What is Ralph Lauren's operating income?

Ralph Lauren's total operating income in 2026 was $1.18 billion, based on the following breakdown: Total Gross Profit: $5.67 billion Total Operating Expenses: $4.49 billion

Ralph Lauren (RL) Financials

$365.54 -5.23 (-1.41%)

As of 01:26 PM Eastern

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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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	396	-99	163	431	384	-121	600	523	646	743	941
Consolidated Net Income / (Loss)	396	-99	163	431	384	-121	600	523	646	743	941
Net Income / (Loss) Continuing Operations	396	-99	163	431	384	-121	600	523	646	743	941
Total Pre-Tax Income	552	-105	489	583	326	-75	755	692	777	951	1,178
Total Operating Income	583	-92	498	562	317	-44	798	704	756	932	1,179
Total Gross Profit	4,187	3,651	3,752	3,886	3,653	2,861	4,148	4,166	4,432	4,853	5,669
Total Revenue	7,405	6,653	6,182	6,313	6,160	4,401	6,219	6,444	6,631	7,079	8,115
Operating Revenue	7,405	6,653	6,182	6,313	6,160	4,401	6,219	6,444	6,631	7,079	8,115
Total Cost of Revenue	3,219	3,002	2,431	2,427	2,507	1,539	2,071	2,278	2,200	2,226	2,445
Operating Cost of Revenue	3,219	3,002	2,431	2,427	2,507	1,539	2,071	2,278	2,200	2,226	2,445
Total Operating Expenses	3,604	3,743	3,254	3,324	3,336	2,905	3,349	3,462	3,675	3,921	4,490
Selling, General & Admin Expense	3,413	3,171	3,096	3,168	3,238	2,639	3,306	3,409	3,601	3,863	4,372
Restructuring Charge	143	319	108	130	67	171	22	43	75	58	118
Total Other Income / (Expense), net	-31	-13	-9.00	21	9.40	-31	-44	-12	21	19	-1.50
Interest Expense	21	12	18	21	18	49	54	40	42	44	54
Interest & Investment Income	6.30	7.30	12	41	34	9.70	5.50	32	73	74	54
Other Income / (Expense), net	-16	-7.50	-3.10	0.60	-7.40	7.60	4.70	-4.10	-9.80	-11	-1.00
Income Tax Expense	155	-5.60	326	152	-58	46	155	169	131	208	237
Basic Earnings per Share	$4.65	($1.20)	$1.99	$5.35	$5.07	($1.65)	$8.22	$7.72	$9.91	$11.86	$15.42
Weighted Average Basic Shares Outstanding	85.20M	82.70M	81.70M	80.60M	75.80M	73.50M	73M	67.70M	65.20M	62.60M	61M
Diluted Earnings per Share	$4.62	($1.20)	$1.97	$5.27	$4.98	($1.65)	$8.07	$7.58	$9.71	$11.61	$15.11
Weighted Average Diluted Shares Outstanding	85.90M	82.70M	82.50M	81.70M	77.20M	73.50M	74.30M	69M	66.50M	64M	62.30M
Weighted Average Basic & Diluted Shares Outstanding	85.20M	82.80M	81.80M	80.50M	72.66M	73.13M	70.08M	65.40M	62.51M	60.32M	59.52M
Cash Dividends to Common per Share	$2.00	$2.00	$2.00	$2.50	$2.75	$0.00	$2.75	$3.00	$3.00	$3.30	$3.65

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	147	277	91	169	148	297	129	220	208	362	152
Consolidated Net Income / (Loss)	147	277	91	169	148	297	129	220	208	362	152
Net Income / (Loss) Continuing Operations	147	277	91	169	148	297	129	220	208	362	152
Total Pre-Tax Income	166	330	112	217	188	384	162	278	243	464	193
Total Operating Income	165	318	108	209	179	390	155	274	246	471	189
Total Gross Profit	1,070	1,286	1,044	1,066	1,156	1,466	1,165	1,242	1,366	1,682	1,379
Total Revenue	1,633	1,934	1,568	1,512	1,726	2,144	1,697	1,719	2,011	2,406	1,979
Operating Revenue	1,633	1,934	1,568	1,512	1,726	2,144	1,697	1,719	2,011	2,406	1,979
Total Cost of Revenue	563	648	524	446	570	677	532	477	644	724	600
Operating Cost of Revenue	563	648	524	446	570	677	532	477	644	724	600
Total Operating Expenses	906	968	936	857	977	1,076	1,010	969	1,121	1,210	1,190
Selling, General & Admin Expense	896	968	907	850	958	1,064	991	949	1,083	1,179	1,161
Restructuring Charge	9.30	0.70	29	7.40	18	12	19	19	37	32	30
Total Other Income / (Expense), net	1.00	12	3.70	8.10	9.20	-6.00	7.30	4.40	-2.90	-7.50	4.50
Interest Expense	10	11	12	11	11	12	10	12	16	13	14
Interest & Investment Income	16	21	21	20	18	18	18	15	15	12	12
Other Income / (Expense), net	-4.80	2.00	-5.50	-1.10	2.70	-12	-0.70	1.10	-1.60	-6.10	5.60
Income Tax Expense	19	53	21	48	40	86	33	58	35	102	42
Basic Earnings per Share	$2.24	$4.25	$1.41	$2.67	$2.36	$4.76	$2.07	$3.62	$3.39	$5.91	$2.50
Weighted Average Basic Shares Outstanding	65.60M	65M	65.20M	63.20M	62.60M	62.50M	62.60M	61M	61.10M	61.10M	61M
Diluted Earnings per Share	$2.19	$4.19	$1.37	$2.61	$2.31	$4.66	$2.03	$3.52	$3.32	$5.82	$2.45
Weighted Average Diluted Shares Outstanding	67.20M	66M	66.50M	64.60M	63.90M	63.80M	64M	62.50M	62.40M	62.20M	62.30M
Weighted Average Basic & Diluted Shares Outstanding	64.63M	63.93M	62.51M	61.94M	62.10M	61.76M	60.32M	60.57M	60.64M	60.54M	59.52M
Cash Dividends to Common per Share	$0.75	$0.75	$0.75	$0.83	$0.83	$0.83	$0.82	$0.91	$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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Net Change in Cash & Equivalents	-35	226	644	-729	1,003	958	-716	-335	134	259	65
Net Cash From Operating Activities	1,017	953	975	784	755	381	716	411	1,070	1,235	1,154
Net Cash From Continuing Operating Activities	1,017	953	975	784	755	381	716	411	1,070	1,235	1,154
Net Income / (Loss) Continuing Operations	396	-99	163	431	384	-121	600	523	646	743	941
Consolidated Net Income / (Loss)	396	-99	163	431	384	-121	600	523	646	743	941
Depreciation Expense	309	308	295	281	270	248	230	221	229	220	233
Non-Cash Adjustments To Reconcile Net Income	197	550	136	133	158	113	40	71	84	132	108
Changes in Operating Assets and Liabilities, net	114	195	381	-61	-57	142	-154	-403	110	140	-128
Net Cash From Investing Activities	-576	-208	-189	-879	702	195	-718	472	-257	-264	-357
Net Cash From Continuing Investing Activities	-576	-208	-189	-879	702	195	-718	472	-257	-264	-357
Purchase of Property, Plant & Equipment	-418	-284	-162	-198	-270	-108	-167	-218	-165	-216	-408
Acquisitions	-16	-6.10	-	-	-	-	-	-	0.00	0.00	-41
Purchase of Investments	-1,085	-860	-1,606	-3,055	-1,290	-701	-1,511	-599	-393	-782	-634
Sale and/or Maturity of Investments	943	942	1,583	2,358	2,240	1,007	965	1,293	304	734	724
Other Investing Activities, net	-	-	-4.60	-4.50	0.90	-3.50	-5.00	-5.80	-3.50	-0.40	3.10
Net Cash From Financing Activities	-483	-518	-198	-606	-438	357	-666	-1,209	-666	-704	-770
Net Cash From Continuing Financing Activities	-483	-518	-198	-606	-438	357	-666	-1,209	-666	-704	-770
Repayment of Debt	-4,489	-3,879	0.00	-313	-0.90	-784	0.00	-500	0.00	0.00	-404
Repurchase of Common Equity	-500	-215	-17	-503	-695	-38	-493	-489	-450	-481	-624
Payment of Dividends	-170	-165	-162	-191	-204	-50	-150	-198	-195	-201	-217
Issuance of Debt	4,643	3,735	10	398	475	1,242	-	-	0.00	0.00	498
Other Financing Activities, net	33	5.00	-28	2.20	-14	-14	-23	-22	-21	-22	-23
Effect of Exchange Rate Changes	7.20	-	55	-28	-15	26	-48	-8.80	-14	-8.20	37

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
Net Change in Cash & Equivalents	-226	424	-142	-77	-231	585	-18	168	-647	589	-45
Net Cash From Operating Activities	73	605	121	277	97	738	122	176	53	780	145
Net Cash From Continuing Operating Activities	73	605	121	277	97	738	122	177	52	780	145
Net Income / (Loss) Continuing Operations	147	277	91	169	148	297	129	220	208	362	152
Consolidated Net Income / (Loss)	147	277	91	169	148	297	129	220	208	362	152
Depreciation Expense	59	56	56	54	56	54	55	56	57	60	61
Non-Cash Adjustments To Reconcile Net Income	43	16	0.90	26	33	44	30	18	58	24	8.90
Changes in Operating Assets and Liabilities, net	-176	256	-27	29	-139	343	-92	-116	-270	335	-76
Net Cash From Investing Activities	-55	-71	-53	-88	-192	55	-40	-198	-112	-93	46
Net Cash From Continuing Investing Activities	-55	-71	-53	-88	-192	55	-40	-198	-112	-93	46
Purchase of Property, Plant & Equipment	-43	-43	-40	-33	-42	-61	-80	-187	-94	-76	-51
Purchase of Investments	-85	-114	-121	-174	-322	-132	-154	-171	-193	-193	-77
Sale and/or Maturity of Investments	73	86	111	119	172	248	195	154	175	178	217
Other Investing Activities, net	-	-1.00	-2.50	1.00	-	0.20	-1.60	6.00	-	-1.50	-1.40
Net Cash From Financing Activities	-223	-157	-174	-254	-186	-131	-133	114	-573	-99	-211
Net Cash From Continuing Financing Activities	-223	-157	-174	-254	-186	-131	-133	114	-573	-99	-211
Repayment of Debt	-	-	-	0.00	-	-	-	-4.10	-400	-0.30	-0.10
Repurchase of Common Equity	-169	-103	-121	-201	-129	-74	-76	-323	-113	-38	-150
Payment of Dividends	-49	-49	-48	-48	-51	-51	-51	-51	-55	-55	-55
Other Financing Activities, net	-5.20	-5.10	-5.00	-4.90	-5.90	-5.70	-5.50	-6.00	-5.50	-6.20	-5.50
Effect of Exchange Rate Changes	-20	46	-36	-13	50	-78	33	76	-16	1.60	-25

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
Total Assets	6,213	5,652	6,143	5,943	7,280	7,888	7,725	6,790	6,603	7,047	7,740
Total Current Assets	3,053	2,955	3,548	3,595	3,375	4,208	4,217	3,324	3,360	3,790	3,887
Cash & Equivalents	456	668	1,305	584	1,620	2,579	1,864	1,529	1,662	1,923	1,988
Short-Term Investments	629	685	699	1,403	496	198	735	36	121	161	77
Accounts Receivable	517	450	421	398	277	452	405	448	447	460	492
Inventories, net	1,125	792	761	818	736	759	977	1,071	902	950	1,014
Prepaid Expenses	268	280	324	359	161	167	173	189	172	242	238
Current Deferred & Refundable Income Taxes	58	79	38	32	85	54	64	51	56	55	78
Plant, Property, & Equipment, net	1,583	1,316	1,186	1,039	980	1,014	970	956	850	846	1,071
Total Noncurrent Assets	1,577	1,382	1,409	1,309	2,925	2,666	2,538	2,510	2,392	2,411	2,782
Goodwill	918	905	951	920	916	935	909	899	888	889	904
Intangible Assets	244	220	188	164	141	121	103	89	76	63	93
Noncurrent Deferred & Refundable Income Taxes	119	126	87	67	245	284	304	255	288	335	345
Other Noncurrent Operating Assets	297	131	184	159	1,624	1,326	1,223	1,267	1,140	1,124	1,439
Total Liabilities & Shareholders' Equity	6,213	5,652	6,143	5,943	7,280	7,888	7,725	6,790	6,603	7,047	7,740
Total Liabilities	2,470	2,352	2,686	2,656	4,587	5,283	5,189	4,359	4,152	4,459	4,898
Total Current Liabilities	1,198	1,160	1,587	1,200	2,092	1,585	2,256	1,494	1,467	2,134	1,827
Short-Term Debt	116	0.00	308	0.00	775	0.00	500	-	0.00	400	0.00
Accounts Payable	151	148	166	202	247	356	449	372	332	436	431
Current Deferred & Payable Income Tax Liabilities	33	30	30	29	65	51	54	60	80	147	80
Other Current Liabilities	898	983	1,083	968	1,006	1,178	1,253	1,062	1,055	1,152	1,316
Total Noncurrent Liabilities	1,271	1,193	1,099	1,456	2,495	3,698	2,933	2,866	2,685	2,325	3,072
Long-Term Debt	597	588	288	689	396	1,633	1,137	1,139	1,141	743	1,239
Noncurrent Deferred & Payable Income Tax Liabilities	81	63	79	79	89	91	92	94	119	193	169
Other Noncurrent Operating Liabilities	594	542	607	541	1,877	1,855	1,606	1,557	1,384	1,389	1,664
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	3,744	3,300	3,457	3,287	2,693	2,604	2,536	2,431	2,450	2,589	2,841
Total Preferred & Common Equity	3,744	3,300	3,457	3,287	2,693	2,604	2,536	2,431	2,450	2,589	2,841
Total Common Equity	3,744	3,300	3,456	3,287	2,692	2,604	2,536	2,431	2,450	2,589	2,841
Common Stock	2,259	2,310	2,383	2,495	2,594	2,668	2,750	2,826	2,925	3,033	3,144
Retained Earnings	6,015	5,752	5,752	5,979	5,994	5,873	6,275	6,598	7,052	7,590	8,311
Treasury Stock	-4,349	-4,564	-4,581	-5,084	-5,778	-5,816	-6,309	-6,797	-7,250	-7,735	-8,362
Accumulated Other Comprehensive Income / (Loss)	-182	-198	-99	-103	-118	-121	-180	-196	-276	-300	-251

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,536,413.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,536,413.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	15.55
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.82%	-10.16%	-7.07%	2.11%	-2.43%	-28.56%	41.30%	3.62%	2.91%	6.75%	14.63%
EBITDA Growth	-33.14%	-76.29%	280.50%	6.76%	-31.36%	-63.46%	388.09%	-10.86%	5.97%	16.89%	23.75%
EBIT Growth	-44.22%	-117.62%	596.09%	13.59%	-44.95%	-111.63%	2,330.83%	-12.83%	6.64%	23.33%	27.95%
NOPAT Growth	-43.14%	-115.43%	356.61%	150.66%	-10.19%	-108.18%	2,180.38%	-16.21%	18.21%	15.83%	29.37%
Net Income Growth	-43.55%	-125.05%	263.95%	164.68%	-10.81%	-131.51%	595.54%	-12.90%	23.65%	14.95%	26.68%
EPS Growth	-41.37%	-125.97%	264.17%	167.51%	-5.50%	-133.13%	589.09%	-6.07%	28.10%	19.57%	30.15%
Operating Cash Flow Growth	13.81%	-6.30%	2.36%	-19.62%	-3.73%	-49.52%	87.95%	-42.59%	160.27%	15.46%	-6.55%
Free Cash Flow Firm Growth	-35.21%	136.10%	-15.62%	-26.82%	28.94%	-58.24%	103.46%	-80.34%	703.71%	7.68%	-35.23%
Invested Capital Growth	2.80%	-24.80%	-19.14%	-2.97%	-12.12%	-16.42%	7.74%	27.28%	-9.77%	-8.82%	22.28%
Revenue Q/Q Growth	-0.19%	-4.39%	-0.58%	-0.37%	-3.62%	0.29%	3.94%	0.28%	0.41%	1.86%	3.59%
EBITDA Q/Q Growth	-11.88%	-62.22%	62.48%	-0.17%	-35.46%	553.10%	6.58%	-0.24%	6.34%	4.68%	3.35%
EBIT Q/Q Growth	-18.09%	-142.40%	158.67%	0.92%	-50.62%	88.03%	8.88%	0.14%	8.64%	5.99%	3.51%
NOPAT Q/Q Growth	-17.83%	-141.33%	290.00%	-3.52%	-42.06%	85.55%	18.69%	-0.91%	11.05%	5.13%	2.71%
Net Income Q/Q Growth	-17.28%	-167.97%	297.33%	-2.20%	-42.20%	59.09%	19.64%	1.53%	9.93%	5.44%	2.46%
EPS Q/Q Growth	-16.76%	-168.57%	298.99%	-1.68%	-42.29%	57.80%	20.45%	1.07%	10.22%	6.03%	2.86%
Operating Cash Flow Q/Q Growth	18.87%	-6.18%	-7.40%	10.85%	-11.09%	11.64%	-17.52%	41.14%	11.11%	0.10%	2.04%
Free Cash Flow Firm Q/Q Growth	-16.33%	43.31%	-15.74%	15.87%	-14.62%	65.89%	-25.49%	74,906.72%	21.24%	-6.47%	-0.79%
Invested Capital Q/Q Growth	5.34%	-10.05%	4.67%	0.56%	-8.13%	-4.94%	14.77%	4.98%	0.73%	7.15%	7.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.54%	54.88%	60.68%	61.56%	59.31%	65.02%	66.70%	64.65%	66.83%	68.55%	69.87%
EBITDA Margin	11.83%	3.12%	12.78%	13.36%	9.40%	4.81%	16.61%	14.29%	14.71%	16.11%	17.39%
Operating Margin	7.87%	-1.39%	8.06%	8.90%	5.15%	-0.99%	12.84%	10.93%	11.41%	13.17%	14.53%
EBIT Margin	7.65%	-1.50%	8.01%	8.91%	5.03%	-0.82%	12.91%	10.87%	11.26%	13.01%	14.52%
Profit (Net Income) Margin	5.35%	-1.49%	2.63%	6.83%	6.24%	-2.75%	9.65%	8.11%	9.75%	10.49%	11.60%
Tax Burden Percent	71.84%	94.66%	33.28%	73.97%	117.74%	161.90%	79.53%	75.55%	83.14%	78.14%	79.91%
Interest Burden Percent	97.41%	105.11%	98.81%	103.57%	105.43%	207.78%	93.96%	98.83%	104.13%	103.25%	99.96%
Effective Tax Rate	28.16%	0.00%	66.72%	26.03%	-17.74%	0.00%	20.47%	24.45%	16.86%	21.86%	20.09%
Return on Invested Capital (ROIC)	12.59%	-2.19%	7.23%	20.58%	19.98%	-1.90%	41.84%	29.74%	33.00%	42.15%	51.44%
ROIC Less NNEP Spread (ROIC-NNEP)	17.12%	3.91%	7.51%	19.45%	18.99%	6.77%	45.15%	31.08%	29.74%	40.32%	51.58%
Return on Net Nonoperating Assets (RNNOA)	-2.21%	-0.63%	-2.41%	-7.80%	-7.12%	-2.67%	-18.50%	-8.69%	-6.52%	-12.67%	-16.78%
Return on Equity (ROE)	10.38%	-2.82%	4.82%	12.78%	12.85%	-4.57%	23.35%	21.05%	26.48%	29.49%	34.66%
Cash Return on Invested Capital (CROIC)	9.83%	26.13%	28.40%	23.59%	32.88%	15.99%	34.39%	5.74%	43.27%	51.39%	31.40%
Operating Return on Assets (OROA)	9.20%	-1.68%	8.39%	9.31%	4.68%	-0.47%	10.29%	9.65%	11.15%	13.49%	15.94%
Return on Assets (ROA)	6.44%	-1.67%	2.76%	7.13%	5.81%	-1.60%	7.69%	7.20%	9.65%	10.89%	12.73%
Return on Common Equity (ROCE)	10.38%	-2.82%	4.82%	12.78%	12.85%	-4.57%	23.35%	21.05%	26.48%	29.49%	34.66%
Return on Equity Simple (ROE_SIMPLE)	10.59%	-3.01%	4.71%	13.11%	14.27%	-4.65%	23.66%	21.51%	26.38%	28.70%	0.00%
Net Operating Profit after Tax (NOPAT)	419	-65	166	416	373	-31	635	532	629	728	942
NOPAT Margin	5.65%	-0.97%	2.68%	6.58%	6.06%	-0.69%	10.21%	8.26%	9.48%	10.29%	11.61%
Net Nonoperating Expense Percent (NNEP)	-4.52%	-6.10%	-0.28%	1.13%	0.99%	-8.67%	-3.31%	-1.34%	3.26%	1.84%	-0.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	19.52%	23.09%
Cost of Revenue to Revenue	43.46%	45.12%	39.32%	38.44%	40.69%	34.98%	33.30%	35.35%	33.17%	31.45%	30.13%
SG&A Expenses to Revenue	46.08%	47.66%	50.07%	50.19%	52.56%	59.96%	53.16%	52.90%	54.29%	54.57%	53.88%
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	48.67%	56.27%	52.63%	52.66%	54.16%	66.01%	53.86%	53.72%	55.42%	55.39%	55.33%
Earnings before Interest and Taxes (EBIT)	567	-100	495	562	310	-36	803	700	747	921	1,178
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	876	208	790	844	579	212	1,033	921	976	1,140	1,411
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.83	1.75	2.31	2.78	1.72	3.16	2.97	3.08	4.88	5.15	6.98
Price to Tangible Book Value (P/TBV)	2.66	2.65	3.44	4.14	2.83	5.32	4.94	5.20	8.04	8.14	10.76
Price to Revenue (P/Rev)	0.93	0.87	1.29	1.45	0.75	1.87	1.21	1.16	1.80	1.88	2.45
Price to Earnings (P/E)	17.30	0.00	48.99	21.20	12.03	0.00	12.54	14.34	18.48	17.93	21.09
Dividend Yield	2.45%	2.85%	2.04%	2.15%	4.39%	0.00%	2.60%	2.64%	1.61%	1.53%	1.11%
Earnings Yield	5.78%	0.00%	2.04%	4.72%	8.31%	0.00%	7.97%	6.97%	5.41%	5.58%	4.74%
Enterprise Value to Invested Capital (EV/IC)	1.92	1.97	3.20	3.94	2.10	4.86	4.17	3.53	6.25	7.51	9.44
Enterprise Value to Revenue (EV/Rev)	0.88	0.75	1.06	1.24	0.60	1.61	1.06	1.10	1.70	1.75	2.34
Enterprise Value to EBITDA (EV/EBITDA)	7.41	24.06	8.31	9.29	6.35	33.53	6.36	7.68	11.59	10.86	13.48
Enterprise Value to EBIT (EV/EBIT)	11.45	0.00	13.27	13.93	11.88	0.00	8.18	10.10	15.14	13.45	16.14
Enterprise Value to NOPAT (EV/NOPAT)	15.49	0.00	39.62	18.86	9.86	0.00	10.34	13.29	17.98	17.00	20.18
Enterprise Value to Operating Cash Flow (EV/OCF)	6.38	5.25	6.74	10.00	4.88	18.62	9.17	17.20	10.57	10.02	16.48
Enterprise Value to Free Cash Flow (EV/FCFF)	19.85	6.48	10.09	16.45	5.99	27.66	12.58	68.89	13.71	13.94	33.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.18	0.17	0.21	0.43	0.63	0.65	0.47	0.47	0.44	0.44
Long-Term Debt to Equity	0.16	0.18	0.08	0.21	0.15	0.63	0.45	0.47	0.47	0.29	0.44
Financial Leverage	-0.13	-0.16	-0.32	-0.40	-0.38	-0.39	-0.41	-0.28	-0.22	-0.31	-0.33
Leverage Ratio	1.61	1.68	1.75	1.79	2.21	2.86	3.04	2.92	2.74	2.71	2.72
Compound Leverage Factor	1.57	1.77	1.72	1.86	2.33	5.95	2.85	2.89	2.86	2.80	2.72
Debt to Total Capital	16.00%	15.13%	14.71%	17.33%	30.30%	38.54%	39.22%	31.90%	31.76%	30.62%	30.36%
Short-Term Debt to Total Capital	2.61%	0.00%	7.60%	0.00%	20.05%	0.00%	11.98%	0.00%	0.00%	10.71%	0.00%
Long-Term Debt to Total Capital	13.40%	15.13%	7.10%	17.33%	10.26%	38.54%	27.24%	31.90%	31.76%	19.91%	30.36%
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	84.00%	84.87%	85.26%	82.67%	69.66%	61.46%	60.78%	68.10%	68.24%	69.38%	69.64%
Debt to EBITDA	0.81	2.83	0.75	0.82	2.02	7.72	1.58	1.24	1.17	1.00	0.88
Net Debt to EBITDA	-0.43	-3.68	-1.78	-1.54	-1.63	-5.40	-0.93	-0.46	-0.66	-0.82	-0.59
Long-Term Debt to EBITDA	0.68	2.83	0.36	0.82	0.68	7.72	1.10	1.24	1.17	0.65	0.88
Debt to NOPAT	1.70	-9.10	3.60	1.66	3.14	-53.50	2.58	2.14	1.81	1.57	1.31
Net Debt to NOPAT	-0.89	11.84	-8.49	-3.12	-2.53	37.47	-1.52	-0.80	-1.02	-1.29	-0.88
Long-Term Debt to NOPAT	1.43	-9.10	1.74	1.66	1.06	-53.50	1.79	2.14	1.81	1.02	1.31
Altman Z-Score	4.87	4.39	4.75	5.33	2.96	2.92	3.46	4.01	4.94	5.02	5.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.55	2.55	2.24	3.00	1.61	2.66	1.87	2.23	2.29	1.78	2.13
Quick Ratio	1.34	1.55	1.53	1.99	1.14	2.04	1.33	1.35	1.52	1.19	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	327	771	651	476	614	256	522	103	825	888	575
Operating Cash Flow to CapEx	243.40%	335.42%	603.40%	441.08%	302.44%	353.34%	428.94%	188.97%	649.09%	571.28%	282.82%
Free Cash Flow to Firm to Interest Expense	15.56	62.22	35.77	23.01	34.90	5.29	9.66	2.54	19.54	20.13	10.61
Operating Cash Flow to Interest Expense	48.41	76.82	53.58	37.86	42.88	7.85	13.26	10.17	25.35	28.01	21.30
Operating Cash Flow Less CapEx to Interest Expense	28.52	53.92	44.70	29.28	28.70	5.63	10.17	4.79	21.44	23.10	13.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.12	1.05	1.04	0.93	0.58	0.80	0.89	0.99	1.04	1.10
Accounts Receivable Turnover	12.64	13.76	14.19	15.41	18.25	12.08	14.51	15.11	14.83	15.63	17.06
Inventory Turnover	2.97	3.13	3.13	3.07	3.23	2.06	2.39	2.22	2.23	2.40	2.49
Fixed Asset Turnover	4.91	4.59	4.94	5.67	6.10	4.42	6.27	6.69	7.34	8.34	8.47
Accounts Payable Turnover	17.83	20.10	15.52	13.19	11.16	5.11	5.15	5.55	6.25	5.80	5.64
Days Sales Outstanding (DSO)	28.87	26.52	25.73	23.69	20.00	30.21	25.15	24.16	24.61	23.36	21.39
Days Inventory Outstanding (DIO)	122.85	116.50	116.59	118.74	113.15	177.26	153.01	164.14	163.74	151.81	146.57
Days Payable Outstanding (DPO)	20.47	18.16	23.52	27.66	32.70	71.45	70.90	65.72	58.39	62.98	64.71
Cash Conversion Cycle (CCC)	131.26	124.85	118.80	114.77	100.45	136.02	107.25	122.57	129.96	112.19	103.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,371	2,535	2,050	1,989	1,748	1,461	1,574	2,003	1,808	1,648	2,015
Invested Capital Turnover	2.23	2.25	2.70	3.13	3.30	2.74	4.10	3.60	3.48	4.10	4.43
Increase / (Decrease) in Invested Capital	92	-836	-485	-61	-241	-287	113	429	-196	-160	367
Enterprise Value (EV)	6,487	4,997	6,568	7,837	3,679	7,094	6,566	7,068	11,304	12,381	19,019
Market Capitalization	6,860	5,761	7,976	9,135	4,624	8,238	7,528	7,495	11,946	13,321	19,845
Book Value per Share	$44.56	$40.14	$42.52	$41.81	$36.50	$35.62	$35.63	$36.84	$38.33	$41.91	$46.94
Tangible Book Value per Share	$30.73	$26.46	$28.51	$28.03	$22.18	$21.18	$21.42	$21.87	$23.25	$26.51	$30.46
Total Capital	4,457	3,888	4,054	3,976	3,864	4,237	4,172	3,569	3,591	3,731	4,080
Total Debt	713	588	596	689	1,171	1,633	1,636	1,139	1,141	1,143	1,239
Total Long-Term Debt	597	588	288	689	396	1,633	1,137	1,139	1,141	743	1,239
Net Debt	-373	-765	-1,408	-1,298	-945	-1,144	-962	-427	-643	-940	-826
Capital Expenditures (CapEx)	418	284	162	178	250	108	167	218	165	216	408
Debt-free, Cash-free Net Working Capital (DFCFNWC)	885	442	265	407	-59	-153	-137	265	109	-27	-4.30
Debt-free Net Working Capital (DFNWC)	1,971	1,795	2,269	2,395	2,058	2,623	2,461	1,831	1,893	2,056	2,061
Net Working Capital (NWC)	1,854	1,795	1,961	2,395	1,283	2,623	1,962	1,831	1,893	1,656	2,061
Net Nonoperating Expense (NNE)	22	35	3.00	-15	-11	91	35	9.29	-17	-15	1.20
Net Nonoperating Obligations (NNO)	-373	-765	-1,408	-1,298	-945	-1,144	-962	-427	-643	-940	-826
Total Depreciation and Amortization (D&A)	309	308	295	281	270	248	230	221	229	220	233
Debt-free, Cash-free Net Working Capital to Revenue	11.95%	6.64%	4.29%	6.45%	-0.95%	-3.48%	-2.20%	4.11%	1.65%	-0.38%	-0.05%
Debt-free Net Working Capital to Revenue	26.61%	26.98%	36.71%	37.93%	33.41%	59.61%	39.58%	28.41%	28.54%	29.04%	25.40%
Net Working Capital to Revenue	25.04%	26.98%	31.72%	37.93%	20.83%	59.61%	31.54%	28.41%	28.54%	23.40%	25.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.65	($1.20)	$1.99	$5.35	$5.07	($1.65)	$8.22	$7.72	$9.91	$11.86	$15.42
Adjusted Weighted Average Basic Shares Outstanding	85.20M	82.70M	81.70M	80.60M	75.80M	73.50M	73M	67.70M	65.20M	62.60M	61M
Adjusted Diluted Earnings per Share	$4.62	($1.20)	$1.97	$5.27	$4.98	($1.65)	$8.07	$7.58	$9.71	$11.61	$15.11
Adjusted Weighted Average Diluted Shares Outstanding	85.90M	82.70M	82.50M	81.70M	77.20M	73.50M	74.30M	69M	66.50M	64M	62.30M
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	82.90M	81.00M	81.55M	78.07M	72.66M	73.13M	70.08M	65.40M	62.51M	60.32M	59.52M
Normalized Net Operating Profit after Tax (NOPAT)	556	336	459	531	291	156	670	572	691	774	1,037
Normalized NOPAT Margin	7.51%	5.05%	7.43%	8.41%	4.73%	3.55%	10.77%	8.87%	10.42%	10.93%	12.78%
Pre Tax Income Margin	7.45%	-1.58%	7.91%	9.23%	5.30%	-1.70%	12.13%	10.74%	11.72%	13.43%	14.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.98	-8.05	27.20	27.17	17.59	-0.74	14.87	17.33	17.69	20.88	21.74
NOPAT to Interest Expense	19.94	-5.21	9.11	20.08	21.21	-0.63	11.76	13.17	14.90	16.52	17.39
EBIT Less CapEx to Interest Expense	7.09	-30.95	18.32	18.58	3.41	-2.96	11.78	11.95	13.79	15.98	14.21
NOPAT Less CapEx to Interest Expense	0.05	-28.11	0.23	11.49	7.03	-2.85	8.67	7.78	11.00	11.61	9.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.96%	-165.96%	99.75%	44.26%	53.06%	-41.12%	25.00%	37.94%	30.11%	27.07%	23.01%
Augmented Payout Ratio	169.20%	-382.68%	110.26%	160.90%	233.85%	-72.25%	107.08%	131.41%	99.69%	91.80%	89.29%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,536,413.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,536,413.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.36%	5.55%	1.76%	1.05%	5.70%	10.83%	8.25%	13.68%	16.49%	12.25%	16.58%
EBITDA Growth	-14.87%	10.89%	58.14%	17.29%	8.85%	14.87%	32.22%	26.13%	26.78%	21.56%	21.83%
EBIT Growth	-21.33%	12.65%	138.46%	25.77%	13.71%	18.08%	50.83%	32.45%	34.42%	23.23%	25.86%
NOPAT Growth	-6.08%	22.33%	232.27%	25.96%	-3.66%	13.36%	40.49%	33.65%	49.27%	21.65%	20.19%
Net Income Growth	-2.39%	27.76%	180.81%	27.63%	0.68%	7.52%	42.23%	30.72%	40.30%	21.59%	17.52%
EPS Growth	0.46%	30.94%	191.49%	33.16%	5.48%	11.22%	48.18%	34.87%	43.72%	24.89%	20.69%
Operating Cash Flow Growth	267.97%	53.15%	764.29%	2.44%	33.33%	22.03%	0.99%	-36.49%	-45.27%	5.58%	18.90%
Free Cash Flow Firm Growth	120.96%	219.13%	170.32%	773.91%	257.72%	46.86%	-0.24%	-71.69%	-124.39%	-94.69%	-177.51%
Invested Capital Growth	3.31%	-5.96%	-9.77%	-8.01%	-7.23%	-14.29%	-8.82%	7.32%	14.80%	21.96%	22.28%
Revenue Q/Q Growth	9.12%	18.43%	-18.93%	-3.55%	14.14%	24.19%	-20.82%	1.28%	16.96%	19.66%	-17.76%
EBITDA Q/Q Growth	-2.24%	72.27%	-57.89%	65.38%	-9.28%	81.81%	-51.53%	57.76%	-8.81%	74.33%	-51.42%
EBIT Q/Q Growth	-3.15%	100.19%	-68.00%	102.74%	-12.44%	107.87%	-59.13%	78.03%	-11.14%	90.58%	-58.25%
NOPAT Q/Q Growth	13.32%	82.49%	-67.09%	85.08%	-13.33%	114.73%	-59.21%	76.07%	-3.20%	74.99%	-59.70%
Net Income Q/Q Growth	11.20%	88.29%	-67.21%	85.89%	-12.28%	101.08%	-56.62%	70.85%	-5.85%	74.27%	-58.08%
EPS Q/Q Growth	11.73%	91.32%	-67.30%	90.51%	-11.49%	101.73%	-56.44%	73.40%	-5.68%	75.30%	-57.90%
Operating Cash Flow Q/Q Growth	-73.07%	730.04%	-80.00%	129.17%	-64.95%	659.67%	-83.45%	44.11%	-69.79%	1,365.41%	-81.36%
Free Cash Flow Firm Q/Q Growth	272.79%	371.70%	-25.47%	10.94%	-8.28%	93.66%	-49.38%	-68.51%	-179.00%	142.16%	-839.13%
Invested Capital Q/Q Growth	7.48%	-12.11%	0.73%	-3.32%	8.38%	-18.80%	7.15%	13.80%	15.94%	-13.73%	7.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.53%	66.49%	66.57%	70.48%	66.96%	68.40%	68.66%	72.26%	67.96%	69.90%	69.68%
EBITDA Margin	13.36%	19.44%	10.10%	17.31%	13.76%	20.14%	12.33%	19.21%	14.97%	21.82%	12.89%
Operating Margin	10.07%	16.43%	6.88%	13.79%	10.37%	18.18%	9.13%	15.92%	12.22%	19.59%	9.53%
EBIT Margin	9.78%	16.53%	6.52%	13.72%	10.52%	17.61%	9.09%	15.98%	12.14%	19.34%	9.81%
Profit (Net Income) Margin	9.00%	14.30%	5.78%	11.15%	8.57%	13.87%	7.60%	12.82%	10.32%	15.03%	7.66%
Tax Burden Percent	88.76%	83.87%	81.35%	77.84%	78.63%	77.51%	79.48%	79.28%	85.46%	77.96%	78.51%
Interest Burden Percent	103.63%	103.16%	108.99%	104.44%	103.58%	101.64%	105.18%	101.20%	99.47%	99.70%	99.43%
Effective Tax Rate	11.24%	16.13%	18.65%	22.16%	21.37%	22.49%	20.52%	20.72%	14.54%	22.04%	21.49%
Return on Invested Capital (ROIC)	28.94%	49.15%	19.46%	39.12%	27.91%	58.77%	29.74%	50.75%	38.86%	70.08%	33.15%
ROIC Less NNEP Spread (ROIC-NNEP)	28.65%	47.63%	18.90%	38.03%	26.26%	59.29%	29.00%	50.19%	39.38%	70.66%	32.75%
Return on Net Nonoperating Assets (RNNOA)	-3.76%	-12.63%	-4.14%	-9.18%	-4.78%	-20.63%	-9.11%	-12.95%	-7.49%	-26.22%	-10.65%
Return on Equity (ROE)	25.18%	36.51%	15.32%	29.94%	23.13%	38.14%	20.63%	37.80%	31.37%	43.87%	22.50%
Cash Return on Invested Capital (CROIC)	22.52%	36.73%	43.27%	44.65%	40.89%	56.97%	51.39%	36.16%	28.11%	33.96%	31.40%
Operating Return on Assets (OROA)	9.45%	15.55%	6.46%	13.50%	10.49%	17.38%	9.43%	16.18%	12.99%	20.34%	10.77%
Return on Assets (ROA)	8.69%	13.45%	5.73%	10.97%	8.54%	13.69%	7.88%	12.98%	11.04%	15.81%	8.41%
Return on Common Equity (ROCE)	25.18%	36.51%	15.32%	29.94%	23.13%	38.14%	20.63%	37.80%	31.37%	43.87%	22.50%
Return on Equity Simple (ROE_SIMPLE)	22.28%	22.86%	0.00%	28.85%	28.00%	27.75%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	146	266	88	162	141	302	123	217	210	367	148
NOPAT Margin	8.94%	13.78%	5.59%	10.73%	8.15%	14.09%	7.26%	12.62%	10.44%	15.27%	7.48%
Net Nonoperating Expense Percent (NNEP)	0.29%	1.52%	0.56%	1.09%	1.65%	-0.52%	0.73%	0.55%	-0.52%	-0.58%	0.40%
Return On Investment Capital (ROIC_SIMPLE)	-	7.18%	-	-	-	8.21%	3.30%	5.22%	5.50%	8.90%	3.63%
Cost of Revenue to Revenue	34.47%	33.51%	33.43%	29.52%	33.04%	31.60%	31.34%	27.74%	32.04%	30.10%	30.32%
SG&A Expenses to Revenue	54.89%	50.03%	57.82%	56.20%	55.53%	49.65%	58.36%	55.23%	53.88%	48.99%	58.65%
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	55.46%	50.07%	59.69%	56.69%	56.59%	50.22%	59.52%	56.35%	55.74%	50.31%	60.15%
Earnings before Interest and Taxes (EBIT)	160	320	102	207	182	378	154	275	244	465	194
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	218	376	158	262	238	432	209	330	301	525	255
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.14	3.56	4.88	4.62	4.98	5.61	5.15	6.63	7.32	7.52	6.98
Price to Tangible Book Value (P/TBV)	5.30	5.75	8.04	7.75	8.27	8.93	8.14	10.81	11.71	11.30	10.76
Price to Revenue (P/Rev)	1.14	1.39	1.80	1.65	1.81	2.05	1.88	2.29	2.50	2.77	2.45
Price to Earnings (P/E)	14.10	15.59	18.48	16.03	17.80	20.23	17.93	20.98	22.12	23.64	21.09
Dividend Yield	2.63%	2.12%	1.61%	1.76%	1.60%	1.40%	1.53%	1.23%	1.11%	0.99%	1.11%
Earnings Yield	7.09%	6.41%	5.41%	6.24%	5.62%	4.94%	5.58%	4.77%	4.52%	4.23%	4.74%
Enterprise Value to Invested Capital (EV/IC)	3.48	4.68	6.25	5.91	6.14	8.62	7.51	8.55	8.50	11.04	9.44
Enterprise Value to Revenue (EV/Rev)	1.09	1.27	1.70	1.55	1.72	1.91	1.75	2.20	2.44	2.64	2.34
Enterprise Value to EBITDA (EV/EBITDA)	8.08	9.15	11.59	10.18	11.25	12.17	10.86	13.26	14.53	15.16	13.48
Enterprise Value to EBIT (EV/EBIT)	10.92	12.21	15.14	13.08	14.33	15.26	13.45	16.22	17.60	18.19	16.14
Enterprise Value to NOPAT (EV/NOPAT)	13.74	14.82	17.98	15.59	17.69	19.13	17.00	20.47	21.70	22.57	20.18
Enterprise Value to Operating Cash Flow (EV/OCF)	9.45	8.71	10.57	9.59	10.56	10.74	10.02	14.14	16.96	18.30	16.48
Enterprise Value to Free Cash Flow (EV/FCFF)	15.72	12.34	13.71	12.68	14.45	13.96	13.94	24.47	32.34	35.72	33.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.44	0.47	0.48	0.47	0.45	0.44	0.65	0.48	0.43	0.44
Long-Term Debt to Equity	0.48	0.44	0.47	0.48	0.30	0.29	0.29	0.49	0.48	0.43	0.44
Financial Leverage	-0.13	-0.27	-0.22	-0.24	-0.18	-0.35	-0.31	-0.26	-0.19	-0.37	-0.33
Leverage Ratio	2.91	2.79	2.74	2.81	2.81	2.76	2.71	2.95	2.82	2.74	2.72
Compound Leverage Factor	3.02	2.87	2.99	2.93	2.91	2.80	2.85	2.98	2.80	2.74	2.71
Debt to Total Capital	32.48%	30.71%	31.76%	32.53%	31.85%	31.02%	30.62%	39.42%	32.40%	30.01%	30.36%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	11.14%	10.85%	10.71%	9.63%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.48%	30.71%	31.76%	32.53%	20.71%	20.17%	19.91%	29.80%	32.40%	30.01%	30.36%
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	67.52%	69.29%	68.24%	67.47%	68.15%	68.98%	69.38%	60.58%	67.60%	69.99%	69.64%
Debt to EBITDA	1.29	1.24	1.17	1.13	1.10	1.05	1.00	1.35	0.97	0.91	0.88
Net Debt to EBITDA	-0.37	-0.85	-0.66	-0.61	-0.53	-0.92	-0.82	-0.53	-0.32	-0.74	-0.59
Long-Term Debt to EBITDA	1.29	1.24	1.17	1.13	0.72	0.68	0.65	1.02	0.97	0.91	0.88
Debt to NOPAT	2.20	2.01	1.81	1.72	1.74	1.65	1.57	2.09	1.45	1.35	1.31
Net Debt to NOPAT	-0.63	-1.37	-1.02	-0.94	-0.83	-1.44	-1.29	-0.82	-0.48	-1.10	-0.88
Long-Term Debt to NOPAT	2.20	2.01	1.81	1.72	1.13	1.07	1.02	1.58	1.45	1.35	1.31
Altman Z-Score	3.80	4.07	4.62	4.49	4.52	4.81	4.66	4.66	5.34	5.65	5.39
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	2.11	2.17	2.29	2.19	1.72	1.76	1.78	1.84	2.04	2.10	2.13
Quick Ratio	1.20	1.38	1.52	1.36	1.06	1.16	1.19	1.17	1.18	1.36	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	81	380	283	314	288	558	283	89	-70	30	-219
Operating Cash Flow to CapEx	170.33%	1,423.76%	303.26%	830.24%	233.09%	1,206.54%	152.94%	94.02%	56.72%	1,031.22%	282.68%
Free Cash Flow to Firm to Interest Expense	8.06	35.87	24.43	28.84	25.30	48.14	27.72	7.74	-4.42	2.23	-16.23
Operating Cash Flow to Interest Expense	7.29	57.08	10.43	25.44	8.53	63.66	11.98	15.31	3.35	58.62	10.76
Operating Cash Flow Less CapEx to Interest Expense	3.01	53.08	6.99	22.38	4.87	58.38	4.15	-0.97	-2.55	52.93	6.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.94	0.99	0.98	1.00	0.99	1.04	1.01	1.07	1.05	1.10
Accounts Receivable Turnover	13.68	15.95	14.83	18.53	13.77	16.56	15.63	18.96	14.52	17.49	17.06
Inventory Turnover	1.84	1.98	2.23	1.96	1.88	2.16	2.40	2.00	1.95	2.21	2.49
Fixed Asset Turnover	7.33	7.25	7.34	7.57	7.89	8.18	8.34	7.92	8.02	8.26	8.47
Accounts Payable Turnover	4.72	5.15	6.25	4.71	4.58	4.92	5.80	4.15	4.53	4.60	5.64
Days Sales Outstanding (DSO)	26.68	22.88	24.61	19.70	26.51	22.04	23.36	19.25	25.13	20.87	21.39
Days Inventory Outstanding (DIO)	198.45	184.75	163.74	186.30	193.70	168.96	151.81	182.89	187.10	164.89	146.57
Days Payable Outstanding (DPO)	77.40	70.87	58.39	77.48	79.69	74.15	62.98	87.91	80.53	79.31	64.71
Cash Conversion Cycle (CCC)	147.74	136.76	129.96	128.52	140.52	116.84	112.19	114.23	131.69	106.45	103.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,042	1,795	1,808	1,748	1,894	1,538	1,648	1,876	2,174	1,876	2,015
Invested Capital Turnover	3.24	3.57	3.48	3.64	3.42	4.17	4.10	4.02	3.72	4.59	4.43
Increase / (Decrease) in Invested Capital	65	-114	-196	-152	-148	-256	-160	128	280	338	367
Enterprise Value (EV)	7,113	8,390	11,304	10,324	11,625	13,254	12,381	16,031	18,490	20,704	19,019
Market Capitalization	7,441	9,167	11,946	10,943	12,173	14,255	13,321	16,670	18,897	21,716	19,845
Book Value per Share	$36.30	$39.79	$38.33	$37.87	$39.43	$40.89	$41.91	$41.70	$42.63	$47.63	$46.94
Tangible Book Value per Share	$21.51	$24.65	$23.25	$22.59	$23.77	$25.72	$26.51	$25.55	$26.64	$31.69	$30.46
Total Capital	3,509	3,712	3,591	3,508	3,584	3,681	3,731	4,152	3,820	4,127	4,080
Total Debt	1,140	1,140	1,141	1,141	1,142	1,142	1,143	1,637	1,238	1,238	1,239
Total Long-Term Debt	1,140	1,140	1,141	1,141	742	743	743	1,237	1,238	1,238	1,239
Net Debt	-327	-777	-643	-619	-548	-1,001	-940	-640	-408	-1,013	-826
Capital Expenditures (CapEx)	43	43	40	33	42	61	80	187	94	76	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	317	44	109	114	222	-65	-27	36	268	-57	-4.30
Debt-free Net Working Capital (DFNWC)	1,784	1,961	1,893	1,874	1,912	2,078	2,056	2,313	1,913	2,194	2,061
Net Working Capital (NWC)	1,784	1,961	1,893	1,874	1,512	1,679	1,656	1,913	1,913	2,194	2,061
Net Nonoperating Expense (NNE)	-0.89	-10	-3.01	-6.30	-7.23	4.65	-5.80	-3.49	2.48	5.85	-3.53
Net Nonoperating Obligations (NNO)	-327	-777	-643	-619	-548	-1,001	-940	-640	-408	-1,013	-826
Total Depreciation and Amortization (D&A)	59	56	56	54	56	54	55	56	57	60	61
Debt-free, Cash-free Net Working Capital to Revenue	4.88%	0.66%	1.65%	1.71%	3.29%	-0.94%	-0.38%	0.49%	3.53%	-0.73%	-0.05%
Debt-free Net Working Capital to Revenue	27.44%	29.70%	28.54%	28.20%	28.36%	29.90%	29.04%	31.74%	25.27%	28.01%	25.40%
Net Working Capital to Revenue	27.44%	29.70%	28.54%	28.20%	22.44%	24.15%	23.40%	26.25%	25.27%	28.01%	25.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.24	$4.25	$1.41	$2.67	$2.36	$4.76	$2.07	$3.62	$3.39	$5.91	$2.50
Adjusted Weighted Average Basic Shares Outstanding	65.60M	65M	65.20M	63.20M	62.60M	62.50M	62.60M	61M	61.10M	61.10M	61M
Adjusted Diluted Earnings per Share	$2.19	$4.19	$1.37	$2.61	$2.31	$4.66	$2.03	$3.52	$3.32	$5.82	$2.45
Adjusted Weighted Average Diluted Shares Outstanding	67.20M	66M	66.50M	64.60M	63.90M	63.80M	64M	62.50M	62.40M	62.20M	62.30M
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	64.63M	63.93M	62.51M	61.94M	62.10M	61.76M	60.32M	60.57M	60.64M	60.54M	59.52M
Normalized Net Operating Profit after Tax (NOPAT)	154	267	112	168	155	312	138	232	242	392	171
Normalized NOPAT Margin	9.45%	13.81%	7.11%	11.11%	8.99%	14.53%	8.15%	13.51%	12.03%	16.30%	8.66%
Pre Tax Income Margin	10.13%	17.05%	7.11%	14.32%	10.90%	17.90%	9.56%	16.17%	12.08%	19.28%	9.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.97	30.16	8.82	19.03	15.93	32.54	15.13	23.89	15.35	34.98	14.39
NOPAT to Interest Expense	14.60	25.14	7.56	14.89	12.34	26.04	12.08	18.86	13.21	27.63	10.97
EBIT Less CapEx to Interest Expense	11.69	26.15	5.38	15.96	12.27	27.27	7.29	7.60	9.45	29.29	10.58
NOPAT Less CapEx to Interest Expense	10.32	21.13	4.12	11.83	8.68	20.76	4.24	2.57	7.31	21.94	7.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.40%	33.37%	30.11%	28.25%	28.56%	28.10%	27.07%	25.71%	24.37%	23.11%	23.01%
Augmented Payout Ratio	93.67%	96.58%	99.69%	115.26%	109.61%	102.68%	91.80%	101.59%	93.04%	82.96%	89.29%

Financials Breakdown Chart

Key Financial Trends

Ralph Lauren’s latest results show a business that is still healthy, but clearly more volatile quarter to quarter than it was a year ago. Revenue rose nicely in the most recent quarter, profitability remained positive, and the company continues to generate solid operating cash flow over time. That said, margins were much weaker in Q4 2026 than in prior quarters, and the balance sheet now carries more debt and lower equity than it did a year ago.

Revenue improved in the latest quarter. Q4 2026 revenue rose to $1.98 billion from $1.70 billion in Q4 2025, showing continued top-line growth.
The company remains profitable. Q4 2026 net income was $151.6 million, and full-quarter profitability has stayed positive across the period shown.
Operating cash flow is still healthy. Q4 2026 operating cash flow was $145.3 million, and Ralph Lauren has produced strong cash from operations in several prior quarters as well.
Cash and equivalents remain substantial. Cash and equivalents were $2.03 billion in Q3 2026, giving the company meaningful liquidity.
Interest income helps offset financing costs. The company has consistently earned investment income, which supports overall profitability.
Share count has remained fairly stable. Diluted shares were 62.3 million in Q4 2026 versus 64.0 million in Q4 2025, so dilution has not been a major issue.
Capital returns continue. Ralph Lauren kept paying dividends and buying back stock, which is shareholder-friendly, but also reduces cash available for other uses.
Profitability weakened sharply in Q4 2026. Operating income fell to $188.6 million from $471.3 million in Q3 2026, reflecting a much softer margin profile.
Operating margin compressed in the latest quarter. Q4 2026 operating margin was roughly 9.5% of revenue, far below the stronger margin levels seen earlier in fiscal 2026.
Debt increased meaningfully versus the prior year. Long-term debt rose to $1.24 billion in Q3 2026 from $742.6 million in Q3 2025, while short-term debt also increased to $399.8 million from zero.
Equity has declined year over year. Total common equity fell to $2.89 billion in Q3 2026 from $2.54 billion a year earlier, while total liabilities increased, pointing to a weaker balance-sheet cushion.
Working capital moved against the company in the latest quarter. Changes in operating assets and liabilities were a $76 million drag on cash flow in Q4 2026, compared with a strong positive contribution in some earlier quarters.

Bottom line: Ralph Lauren still looks financially solid, with strong liquidity and ongoing cash generation, but the latest quarter suggests some pressure on margins and a less conservative balance sheet than in prior periods. For retail investors, the key question is whether the recent revenue growth can translate into better earnings consistency and margin recovery.

05/29/26 01:26 PM 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 financial year ends in March. Their financial year 2026 ended on March 28, 2026.

Ralph Lauren's net income appears to be on an upward trend, with a most recent value of $941.10 million in 2026, rising from $396.40 million in 2016. The previous period was $742.90 million in 2025. View Ralph Lauren's forecast to see where analysts expect Ralph Lauren to go next.

Ralph Lauren's total operating income in 2026 was $1.18 billion, based on the following breakdown:

Total Gross Profit: $5.67 billion
Total Operating Expenses: $4.49 billion

Over the last 10 years, Ralph Lauren's total revenue changed from $7.41 billion in 2016 to $8.11 billion in 2026, a change of 9.6%.

Ralph Lauren's total liabilities were at $4.90 billion at the end of 2026, a 9.9% increase from 2025, and a 98.3% increase since 2016.

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 $1.99 billion as of their latest financial filing in 2026.

Over the last 10 years, Ralph Lauren's book value per share changed from 44.56 in 2016 to 46.94 in 2026, a change of 5.3%.

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Financial statements for NYSE:RL last updated on 5/22/2026 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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Financials Breakdown Chart

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Ralph Lauren Financials - Frequently Asked Questions

When does Ralph Lauren's fiscal year end?

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

What is Ralph Lauren's operating income?

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

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

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