Tapestry, Inc. (TPR) Stock Analysis
Consumer Cyclical · Luxury Goods · NYSE
Tapestry, Inc. (TPR) posted $7.01B in revenue for fiscal 2025 (up 5.1% year over year), at a 2.6% net margin, and has compounded revenue about 7.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Tapestry, Inc.
Tapestry, Inc. has grown revenue from $4.49B to $7.01B over the last 10 fiscal years, compounding about 7.2% a year. The most recent year was up 5.1%, so growth has cooled from its longer-run pace.
Net margin sits at 2.6%, down 9.6 points year over year on a 75.4% gross margin. It carries about $2.38B of total debt.
At today's valuation the market is pricing in roughly 12.4% annual free-cash-flow growth — versus the 40.2% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Tapestry, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Tapestry, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B | $4.49B | $5.88B | $6.03B | $4.96B | $5.75B | $6.68B | $6.66B | $6.67B | $7.01B |
| Gross profit | $3.05B | $3.08B | $3.85B | $4.05B | $3.24B | $4.08B | $4.65B | $4.71B | $4.89B | $5.29B |
| Net income | $460.50M | $591.00M | $397.50M | $643.40M | $-652.10M | $834.20M | $856.30M | $936.00M | $816.00M | $183.20M |
| Net margin | 10.3% | 13.2% | 6.8% | 10.7% | -13.1% | 14.5% | 12.8% | 14.1% | 12.2% | 2.6% |
Source: Tapestry, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Tapestry, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 12.8% to 2.6% over ~3 years — profitability is compressing.
What growth is priced into TPR stock?
At today's market cap of $30.79B, Tapestry, Inc. is priced for free-cash-flow growth of about 12.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.09B from the FY ending 2025-06-30). For comparison, free cash flow actually grew 40.2%/yr over the last five fiscal years and revenue 7.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Tapestry, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Tapestry, Inc. financial history by metric
Compare Tapestry, Inc. with peers
About Tapestry, Inc.
Tapestry, Inc. provides accessories and lifestyle brand products in North America, Greater China, rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags, fashion designs, business cases, computer bags, messenger style bags, backpacks, travel bags, and totes; and accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories, including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, technology accessories, gifting, straps, and charms. The company also provides women's and men's footwear, which casual and dress shoes, boots, sneakers, and sandals; and other products which includes outerwear, ready-to-wear, jewelry, watches, eyewear, fragrance, scarves, hats, gloves, and other products. It offers its products through retail and outlet stores, brand e-commerce sites, and concession shop-in-shops under the Coach, Kate Spade, and Stuart Weitzman brand names. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.
Tapestry, Inc. — frequently asked questions
What is Tapestry, Inc.'s revenue?
Tapestry, Inc. (TPR) reported revenue of $7.01B for fiscal year 2025, up 5.1% from the prior year, according to its SEC filings.
Is Tapestry, Inc. profitable?
Yes. TPR earned net income of $183.20M in fiscal 2025, a net margin of 2.6%.
What is TPR's P/E ratio?
Tapestry, Inc. trades at a price-to-earnings ratio of about 46.5 based on the latest data in our nightly-refreshed cache.
How fast is Tapestry, Inc. growing?
TPR's revenue grew at roughly 7.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Tapestry, Inc. have?
As of fiscal year 2025, TPR carried roughly $2.38B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Tapestry, Inc.'s gross margin?
TPR's gross margin was 75.4% in fiscal 2025 — gross profit of $5.29B on revenue of $7.01B.
What is Tapestry, Inc.'s market cap?
Tapestry, Inc. (TPR) has a market capitalization of about $30.79B, based on the latest data in our nightly-refreshed cache.
When does Tapestry, Inc.'s fiscal year end?
TPR's fiscal year ends in June. Its most recent annual filing covers the fiscal year ending 2025-06-30.
What growth is priced into TPR stock?
At today's market cap of $30.79B, Tapestry, Inc. is priced for free-cash-flow growth of about 12.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.09B from the FY ending 2025-06-30). For comparison, free cash flow actually grew 40.2%/yr over the last five fiscal years and revenue 7.2%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Tapestry, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.