Tapestry Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tapestry Inc has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 17.6% the prior year.
Tapestry Inc's revenue grew 5.3% year-over-year to $7.0B, a solid pace of expansion. This earns a growth score of 44/100.
Tapestry Inc has elevated debt relative to equity (D/E of 2.79), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 8/100, reflecting increased financial risk.
Tapestry Inc's current ratio of 1.87 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.
Tapestry Inc converts 15.6% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 78/100.
Tapestry Inc earns a strong 21.4% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is down from 38.8% the prior year.
Tapestry Inc scores 4.24, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($31.1B) relative to total liabilities ($5.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Tapestry Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tapestry Inc generates $6.64 in operating cash flow ($1.2B OCF vs $183.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tapestry Inc earns $1.5 in operating income for every $1 of interest expense ($415.0M vs $271.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Tapestry Inc (TPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Tapestry Inc generated $7.0B in revenue in fiscal year 2025. This represents an increase of 5.3% from the prior year.
Tapestry Inc's EBITDA was $577.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 57.3% from the prior year.
Tapestry Inc generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 38.3% from the prior year.
Tapestry Inc reported $183.2M in net income in fiscal year 2025. This represents a decrease of 80.4% from the prior year.
Tapestry Inc earned $0.82 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 78.9% from the prior year.
Tapestry Inc held $1.1B in cash against $2.4B in long-term debt as of fiscal year 2025.
Tapestry Inc paid $1.40 per share in dividends in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Tapestry Inc had 208M shares outstanding in fiscal year 2025. This represents a decrease of 9.2% from the prior year.
Tapestry Inc's gross margin was 75.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.7 percentage points from the prior year.
Tapestry Inc's operating margin was 5.9% in fiscal year 2025, reflecting core business profitability. This is down 11.7 percentage points from the prior year.
Tapestry Inc's net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.4 percentage points from the prior year.
Tapestry Inc's ROE was 21.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.4 percentage points from the prior year.
Tapestry Inc spent $1.7B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 144.3% from the prior year.
Tapestry Inc invested $122.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 33.4% from the prior year.
TPR Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B+46.8% | $1.7B+7.6% | $1.6B-27.8% | $2.2B+45.6% | $1.5B+1.7% | $1.5B-28.9% | $2.1B+37.8% | $1.5B |
| Cost of Revenue | $614.0M+51.9% | $404.1M+6.7% | $378.8M-32.6% | $562.3M+50.9% | $372.6M-0.6% | $375.0M-36.6% | $591.3M+42.3% | $415.5M |
| Gross Profit | $1.9B+45.2% | $1.3B+7.9% | $1.2B-26.2% | $1.6B+43.9% | $1.1B+2.5% | $1.1B-25.8% | $1.5B+36.0% | $1.1B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.2B+20.5% | $972.3M+2.1% | $952.1M-16.5% | $1.1B+29.2% | $882.9M-2.2% | $903.1M-13.6% | $1.0B+23.8% | $844.5M |
| Operating Income | $716.4M+118.3% | $328.2M+29.4% | $253.7M-48.5% | $492.8M+95.6% | $252.0M+23.3% | $204.3M-54.4% | $447.6M+76.8% | $253.2M |
| Interest Expense | $30.9M+2.7% | $30.1M-8.2% | $32.8M-61.8% | $85.8M-30.4% | $123.2M-5.3% | $130.1M+46.8% | $88.6M+297.3% | $22.3M |
| Income Tax | $135.8M+209.3% | $43.9M+22.6% | $35.8M+2.6% | $34.9M-10.7% | $39.1M+29.9% | $30.1M-62.7% | $80.8M+85.7% | $43.5M |
| Net Income | $561.3M+104.3% | $274.8M+35.2% | $203.3M-34.5% | $310.4M+66.3% | $186.6M+33.9% | $139.4M-56.7% | $322.3M+65.3% | $195.0M |
| EPS (Diluted) | $2.68+109.4% | $1.28+34.7% | $0.95-31.2% | $1.38+74.7% | $0.79+31.7% | $0.60-56.8% | $1.39+65.5% | $0.84 |
TPR Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B+2.6% | $6.4B-12.9% | $7.3B+0.7% | $7.3B-47.2% | $13.7B0.0% | $13.7B-0.6% | $13.8B+93.4% | $7.1B |
| Current Assets | $2.8B+6.5% | $2.6B-8.4% | $2.9B+3.2% | $2.8B-69.7% | $9.1B+1.7% | $9.0B-0.5% | $9.0B+275.4% | $2.4B |
| Cash & Equivalents | $1.1B+46.4% | $719.5M-30.7% | $1.0B+5.5% | $983.4M-84.8% | $6.5B-7.3% | $7.0B+2.1% | $6.8B+998.4% | $622.1M |
| Inventory | $896.4M-12.0% | $1.0B+16.6% | $873.5M-6.8% | $937.3M-9.1% | $1.0B+25.1% | $824.1M-0.1% | $824.9M-12.5% | $942.5M |
| Accounts Receivable | $338.0M+16.8% | $289.5M+13.2% | $255.8M-14.0% | $297.4M+6.6% | $279.0M+0.8% | $276.7M+12.7% | $245.6M-7.3% | $264.8M |
| Goodwill | $966.7M-0.9% | $975.4M-19.8% | $1.2B+0.9% | $1.2B-2.2% | $1.2B+1.3% | $1.2B-1.4% | $1.2B+1.2% | $1.2B |
| Total Liabilities | $6.0B+0.3% | $6.0B+2.6% | $5.8B-1.7% | $5.9B-45.0% | $10.7B-1.9% | $11.0B-1.8% | $11.2B+136.0% | $4.7B |
| Current Liabilities | $1.7B-0.1% | $1.7B+5.6% | $1.6B-7.0% | $1.8B-5.5% | $1.9B+35.7% | $1.4B-5.6% | $1.4B+21.2% | $1.2B |
| Long-Term Debt | $2.4B0.0% | $2.4B0.0% | $2.4B0.0% | $2.4B-66.1% | $7.1B-8.7% | $7.7B-0.6% | $7.8B+375.6% | $1.6B |
| Total Equity | $551.2M+38.0% | $399.5M-73.3% | $1.5B+11.8% | $1.3B-55.2% | $3.0B+7.5% | $2.8B+4.3% | $2.7B+10.1% | $2.4B |
| Retained Earnings | -$3.3B+2.3% | -$3.4B-75.8% | -$1.9B+3.9% | -$2.0B-222.8% | -$617.0M+23.0% | -$801.0M+6.8% | -$859.9M+22.0% | -$1.1B |
TPR Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B+860.1% | $112.6M-22.0% | $144.3M-71.5% | $506.0M+323.4% | $119.5M+22.2% | $97.8M-88.2% | $826.5M+997.6% | $75.3M |
| Capital Expenditures | $43.6M+34.6% | $32.4M+4.9% | $30.9M0.0% | $30.9M+20.7% | $25.6M+34.7% | $19.0M-16.7% | $22.8M+9.1% | $20.9M |
| Free Cash Flow | $1.0B+1193.6% | $80.2M-29.3% | $113.4M-76.1% | $475.1M+406.0% | $93.9M+19.2% | $78.8M-90.2% | $803.7M+1377.4% | $54.4M |
| Investing Cash Flow | -$43.4M-162.6% | $69.3M+322.1% | -$31.2M-104.0% | $789.3M+315.2% | $190.1M+12.6% | $168.9M+126.7% | -$632.2M-2672.8% | -$22.8M |
| Financing Cash Flow | -$705.7M-28.1% | -$550.8M-1589.6% | -$32.6M+99.5% | -$6.7B-8895.0% | -$74.5M+1.5% | -$75.6M-101.3% | $6.0B+4088.4% | -$149.4M |
| Dividends Paid | $81.3M-2.4% | $83.3M+14.6% | $72.7M+0.4% | $72.4M-11.1% | $81.4M+1.1% | $80.5M+0.4% | $80.2M0.0% | $80.2M |
| Share Buybacks | $403.5M-42.2% | $698.2M+1235.0% | $52.3M-96.8% | $1.6B | $0 | $0 | $0 | $0 |
TPR Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5%-0.8pp | 76.3%+0.2pp | 76.1%+1.7pp | 74.4%-0.9pp | 75.3%+0.6pp | 74.7%+3.1pp | 71.6%-0.9pp | 72.5% |
| Operating Margin | 28.6%+9.4pp | 19.3%+3.2pp | 16.0%-6.4pp | 22.4%+5.7pp | 16.7%+2.9pp | 13.8%-7.7pp | 21.5%+4.7pp | 16.7% |
| Net Margin | 22.4%+6.3pp | 16.1%+3.3pp | 12.8%-1.3pp | 14.1%+1.8pp | 12.4%+3.0pp | 9.4%-6.1pp | 15.5%+2.6pp | 12.9% |
| Return on Equity | 101.8%+33.0pp | 68.8%+55.2pp | 13.6%-9.6pp | 23.2%+17.0pp | 6.3%+1.2pp | 5.0%-7.1pp | 12.1%+4.1pp | 8.1% |
| Return on Assets | 8.6%+4.3pp | 4.3%+1.5pp | 2.8%-1.5pp | 4.3%+2.9pp | 1.4%+0.3pp | 1.0%-1.3pp | 2.3%-0.4pp | 2.7% |
| Current Ratio | 1.63+0.1 | 1.52-0.2 | 1.76+0.2 | 1.58-3.4 | 4.93-1.7 | 6.59+0.3 | 6.25+4.2 | 2.02 |
| Debt-to-Equity | 4.35-1.7 | 6.00+4.4 | 1.60-0.2 | 1.79-0.6 | 2.37-0.4 | 2.79-0.1 | 2.93+2.3 | 0.68 |
| FCF Margin | 41.5%+36.8pp | 4.7%-2.5pp | 7.2%-14.5pp | 21.6%+15.4pp | 6.2%+0.9pp | 5.3%-33.2pp | 38.6%+35.0pp | 3.6% |
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Frequently Asked Questions
What is Tapestry Inc's annual revenue?
Tapestry Inc (TPR) reported $7.0B in total revenue for fiscal year 2025. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tapestry Inc's revenue growing?
Tapestry Inc (TPR) revenue grew by 5.3% year-over-year, from $6.7B to $7.0B in fiscal year 2025.
Is Tapestry Inc profitable?
Yes, Tapestry Inc (TPR) reported a net income of $183.2M in fiscal year 2025, with a net profit margin of 2.6%.
What is Tapestry Inc's earnings per share (EPS)?
Tapestry Inc (TPR) reported diluted earnings per share of $0.82 for fiscal year 2025. This represents a -78.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tapestry Inc's EBITDA?
Tapestry Inc (TPR) had EBITDA of $577.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tapestry Inc have?
As of fiscal year 2025, Tapestry Inc (TPR) had $1.1B in cash and equivalents against $2.4B in long-term debt.
What is Tapestry Inc's gross margin?
Tapestry Inc (TPR) had a gross margin of 75.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tapestry Inc's operating margin?
Tapestry Inc (TPR) had an operating margin of 5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tapestry Inc's net profit margin?
Tapestry Inc (TPR) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Tapestry Inc pay dividends?
Yes, Tapestry Inc (TPR) paid $1.40 per share in dividends during fiscal year 2025.
What is Tapestry Inc's return on equity (ROE)?
Tapestry Inc (TPR) has a return on equity of 21.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tapestry Inc's free cash flow?
Tapestry Inc (TPR) generated $1.1B in free cash flow during fiscal year 2025. This represents a 38.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tapestry Inc's operating cash flow?
Tapestry Inc (TPR) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tapestry Inc's total assets?
Tapestry Inc (TPR) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tapestry Inc's capital expenditures?
Tapestry Inc (TPR) invested $122.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Tapestry Inc buy back shares?
Yes, Tapestry Inc (TPR) spent $1.7B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Tapestry Inc have outstanding?
Tapestry Inc (TPR) had 208M shares outstanding as of fiscal year 2025.
What is Tapestry Inc's current ratio?
Tapestry Inc (TPR) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.
What is Tapestry Inc's debt-to-equity ratio?
Tapestry Inc (TPR) had a debt-to-equity ratio of 2.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tapestry Inc's return on assets (ROA)?
Tapestry Inc (TPR) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tapestry Inc's Altman Z-Score?
Tapestry Inc (TPR) has an Altman Z-Score of 4.24, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tapestry Inc's Piotroski F-Score?
Tapestry Inc (TPR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tapestry Inc's earnings high quality?
Tapestry Inc (TPR) has an earnings quality ratio of 6.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tapestry Inc cover its interest payments?
Tapestry Inc (TPR) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tapestry Inc?
Tapestry Inc (TPR) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.