NYSE : RL
Ralph Lauren Corporation — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 400.52 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 23.86B
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Financial statements
Ralph Lauren Corporation (RL) reported revenue of 8.36B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 8.36B | 8.11B | 7.08B | 6.63B | 6.44B | 6.22B |
| Cost of Revenue | 2.48B | 2.45B | 2.23B | 2.20B | 2.26B | 2.08B |
| Gross Profit | 5.87B | 5.67B | 4.85B | 4.43B | 4.18B | 4.13B |
| Selling, General & Admin | 4.38B | 4.24B | 3.82B | 3.56B | 3.37B | 3.43B |
| Amortization of Goodwill & Intangibles | 10.70M | 10.70M | 12.90M | 13.10M | 14.00M | 17.90M |
| Other Operating Expenses | 91.30M | 92.20M | 37.40M | 19.10M | 23.80M | 18.20M |
| Operating Expenses | 4.51B | 4.38B | 3.90B | 3.62B | 3.43B | 3.49B |
| Operating Income | 1.36B | 1.29B | 953.40M | 812.30M | 746.70M | 647.20M |
| Interest Expense | -55.70M | -54.20M | -44.10M | -42.20M | -40.40M | -54.00M |
| Interest & Investment Income | 50.50M | 53.70M | 74.00M | 73.00M | 32.20M | 5.50M |
| Currency Exchange Gain (Loss) | -66.00M | -83.20M | -5.60M | -3.10M | -4.50M | 168.60M |
| Other Non Operating Income (Expenses) | -12.70M | -6.60M | -6.80M | 100.00K | 1.70M | |
| EBT Excluding Unusual Items | 1.27B | 1.20B | 971.10M | 833.20M | 734.10M | 769.00M |
| Merger & Restructuring Charges | -32.30M | -25.90M | -20.40M | -55.80M | -19.40M | -25.30M |
| Asset Writedown | -9.50M | |||||
| Other Unusual Items | 1.30M | -13.30M | 10.90M | |||
| Pretax Income | 1.24B | 1.18B | 950.70M | 777.40M | 691.90M | 754.60M |
| Income Tax Expense | 259.00M | 236.60M | 207.80M | 131.10M | 169.20M | 154.50M |
| Net Income | 982.90M | 941.10M | 742.90M | 646.30M | 522.70M | 600.10M |
| Net Income to Common | 982.90M | 941.10M | 742.90M | 646.30M | 522.70M | 600.10M |
| Shares Outstanding (Basic) | 60.77M | 61.00M | 62.60M | 65.20M | 67.70M | 73.00M |
| Shares Outstanding (Diluted) | 62.00M | 62.30M | 64.00M | 66.50M | 69.00M | 74.30M |
| EPS (Basic) | 16.17 | 15.43 | 11.87 | 9.91 | 7.72 | 8.22 |
| EPS (Diluted) | 15.87 | 15.11 | 11.61 | 9.71 | 7.58 | 8.07 |
| Free Cash Flow | 1.04B | 746.10M | 1.02B | 904.90M | 193.50M | 549.00M |
| Free Cash Flow Per Share | 16.83 | 11.98 | 15.92 | 13.61 | 2.80 | 7.39 |
| Dividend Per Share | 3.74 | 3.65 | 3.30 | 3.00 | 3.00 | 2.75 |
| Gross Margin | 70.27% | 69.86% | 68.55% | 66.83% | 64.89% | 66.48% |
| Operating Margin | 16.24% | 15.86% | 13.47% | 12.25% | 11.59% | 10.41% |
| Profit Margin | 11.76% | 11.60% | 10.49% | 9.75% | 8.11% | 9.65% |
| Free Cash Flow Margin | 12.49% | 9.20% | 14.39% | 13.65% | 3.00% | 8.83% |
| EBITDA | 1.59B | 1.52B | 1.17B | 1.04B | 967.20M | 876.90M |
| EBITDA Margin | 19.07% | 18.74% | 16.57% | 15.70% | 15.01% | 14.10% |
| D&A For EBITDA | 236.40M | 233.00M | 219.60M | 229.00M | 220.50M | 229.70M |
| EBIT | 1.36B | 1.29B | 953.40M | 812.30M | 746.70M | 647.20M |
| EBIT Margin | 16.24% | 15.86% | 13.47% | 12.25% | 11.59% | 10.41% |
| Effective Tax Rate | 20.86% | 20.09% | 21.86% | 16.86% | 24.45% | 20.47% |
| Advertising Expenses | 634.70M | 516.30M | 467.00M | 438.10M | 456.30M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.72B | 1.99B | 1.92B | 1.66B | 1.53B | 1.86B |
| Short-Term Investments | 222.60M | 77.00M | 160.50M | 121.00M | 36.40M | 734.60M |
| Cash & Short-Term Investments | 1.94B | 2.06B | 2.08B | 1.78B | 1.57B | 2.60B |
| Accounts Receivable | 388.90M | 491.70M | 459.50M | 446.50M | 447.70M | 405.40M |
| Other Receivables | 154.90M | 186.00M | 152.80M | 114.50M | 132.00M | 137.40M |
| Receivables | 543.80M | 677.70M | 612.30M | 561.00M | 579.70M | 542.80M |
| Inventory | 1.16B | 1.01B | 949.60M | 902.20M | 1.07B | 977.30M |
| Prepaid Expenses | 141.60M | 91.00M | 89.20M | 84.10M | 87.50M | 77.80M |
| Restricted Cash | 2.20M | 1.40M | 1.40M | 2.80M | 1.50M | |
| Other Current Assets | 41.80M | 37.80M | 54.40M | 26.50M | 18.40M | 21.00M |
| Total Current Assets | 3.83B | 3.89B | 3.79B | 3.36B | 3.32B | 4.22B |
| Property, Plant & Equipment | 2.36B | 2.37B | 1.86B | 1.86B | 2.09B | 2.08B |
| Long-Term Investments | 10.20M | 5.90M | 3.10M | 7.50M | 10.60M | 12.00M |
| Goodwill | 899.50M | 904.20M | 888.50M | 888.10M | 898.90M | 908.70M |
| Other Intangible Assets | 90.80M | 93.30M | 62.80M | 75.70M | 88.90M | 102.90M |
| Long-Term Deferred Tax Assets | 326.50M | 345.10M | 335.40M | 288.30M | 255.10M | 303.80M |
| Long-Term Deferred Charges | 49.60M | 39.90M | 18.30M | 22.30M | 16.90M | 14.90M |
| Other Long-Term Assets | 87.10M | 93.70M | 89.80M | 95.90M | 105.50M | 84.30M |
| Total Assets | 7.66B | 7.74B | 7.05B | 6.60B | 6.79B | 7.72B |
| Accounts Payable | 556.70M | 431.00M | 436.00M | 332.20M | 371.60M | 448.70M |
| Accrued Expenses | 864.80M | 942.20M | 791.70M | 666.40M | 654.00M | 826.60M |
| Current Portion of Long-Term Debt | 399.70M | 499.80M | ||||
| Current Portion of Leases | 248.90M | 232.40M | 246.00M | 264.70M | 287.00M | 281.80M |
| Current Income Taxes Payable | 78.90M | 80.00M | 146.50M | 79.80M | 59.70M | 53.80M |
| Current Unearned Revenue | 19.60M | 22.00M | 16.60M | 17.30M | 14.00M | 16.50M |
| Other Current Liabilities | 106.70M | 118.90M | 97.20M | 106.80M | 107.20M | 128.50M |
| Total Current Liabilities | 1.88B | 1.83B | 2.13B | 1.47B | 1.49B | 2.26B |
| Long-Term Debt | 1.24B | 1.24B | 742.90M | 1.14B | 1.14B | 1.14B |
| Long-Term Leases | 1.52B | 1.54B | 1.28B | 1.27B | 1.46B | 1.47B |
| Pension & Post-Retirement Benefits | 28.70M | 27.50M | 22.50M | 20.50M | 12.40M | 12.00M |
| Long-Term Deferred Tax Liabilities | 8.00M | 8.10M | 5.90M | 7.00M | 7.20M | 12.50M |
| Other Long-Term Liabilities | 269.90M | 259.00M | 274.30M | 247.00M | 251.00M | 298.20M |
| Total Liabilities | 4.94B | 4.90B | 4.46B | 4.15B | 4.36B | 5.19B |
| Common Stock | 1.30M | 1.30M | 1.30M | 1.30M | 1.30M | 1.30M |
| Additional Paid-In Capital | 3.17B | 3.14B | 3.03B | 2.92B | 2.82B | 2.75B |
| Retained Earnings | 8.51B | 8.31B | 7.59B | 7.05B | 6.60B | 6.27B |
| Treasury Stock | -8.69B | -8.36B | -7.73B | -7.25B | -6.80B | -6.31B |
| Comprehensive Income & Other | -272.80M | -251.30M | -299.90M | -276.10M | -196.00M | -180.30M |
| Shareholders' Equity | 2.72B | 2.84B | 2.59B | 2.45B | 2.43B | 2.54B |
| Total Liabilities & Equity | 7.66B | 7.74B | 7.05B | 6.60B | 6.79B | 7.72B |
| Total Debt | 3.00B | 3.01B | 2.67B | 2.68B | 2.88B | 3.39B |
| Net Cash (Debt) | -1.06B | -944.40M | -585.10M | -892.10M | -1.32B | -793.50M |
| Net Cash Per Share | -17.13 | -15.16 | -9.14 | -13.42 | -19.08 | -10.68 |
| Filing Date Shares Outstanding | 59.58M | 59.52M | 60.32M | 62.51M | 65.40M | 70.08M |
| Total Common Shares Outstanding | 59.60M | 60.10M | 61.50M | 63.30M | 65.60M | 69.90M |
| Working Capital | 1.96B | 2.06B | 1.66B | 1.89B | 1.83B | 1.96B |
| Book Value Per Share | 45.66 | 47.28 | 42.09 | 38.71 | 37.05 | 36.28 |
| Tangible Book Value | 1.73B | 1.84B | 1.64B | 1.49B | 1.44B | 1.52B |
| Tangible Book Value Per Share | 29.05 | 30.68 | 26.62 | 23.48 | 21.99 | 21.81 |
| Land | 56.70M | 56.70M | 15.30M | 15.30M | 15.30M | 15.30M |
| Buildings | 543.10M | 543.50M | 416.90M | 416.80M | 471.90M | 480.40M |
| Machinery | 1.15B | 1.12B | 1.05B | 1.02B | 984.70M | 965.30M |
| Construction In Progress | 68.20M | 88.50M | 91.10M | 46.20M | 60.90M | 55.40M |
| Leasehold Improvements | 1.45B | 1.45B | 1.31B | 1.25B | 1.22B | 1.17B |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 982.90M | 941.10M | 742.90M | 646.30M | 522.70M | 600.10M |
| Depreciation & Amortization | 236.40M | 233.00M | 219.60M | 229.00M | 220.50M | 229.70M |
| Asset Writedown & Restructuring Costs | 9.70M | 21.30M | ||||
| Stock-Based Compensation | 114.60M | 111.00M | 107.90M | 99.50M | 75.50M | 81.70M |
| Provision & Write-off of Bad Debts | 11.80M | 13.60M | 9.20M | 7.30M | 2.30M | -2.20M |
| Other Operating Activities | 41.20M | 13.80M | -46.40M | -27.40M | 4.90M | -45.10M |
| Change in Accounts Receivable | -15.60M | -35.60M | -27.60M | -15.30M | -52.60M | 32.40M |
| Change in Inventory | 34.30M | -44.20M | -52.60M | 149.10M | -106.20M | -269.30M |
| Change in Accounts Payable | 109.70M | 142.20M | 226.20M | 15.60M | -225.00M | 194.60M |
| Change in Income Taxes | -72.40M | -94.10M | 27.90M | -18.50M | 5.70M | -62.30M |
| Change in Other Net Operating Assets | -125.50M | -126.60M | 28.00M | -15.90M | -46.50M | -65.00M |
| Operating Cash Flow | 1.32B | 1.15B | 1.24B | 1.07B | 411.00M | 715.90M |
| Capital Expenditures | -274.20M | -408.10M | -216.20M | -164.80M | -217.50M | -166.90M |
| Sale (Purchase) of Intangibles | -41.20M | -41.20M | ||||
| Investment in Securities | -40.90M | 89.60M | -47.50M | -88.50M | 694.80M | -546.00M |
| Other Investing Activities | -6.10M | 3.10M | -400.00K | -3.50M | -5.80M | -5.00M |
| Investing Cash Flow | -362.40M | -356.60M | -264.10M | -256.80M | 471.50M | -717.90M |
| Long-Term Debt Issued | 498.20M | |||||
| Total Debt Issued | 498.20M | |||||
| Long-Term Debt Repaid | -423.20M | -22.00M | -21.30M | -521.90M | -23.10M | |
| Total Debt Repaid | -424.30M | -423.20M | -22.00M | -21.30M | -521.90M | -23.10M |
| Net Debt Issued (Repaid) | -424.30M | 75.00M | -22.00M | -21.30M | -521.90M | -23.10M |
| Repurchase of Common Stock | -625.60M | -623.80M | -480.90M | -449.70M | -488.60M | -492.60M |
| Common Dividends Paid | -220.60M | -216.50M | -201.10M | -194.60M | -198.30M | -150.00M |
| Other Financing Activities | -300.00K | -4.40M | ||||
| Financing Cash Flow | -1.27B | -769.70M | -704.00M | -665.60M | -1.21B | -665.70M |
| Foreign Exchange Rate Adjustments | -55.20M | 37.40M | -8.20M | -13.60M | -8.80M | -48.30M |
| Net Cash Flow | -371.00M | 65.30M | 258.80M | 133.70M | -335.10M | -716.00M |
| Free Cash Flow | 1.04B | 746.10M | 1.02B | 904.90M | 193.50M | 549.00M |
| Free Cash Flow Margin | 12.49% | 9.20% | 14.39% | 13.65% | 3.00% | 8.83% |
| Free Cash Flow Per Share | 16.83 | 11.98 | 15.92 | 13.61 | 2.80 | 7.39 |
| Levered Free Cash Flow | 880.09M | 656.19M | 834.81M | 822.81M | 112.84M | 539.75M |
| Unlevered Free Cash Flow | 914.90M | 690.06M | 862.38M | 849.19M | 138.09M | 573.50M |
| Cash Interest Paid | 57.80M | 46.50M | 41.40M | 40.50M | 39.90M | 46.60M |
| Cash Income Tax Paid | 353.20M | 356.60M | 151.60M | 155.50M | 160.20M | 216.30M |
| Change in Working Capital | -69.50M | -158.30M | 201.90M | 115.00M | -424.60M | -169.60M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 23.86B | 19.85B | 13.32B | 12.00B | 7.70B | 7.97B |
| Enterprise Value | 24.92B | 20.45B | 13.86B | 12.84B | 8.82B | 8.42B |
| Last Close Price | 392.87 | 326.09 | 212.06 | 181.66 | 110.43 | 102.82 |
| PE Ratio | 25.24 | 21.09 | 17.93 | 18.57 | 14.73 | 13.28 |
| Forward PE | 19.95 | 18.64 | 16.03 | 16.79 | 13.01 | 12.98 |
| PS Ratio | 2.86 | 2.45 | 1.88 | 1.81 | 1.20 | 1.28 |
| PB Ratio | 8.60 | 6.98 | 5.15 | 4.90 | 3.17 | 3.14 |
| P/TBV Ratio | 13.80 | 10.76 | 8.14 | 8.07 | 5.34 | 5.23 |
| P/FCF Ratio | 22.90 | 26.60 | 13.07 | 13.26 | 39.78 | 14.52 |
| P/OCF Ratio | 18.13 | 17.19 | 10.79 | 11.22 | 18.73 | 11.13 |
| PEG Ratio | 1.80 | 1.08 | 1.16 | 1.40 | 1.64 | 0.17 |
| EV/Sales Ratio | 2.99 | 2.52 | 1.96 | 1.94 | 1.37 | 1.35 |
| EV/EBITDA Ratio | 15.66 | 13.45 | 11.82 | 12.33 | 9.12 | 9.61 |
| EV/EBIT Ratio | 18.39 | 15.89 | 14.54 | 15.81 | 11.82 | 13.01 |
| EV/FCF Ratio | 23.92 | 27.41 | 13.61 | 14.19 | 45.59 | 15.34 |
| Debt / Equity Ratio | 1.10 | 1.06 | 1.03 | 1.09 | 1.19 | 1.34 |
| Debt / EBITDA Ratio | 1.28 | 1.33 | 1.46 | 1.60 | 1.83 | 2.31 |
| Debt / FCF Ratio | 2.88 | 4.03 | 2.62 | 2.96 | 14.89 | 6.18 |
| Net Debt / Equity Ratio | 0.39 | 0.33 | 0.23 | 0.36 | 0.54 | 0.31 |
| Net Debt / EBITDA Ratio | 0.67 | 0.62 | 0.50 | 0.86 | 1.36 | 0.91 |
| Net Debt / FCF Ratio | 1.02 | 1.27 | 0.57 | 0.99 | 6.80 | 1.45 |
| Asset Turnover | 1.08 | 1.10 | 1.04 | 0.99 | 0.89 | 0.80 |
| Inventory Turnover | 2.08 | 2.49 | 2.40 | 2.23 | 2.21 | 2.39 |
| Quick Ratio | 1.32 | 1.50 | 1.26 | 1.60 | 1.44 | 1.39 |
| Current Ratio | 2.04 | 2.13 | 1.78 | 2.29 | 2.23 | 1.87 |
| Return on Equity (ROE) | 37.54% | 34.66% | 29.49% | 26.48% | 21.05% | 23.35% |
| Return on Assets (ROA) | 11.00% | 10.88% | 8.73% | 7.58% | 6.43% | 5.18% |
| Return on Invested Capital (ROIC) | 28.37% | 29.56% | 22.87% | 19.05% | 15.94% | 15.19% |
| Return on Capital Employed (ROCE) | 23.50% | 21.80% | 19.40% | 15.80% | 14.10% | 11.80% |
| Earnings Yield | 3.96% | 4.74% | 5.58% | 5.38% | 6.79% | 7.53% |
| FCF Yield | 4.37% | 3.76% | 7.65% | 7.54% | 2.51% | 6.89% |
| Dividend Yield | 1.01% | 1.10% | 1.52% | 1.58% | 2.56% | 2.41% |
| Payout Ratio | 25.21% | 23.00% | 27.07% | 30.11% | 37.94% | 25.00% |
| Buyback Yield / Dilution | 2.32% | 2.66% | 3.76% | 3.62% | 7.13% | -1.09% |
| Total Shareholder Return | 3.33% | 3.76% | 5.28% | 5.21% | 9.69% | 1.32% |