Tapestry
TPR · Apparel, Accessories & Luxury Goods
$110.37
3.1%VF
VFC · Apparel, Accessories & Luxury Goods
$17.26
1.3%The short version
- VF is the larger business, with $9.6B of revenue in fiscal 2026 against $8.0B for Tapestry.
- Tapestry grew revenue faster (14.2%, against 1.1%).
- Tapestry kept more of each dollar of sales as operating profit (23.9% operating margin, against 6.0% operating margin).
- Tapestry turned more of its sales into free cash flow (22.6% FCF margin, against 5.8% FCF margin).
- Tapestry earned a higher return on the capital invested in it (77.9%, against 9.0%).
- Investors pay more for each dollar of VF’s earnings: a P/E of 27.0x against 15.2x for Tapestry.
| Latest fiscal year | TPR · FY26 | VFC · FY26 |
|---|---|---|
| Size | ||
| Market cap | $23.2B | $6.8B |
| Revenue | $8.0B | $9.6B |
| Free cash flow | $1.8B | $557M |
| Net income | $1.5B | $255M |
| Growth | ||
| Revenue growth | 14.2% | 1.1% |
| 5-year growth | 6.9% | 0.8% |
| Share count change | −5.5% | 0.8% |
| Profitability | ||
| Gross margin | 77.8% | 54.8% |
| Operating margin | 23.9% | 6.0% |
| Net margin | 19.1% | 2.7% |
| FCF margin | 22.6% | 5.8% |
| Return on capital | 77.9% | 9.0% |
| Return on equity | 197.1% | 15.3% |
| Balance sheet | ||
| Net debt | $1.2B | $2.7B |
| Net debt / EBITDA | 0.6x | 3.2x |
| Dividends and buybacks | $1.9B | $141M |
| Valuation & quality | ||
| P/E | 15.2x | 27.0x |
| Piotroski F-score | 7 | 7 |
FY17
TPR $4.5B
VFC $8.4B
FY18
TPR $5.9B
VFC —
FY19
TPR $6.0B
VFC $10.3B
FY20
TPR $5.0B
VFC $10.5B
FY21
TPR $5.7B
VFC $9.2B
FY22
TPR $6.7B
VFC $11.8B
FY23
TPR $6.7B
VFC $11.1B
FY24
TPR $6.7B
VFC $9.9B
FY25
TPR $7.0B
VFC $9.5B
FY26
TPR $8.0B
VFC $9.6B
TPR
VFC
FY17
TPR 17.5%
VFC 10.5%
FY18
TPR 11.4%
VFC —
FY19
TPR 13.6%
VFC 11.6%
FY20
TPR −11.1%
VFC 8.9%
FY21
TPR 16.9%
VFC 6.6%
FY22
TPR 17.6%
VFC 13.8%
FY23
TPR 17.6%
VFC 9.0%
FY24
TPR 17.1%
VFC −1.5%
FY25
TPR 5.9%
VFC 3.2%
FY26
TPR 23.9%
VFC 6.0%
TPR
VFC
FY17
TPR $571M
VFC $1.3B
FY18
TPR $730M
VFC —
FY19
TPR $518M
VFC $1.4B
FY20
TPR $202M
VFC $586M
FY21
TPR $1.2B
VFC $1.1B
FY22
TPR $759M
VFC $619M
FY23
TPR $791M
VFC −$808M
FY24
TPR $1.1B
VFC $879M
FY25
TPR $1.1B
VFC $379M
FY26
TPR $1.8B
VFC $557M
TPR
VFC
FY17
TPR 32.9%
VFC 7.3%
FY18
TPR 17.6%
VFC —
FY19
TPR 18.4%
VFC —
FY20
TPR −13.8%
VFC 12.8%
FY21
TPR 34.1%
VFC 7.2%
FY22
TPR 33.0%
VFC 17.3%
FY23
TPR 31.1%
VFC 12.2%
FY24
TPR 31.7%
VFC −1.5%
FY25
TPR 14.8%
VFC 2.5%
FY26
TPR 77.9%
VFC 9.0%
TPR
VFC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.