Ralph Lauren (RL) Financials

$358.08 +4.53 (+1.28%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$358.45 +0.37 (+0.10%)

As of 05/8/2026 07:45 PM Eastern

Annual Income Statements for Ralph Lauren

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	4/2/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	4/2/2022	4/1/2023	3/30/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	702	396	-99	163	431	384	-121	600	523	646	743
Consolidated Net Income / (Loss)	702	396	-99	163	431	384	-121	600	523	646	743
Net Income / (Loss) Continuing Operations	702	396	-99	163	431	384	-121	600	523	646	743
Total Pre-Tax Income	987	552	-105	489	583	326	-75	755	692	777	951
Total Operating Income	1,035	583	-92	498	562	317	-44	798	704	756	932
Total Gross Profit	4,378	4,187	3,651	3,752	3,886	3,653	2,861	4,148	4,166	4,432	4,853
Total Revenue	7,620	7,405	6,653	6,182	6,313	6,160	4,401	6,219	6,444	6,631	7,079
Operating Revenue	7,620	7,405	6,653	6,182	6,313	6,160	4,401	6,219	6,444	6,631	7,079
Total Cost of Revenue	3,242	3,219	3,002	2,431	2,427	2,507	1,539	2,071	2,278	2,200	2,226
Operating Cost of Revenue	3,242	3,219	3,002	2,431	2,427	2,507	1,539	2,071	2,278	2,200	2,226
Total Operating Expenses	3,343	3,604	3,743	3,254	3,324	3,336	2,905	3,349	3,462	3,675	3,921
Selling, General & Admin Expense	3,300	3,413	3,171	3,096	3,168	3,238	2,639	3,306	3,409	3,601	3,863
Impairment Charge	6.90	49	254	50	26	32	96	21	9.70	0.00	0.80
Restructuring Charge	10	143	319	108	130	67	171	22	43	75	57
Total Other Income / (Expense), net	-48	-31	-13	-9.00	21	9.40	-31	-44	-12	21	19
Interest Expense	17	21	12	18	21	18	49	54	40	42	44
Interest & Investment Income	-12	6.30	7.30	12	41	34	9.70	5.50	32	73	74
Other Income / (Expense), net	-20	-16	-7.50	-3.10	0.60	-7.40	7.60	4.70	-4.10	-9.80	-11
Income Tax Expense	285	155	-5.60	326	152	-58	46	155	169	131	208
Basic Earnings per Share	$7.96	$4.65	($1.20)	$1.99	$5.35	$5.07	($1.65)	$8.22	$7.72	$9.91	$11.86
Weighted Average Basic Shares Outstanding	88.20M	85.20M	82.70M	81.70M	80.60M	75.80M	73.50M	73M	67.70M	65.20M	62.60M
Diluted Earnings per Share	$7.88	$4.62	($1.20)	$1.97	$5.27	$4.98	($1.65)	$8.07	$7.58	$9.71	$11.61
Weighted Average Diluted Shares Outstanding	89.10M	85.90M	82.70M	82.50M	81.70M	77.20M	73.50M	74.30M	69M	66.50M	64M
Weighted Average Basic & Diluted Shares Outstanding	88.20M	85.20M	82.80M	81.80M	80.50M	72.66M	73.13M	70.08M	65.40M	62.51M	60.32M
Cash Dividends to Common per Share	$1.85	$2.00	$2.00	$2.00	$2.50	$2.75	$0.00	$2.75	$3.00	$3.00	$3.30

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	132	147	277	91	169	148	297	129	220	208	362
Consolidated Net Income / (Loss)	132	147	277	91	169	148	297	129	220	208	362
Net Income / (Loss) Continuing Operations	132	147	277	91	169	148	297	129	220	208	362
Total Pre-Tax Income	171	166	330	112	217	188	384	162	278	243	464
Total Operating Income	166	165	318	108	209	179	390	155	274	246	471
Total Gross Profit	1,032	1,070	1,286	1,044	1,066	1,156	1,466	1,165	1,242	1,366	1,682
Total Revenue	1,497	1,633	1,934	1,568	1,512	1,726	2,144	1,697	1,719	2,011	2,406
Operating Revenue	1,497	1,633	1,934	1,568	1,512	1,726	2,144	1,697	1,719	2,011	2,406
Total Cost of Revenue	465	563	648	524	446	570	677	532	477	644	724
Operating Cost of Revenue	465	563	648	524	446	570	677	532	477	644	724
Total Operating Expenses	866	906	968	936	857	977	1,076	1,010	969	1,121	1,210
Selling, General & Admin Expense	830	896	968	907	850	958	1,064	991	949	1,083	1,179
Restructuring Charge	36	9.30	0.70	29	7.40	18	12	19	19	37	32
Total Other Income / (Expense), net	4.20	1.00	12	3.70	8.10	9.20	-6.00	7.30	4.40	-2.90	-7.50
Interest Expense	10	10	11	12	11	11	12	10	12	16	13
Interest & Investment Income	16	16	21	21	20	18	18	18	15	15	12
Other Income / (Expense), net	-1.50	-4.80	2.00	-5.50	-1.10	2.70	-12	-0.70	1.10	-1.60	-6.10
Income Tax Expense	39	19	53	21	48	40	86	33	58	35	102
Basic Earnings per Share	$2.01	$2.24	$4.25	$1.41	$2.67	$2.36	$4.76	$2.07	$3.62	$3.39	$5.91
Weighted Average Basic Shares Outstanding	65.90M	65.60M	65M	65.20M	63.20M	62.60M	62.50M	62.60M	61M	61.10M	61.10M
Diluted Earnings per Share	$1.96	$2.19	$4.19	$1.37	$2.61	$2.31	$4.66	$2.03	$3.52	$3.32	$5.82
Weighted Average Diluted Shares Outstanding	67.40M	67.20M	66M	66.50M	64.60M	63.90M	63.80M	64M	62.50M	62.40M	62.20M
Weighted Average Basic & Diluted Shares Outstanding	65.27M	64.63M	63.93M	62.51M	61.94M	62.10M	61.76M	60.32M	60.57M	60.64M	60.54M
Cash Dividends to Common per Share	$0.75	$0.75	$0.75	$0.75	$0.83	$0.83	$0.83	$0.82	$0.91	$0.91	$0.91

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	4/2/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	4/2/2022	4/1/2023	3/30/2024	3/29/2025
Net Change in Cash & Equivalents	-298	-35	226	644	-729	1,003	958	-716	-335	134	259
Net Cash From Operating Activities	893	1,017	953	975	784	755	381	716	411	1,070	1,235
Net Cash From Continuing Operating Activities	893	1,017	953	975	784	755	381	716	411	1,070	1,235
Net Income / (Loss) Continuing Operations	702	396	-99	163	431	384	-121	600	523	646	743
Consolidated Net Income / (Loss)	702	396	-99	163	431	384	-121	600	523	646	743
Depreciation Expense	294	309	308	295	281	270	248	230	221	229	220
Non-Cash Adjustments To Reconcile Net Income	67	197	550	136	133	158	113	40	71	84	132
Changes in Operating Assets and Liabilities, net	-170	114	195	381	-61	-57	142	-154	-403	110	140
Net Cash From Investing Activities	-689	-576	-208	-189	-879	702	195	-718	472	-257	-264
Net Cash From Continuing Investing Activities	-689	-576	-208	-189	-879	702	195	-718	472	-257	-264
Purchase of Property, Plant & Equipment	-391	-418	-284	-162	-198	-270	-108	-167	-218	-165	-216
Purchase of Investments	-1,398	-1,085	-860	-1,606	-3,055	-1,290	-701	-1,511	-599	-393	-782
Sale and/or Maturity of Investments	1,113	943	942	1,583	2,358	2,240	1,007	965	1,293	304	734
Other Investing Activities, net	-0.90	-	-	-4.60	-4.50	0.90	-3.50	-5.00	-5.80	-3.50	-0.40
Net Cash From Financing Activities	-421	-483	-518	-198	-606	-438	357	-666	-1,209	-666	-704
Net Cash From Continuing Financing Activities	-421	-483	-518	-198	-606	-438	357	-666	-1,209	-666	-704
Repayment of Debt	-2,599	-4,489	-3,879	0.00	-313	-0.90	-784	0.00	-500	0.00	0.00
Repurchase of Common Equity	-532	-500	-215	-17	-503	-695	-38	-493	-489	-450	-481
Payment of Dividends	-158	-170	-165	-162	-191	-204	-50	-150	-198	-195	-201
Other Financing Activities, net	60	33	5.00	-28	2.20	-14	-14	-23	-22	-21	-22
Effect of Exchange Rate Changes	-82	7.20	-	55	-28	-15	26	-48	-8.80	-14	-8.20

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Change in Cash & Equivalents	77	-226	424	-142	-77	-231	585	-18	168	-647	589
Net Cash From Operating Activities	271	73	605	121	277	97	738	122	176	53	780
Net Cash From Continuing Operating Activities	271	73	605	121	277	97	738	122	177	52	780
Net Income / (Loss) Continuing Operations	132	147	277	91	169	148	297	129	220	208	362
Consolidated Net Income / (Loss)	132	147	277	91	169	148	297	129	220	208	362
Depreciation Expense	58	59	56	56	54	56	54	55	56	57	60
Non-Cash Adjustments To Reconcile Net Income	24	43	16	0.90	26	33	44	30	18	58	24
Changes in Operating Assets and Liabilities, net	56	-176	256	-27	29	-139	343	-92	-116	-270	335
Net Cash From Investing Activities	-78	-55	-71	-53	-88	-192	55	-40	-198	-112	-93
Net Cash From Continuing Investing Activities	-78	-55	-71	-53	-88	-192	55	-40	-198	-112	-93
Purchase of Property, Plant & Equipment	-40	-43	-43	-40	-33	-42	-61	-80	-187	-94	-76
Purchase of Investments	-73	-85	-114	-121	-174	-322	-132	-154	-171	-193	-193
Sale and/or Maturity of Investments	35	73	86	111	119	172	248	195	154	175	178
Other Investing Activities, net	0.00	-	-1.00	-2.50	1.00	-	0.20	-1.60	6.00	-	-1.50
Net Cash From Financing Activities	-112	-223	-157	-174	-254	-186	-131	-133	114	-573	-99
Net Cash From Continuing Financing Activities	-112	-223	-157	-174	-254	-186	-131	-133	114	-573	-99
Repayment of Debt	-	-	-	-	0.00	-	-	-	-4.10	-400	-0.30
Repurchase of Common Equity	-57	-169	-103	-121	-201	-129	-74	-76	-323	-113	-38
Payment of Dividends	-49	-49	-49	-48	-48	-51	-51	-51	-51	-55	-55
Other Financing Activities, net	-6.00	-5.20	-5.10	-5.00	-4.90	-5.90	-5.70	-5.50	-6.00	-5.50	-6.20
Effect of Exchange Rate Changes	-3.90	-20	46	-36	-13	50	-78	33	76	-16	1.60

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	4/2/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	4/2/2022	4/1/2023	3/30/2024	3/29/2025
Total Assets	6,106	6,213	5,652	6,143	5,943	7,280	7,888	7,725	6,790	6,603	7,047
Total Current Assets	3,324	3,053	2,955	3,548	3,595	3,375	4,208	4,217	3,324	3,360	3,790
Cash & Equivalents	500	456	668	1,305	584	1,620	2,579	1,864	1,529	1,662	1,923
Short-Term Investments	644	629	685	699	1,403	496	198	735	36	121	161
Accounts Receivable	655	517	450	421	398	277	452	405	448	447	460
Inventories, net	1,042	1,125	792	761	818	736	759	977	1,071	902	950
Prepaid Expenses	281	268	280	324	359	161	167	173	189	172	242
Current Deferred & Refundable Income Taxes	202	58	79	38	32	85	54	64	51	56	55
Plant, Property, & Equipment, net	1,436	1,583	1,316	1,186	1,039	980	1,014	970	956	850	846
Total Noncurrent Assets	1,346	1,577	1,382	1,409	1,309	2,925	2,666	2,538	2,510	2,392	2,411
Goodwill	903	918	905	951	920	916	935	909	899	888	889
Intangible Assets	267	244	220	188	164	141	121	103	89	76	63
Noncurrent Deferred & Refundable Income Taxes	45	119	126	87	67	245	284	304	255	288	335
Other Noncurrent Operating Assets	131	297	131	184	159	1,624	1,326	1,223	1,267	1,140	1,124
Total Liabilities & Shareholders' Equity	6,106	6,213	5,652	6,143	5,943	7,280	7,888	7,725	6,790	6,603	7,047
Total Liabilities	2,215	2,470	2,352	2,686	2,656	4,587	5,283	5,189	4,359	4,152	4,459
Total Current Liabilities	1,186	1,198	1,160	1,587	1,200	2,092	1,585	2,256	1,494	1,467	2,134
Short-Term Debt	234	116	0.00	308	0.00	775	0.00	500	-	0.00	400
Accounts Payable	210	151	148	166	202	247	356	449	372	332	436
Current Deferred & Payable Income Tax Liabilities	27	33	30	30	29	65	51	54	60	80	147
Other Current Liabilities	715	898	983	1,083	968	1,006	1,178	1,253	1,062	1,055	1,152
Total Noncurrent Liabilities	1,029	1,271	1,193	1,099	1,456	2,495	3,698	2,933	2,866	2,685	2,325
Long-Term Debt	298	597	588	288	689	396	1,633	1,137	1,139	1,141	743
Noncurrent Deferred & Payable Income Tax Liabilities	116	81	63	79	79	89	91	92	94	119	193
Other Noncurrent Operating Liabilities	615	594	542	607	541	1,877	1,855	1,606	1,557	1,384	1,389
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,891	3,744	3,300	3,457	3,287	2,693	2,604	2,536	2,431	2,450	2,589
Total Preferred & Common Equity	3,891	3,744	3,300	3,457	3,287	2,693	2,604	2,536	2,431	2,450	2,589
Total Common Equity	3,891	3,744	3,300	3,456	3,287	2,692	2,604	2,536	2,431	2,450	2,589
Common Stock	2,118	2,259	2,310	2,383	2,495	2,594	2,668	2,750	2,826	2,925	3,033
Retained Earnings	5,787	6,015	5,752	5,752	5,979	5,994	5,873	6,275	6,598	7,052	7,590
Treasury Stock	-3,849	-4,349	-4,564	-4,581	-5,084	-5,778	-5,816	-6,309	-6,797	-7,250	-7,735
Accumulated Other Comprehensive Income / (Loss)	-165	-182	-198	-99	-103	-118	-121	-180	-196	-276	-300

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	6/28/2025	9/27/2025	12/27/2025
Total Assets	6,790	6,868	6,723	7,005	6,603	6,641	6,800	7,081	7,752	7,348	7,814
Total Current Assets	3,324	3,473	3,395	3,639	3,360	3,448	3,605	3,900	4,199	3,753	4,189
Cash & Equivalents	1,529	1,607	1,382	1,804	1,662	1,587	1,355	1,940	2,090	1,443	2,032
Short-Term Investments	36	73	85	114	121	174	335	203	187	203	219
Accounts Receivable	448	346	461	404	447	372	518	435	397	525	461
Inventories, net	1,071	1,188	1,195	1,055	902	1,039	1,128	999	1,222	1,261	1,149
Prepaid Expenses	189	208	221	219	172	226	213	275	247	268	259
Current Deferred & Refundable Income Taxes	51	51	50	44	56	51	56	49	56	54	69
Plant, Property, & Equipment, net	956	930	876	874	850	826	832	825	1,014	1,055	1,071
Total Noncurrent Assets	2,510	2,465	2,453	2,491	2,392	2,367	2,363	2,355	2,540	2,539	2,553
Goodwill	899	893	883	900	888	883	901	876	914	911	912
Intangible Assets	89	86	82	79	76	73	69	66	60	57	55
Noncurrent Deferred & Refundable Income Taxes	255	258	263	305	288	267	281	298	366	326	326
Other Noncurrent Operating Assets	1,267	1,229	1,225	1,207	1,140	1,145	1,112	1,115	1,200	1,245	1,260
Total Liabilities & Shareholders' Equity	6,790	6,868	6,723	7,005	6,603	6,641	6,800	7,081	7,752	7,348	7,814
Total Liabilities	4,359	4,427	4,354	4,433	4,152	4,274	4,358	4,542	5,236	4,766	4,925
Total Current Liabilities	1,494	1,594	1,610	1,678	1,467	1,574	2,092	2,222	2,286	1,840	1,996
Short-Term Debt	-	-	-	-	0.00	-	399	400	400	0.00	0.00
Accounts Payable	372	448	460	412	332	478	496	490	609	533	544
Current Deferred & Payable Income Tax Liabilities	60	62	56	102	80	58	61	110	148	42	94
Other Current Liabilities	1,062	1,084	1,094	1,164	1,055	1,038	1,136	1,223	1,129	1,265	1,358
Total Noncurrent Liabilities	2,866	2,834	2,744	2,754	2,685	2,700	2,265	2,320	2,951	2,926	2,930
Long-Term Debt	1,139	1,139	1,140	1,140	1,141	1,141	742	743	1,237	1,238	1,238
Noncurrent Deferred & Payable Income Tax Liabilities	94	99	101	113	119	123	133	171	217	165	169
Other Noncurrent Operating Liabilities	1,557	1,520	1,461	1,460	1,384	1,394	1,390	1,407	1,496	1,523	1,522
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,431	2,441	2,369	2,572	2,450	2,367	2,442	2,539	2,515	2,582	2,888
Total Preferred & Common Equity	2,431	2,441	2,369	2,572	2,450	2,367	2,442	2,539	2,515	2,582	2,888
Total Common Equity	2,431	2,441	2,369	2,572	2,450	2,367	2,442	2,539	2,515	2,582	2,888
Common Stock	2,826	2,847	2,876	2,901	2,925	2,949	2,985	3,010	3,055	3,095	3,120
Retained Earnings	6,598	6,681	6,780	7,008	7,052	7,169	7,265	7,512	7,755	7,907	8,214
Treasury Stock	-6,797	-6,855	-7,024	-7,128	-7,250	-7,453	-7,583	-7,658	-8,060	-8,172	-8,210
Accumulated Other Comprehensive Income / (Loss)	-196	-233	-263	-209	-276	-298	-226	-325	-236	-248	-235

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/28/2015	4/2/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	3/27/2021	4/2/2022	4/1/2023	3/30/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.29%	-2.82%	-10.16%	-7.07%	2.11%	-2.43%	-28.56%	41.30%	3.62%	2.91%	6.75%
EBITDA Growth	-5.28%	-33.14%	-76.29%	280.50%	6.76%	-31.36%	-63.46%	388.09%	-10.86%	5.97%	16.89%
EBIT Growth	-9.72%	-44.22%	-117.62%	596.09%	13.59%	-44.95%	-111.63%	2,330.83%	-12.83%	6.64%	23.33%
NOPAT Growth	-7.97%	-43.14%	-115.43%	356.61%	150.66%	-10.19%	-108.18%	2,180.38%	-16.21%	18.21%	15.83%
Net Income Growth	-9.51%	-43.55%	-125.05%	263.95%	164.68%	-10.81%	-131.51%	595.54%	-12.90%	23.65%	14.95%
EPS Growth	-6.52%	-41.37%	-125.97%	264.17%	167.51%	-5.50%	-133.13%	589.09%	-6.07%	28.10%	19.57%
Operating Cash Flow Growth	-1.51%	13.81%	-6.30%	2.36%	-19.62%	-3.73%	-49.52%	87.95%	-42.59%	160.27%	15.46%
Free Cash Flow Firm Growth	18.65%	-35.21%	136.10%	-15.62%	-26.82%	28.94%	-58.24%	103.46%	-80.34%	703.71%	7.68%
Invested Capital Growth	7.61%	2.80%	-24.80%	-19.14%	-2.97%	-12.12%	-16.42%	7.74%	27.28%	-9.77%	-8.82%
Revenue Q/Q Growth	0.24%	-0.19%	-4.39%	-0.58%	-0.37%	-3.62%	0.29%	3.94%	0.28%	0.41%	1.86%
EBITDA Q/Q Growth	-2.53%	-11.88%	-62.22%	62.48%	-0.17%	-35.46%	553.10%	6.58%	-0.24%	6.34%	4.68%
EBIT Q/Q Growth	-4.19%	-18.09%	-142.40%	158.67%	0.92%	-50.62%	88.03%	8.88%	0.14%	8.64%	5.99%
NOPAT Q/Q Growth	-2.75%	-17.83%	-141.33%	290.00%	-3.52%	-42.06%	85.55%	18.69%	-0.91%	11.05%	5.13%
Net Income Q/Q Growth	-3.94%	-17.28%	-167.97%	297.33%	-2.20%	-42.20%	59.09%	19.64%	1.53%	9.93%	5.44%
EPS Q/Q Growth	-3.31%	-16.76%	-168.57%	298.99%	-1.68%	-42.29%	57.80%	20.45%	1.07%	10.22%	6.03%
Operating Cash Flow Q/Q Growth	-13.86%	18.87%	-6.18%	-7.40%	10.85%	-11.09%	11.64%	-17.52%	41.14%	11.11%	0.10%
Free Cash Flow Firm Q/Q Growth	-14.55%	-16.33%	43.31%	-15.74%	15.87%	-14.62%	65.89%	-25.49%	74,906.72%	21.24%	-6.47%
Invested Capital Q/Q Growth	6.43%	5.34%	-10.05%	4.67%	0.56%	-8.13%	-4.94%	14.77%	4.98%	0.73%	7.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.45%	56.54%	54.88%	60.68%	61.56%	59.31%	65.02%	66.70%	64.65%	66.83%	68.55%
EBITDA Margin	17.19%	11.83%	3.12%	12.78%	13.36%	9.40%	4.81%	16.61%	14.29%	14.71%	16.11%
Operating Margin	13.59%	7.87%	-1.39%	8.06%	8.90%	5.15%	-0.99%	12.84%	10.93%	11.41%	13.17%
EBIT Margin	13.33%	7.65%	-1.50%	8.01%	8.91%	5.03%	-0.82%	12.91%	10.87%	11.26%	13.01%
Profit (Net Income) Margin	9.21%	5.35%	-1.49%	2.63%	6.83%	6.24%	-2.75%	9.65%	8.11%	9.75%	10.49%
Tax Burden Percent	71.12%	71.84%	94.66%	33.28%	73.97%	117.74%	161.90%	79.53%	75.55%	83.14%	78.14%
Interest Burden Percent	97.22%	97.41%	105.11%	98.81%	103.57%	105.43%	207.78%	93.96%	98.83%	104.13%	103.25%
Effective Tax Rate	28.88%	28.16%	0.00%	66.72%	26.03%	-17.74%	0.00%	20.47%	24.45%	16.86%	21.86%
Return on Invested Capital (ROIC)	23.28%	12.59%	-2.19%	7.23%	20.58%	19.98%	-1.90%	41.84%	29.74%	33.00%	42.15%
ROIC Less NNEP Spread (ROIC-NNEP)	27.55%	17.12%	3.91%	7.51%	19.45%	18.99%	6.77%	45.15%	31.08%	29.74%	40.32%
Return on Net Nonoperating Assets (RNNOA)	-5.56%	-2.21%	-0.63%	-2.41%	-7.80%	-7.12%	-2.67%	-18.50%	-8.69%	-6.52%	-12.67%
Return on Equity (ROE)	17.72%	10.38%	-2.82%	4.82%	12.78%	12.85%	-4.57%	23.35%	21.05%	26.48%	29.49%
Cash Return on Invested Capital (CROIC)	15.94%	9.83%	26.13%	28.40%	23.59%	32.88%	15.99%	34.39%	5.74%	43.27%	51.39%
Operating Return on Assets (OROA)	16.66%	9.20%	-1.68%	8.39%	9.31%	4.68%	-0.47%	10.29%	9.65%	11.15%	13.49%
Return on Assets (ROA)	11.52%	6.44%	-1.67%	2.76%	7.13%	5.81%	-1.60%	7.69%	7.20%	9.65%	10.89%
Return on Common Equity (ROCE)	17.72%	10.38%	-2.82%	4.82%	12.78%	12.85%	-4.57%	23.35%	21.05%	26.48%	29.49%
Return on Equity Simple (ROE_SIMPLE)	18.05%	10.59%	-3.01%	4.71%	13.11%	14.27%	-4.65%	23.66%	21.51%	26.38%	28.70%
Net Operating Profit after Tax (NOPAT)	736	419	-65	166	416	373	-31	635	532	629	728
NOPAT Margin	9.66%	5.65%	-0.97%	2.68%	6.58%	6.06%	-0.69%	10.21%	8.26%	9.48%	10.29%
Net Nonoperating Expense Percent (NNEP)	-4.27%	-4.52%	-6.10%	-0.28%	1.13%	0.99%	-8.67%	-3.31%	-1.34%	3.26%	1.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	19.52%
Cost of Revenue to Revenue	42.55%	43.46%	45.12%	39.32%	38.44%	40.69%	34.98%	33.30%	35.35%	33.17%	31.45%
SG&A Expenses to Revenue	43.31%	46.08%	47.66%	50.07%	50.19%	52.56%	59.96%	53.16%	52.90%	54.29%	54.57%
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	43.86%	48.67%	56.27%	52.63%	52.66%	54.16%	66.01%	53.86%	53.72%	55.42%	55.39%
Earnings before Interest and Taxes (EBIT)	1,016	567	-100	495	562	310	-36	803	700	747	921
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,310	876	208	790	844	579	212	1,033	921	976	1,140
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	1.83	1.75	2.31	2.78	1.72	3.16	2.97	3.08	4.88	5.15
Price to Tangible Book Value (P/TBV)	3.47	2.66	2.65	3.44	4.14	2.83	5.32	4.94	5.20	8.04	8.14
Price to Revenue (P/Rev)	1.24	0.93	0.87	1.29	1.45	0.75	1.87	1.21	1.16	1.80	1.88
Price to Earnings (P/E)	13.45	17.30	0.00	48.99	21.20	12.03	0.00	12.54	14.34	18.48	17.93
Dividend Yield	1.71%	2.45%	2.85%	2.04%	2.15%	4.39%	0.00%	2.60%	2.64%	1.61%	1.53%
Earnings Yield	7.43%	5.78%	0.00%	2.04%	4.72%	8.31%	0.00%	7.97%	6.97%	5.41%	5.58%
Enterprise Value to Invested Capital (EV/IC)	2.69	1.92	1.97	3.20	3.94	2.10	4.86	4.17	3.53	6.25	7.51
Enterprise Value to Revenue (EV/Rev)	1.16	0.88	0.75	1.06	1.24	0.60	1.61	1.06	1.10	1.70	1.75
Enterprise Value to EBITDA (EV/EBITDA)	6.75	7.41	24.06	8.31	9.29	6.35	33.53	6.36	7.68	11.59	10.86
Enterprise Value to EBIT (EV/EBIT)	8.70	11.45	0.00	13.27	13.93	11.88	0.00	8.18	10.10	15.14	13.45
Enterprise Value to NOPAT (EV/NOPAT)	12.00	15.49	0.00	39.62	18.86	9.86	0.00	10.34	13.29	17.98	17.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.89	6.38	5.25	6.74	10.00	4.88	18.62	9.17	17.20	10.57	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	17.52	19.85	6.48	10.09	16.45	5.99	27.66	12.58	68.89	13.71	13.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.19	0.18	0.17	0.21	0.43	0.63	0.65	0.47	0.47	0.44
Long-Term Debt to Equity	0.08	0.16	0.18	0.08	0.21	0.15	0.63	0.45	0.47	0.47	0.29
Financial Leverage	-0.20	-0.13	-0.16	-0.32	-0.40	-0.38	-0.39	-0.41	-0.28	-0.22	-0.31
Leverage Ratio	1.54	1.61	1.68	1.75	1.79	2.21	2.86	3.04	2.92	2.74	2.71
Compound Leverage Factor	1.50	1.57	1.77	1.72	1.86	2.33	5.95	2.85	2.89	2.86	2.80
Debt to Total Capital	12.03%	16.00%	15.13%	14.71%	17.33%	30.30%	38.54%	39.22%	31.90%	31.76%	30.62%
Short-Term Debt to Total Capital	5.29%	2.61%	0.00%	7.60%	0.00%	20.05%	0.00%	11.98%	0.00%	0.00%	10.71%
Long-Term Debt to Total Capital	6.74%	13.40%	15.13%	7.10%	17.33%	10.26%	38.54%	27.24%	31.90%	31.76%	19.91%
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	87.97%	84.00%	84.87%	85.26%	82.67%	69.66%	61.46%	60.78%	68.10%	68.24%	69.38%
Debt to EBITDA	0.41	0.81	2.83	0.75	0.82	2.02	7.72	1.58	1.24	1.17	1.00
Net Debt to EBITDA	-0.47	-0.43	-3.68	-1.78	-1.54	-1.63	-5.40	-0.93	-0.46	-0.66	-0.82
Long-Term Debt to EBITDA	0.23	0.68	2.83	0.36	0.82	0.68	7.72	1.10	1.24	1.17	0.65
Debt to NOPAT	0.72	1.70	-9.10	3.60	1.66	3.14	-53.50	2.58	2.14	1.81	1.57
Net Debt to NOPAT	-0.83	-0.89	11.84	-8.49	-3.12	-2.53	37.47	-1.52	-0.80	-1.02	-1.29
Long-Term Debt to NOPAT	0.40	1.43	-9.10	1.74	1.66	1.06	-53.50	1.79	2.14	1.81	1.02
Altman Z-Score	6.10	4.87	4.39	4.75	5.33	2.96	2.92	3.46	4.01	4.94	5.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.80	2.55	2.55	2.24	3.00	1.61	2.66	1.87	2.23	2.29	1.78
Quick Ratio	1.52	1.34	1.55	1.53	1.99	1.14	2.04	1.33	1.35	1.52	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	504	327	771	651	476	614	256	522	103	825	888
Operating Cash Flow to CapEx	228.35%	243.40%	335.42%	603.40%	441.08%	302.44%	353.34%	428.94%	188.97%	649.09%	571.28%
Free Cash Flow to Firm to Interest Expense	30.20	15.56	62.22	35.77	23.01	34.90	5.29	9.66	2.54	19.54	20.13
Operating Cash Flow to Interest Expense	53.49	48.41	76.82	53.58	37.86	42.88	7.85	13.26	10.17	25.35	28.01
Operating Cash Flow Less CapEx to Interest Expense	30.07	28.52	53.92	44.70	29.28	28.70	5.63	10.17	4.79	21.44	23.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.25	1.20	1.12	1.05	1.04	0.93	0.58	0.80	0.89	0.99	1.04
Accounts Receivable Turnover	12.26	12.64	13.76	14.19	15.41	18.25	12.08	14.51	15.11	14.83	15.63
Inventory Turnover	3.14	2.97	3.13	3.13	3.07	3.23	2.06	2.39	2.22	2.23	2.40
Fixed Asset Turnover	5.53	4.91	4.59	4.94	5.67	6.10	4.42	6.27	6.69	7.34	8.34
Accounts Payable Turnover	15.70	17.83	20.10	15.52	13.19	11.16	5.11	5.15	5.55	6.25	5.80
Days Sales Outstanding (DSO)	29.77	28.87	26.52	25.73	23.69	20.00	30.21	25.15	24.16	24.61	23.36
Days Inventory Outstanding (DIO)	116.06	122.85	116.50	116.59	118.74	113.15	177.26	153.01	164.14	163.74	151.81
Days Payable Outstanding (DPO)	23.25	20.47	18.16	23.52	27.66	32.70	71.45	70.90	65.72	58.39	62.98
Cash Conversion Cycle (CCC)	122.58	131.26	124.85	118.80	114.77	100.45	136.02	107.25	122.57	129.96	112.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,279	3,371	2,535	2,050	1,989	1,748	1,461	1,574	2,003	1,808	1,648
Invested Capital Turnover	2.41	2.23	2.25	2.70	3.13	3.30	2.74	4.10	3.60	3.48	4.10
Increase / (Decrease) in Invested Capital	232	92	-836	-485	-61	-241	-287	113	429	-196	-160
Enterprise Value (EV)	8,836	6,487	4,997	6,568	7,837	3,679	7,094	6,566	7,068	11,304	12,381
Market Capitalization	9,448	6,860	5,761	7,976	9,135	4,624	8,238	7,528	7,495	11,946	13,321
Book Value per Share	$44.56	$44.56	$40.14	$42.52	$41.81	$36.50	$35.62	$35.63	$36.84	$38.33	$41.91
Tangible Book Value per Share	$31.16	$30.73	$26.46	$28.51	$28.03	$22.18	$21.18	$21.42	$21.87	$23.25	$26.51
Total Capital	4,423	4,457	3,888	4,054	3,976	3,864	4,237	4,172	3,569	3,591	3,731
Total Debt	532	713	588	596	689	1,171	1,633	1,636	1,139	1,141	1,143
Total Long-Term Debt	298	597	588	288	689	396	1,633	1,137	1,139	1,141	743
Net Debt	-612	-373	-765	-1,408	-1,298	-945	-1,144	-962	-427	-643	-940
Capital Expenditures (CapEx)	391	418	284	162	178	250	108	167	218	165	216
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,228	885	442	265	407	-59	-153	-137	265	109	-27
Debt-free Net Working Capital (DFNWC)	2,372	1,971	1,795	2,269	2,395	2,058	2,623	2,461	1,831	1,893	2,056
Net Working Capital (NWC)	2,138	1,854	1,795	1,961	2,395	1,283	2,623	1,962	1,831	1,893	1,656
Net Nonoperating Expense (NNE)	34	22	35	3.00	-15	-11	91	35	9.29	-17	-15
Net Nonoperating Obligations (NNO)	-612	-373	-765	-1,408	-1,298	-945	-1,144	-962	-427	-643	-940
Total Depreciation and Amortization (D&A)	294	309	308	295	281	270	248	230	221	229	220
Debt-free, Cash-free Net Working Capital to Revenue	16.11%	11.95%	6.64%	4.29%	6.45%	-0.95%	-3.48%	-2.20%	4.11%	1.65%	-0.38%
Debt-free Net Working Capital to Revenue	31.13%	26.61%	26.98%	36.71%	37.93%	33.41%	59.61%	39.58%	28.41%	28.54%	29.04%
Net Working Capital to Revenue	28.06%	25.04%	26.98%	31.72%	37.93%	20.83%	59.61%	31.54%	28.41%	28.54%	23.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.96	$4.65	($1.20)	$1.99	$5.35	$5.07	($1.65)	$8.22	$7.72	$9.91	$11.86
Adjusted Weighted Average Basic Shares Outstanding	88.20M	85.20M	82.70M	81.70M	80.60M	75.80M	73.50M	73M	67.70M	65.20M	62.60M
Adjusted Diluted Earnings per Share	$7.88	$4.62	($1.20)	$1.97	$5.27	$4.98	($1.65)	$8.07	$7.58	$9.71	$11.61
Adjusted Weighted Average Diluted Shares Outstanding	89.10M	85.90M	82.70M	82.50M	81.70M	77.20M	73.50M	74.30M	69M	66.50M	64M
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	86.27M	82.90M	81.00M	81.55M	78.07M	72.66M	73.13M	70.08M	65.40M	62.51M	60.32M
Normalized Net Operating Profit after Tax (NOPAT)	748	556	336	459	531	291	156	670	572	691	774
Normalized NOPAT Margin	9.82%	7.51%	5.05%	7.43%	8.41%	4.73%	3.55%	10.77%	8.87%	10.42%	10.93%
Pre Tax Income Margin	12.96%	7.45%	-1.58%	7.91%	9.23%	5.30%	-1.70%	12.13%	10.74%	11.72%	13.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	60.81	26.98	-8.05	27.20	27.17	17.59	-0.74	14.87	17.33	17.69	20.88
NOPAT to Interest Expense	44.09	19.94	-5.21	9.11	20.08	21.21	-0.63	11.76	13.17	14.90	16.52
EBIT Less CapEx to Interest Expense	37.39	7.09	-30.95	18.32	18.58	3.41	-2.96	11.78	11.95	13.79	15.98
NOPAT Less CapEx to Interest Expense	20.67	0.05	-28.11	0.23	11.49	7.03	-2.85	8.67	7.78	11.00	11.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.53%	42.96%	-165.96%	99.75%	44.26%	53.06%	-41.12%	25.00%	37.94%	30.11%	27.07%
Augmented Payout Ratio	98.23%	169.20%	-382.68%	110.26%	160.90%	233.85%	-72.25%	107.08%	131.41%	99.69%	91.80%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.40%	3.36%	5.55%	1.76%	1.05%	5.70%	10.83%	8.25%	13.68%	16.49%	12.25%
EBITDA Growth	-0.89%	-14.87%	10.89%	58.14%	17.29%	8.85%	14.87%	32.22%	26.13%	26.78%	21.56%
EBIT Growth	-3.23%	-21.33%	12.65%	138.46%	25.77%	13.71%	18.08%	50.83%	32.45%	34.42%	23.23%
NOPAT Growth	-3.33%	-6.08%	22.33%	232.27%	25.96%	-3.66%	13.36%	40.49%	33.65%	49.27%	21.65%
Net Income Growth	7.05%	-2.39%	27.76%	180.81%	27.63%	0.68%	7.52%	42.23%	30.72%	40.30%	21.59%
EPS Growth	13.29%	0.46%	30.94%	191.49%	33.16%	5.48%	11.22%	48.18%	34.87%	43.72%	24.89%
Operating Cash Flow Growth	497.57%	267.97%	53.15%	764.29%	2.44%	33.33%	22.03%	0.99%	-36.49%	-45.27%	5.58%
Free Cash Flow Firm Growth	77.12%	120.96%	219.13%	170.32%	773.91%	257.72%	46.86%	-0.24%	-71.69%	-124.39%	-94.69%
Invested Capital Growth	10.18%	3.31%	-5.96%	-9.77%	-8.01%	-7.23%	-14.29%	-8.82%	7.32%	14.80%	21.96%
Revenue Q/Q Growth	-2.88%	9.12%	18.43%	-18.93%	-3.55%	14.14%	24.19%	-20.82%	1.28%	16.96%	19.66%
EBITDA Q/Q Growth	122.98%	-2.24%	72.27%	-57.89%	65.38%	-9.28%	81.81%	-51.53%	57.76%	-8.81%	74.33%
EBIT Q/Q Growth	284.38%	-3.15%	100.19%	-68.00%	102.74%	-12.44%	107.87%	-59.13%	78.03%	-11.14%	90.58%
NOPAT Q/Q Growth	388.22%	13.32%	82.49%	-67.09%	85.08%	-13.33%	114.73%	-59.21%	76.07%	-3.20%	74.99%
Net Income Q/Q Growth	308.98%	11.20%	88.29%	-67.21%	85.89%	-12.28%	101.08%	-56.62%	70.85%	-5.85%	74.27%
EPS Q/Q Growth	317.02%	11.73%	91.32%	-67.30%	90.51%	-11.49%	101.73%	-56.44%	73.40%	-5.68%	75.30%
Operating Cash Flow Q/Q Growth	1,833.57%	-73.07%	730.04%	-80.00%	129.17%	-64.95%	659.67%	-83.45%	44.11%	-69.79%	1,365.41%
Free Cash Flow Firm Q/Q Growth	88.42%	272.79%	371.70%	-25.47%	10.94%	-8.28%	93.66%	-49.38%	-68.51%	-179.00%	142.16%
Invested Capital Q/Q Growth	-5.17%	7.48%	-12.11%	0.73%	-3.32%	8.38%	-18.80%	7.15%	13.80%	15.94%	-13.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.96%	65.53%	66.49%	66.57%	70.48%	66.96%	68.40%	68.66%	72.26%	67.96%	69.90%
EBITDA Margin	14.91%	13.36%	19.44%	10.10%	17.31%	13.76%	20.14%	12.33%	19.21%	14.97%	21.82%
Operating Margin	11.12%	10.07%	16.43%	6.88%	13.79%	10.37%	18.18%	9.13%	15.92%	12.22%	19.59%
EBIT Margin	11.02%	9.78%	16.53%	6.52%	13.72%	10.52%	17.61%	9.09%	15.98%	12.14%	19.34%
Profit (Net Income) Margin	8.83%	9.00%	14.30%	5.78%	11.15%	8.57%	13.87%	7.60%	12.82%	10.32%	15.03%
Tax Burden Percent	77.43%	88.76%	83.87%	81.35%	77.84%	78.63%	77.51%	79.48%	79.28%	85.46%	77.96%
Interest Burden Percent	103.46%	103.63%	103.16%	108.99%	104.44%	103.58%	101.64%	105.18%	101.20%	99.47%	99.70%
Effective Tax Rate	22.57%	11.24%	16.13%	18.65%	22.16%	21.37%	22.49%	20.52%	20.72%	14.54%	22.04%
Return on Invested Capital (ROIC)	30.65%	28.94%	49.15%	19.46%	39.12%	27.91%	58.77%	29.74%	50.75%	38.86%	70.08%
ROIC Less NNEP Spread (ROIC-NNEP)	30.10%	28.65%	47.63%	18.90%	38.03%	26.26%	59.29%	29.00%	50.19%	39.38%	70.66%
Return on Net Nonoperating Assets (RNNOA)	-7.40%	-3.76%	-12.63%	-4.14%	-9.18%	-4.78%	-20.63%	-9.11%	-12.95%	-7.49%	-26.22%
Return on Equity (ROE)	23.25%	25.18%	36.51%	15.32%	29.94%	23.13%	38.14%	20.63%	37.80%	31.37%	43.87%
Cash Return on Invested Capital (CROIC)	19.44%	22.52%	36.73%	43.27%	44.65%	40.89%	56.97%	51.39%	36.16%	28.11%	33.96%
Operating Return on Assets (OROA)	10.29%	9.45%	15.55%	6.46%	13.50%	10.49%	17.38%	9.43%	16.18%	12.99%	20.34%
Return on Assets (ROA)	8.24%	8.69%	13.45%	5.73%	10.97%	8.54%	13.69%	7.88%	12.98%	11.04%	15.81%
Return on Common Equity (ROCE)	23.25%	25.18%	36.51%	15.32%	29.94%	23.13%	38.14%	20.63%	37.80%	31.37%	43.87%
Return on Equity Simple (ROE_SIMPLE)	21.77%	22.28%	22.86%	0.00%	28.85%	28.00%	27.75%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	129	146	266	88	162	141	302	123	217	210	367
NOPAT Margin	8.61%	8.94%	13.78%	5.59%	10.73%	8.15%	14.09%	7.26%	12.62%	10.44%	15.27%
Net Nonoperating Expense Percent (NNEP)	0.55%	0.29%	1.52%	0.56%	1.09%	1.65%	-0.52%	0.73%	0.55%	-0.52%	-0.58%
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.18%	-	-	-	8.21%	3.30%	5.22%	5.50%	8.90%
Cost of Revenue to Revenue	31.04%	34.47%	33.51%	33.43%	29.52%	33.04%	31.60%	31.34%	27.74%	32.04%	30.10%
SG&A Expenses to Revenue	55.46%	54.89%	50.03%	57.82%	56.20%	55.53%	49.65%	58.36%	55.23%	53.88%	48.99%
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	57.84%	55.46%	50.07%	59.69%	56.69%	56.59%	50.22%	59.52%	56.35%	55.74%	50.31%
Earnings before Interest and Taxes (EBIT)	165	160	320	102	207	182	378	154	275	244	465
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	223	218	376	158	262	238	432	209	330	301	525
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.24	3.14	3.56	4.88	4.62	4.98	5.61	5.15	6.63	7.32	7.52
Price to Tangible Book Value (P/TBV)	5.40	5.30	5.75	8.04	7.75	8.27	8.93	8.14	10.81	11.71	11.30
Price to Revenue (P/Rev)	1.23	1.14	1.39	1.80	1.65	1.81	2.05	1.88	2.29	2.50	2.77
Price to Earnings (P/E)	14.87	14.10	15.59	18.48	16.03	17.80	20.23	17.93	20.98	22.12	23.64
Dividend Yield	2.48%	2.63%	2.12%	1.61%	1.76%	1.60%	1.40%	1.53%	1.23%	1.11%	0.99%
Earnings Yield	6.73%	7.09%	6.41%	5.41%	6.24%	5.62%	4.94%	5.58%	4.77%	4.52%	4.23%
Enterprise Value to Invested Capital (EV/IC)	3.87	3.48	4.68	6.25	5.91	6.14	8.62	7.51	8.55	8.50	11.04
Enterprise Value to Revenue (EV/Rev)	1.14	1.09	1.27	1.70	1.55	1.72	1.91	1.75	2.20	2.44	2.64
Enterprise Value to EBITDA (EV/EBITDA)	8.01	8.08	9.15	11.59	10.18	11.25	12.17	10.86	13.26	14.53	15.16
Enterprise Value to EBIT (EV/EBIT)	10.60	10.92	12.21	15.14	13.08	14.33	15.26	13.45	16.22	17.60	18.19
Enterprise Value to NOPAT (EV/NOPAT)	13.95	13.74	14.82	17.98	15.59	17.69	19.13	17.00	20.47	21.70	22.57
Enterprise Value to Operating Cash Flow (EV/OCF)	11.56	9.45	8.71	10.57	9.59	10.56	10.74	10.02	14.14	16.96	18.30
Enterprise Value to Free Cash Flow (EV/FCFF)	20.90	15.72	12.34	13.71	12.68	14.45	13.96	13.94	24.47	32.34	35.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.48	0.44	0.47	0.48	0.47	0.45	0.44	0.65	0.48	0.43
Long-Term Debt to Equity	0.47	0.48	0.44	0.47	0.48	0.30	0.29	0.29	0.49	0.48	0.43
Financial Leverage	-0.25	-0.13	-0.27	-0.22	-0.24	-0.18	-0.35	-0.31	-0.26	-0.19	-0.37
Leverage Ratio	2.88	2.91	2.79	2.74	2.81	2.81	2.76	2.71	2.95	2.82	2.74
Compound Leverage Factor	2.98	3.02	2.87	2.99	2.93	2.91	2.80	2.85	2.98	2.80	2.74
Debt to Total Capital	31.82%	32.48%	30.71%	31.76%	32.53%	31.85%	31.02%	30.62%	39.42%	32.40%	30.01%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	11.14%	10.85%	10.71%	9.63%	0.00%	0.00%
Long-Term Debt to Total Capital	31.82%	32.48%	30.71%	31.76%	32.53%	20.71%	20.17%	19.91%	29.80%	32.40%	30.01%
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	68.18%	67.52%	69.29%	68.24%	67.47%	68.15%	68.98%	69.38%	60.58%	67.60%	69.99%
Debt to EBITDA	1.24	1.29	1.24	1.17	1.13	1.10	1.05	1.00	1.35	0.97	0.91
Net Debt to EBITDA	-0.59	-0.37	-0.85	-0.66	-0.61	-0.53	-0.92	-0.82	-0.53	-0.32	-0.74
Long-Term Debt to EBITDA	1.24	1.29	1.24	1.17	1.13	0.72	0.68	0.65	1.02	0.97	0.91
Debt to NOPAT	2.16	2.20	2.01	1.81	1.72	1.74	1.65	1.57	2.09	1.45	1.35
Net Debt to NOPAT	-1.03	-0.63	-1.37	-1.02	-0.94	-0.83	-1.44	-1.29	-0.82	-0.48	-1.10
Long-Term Debt to NOPAT	2.16	2.20	2.01	1.81	1.72	1.13	1.07	1.02	1.58	1.45	1.35
Altman Z-Score	3.78	3.80	4.07	4.62	4.49	4.52	4.81	4.66	4.66	5.34	5.65
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	2.18	2.11	2.17	2.29	2.19	1.72	1.76	1.78	1.84	2.04	2.10
Quick Ratio	1.27	1.20	1.38	1.52	1.36	1.06	1.16	1.19	1.17	1.18	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-47	81	380	283	314	288	558	283	89	-70	30
Operating Cash Flow to CapEx	683.59%	170.33%	1,423.76%	303.26%	830.24%	233.09%	1,206.54%	152.94%	94.02%	56.72%	1,031.22%
Free Cash Flow to Firm to Interest Expense	-4.67	8.06	35.87	24.43	28.84	25.30	48.14	27.72	7.74	-4.42	2.23
Operating Cash Flow to Interest Expense	27.07	7.29	57.08	10.43	25.44	8.53	63.66	11.98	15.31	3.35	58.62
Operating Cash Flow Less CapEx to Interest Expense	23.11	3.01	53.08	6.99	22.38	4.87	58.38	4.15	-0.97	-2.55	52.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.97	0.94	0.99	0.98	1.00	0.99	1.04	1.01	1.07	1.05
Accounts Receivable Turnover	18.53	13.68	15.95	14.83	18.53	13.77	16.56	15.63	18.96	14.52	17.49
Inventory Turnover	1.90	1.84	1.98	2.23	1.96	1.88	2.16	2.40	2.00	1.95	2.21
Fixed Asset Turnover	6.93	7.33	7.25	7.34	7.57	7.89	8.18	8.34	7.92	8.02	8.26
Accounts Payable Turnover	4.46	4.72	5.15	6.25	4.71	4.58	4.92	5.80	4.15	4.53	4.60
Days Sales Outstanding (DSO)	19.70	26.68	22.88	24.61	19.70	26.51	22.04	23.36	19.25	25.13	20.87
Days Inventory Outstanding (DIO)	191.64	198.45	184.75	163.74	186.30	193.70	168.96	151.81	182.89	187.10	164.89
Days Payable Outstanding (DPO)	81.85	77.40	70.87	58.39	77.48	79.69	74.15	62.98	87.91	80.53	79.31
Cash Conversion Cycle (CCC)	129.50	147.74	136.76	129.96	128.52	140.52	116.84	112.19	114.23	131.69	106.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,900	2,042	1,795	1,808	1,748	1,894	1,538	1,648	1,876	2,174	1,876
Invested Capital Turnover	3.56	3.24	3.57	3.48	3.64	3.42	4.17	4.10	4.02	3.72	4.59
Increase / (Decrease) in Invested Capital	176	65	-114	-196	-152	-148	-256	-160	128	280	338
Enterprise Value (EV)	7,359	7,113	8,390	11,304	10,324	11,625	13,254	12,381	16,031	18,490	20,704
Market Capitalization	7,901	7,441	9,167	11,946	10,943	12,173	14,255	13,321	16,670	18,897	21,716
Book Value per Share	$37.32	$36.30	$39.79	$38.33	$37.87	$39.43	$40.89	$41.91	$41.70	$42.63	$47.63
Tangible Book Value per Share	$22.37	$21.51	$24.65	$23.25	$22.59	$23.77	$25.72	$26.51	$25.55	$26.64	$31.69
Total Capital	3,580	3,509	3,712	3,591	3,508	3,584	3,681	3,731	4,152	3,820	4,127
Total Debt	1,139	1,140	1,140	1,141	1,141	1,142	1,142	1,143	1,637	1,238	1,238
Total Long-Term Debt	1,139	1,140	1,140	1,141	1,141	742	743	743	1,237	1,238	1,238
Net Debt	-541	-327	-777	-643	-619	-548	-1,001	-940	-640	-408	-1,013
Capital Expenditures (CapEx)	40	43	43	40	33	42	61	80	187	94	76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	199	317	44	109	114	222	-65	-27	36	268	-57
Debt-free Net Working Capital (DFNWC)	1,879	1,784	1,961	1,893	1,874	1,912	2,078	2,056	2,313	1,913	2,194
Net Working Capital (NWC)	1,879	1,784	1,961	1,893	1,874	1,512	1,679	1,656	1,913	1,913	2,194
Net Nonoperating Expense (NNE)	-3.25	-0.89	-10	-3.01	-6.30	-7.23	4.65	-5.80	-3.49	2.48	5.85
Net Nonoperating Obligations (NNO)	-541	-327	-777	-643	-619	-548	-1,001	-940	-640	-408	-1,013
Total Depreciation and Amortization (D&A)	58	59	56	56	54	56	54	55	56	57	60
Debt-free, Cash-free Net Working Capital to Revenue	3.09%	4.88%	0.66%	1.65%	1.71%	3.29%	-0.94%	-0.38%	0.49%	3.53%	-0.73%
Debt-free Net Working Capital to Revenue	29.14%	27.44%	29.70%	28.54%	28.20%	28.36%	29.90%	29.04%	31.74%	25.27%	28.01%
Net Working Capital to Revenue	29.14%	27.44%	29.70%	28.54%	28.20%	22.44%	24.15%	23.40%	26.25%	25.27%	28.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.01	$2.24	$4.25	$1.41	$2.67	$2.36	$4.76	$2.07	$3.62	$3.39	$5.91
Adjusted Weighted Average Basic Shares Outstanding	65.90M	65.60M	65M	65.20M	63.20M	62.60M	62.50M	62.60M	61M	61.10M	61.10M
Adjusted Diluted Earnings per Share	$1.96	$2.19	$4.19	$1.37	$2.61	$2.31	$4.66	$2.03	$3.52	$3.32	$5.82
Adjusted Weighted Average Diluted Shares Outstanding	67.40M	67.20M	66M	66.50M	64.60M	63.90M	63.80M	64M	62.50M	62.40M	62.20M
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	65.27M	64.63M	63.93M	62.51M	61.94M	62.10M	61.76M	60.32M	60.57M	60.64M	60.54M
Normalized Net Operating Profit after Tax (NOPAT)	156	154	267	112	168	155	312	138	232	242	392
Normalized NOPAT Margin	10.45%	9.45%	13.81%	7.11%	11.11%	8.99%	14.53%	8.15%	13.51%	12.03%	16.30%
Pre Tax Income Margin	11.40%	10.13%	17.05%	7.11%	14.32%	10.90%	17.90%	9.56%	16.17%	12.08%	19.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.49	15.97	30.16	8.82	19.03	15.93	32.54	15.13	23.89	15.35	34.98
NOPAT to Interest Expense	12.88	14.60	25.14	7.56	14.89	12.34	26.04	12.08	18.86	13.21	27.63
EBIT Less CapEx to Interest Expense	12.53	11.69	26.15	5.38	15.96	12.27	27.27	7.29	7.60	9.45	29.29
NOPAT Less CapEx to Interest Expense	8.92	10.32	21.13	4.12	11.83	8.68	20.76	4.24	2.57	7.31	21.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.52%	37.40%	33.37%	30.11%	28.25%	28.56%	28.10%	27.07%	25.71%	24.37%	23.11%
Augmented Payout Ratio	95.99%	93.67%	96.58%	99.69%	115.26%	109.61%	102.68%	91.80%	101.59%	93.04%	82.96%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Ralph Lauren (NYSE: RL) based on quarterly financial statements over the last four years. The bullets are ordered with positives first, then neutral points, then negatives.

Strong quarterly profitability: In Q3 2026 RL posted Consolidated Net Income of $361.6 million, up from $297.4 million in Q3 2025, indicating improving year‑over‑year profitability.
Healthy gross margins: Q3 2026 gross profit was $1.6817 billion on revenue of $2.406 billion, implying a gross margin of about 70%, a healthy level for the brand.
Robust operating cash flow: Net cash from continuing operating activities in Q3 2026 was about $779.6 million, signaling strong cash generation from core operations.
Strong liquidity and balance sheet position: Cash & equivalents were $2.032 billion at Q3 2026, with total assets around $7.814 billion and total equity near $2.889 billion, providing solid liquidity and financial flexibility.
Earnings per share growth: Diluted EPS in Q3 2026 was $5.82 and basic EPS $5.91, up meaningfully from Q3 2025 where diluted EPS was $3.32 and basic EPS $3.39, reflecting improving profitability per share.
Shareholder returns maintained: RL continued to return cash to shareholders, with a quarterly cash dividend per common share of $0.9125; the company also engaged in modest share repurchases (Repurchase of Common Equity was about $37.5 million in Q3 2026).
Leverage and debt posture: Long-term debt is about $1.24 billion and there is no short-term debt reported at the latest quarter, indicating a manageable leverage profile relative to equity.
Ongoing capital allocation activity: Net cash from continuing investing activities in Q3 2026 shows investing activity (capex and investments) as a modest cash outflow (~$92.5 million), which is typical for a brand investing in stores, equipment, and brand portfolio while still generating ample operating cash.
Investing and financing cash outflows can weigh on near‑term cash: In Q3 2026 RL experienced negative cash flow from investing activities (net) and financing activities (net), reflecting capex, investments, and returns to shareholders; while offset by strong operating cash flow, this demonstrates the cash outflow pressure from growth and capital returns in the quarter.

05/09/26 10:28 AM ETAI Generated. May Contain Errors.

Ralph Lauren Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ralph Lauren's fiscal year ends in March. Their fiscal year 2025 ended on March 29, 2025.

Ralph Lauren's net income appears to be on an upward trend, with a most recent value of $742.90 million in 2025, rising from $702.20 million in 2015. The previous period was $646.30 million in 2024. Find out what analysts predict for Ralph Lauren in the coming months.

Ralph Lauren's total operating income in 2025 was $932.10 million, based on the following breakdown:

Total Gross Profit: $4.85 billion
Total Operating Expenses: $3.92 billion

Over the last 10 years, Ralph Lauren's total revenue changed from $7.62 billion in 2015 to $7.08 billion in 2025, a change of -7.1%.

Ralph Lauren's total liabilities were at $4.46 billion at the end of 2025, a 7.4% increase from 2024, and a 101.3% increase since 2015.

In the past 10 years, Ralph Lauren's cash and equivalents has ranged from $456.30 million in 2016 to $2.58 billion in 2021, and is currently $1.92 billion as of their latest financial filing in 2025.

Over the last 10 years, Ralph Lauren's book value per share changed from 44.56 in 2015 to 41.91 in 2025, a change of -6.0%.

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Financial statements for NYSE:RL last updated on 2/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ralph Lauren (RL) Financials

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Ralph Lauren (RL) Financials

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

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