Kohl's (KSS) Financials

$11.38 -0.31 (-2.65%)

Closing price 07/30/2025 03:59 PM Eastern

Extended Trading

$11.51 +0.13 (+1.14%)

As of 05:28 AM Eastern

Annual Income Statements for Kohl's

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2015	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025
Net Income / (Loss) Attributable to Common Shareholders	867	673	556	859	801	691	-163	938	-19	317	109
Consolidated Net Income / (Loss)	867	673	556	859	801	691	-163	938	-19	317	109
Net Income / (Loss) Continuing Operations	867	673	556	859	801	691	-163	938	-19	317	109
Total Pre-Tax Income	1,349	1,057	875	1,117	1,042	901	-546	1,219	-58	373	114
Total Operating Income	1,689	1,553	1,183	1,416	1,361	1,099	-262	1,680	246	717	433
Total Gross Profit	6,925	6,939	7,737	7,908	8,030	7,834	5,595	7,996	6,641	6,978	6,560
Total Revenue	19,023	19,204	19,681	20,084	20,229	19,974	15,955	19,433	18,098	17,476	16,221
Operating Revenue	19,023	19,204	19,681	20,084	20,229	19,974	15,955	19,433	18,098	17,476	16,221
Total Cost of Revenue	12,098	12,265	11,944	12,176	12,199	12,140	10,360	11,437	11,457	10,498	9,661
Operating Cost of Revenue	12,098	12,265	11,944	12,176	12,199	12,140	10,360	11,437	11,457	10,498	9,661
Total Operating Expenses	5,236	5,386	6,554	6,492	6,669	6,735	5,857	6,316	6,395	6,261	6,127
Selling, General & Admin Expense	4,350	4,452	5,430	5,501	5,601	5,705	5,021	5,478	5,587	5,512	5,308
Depreciation Expense	886	934	938	991	964	917	874	838	808	749	743
Other Operating Expenses / (Income)	-	-	-	-	0.00	0.00	-127	0.00	0.00	0.00	0.00
Impairment Charge	-	0.00	186	-	104	113	89	0.00	0.00	0.00	0.00
Restructuring Charge	-	-	-	-	-	-	-	-	0.00	0.00	76
Total Other Income / (Expense), net	-340	-496	-308	-299	-319	-198	-284	-461	-304	-344	-319
Interest Expense	340	496	308	299	319	198	284	461	304	344	319
Income Tax Expense	482	384	319	258	241	210	-383	281	-39	56	5.00
Basic Earnings per Share	$4.28	$3.48	$3.12	$5.14	$4.88	$4.39	($1.06)	$6.41	($0.15)	$2.88	$0.98
Weighted Average Basic Shares Outstanding	203M	193M	178M	167M	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
Diluted Earnings per Share	$4.24	$3.46	$3.11	$5.12	$4.84	$4.37	($1.06)	$6.32	($0.15)	$2.85	$0.98
Weighted Average Diluted Shares Outstanding	203M	193M	178M	167M	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
Weighted Average Basic & Diluted Shares Outstanding	203M	193M	178M	167M	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
Cash Dividends to Common per Share	$1.56	$1.80	$2.00	$2.20	$2.44	$2.68	$0.70	$1.00	$2.00	$2.00	$2.00

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025
Net Income / (Loss) Attributable to Common Shareholders	97	-273	14	58	59	186	-27	66	22	48	-15
Consolidated Net Income / (Loss)	97	-273	14	58	59	186	-27	66	22	48	-15
Net Income / (Loss) Continuing Operations	97	-273	14	58	59	186	-27	66	22	48	-15
Total Pre-Tax Income	119	-380	14	74	68	217	-40	80	22	52	-16
Total Operating Income	200	-302	98	163	157	299	43	166	98	126	60
Total Gross Profit	1,736	1,575	1,524	1,653	1,705	2,096	1,459	1,604	1,573	1,924	1,399
Total Revenue	4,277	6,019	3,571	3,895	4,054	5,956	3,382	3,732	3,710	5,397	3,233
Operating Revenue	4,277	6,019	3,571	3,895	4,054	5,956	3,382	3,732	3,710	5,397	3,233
Total Cost of Revenue	2,541	4,444	2,047	2,242	2,349	3,860	1,923	2,128	2,137	3,473	1,834
Operating Cost of Revenue	2,541	4,444	2,047	2,242	2,349	3,860	1,923	2,128	2,137	3,473	1,834
Total Operating Expenses	1,536	1,877	1,426	1,490	1,548	1,797	1,416	1,438	1,475	1,798	1,339
Selling, General & Admin Expense	1,334	1,677	1,238	1,304	1,360	1,610	1,228	1,250	1,291	1,539	1,164
Depreciation Expense	202	200	188	186	188	187	188	188	184	183	175
Total Other Income / (Expense), net	-81	-78	-84	-89	-89	-82	-83	-86	-76	-74	-76
Interest Expense	81	78	84	89	89	82	83	86	76	74	76
Income Tax Expense	22	-107	0.00	16	9.00	31	-13	14	0.00	4.00	-1.00
Basic Earnings per Share	$0.82	($2.21)	$0.13	$0.52	$0.54	$1.69	($0.24)	$0.59	$0.20	$0.43	($0.13)
Weighted Average Basic Shares Outstanding	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
Diluted Earnings per Share	$0.82	($2.19)	$0.13	$0.52	$0.53	$1.67	($0.24)	$0.59	$0.20	$0.43	($0.13)
Weighted Average Diluted Shares Outstanding	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
Weighted Average Basic & Diluted Shares Outstanding	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
Cash Dividends to Common per Share	$0.50	-	$0.50	$0.50	$0.50	-	$0.50	$0.50	$0.50	-	$0.13

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2015	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025
Net Change in Cash & Equivalents	436	-700	367	234	-374	-211	1,548	-684	-1,434	30	-49
Net Cash From Operating Activities	2,024	1,484	2,153	1,691	2,107	1,657	1,338	2,271	282	1,168	648
Net Cash From Continuing Operating Activities	2,024	1,484	2,153	1,691	2,107	1,657	1,338	2,271	282	1,168	648
Net Income / (Loss) Continuing Operations	867	673	556	859	801	691	-163	938	-19	317	109
Consolidated Net Income / (Loss)	867	673	556	859	801	691	-163	938	-19	317	109
Depreciation Expense	886	934	938	991	964	917	874	838	808	749	743
Non-Cash Adjustments To Reconcile Net Income	76	241	128	57	240	116	185	258	166	47	71
Changes in Operating Assets and Liabilities, net	195	-364	531	-216	102	-67	442	237	-673	55	-275
Net Cash From Investing Activities	-593	-681	-756	-649	-572	-837	-137	-570	-783	-562	-467
Net Cash From Continuing Investing Activities	-593	-681	-756	-649	-572	-837	-137	-570	-783	-562	-467
Purchase of Property, Plant & Equipment	-682	-690	-768	-672	-578	-855	-334	-605	-826	-577	-466
Sale of Property, Plant & Equipment	-	-	-	-	0.00	0.00	197	35	43	26	6.00
Other Investing Activities, net	7.00	9.00	12	23	6.00	18	0.00	0.00	0.00	-11	-7.00
Net Cash From Financing Activities	-995	-1,503	-1,030	-808	-1,909	-1,031	347	-2,385	-933	-576	-230
Net Cash From Continuing Financing Activities	-995	-1,503	-1,030	-808	-1,909	-1,031	347	-2,385	-933	-576	-230
Repayment of Debt	-114	-274	-127	-	-989	-6.00	-1,516	-1,247	-6.00	-275	-118
Repurchase of Common Equity	-677	-1,001	-557	-306	-396	-470	-8.00	-1,355	-658	0.00	0.00
Payment of Dividends	-317	-349	-358	-368	-400	-423	-108	-147	-239	-220	-222
Issuance of Debt	0.00	-	-	-	0.00	0.00	2,097	500	85	7.00	198
Other Financing Activities, net	113	121	12	-134	-124	-132	-118	-136	-115	-88	-88
Cash Interest Paid	329	318	299	297	282	193	254	246	284	331	312
Cash Income Taxes Paid	502	372	314	272	308	172	419	370	111	69	78

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025
Net Change in Cash & Equivalents	-28	-41	133	-82	-14	-7.00	45	3.00	-57	-40	19
Net Cash From Operating Activities	121	707	-202	430	151	789	-7.00	254	-195	596	-92
Net Cash From Continuing Operating Activities	121	707	-202	430	151	789	-7.00	254	-195	596	-92
Net Income / (Loss) Continuing Operations	97	-273	14	58	59	186	-27	66	22	48	-15
Consolidated Net Income / (Loss)	97	-273	14	58	59	186	-27	66	22	48	-15
Depreciation Expense	202	200	188	186	188	187	188	188	184	183	175
Non-Cash Adjustments To Reconcile Net Income	43	36	30	36	48	-67	35	36	23	-23	32
Changes in Operating Assets and Liabilities, net	-221	744	-434	150	-144	483	-203	-36	-424	388	-284
Net Cash From Investing Activities	-158	-81	-94	-241	-156	-71	-126	-111	-126	-104	-108
Net Cash From Continuing Investing Activities	-158	-81	-94	-241	-156	-71	-126	-111	-126	-104	-108
Purchase of Property, Plant & Equipment	-185	-93	-94	-244	-157	-82	-126	-113	-128	-99	-110
Sale of Property, Plant & Equipment	27	12	1.00	3.00	11	11	0.00	-	2.00	4.00	2.00
Other Investing Activities, net	-	-	-1.00	-	-10	-	0.00	2.00	-	-9.00	0.00
Net Cash From Financing Activities	9.00	-667	429	-271	-9.00	-725	178	-140	264	-532	219
Net Cash From Continuing Financing Activities	9.00	-667	429	-271	-9.00	-725	178	-140	264	-532	219
Repayment of Debt	-	-6.00	-164	-	-	-111	0.00	-118	-	-	0.00
Repurchase of Common Equity	-500	-	0.00	-	-	-	0.00	-	-	-	0.00
Payment of Dividends	-57	-55	-55	-55	-55	-55	-55	-56	-55	-56	-14
Issuance of Debt	589	-583	680	-205	65	-533	263	55	339	-459	255
Other Financing Activities, net	-23	-23	-32	-11	-19	-26	-30	-21	-20	-17	-22
Cash Interest Paid	53	94	60	109	60	102	70	93	69	80	68
Cash Income Taxes Paid	4.00	58	2.00	4.00	35	28	0.00	43	19	15	0.00

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2015	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025
Total Assets	14,333	13,606	13,574	13,389	12,469	14,555	15,337	15,054	14,345	14,009	13,559
Total Current Assets	5,580	5,076	5,247	5,380	4,835	4,649	5,835	5,023	3,736	3,410	3,388
Cash & Equivalents	1,407	707	1,074	1,308	934	723	2,271	1,587	153	183	134
Inventories, net	3,814	4,038	3,795	3,542	3,475	3,537	2,590	3,067	3,189	2,880	2,945
Other Current Assets	359	331	378	530	426	389	974	369	394	347	309
Plant, Property, & Equipment, net	8,515	8,308	8,103	7,773	7,428	7,352	6,689	7,304	7,926	7,720	7,297
Total Noncurrent Assets	238	222	224	236	206	2,554	2,813	2,727	2,683	2,879	2,874
Intangible Assets	-	-	-	-	-	2,391	2,398	2,248	2,304	2,499	2,394
Other Noncurrent Operating Assets	238	222	224	236	206	163	415	479	379	380	480
Total Liabilities & Shareholders' Equity	14,333	13,606	13,574	13,389	12,469	14,555	15,337	15,054	14,345	14,009	13,559
Total Liabilities	8,342	8,115	8,397	7,970	6,942	9,105	10,141	10,393	10,582	10,116	9,757
Total Current Liabilities	2,859	2,714	2,974	2,709	2,730	2,769	3,022	3,286	3,115	2,612	3,131
Short-Term Debt	110	127	131	126	-	-	-	0.00	360	92	643
Accounts Payable	1,511	1,251	1,507	1,271	1,187	1,206	1,476	1,683	1,330	1,134	1,042
Accrued Expenses	1,160	1,206	1,224	1,213	1,364	1,281	1,270	1,340	1,220	1,201	1,263
Other Current Liabilities	-	-	-	-	115	282	276	263	205	185	183
Total Noncurrent Liabilities	5,483	5,401	5,423	5,261	4,212	6,336	7,119	7,107	7,467	7,504	6,626
Long-Term Debt	4,638	4,581	4,480	4,388	1,861	1,856	2,451	1,910	1,637	1,638	1,174
Capital Lease Obligations	-	-	-	-	1,523	1,367	1,387	2,133	2,786	2,680	2,456
Noncurrent Deferred & Payable Income Tax Liabilities	298	257	272	211	184	260	302	206	129	107	28
Other Noncurrent Operating Liabilities	547	563	671	662	644	2,853	2,979	2,858	2,915	3,079	2,968
Total Equity & Noncontrolling Interests	5,991	5,491	5,177	5,419	5,527	5,450	5,196	4,661	3,763	3,893	3,802
Total Preferred & Common Equity	5,991	5,491	5,177	5,419	5,527	5,450	5,196	4,661	3,763	3,893	3,802
Total Common Equity	5,991	5,491	5,177	5,419	5,527	5,450	5,196	4,661	3,763	3,893	3,802
Common Stock	2,747	2,948	3,007	3,082	3,208	3,276	3,323	3,379	3,483	3,530	3,561
Retained Earnings	12,008	12,329	12,522	12,999	13,395	13,745	13,468	14,257	13,995	2,934	1,008
Treasury Stock	-8,744	-9,769	-10,338	-10,651	-11,076	-11,571	-11,595	-12,975	-13,715	-2,571	-767

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

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	7/30/2022	10/29/2022	4/29/2023	7/29/2023	10/28/2023	5/4/2024	8/3/2024	11/2/2024	5/3/2025
Total Assets	15,623	16,234	14,710	14,794	15,467	14,278	14,180	15,054	13,639
Total Current Assets	4,630	5,434	4,159	3,974	4,720	3,656	3,713	4,617	3,580
Cash & Equivalents	222	194	286	204	190	228	231	174	153
Inventories, net	4,034	4,874	3,526	3,474	4,239	3,083	3,151	4,099	3,137
Other Current Assets	374	366	347	296	291	345	331	344	290
Plant, Property, & Equipment, net	8,228	8,117	7,803	7,945	7,861	7,664	7,502	7,472	7,209
Total Noncurrent Assets	2,765	2,683	2,748	2,875	2,886	2,958	2,965	2,965	2,850
Intangible Assets	2,296	2,318	2,368	2,493	2,492	2,498	2,507	2,500	2,374
Other Noncurrent Operating Assets	469	365	380	382	394	460	458	465	476
Total Liabilities & Shareholders' Equity	15,623	16,234	14,710	14,794	15,467	14,278	14,180	15,054	13,639
Total Liabilities	11,079	12,138	10,990	11,059	11,716	10,465	10,350	11,250	9,860
Total Current Liabilities	3,370	4,486	3,554	3,470	4,156	3,013	3,438	4,393	3,280
Short-Term Debt	243	832	876	671	736	355	763	1,102	898
Accounts Payable	1,497	2,014	1,310	1,376	1,918	1,220	1,317	1,873	1,026
Accrued Expenses	1,426	1,436	1,164	1,246	1,324	1,265	1,185	1,245	1,177
Other Current Liabilities	204	204	204	177	178	173	173	173	179
Total Noncurrent Liabilities	7,709	7,652	7,436	7,589	7,560	7,452	6,912	6,857	6,580
Long-Term Debt	1,747	1,747	1,637	1,637	1,638	1,638	1,173	1,174	1,174
Capital Lease Obligations	2,830	2,791	2,710	2,730	2,714	2,651	2,574	2,533	2,433
Noncurrent Deferred & Payable Income Tax Liabilities	194	165	129	121	107	94	95	78	27
Other Noncurrent Operating Liabilities	2,938	2,949	2,960	3,101	3,101	3,069	3,070	3,072	2,946
Total Equity & Noncontrolling Interests	4,544	4,096	3,720	3,735	3,751	3,813	3,830	3,804	3,779
Total Preferred & Common Equity	4,544	4,096	3,720	3,735	3,751	3,813	3,830	3,804	3,779
Total Common Equity	4,544	4,096	3,720	3,735	3,751	3,813	3,830	3,804	3,779
Common Stock	3,410	3,323	3,491	3,504	3,516	3,541	3,548	3,556	3,571
Retained Earnings	14,285	14,324	2,798	2,800	2,803	2,851	2,861	2,828	979
Treasury Stock	-13,151	-13,551	-2,569	-2,569	-2,568	-2,579	-2,579	-2,580	-771

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2015	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.04%	0.95%	2.48%	2.05%	0.72%	-1.26%	-20.12%	21.80%	-6.87%	-3.44%	-7.18%
EBITDA Growth	-2.13%	-3.42%	-14.72%	13.48%	-3.41%	-13.29%	-69.64%	311.44%	-58.14%	39.09%	-19.78%
EBIT Growth	-3.04%	-8.05%	-23.82%	19.70%	-3.88%	-19.25%	-123.84%	741.22%	-85.36%	191.46%	-39.61%
NOPAT Growth	-1.59%	-8.91%	-23.98%	44.86%	-3.92%	-19.44%	-121.76%	804.87%	-86.68%	253.86%	-32.06%
Net Income Growth	-2.47%	-22.38%	-17.38%	54.50%	-6.75%	-13.73%	-123.59%	675.46%	-102.03%	1,768.42%	-65.62%
EPS Growth	4.69%	-18.40%	-10.12%	64.63%	-5.47%	-9.71%	-124.26%	696.23%	-102.37%	2,000.00%	-65.61%
Operating Cash Flow Growth	7.43%	-26.68%	45.08%	-21.46%	24.60%	-21.36%	-19.25%	69.73%	-87.58%	314.18%	-44.52%
Free Cash Flow Firm Growth	30.14%	-48.89%	84.57%	-23.00%	43.83%	-48.66%	15.38%	-6.46%	-217.58%	179.94%	-32.79%
Invested Capital Growth	-5.43%	1.71%	-8.20%	-1.02%	-7.51%	-0.34%	-14.93%	5.23%	17.93%	-3.25%	-2.20%
Revenue Q/Q Growth	1.27%	0.26%	4.31%	-0.71%	-1.14%	0.05%	-4.15%	1.88%	-2.58%	-0.36%	-3.33%
EBITDA Q/Q Growth	1.66%	-3.68%	-3.11%	5.34%	-6.21%	-2.37%	-13.68%	5.14%	-41.86%	66.97%	-13.08%
EBIT Q/Q Growth	2.74%	-6.78%	-5.36%	7.03%	-8.47%	-3.51%	-48.02%	8.67%	-75.35%	518.10%	-28.55%
NOPAT Q/Q Growth	3.21%	-7.35%	-5.73%	30.75%	-17.21%	-3.35%	-48.02%	-8.04%	-77.94%	650.44%	-22.83%
Net Income Q/Q Growth	4.08%	-9.66%	-7.18%	33.39%	-19.58%	-1.14%	32.37%	-4.48%	-103.44%	323.24%	-55.87%
EPS Q/Q Growth	6.80%	-7.24%	-3.72%	36.53%	-19.06%	1.16%	33.75%	-2.17%	-103.62%	382.18%	-55.86%
Operating Cash Flow Q/Q Growth	12.44%	-1.13%	-8.81%	-2.70%	-6.15%	-4.16%	-12.09%	3.13%	291.67%	7.55%	-22.95%
Free Cash Flow Firm Q/Q Growth	25.82%	-11.00%	-13.64%	4.07%	-10.49%	-15.14%	-14.81%	-16.01%	24.00%	25.30%	-20.56%
Invested Capital Q/Q Growth	-6.42%	-6.09%	-4.60%	-2.38%	-2.79%	-1.28%	0.18%	1.11%	-9.48%	-6.12%	-5.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.40%	36.13%	39.31%	39.37%	39.70%	39.22%	35.07%	41.15%	36.69%	39.93%	40.44%
EBITDA Margin	13.54%	12.95%	10.78%	11.98%	11.49%	10.09%	3.84%	12.96%	5.82%	8.39%	7.25%
Operating Margin	8.88%	8.09%	6.01%	7.05%	6.73%	5.50%	-1.64%	8.65%	1.36%	4.10%	2.67%
EBIT Margin	8.88%	8.09%	6.01%	7.05%	6.73%	5.50%	-1.64%	8.65%	1.36%	4.10%	2.67%
Profit (Net Income) Margin	4.56%	3.50%	2.83%	4.28%	3.96%	3.46%	-1.02%	4.83%	-0.11%	1.81%	0.67%
Tax Burden Percent	64.27%	63.67%	63.54%	76.90%	76.87%	76.69%	29.85%	76.95%	32.76%	84.99%	95.61%
Interest Burden Percent	79.87%	68.06%	73.96%	78.88%	76.56%	81.98%	208.40%	72.56%	-23.58%	52.02%	26.33%
Effective Tax Rate	35.73%	36.33%	36.46%	23.10%	23.13%	23.31%	0.00%	23.05%	0.00%	15.01%	4.39%
Return on Invested Capital (ROIC)	11.31%	10.51%	8.26%	12.56%	12.60%	10.58%	-2.49%	18.63%	2.22%	7.38%	5.16%
ROIC Less NNEP Spread (ROIC-NNEP)	5.26%	1.90%	3.07%	5.74%	3.93%	4.45%	-1.49%	0.99%	-3.18%	0.78%	-2.14%
Return on Net Nonoperating Assets (RNNOA)	3.18%	1.22%	2.17%	3.65%	2.03%	2.01%	-0.57%	0.40%	-2.67%	0.90%	-2.32%
Return on Equity (ROE)	14.49%	11.72%	10.42%	16.21%	14.64%	12.59%	-3.06%	19.03%	-0.45%	8.28%	2.83%
Cash Return on Invested Capital (CROIC)	16.89%	8.81%	16.80%	13.59%	20.41%	10.92%	13.64%	13.53%	-14.23%	10.69%	7.38%
Operating Return on Assets (OROA)	11.77%	11.12%	8.70%	10.50%	10.53%	8.13%	-1.75%	11.06%	1.67%	5.06%	3.14%
Return on Assets (ROA)	6.04%	4.82%	4.09%	6.37%	6.20%	5.11%	-1.09%	6.17%	-0.13%	2.24%	0.79%
Return on Common Equity (ROCE)	14.49%	11.72%	10.42%	16.21%	14.64%	12.59%	-3.06%	19.03%	-0.45%	8.28%	2.83%
Return on Equity Simple (ROE_SIMPLE)	14.47%	12.26%	10.74%	15.85%	14.49%	12.68%	-3.14%	20.12%	-0.50%	8.14%	2.87%
Net Operating Profit after Tax (NOPAT)	1,086	989	752	1,089	1,046	843	-183	1,293	172	609	414
NOPAT Margin	5.71%	5.15%	3.82%	5.42%	5.17%	4.22%	-1.15%	6.65%	0.95%	3.49%	2.55%
Net Nonoperating Expense Percent (NNEP)	6.04%	8.60%	5.19%	6.82%	8.67%	6.14%	-1.00%	17.64%	5.40%	6.60%	7.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2.02%	7.34%	5.13%
Cost of Revenue to Revenue	63.60%	63.87%	60.69%	60.63%	60.30%	60.78%	64.93%	58.85%	63.31%	60.07%	59.56%
SG&A Expenses to Revenue	22.87%	23.18%	27.59%	27.39%	27.69%	28.56%	31.47%	28.19%	30.87%	31.54%	32.72%
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	27.52%	28.05%	33.30%	32.32%	32.97%	33.72%	36.71%	32.50%	35.34%	35.83%	37.77%
Earnings before Interest and Taxes (EBIT)	1,689	1,553	1,183	1,416	1,361	1,099	-262	1,680	246	717	433
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,575	2,487	2,121	2,407	2,325	2,016	612	2,518	1,054	1,466	1,176
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.34	1.18	0.95	1.49	1.56	1.01	1.14	1.53	0.77	0.68	0.39
Price to Tangible Book Value (P/TBV)	1.34	1.18	0.95	1.49	1.56	1.80	2.12	2.95	1.98	1.89	1.04
Price to Revenue (P/Rev)	0.42	0.34	0.25	0.40	0.43	0.28	0.37	0.37	0.16	0.15	0.09
Price to Earnings (P/E)	9.24	9.62	8.87	9.38	10.75	7.97	0.00	7.60	0.00	8.33	13.49
Dividend Yield	3.93%	5.28%	7.16%	4.59%	4.68%	7.62%	7.22%	1.95%	7.66%	8.38%	15.14%
Earnings Yield	10.82%	10.40%	11.27%	10.67%	9.30%	12.55%	0.00%	13.16%	0.00%	12.00%	7.41%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.10	0.97	1.31	1.39	1.01	1.11	1.35	0.90	0.85	0.71
Enterprise Value to Revenue (EV/Rev)	0.60	0.55	0.43	0.56	0.55	0.40	0.47	0.49	0.42	0.39	0.35
Enterprise Value to EBITDA (EV/EBITDA)	4.41	4.21	3.99	4.68	4.76	3.97	12.24	3.81	7.13	4.69	4.77
Enterprise Value to EBIT (EV/EBIT)	6.72	6.75	7.16	7.95	8.13	7.28	0.00	5.70	30.55	9.58	12.96
Enterprise Value to NOPAT (EV/NOPAT)	10.46	10.59	11.27	10.34	10.57	9.50	0.00	7.41	43.64	11.27	13.55
Enterprise Value to Operating Cash Flow (EV/OCF)	5.61	7.06	3.93	6.66	5.25	4.83	5.60	4.22	26.65	5.88	8.66
Enterprise Value to Free Cash Flow (EV/FCFF)	7.00	12.64	5.54	9.56	6.53	9.20	7.46	10.21	0.00	7.78	9.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	0.86	0.89	0.83	0.61	0.59	0.74	0.87	1.27	1.13	1.12
Long-Term Debt to Equity	0.77	0.83	0.87	0.81	0.61	0.59	0.74	0.87	1.18	1.11	0.95
Financial Leverage	0.60	0.64	0.71	0.64	0.52	0.45	0.38	0.41	0.84	1.16	1.09
Leverage Ratio	2.40	2.43	2.55	2.54	2.36	2.46	2.81	3.08	3.49	3.70	3.58
Compound Leverage Factor	1.91	1.66	1.88	2.01	1.81	2.02	5.85	2.24	-0.82	1.93	0.94
Debt to Total Capital	44.21%	46.16%	47.11%	45.44%	37.98%	37.16%	42.48%	46.45%	55.97%	53.11%	52.92%
Short-Term Debt to Total Capital	1.02%	1.25%	1.34%	1.27%	0.00%	0.00%	0.00%	0.00%	4.21%	1.11%	7.96%
Long-Term Debt to Total Capital	43.19%	44.92%	45.77%	44.18%	37.98%	37.16%	42.48%	46.45%	51.76%	52.01%	44.95%
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	55.79%	53.84%	52.89%	54.56%	62.02%	62.84%	57.52%	53.55%	44.03%	46.89%	47.08%
Debt to EBITDA	1.84	1.89	2.17	1.88	1.46	1.60	6.27	1.61	4.54	3.01	3.63
Net Debt to EBITDA	1.30	1.61	1.67	1.33	1.05	1.24	2.56	0.98	4.39	2.88	3.52
Long-Term Debt to EBITDA	1.80	1.84	2.11	1.82	1.46	1.60	6.27	1.61	4.20	2.95	3.09
Debt to NOPAT	4.37	4.76	6.13	4.15	3.23	3.82	-20.93	3.13	27.78	7.24	10.32
Net Debt to NOPAT	3.08	4.05	4.71	2.94	2.34	2.97	-8.54	1.90	26.89	6.94	10.00
Long-Term Debt to NOPAT	4.27	4.63	5.96	4.03	3.23	3.82	-20.93	3.13	25.69	7.09	8.77
Altman Z-Score	3.69	3.74	3.58	4.05	4.43	3.46	2.78	3.53	2.90	1.93	1.52
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	1.95	1.87	1.76	1.99	1.77	1.68	1.93	1.53	1.20	1.31	1.08
Quick Ratio	0.49	0.26	0.36	0.48	0.34	0.26	0.75	0.48	0.05	0.07	0.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,622	829	1,530	1,178	1,694	870	1,004	939	-1,104	882	593
Operating Cash Flow to CapEx	296.77%	215.07%	280.34%	251.64%	364.53%	193.80%	976.64%	398.42%	36.02%	211.98%	140.87%
Free Cash Flow to Firm to Interest Expense	4.77	1.67	4.97	3.94	5.31	4.39	3.53	2.04	-3.63	2.57	1.86
Operating Cash Flow to Interest Expense	5.95	2.99	6.99	5.66	6.61	8.37	4.71	4.93	0.93	3.40	2.03
Operating Cash Flow Less CapEx to Interest Expense	3.95	1.60	4.50	3.41	4.79	4.05	4.23	3.69	-1.65	1.79	0.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.37	1.45	1.49	1.56	1.48	1.07	1.28	1.23	1.23	1.18
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	3.15	3.12	3.05	3.32	3.48	3.46	3.38	4.04	3.66	3.46	3.32
Fixed Asset Turnover	2.20	2.28	2.40	2.53	2.66	2.70	2.27	2.78	2.38	2.23	2.16
Accounts Payable Turnover	8.41	8.88	8.66	8.77	9.93	10.15	7.73	7.24	7.61	8.52	8.88
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	115.97	116.84	119.69	109.97	104.98	105.41	107.93	90.27	99.65	105.51	110.04
Days Payable Outstanding (DPO)	43.38	41.10	42.14	41.64	36.77	35.97	47.25	50.41	47.99	42.83	41.11
Cash Conversion Cycle (CCC)	72.59	75.74	77.54	68.33	68.20	69.44	60.69	39.86	51.66	62.67	68.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,332	9,492	8,714	8,625	7,977	7,950	6,763	7,117	8,393	8,120	7,941
Invested Capital Turnover	1.98	2.04	2.16	2.32	2.44	2.51	2.17	2.80	2.33	2.12	2.02
Increase / (Decrease) in Invested Capital	-536	160	-778	-89	-648	-27	-1,187	354	1,276	-273	-179
Enterprise Value (EV)	11,356	10,475	8,469	11,260	11,062	8,005	7,492	9,581	7,515	6,868	5,610
Market Capitalization	8,015	6,474	4,932	8,054	8,612	5,505	5,925	7,125	2,885	2,641	1,471
Book Value per Share	$29.66	$28.93	$29.34	$32.26	$33.47	$34.81	$32.96	$33.49	$34.06	$35.16	$34.15
Tangible Book Value per Share	$29.66	$28.93	$29.34	$32.26	$33.47	$19.54	$17.75	$17.34	$13.21	$12.59	$12.65
Total Capital	10,739	10,199	9,788	9,933	8,911	8,673	9,034	8,704	8,546	8,303	8,075
Total Debt	4,748	4,708	4,611	4,514	3,384	3,223	3,838	4,043	4,783	4,410	4,273
Total Long-Term Debt	4,638	4,581	4,480	4,388	3,384	3,223	3,838	4,043	4,423	4,318	3,630
Net Debt	3,341	4,001	3,537	3,206	2,450	2,500	1,567	2,456	4,630	4,227	4,139
Capital Expenditures (CapEx)	682	690	768	672	578	855	137	570	783	551	460
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,424	1,782	1,330	1,489	1,171	1,157	542	150	828	707	766
Debt-free Net Working Capital (DFNWC)	2,831	2,489	2,404	2,797	2,105	1,880	2,813	1,737	981	890	900
Net Working Capital (NWC)	2,721	2,362	2,273	2,671	2,105	1,880	2,813	1,737	621	798	257
Net Nonoperating Expense (NNE)	219	316	196	230	245	152	-20	355	191	292	305
Net Nonoperating Obligations (NNO)	3,341	4,001	3,537	3,206	2,450	2,500	1,567	2,456	4,630	4,227	4,139
Total Depreciation and Amortization (D&A)	886	934	938	991	964	917	874	838	808	749	743
Debt-free, Cash-free Net Working Capital to Revenue	7.49%	9.28%	6.76%	7.41%	5.79%	5.79%	3.40%	0.77%	4.58%	4.05%	4.72%
Debt-free Net Working Capital to Revenue	14.88%	12.96%	12.21%	13.93%	10.41%	9.41%	17.63%	8.94%	5.42%	5.09%	5.55%
Net Working Capital to Revenue	14.30%	12.30%	11.55%	13.30%	10.41%	9.41%	17.63%	8.94%	3.43%	4.57%	1.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.28	$0.00	$0.00	$0.00	$4.88	$4.39	($1.06)	$6.41	($0.15)	$2.88	$0.98
Adjusted Weighted Average Basic Shares Outstanding	202.80M	0.00	0.00	0.00	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
Adjusted Diluted Earnings per Share	$4.24	$0.00	$0.00	$0.00	$4.84	$4.37	($1.06)	$6.32	($0.15)	$2.85	$0.98
Adjusted Weighted Average Diluted Shares Outstanding	202.80M	0.00	0.00	0.00	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
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	202.80M	0.00	0.00	0.00	163.17M	155.25M	157.72M	128.59M	110.74M	110.91M	111.32M
Normalized Net Operating Profit after Tax (NOPAT)	1,086	989	870	1,089	1,126	930	-121	1,293	172	609	487
Normalized NOPAT Margin	5.71%	5.15%	4.42%	5.42%	5.57%	4.65%	-0.76%	6.65%	0.95%	3.49%	3.00%
Pre Tax Income Margin	7.09%	5.50%	4.45%	5.56%	5.15%	4.51%	-3.42%	6.27%	-0.32%	2.13%	0.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.97	3.13	3.84	4.74	4.27	5.55	-0.92	3.64	0.81	2.08	1.36
NOPAT to Interest Expense	3.19	1.99	2.44	3.64	3.28	4.26	-0.65	2.80	0.57	1.77	1.30
EBIT Less CapEx to Interest Expense	2.96	1.74	1.35	2.49	2.45	1.23	-1.40	2.41	-1.77	0.48	-0.08
NOPAT Less CapEx to Interest Expense	1.19	0.60	-0.05	1.39	1.47	-0.06	-1.13	1.57	-2.01	0.17	-0.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.56%	51.86%	64.39%	42.84%	49.94%	61.22%	-66.26%	15.67%	-1,257.89%	69.40%	203.67%
Augmented Payout Ratio	114.65%	200.59%	164.57%	78.46%	99.38%	129.23%	-71.17%	160.13%	-4,721.05%	69.40%	203.67%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.02%	-7.39%	-3.88%	-4.70%	-5.21%	-1.05%	-5.29%	-4.18%	-8.49%	-9.39%	-4.41%
EBITDA Growth	-32.66%	-115.53%	1.42%	-26.06%	-14.18%	576.47%	-19.23%	1.43%	-18.26%	-36.42%	1.73%
EBIT Growth	-48.32%	-167.11%	19.51%	-38.72%	-21.50%	199.01%	-56.12%	1.84%	-37.58%	-57.86%	39.53%
NOPAT Growth	-44.35%	-160.49%	19.51%	-36.52%	-16.44%	221.23%	-69.29%	7.20%	-28.06%	-54.62%	39.53%
Net Income Growth	-60.08%	-191.30%	0.00%	-59.44%	-39.18%	168.13%	-292.86%	13.79%	-62.71%	-74.19%	44.44%
EPS Growth	-50.30%	-204.29%	18.18%	-53.15%	-35.37%	176.26%	-284.62%	13.46%	-62.26%	-74.25%	45.83%
Operating Cash Flow Growth	47.56%	42.25%	56.09%	600.00%	24.79%	11.60%	96.53%	-40.93%	-229.14%	-24.46%	-1,214.29%
Free Cash Flow Firm Growth	-41,811.36%	-32,810.86%	80.86%	128.30%	136.68%	135.58%	279.65%	-14.81%	-59.43%	-44.21%	-69.44%
Invested Capital Growth	31.72%	17.93%	4.25%	-6.27%	-6.72%	-3.25%	-4.94%	-5.37%	-2.43%	-2.20%	-1.19%
Revenue Q/Q Growth	4.65%	40.73%	-40.67%	9.07%	4.08%	46.92%	-43.22%	10.35%	-0.59%	45.47%	-40.10%
EBITDA Q/Q Growth	-14.83%	-125.37%	380.39%	22.03%	-1.15%	40.87%	-52.47%	53.25%	-20.34%	9.57%	-23.95%
EBIT Q/Q Growth	-24.81%	-251.00%	132.45%	66.33%	-3.68%	90.45%	-85.62%	286.05%	-40.96%	28.57%	-52.38%
NOPAT Q/Q Growth	-19.00%	-229.67%	146.36%	30.36%	6.63%	88.14%	-88.26%	354.98%	-28.44%	18.68%	-63.89%
Net Income Q/Q Growth	-32.17%	-381.44%	105.13%	314.29%	1.72%	215.25%	-114.52%	344.44%	-66.67%	118.18%	-131.25%
EPS Q/Q Growth	-26.13%	-367.07%	105.94%	300.00%	1.92%	215.09%	-114.37%	345.83%	-66.10%	115.00%	-130.23%
Operating Cash Flow Q/Q Growth	240.70%	484.30%	-128.57%	312.87%	-64.88%	422.52%	-100.89%	3,728.57%	-176.77%	405.64%	-115.44%
Free Cash Flow Firm Q/Q Growth	16.39%	28.14%	82.86%	374.81%	8.34%	-30.29%	-13.45%	30.31%	-48.40%	-4.12%	-52.59%
Invested Capital Q/Q Growth	1.42%	-9.48%	3.15%	-1.02%	0.93%	-6.12%	1.34%	-1.46%	4.07%	-5.90%	2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.59%	26.17%	42.68%	42.44%	42.06%	35.19%	43.14%	42.98%	42.40%	35.65%	43.27%
EBITDA Margin	9.40%	-1.69%	8.01%	8.96%	8.51%	8.16%	6.83%	9.49%	7.60%	5.73%	7.27%
Operating Margin	4.68%	-5.02%	2.74%	4.18%	3.87%	5.02%	1.27%	4.45%	2.64%	2.33%	1.86%
EBIT Margin	4.68%	-5.02%	2.74%	4.18%	3.87%	5.02%	1.27%	4.45%	2.64%	2.33%	1.86%
Profit (Net Income) Margin	2.27%	-4.54%	0.39%	1.49%	1.46%	3.12%	-0.80%	1.77%	0.59%	0.89%	-0.46%
Tax Burden Percent	81.51%	71.84%	100.00%	78.38%	86.76%	85.71%	67.50%	82.50%	100.00%	92.31%	93.75%
Interest Burden Percent	59.50%	125.83%	14.29%	45.40%	43.31%	72.58%	-93.02%	48.19%	22.45%	41.27%	-26.67%
Effective Tax Rate	18.49%	0.00%	0.00%	21.62%	13.24%	14.29%	0.00%	17.50%	0.00%	7.69%	0.00%
Return on Invested Capital (ROIC)	8.68%	-8.20%	5.81%	6.58%	6.58%	9.11%	1.82%	7.54%	5.19%	4.35%	2.55%
ROIC Less NNEP Spread (ROIC-NNEP)	6.87%	-9.94%	3.90%	5.10%	5.04%	7.52%	0.60%	5.98%	3.59%	2.72%	1.25%
Return on Net Nonoperating Assets (RNNOA)	5.54%	-8.36%	4.19%	5.81%	6.48%	8.70%	0.75%	7.20%	4.53%	2.96%	1.45%
Return on Equity (ROE)	14.23%	-16.55%	10.00%	12.39%	13.05%	17.81%	2.57%	14.74%	9.72%	7.31%	4.00%
Cash Return on Invested Capital (CROIC)	-17.81%	-14.23%	-2.00%	7.73%	7.86%	10.69%	11.85%	12.48%	8.74%	7.38%	6.02%
Operating Return on Assets (OROA)	5.40%	-6.18%	3.29%	4.89%	4.29%	6.19%	1.52%	5.26%	2.90%	2.75%	2.14%
Return on Assets (ROA)	2.62%	-5.58%	0.47%	1.74%	1.61%	3.85%	-0.95%	2.09%	0.65%	1.05%	-0.53%
Return on Common Equity (ROCE)	14.23%	-16.55%	10.00%	12.39%	13.05%	17.81%	2.57%	14.74%	9.72%	7.31%	4.00%
Return on Equity Simple (ROE_SIMPLE)	13.50%	0.00%	-0.51%	-2.78%	-3.79%	0.00%	7.24%	7.42%	6.49%	0.00%	3.20%
Net Operating Profit after Tax (NOPAT)	163	-211	98	128	136	256	30	137	98	116	42
NOPAT Margin	3.81%	-3.51%	2.74%	3.28%	3.36%	4.30%	0.89%	3.67%	2.64%	2.16%	1.30%
Net Nonoperating Expense Percent (NNEP)	1.81%	1.74%	1.91%	1.48%	1.53%	1.59%	1.22%	1.56%	1.59%	1.63%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.47%	-	-	-	3.09%	-	-	-	1.44%	0.51%
Cost of Revenue to Revenue	59.41%	73.83%	57.32%	57.56%	57.94%	64.81%	56.86%	57.02%	57.60%	64.35%	56.73%
SG&A Expenses to Revenue	31.19%	27.86%	34.67%	33.48%	33.55%	27.03%	36.31%	33.49%	34.80%	28.52%	36.00%
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	35.91%	31.18%	39.93%	38.25%	38.18%	30.17%	41.87%	38.53%	39.76%	33.31%	41.42%
Earnings before Interest and Taxes (EBIT)	200	-302	98	163	157	299	43	166	98	126	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	402	-102	286	349	345	486	231	354	282	309	235
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.77	0.60	0.77	0.59	0.68	0.70	0.59	0.53	0.39	0.22
Price to Tangible Book Value (P/TBV)	1.80	1.98	1.66	2.32	1.76	1.89	2.04	1.70	1.54	1.04	0.59
Price to Revenue (P/Rev)	0.17	0.16	0.13	0.16	0.13	0.15	0.16	0.13	0.12	0.09	0.05
Price to Earnings (P/E)	5.80	0.00	0.00	0.00	0.00	8.33	9.72	7.91	8.15	13.49	6.90
Dividend Yield	6.36%	7.66%	9.87%	7.68%	10.01%	8.38%	8.27%	9.90%	11.05%	15.14%	21.67%
Earnings Yield	17.24%	0.00%	0.00%	0.00%	0.00%	12.00%	10.29%	12.64%	12.27%	7.41%	14.49%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.90	0.83	0.90	0.82	0.85	0.86	0.80	0.79	0.71	0.64
Enterprise Value to Revenue (EV/Rev)	0.45	0.42	0.40	0.43	0.41	0.39	0.41	0.38	0.40	0.35	0.32
Enterprise Value to EBITDA (EV/EBITDA)	4.62	7.13	6.79	8.25	8.10	4.69	5.03	4.61	4.91	4.77	4.40
Enterprise Value to EBIT (EV/EBIT)	8.40	30.55	27.41	48.51	61.29	9.58	10.72	9.81	10.97	12.96	11.53
Enterprise Value to NOPAT (EV/NOPAT)	10.74	43.64	39.15	69.29	87.56	11.27	12.39	11.23	12.39	13.55	13.15
Enterprise Value to Operating Cash Flow (EV/OCF)	116.45	26.65	13.30	7.30	6.55	5.88	5.21	5.50	7.91	8.66	9.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	11.27	10.10	7.78	7.09	6.27	8.91	9.46	10.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.27	1.40	1.35	1.36	1.13	1.22	1.18	1.26	1.12	1.19
Long-Term Debt to Equity	1.11	1.18	1.17	1.17	1.16	1.11	1.12	0.98	0.97	0.95	0.95
Financial Leverage	0.81	0.84	1.07	1.14	1.28	1.16	1.24	1.20	1.26	1.09	1.15
Leverage Ratio	3.57	3.49	3.66	3.67	4.04	3.70	3.85	3.83	4.04	3.58	3.68
Compound Leverage Factor	2.12	4.39	0.52	1.67	1.75	2.69	-3.58	1.85	0.91	1.48	-0.98
Debt to Total Capital	56.73%	55.97%	58.40%	57.43%	57.56%	53.11%	54.91%	54.08%	55.83%	52.92%	54.38%
Short-Term Debt to Total Capital	8.79%	4.21%	9.80%	7.65%	8.33%	1.11%	4.20%	9.15%	12.79%	7.96%	10.84%
Long-Term Debt to Total Capital	47.94%	51.76%	48.61%	49.78%	49.24%	52.01%	50.72%	44.93%	43.04%	44.95%	43.54%
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	43.27%	44.03%	41.60%	42.57%	42.44%	46.89%	45.09%	45.92%	44.17%	47.08%	45.62%
Debt to EBITDA	2.96	4.54	4.94	5.39	5.80	3.01	3.29	3.19	3.55	3.63	3.82
Net Debt to EBITDA	2.85	4.39	4.67	5.17	5.58	2.88	3.13	3.02	3.43	3.52	3.69
Long-Term Debt to EBITDA	2.50	4.20	4.11	4.67	4.96	2.95	3.04	2.65	2.74	3.09	3.06
Debt to NOPAT	6.88	27.78	28.48	45.27	62.66	7.24	8.11	7.76	8.96	10.32	11.42
Net Debt to NOPAT	6.63	26.89	26.92	43.43	60.32	6.94	7.71	7.36	8.64	10.00	11.03
Long-Term Debt to NOPAT	5.81	25.69	23.70	39.24	53.60	7.09	7.49	6.45	6.91	8.77	9.14
Altman Z-Score	2.65	2.77	1.68	1.70	1.58	1.84	1.71	1.68	1.52	1.44	1.37
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	1.21	1.20	1.17	1.15	1.14	1.31	1.21	1.08	1.05	1.08	1.09
Quick Ratio	0.04	0.05	0.08	0.06	0.05	0.07	0.08	0.07	0.04	0.04	0.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,070	-1,487	-255	701	759	529	458	597	308	295	140
Operating Cash Flow to CapEx	76.58%	872.84%	-217.20%	178.42%	103.42%	1,111.27%	-5.56%	224.78%	-154.76%	627.37%	-85.19%
Free Cash Flow to Firm to Interest Expense	-25.56	-19.07	-3.04	7.87	8.53	6.45	5.52	6.94	4.05	3.99	1.84
Operating Cash Flow to Interest Expense	1.49	9.06	-2.40	4.83	1.70	9.62	-0.08	2.95	-2.57	8.05	-1.21
Operating Cash Flow Less CapEx to Interest Expense	-0.46	8.03	-3.51	2.12	0.06	8.76	-1.60	1.64	-4.22	6.77	-2.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.15	1.23	1.20	1.17	1.11	1.23	1.19	1.18	1.10	1.18	1.15
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	2.62	3.66	3.13	3.00	2.43	3.46	3.14	3.10	2.41	3.32	3.08
Fixed Asset Turnover	2.41	2.38	2.30	2.20	2.20	2.23	2.24	2.22	2.19	2.16	2.16
Accounts Payable Turnover	5.38	7.61	7.60	7.85	5.64	8.52	8.20	7.62	5.30	8.88	8.52
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	139.16	99.65	116.62	121.54	150.07	105.51	116.27	117.84	151.44	110.04	118.59
Days Payable Outstanding (DPO)	67.80	47.99	48.00	46.51	64.75	42.83	44.51	47.90	68.86	41.11	42.82
Cash Conversion Cycle (CCC)	71.36	51.66	68.62	75.03	85.32	62.67	71.76	69.94	82.59	68.93	75.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,272	8,393	8,657	8,569	8,649	8,120	8,229	8,109	8,439	7,941	8,131
Invested Capital Turnover	2.28	2.33	2.12	2.01	1.96	2.12	2.05	2.05	1.96	2.02	1.96
Increase / (Decrease) in Invested Capital	2,233	1,276	353	-573	-623	-273	-428	-460	-210	-179	-98
Enterprise Value (EV)	8,384	7,515	7,180	7,712	7,110	6,868	7,098	6,526	6,648	5,610	5,187
Market Capitalization	3,208	2,885	2,243	2,878	2,212	2,641	2,682	2,247	2,013	1,471	835
Book Value per Share	$35.12	$34.06	$33.59	$33.77	$33.89	$35.16	$34.38	$34.44	$34.20	$34.15	$33.95
Tangible Book Value per Share	$15.24	$13.21	$12.21	$11.23	$11.37	$12.59	$11.86	$11.90	$11.72	$12.65	$12.62
Total Capital	9,466	8,546	8,943	8,773	8,839	8,303	8,457	8,340	8,613	8,075	8,284
Total Debt	5,370	4,783	5,223	5,038	5,088	4,410	4,644	4,510	4,809	4,273	4,505
Total Long-Term Debt	4,538	4,423	4,347	4,367	4,352	4,318	4,289	3,747	3,707	3,630	3,607
Net Debt	5,176	4,630	4,937	4,834	4,898	4,227	4,416	4,279	4,635	4,139	4,352
Capital Expenditures (CapEx)	158	81	93	241	146	71	126	113	126	95	108
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,586	828	1,195	971	1,110	707	770	807	1,152	766	1,045
Debt-free Net Working Capital (DFNWC)	1,780	981	1,481	1,175	1,300	890	998	1,038	1,326	900	1,198
Net Working Capital (NWC)	948	621	605	504	564	798	643	275	224	257	300
Net Nonoperating Expense (NNE)	66	62	84	70	77	70	57	71	76	68	57
Net Nonoperating Obligations (NNO)	5,176	4,630	4,937	4,834	4,898	4,227	4,416	4,279	4,635	4,139	4,352
Total Depreciation and Amortization (D&A)	202	200	188	186	188	187	188	188	184	183	175
Debt-free, Cash-free Net Working Capital to Revenue	8.54%	4.58%	6.66%	5.47%	6.33%	4.05%	4.45%	4.71%	6.87%	4.72%	6.50%
Debt-free Net Working Capital to Revenue	9.58%	5.42%	8.25%	6.62%	7.41%	5.09%	5.77%	6.06%	7.90%	5.55%	7.45%
Net Working Capital to Revenue	5.10%	3.43%	3.37%	2.84%	3.22%	4.57%	3.72%	1.61%	1.33%	1.58%	1.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	($2.21)	$0.13	$0.52	$0.54	$1.69	($0.24)	$0.59	$0.20	$0.43	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
Adjusted Diluted Earnings per Share	$0.82	($2.19)	$0.13	$0.52	$0.53	$1.67	($0.24)	$0.59	$0.20	$0.43	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
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	110.48M	110.74M	110.59M	110.69M	110.71M	110.91M	111.21M	111.24M	111.32M	111.32M	112.04M
Normalized Net Operating Profit after Tax (NOPAT)	163	-211	69	128	136	256	30	137	69	116	42
Normalized NOPAT Margin	3.81%	-3.51%	1.92%	3.28%	3.36%	4.30%	0.89%	3.67%	1.85%	2.16%	1.30%
Pre Tax Income Margin	2.78%	-6.31%	0.39%	1.90%	1.68%	3.64%	-1.18%	2.14%	0.59%	0.96%	-0.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.47	-3.87	1.17	1.83	1.76	3.65	0.52	1.93	1.29	1.70	0.79
NOPAT to Interest Expense	2.01	-2.71	1.17	1.44	1.53	3.13	0.36	1.59	1.29	1.57	0.55
EBIT Less CapEx to Interest Expense	0.52	-4.91	0.06	-0.88	0.12	2.78	-1.00	0.62	-0.37	0.42	-0.63
NOPAT Less CapEx to Interest Expense	0.06	-3.75	0.06	-1.27	-0.11	2.26	-1.16	0.28	-0.37	0.29	-0.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.24%	-1,257.89%	-1,215.79%	-213.46%	-154.93%	69.40%	79.71%	77.82%	89.47%	203.67%	149.59%
Augmented Payout Ratio	257.32%	-4,721.05%	-3,847.37%	-694.23%	-154.93%	69.40%	79.71%	77.82%	89.47%	203.67%	149.59%

Key Financial Trends

Over the past four years, Kohl's (NYSE: KSS) financial performance has shown considerable variability, with recent quarters demonstrating operational and financial challenges compared to some prior periods. Here are the key highlights and trends based on the latest financial statements:

Q1 2025 Revenue: Kohl's generated operating revenue of $3.23 billion in Q1 2025, reflecting continued sizeable sales volumes consistent with recent quarters.
Gross Profit Stability: Gross profit remained relatively strong, with $1.399 billion in Q1 2025, indicating management’s ability to maintain healthy margins despite pressures.
Free Cash Flow Activity: The company continues to invest in property, plant, and equipment with an $110 million outflow in Q1 2025, showing commitment to maintaining or expanding its infrastructure.
Dividend Payments Maintained: Kohl's paid dividends of approximately $0.125 per share in Q1 2025, signaling ongoing shareholder returns.
Balance Sheet Strength: Total assets at Q1 2025 stood at $13.6 billion, with a solid common equity base of approximately $3.78 billion, supporting future operations and debt capacity.
Net Income Fluctuation: Kohl’s reported a net loss of $15 million in Q1 2025, contrasted with profits in several prior quarters. For example, Q4 2024 showed net income of $48 million, indicating volatility in profitability.
Interest Expense Pressure: Interest expenses remain significant (~$76M in Q1 2025), reflecting a considerable debt load, which weighs on net earnings.
Operating Cash Flow Negative in Q1 2025: The company reported a negative net cash flow from operations (-$92 million) this quarter, a reversal from positive cash flow in prior quarters like Q4 2024 ($596 million), which could indicate short-term operational headwinds.
Increasing Liabilities and Debt: Total liabilities were near $9.86 billion at Q1 2025, with a hefty amount of capital lease obligations stretching over $2.4 billion. Also, long-term debt remains around $1.17 billion, highlighting financial leverage risks.
Declining Net Income Trend: Comparing several quarters, Kohl's swung from strong profits in 2022 and early 2024 to losses in recent quarters, pointing to increased challenges in controlling costs or managing sales effectively amidst market conditions.

Summary: Kohl’s maintains a sizable scale with decent gross profits and ongoing investments, but profitability and operational cash flow have notably slipped recently, with Q1 2025 showing a loss and negative cash from operations. Interest expenses and liabilities remain high, presenting financial pressures. Retail investors should monitor Kohl’s ability to improve operational efficiencies, manage debt expenses, and return to consistent profitability in upcoming quarters.

07/31/25 04:31 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Kohl's' Financials

When does Kohl's' financial year end?

According to the most recent income statement we have on file, Kohl's' fiscal year ends in February. Their fiscal year 2025 ended on February 1, 2025.

How has Kohl's' net income changed over the last 10 years?

Kohl's' net income appears to be on a downward trend, with a most recent value of $109 million in 2024, falling from $867 million in 2014. The previous period was $317 million in 2023. Find out what analysts predict for Kohl's in the coming months.

What is Kohl's' operating income?

Kohl's' total operating income in 2024 was $433 million, based on the following breakdown:

Total Gross Profit: $6.56 billion
Total Operating Expenses: $6.13 billion

How has Kohl's' revenue changed over the last 10 years?

Over the last 10 years, Kohl's' total revenue changed from $19.02 billion in 2014 to $16.22 billion in 2024, a change of -14.7%.

How much debt does Kohl's have?

Kohl's' total liabilities were at $9.76 billion at the end of 2024, a 3.5% decrease from 2023, and a 17.0% increase since 2014.

How much cash does Kohl's have?

In the past 10 years, Kohl's' cash and equivalents has ranged from $134 million in 2024 to $2.27 billion in 2020, and is currently $134 million as of their latest financial filing in 2024.

How has Kohl's' book value per share changed over the last 10 years?

Over the last 10 years, Kohl's' book value per share changed from 29.66 in 2014 to 34.15 in 2024, a change of 15.2%.

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This page (NYSE:KSS) was last updated on 7/31/2025 by MarketBeat.com Staff

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Kohl's (KSS) Financials

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