FirmAtlas
Company handbook · RL · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
RL · CIK 1037038 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
RALPH LAUREN CORPORATION
$385.50
−5.57 (−1.42%)
Close, Oct 16, 2026 · 52-week $307–422
Last fiscal year
RALPH LAUREN CORPORATION reported revenue of $8.1B for the year ended Mar 28, 2026 (FY25), up 14.6% from FY24. Net income was $941M and operating cash flow $1.2B. Source: 10-K filed May 21, 2026.
Market cap
$24.0B
P/E
24.4
EV/EBITDA
16.4x
P/B
8.8
Div yield
0.99%
ROIC
58.0%
Revenue 1Y
14.6%/yr
EPS 1Y
30.1%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOPatrice Louvet
HQNew York, NY
AuditorErnst & Young LLP
Employees23,600
Year endsMarch
Revenue by segment · FY25
North America41%
Europe31%
Asia26%
All Other Segments2%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
14.7%
26.5%
51.1%
19.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.7B deployed
Capex
$216M
12.4%
Dividends
$418M
24.0%
Buybacks
$1.1B
63.5%
Operating cash flow over the period: $2.4B. Total debt changed by +$496M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Mar 28, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
7,079
8,114+14.6%
8,355
YoY
+14.6%
Gross profit
4,853
5,669+16.8%
5,871
Gross margin
68.6%
69.9%+1.3 pp
—
Operating income
932
1,179+26.5%
1,248
Operating margin
13.2%
14.5%+1.4 pp
—
EBITDA
1,152
1,412+22.6%
—
EBITDA margin
16.3%
17.4%+1.1 pp
—
Interest expense
44
54+22.9%
—
Interest coverage
26.12x
26.06x−0.06x
—
Net income
743
941+26.7%
983
YoY
+26.7%
Net margin
10.5%
11.6%+1.1 pp
—
EPS (diluted, $)
11.61
15.11+30.1%
15.85
YoY
+30.1%
Balance sheet
Total assets
7,047
7,740+9.8%
7,659
Cash & short-term investments
2,090
2,072−0.9%
—
Accounts receivable
460
492+7.0%
—
Inventory
950
1,014+6.8%
—
Net PP&E
846
1,071+26.5%
—
Other assets
2,702
3,091+14.4%
—
Total liabilities
4,459
4,898+9.9%
4,937
Accounts payable
436
431−1.1%
—
Total debt
743
1,239+66.8%
1,239
Other liabilities
3,280
3,228−1.6%
—
Shareholders’ equity
2,588
2,841+9.8%
2,722
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,235
1,154−6.6%
1,317
Net income
743
941+26.7%
—
Depreciation & amortization
220
233+6.1%
—
Stock-based compensation
108
111+2.9%
—
Working capital & other
165
(131)−179.5%
—
Cash from investing
(264)
(357)n/m
—
Capex
(216)
—
—
Investments bought
(782)
(634)n/m
—
Investments sold / matured
734
724−1.5%
—
Other investing
(0.4)
(446)n/m
—
Cash from financing
(704)
(770)n/m
—
Debt raised
0
498n/m
—
Debt repaid
0
(400)n/m
—
Dividends
(201)
(216)n/m
—
Buybacks
(481)
(624)n/m
—
Other financing
(22)
(28)n/m
—
Net change in cash
259
65−74.8%
—
Free cash flow (OCF − capex)
1,019
—
—
Where the cash went
Operating cash flow
1,235
1,154−6.6%
1,317
Reinvested in the business
216
—
—
% of operating cash flow
17.5%
—
Capex
216
—
—
Free cash flow
1,019
—
—
YoY
Returned to shareholders
682
840+23.2%
—
% of free cash flow
66.9%
—
Dividends
201
216+7.7%
—
Buybacks
481
624+29.7%
—
Change in total debt
—
496
—
FCF conversion (FCF ÷ net income)
137.2%
—
—
Buyback yield
3.5%
3.1%−0.4 pp
—
Returns & ratios
ROIC (all capital)
58.7%
58.0%−0.7 pp
—
ROIC (operating)
40.0%
47.5%+7.5 pp
—
Net debt / EBITDA
−1.17x
−0.59x+0.58x
—
Debt / equity
0.29x
0.44x+0.15x
—
Cash conversion cycle (days)
108
109+1 d
—
ROE
28.7%
33.1%+4.4 pp
—
ROA
10.5%
12.2%+1.6 pp
—
ROCE
19.0%
19.9%+1.0 pp
—
NOPAT
728
942+29.4%
—
Invested capital (operating)
1,820
2,146+17.9%
—
Invested capital (all)
1,242
2,009+61.8%
—
Reinvestment rate
—
34.6%
—
Debtor days
24
22−2 d
—
Inventory days
156
151−4 d
—
Days payable
71
64−7 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,011
2,406
1,979
1,960
vs year-ago quarter
Gross profit
1,366
1,682
1,379
1,444
Gross margin
68.0%
69.9%
69.7%
73.7%
Operating income
246
471
189
342
Net income
208
362
152
262
vs year-ago quarter
Net margin
10.3%
15.0%
7.7%
13.4%
EPS (diluted, $)
3.32
5.82
2.43
4.28
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
7,348
7,814
7,740
7,659
Cash & equivalents
1,450
2,039
2,072
1,726
Total debt
1,238
1,238
1,239
1,239
Shareholders’ equity
2,582
2,888
2,841
2,722
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
53
780
145
339
Capex
94
76
—
53
Free cash flow
(41)
704
—
286
vs year-ago quarter