TPR Consumer Cyclical

Tapestry, Inc.

$121.02+0.22%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Luxury Goods
Country: United States
Market cap: 24.1B USD
Enterprise value: 25.2B USD
Full-time employees: 12,600

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.43 vs a peer median of 0.63) and more debt relative to equity (3.46× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.43 vs peers 0.63) and more debt vs equity (3.46× vs peers 0.46×)
About average: valuation

Ranks #366 of 1,502 consumer cyclical companies (top 25%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.5× equity vs a peer median of 0.5×.Debt is 3.5× equity vs peers 0.5×.
Debt is 3.5× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.5× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.
Operating margin at a 6-year high. 24% in FY Jun 2026, the best of the last 6 years.
Tapestry kept 24% of revenue as operating profit in FY Jun 2026, its highest in the 6 years of filings we have.
Profits growing faster than sales. Since FY Jun 2023: revenue +20%, operating profit +63%.
Since FY Jun 2023, Tapestry's revenue grew 20% while operating profit grew 63%: each extra dollar of sales is adding more profit.
Share count shrinking. Shares outstanding down 12% from July 2023 to July 2026.
Tapestry had 12% fewer shares at July 2026 than at July 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.

StockQuotient Score

63/ 100▼ 1 since Oct 27 close

Oct 5 63 → Nov 4 63

Valuation

Is the price right?

53/100

Moderate▼ 4 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 57 → 53

Share price +8.6%-5
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.59Sector median: 0.0439 · MAD: 0.0329

EBITDA yield8.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.13Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield7.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.25Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield2.9%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth771.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.88Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth6.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.32Sector median: 0.0425 · MAD: 0.0636

Revenue growth14.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.60Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

99/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 12.6 points to 23.9%

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin23.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.74Sector median: 0.0638 · MAD: 0.0461

Return on assets22.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.06Sector median: 0.0331 · MAD: 0.0254

Return on invested capital71.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.21Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin77.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity220.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.43

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.68Sector median: 0.6345 · MAD: 0.2980

Current ratio1.75×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.49Sector median: 1.4800 · MAD: 0.5570

Debt / equity3.46×

SEC filings · latest balance sheetReported value33% base weight · Z-score -8.43Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Tapestry

Is Tapestry getting weaker?: Its latest SEC filing (Sep 25, 2026) got stronger: operating margin rose 12.6 points to 23.9%. Its overall score is 63/100, down 1 since Oct 28, 2026.
How is Tapestry valued vs its peers?: Priced about in line with its peers. Valuation scores 53/100 against 1,612 consumer cyclical peers. Earnings yield 6.3% vs a peer median of 4.4% (stronger than 67% of peers).Earnings yield 6.3% vs peers 4.4% (stronger than 67% of peers).
Is Tapestry growing?: Yes, faster than most of its peers. Growth scores 95/100 against 1,612 consumer cyclical peers. Earnings per share growth 771.5% vs a peer median of 4.2% (stronger than 95% of peers).Earnings per share growth 771.5% vs peers 4.2% (stronger than 95% of peers).
How profitable is Tapestry?: More profitable than most of its peers. Profitability scores 99/100 against 1,612 consumer cyclical peers. Operating margin 23.9% vs a peer median of 6.4% (stronger than 95% of peers).Operating margin 23.9% vs peers 6.4% (stronger than 95% of peers).
How risky is Tapestry?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.75× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.75× vs peers 1.48× (stronger than 62% of peers). Beta 1.43 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.43 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 27, 2026 · filed Sep 25, 2026 · compared with the quarter ended Mar 28, 2026

Got stronger

Operating margin rose 12.6 points to 23.9%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	7.9B USD	8.0B USD	+2.0%
Net income (12 months)	662.8M USD	1.5B USD	+130.5%
Operating margin	11.3%	23.9%	+12.6 pts
Free cash flow (12 months)	1.8B USD	1.8B USD	+3.3%
Debt	2.4B USD	2.4B USD	0.0%
Cash	1.0B USD	974.7M USD	−6.9%
Shares outstanding	202.0M	199.4M	−1.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Luxury Goods companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jun 2022	FY Jun 2023	FY Jun 2024	FY Jun 2025	FY Jun 2026	Change
Gross margin	69.6%	70.8%	73.3%	75.4%	77.8%	▲ 2.4 pts
Operating margin	17.6%	17.6%	17.1%	5.9%	23.9%	▲ 18 pts
Net margin	12.8%	14.1%	12.2%	2.6%	19.1%	▲ 16 pts
Return on assets (ROA)	11.8%	13.2%	6.1%	2.8%	22.8%	▲ 20 pts
Return on equity (ROE)	37.5%	41.1%	28.2%	21.4%	220.7%	▲ 199 pts
Free cash flow margin	11.4%	11.9%	17.2%	15.6%	22.6%	▲ 7.0 pts
Current ratio	1.75×	1.84×	5.14×	1.87×	1.75×	▼ 6.1%
Quick ratio	1.08×	1.12×	4.66×	1.31×	1.25×	▼ 4.8%
Debt to equity	0.74×	0.73×	2.52×	2.81×	3.46×	▲ 23%
Interest coverage	17.09×	16.10×	3.08×	1.53×	16.05×	▲ 949%

TPR price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.43 vs a peer median of 0.63) and more debt relative to equity (3.46× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.43 vs peers 0.63) and more debt vs equity (3.46× vs peers 0.46×)

About average: valuation

Ranks #366 of 1,502 consumer cyclical companies (top 25%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.5× equity vs a peer median of 0.5×.Debt is 3.5× equity vs peers 0.5×.

Debt is 3.5× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.5× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.

Operating margin at a 6-year high. 24% in FY Jun 2026, the best of the last 6 years.

Tapestry kept 24% of revenue as operating profit in FY Jun 2026, its highest in the 6 years of filings we have.

Profits growing faster than sales. Since FY Jun 2023: revenue +20%, operating profit +63%.

Since FY Jun 2023, Tapestry's revenue grew 20% while operating profit grew 63%: each extra dollar of sales is adding more profit.

Share count shrinking. Shares outstanding down 12% from July 2023 to July 2026.

Tapestry had 12% fewer shares at July 2026 than at July 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.

Questions investors ask about Tapestry

Is Tapestry getting weaker?

Its latest SEC filing (Sep 25, 2026) got stronger: operating margin rose 12.6 points to 23.9%. Its overall score is 63/100, down 1 since Oct 28, 2026.

How is Tapestry valued vs its peers?

Priced about in line with its peers. Valuation scores 53/100 against 1,612 consumer cyclical peers. Earnings yield 6.3% vs a peer median of 4.4% (stronger than 67% of peers).Earnings yield 6.3% vs peers 4.4% (stronger than 67% of peers).

Is Tapestry growing?

Yes, faster than most of its peers. Growth scores 95/100 against 1,612 consumer cyclical peers. Earnings per share growth 771.5% vs a peer median of 4.2% (stronger than 95% of peers).Earnings per share growth 771.5% vs peers 4.2% (stronger than 95% of peers).

How profitable is Tapestry?

More profitable than most of its peers. Profitability scores 99/100 against 1,612 consumer cyclical peers. Operating margin 23.9% vs a peer median of 6.4% (stronger than 95% of peers).Operating margin 23.9% vs peers 6.4% (stronger than 95% of peers).

How risky is Tapestry?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.75× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.75× vs peers 1.48× (stronger than 62% of peers). Beta 1.43 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.43 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

7.9B USD

8.0B USD

+2.0%

Net income (12 months)

662.8M USD

1.5B USD

+130.5%

Operating margin

11.3%

23.9%

+12.6 pts

Free cash flow (12 months)

1.8B USD

1.8B USD

+3.3%

Debt

2.4B USD

2.4B USD

0.0%

Cash

1.0B USD

974.7M USD

−6.9%

Shares outstanding

202.0M

199.4M

−1.3%

Key ratios

FY Jun 2022

FY Jun 2023

FY Jun 2024

FY Jun 2025

FY Jun 2026

Change

Gross margin

69.6%

70.8%

73.3%

75.4%

77.8%

▲ 2.4 pts

Operating margin

17.6%

17.1%

5.9%

23.9%

▲ 18 pts

Net margin

12.8%

14.1%

12.2%

2.6%

19.1%

▲ 16 pts

Return on assets (ROA)

11.8%

13.2%

6.1%

2.8%

22.8%

▲ 20 pts

Return on equity (ROE)

37.5%

41.1%

28.2%

21.4%

220.7%

▲ 199 pts

Free cash flow margin

11.4%

11.9%

17.2%

15.6%

22.6%

▲ 7.0 pts

Current ratio

1.75×

1.84×

5.14×

1.87×

1.75×

▼ 6.1%

Quick ratio

1.08×

1.12×

4.66×

1.31×

1.25×

▼ 4.8%

Debt to equity

0.74×

0.73×

2.52×

2.81×

3.46×

▲ 23%

Interest coverage

17.09×

16.10×

3.08×

1.53×

16.05×

▲ 949%