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RALPH LAUREN CORP

RL· NYSE· Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
–
ROIC, 5 yr avg
38.5%
Revenue, 5 yr CAGR
+13.0%
We record prices for the companies we cover; RL is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
62.3M
Revenue
$8.1B
Free cash flow
–
Owner earnings
–

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
69.9%
Operating
14.5%
Net
11.6%
Free cash flow
–
Owner earnings
–
Stock pay
1.4%

Returns

ROIC, FY2026
46.8%
ROIC, 5 yr avg
38.5%
ROE, FY2026
33.1%
ROE, 5 yr avg
26.7%

Growth (CAGR)

Revenue, 3 yr
8.0%
Revenue, 5 yr
13.0%
Revenue, 9 yr
2.2%
Diluted EPS, 3 yr
25.9%
Diluted EPS, 5 yr
–
Diluted EPS, 9 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–
Free cash flow, 9 yr
–

Financial health · FY2026

Cash and investments
$2.1B
Total debt
$1.2B
Net cash
$826.1M
Debt/Equity
0.4x
Debt/FCF
–

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
23.0%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-3.3%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$8.1B

+2.2% a year over 9 years

FY2017: Revenue $6.7BFY2018: Revenue $6.2BFY2019: Revenue $6.3BFY2020: Revenue $6.2BFY2021: Revenue $4.4BFY2022: Revenue $6.2BFY2023: Revenue $6.4BFY2024: Revenue $6.6BFY2025: Revenue $7.1BFY2026: Revenue $8.1B
FY2017FY2026

Margins

Gross69.9%Operating14.5%Net11.6%

FY2026

FY2017: Gross 54.9%, Operating -1.4%, Net -1.5%FY2018: Gross 60.7%, Operating 8.1%, Net 2.6%FY2019: Gross 61.6%, Operating 8.9%, Net 6.8%FY2020: Gross 59.3%, Operating 5.1%, Net 6.2%FY2021: Gross 65.0%, Operating -1.0%, Net -2.8%FY2022: Gross 66.7%, Operating 12.8%, Net 9.7%FY2023: Gross 64.7%, Operating 10.9%, Net 8.1%FY2024: Gross 66.8%, Operating 11.4%, Net 9.7%FY2025: Gross 68.6%, Operating 13.2%, Net 10.5%FY2026: Gross 69.9%, Operating 14.5%, Net 11.6%
FY2017FY2026

Free cash flow and owner earnings

Free cash flow–Owner earnings–

Free cash flow +5.4% a year

FY2017: Free cash flow $668.6M, Owner earnings $605.0MFY2018: Free cash flow $813.5M, Owner earnings $739.0MFY2019: Free cash flow $586.1M, Owner earnings $497.5MFY2020: Free cash flow $484.3M, Owner earnings $383.7MFY2021: Free cash flow $273.1M, Owner earnings $200.4MFY2022: Free cash flow $549.0M, Owner earnings $467.3MFY2023: Free cash flow $193.5M, Owner earnings $118.0MFY2024: Free cash flow $904.9M, Owner earnings $805.4MFY2025: Free cash flow $1.0B, Owner earnings $911.0MFY2026: Free cash flow –, Owner earnings –
FY2017FY2026

Diluted shares

62.3M

-24.7% over 9 years, net buybacks

FY2017: Diluted shares 82.7MFY2018: Diluted shares 82.5MFY2019: Diluted shares 81.7MFY2020: Diluted shares 77.2MFY2021: Diluted shares 73.5MFY2022: Diluted shares 74.3MFY2023: Diluted shares 69.0MFY2024: Diluted shares 66.5MFY2025: Diluted shares 64.0MFY2026: Diluted shares 62.3M
FY2017FY2026

Return on invested capital

46.8%

FY2026

FY2017: ROIC –FY2018: ROIC 8.1%FY2019: ROIC 20.9%FY2020: ROIC –FY2021: ROIC –FY2022: ROIC 40.3%FY2023: ROIC 26.6%FY2024: ROIC 34.8%FY2025: ROIC 44.2%FY2026: ROIC 46.8%
FY2017FY2026

Net cash

$826.1M

$826.1M more cash than debt

FY2017: Net cash $764.8MFY2018: Net cash $1.4BFY2019: Net cash $1.3BFY2020: Net cash $945.3MFY2021: Net cash $1.1BFY2022: Net cash $962.1MFY2023: Net cash $427.2MFY2024: Net cash $642.7MFY2025: Net cash $940.4MFY2026: Net cash $826.1M
FY2017FY2026

Every figure, year by year

Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
The business
Revenue$6.7B$6.2B$6.3B$6.2B$4.4B$6.2B$6.4B$6.6B$7.1B$8.1B
Revenue growth-10.2%-7.1%2.1%-2.4%-28.6%41.3%3.6%2.9%6.7%14.6%
Gross margin54.9%60.7%61.6%59.3%65.0%66.7%64.7%66.8%68.6%69.9%
Operating margin-1.4%8.1%8.9%5.1%-1.0%12.8%10.9%11.4%13.2%14.5%
Net income-$99.3M$162.8M$430.9M$384.3M-$121.1M$600.1M$522.7M$646.3M$742.9M$941.1M
Net margin-1.5%2.6%6.8%6.2%-2.8%9.7%8.1%9.7%10.5%11.6%
Diluted EPS$-1.20$1.97$5.27$4.98$-1.65$8.07$7.58$9.71$11.61$15.11
Return on invested capital?–8.1%20.9%––40.3%26.6%34.8%44.2%46.8%
Cash
Operating cash flow$952.6M$975.1M$783.8M$754.6M$380.9M$715.9M$411.0M$1.1B$1.2B$1.2B
Capital expenditure$284.0M$161.6M$197.7M$270.3M$107.8M$166.9M$217.5M$164.8M$216.2M–
Free cash flow$668.6M$813.5M$586.1M$484.3M$273.1M$549.0M$193.5M$904.9M$1.0B–
Stock-based compensation$63.6M$74.5M$88.6M$100.6M$72.7M$81.7M$75.5M$99.5M$107.9M$111.0M
Owner earnings?$605.0M$739.0M$497.5M$383.7M$200.4M$467.3M$118.0M$805.4M$911.0M–
Free cash flow per share$8.08$9.86$7.17$6.27$3.72$7.39$2.80$13.61$15.92–
Capital allocation
Dividends paid$164.8M$162.4M$190.7M$203.9M$49.8M$150.0M$198.3M$194.6M$201.1M$216.5M
Share repurchases$215.2M$17.1M$502.6M$694.8M$37.7M$492.6M$488.6M$449.7M$480.9M$623.8M
Diluted shares82.7M82.5M81.7M77.2M73.5M74.3M69.0M66.5M64.0M62.3M
Share count change?-3.7%-0.2%-1.0%-5.5%-4.8%1.1%-7.1%-3.6%-3.8%-2.7%
Balance sheet
Cash and equivalents$668.3M$1.3B$584.1M$1.6B$2.6B$1.9B$1.5B$1.7B$1.9B$2.0B
Short-term investments$684.7M$699.4M$1.4B$495.9M$197.5M$734.6M$36.4M$121.0M$160.5M$77.0M
Total debt$588.2M$596.2M$689.1M$1.2B$1.6B$1.6B$1.1B$1.1B$1.1B$1.2B
Net debt-$764.8M-$1.4B-$1.3B-$945.3M-$1.1B-$962.1M-$427.2M-$642.7M-$940.4M-$826.1M
Shareholders' equity$3.3B$3.5B$3.3B$2.7B$2.6B$2.5B$2.4B$2.5B$2.6B$2.8B

Latest filings

All on EDGAR
2026-08-0610-QQuarterly report
2026-08-068-KEarnings release
2026-06-18DEF 14AProxy statement
2026-05-2110-KAnnual report
2026-05-218-KEarnings release
2026-02-0510-QQuarterly report
2026-02-058-KEarnings release
2025-11-0610-QQuarterly report
2025-11-068-KEarnings release
2025-08-0710-QQuarterly report

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