Capri Holdings vs Carter's
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The short version
- Capri Holdings is the larger business, with $3.5B of revenue in fiscal 2026 against $2.9B for Carter's.
- Carter's grew revenue faster (1.9%, against −4.1%).
- Carter's kept more of each dollar of sales as operating profit (5.0% operating margin, against 0.7%).
- Carter's turned more of its sales into free cash flow (2.4% FCF margin, against 0.4%).
- Carter's earned a higher return on the capital invested in it (11.9%, against 1.6%).
- Investors pay more for each dollar of Capri Holdings’s earnings: a P/E of 12.2x against 6.1x for Carter's.
| Latest fiscal year | CPRI · FY26 | CRI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.8B | $1.2B |
| Revenue | $3.5B | $2.9B |
| Free cash flow | $14.0M | $68.6M |
| Net income | $137M | $91.8M |
| Growth | ||
| Revenue growth | −4.1% | 1.9% |
| 5-year growth | −3.1% | −0.9% |
| Share count change | 1.4% | −0.3% |
| Profitability | ||
| Gross margin | 62.3% | 45.4% |
| Operating margin | 0.7% | 5.0% |
| Net margin | 3.9% | 3.2% |
| FCF margin | 0.4% | 2.4% |
| Return on capital | 1.6% | 11.9% |
| Return on equity | 61.2% | 10.3% |
| Balance sheet | ||
| Net debt | $236M | $80.1M |
| Net debt / EBITDA | 1.6x | 0.4x |
| Dividends and buybacks | $81.0M | $56.4M |
| Valuation & quality | ||
| P/E | 12.2x | 6.1x |
| Piotroski F-score | 7 | 5 |
Revenue
FY17
CPRI $4.5B
CRI $3.4B
FY18
CPRI $4.7B
CRI $3.5B
FY19
CPRI $5.2B
CRI $3.5B
FY20
CPRI $5.6B
CRI $3.0B
FY21
CPRI $4.1B
CRI $3.5B
FY22
CPRI $5.7B
CRI $3.2B
FY23
CPRI $5.6B
CRI $2.9B
FY24
CPRI $4.1B
CRI $2.8B
FY25
CPRI $3.6B
CRI $2.9B
FY26
CPRI $3.5B
CRI —
CPRI
CRI
Operating margin
FY17
CPRI 15.4%
CRI 12.3%
FY18
CPRI 15.9%
CRI 11.3%
FY19
CPRI 14.0%
CRI 10.6%
FY20
CPRI −3.5%
CRI 6.3%
FY21
CPRI 0.5%
CRI 14.3%
FY22
CPRI 16.0%
CRI 11.8%
FY23
CPRI 12.1%
CRI 11.0%
FY24
CPRI 1.4%
CRI 9.0%
FY25
CPRI −0.7%
CRI 5.0%
FY26
CPRI 0.7%
CRI —
CPRI
CRI
Free cash flow
FY17
CPRI $870M
CRI $260M
FY18
CPRI $942M
CRI $292M
FY19
CPRI $513M
CRI $326M
FY20
CPRI $636M
CRI $556M
FY21
CPRI $513M
CRI $231M
FY22
CPRI $573M
CRI $48.0M
FY23
CPRI $545M
CRI $469M
FY24
CPRI $174M
CRI $243M
FY25
CPRI $207M
CRI $68.6M
FY26
CPRI $14.0M
CRI —
CPRI
CRI
Return on capital
FY17
CPRI 37.7%
CRI 27.5%
FY18
CPRI 26.1%
CRI 24.0%
FY19
CPRI —
CRI 23.4%
FY20
CPRI —
CRI 14.8%
FY21
CPRI 0.3%
CRI 43.2%
FY22
CPRI 23.7%
CRI 27.7%
FY23
CPRI 18.5%
CRI 22.7%
FY24
CPRI 1.1%
CRI 21.2%
FY25
CPRI −0.8%
CRI 11.9%
FY26
CPRI 1.6%
CRI —
CPRI
CRI
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.