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Stocks · Consumer discretionary · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Ralph Lauren Corporation

RL Clue Score65
United States Fiscal year ends March CIK 0001037038
$371.28 +1.06% Close, 9 Oct 2026
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Price $371.28 +233.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue6,652.8Operating income−92.3Net income−99.3EPS, diluted−1.20Fiscal year 2018Revenue6,182.3 −7.1%Operating income498.2Net income162.8EPS, diluted1.97Fiscal year 2019Revenue6,313.0 +2.1%Operating income561.8Net income430.9 +164.7%EPS, diluted5.27 +167.5%Fiscal year 2020Revenue6,159.8 −2.4%Operating income317.0Net income384.3 −10.8%EPS, diluted4.98 −5.5%Fiscal year 2021Revenue4,400.8 −28.6%Operating income−43.6Net income−121.1 −131.5%EPS, diluted−1.65 −133.1%Fiscal year 2022Revenue6,218.5 +41.3%Operating income798.4Net income600.1EPS, diluted8.07Fiscal year 2023Revenue6,443.6 +3.6%Operating income704.2Net income522.7 −12.9%EPS, diluted7.58 −6.1%Fiscal year 2024Revenue6,631.4 +2.9%Operating income756.4Net income646.3 +23.6%EPS, diluted9.71 +28.1%Fiscal year 2025Revenue7,079.0 +6.7%Operating income932.1Net income742.9 +14.9%EPS, diluted11.61 +19.6%Fiscal year 2026Revenue8,114.5 +14.6%Operating income1,179.2Net income941.1 +26.7%EPS, diluted15.11 +30.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 6,652.8 6,182.3 6,313.0 6,159.8 4,400.8 6,218.5 6,443.6 6,631.4 7,079.0 8,114.5
Growth −7.1% +2.1% −2.4% −28.6% +41.3% +3.6% +2.9% +6.7% +14.6%
Operating income −92.3 498.2 561.8 317.0 −43.6 798.4 704.2 756.4 932.1 1,179.2
Net income −99.3 162.8 430.9 384.3 −121.1 600.1 522.7 646.3 742.9 941.1
Growth +164.7% −10.8% −131.5% −12.9% +23.6% +14.9% +26.7%
EPS, diluted −1.20 1.97 5.27 4.98 −1.65 8.07 7.58 9.71 11.61 15.11
Growth +167.5% −5.5% −133.1% −6.1% +28.1% +19.6% +30.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin54.9%Operating margin−1.4%Net margin−1.5%Free cash flow margin10.0%Fiscal year 2018Gross margin60.7%Operating margin8.1%Net margin2.6%Free cash flow margin13.2%Fiscal year 2019Gross margin61.6%Operating margin8.9%Net margin6.8%Free cash flow margin9.3%Fiscal year 2020Gross margin59.3%Operating margin5.1%Net margin6.2%Free cash flow margin7.9%Fiscal year 2021Gross margin65.0%Operating margin−1.0%Net margin−2.8%Free cash flow margin6.2%Fiscal year 2022Gross margin66.7%Operating margin12.8%Net margin9.7%Free cash flow margin8.8%Fiscal year 2023Gross margin64.7%Operating margin10.9%Net margin8.1%Free cash flow margin3.0%Fiscal year 2024Gross margin66.8%Operating margin11.4%Net margin9.7%Free cash flow margin13.6%Fiscal year 2025Gross margin68.6%Operating margin13.2%Net margin10.5%Free cash flow margin14.4%Fiscal year 2026Gross margin69.9%Operating margin14.5%Net margin11.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 54.9% 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 margin −1.5% 2.6% 6.8% 6.2% −2.8% 9.7% 8.1% 9.7% 10.5% 11.6%
Free cash flow margin 10.0% 13.2% 9.3% 7.9% 6.2% 8.8% 3.0% 13.6% 14.4% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow952.6Capital expenditure−284.0Free cash flow668.6Buybacks−215.2Dividends paid−164.8Fiscal year 2018Operating cash flow975.1Capital expenditure−161.6Free cash flow813.5 +21.7%Buybacks−17.1Dividends paid−162.4Fiscal year 2019Operating cash flow783.8Capital expenditure−197.7Free cash flow586.1 −28.0%Buybacks−502.6Dividends paid−190.7Fiscal year 2020Operating cash flow754.6Capital expenditure−270.3Free cash flow484.3 −17.4%Buybacks−694.8Dividends paid−203.9Fiscal year 2021Operating cash flow380.9Capital expenditure−107.8Free cash flow273.1 −43.6%Buybacks−37.7Dividends paid−49.8Fiscal year 2022Operating cash flow715.9Capital expenditure−166.9Free cash flow549.0 +101.0%Buybacks−492.6Dividends paid−150.0Fiscal year 2023Operating cash flow411.0Capital expenditure−217.5Free cash flow193.5 −64.8%Buybacks−488.6Dividends paid−198.3Fiscal year 2024Operating cash flow1,069.7Capital expenditure−164.8Free cash flow904.9 +367.6%Buybacks−449.7Dividends paid−194.6Fiscal year 2025Operating cash flow1,235.1Capital expenditure−216.2Free cash flow1,018.9 +12.6%Buybacks−480.9Dividends paid−201.1Fiscal year 2026Operating cash flow1,154.2Buybacks−623.8Dividends paid−216.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 952.6 975.1 783.8 754.6 380.9 715.9 411.0 1,069.7 1,235.1 1,154.2
Capital expenditure −284.0 −161.6 −197.7 −270.3 −107.8 −166.9 −217.5 −164.8 −216.2 n/a
Free cash flow 668.6 813.5 586.1 484.3 273.1 549.0 193.5 904.9 1,018.9 n/a
Growth +21.7% −28.0% −17.4% −43.6% +101.0% −64.8% +367.6% +12.6%
Buybacks −215.2 −17.1 −502.6 −694.8 −37.7 −492.6 −488.6 −449.7 −480.9 −623.8
Dividends paid −164.8 −162.4 −190.7 −203.9 −49.8 −150.0 −198.3 −194.6 −201.1 −216.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash668.3Total debt588.2Net cash (debt)80.1Shareholders’ equity3,299.6Debt to equity0.18Fiscal year 2018Cash1,304.6Total debt586.1Net cash (debt)718.5Shareholders’ equity3,457.4Debt to equity0.17Fiscal year 2019Cash584.1Total debt689.1Net cash (debt)−105.0Shareholders’ equity3,287.2Debt to equity0.21Fiscal year 2020Cash1,620.4Total debt696.0Net cash (debt)924.4Shareholders’ equity2,693.1Debt to equity0.26Fiscal year 2021Cash2,579.0Total debt1,632.9Net cash (debt)946.1Shareholders’ equity2,604.4Debt to equity0.63Fiscal year 2022Cash1,863.8Total debt1,636.3Net cash (debt)227.5Shareholders’ equity2,536.0Debt to equity0.65Fiscal year 2023Cash1,529.3Total debt1,138.5Net cash (debt)390.8Shareholders’ equity2,430.5Debt to equity0.47Fiscal year 2024Cash1,662.2Total debt1,140.5Net cash (debt)521.7Shareholders’ equity2,450.3Debt to equity0.47Fiscal year 2025Cash1,922.5Total debt1,142.6Net cash (debt)779.9Shareholders’ equity2,588.5Debt to equity0.44Fiscal year 2026Cash1,988.0Total debt1,238.9Net cash (debt)749.1Shareholders’ equity2,841.4Debt to equity0.44
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 668.3 1,304.6 584.1 1,620.4 2,579.0 1,863.8 1,529.3 1,662.2 1,922.5 1,988.0
Total debt 588.2 586.1 689.1 696.0 1,632.9 1,636.3 1,138.5 1,140.5 1,142.6 1,238.9
Net cash (debt) 80.1 718.5 −105.0 924.4 946.1 227.5 390.8 521.7 779.9 749.1
Shareholders’ equity 3,299.6 3,457.4 3,287.2 2,693.1 2,604.4 2,536.0 2,430.5 2,450.3 2,588.5 2,841.4
Debt to equity 0.18 0.17 0.21 0.26 0.63 0.65 0.47 0.47 0.44 0.44

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Apr 2017 FY2018 31 Mar 2018 FY2019 30 Mar 2019 FY2020 28 Mar 2020 FY2021 27 Mar 2021 FY2022 2 Apr 2022 FY2023 1 Apr 2023 FY2024 30 Mar 2024 FY2025 29 Mar 2025 FY2026 28 Mar 2026
Revenue and profit
6,652.8 6,182.3 6,313.0 6,159.8 4,400.8 6,218.5 6,443.6 6,631.4 7,079.0 8,114.5
Growth −7.1% +2.1% −2.4% −28.6% +41.3% +3.6% +2.9% +6.7% +14.6%
3,001.7 2,430.6 2,427.0 2,506.5 1,539.4 2,071.0 2,277.8 2,199.6 2,226.1 2,445.3
3,651.1 3,751.7 3,886.0 3,653.3 2,861.4 4,147.5 4,165.8 4,431.8 4,852.9 5,669.2
Growth +2.8% +3.6% −6.0% −21.7% +44.9% +0.4% +6.4% +9.5% +16.8%
3,171.0 3,095.5 3,168.3 3,237.5 2,638.5 3,305.6 3,408.9 3,600.5 3,863.0 4,371.9
−92.3 498.2 561.8 317.0 −43.6 798.4 704.2 756.4 932.1 1,179.2
Growth +12.8% −43.6% −113.8% −11.8% +7.4% +23.2% +26.5%
−104.9 489.2 582.5 326.4 −74.8 754.6 691.9 777.4 950.7 1,177.7
−5.6 326.4 151.6 −57.9 46.3 154.5 169.2 131.1 207.8 236.6
−99.3 162.8 430.9 384.3 −121.1 600.1 522.7 646.3 742.9 941.1
Growth +164.7% −10.8% −131.5% −12.9% +23.6% +14.9% +26.7%
Per share
−1.20 1.99 5.35 5.07 −1.65 8.22 7.72 9.91 11.86 15.42
−1.20 1.97 5.27 4.98 −1.65 8.07 7.58 9.71 11.61 15.11
Growth +167.5% −5.5% −133.1% −6.1% +28.1% +19.6% +30.1%
82.7 81.7 80.6 75.8 73.5 73.0 67.7 65.2 62.6 61.0
82.7 82.5 81.7 77.2 73.5 74.3 69.0 66.5 64.0 62.3
Growth −0.2% −1.0% −5.5% −4.8% +1.1% −7.1% −3.6% −3.8% −2.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.0% a year over five years.
  • The diluted share count fell 15.2% in five years, so buybacks did some of the work per share.
  • Operating margin is up 15.5 points on five years ago, at 14.5%.
  • A net loss in 2 of 10 years on file.