Tapestry, Inc. (TPR)财务
NYSE · Consumer Cyclical · Luxury Goods · 员工19,000人 · CEO Joanne C. Crevoiserat
- 股价
- $134.17 +7.07%
- 市值
- $266亿
- 企业价值
- $303亿
- 最近财报
- Q1 '27 2026-11-05提交
- 下次财报
- 2027-02-04 EPS预期 $3.02
营收(TTM)$81.9亿+13.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)24.5%+17.7 百分点 对比去年同期营业利润 $20.1亿
净利润(TTM)$16.1亿+494.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$18.8亿+74.2% 对比去年同期资本支出 $1.82亿
稀释EPS(TTM)$7.75+592.0% 对比去年同期最近4个季度之和
净现金-$34.5亿+0.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $266亿 EV $303亿
- 营收
- $81.9亿 过去12个月
- 营收增速
- +7% FY2027年一致预期
- 净利润率
- 19.7% 净利润 / 营收,TTM
- P/E
- 16.8× 预期 16.8×(FY2027)
- P/S
- 3.2× 股价 / 营收,TTM
- EV / EBITDA
- 13.7× TTM
- 自由现金流
- $18.8亿 过去12个月
- 净利润
- $16.1亿 过去12个月
- 营收预期
- $85.4亿 FY2027年一致预期
- 盈利
- 2027-02-04 营收预期 $26.5亿
- 股息
- $1.66 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-11-05):营收超预期2.5%,EPS 超预期16.7%营收$18.9亿,预期$18.5亿(+2.5%);EPS $1.82,预期$1.56(+16.7%)。
- 营收增长放缓:同比11.1%Q1 '27营收$18.9亿,此前四个季度的平均值为14.3%。
- 营业利润率24.5%(TTM),较去年同期+17.7 百分点营收增长13.7%,营业利润增长309.2%。
- 资本支出占营收的2.2%(去年为1.8%)最近4个季度投入$1.82亿(同比+40.2%)。自由现金流$18.8亿,相当于净利润的116.6%。
- 股东回报$17.9亿 = 自由现金流的95.4%回购$14.6亿(去年为$27.2亿),股息$3.35亿,股权激励$1.13亿(TTM)。
- 稀释股数一年内减少5.1%Q1 '27稀释股数2.05亿,一年前为2.16亿。
- 净债务 $34.5亿现金 + 短期投资 $7.82亿,含租赁债务 $42.3亿;一年前净债务 $34.6亿。
- Coach:营收+16.2%,利润率35.5%(此前为34.1%)Q1 '27增长最快的披露分部:营收$16.6亿,营业利润$5.9亿(来自财报的分部附注)。
上一季度:Q1 '27
截至2026-09-26的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q1 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $18.9亿 | $17亿 | +11.1% |
| 毛利率 | 78.6% | 76.3% | +2.3 百分点 |
| 营业利润 | $4.24亿 | $3.28亿 | +29.2% |
| 营业利润率 | 22.4% | 19.3% | +3.1 百分点 |
| 净利润 | $3.6亿 | $2.75亿 | +31.0% |
| 稀释EPS | $1.76 | $1.28 | +37.5% |
| 经营现金流 | $1.97亿 | $1.13亿 | +75.0% |
| 资本支出 | $4800万 | $3240万 | +48.1% |
| 自由现金流 | $1.49亿 | $8020万 | +85.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $3100万 | $2240万 | +38.4% |
实际 vs 一致预期
2026-11-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $18.9亿 | $18.5亿 | +2.5% |
| EPS(一致预期口径) | $1.82 | $1.56 | +16.7% |
来自2026-11-05发布的Q1 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Coach Segment | $16.6亿 | +16.2% | 87.7% | $71.5亿 | +22.0% | |
| Kate Spade & Company | $2.33亿 | -10.5% | 12.3% | $10.5亿 | -10.8% | |
| Stuart Weitzman | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $11.1亿 | +2.9% | 58.6% | $47.3亿 | +9.0% | |
| Non-US | $1.82亿 | +16.5% | 9.6% | $14.7亿 | +16.2% | |
| Greater China | $3.85亿 | +42.0% | 20.3% | $15.1亿 | +37.9% | |
| Other Asia | $2.17亿 | +9.0% | 11.5% | $7.11亿 | +3.8% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q1 '27分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Coach | $16.6亿 | +16.2% | $5.9亿 | +21.1% | 35.5% | 34.1% | $26.4亿 |
| Kate Spade Company | $2.33亿 | -10.4% | -$2000万 | -433.3% | -8.6% | 2.3% | -$3600万 |
| Stuart Weitzman | – | – | $0 | +100.0% | – | -6.7% | $0 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $20.6亿
- 资本支出
- -$1.82亿
- 股票回购
- -$14.6亿
- 股息
- -$3.35亿
- 收购
- -$1.1亿
- 债务净发行
- -$5650万
- 股权激励费用
- $1.13亿
- 自由现金流
- $18.8亿
- 股东回报 / FCF
- 95.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 16.8× | 30.8× | 9.4× – 102.5× |
| EV / EBITDA | 13.7× | 16.5× | 8.0× – 41.2× |
| EV / 营收 | 3.7× | 2.5× | 1.6× – 4.1× |
| 股价 / FCF | 14.2× | 13.1× | 8.4× – 17.3× |
| 股价 / 净资产 | 77.7× | 15.3× | 3.3× – 43.0× |
| FCF收益率 | 7.1% | 8.2% | 5.8% – 11.9% |
| 投入资本回报率 | 31.3% | 15.0% | 6.6% – 29.4% |
| 净资产收益率 | 284.2% | 69.8% | 21.4% – 220.7% |
分析师
一致目标价 $165.90 (+23.6%)
区间 $140.00 – $200.00 · 评级 Buy
强烈买入0
买入30
持有11
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $85.4亿 | +6.7% | $7.97 | +9.7% | 16.8× | 12 |
| FY2028 | $89.9亿 | +5.2% | $8.91 | +11.8% | 15.1× | 12 |
| FY2029 | $95.9亿 | +6.7% | $10.19 | +14.3% | 13.2× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Tapestry, Inc.在近期10-Q / 10-K文件中标记的全部308项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | -$220万 | – | – | |
| – | – | – | -0.1% | – | – | |
| – | – | – | $8420万 | – | – | |
| – | – | – | 4.5% | – | – | |
| – | – | – | $8460万 | – | – | |
| – | – | – | $3030万 | – | – | |
| Accounts Payable, Current | $6.79亿 | $4.96亿 | +37.0% | $5.82亿 | $4.56亿 | +27.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.43亿 | $2.9亿 | +18.5% | $2.37亿 | $2.39亿 | -0.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $700万 | $580万 | +20.7% | $610万 | $570万 | +7.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $200万 | $100万 | +100.0% | $610万 | $360万 | +69.4% |
| Accrued Income Taxes, Current | – | – | – | $5680万2025-06-28 | $4970万 | +14.3% |
| Accrued Liabilities, Current | $6.33亿 | $6.58亿 | -3.8% | $7.55亿 | $7.37亿 | +2.4% |
| Accrued Marketing Costs, Current | $4790万2026-06-27 | $8410万 | -43.0% | $4790万 | $8410万 | -43.0% |
| Accrued Rent, Current | – | – | – | $2170万2025-06-28 | $1750万 | +24.0% |
| Accrued Rent, Noncurrent | – | – | – | $2960万2025-06-28 | $3220万 | -8.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.31亿 | -$2.28亿 | -1.3% | -$2.19亿 | -$2.61亿 | +16.3% |
| Additional Paid in Capital | $41.2亿 | $39.9亿 | +3.2% | $41.2亿 | $36.7亿 | +12.1% |
| Advertising Expense | – | – | – | $9.63亿 | $7.45亿 | +29.3% |
| Amortization of Intangible Assets | $70万2026-06-27 | $80万 | -12.5% | $310万 | $520万 | -40.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 50万 | 60万 | -16.7% | 60万 | 70万 | -14.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3100万 | $2400万 | +29.2% | $1.07亿 | $9140万 | +17.5% |
| Asset Impairment Charges | – | – | – | $0 | $8.55亿 | -100.0% |
| Asset Retirement Obligations, Noncurrent | $6500万2026-06-27 | $5840万 | +11.3% | $6500万 | $5840万 | +11.3% |
| Assets | $66.2亿 | $63.6亿 | +4.0% | $66.9亿 | $65.8亿 | +1.7% |
| Assets, Current | $27.4亿 | $26.2亿 | +4.6% | $28.8亿 | $29.1亿 | -0.8% |
| Capital Expenditures Incurred but Not yet Paid | $2900万 | $3100万 | -6.5% | $3520万 | $2570万 | +37.0% |
| Capitalized Computer Software, Amortization | $1340万2026-06-27 | $1840万 | -27.2% | $5640万 | $6200万 | -9.0% |
| Cash and Cash Equivalents, at Carrying Value | $5.99亿 | $7.2亿 | -16.7% | $9.75亿 | $11亿 | -11.4% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $1100万 | $1110万 | -0.9% | $1630万 | $130万 | +1,153.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.99亿 | $7.19亿 | -16.7% | $9.75亿 | $11亿 | -11.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$3.76亿 | -$3.81亿 | +1.3% | -$1.25亿 | -$50.4亿 | +97.5% |
| Common Stock, Dividends, Per Share, Declared | $0.46 | $0.40 | +15.6% | $1.60 | $1.40 | +14.3% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 1.98亿 | 2.06亿 | -3.8% | 2亿 | 2.08亿 | -3.7% |
| Common Stock, Shares, Outstanding | 1.98亿 | 2.06亿 | -3.8% | 2亿 | 2.08亿 | -3.7% |
| Common Stock, Value, Issued | $200万 | $210万 | -4.8% | $200万 | $210万 | -4.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3.47亿 | $3.08亿 | +12.7% | $15.7亿 | $6790万 | +2,212.7% |
| Construction in Progress, Gross | $6870万2026-06-27 | $4080万 | +68.4% | $6870万 | $4080万 | +68.4% |
| Contract with Customer, Liability, Current | $4300万 | $4740万 | -9.3% | $3510万 | $3800万 | -7.6% |
| Contract with Customer, Liability, Revenue Recognized | $400万 | $200万 | +100.0% | -$1090万 | $2420万 | -145.0% |
| Cost of Revenue | $4.06亿 | $4.04亿 | +0.5% | $17.8亿 | $17.2亿 | +3.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.22亿 | $6060万 | +100.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.3亿 | $8880万 | +46.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.82亿 | $1.73亿 | +63.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3070万 | $2330万 | +31.8% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1500万 | $1800万 | -16.7% | $1590万 | $1870万 | -15.0% |
| Debt Securities, Available-for-sale | $1.49亿2026-06-27 | $0 | – | $1.49亿 | $0 | – |
| Debt Securities, Available-for-sale, Current | $1.49亿2026-06-27 | $0 | – | $1.49亿 | $0 | – |
| Debt Securities, Available-for-sale, Noncurrent | $02026-06-27 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | – | – | – | $0 | $260万 | -100.0% |
| Debt Securities, Available-for-sale, Unrealized Gain (Loss) | – | – | – | $0 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $4420万 | -$1.44亿 | +130.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$210万 | $1630万 | -112.9% |
| Deferred Income Tax Assets, Net | $3600万 | $3310万 | +8.8% | $3570万 | $3380万 | +5.6% |
| Deferred Income Tax Expense (Benefit) | $1500万 | $5900万 | -74.6% | $5080万 | -$1.4亿 | +136.3% |
| Deferred Income Tax Liabilities, Net | $1.83亿 | $1.51亿 | +21.0% | $1.73亿 | $7980万 | +116.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $870万 | -$1200万 | +172.5% |
| Deferred Tax Assets, Gross | $4.8亿2026-06-27 | $5.48亿 | -12.5% | $4.8亿 | $5.48亿 | -12.5% |
| Deferred Tax Assets, Inventory | $1540万2026-06-27 | $1640万 | -6.1% | $1540万 | $1640万 | -6.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-26, 10-K 2026-06-27, 10-Q 2026-03-28, 10-Q 2025-12-27, 10-Q 2025-09-27, 10-K 2025-06-28, 10-Q 2025-03-29, 10-Q 2024-12-28, 10-Q 2024-09-28
数据截至 2026-11-06