Kontoor Brands vs Warby Parker
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The short version
- Kontoor Brands is the larger business, with $3.2B of revenue in fiscal 2025 against $872M for Warby Parker, about 3.6 times as much.
- Kontoor Brands grew revenue faster (20.9%, against 13.0%).
- Kontoor Brands kept more of each dollar of sales as operating profit (10.7% operating margin, against −0.6%).
- Kontoor Brands turned more of its sales into free cash flow (13.8% FCF margin, against 5.0%).
- Kontoor Brands earned a higher return on the capital invested in it (21.2%, against −3.4%).
| Latest fiscal year | KTB · FY25 | WRBY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.2B | $3.3B |
| Revenue | $3.2B | $872M |
| Free cash flow | $435M | $43.7M |
| Net income | $228M | $1.6M |
| Growth | ||
| Revenue growth | 20.9% | 13.0% |
| 5-year growth | 8.5% | 17.2% |
| Share count change | −0.4% | 3.9% |
| Profitability | ||
| Gross margin | 45.2% | 54.0% |
| Operating margin | 10.7% | −0.6% |
| Net margin | 7.2% | 0.2% |
| FCF margin | 13.8% | 5.0% |
| Return on capital | 21.2% | −3.4% |
| Return on equity | 47.1% | 0.5% |
| Balance sheet | ||
| Net debt | $1.0B | −$286M |
| Net debt / EBITDA | 2.7x | −6.4x |
| Dividends and buybacks | $141M | $0.0M |
| Valuation & quality | ||
| P/E | 15.9x | — |
| Piotroski F-score | 6 | 4 |
Revenue
FY17
KTB $2.8B
WRBY —
FY18
KTB $2.8B
WRBY —
FY19
KTB $2.5B
WRBY $371M
FY20
KTB $2.1B
WRBY $394M
FY21
KTB $2.5B
WRBY $541M
FY22
KTB $2.6B
WRBY $598M
FY23
KTB $2.6B
WRBY $670M
FY24
KTB $2.6B
WRBY $771M
FY25
KTB $3.2B
WRBY $872M
KTB
WRBY
Operating margin
FY17
KTB 12.6%
WRBY —
FY18
KTB 12.1%
WRBY —
FY19
KTB 6.6%
WRBY −0.5%
FY20
KTB 5.9%
WRBY −14.1%
FY21
KTB 11.4%
WRBY −26.6%
FY22
KTB 13.6%
WRBY −18.6%
FY23
KTB 12.2%
WRBY −10.8%
FY24
KTB 13.1%
WRBY −3.9%
FY25
KTB 10.7%
WRBY −0.6%
KTB
WRBY
Free cash flow
FY17
KTB $143M
WRBY —
FY18
KTB −$117M
WRBY —
FY19
KTB $755M
WRBY −$11.2M
FY20
KTB $224M
WRBY $12.7M
FY21
KTB $273M
WRBY −$80.5M
FY22
KTB $65.2M
WRBY −$49.8M
FY23
KTB $329M
WRBY $7.3M
FY24
KTB $349M
WRBY $34.7M
FY25
KTB $435M
WRBY $43.7M
KTB
WRBY
Return on capital
FY17
KTB —
WRBY —
FY18
KTB —
WRBY —
FY19
KTB 9.6%
WRBY —
FY20
KTB 14.2%
WRBY —
FY21
KTB 30.1%
WRBY —
FY22
KTB 31.4%
WRBY −163.2%
FY23
KTB 28.1%
WRBY −69.8%
FY24
KTB 32.0%
WRBY −27.9%
FY25
KTB 21.2%
WRBY −3.4%
KTB
WRBY
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.