Ralph Lauren Corporation

RL · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Valuation
Market cap	$19,845	$13,321	$12,003	$7,698	$7,971	$8,993	$5,005	$9,547	$8,230	$6,009	$7,160	$9,660	$14,257	$15,458	$16,160	$12,156	$8,558	$4,393	$5,895	$9,203	$6,316	$3,899	$3,478	$2,198	$2,844	$2,661	$1,849	$1,952	$2,995	$3,159
Enterprise value	$20,769	$13,906	$13,909	$10,155	$8,764	$9,837	$6,116	$8,483	$7,078	$5,517	$7,074	$9,305	$13,541	$14,468	$15,285	$11,442	$7,731	$4,017	$6,027	$9,089	$6,310	$3,839	$3,403	$2,204	$2,924	$2,942	$2,113	$2,068	$2,936	$3,270
P/E (TTM) at period end	21.09×	17.93×	18.57×	14.73×	13.28×	–	13.02×	22.16×	50.56×	–	18.06×	13.76×	18.37×	20.61×	23.73×	21.42×	17.85×	10.82×	14.04×	22.96×	20.51×	20.47×	20.34×	12.61×	16.49×	44.91×	12.88×	21.55×	20.29×	26.93×
P/S (TTM) at period end	2.45×	1.88×	1.81×	1.19×	1.28×	2.04×	0.81×	1.51×	1.33×	0.90×	0.97×	1.27×	1.91×	2.23×	2.36×	2.15×	1.72×	0.88×	1.21×	2.14×	1.69×	1.18×	1.31×	0.90×	1.20×	1.20×	0.95×	1.14×	2.04×	2.68×
P/B at period end	6.98×	5.15×	4.90×	3.17×	3.14×	3.45×	1.86×	2.90×	2.38×	1.82×	1.91×	2.48×	3.53×	4.08×	4.42×	3.68×	2.75×	1.61×	2.47×	3.94×	3.08×	2.33×	2.45×	1.82×	2.85×	3.29×	2.39×	2.96×	5.13×	12.12×
EV / EBITDA (TTM)	14.71×	12.07×	14.11×	10.98×	8.52×	48.22×	10.43×	10.06×	8.92×	25.64×	7.93×	7.00×	9.76×	10.64×	12.09×	11.01×	8.71×	5.15×	7.05×	11.40×	9.80×	9.52×	9.61×	6.00×	7.75×	15.02×	6.40×	10.24×	13.50×	20.02×
EV / Sales (TTM)	2.56×	1.96×	2.10×	1.58×	1.41×	2.24×	0.99×	1.34×	1.14×	0.83×	0.96×	1.22×	1.82×	2.08×	2.23×	2.02×	1.55×	0.80×	1.23×	2.12×	1.68×	1.16×	1.28×	0.90×	1.24×	1.32×	1.08×	1.21×	2.00×	2.77×
Returns
Return on equity	33.1%	28.7%	26.4%	21.5%	23.7%	(4.6%)	14.3%	13.1%	4.7%	(3.0%)	10.6%	18.0%	19.2%	19.8%	18.6%	17.2%	15.4%	14.8%	17.6%	17.2%	15.0%	11.4%	12.0%	14.4%	17.3%	7.3%	18.6%	13.8%	25.3%	45.0%
Return on invested capital	24.5%	21.8%	14.0%	10.8%	15.6%	(1.2%)	7.4%	11.5%	5.5%	(2.5%)	9.8%	17.6%	21.0%	24.9%	21.2%	18.3%	17.1%	15.2%	16.5%	18.3%	15.5%	11.9%	12.9%	15.1%	17.0%	6.5%	15.1%	11.9%	26.7%	33.6%
Dividend yield	1.1%	1.5%	1.6%	2.6%	1.9%	0.6%	4.1%	2.0%	2.0%	2.7%	2.4%	1.6%	1.0%	0.8%	0.5%	0.3%	0.3%	0.5%	0.3%	0.2%	0.3%	0.6%	0.4%	–	–	–	–	–	1.6%	2.9%
Financial health
Current ratio	2.13×	1.78×	2.29×	2.23×	1.87×	2.66×	1.61×	3.00×	2.24×	2.55×	2.55×	2.80×	3.43×	2.64×	3.06×	2.98×	3.05×	3.05×	2.08×	2.63×	1.63×	2.27×	2.54×	2.33×	2.57×	2.05×	2.10×	1.95×	2.75×	1.95×
Debt / equity	0.44×	0.44×	0.47×	0.47×	0.65×	0.63×	0.26×	0.21×	0.17×	0.18×	0.19×	0.14×	0.07×	0.07×	0.08×	0.09×	0.09×	0.15×	0.28×	0.17×	0.14×	0.17×	0.20×	0.29×	0.32×	0.47×	0.56×	0.24×	0.00×	0.54×
Effective tax rate	20.1%	21.9%	16.9%	24.5%	20.5%	(61.9%)	(17.7%)	26.0%	66.7%	5.3%	28.2%	28.9%	29.2%	31.1%	32.9%	31.2%	30.4%	30.9%	34.6%	37.7%	38.8%	35.9%	35.8%	36.5%	37.5%	39.5%	40.8%	40.7%	26.1%	16.3%
Share count
Diluted shares outstanding	62	64	66	69	74	74	77	82	82	83	86	89	92	94	96	99	101	101	105	108	107	104	101	99	99	97	99	100	100	100

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Revenue and gross profit
Revenue	$8,355	$8,114	$7,079	$6,631	$6,444	$6,218	$4,401	$6,160	$6,313	$6,182	$6,653	$7,405	$7,620	$7,450	$6,945	$6,860	$5,660	$4,979	$5,019	$4,880	$4,295	$3,746	$3,305	$2,650	$2,439	$2,364	$2,226	$1,949	$1,713	$1,471	$1,180
Cost of revenue	($2,484)	($2,445)	($2,226)	($2,200)	($2,278)	($2,071)	($1,539)	($2,506)	($2,427)	($2,431)	($3,002)	($3,218)	($3,242)	($3,140)	($2,789)	($2,862)	($2,342)	($2,080)	($2,288)	($2,242)	($1,959)	($1,724)	($1,621)	($1,326)	($1,232)	($1,217)	($1,163)	($1,002)	–	($733)	($638)
Gross profit	$5,871	$5,669	$4,853	$4,432	$4,166	$4,148	$2,861	$3,653	$3,886	$3,752	$3,651	$4,187	$4,378	$4,310	$4,156	$3,998	$3,318	$2,899	$2,731	$2,638	$2,336	$2,022	$1,684	$1,323	$1,208	$1,147	$1,063	$953	–	$738	$542
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($4,500)	($4,372)	($3,863)	($3,600)	($3,409)	($3,306)	($2,638)	($3,238)	($3,168)	($3,096)	($3,171)	($3,412)	($3,300)	($3,142)	($2,971)	($2,916)	($2,443)	($2,157)	($2,036)	($1,932)	($1,663)	($1,477)	($1,378)	($1,032)	($905)	($838)	($822)	($689)	($608)	($521)	($379)
Total operating expenses	($4,623)	($4,490)	($3,921)	($3,675)	($3,462)	($3,349)	($2,905)	($3,336)	($3,324)	($3,254)	($3,743)	($3,604)	($3,342)	($3,180)	($3,029)	($2,959)	($2,473)	($2,192)	($2,135)	($1,985)	($1,684)	($1,506)	($1,385)	($1,052)	($919)	($854)	($946)	($689)	–	($548)	($393)
Total costs and expenses	($7,107)	($6,935)	($6,147)	($5,875)	($5,739)	($5,420)	($4,444)	($5,843)	($5,751)	($5,684)	($6,745)	($6,822)	($6,585)	($6,320)	($5,818)	($5,821)	($4,815)	($4,272)	($4,423)	($4,227)	($3,643)	($3,230)	($3,006)	($2,379)	($2,151)	($2,070)	($2,109)	($1,685)	($1,558)	($1,281)	($1,031)
Operating income	$1,248	$1,179	$932	$756	$704	$798	($44)	$317	$562	$498	($92)	$583	$1,035	$1,130	$1,127	$1,039	$845	$707	$596	$653	$653	$517	$300	$271	$288	$293	$117	$264	$156	$190	$150
Earnings
EBITDA	$1,484	$1,412	$1,152	$985	$925	$1,028	$204	$586	$843	$793	$215	$892	$1,330	$1,388	$1,360	$1,264	$1,039	$888	$780	$855	$797	$644	$403	$354	$367	$377	$196	$330	$202	$218	$163
Interest income	$50	$54	$74	$73	$32	$6	$10	$34	$41	$12	$7	$6	$6	$3	$6	$11	$8	$12	$22	–	$26	$14	–	–	–	–	–	–	–	–	–
Interest expense	($56)	($54)	($44)	($42)	($40)	($54)	($48)	($18)	($21)	($18)	($12)	($21)	($17)	($20)	($22)	($24)	($18)	($22)	($27)	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,242	$1,178	$951	$777	$692	$755	($75)	$326	$582	$489	($105)	$552	$987	$1,096	$1,089	$1,015	$825	$689	$588	$642	$643	$503	$299	$262	$274	$276	$98	$249	$153	$200	$140
Income tax expense	($259)	($237)	($208)	($131)	($169)	($154)	($46)	$58	($152)	($326)	$6	($155)	($285)	($320)	($339)	($334)	($258)	($210)	($182)	($222)	($242)	($195)	($107)	($94)	($100)	($103)	($39)	($101)	($62)	($52)	($23)
Net income	$983	$941	$743	$646	$523	$600	($121)	$384	$431	$163	($99)	$396	$702	$776	$750	$681	$568	$480	$406	$420	$401	$308	$190	$171	$174	$172	$59	$143	$91	$148	$117
Per share
Diluted EPS (GAAP)	$15.87	$15.11	$11.61	$9.71	$7.58	$8.07	($1.65)	$4.98	$5.27	$1.97	($1.20)	$4.62	$7.88	$8.43	$8.00	$7.13	$5.75	$4.73	$4.01	$3.99	$3.73	$2.87	$1.83	$1.69	$1.76	$1.75	$0.58	$1.45	$0.91	$1.20	$0.89
Basic EPS (GAAP)	$16.15	$15.42	$11.86	$9.91	$7.72	$8.22	($1.65)	$5.07	$5.35	$1.99	($1.20)	$4.65	$7.96	$8.55	$8.21	$7.35	$5.91	$4.85	$4.09	$4.10	$3.84	$2.96	$1.88	$1.73	$1.77	$1.77	$0.59	$1.45	$0.91	$1.20	$0.89
Basic shares outstanding	61	61	63	65	68	73	74	76	81	82	83	85	88	91	91	93	96	99	99	102	104	104	102	99	98	97	97	99	100	100	100
Margins
Gross margin	70.3%	69.9%	68.6%	66.8%	64.7%	66.7%	65.0%	59.3%	61.6%	60.7%	54.9%	56.5%	57.5%	57.9%	59.8%	58.3%	58.6%	58.2%	54.4%	54.1%	54.4%	54.0%	51.0%	49.9%	49.5%	48.5%	47.8%	48.9%	–	50.2%	45.9%
Operating margin	14.9%	14.5%	13.2%	11.4%	10.9%	12.8%	(1.0%)	5.1%	8.9%	8.1%	(1.4%)	7.9%	13.6%	15.2%	16.2%	15.1%	14.9%	14.2%	11.9%	13.4%	15.2%	13.8%	9.1%	10.2%	11.8%	12.4%	5.3%	13.5%	9.1%	12.9%	12.7%
Net margin	11.8%	11.6%	10.5%	9.7%	8.1%	9.7%	(2.8%)	6.2%	6.8%	2.6%	(1.5%)	5.4%	9.2%	10.4%	10.8%	9.9%	10.0%	9.6%	8.1%	8.6%	9.3%	8.2%	5.8%	6.5%	7.1%	7.3%	2.7%	7.4%	5.3%	10.0%	9.9%

Analyst consensus

Buy48 analysts

Bearish · 3 · Hold · 13 · Bullish · 32

Earnings history

	EPS	Estimate
Q2 2025	$2.54	$2.41	Beat
Q3 2025	$4.82	$4.46	Beat
Q4 2025	$2.27	$2.04	Beat
Q1 2026	$3.77	$3.51	Beat
Q2 2026	$3.79	$3.45	Beat
Q3 2026	$6.22	$5.80	Beat
Q4 2026	$2.80	$2.55	Beat
Q1 2027	$4.59	$4.32	Beat

Peers

Company overview

IPO dateJun 12, 1997

CEOPatrice Jean Louis Louvet

Employees23,600

SectorConsumer Cyclical

IndustryApparel - Manufacturers

CountryUS

ExchangeNew York Stock Exchange

Websitecorporate.ralphlauren.com

Ralph Lauren Corporation is a prominent international entity primarily involved in the creation, marketing, and distribution of premium lifestyle goods across North America, Europe, Asia, and other global regions. The company's diverse product range includes: Apparel: A comprehensive selection of clothing for men, women, and children. Footwear & Accessories: Various shoe styles (casual, dress, boots, sneakers, sandals), eyewear, timepieces, both fashion and fine jewelry, scarves, hats, gloves, umbrellas, and an assortment of leather items like handbags, luggage, small leather goods, and belts. Home Goods: Linens for bed and bath, furniture, fabric and wall coverings, lighting solutions, tabletop items, kitchen textiles, floor coverings, and giftware. Fragrances: A variety of scents developed for both men and women. Key apparel and accessory lines are sold under brand names such as Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, and Chaps. Its women's fragrances include the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, and Ralph Collection, while men's offerings feature Polo Blue, Ralph's Club, Safari, Purple Label, Polo Red, Polo Green, Polo Black, Polo Sport, and Big Pony Men's. Beyond merchandise, Ralph Lauren also extends its brand into hospitality with a collection of dining venues, including The Polo Bar in New York City, RL Restaurant in Chicago, Ralph's in Paris, The Bar at Ralph Lauren in Milan, and the Ralph's Coffee concept. Products reach consumers through various channels: wholesale distribution to department stores, specialty retailers, and golf and professional shops, as well as direct-to-consumer sales via its own retail establishments, concession-based shop-in-shops, and digital commerce platforms. The corporation directly operates 504 retail stores (comprising 175 Ralph Lauren stores and 329 factory stores) and 684 concession-based shop-within-shops. Additionally, 148 stores and shops are operated through licensing partnerships. Founded in 1967, Ralph Lauren Corporation maintains its headquarters in New York, New York.

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