Skip to content
stoqly

Kohl's

KSS NYSE Broadline Retail Financials FY2016–FY2025

Kohl's revenue fell 4.3% to $15.5 billion in fiscal 2025. Its operating margin was 4.0%, up from 2.7% a year earlier. Free cash flow was $1.0 billion, up 453.9%. It paid out $56 million in dividends and buybacks, 6% of free cash flow. The diluted share count rose 1.8%.

Last close · Oct 23, 2026

$24.58

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$15.5B
4.3% vs prior year
Operating margin Operating income as a share of revenue.
4.0%
1.3 pts
Net income Profit after all expenses, interest and tax.
$272M
149.5%
Free cash flow Cash from operations minus capital spending.
$1.0B
453.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.2%
Market cap Last close times the latest diluted share count, so it is approximate.
$2.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
10.7x
On $2.30 EPS (TTM)

What Kohl's does

No business description yet.

Legal name
KOHL’S CORP
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0001193125-26-115982
0000885639

Revenue and margins

Kohl's had $15.5B of revenue in fiscal 2025, down 4.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew −2.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.0B in fiscal 2025, 6.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Kohl's returned $56.0M to shareholders in fiscal 2025, 6% of free cash flow. The diluted share count rose 1.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Kohl's yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.8B and divides by 114.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 10.7x · peers 25.2x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Kohl's can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.6B$153M$183M$134M$674M
Debt incl. finance leases $3.7B$4.3B—$3.6B$3.4B
Net debt / EBITDA 0.8x4.0x—3.0x2.1x
Debt / equity 0.8x1.2x—1.0x0.9x
Interest coverage 6.8x0.9x2.2x1.4x2.1x
Current ratio 1.5x1.2x1.3x1.1x1.5x
Quick ratio 0.6x0.2x0.2x0.1x0.4x
Total assets $15.1B$14.3B$14.0B$13.6B$13.4B
Total liabilities $10.4B$10.6B$10.1B$9.8B$9.3B
Shareholders' equity $4.7B$3.8B$3.9B$3.8B$4.0B
Net debt (− = net cash) $2.1B$4.2B—$3.5B$2.8B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$1.6M

4 insiders

Of sales under plans

100%

$1.6M

DateInsiderTradeSharesPriceValueFiling
Aug 3, 2026 Christie RaymondSr. EVP, Chief Marketing Off. Sold plan 15,000 $20.00 $0.3M Form 4
Aug 3, 2026 Jennifer J. KentSr. EVP, CLO & Corp. Sec. Sold plan 22,942 $20.00 $0.5M Form 4
Jul 16, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 53 $17.17 $0.0M Form 4
Apr 15, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 351 $13.51 $0.0M Form 4
Apr 6, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 112 $12.98 $0.0M Form 4
Apr 1, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 1,847 $13.01 $0.0M Form 4
Mar 31, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 107 $12.65 $0.0M Form 4
Mar 30, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 606 $12.33 $0.0M Form 4
Mar 26, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 457 $12.50 $0.0M Form 4
Mar 20, 2026 Mari SteinmetzSr. EVP, Chief People Officer Sold plan 1,583 $12.81 $0.0M Form 4
Dec 10, 2025 Jill TimmChief Financial Officer Sold plan 10,000 $24.00 $0.2M Form 4
Dec 4, 2025 Jill TimmChief Financial Officer Sold plan 25,000 $22.75 $0.6M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✕ ✕
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✕
F-score — / 9— / 97 / 9
Accruals ratio −6.0%−3.9%−8.2%
Altman Z'' 1.800.991.64

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Kohl's KSS $2.9B −4.3% 4.0% 6.5% 7.2% 10.7x 7
eBay EBAY $55.2B 8.0% 20.5% 12.9% 26.8% 25.2x 5 Compare →
Macy's M $6.6B −1.7% 4.6% 4.7% 12.9% 8.8x 8 Compare →
Sea Limited SE $47.6B 36.4% 8.7% 19.7% — — 8 Compare →
MercadoLibre MELI $91.8B 39.1% 11.1% 37.3% 35.0% 49.2x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $19.7B $20.1B $20.2B $20.0B $16.0B $19.4B $18.1B $17.5B $16.2B $15.5B
Gross profit $6.7B $6.9B $8.0B $7.8B $5.6B $8.0B $6.6B $7.0B $6.6B $6.3B
Operating income $1.2B $1.4B $1.4B $1.1B −$262M $1.7B $246M $717M $433M $624M
Interest expense $299M $297M $282M $193M $254M $246M $284M $331M $312M $295M
Pretax income $875M $1.1B $1.0B $901M −$546M $1.2B −$58.0M $373M $114M $336M
Income tax $319M $258M $241M $210M −$383M $281M −$39.0M $56.0M $5.0M $64.0M
Net income $556M $859M $801M $691M −$163M $938M −$19.0M $317M $109M $272M
Diluted EPS $3.11 $5.12 $4.84 $4.37 −$1.06 $6.32 −$0.15 $2.85 $0.98 $2.38
Diluted shares 0.18B 0.17B 0.17B 0.16B 0.15B 0.15B 0.12B 0.11B 0.11B 0.11B
Cash flow
Cash from operations $2.2B $1.7B $2.1B $1.7B $1.3B $2.3B $282M $1.2B $648M $1.4B
Capital expenditure $768M $672M $578M $855M $334M $605M $826M $577M $466M $372M
Free cash flow $1.4B $1.0B $1.5B $802M $1.0B $1.7B −$544M $591M $182M $1.0B
Depreciation and amortization $938M $991M $964M $917M $874M $838M $808M $749M $743M $700M
Stock-based compensation $41.0M $55.0M $87.0M $56.0M $40.0M $48.0M $30.0M $42.0M $30.0M $34.0M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $557M $306M $396M $470M $8.0M $1.4B $658M $0.0M $0.0M $0.0M
Dividends paid $358M $368M $400M $423M $108M $147M $239M $220M $222M $56.0M
Dividends and buybacks $915M $674M $796M $893M $116M $1.5B $897M $220M $222M $56.0M
Balance sheet
Cash and short-term investments $1.1B $1.3B $934M $723M $2.3B $1.6B $153M $183M $134M $674M
Total debt $2.9B $2.9B $2.0B $1.9B $2.5B $1.9B $1.9B — $1.5B $1.4B
Finance lease liabilities $0.0M $0.0M $0.0M $965M $1.0B $1.8B $2.4B $2.3B $2.1B $2.0B
Current assets $5.2B $5.4B $4.8B $4.6B $5.8B $5.0B $3.7B $3.4B $3.4B $3.7B
Current liabilities $3.0B $2.7B $2.7B $2.8B $3.0B $3.3B $3.1B $2.6B $3.1B $2.5B
Inventory $3.8B $3.5B $3.5B $3.5B $2.6B $3.1B $3.2B $2.9B $2.9B $2.7B
Property and equipment, net $8.1B $7.8B $7.4B $7.4B $6.7B $7.3B $7.9B $7.7B $7.3B $6.9B
Total assets $13.6B $13.4B $12.5B $14.6B $15.3B $15.1B $14.3B $14.0B $13.6B $13.4B
Total liabilities $8.4B $8.0B $6.9B $9.1B $10.1B $10.4B $10.6B $10.1B $9.8B $9.3B
Shareholders' equity $5.2B $5.4B $5.5B $5.5B $5.2B $4.7B $3.8B $3.9B $3.8B $4.0B
Margins
Gross margin 34.3% 34.5% 39.7% 39.2% 35.1% 41.2% 36.7% 39.9% 40.4% 40.6%
Operating margin 6.0% 7.1% 6.7% 5.5% −1.6% 8.7% 1.4% 4.1% 2.7% 4.0%
EBITDA margin 10.8% 12.0% 11.5% 10.1% 3.8% 13.0% 5.8% 8.4% 7.3% 8.5%
Net margin 2.8% 4.3% 4.0% 3.5% −1.0% 4.8% −0.1% 1.8% 0.7% 1.8%
FCF margin 7.0% 5.1% 7.6% 4.0% 6.3% 8.6% −3.0% 3.4% 1.1% 6.5%
Returns
Return on capital 10.2% 15.5% 15.4% 11.9% −3.0% 19.7% 2.6% — — 7.2%
Return on capital employed 11.0% 13.3% 13.3% 10.2% −2.2% 14.0% 2.1% 6.3% 4.0% 5.9%
Return on equity 10.4% 16.2% 14.6% 12.6% −3.1% 19.0% −0.5% 8.3% 2.8% 6.9%
Return on assets 4.1% 6.4% 6.2% 5.1% −1.1% 6.2% −0.1% 2.2% 0.8% 2.0%
Growth
Revenue growth 2.5% 2.1% 0.7% −1.3% −20.1% 21.8% −6.9% −3.4% −7.2% −4.3%
Net income growth −17.4% 54.5% −6.8% −13.7% −123.6% — −102.0% — −65.6% 149.5%
EPS growth −10.1% 64.6% −5.5% −9.7% −124.3% — −102.4% — −65.6% 142.9%
FCF growth 74.4% −26.4% 50.1% −47.6% 25.2% 65.9% −132.7% — −69.2% 453.9%
Share count change −8.2% −6.2% −1.8% −4.2% −2.5% −3.9% −18.9% −7.5% 0.9% 1.8%
Financial health
Net debt / EBITDA 0.9x 0.7x 0.5x 1.0x 1.9x 0.8x 4.0x — 3.0x 2.1x
Debt / equity 0.6x 0.5x 0.4x 0.5x 0.7x 0.8x 1.2x — 1.0x 0.9x
Interest coverage 4.0x 4.8x 4.8x 5.7x −1.0x 6.8x 0.9x 2.2x 1.4x 2.1x
Current ratio 1.8x 2.0x 1.8x 1.7x 1.9x 1.5x 1.2x 1.3x 1.1x 1.5x
Quick ratio 0.5x 0.7x 0.5x 0.4x 1.1x 0.6x 0.2x 0.2x 0.1x 0.4x
Capital allocation
Capex / revenue 3.9% 3.4% 2.9% 4.3% 2.1% 3.1% 4.6% 3.3% 2.9% 2.4%
Stock comp / revenue 0.2% 0.3% 0.4% 0.3% 0.3% 0.3% 0.2% 0.2% 0.2% 0.2%
Payouts / FCF 66.1% 66.1% 52.1% 111.4% 11.6% 90.2% — 37.2% 122.0% 5.6%
Quality scores
Piotroski F-score 5.0 8.0 7.0 6.0 4.0 8.0 3.0 — — 7.0
Altman Z'' 5.3 5.9 6.2 5.1 4.5 5.1 4.0 1.8 1.0 1.6
Accruals ratio −11.8% −6.2% −10.1% −7.2% −10.0% −8.8% −2.1% −6.0% −3.9% −8.2%

Source: SEC EDGAR XBRL filings (CIK 0000885639). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open