NYSE : KSS
Kohl's Corporation — Financial statements
Consumer Discretionary · Department Stores · United States
Last price 24.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.76B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kohl's Corporation (KSS) reported revenue of 15.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 14.70B | 14.78B | 15.38B | 16.59B | 17.16B | 18.47B |
| Other Revenue | 735.00M | 752.00M | 836.00M | 890.00M | 937.00M | 962.00M |
| Revenue | 15.43B | 15.53B | 16.22B | 17.48B | 18.10B | 19.43B |
| Cost of Revenue | 9.18B | 9.23B | 9.66B | 10.50B | 11.46B | 11.44B |
| Gross Profit | 6.25B | 6.30B | 6.56B | 6.98B | 6.64B | 8.00B |
| Selling, General & Admin | 5.06B | 5.09B | 5.31B | 5.51B | 5.57B | 5.48B |
| Operating Expenses | 5.76B | 5.79B | 6.05B | 6.26B | 6.37B | 6.32B |
| Operating Income | 496.00M | 510.00M | 509.00M | 717.00M | 268.00M | 1.68B |
| Interest Expense | -260.00M | -288.00M | -319.00M | -344.00M | -304.00M | -260.00M |
| EBT Excluding Unusual Items | 236.00M | 222.00M | 190.00M | 373.00M | -36.00M | 1.42B |
| Merger & Restructuring Charges | 7.00M | -4.00M | -40.00M | |||
| Asset Writedown | -11.00M | -11.00M | -54.00M | -22.00M | ||
| Legal Settlements | 129.00M | |||||
| Other Unusual Items | 100.00M | 18.00M | -201.00M | |||
| Pretax Income | 332.00M | 336.00M | 114.00M | 373.00M | -58.00M | 1.22B |
| Income Tax Expense | 62.00M | 64.00M | 5.00M | 56.00M | -39.00M | 281.00M |
| Net Income | 270.00M | 272.00M | 109.00M | 317.00M | -19.00M | 938.00M |
| Net Income to Common | 270.00M | 272.00M | 109.00M | 317.00M | -19.00M | 938.00M |
| Shares Outstanding (Basic) | 112.50M | 112.00M | 111.00M | 110.00M | 120.00M | 146.00M |
| Shares Outstanding (Diluted) | 116.00M | 114.00M | 112.00M | 111.00M | 120.00M | 148.00M |
| EPS (Basic) | 2.40 | 2.43 | 0.98 | 2.88 | -0.16 | 6.42 |
| EPS (Diluted) | 2.33 | 2.38 | 0.98 | 2.85 | -0.16 | 6.32 |
| Free Cash Flow | 1.03B | 1.01B | 182.00M | 591.00M | -544.00M | 1.67B |
| Free Cash Flow Per Share | 8.91 | 8.84 | 1.62 | 5.32 | -4.53 | 11.26 |
| Dividend Per Share | 0.50 | 0.50 | 1.62 | 2.00 | 2.00 | 1.25 |
| Gross Margin | 40.52% | 40.57% | 40.44% | 39.93% | 36.70% | 41.15% |
| Operating Margin | 3.21% | 3.28% | 3.14% | 4.10% | 1.48% | 8.64% |
| Profit Margin | 1.75% | 1.75% | 0.67% | 1.81% | -0.10% | 4.83% |
| Free Cash Flow Margin | 6.70% | 6.49% | 1.12% | 3.38% | -3.01% | 8.57% |
| EBITDA | 1.19B | 1.21B | 1.25B | 1.47B | 1.08B | 2.52B |
| EBITDA Margin | 7.73% | 7.79% | 7.72% | 8.39% | 5.95% | 12.96% |
| D&A For EBITDA | 697.00M | 700.00M | 743.00M | 749.00M | 808.00M | 838.00M |
| EBIT | 496.00M | 510.00M | 509.00M | 717.00M | 268.00M | 1.68B |
| EBIT Margin | 3.21% | 3.28% | 3.14% | 4.10% | 1.48% | 8.64% |
| Effective Tax Rate | 18.68% | 19.05% | 4.39% | 15.01% | 23.05% | |
| Revenue as Reported | 15.43B | 15.53B | 16.22B | 17.48B | 18.10B | 19.43B |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 821.00M | 674.00M | 134.00M | 183.00M | 153.00M | 1.59B |
| Cash & Short-Term Investments | 821.00M | 674.00M | 134.00M | 183.00M | 153.00M | 1.59B |
| Other Receivables | 125.00M | 159.00M | 167.00M | 210.00M | 190.00M | |
| Receivables | 125.00M | 159.00M | 167.00M | 210.00M | 190.00M | |
| Inventory | 2.91B | 2.75B | 2.94B | 2.88B | 3.19B | 3.07B |
| Prepaid Expenses | 136.00M | 139.00M | 166.00M | 170.00M | 164.00M | |
| Other Current Assets | 285.00M | 11.00M | 11.00M | 14.00M | 14.00M | 15.00M |
| Total Current Assets | 4.02B | 3.69B | 3.39B | 3.41B | 3.74B | 5.02B |
| Property, Plant & Equipment | 8.96B | 9.25B | 9.69B | 10.22B | 10.23B | 9.55B |
| Long-Term Deferred Tax Assets | 32.00M | 38.00M | 32.00M | 46.00M | 39.00M | |
| Other Long-Term Assets | 433.00M | 387.00M | 442.00M | 348.00M | 333.00M | 440.00M |
| Total Assets | 13.41B | 13.36B | 13.56B | 14.01B | 14.35B | 15.05B |
| Accounts Payable | 1.42B | 1.17B | 1.04B | 1.13B | 1.33B | 1.68B |
| Accrued Expenses | 1.09B | 822.00M | 797.00M | 834.00M | 852.00M | 881.00M |
| Short-Term Debt | 290.00M | 92.00M | 85.00M | |||
| Current Portion of Long-Term Debt | 10.00M | 9.00M | 362.00M | 9.00M | 293.00M | 31.00M |
| Current Portion of Leases | 178.00M | 170.00M | 174.00M | 176.00M | 187.00M | 232.00M |
| Current Income Taxes Payable | 84.00M | 158.00M | 40.00M | 12.00M | 106.00M | |
| Current Unearned Revenue | 275.00M | 308.00M | 327.00M | 356.00M | 353.00M | |
| Total Current Liabilities | 2.70B | 2.53B | 3.13B | 2.61B | 3.12B | 3.29B |
| Long-Term Debt | 1.77B | 1.88B | 1.62B | 2.08B | 2.08B | 2.35B |
| Long-Term Leases | 4.47B | 4.57B | 4.71B | 5.02B | 4.92B | 4.17B |
| Long-Term Deferred Tax Liabilities | 70.00M | 91.00M | 28.00M | 107.00M | 129.00M | 206.00M |
| Other Long-Term Liabilities | 243.00M | 241.00M | 265.00M | 298.00M | 337.00M | 379.00M |
| Total Liabilities | 9.24B | 9.31B | 9.76B | 10.12B | 10.58B | 10.39B |
| Common Stock | 1.00M | 1.00M | 1.00M | 2.00M | 4.00M | 4.00M |
| Additional Paid-In Capital | 3.61B | 3.60B | 3.56B | 3.53B | 3.48B | 3.38B |
| Retained Earnings | 1.33B | 1.22B | 1.01B | 2.93B | 13.99B | 14.26B |
| Treasury Stock | -779.00M | -771.00M | -767.00M | -2.57B | -13.71B | -12.97B |
| Shareholders' Equity | 4.17B | 4.05B | 3.80B | 3.89B | 3.76B | 4.66B |
| Total Liabilities & Equity | 13.41B | 13.36B | 13.56B | 14.01B | 14.35B | 15.05B |
| Total Debt | 6.42B | 6.63B | 7.16B | 7.38B | 7.57B | 6.79B |
| Net Cash (Debt) | -5.60B | -5.96B | -7.03B | -7.19B | -7.41B | -5.20B |
| Net Cash Per Share | -48.28 | -52.25 | -62.72 | -64.80 | -61.77 | -35.12 |
| Filing Date Shares Outstanding | 113.38M | 112.21M | 111.32M | 110.91M | 110.74M | 128.59M |
| Total Common Shares Outstanding | 113.00M | 112.00M | 111.00M | 111.00M | 111.00M | 131.00M |
| Working Capital | 1.32B | 1.16B | 257.00M | 798.00M | 621.00M | 1.74B |
| Book Value Per Share | 36.88 | 36.14 | 34.25 | 35.07 | 33.90 | 35.58 |
| Tangible Book Value | 4.17B | 4.05B | 3.80B | 3.89B | 3.76B | 4.66B |
| Tangible Book Value Per Share | 36.88 | 36.14 | 34.25 | 35.07 | 33.90 | 35.58 |
| Land | 1.07B | 1.08B | 1.09B | 1.10B | 1.11B | |
| Buildings | 8.42B | 8.36B | 8.38B | 8.22B | 8.04B | |
| Machinery | 1.73B | 1.68B | 1.72B | 1.81B | 1.61B | |
| Construction In Progress | 29.00M | 130.00M | 56.00M | 49.00M | 84.00M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 270.00M | 272.00M | 109.00M | 317.00M | -19.00M | 938.00M |
| Depreciation & Amortization | 697.00M | 700.00M | 743.00M | 749.00M | 808.00M | 838.00M |
| Asset Writedown & Restructuring Costs | 11.00M | 36.00M | ||||
| Stock-Based Compensation | 36.00M | 34.00M | 30.00M | 42.00M | 30.00M | 48.00M |
| Other Operating Activities | 78.00M | 138.00M | 5.00M | 90.00M | 52.00M | 260.00M |
| Change in Inventory | 85.00M | 203.00M | -60.00M | 315.00M | -116.00M | -467.00M |
| Change in Accounts Payable | 284.00M | 130.00M | -92.00M | -196.00M | -353.00M | 206.00M |
| Change in Other Net Operating Assets | -98.00M | -108.00M | -123.00M | -149.00M | -120.00M | 448.00M |
| Operating Cash Flow | 1.35B | 1.38B | 648.00M | 1.17B | 282.00M | 2.27B |
| Capital Expenditures | -318.00M | -372.00M | -466.00M | -577.00M | -826.00M | -605.00M |
| Sale of Property, Plant & Equipment | 33.00M | 54.00M | 6.00M | 26.00M | ||
| Sale (Purchase) of Real Estate | 43.00M | 35.00M | ||||
| Other Investing Activities | -22.00M | -15.00M | -7.00M | -11.00M | ||
| Investing Cash Flow | -307.00M | -333.00M | -467.00M | -562.00M | -783.00M | -570.00M |
| Short-Term Debt Issued | 198.00M | 7.00M | 85.00M | |||
| Long-Term Debt Issued | 367.00M | 1.00M | 21.00M | 11.00M | 515.00M | |
| Total Debt Issued | 367.00M | 199.00M | 28.00M | 96.00M | 515.00M | |
| Short-Term Debt Repaid | -290.00M | |||||
| Long-Term Debt Repaid | -523.00M | -192.00M | -368.00M | -106.00M | -1.17B | |
| Total Debt Repaid | -356.00M | -813.00M | -192.00M | -368.00M | -106.00M | -1.17B |
| Net Debt Issued (Repaid) | -356.00M | -446.00M | 7.00M | -340.00M | -10.00M | -654.00M |
| Issuance of Common Stock | 1.00M | 1.00M | ||||
| Repurchase of Common Stock | -9.00M | -5.00M | -10.00M | -16.00M | -679.00M | -1.38B |
| Common Dividends Paid | -56.00M | -56.00M | -222.00M | -220.00M | -239.00M | -147.00M |
| Other Financing Activities | 23.00M | -5.00M | -6.00M | -203.00M | ||
| Financing Cash Flow | -398.00M | -507.00M | -230.00M | -576.00M | -933.00M | -2.38B |
| Net Cash Flow | 647.00M | 540.00M | -49.00M | 30.00M | -1.43B | -684.00M |
| Free Cash Flow | 1.03B | 1.01B | 182.00M | 591.00M | -544.00M | 1.67B |
| Free Cash Flow Margin | 6.70% | 6.49% | 1.12% | 3.38% | -3.01% | 8.57% |
| Free Cash Flow Per Share | 8.91 | 8.84 | 1.62 | 5.32 | -4.53 | 11.26 |
| Levered Free Cash Flow | 879.50M | 784.75M | 368.75M | 588.12M | -630.50M | 1.57B |
| Unlevered Free Cash Flow | 1.04B | 964.75M | 568.12M | 803.12M | -440.50M | 1.74B |
| Cash Interest Paid | 294.00M | 295.00M | 312.00M | 331.00M | 284.00M | 246.00M |
| Cash Income Tax Paid | 51.00M | 51.00M | 78.00M | 69.00M | 111.00M | 370.00M |
| Change in Working Capital | 271.00M | 225.00M | -275.00M | -30.00M | -589.00M | 187.00M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.74B | 1.96B | 1.47B | 2.92B | 3.48B | 8.37B |
| Enterprise Value | 8.34B | 8.62B | 9.08B | 10.78B | 11.45B | 13.28B |
| Last Close Price | 24.15 | 17.05 | 12.37 | 22.35 | 24.46 | 44.22 |
| PE Ratio | 10.36 | 7.21 | 13.49 | 9.22 | 8.93 | |
| Forward PE | 16.07 | 13.89 | 10.34 | 9.86 | 10.41 | 9.08 |
| PS Ratio | 0.18 | 0.13 | 0.09 | 0.17 | 0.19 | 0.43 |
| PB Ratio | 0.65 | 0.48 | 0.39 | 0.75 | 0.93 | 1.80 |
| P/TBV Ratio | 0.66 | 0.48 | 0.39 | 0.75 | 0.93 | 1.80 |
| P/FCF Ratio | 2.65 | 1.94 | 8.08 | 4.95 | 5.03 | |
| P/OCF Ratio | 2.03 | 1.42 | 2.27 | 2.50 | 12.34 | 3.69 |
| PEG Ratio | 1.19 | 1.19 | 1.19 | 4.14 | 1.17 | |
| EV/Sales Ratio | 0.54 | 0.56 | 0.56 | 0.62 | 0.63 | 0.68 |
| EV/EBITDA Ratio | 6.99 | 7.12 | 7.25 | 7.35 | 10.64 | 5.27 |
| EV/EBIT Ratio | 16.81 | 16.90 | 17.83 | 15.03 | 42.74 | 7.90 |
| EV/FCF Ratio | 8.06 | 8.55 | 49.88 | 18.24 | 7.97 | |
| Debt / Equity Ratio | 1.54 | 1.64 | 1.88 | 1.90 | 2.01 | 1.46 |
| Debt / EBITDA Ratio | 4.38 | 4.48 | 4.69 | 4.25 | 5.65 | 2.41 |
| Debt / FCF Ratio | 6.21 | 6.58 | 39.34 | 12.48 | 4.07 | |
| Net Debt / Equity Ratio | 1.34 | 1.47 | 1.85 | 1.85 | 1.97 | 1.11 |
| Net Debt / EBITDA Ratio | 4.69 | 4.92 | 5.61 | 4.91 | 6.89 | 2.06 |
| Net Debt / FCF Ratio | 5.42 | 5.91 | 38.60 | 12.17 | -13.63 | 3.12 |
| Asset Turnover | 1.15 | 1.15 | 1.18 | 1.23 | 1.23 | 1.28 |
| Inventory Turnover | 3.11 | 3.24 | 3.32 | 3.46 | 3.66 | 4.04 |
| Quick Ratio | 0.30 | 0.32 | 0.09 | 0.13 | 0.12 | 0.54 |
| Current Ratio | 1.49 | 1.46 | 1.08 | 1.31 | 1.20 | 1.53 |
| Return on Equity (ROE) | 6.67% | 6.93% | 2.83% | 8.28% | -0.45% | 19.03% |
| Return on Assets (ROA) | 2.31% | 2.37% | 2.31% | 3.16% | 1.14% | 6.91% |
| Return on Invested Capital (ROIC) | 4.06% | 3.96% | 4.44% | 5.47% | 2.55% | 13.24% |
| Return on Capital Employed (ROCE) | 4.60% | 4.70% | 4.90% | 6.30% | 2.40% | 14.30% |
| Earnings Yield | 9.65% | 13.88% | 7.41% | 10.85% | -0.55% | 11.20% |
| FCF Yield | 37.76% | 51.43% | 12.38% | 20.22% | -15.64% | 19.90% |
| Dividend Yield | 2.07% | 2.86% | 12.27% | 7.60% | 6.38% | 1.96% |
| Payout Ratio | 21.45% | 20.59% | 203.67% | 69.40% | 15.67% | |
| Buyback Yield / Dilution | -3.11% | -1.79% | -0.90% | 7.50% | 18.92% | 3.90% |
| Total Shareholder Return | -1.04% | 1.07% | 11.37% | 15.10% | 25.30% | 5.85% |