481	1,484	1,516	1,301	1,297	1,242	1,228	1,204
Intangible Assets	360	347	341	1,733	1,712	1,379	1,373	1,367	1,360	1,354
Noncurrent Deferred & Refundable Income Taxes	116	249	171	24	19	-	66	48	40	44
Other Noncurrent Operating Assets	112	144	120	119	134	2,691	2,271	1,491	1,561	1,476
Total Liabilities & Shareholders' Equity	4,667	4,893	5,832	6,678	6,877	7,924	8,382	7,265	7,117	13,396
Total Liabilities	2,177	2,210	2,830	3,434	3,364	5,648	5,123	4,980	4,839	10,499
Total Current Liabilities	835	827	754	938	918	1,742	1,426	1,469	1,287	1,712
Short-Term Debt	11	15	0.00	0.70	0.80	712	0.00	31	25	303
Accounts Payable	223	187	195	264	244	131	445	521	417	452
Accrued Expenses	601	625	559	673	674	511	661	628	547	656
Other Current Liabilities	-	-	-	-	0.00	389	319	289	298	300
Total Noncurrent Liabilities	1,342	1,383	2,076	2,496	2,446	3,906	3,697	3,511	3,553	8,788
Long-Term Debt	879	861	1,580	1,600	1,602	1,588	1,591	1,659	1,636	6,937
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	63	206	234	155	204	222	240	251
Other Noncurrent Operating Liabilities	463	522	433	467	454	2,163	1,776	1,535	1,633	1,599
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,490	2,683	3,002	3,245	3,513	2,276	3,259	2,286	2,278	2,897
Total Preferred & Common Equity	2,490	2,683	3,002	3,245	3,513	2,276	3,259	2,286	2,278	2,897
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,490	2,683	3,002	3,245	3,513	2,276	3,259	2,286	2,278	2,897
Common Stock	2,757	2,860	2,981	3,208	3,305	3,361	3,490	3,623	3,685	3,765
Retained Earnings	-190	-104	108	119	292	-993	-159	-1,166	-1,217	-722
Accumulated Other Comprehensive Income / (Loss)	-78	-73	-87	-83	-83	-92	-72	-171	-190	-146

This table presents Tapestry's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Total Assets	7,265	7,080	7,258	6,984	7,117	7,143	13,815	13,728	13,396	13,729	7,252
Total Current Assets	2,574	2,387	2,499	2,219	2,364	2,409	9,043	8,997	8,804	9,146	2,772
Cash & Equivalents	790	527	830	637	726	622	6,833	6,975	6,142	6,463	983
Short-Term Investments	163	31	16	15	15	17	629	443	1,062	842	20
Accounts Receivable	252	270	253	241	212	265	246	277	228	279	297
Inventories, net	994	1,140	976	934	920	943	825	824	825	1,031	937
Prepaid Expenses	105	145	131	120	126	161	141	128	171	175	158
Current Deferred & Refundable Income Taxes	217	228	213	203	231	247	242	223	236	263	267
Other Current Assets	52	49	80	69	134	155	127	128	140	93	109
Plant, Property, & Equipment, net	544	526	571	578	565	540	539	518	515	513	498
Total Noncurrent Assets	4,147	4,166	4,188	4,187	4,189	4,194	4,234	4,213	4,078	4,070	3,982
Goodwill	1,242	1,221	1,249	1,245	1,228	1,219	1,233	1,217	1,204	1,232	1,205
Intangible Assets	1,367	1,365	1,363	1,362	1,360	1,359	1,357	1,355	1,354	1,352	1,350
Noncurrent Deferred & Refundable Income Taxes	48	45	47	45	40	39	40	38	44	47	43
Other Noncurrent Operating Assets	1,491	1,535	1,529	1,535	1,561	1,578	1,603	1,603	1,476	1,439	1,384
Total Liabilities & Shareholders' Equity	7,265	7,080	7,258	6,984	7,117	7,143	13,815	13,728	13,396	13,729	7,252
Total Liabilities	4,980	4,825	4,945	4,721	4,839	4,727	11,156	10,953	10,499	10,747	5,915
Total Current Liabilities	1,469	1,308	1,339	1,146	1,287	1,194	1,448	1,366	1,712	1,854	1,751
Short-Term Debt	31	25	25	25	25	25	25	25	303	303	303
Accounts Payable	521	511	437	331	417	387	463	373	452	544	514
Accrued Expenses	628	490	594	495	547	487	654	659	656	709	650
Other Current Liabilities	289	283	283	295	298	296	306	309	300	298	284
Total Noncurrent Liabilities	3,511	3,516	3,606	3,575	3,553	3,533	9,708	9,587	8,788	8,893	4,164
Long-Term Debt	1,659	1,653	1,648	1,642	1,636	1,630	7,714	7,674	6,937	7,008	2,377
Noncurrent Deferred & Payable Income Tax Liabilities	222	208	225	220	240	284	308	286	251	247	274
Other Noncurrent Operating Liabilities	1,535	1,570	1,660	1,650	1,633	1,586	1,664	1,616	1,599	1,638	1,514
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,286	2,255	2,313	2,263	2,278	2,416	2,660	2,775	2,897	2,982	1,337
Total Preferred & Common Equity	2,286	2,255	2,313	2,263	2,278	2,416	2,660	2,775	2,897	2,982	1,337
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,286	2,255	2,313	2,263	2,278	2,416	2,660	2,775	2,897	2,982	1,337
Common Stock	3,623	3,592	3,616	3,652	3,685	3,673	3,698	3,733	3,765	3,791	3,485
Retained Earnings	-1,166	-1,144	-1,085	-1,171	-1,217	-1,102	-860	-801	-722	-617	-1,992
Accumulated Other Comprehensive Income / (Loss)	-171	-193	-218	-218	-190	-155	-178	-157	-146	-192	-157

This table displays calculated financial ratios and metrics derived from Tapestry's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.79%	7.16%	-0.08%	31.01%	2.50%	-17.68%	15.82%	16.33%	-0.35%	0.15%
EBITDA Growth	-38.16%	6.71%	15.75%	-6.91%	16.24%	-129.18%	476.00%	14.99%	2.16%	-2.08%
EBIT Growth	-44.83%	5.74%	20.49%	-14.81%	21.36%	-169.29%	271.72%	19.69%	0.97%	-2.89%
NOPAT Growth	-47.85%	18.12%	27.66%	-27.00%	53.79%	-156.01%	333.41%	6.86%	-0.17%	-4.23%
Net Income Growth	-48.50%	14.44%	28.34%	-32.74%	61.86%	-201.35%	227.93%	2.65%	9.31%	-12.82%
EPS Growth	-48.03%	13.79%	26.67%	-33.97%	60.14%	-205.88%	226.07%	7.46%	22.40%	-9.79%
Operating Cash Flow Growth	-4.87%	-19.07%	12.55%	16.83%	-20.56%	-48.64%	225.23%	-35.54%	14.30%	28.75%
Free Cash Flow Firm Growth	-74.43%	49.10%	251.89%	-297.92%	123.27%	-13.50%	250.07%	-36.38%	1.61%	50.56%
Invested Capital Growth	19.91%	16.06%	-15.37%	152.70%	7.98%	-18.87%	-10.01%	6.65%	5.77%	-8.24%
Revenue Q/Q Growth	-3.06%	3.47%	-0.46%	6.33%	0.50%	-13.87%	18.59%	0.14%	-0.08%	-0.42%
EBITDA Q/Q Growth	-6.65%	9.84%	9.44%	0.19%	-1.47%	-297.87%	82.62%	-0.86%	6.01%	0.72%
EBIT Q/Q Growth	-8.98%	13.55%	10.71%	-0.86%	-2.74%	-396.13%	125.49%	-1.55%	2.86%	-3.54%
NOPAT Q/Q Growth	-12.68%	17.41%	14.05%	18.27%	-9.16%	-452.46%	118.57%	-0.92%	2.63%	-4.55%
Net Income Q/Q Growth	-13.65%	17.87%	13.48%	17.78%	-8.89%	-211.41%	144.92%	-1.27%	3.92%	-7.36%
EPS Q/Q Growth	-14.20%	17.86%	12.97%	17.95%	-9.43%	-196.20%	141.80%	2.26%	5.15%	-7.41%
Operating Cash Flow Q/Q Growth	-12.14%	9.03%	9.55%	9.58%	-21.84%	-35.98%	46.18%	-14.29%	20.16%	-10.31%
Free Cash Flow Firm Q/Q Growth	-79.11%	206.09%	22.96%	5.95%	-39.33%	-26.55%	68.89%	-10.58%	10.81%	-0.24%
Invested Capital Q/Q Growth	42.55%	1.36%	-4.35%	-2.83%	2.27%	-3.20%	-3.79%	-0.95%	-2.47%	-4.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.39%	67.93%	68.65%	65.45%	67.26%	65.29%	71.04%	69.57%	70.78%	73.29%
EBITDA Margin	19.32%	19.24%	22.28%	15.84%	17.96%	-6.37%	20.66%	20.43%	20.94%	20.47%
Operating Margin	14.74%	14.55%	17.54%	11.43%	13.60%	-11.10%	16.85%	17.59%	17.60%	17.09%
EBIT Margin	14.74%	14.55%	17.54%	11.41%	13.51%	-11.37%	16.86%	17.34%	17.58%	17.04%
Profit (Net Income) Margin	9.60%	10.25%	13.17%	6.76%	10.68%	-13.14%	14.52%	12.81%	14.05%	12.23%
Tax Burden Percent	65.79%	73.49%	77.87%	66.61%	83.97%	104.47%	92.97%	81.79%	81.88%	80.64%
Interest Burden Percent	98.96%	95.88%	96.39%	88.97%	94.12%	110.65%	92.63%	90.31%	97.64%	89.01%
Effective Tax Rate	34.21%	26.51%	22.13%	33.39%	16.03%	0.00%	7.03%	18.21%	18.12%	19.36%
Return on Invested Capital (ROIC)	30.61%	30.69%	39.51%	17.84%	18.41%	-10.97%	30.08%	32.84%	30.87%	29.99%
ROIC Less NNEP Spread (ROIC-NNEP)	30.99%	32.63%	41.22%	25.99%	5.92%	-53.89%	0.74%	-34.67%	27.97%	8.37%
Return on Net Nonoperating Assets (RNNOA)	-14.22%	-12.89%	-18.72%	-5.11%	0.63%	-11.56%	0.06%	-1.95%	10.15%	1.55%
Return on Equity (ROE)	16.39%	17.80%	20.79%	12.73%	19.04%	-22.53%	30.14%	30.89%	41.02%	31.54%
Cash Return on Invested Capital (CROIC)	12.51%	15.83%	56.16%	-68.75%	10.73%	9.87%	40.62%	26.40%	25.26%	38.58%
Operating Return on Assets (OROA)	14.84%	13.67%	14.68%	10.72%	12.01%	-7.62%	11.88%	14.82%	16.28%	11.08%
Return on Assets (ROA)	9.66%	9.63%	11.02%	6.36%	9.49%	-8.81%	10.23%	10.94%	13.02%	7.96%
Return on Common Equity (ROCE)	16.39%	17.80%	20.79%	12.73%	19.04%	-22.53%	30.14%	30.89%	41.02%	31.54%
Return on Equity Simple (ROE_SIMPLE)	16.16%	17.16%	19.69%	12.25%	18.31%	-28.65%	25.59%	37.47%	41.09%	28.17%
Net Operating Profit after Tax (NOPAT)	407	480	613	448	688	-386	900	962	960	919
NOPAT Margin	9.70%	10.69%	13.66%	7.61%	11.42%	-7.77%	15.66%	14.39%	14.41%	13.78%
Net Nonoperating Expense Percent (NNEP)	-0.37%	-1.94%	-1.71%	-8.15%	12.49%	42.92%	29.34%	67.50%	2.90%	21.63%
Cost of Revenue to Revenue	30.61%	32.07%	31.35%	34.55%	32.74%	34.71%	28.96%	30.43%	29.22%	26.71%
SG&A Expenses to Revenue	54.65%	53.38%	51.10%	54.02%	53.66%	66.76%	54.19%	51.98%	53.18%	56.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.65%	53.38%	51.10%	54.02%	53.66%	76.39%	54.19%	51.98%	53.18%	56.20%
Earnings before Interest and Taxes (EBIT)	618	654	787	671	814	-564	969	1,159	1,171	1,137
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	810	864	1,000	931	1,082	-316	1,187	1,365	1,395	1,366
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.04	3.33	3.61	3.48	2.28	1.39	3.32	3.17	4.20	3.39
Price to Tangible Book Value (P/TBV)	4.46	4.87	4.98	412.37	28.13	0.00	18.40	0.00	0.00	28.99
Price to Revenue (P/Rev)	1.80	1.99	2.42	1.92	1.33	0.64	1.88	1.08	1.44	1.47
Price to Earnings (P/E)	18.79	19.38	18.36	28.42	12.47	0.00	12.98	8.47	10.21	12.05
Dividend Yield	4.93%	4.21%	3.50%	3.44%	4.88%	11.82%	0.00%	3.47%	2.91%	3.27%
Earnings Yield	5.32%	5.16%	5.45%	3.52%	8.02%	0.00%	7.70%	11.81%	9.79%	8.30%
Enterprise Value to Invested Capital (EV/IC)	4.50	4.71	6.52	3.24	2.16	1.28	3.67	2.64	3.28	3.36
Enterprise Value to Revenue (EV/Rev)	1.56	1.76	2.07	1.98	1.39	0.81	1.81	1.19	1.57	1.48
Enterprise Value to EBITDA (EV/EBITDA)	8.05	9.17	9.27	12.51	7.76	0.00	8.76	5.85	7.51	7.23
Enterprise Value to EBIT (EV/EBIT)	10.55	12.13	11.77	17.37	10.31	0.00	10.74	6.89	8.95	8.68
Enterprise Value to NOPAT (EV/NOPAT)	16.04	16.50	15.12	26.03	12.20	0.00	11.56	8.31	10.92	10.73
Enterprise Value to Operating Cash Flow (EV/OCF)	6.96	10.45	10.86	11.68	10.59	9.89	7.86	9.36	10.74	7.86
Enterprise Value to Free Cash Flow (EV/FCFF)	39.26	31.99	10.64	0.00	20.92	11.60	8.56	10.33	13.34	8.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.33	0.53	0.49	0.46	1.01	0.49	0.74	0.73	2.50
Long-Term Debt to Equity	0.35	0.32	0.53	0.49	0.46	0.70	0.49	0.73	0.72	2.39
Financial Leverage	-0.46	-0.40	-0.45	-0.20	0.11	0.21	0.08	0.06	0.36	0.18
Leverage Ratio	1.70	1.85	1.89	2.00	2.01	2.56	2.95	2.82	3.15	3.96
Compound Leverage Factor	1.68	1.77	1.82	1.78	1.89	2.83	2.73	2.55	3.08	3.53
Debt to Total Capital	26.34%	24.62%	34.48%	33.03%	31.33%	50.25%	32.80%	42.52%	42.17%	71.42%
Short-Term Debt to Total Capital	0.33%	0.42%	0.00%	0.01%	0.02%	15.55%	0.00%	0.78%	0.63%	2.99%
Long-Term Debt to Total Capital	26.01%	24.20%	34.48%	33.02%	31.31%	34.70%	32.80%	41.73%	41.53%	68.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.66%	75.38%	65.52%	66.97%	68.67%	49.75%	67.20%	57.48%	57.83%	28.58%
Debt to EBITDA	1.10	1.01	1.58	1.72	1.48	-7.28	1.34	1.24	1.19	5.30
Net Debt to EBITDA	-1.29	-1.16	-1.58	0.38	0.34	-2.76	-0.36	0.54	0.66	0.03
Long-Term Debt to EBITDA	1.09	1.00	1.58	1.72	1.48	-5.03	1.34	1.22	1.17	5.08
Debt to NOPAT	2.19	1.82	2.58	3.58	2.33	-5.96	1.77	1.76	1.73	7.88
Net Debt to NOPAT	-2.56	-2.09	-2.58	0.78	0.54	-2.26	-0.47	0.77	0.96	0.04
Long-Term Debt to NOPAT	2.16	1.79	2.58	3.57	2.33	-4.12	1.77	1.73	1.70	7.55
Altman Z-Score	3.79	4.08	4.20	3.48	3.04	0.67	2.59	2.28	2.61	1.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.00	2.63	5.24	2.59	2.79	1.47	2.37	1.75	1.84	5.14
Quick Ratio	2.09	1.89	4.45	1.67	1.67	0.93	1.55	0.82	0.74	4.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	166	248	872	-1,725	401	347	1,215	773	786	1,183
Operating Cash Flow to CapEx	470.35%	191.37%	543.48%	373.04%	288.99%	198.15%	1,437.24%	908.63%	529.42%	1,152.98%
Free Cash Flow to Firm to Interest Expense	25.95	9.21	30.69	-23.31	8.38	5.78	17.02	6.88	28.46	9.46
Operating Cash Flow to Interest Expense	146.47	28.20	30.06	13.48	16.54	6.77	18.54	7.59	35.33	10.04
Operating Cash Flow Less CapEx to Interest Expense	115.33	13.46	24.53	9.87	10.82	3.35	17.25	6.76	28.66	9.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	0.94	0.84	0.94	0.89	0.67	0.70	0.85	0.93	0.65
Accounts Receivable Turnover	20.05	19.33	17.49	20.20	19.69	20.19	29.21	29.54	28.72	30.34
Inventory Turnover	2.54	3.05	3.03	3.55	2.72	2.27	2.26	2.35	2.03	2.04
Fixed Asset Turnover	5.80	5.44	5.57	7.46	6.61	0.00	0.00	0.00	12.01	12.36
Accounts Payable Turnover	6.81	7.04	7.38	8.85	7.77	9.20	5.78	4.21	4.15	4.10
Days Sales Outstanding (DSO)	18.20	18.88	20.87	18.07	18.54	18.08	12.50	12.35	12.71	12.03
Days Inventory Outstanding (DIO)	143.85	119.64	120.47	102.73	134.29	160.57	161.37	155.13	179.47	178.67
Days Payable Outstanding (DPO)	53.58	51.88	49.45	41.23	46.97	39.68	63.16	86.66	87.93	89.02
Cash Conversion Cycle (CCC)	108.47	86.64	91.89	79.57	105.86	138.97	110.71	80.82	104.25	101.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,449	1,681	1,423	3,595	3,882	3,150	2,834	3,023	3,197	2,934
Invested Capital Turnover	3.16	2.87	2.89	2.34	1.61	1.41	1.92	2.28	2.14	2.18
Increase / (Decrease) in Invested Capital	241	233	-258	2,173	287	-733	-315	189	174	-263
Enterprise Value (EV)	6,521	7,924	9,270	11,649	8,395	4,027	10,403	7,987	10,478	9,869
Market Capitalization	7,563	8,926	10,849	11,299	8,026	3,154	10,828	7,250	9,559	9,832
Book Value per Share	$9.01	$9.65	$10.68	$11.27	$12.11	$8.24	$11.69	$9.08	$9.83	$12.61
Tangible Book Value per Share	$6.14	$6.60	$7.76	$0.10	$0.98	($1.46)	$2.11	($1.28)	($1.34)	$1.48
Total Capital	3,380	3,559	4,581	4,845	5,116	4,576	4,850	3,976	3,939	10,138
Total Debt	890	876	1,580	1,601	1,603	2,299	1,591	1,690	1,661	7,241
Total Long-Term Debt	879	861	1,580	1,600	1,602	1,588	1,591	1,659	1,636	6,937
Net Debt	-1,041	-1,002	-1,579	351	369	873	-425	737	919	37
Capital Expenditures (CapEx)	199	396	157	267	274	205	92	94	184	109
Debt-free, Cash-free Net Working Capital (DFCFNWC)	157	42	116	245	406	96	-66	183	361	192
Debt-free Net Working Capital (DFNWC)	1,683	1,361	3,200	1,495	1,640	1,523	1,950	1,136	1,102	7,396
Net Working Capital (NWC)	1,672	1,346	3,200	1,494	1,639	811	1,950	1,105	1,077	7,092
Net Nonoperating Expense (NNE)	4.21	20	22	50	45	267	66	105	24	103
Net Nonoperating Obligations (NNO)	-1,041	-1,002	-1,579	351	369	873	-425	737	919	37
Total Depreciation and Amortization (D&A)	192	211	213	260	268	248	219	206	224	229
Debt-free, Cash-free Net Working Capital to Revenue	3.75%	0.93%	2.58%	4.17%	6.73%	1.94%	-1.15%	2.74%	5.41%	2.87%
Debt-free Net Working Capital to Revenue	40.15%	30.30%	71.29%	25.43%	27.20%	30.69%	33.93%	17.00%	16.54%	110.86%
Net Working Capital to Revenue	39.88%	29.97%	71.29%	25.42%	27.19%	16.35%	33.93%	16.53%	16.17%	106.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.46	$1.66	$2.11	$1.39	$2.22	($2.34)	$3.00	$3.24	$3.96	$3.56
Adjusted Weighted Average Basic Shares Outstanding	275.70M	277.60M	280.60M	285.40M	289.40M	278.60M	277.90M	264.30M	236.40M	229.20M
Adjusted Diluted Earnings per Share	$1.45	$1.65	$2.09	$1.38	$2.21	($2.34)	$2.95	$3.17	$3.88	$3.50
Adjusted Weighted Average Diluted Shares Outstanding	277.20M	279.30M	282.80M	288.60M	290.80M	278.60M	283M	270.10M	241.30M	233.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.22	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	276.63M	278.94M	282.58M	288.04M	286.85M	276.24M	279.58M	241.22M	227.44M	230.22M
Normalized Net Operating Profit after Tax (NOPAT)	407	480	613	448	688	-51	900	962	960	919
Normalized NOPAT Margin	9.70%	10.69%	13.66%	7.61%	11.42%	-1.03%	15.66%	14.39%	14.41%	13.78%
Pre Tax Income Margin	14.59%	13.95%	16.91%	10.15%	12.71%	-12.58%	15.62%	15.66%	17.16%	15.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	96.56	24.29	27.73	9.06	17.00	-9.39	13.57	10.31	42.42	9.10
NOPAT to Interest Expense	63.53	17.85	21.59	6.05	14.37	-6.42	12.60	8.56	34.78	7.36
EBIT Less CapEx to Interest Expense	65.42	9.56	22.19	5.45	11.27	-12.80	12.28	9.48	35.74	8.22
NOPAT Less CapEx to Interest Expense	32.39	3.12	16.06	2.44	8.65	-9.83	11.31	7.72	28.11	6.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	92.40%	81.32%	63.96%	96.63%	60.72%	-58.32%	0.00%	30.88%	30.27%	39.39%
Augmented Payout Ratio	92.40%	81.32%	63.96%	96.63%	76.27%	-104.32%	0.00%	217.73%	105.43%	39.39%

This table displays calculated financial ratios and metrics derived from Tapestry's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.59%	1.73%	-5.41%	5.01%	-0.33%	0.44%	2.92%	-1.80%	-1.75%	-0.38%	5.32%
EBITDA Growth	-7.26%	-16.36%	-7.65%	26.14%	12.90%	7.69%	8.01%	-10.95%	-13.92%	0.58%	7.53%
EBIT Growth	-7.04%	-16.80%	-7.59%	37.72%	13.56%	3.37%	6.47%	-12.12%	-15.27%	1.83%	8.31%
NOPAT Growth	-4.16%	-13.08%	-12.25%	38.07%	11.93%	-1.54%	8.14%	-11.24%	-18.88%	0.64%	23.78%
Net Income Growth	-5.51%	-13.93%	3.77%	52.16%	18.70%	-0.15%	-2.30%	-25.33%	-28.92%	-4.31%	-3.69%
EPS Growth	10.14%	-1.25%	18.26%	69.57%	25.00%	6.33%	2.21%	-23.08%	-29.47%	-5.95%	-0.72%
Operating Cash Flow Growth	-37.54%	-881.65%	-2.09%	317.41%	69.09%	144.19%	30.61%	-12.99%	-36.06%	58.70%	-38.78%
Free Cash Flow Firm Growth	-96.82%	-117.31%	-88.77%	-219.33%	229.34%	289.34%	830.59%	1,152.15%	711.80%	329.01%	-34.77%
Invested Capital Growth	6.65%	9.41%	9.44%	7.42%	5.77%	1.63%	-6.45%	-6.78%	-8.24%	-12.92%	2.64%
Revenue Q/Q Growth	13.04%	-7.29%	34.44%	-25.47%	7.29%	-6.56%	37.75%	-28.88%	7.33%	-5.25%	45.63%
EBITDA Q/Q Growth	33.77%	-0.07%	63.40%	-42.25%	19.73%	-4.68%	63.88%	-51.09%	15.74%	11.38%	75.20%
EBIT Q/Q Growth	44.38%	1.33%	74.38%	-46.02%	19.06%	-7.77%	79.63%	-55.45%	14.79%	10.85%	91.07%
NOPAT Q/Q Growth	49.77%	2.41%	57.39%	-42.80%	21.41%	-9.92%	72.87%	-53.05%	10.96%	11.75%	112.63%
Net Income Q/Q Growth	53.87%	3.44%	68.92%	-43.41%	20.03%	-12.99%	65.28%	-56.75%	14.28%	17.14%	66.35%
EPS Q/Q Growth	65.22%	3.95%	72.15%	-42.65%	21.79%	-11.58%	65.48%	-56.83%	11.67%	17.91%	74.68%
Operating Cash Flow Q/Q Growth	558.03%	-171.96%	471.36%	-82.24%	256.23%	-81.19%	997.61%	-88.17%	161.76%	-53.32%	323.43%
Free Cash Flow Firm Q/Q Growth	-45.90%	-576.87%	175.07%	-161.61%	249.33%	174.16%	268.93%	-30.34%	15.22%	44.89%	-43.91%
Invested Capital Q/Q Growth	-0.95%	11.71%	-7.02%	4.42%	-2.47%	7.34%	-14.42%	4.05%	-4.00%	1.86%	0.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.88%	70.00%	68.59%	72.76%	72.41%	72.54%	71.63%	74.70%	74.87%	75.28%	74.39%
EBITDA Margin	17.70%	19.08%	23.19%	17.97%	20.05%	20.45%	24.33%	16.29%	17.57%	20.65%	24.84%
Operating Margin	15.29%	16.88%	20.65%	14.99%	16.89%	16.73%	21.47%	13.78%	14.77%	16.72%	22.45%
EBIT Margin	14.79%	16.17%	20.97%	15.19%	16.86%	16.64%	21.70%	13.59%	14.54%	17.01%	22.31%
Profit (Net Income) Margin	11.62%	12.96%	16.29%	12.37%	13.84%	12.89%	15.46%	9.40%	10.01%	12.38%	14.14%
Tax Burden Percent	82.63%	82.68%	79.13%	83.65%	84.00%	81.76%	79.96%	82.24%	79.33%	82.68%	89.89%
Interest Burden Percent	95.05%	96.96%	98.14%	97.34%	97.73%	94.72%	89.12%	84.12%	86.81%	88.03%	70.48%
Effective Tax Rate	17.37%	17.32%	20.87%	16.35%	16.00%	18.24%	20.04%	17.76%	20.67%	17.32%	10.11%
Return on Invested Capital (ROIC)	28.84%	28.98%	35.87%	26.41%	30.39%	26.80%	38.01%	23.98%	25.50%	28.70%	45.95%
ROIC Less NNEP Spread (ROIC-NNEP)	18.25%	26.15%	35.60%	26.07%	29.70%	25.67%	31.56%	19.56%	19.82%	24.44%	32.39%
Return on Net Nonoperating Assets (RNNOA)	1.03%	5.12%	5.21%	8.32%	10.78%	11.75%	7.00%	5.03%	3.66%	4.63%	15.84%
Return on Equity (ROE)	29.87%	34.10%	41.08%	34.74%	41.18%	38.54%	45.02%	29.01%	29.16%	33.33%	61.80%
Cash Return on Invested Capital (CROIC)	26.40%	19.79%	20.38%	22.40%	25.26%	26.49%	39.08%	37.44%	38.58%	42.49%	31.04%
Operating Return on Assets (OROA)	12.64%	14.38%	18.21%	14.14%	15.61%	15.60%	13.85%	8.79%	9.46%	10.86%	14.36%
Return on Assets (ROA)	9.93%	11.53%	14.14%	11.51%	12.82%	12.08%	9.87%	6.08%	6.51%	7.91%	9.10%
Return on Common Equity (ROCE)	29.87%	34.10%	41.08%	34.74%	41.18%	38.54%	45.02%	29.01%	29.16%	33.33%	61.80%
Return on Equity Simple (ROE_SIMPLE)	0.00%	36.57%	36.17%	39.79%	0.00%	38.73%	34.89%	31.74%	0.00%	27.08%	59.54%
Net Operating Profit after Tax (NOPAT)	205	210	331	189	230	207	358	168	186	208	443
NOPAT Margin	12.64%	13.96%	16.34%	12.54%	14.19%	13.68%	17.17%	11.33%	11.72%	13.82%	20.18%
Net Nonoperating Expense Percent (NNEP)	10.59%	2.83%	0.27%	0.34%	0.69%	1.12%	6.45%	4.42%	5.68%	4.25%	13.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	3.44%	-	-	-	11.03%
Cost of Revenue to Revenue	31.12%	30.00%	31.41%	27.24%	27.59%	27.46%	28.37%	25.30%	25.13%	24.72%	25.61%
SG&A Expenses to Revenue	53.58%	53.12%	47.95%	57.77%	55.52%	55.81%	50.16%	60.92%	60.10%	58.57%	51.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.58%	53.12%	47.95%	57.77%	55.52%	55.81%	50.16%	60.92%	60.10%	58.57%	51.94%
Earnings before Interest and Taxes (EBIT)	240	244	425	229	273	252	452	202	231	256	490
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	288	287	470	271	325	310	507	242	280	311	545
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.17	2.87	3.77	4.30	4.20	2.61	3.08	3.89	3.39	3.70	11.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	117.51	53.11	28.99	27.74	0.00
Price to Revenue (P/Rev)	1.08	0.96	1.32	1.46	1.44	0.95	1.22	1.61	1.47	1.66	2.27
Price to Earnings (P/E)	8.47	7.84	10.42	10.81	10.21	6.75	8.83	12.26	12.05	13.67	19.29
Dividend Yield	3.47%	3.92%	3.04%	2.79%	2.91%	4.50%	3.64%	2.87%	3.27%	2.92%	2.13%
Earnings Yield	11.81%	12.76%	9.60%	9.25%	9.79%	14.82%	11.33%	8.15%	8.30%	7.32%	5.18%
Enterprise Value to Invested Capital (EV/IC)	2.64	2.25	3.04	3.28	3.28	2.14	2.88	3.63	3.36	3.70	5.65
Enterprise Value to Revenue (EV/Rev)	1.19	1.13	1.45	1.61	1.57	1.10	1.26	1.65	1.48	1.66	2.51
Enterprise Value to EBITDA (EV/EBITDA)	5.85	5.84	7.58	8.17	7.51	5.38	6.11	8.17	7.23	8.07	12.11
Enterprise Value to EBIT (EV/EBIT)	6.89	6.83	8.88	9.45	8.95	6.22	7.02	9.40	8.68	9.67	14.44
Enterprise Value to NOPAT (EV/NOPAT)	8.31	8.15	10.81	11.50	10.92	7.66	8.60	11.51	10.73	12.00	17.01
Enterprise Value to Operating Cash Flow (EV/OCF)	9.36	11.47	14.74	13.25	10.74	6.00	5.99	7.92	7.86	8.50	17.39
Enterprise Value to Free Cash Flow (EV/FCFF)	10.33	11.86	15.59	15.17	13.34	8.13	7.13	9.35	8.34	8.10	18.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.74	0.72	0.74	0.73	0.69	2.91	2.77	2.50	2.45	2.01
Long-Term Debt to Equity	0.73	0.73	0.71	0.73	0.72	0.67	2.90	2.77	2.39	2.35	1.78
Financial Leverage	0.06	0.20	0.15	0.32	0.36	0.46	0.22	0.26	0.18	0.19	0.49
Leverage Ratio	2.82	2.79	2.90	2.98	3.15	3.04	4.24	4.11	3.96	3.87	5.27
Compound Leverage Factor	2.68	2.71	2.84	2.91	3.08	2.88	3.78	3.46	3.44	3.40	3.72
Debt to Total Capital	42.52%	42.67%	41.96%	42.41%	42.17%	40.65%	74.42%	73.50%	71.42%	71.03%	66.73%
Short-Term Debt to Total Capital	0.78%	0.64%	0.63%	0.64%	0.63%	0.61%	0.24%	0.24%	2.99%	2.95%	7.55%
Long-Term Debt to Total Capital	41.73%	42.03%	41.34%	41.77%	41.53%	40.04%	74.18%	73.27%	68.43%	68.08%	59.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.48%	57.33%	58.04%	57.59%	57.83%	59.35%	25.58%	26.50%	28.58%	28.97%	33.27%
Debt to EBITDA	1.24	1.29	1.33	1.27	1.19	1.22	5.58	5.68	5.30	5.35	1.91
Net Debt to EBITDA	0.54	0.86	0.66	0.77	0.66	0.75	0.20	0.21	0.03	0.00	1.19
Long-Term Debt to EBITDA	1.22	1.27	1.31	1.25	1.17	1.20	5.57	5.66	5.08	5.12	1.69
Debt to NOPAT	1.76	1.80	1.89	1.78	1.73	1.73	7.86	7.99	7.88	7.94	2.68
Net Debt to NOPAT	0.77	1.21	0.94	1.08	0.96	1.06	0.28	0.29	0.04	0.01	1.68
Long-Term Debt to NOPAT	1.73	1.78	1.87	1.76	1.70	1.70	7.83	7.97	7.55	7.61	2.38
Altman Z-Score	1.86	1.82	2.14	2.25	2.19	1.84	1.61	1.71	1.68	1.74	2.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.75	1.82	1.87	1.94	1.84	2.02	6.25	6.59	5.14	4.93	1.58
Quick Ratio	0.82	0.63	0.82	0.78	0.74	0.76	5.32	5.63	4.34	4.09	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17	-80	60	-37	55	152	560	390	450	652	366
Operating Cash Flow to CapEx	1,259.57%	-624.18%	776.44%	275.49%	1,157.23%	360.29%	3,625.00%	514.74%	554.11%	466.80%	1,637.54%
Free Cash Flow to Firm to Interest Expense	1.41	-10.84	7.62	-6.08	8.94	11.42	11.39	12.20	14.75	21.23	2.53
Operating Cash Flow to Interest Expense	19.90	-23.03	80.10	18.43	64.58	5.66	16.80	3.06	8.39	3.89	3.50
Operating Cash Flow Less CapEx to Interest Expense	18.32	-26.72	69.78	11.74	59.00	4.09	16.34	2.46	6.88	3.06	3.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.89	0.87	0.93	0.93	0.94	0.64	0.65	0.65	0.64	0.64
Accounts Receivable Turnover	29.54	26.50	24.18	27.56	28.72	24.95	26.99	25.89	30.34	24.51	24.96
Inventory Turnover	2.35	2.12	2.35	2.17	2.03	1.83	2.07	2.08	2.04	1.76	1.94
Fixed Asset Turnover	0.00	0.00	0.00	0.00	12.01	12.51	12.12	12.22	12.36	12.66	13.06
Accounts Payable Turnover	4.21	4.48	4.48	4.95	4.15	4.26	4.15	5.19	4.10	3.74	3.50
Days Sales Outstanding (DSO)	12.35	13.77	15.10	13.24	12.71	14.63	13.52	14.10	12.03	14.89	14.62
Days Inventory Outstanding (DIO)	155.13	172.32	155.45	168.14	179.47	199.00	176.23	175.47	178.67	207.11	188.09
Days Payable Outstanding (DPO)	86.66	81.39	81.51	73.72	87.93	85.76	88.04	70.27	89.02	97.66	104.25
Cash Conversion Cycle (CCC)	80.82	104.70	89.04	107.66	104.25	127.87	101.71	119.30	101.68	124.34	98.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,023	3,377	3,140	3,278	3,197	3,432	2,937	3,056	2,934	2,988	3,014
Invested Capital Turnover	2.28	2.08	2.20	2.11	2.14	1.96	2.21	2.12	2.18	2.08	2.28
Increase / (Decrease) in Invested Capital	189	291	271	226	174	55	-203	-222	-263	-443	77
Enterprise Value (EV)	7,987	7,584	9,545	10,753	10,478	7,331	8,468	11,083	9,869	11,043	17,028
Market Capitalization	7,250	6,463	8,719	9,738	9,559	6,315	8,191	10,803	9,832	11,037	15,350
Book Value per Share	$9.08	$9.35	$9.60	$9.59	$9.83	$10.62	$11.61	$12.10	$12.61	$12.95	$5.74
Tangible Book Value per Share	($1.28)	($1.37)	($1.24)	($1.46)	($1.34)	($0.71)	$0.30	$0.89	$1.48	$1.73	($5.23)
Total Capital	3,976	3,934	3,986	3,930	3,939	4,071	10,399	10,474	10,138	10,294	4,017
Total Debt	1,690	1,678	1,673	1,667	1,661	1,655	7,739	7,699	7,241	7,312	2,681
Total Long-Term Debt	1,659	1,653	1,648	1,642	1,636	1,630	7,714	7,674	6,937	7,008	2,377
Net Debt	737	1,121	826	1,015	919	1,016	277	281	37	6.50	1,678
Capital Expenditures (CapEx)	19	27	82	41	35	21	23	19	46	26	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	183	547	339	446	361	601	158	238	192	290	321
Debt-free Net Working Capital (DFNWC)	1,136	1,104	1,185	1,098	1,102	1,240	7,620	7,656	7,396	7,595	1,324
Net Working Capital (NWC)	1,105	1,079	1,160	1,073	1,077	1,215	7,595	7,631	7,092	7,292	1,021
Net Nonoperating Expense (NNE)	17	15	1.03	2.59	5.71	12	36	29	27	22	133
Net Nonoperating Obligations (NNO)	737	1,121	826	1,015	919	1,016	277	281	37	6.50	1,678
Total Depreciation and Amortization (D&A)	47	44	45	42	52	58	55	40	48	55	56
Debt-free, Cash-free Net Working Capital to Revenue	2.74%	8.15%	5.14%	6.69%	5.41%	9.01%	2.34%	3.55%	2.87%	4.35%	4.74%
Debt-free Net Working Capital to Revenue	17.00%	16.45%	17.97%	16.47%	16.54%	18.59%	113.28%	114.28%	110.86%	113.95%	19.54%
Net Working Capital to Revenue	16.53%	16.08%	17.59%	16.09%	16.17%	18.22%	112.91%	113.90%	106.31%	109.39%	15.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$0.81	$1.38	$0.80	$0.97	$0.85	$1.41	$0.61	$0.69	$0.81	$1.41
Adjusted Weighted Average Basic Shares Outstanding	264.30M	241.50M	239.30M	234.60M	236.40M	228.30M	229.30M	229.50M	229.20M	231.50M	219.90M
Adjusted Diluted Earnings per Share	$0.76	$0.79	$1.36	$0.78	$0.95	$0.84	$1.39	$0.60	$0.67	$0.79	$1.38
Adjusted Weighted Average Diluted Shares Outstanding	270.10M	246.80M	243.30M	239.70M	241.30M	232.50M	231.70M	234.20M	233.20M	235.90M	224.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	241.22M	240.96M	236.08M	231.80M	227.44M	229.19M	229.37M	229.77M	230.22M	233.04M	207.02M
Normalized Net Operating Profit after Tax (NOPAT)	205	210	331	189	230	207	358	168	186	208	443
Normalized NOPAT Margin	12.64%	13.96%	16.34%	12.54%	14.19%	13.68%	17.17%	11.33%	11.72%	13.82%	20.18%
Pre Tax Income Margin	14.06%	15.68%	20.58%	14.79%	16.47%	15.76%	19.34%	11.43%	12.62%	14.97%	15.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.20	32.92	53.77	37.59	44.03	18.93	9.19	6.30	7.58	8.35	3.39
NOPAT to Interest Expense	17.25	28.41	41.89	31.03	37.07	15.57	7.27	5.25	6.11	6.79	3.06
EBIT Less CapEx to Interest Expense	18.62	29.23	43.46	30.90	38.45	17.36	8.73	5.70	6.07	7.52	3.17
NOPAT Less CapEx to Interest Expense	15.67	24.73	31.57	24.34	31.49	13.99	6.81	4.66	4.60	5.95	2.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.88%	32.44%	32.40%	30.62%	30.27%	31.08%	32.27%	35.20%	39.39%	39.95%	39.56%
Augmented Payout Ratio	217.73%	207.64%	169.85%	125.24%	105.43%	31.08%	75.75%	58.07%	39.39%	39.95%	242.28%

Frequently Asked Questions About Tapestry's Financials

When does Tapestry's financial year end?

According to the most recent income statement we have on file, Tapestry's fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Tapestry's net income changed over the last 9 years?

Tapestry's net income appears to be on an upward trend, with a most recent value of $816 million in 2024, rising from $402.40 million in 2015. The previous period was $936 million in 2023.

What is Tapestry's operating income?

Tapestry's total operating income in 2024 was $1.14 billion, based on the following breakdown:

Total Gross Profit: $4.89 billion
Total Operating Expenses: $3.75 billion

How has Tapestry revenue changed over the last 9 years?

Over the last 9 years, Tapestry's total revenue changed from $4.19 billion in 2015 to $6.67 billion in 2024, a change of 59.2%.

How much debt does Tapestry have?

Tapestry's total liabilities were at $10.50 billion at the end of 2024, a 117.0% increase from 2023, and a 382.3% increase since 2015.

How much cash does Tapestry have?

In the past 9 years, Tapestry's cash and equivalents has ranged from $726.10 million in 2023 to $6.14 billion in 2024, and is currently $6.14 billion as of their latest financial filing in 2024.

How has Tapestry's book value per share changed over the last 9 years?

Over the last 9 years, Tapestry's book value per share changed from 9.01 in 2015 to 12.61 in 2024, a change of 39.9%.

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This page (NYSE:TPR) was last updated on 4/13/2025 by MarketBeat.com Staff

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