Ralph Lauren Corporation key statistics and ratios

In fiscal 2026, Ralph Lauren Corporation had return on equity of 34.7%, an operating margin of 14.5%, debt equal to 43.6% of equity and a current ratio of 2.13. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ralph Lauren Corporation: financial ratios, annual
Fiscal year	2010Apr 2010	2011Apr 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Apr 2016	2017Apr 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Apr 2022	2023Apr 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	58.2%	58.6%	58.3%	59.8%	57.9%	57.5%	56.5%	54.9%	60.7%	61.6%	59.3%	65.0%	66.7%	64.7%	66.8%	68.6%	69.9%	70.3%
Operating margin	14.2%	14.9%	15.1%	16.2%	15.2%	13.6%	7.9%	−1.4%	8.1%	8.9%	5.1%	−1.0%	12.8%	10.9%	11.4%	13.2%	14.5%	14.9%
Net margin	9.6%	10.0%	9.9%	10.8%	10.4%	9.2%	5.4%	−1.5%	2.6%	6.8%	6.2%	−2.8%	9.7%	8.1%	9.7%	10.5%	11.6%	11.8%
Free-cash-flow margin	14.2%	7.7%	8.9%	10.7%	6.9%	6.6%	8.1%	10.0%	13.2%	9.3%	7.9%	6.2%	8.8%	3.0%	13.6%	14.4%	14.2%	15.8%
Return on equity	15.4%	17.7%	19.6%	20.2%	19.8%	17.7%	10.4%	−2.8%	4.8%	12.8%	12.9%	−4.6%	23.3%	21.0%	26.5%	29.5%	34.7%	35.3%
Return on assets	10.3%	11.8%	13.1%	13.8%	13.5%	11.5%	6.4%	−1.7%	2.8%	7.1%	5.8%	−1.6%	7.7%	7.2%	9.7%	10.9%	12.7%	12.8%
Asset turnover	1.07	1.18	1.32	1.28	1.29	1.25	1.20	1.12	1.05	1.04	0.93	0.58	0.80	0.89	0.99	1.04	1.10	1.09
Current ratio	3.05	2.98	3.06	2.64	3.43	2.80	2.55	2.55	2.24	3.00	1.61	2.66	1.87	2.23	2.29	1.78	2.13	2.04
Debt to equity	9.1%	8.8%	7.5%	7.1%	7.4%	13.7%	19.0%	17.8%	17.2%	21.0%	43.5%	62.7%	64.5%	46.8%	46.5%	44.1%	43.6%	45.5%
Interest cover (operating income ÷ interest)	31.8x	46.2x	43.3x	51.2x	56.5x	62.0x	27.8x	n/m	27.4x	27.1x	18.0x	n/m	14.8x	17.4x	17.9x	21.1x	21.8x	22.4x
Effective tax rate	30.4%	31.2%	32.9%	31.1%	29.2%	28.9%	28.2%	—	66.7%	26.0%	−17.7%	—	20.5%	24.5%	16.9%	21.9%	20.1%	20.9%
SG&A as % of revenue	43.3%	43.2%	42.5%	42.8%	42.2%	43.3%	46.1%	47.7%	50.1%	50.2%	52.6%	60.0%	53.2%	52.9%	54.3%	54.6%	53.9%	53.9%
Capital spending as % of revenue	4.0%	4.5%	4.0%	4.0%	5.2%	5.1%	5.6%	4.3%	2.6%	3.1%	4.4%	2.4%	2.7%	3.4%	2.5%	3.1%	0.0%	0.0%
Free cash flow ÷ net income	147.1%	76.4%	90.0%	99.1%	66.6%	71.5%	151.1%	—	499.7%	136.0%	126.0%	—	91.5%	37.0%	140.0%	137.2%	122.6%	134.0%
Dividends ÷ net income	5.2%	6.8%	10.9%	17.1%	19.2%	22.5%	43.0%	—	99.8%	44.3%	53.1%	—	25.0%	37.9%	30.1%	27.1%	23.0%	22.4%
Dividends and buybacks ÷ free cash flow	36.3%	146.0%	80.4%	84.1%	136.8%	137.4%	112.0%	56.8%	22.1%	118.3%	185.6%	32.0%	117.0%	355.0%	71.2%	66.9%	72.8%	64.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Ralph Lauren Corporation: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	67.0%	68.4%	68.7%	72.3%	68.0%	69.9%	69.7%	73.7%
Operating margin	10.4%	18.2%	9.1%	15.9%	12.2%	19.6%	9.5%	17.5%
Net margin	8.6%	13.9%	7.6%	12.8%	10.3%	15.0%	7.7%	13.4%
Free-cash-flow margin	3.2%	31.6%	2.5%	−0.7%	−2.0%	29.3%	—	14.6%
Current ratio	1.72	1.76	1.78	1.84	2.04	2.10	2.13	2.04
Debt to equity	46.7%	45.0%	44.1%	65.1%	47.9%	42.9%	43.6%	45.5%
SG&A as % of revenue	55.5%	49.6%	58.4%	55.2%	53.9%	49.0%	58.6%	55.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · June 27, 2026

What it owns · $7.7bn

Short-term assets $3.8bnLonger-term assets $3.8bn

What it owes, and who funded it · $7.7bn

Short-term liabilities $1.9bnLonger-term liabilities $3.1bnShareholders' equity $2.7bn

Short-term assets cover short-term liabilities $3.8bn of assets due within a year against $1.9bn of liabilities due within a year.
Short-term assets cover long-term liabilities $3.8bn short-term assets against $3.1bn of longer-dated liabilities.
More cash than debt $1.7bn of cash against $1.2bn of debt.
Debt below 40% of shareholders' equity Debt is 46% of equity.
Debt burden no higher than five years ago Debt to equity moved from 42% to 46% over five years.
A year's operating cash flow covers at least 20% of debt $1.3bn of operating cash flow against $1.2bn of debt.
Operating profit covers interest at least five times over Operating income of $1.2bn against $56m of interest.

From Ralph Lauren Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

63 /100

Moderate moat

How hard Ralph Lauren's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 13 / 20

Cash operating profit has been a median 10.3% of total assets over 10 years.
Pricing power 18 / 20

Gross margin has been a median 65.4%, moving by 4.3 percentage points (standard deviation) across 10 years.
Durability 2 / 20

Operating margin has been a median 9.9%; its worst year was 0.1%.
Cash conversion 15 / 20

Free cash flow was positive in 10 of 10 years, at a median 10.8% of revenue.
Discipline 20 / 20

The diluted share count fell 16.3% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (68 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Ralph Lauren Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ralph Lauren Corporation.