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Tapestry, Inc. TPR Gross margin

Gross margin at other companies

Ralph Lauren logo
Ralph LaurenRL
69.9%+1.3pp
TJX Companies logo
TJX CompaniesTJX
31.4%+0.9pp

Other financials

Income statement

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Revenue$1.9B+21.2%
Gross profit$1.5B+22.5%
Operating income$427.5M+68.5%
Net income$343.8M+69.1%
EPS (diluted)$1.65+73.7%

Balance sheet

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Cash & equivalents$1.0B+0.9%
Total debt$3.9B-4.5%
Total equity$682.4M-54.3%
Total assets$6.5B-11.5%

Cash flow

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Operating cash flow$262.6M+82.0%
CapEx$36.8M+19.1%
Free cash flow$225.8M+99.1%

Valuation

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Market cap$29.47B+96.0%
Enterprise value$32.37B+78.1%
P/E21.3×+5.8×
P/S3.8×+1.6×

Profitability

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Operating margin17.9%+0.3pp
Net margin12.5%-0.7pp

Returns & leverage

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Return on equity40.3%+5.3pp
Debt / equity5.8×+3.0×
Current ratio1.8×+0.1×

Where this comes from

Calculated from Tapestry, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Tapestry, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tapestry, Inc.'s gross margin?
Tapestry, Inc. (TPR) reported gross margin of 76.2% in Q1 2026.
How has Tapestry, Inc.'s gross margin changed year-over-year?
Tapestry, Inc.'s gross margin increased by 1.5% year-over-year, from 75.1% to 76.2%.
What is the long-term trend for Tapestry, Inc.'s gross margin?
Over 4 years (2021 to 2025), Tapestry, Inc.'s gross margin has grown at a 2.2% compound annual growth rate (CAGR), from 274.7% to 299.2%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.