Ralph Lauren
RL · NYSEMen's & Boys' Furnishgs, Work Clothg, & Allied Garments · Fiscal year ends Mar 28
Ralph Lauren reported revenue of $8.1B in the fiscal year ended Mar 2026, up 14.6% from the year before. Operating income was $1.2B, an operating margin of 14.5%, and net income was $941M. It held more cash than debt (net cash $749M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.4B | $6.6B | $7.1B | $8.1B |
| Cost of revenue | $2.1B | $2.3B | $2.2B | $2.2B | $2.4B |
| Gross profit | $4.1B | $4.2B | $4.4B | $4.9B | $5.7B |
| Selling, general & admin | $3.3B | $3.4B | $3.6B | $3.9B | $4.4B |
| Operating income | $798M | $704M | $756M | $932M | $1.2B |
| Interest expense | $54M | $40M | $42M | $44M | $54M |
| Pre-tax income | $755M | $692M | $777M | $951M | $1.2B |
| Income tax | $155M | $169M | $131M | $208M | $237M |
| Net income | $600M | $523M | $646M | $743M | $941M |
| Diluted EPS | 8.07 | 7.58 | 9.71 | 11.61 | 15.11 |
| Diluted shares | 74M | 69M | 67M | 64M | 62M |
Balance sheet
| Fiscal year | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.9B | $1.5B | $1.7B | $1.9B | $2B |
| Receivables | $405M | $448M | $447M | $460M | $492M |
| Inventory | $977M | $1.1B | $902M | $950M | $1B |
| Current assets | $4.2B | $3.3B | $3.4B | $3.8B | $3.9B |
| Net PP&E | $970M | $956M | $850M | $846M | $1.1B |
| Goodwill | $909M | $899M | $888M | $889M | $904M |
| Total assets | $7.7B | $6.8B | $6.6B | $7B | $7.7B |
| Payables | $449M | $372M | $332M | $436M | $431M |
| Deferred revenue | $17M | $14M | $17M | $17M | $22M |
| Current liabilities | $2.3B | $1.5B | $1.5B | $2.1B | $1.8B |
| Short-term debt | $500M | $0 | $0 | $400M | $0 |
| Long-term debt | $1.1B | $1.1B | $1.1B | $743M | $1.2B |
| Total liabilities | $5.2B | $4.4B | $4.2B | $4.5B | $4.9B |
| Shareholders' equity | $2.5B | $2.4B | $2.5B | $2.6B | $2.8B |
Cash flow
| Fiscal year | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $716M | $411M | $1.1B | $1.2B | $1.2B |
| Capital expenditure | $167M | $218M | $165M | $216M | – |
| Free cash flow | $549M | $194M | $905M | $1B | – |
| Depreciation & amortisation | $230M | $221M | $229M | $220M | $233M |
| Stock-based compensation | $82M | $76M | $100M | $108M | $111M |
| Share buybacks | $493M | $489M | $450M | $481M | $624M |
| Dividends paid | $150M | $198M | $195M | $201M | $217M |
| Dividend per share | 2.75 | 3.00 | 3.00 | 3.30 | 3.65 |
Key ratios
| Fiscal year | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 3.6% | 2.9% | 6.7% | 14.6% |
| Operating income growth (YoY) | – | −11.8% | 7.4% | 23.2% | 26.5% |
| EPS growth (YoY) | – | −6.1% | 28.1% | 19.6% | 30.1% |
| Gross margin | 66.7% | 64.7% | 66.8% | 68.6% | 69.9% |
| Operating margin | 12.8% | 10.9% | 11.4% | 13.2% | 14.5% |
| Net margin | 9.7% | 8.1% | 9.7% | 10.5% | 11.6% |
| Return on equityBlank when equity is negative | 23.7% | 21.5% | 26.4% | 28.7% | 33.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.6% | 13.3% | 14.7% | 19.0% | 19.9% |
| Free cash flow margin | 8.8% | 3.0% | 13.6% | 14.4% | – |
| Cash conversion (CFO ÷ net income) | 1.19x | 0.79x | 1.66x | 1.66x | 1.23x |
| Receivable days | 24 | 25 | 25 | 24 | 22 |
| Inventory days | 172 | 172 | 150 | 156 | 151 |
| Payable days | 79 | 60 | 55 | 71 | 64 |
| Interest cover | 14.8x | 17.4x | 17.9x | 21.1x | 21.8x |
| Debt ÷ equity | 0.65x | 0.47x | 0.47x | 0.44x | 0.44x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$228M | −$391M | −$522M | −$780M | −$749M |
| Current ratio | 1.87x | 2.23x | 2.29x | 1.78x | 2.13x |
Recent filings
More in Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.