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Tapestry, Inc. key statistics and ratios

In fiscal 2026, Tapestry, Inc. had return on equity of 197.1% and a net margin of 19.1%. 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.

Fiscal year2010Jul 20102011Jul 20112012Jun 20122013Jun 20132014Jun 20142015Jun 20152016Jul 20162017Jul 20172018Jun 20182019Jun 20192020Jun 20202021Jul 20212022Jul 20222023Jul 20232024Jun 20242025Jun 20252026Jun 2026
Net margin20.4%21.2%21.8%20.4%16.3%9.6%10.3%13.2%6.8%10.7%−13.1%14.5%12.8%14.1%12.2%2.6%19.1%
Return on equity48.8%56.5%57.6%47.0%32.4%16.4%17.8%20.8%12.7%19.0%−22.5%30.1%30.9%41.0%31.5%9.8%197.1%
Return on assets29.8%34.5%36.2%31.2%21.7%9.7%9.6%11.0%6.4%9.5%−8.8%10.2%10.9%13.0%8.0%1.8%23.0%
Effective tax rate36.5%32.3%31.0%32.0%30.4%26.5%26.5%22.1%33.4%16.0%—7.0%18.2%18.1%19.4%15.2%17.9%
SG&A as % of revenue41.1%41.3%41.0%42.8%45.3%54.6%53.4%51.1%54.0%53.7%—54.2%52.0%53.2%56.2%57.3%53.9%
Dividends ÷ net income12.8%20.2%25.1%32.8%48.2%92.4%81.3%64.0%96.6%60.7%—0.0%30.9%30.3%39.4%163.4%21.3%

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

3 of 7 checks passed · June 27, 2026
What it owns · $6.7bn
Short-term assets $2.9bnLonger-term assets $3.8bn
What it owes, and who funded it · $6.7bn
Short-term liabilities $1.6bnLonger-term liabilities $4.4bnShareholders' equity $692m
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.9bn short-term assets against $4.4bn of longer-dated liabilities.
  • More cash than debt $975m of cash against $2.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 346% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 41% to 346% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.0bn of operating cash flow against $2.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.9bn against $119m of interest.

From Tapestry, Inc.'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

71 /100

Strong moat

How hard Tapestry'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 17 / 20

    Cash operating profit has been a median 12.9% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 70.2%, moving by 3.9 percentage points (standard deviation) across 10 years.

  • Durability 5 / 20

    Operating margin has been a median 17.0%; its worst year was -11.1%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 25.7% over five years; stock-based pay has been a median 1.3% 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 (76 before it).

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

Compare with peers

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More: Apparel, Accessories & Luxury Goods stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Tapestry, Inc.'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 Tapestry, Inc.