RLRALPH LAUREN CORP
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
- Revenue
- $8.1B
- 15% YoY
- Operating margin
- 14.5%
- 10% YoY
- EBITDA
- $1.4B
- 23% YoY
- Market cap
- $24.1B
- Employees
- 23,600
- $344K revenue each
- Net debt / EBITDA
- -0.3×
- −$480M net debt
- AI in 10-K
- 4.5
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$19M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo123% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo73% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo12% of assetsOver 40% of assets
- Shareholder dissentYes66% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$344K per employeeBottom quartile of its SIC industry
- Quiet on AINo4.5 per 10K words · 81st pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.3× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$24.1B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$124M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.2B | $6.4B | $6.6B | $7.1B | $8.1B | 15% |
| Operating income | $798M | $704M | $756M | $932M | $1.2B | 27% |
| Net income | $600M | $523M | $646M | $743M | $941M | 27% |
| Operating cash flow | $716M | $411M | $1.1B | $1.2B | $1.2B | 6.6% |
| Capex | $167M | $218M | $165M | $216M | — | |
| Stock-based comp | $82M | $76M | $100M | $108M | $111M | 2.9% |
| Buybacks | $493M | $489M | $450M | $481M | $624M | 30% |
| Dividends | $150M | $198M | $195M | $201M | $217M | 7.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $124M · 21
- Net
- −$124M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $23M | $63M | 298 | 59 |
| FY2025 | $23M | $40M | 348 | 114 |
| FY2024 | $17M | $42M | 298 | 134 |
| FY2023 | $14M | $14M | 181 | 138 |
| FY2022 | $19M | $18M | 169 | 176 |