TapestryTPR -0.36%77 Pretax Margin % is 21.66% as of Mar. 2026, which is 49% above its 10-year median of 14.56. GuruFocus rates TPR with a GF Score™ of 77/100 and a GF Value™ of $76.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Tapestry ranks better than 79.88% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tapestry's Pre-Tax Income for the
three
months ended in Mar. 2026 was $416 Mil. Tapestry's Revenue for the
three
months ended in Mar. 2026 was $1,921 Mil. Therefore, Tapestry's pretax margin for the quarter that ended in Mar. 2026 was 21.66%.
The historical rank and industry rank for Tapestry's Pretax Margin % or its related term are showing as below:
TPR'
s Pretax Margin % Range Over the Past 10 Years
Min: -12.58 Med: 14.56 Max: 17.16
Current: 10.67
TPR's Pretax Margin % is ranked better than 79.88% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 3.15
vs TPR: 10.67
Tapestry (NYSE:TPR) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Tapestry Pretax Margin % Related Terms
Tapestry Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Tapestry's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TPR vs SIG, CPRI, REAL: Pretax Margin % Comparison
For the Luxury Goods subindustry, Tapestry's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tapestry Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tapestry's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tapestry (TPR) has a Pretax Margin % of 21.66% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tapestry and its competitors. This is 49% above median its historical median of 14.56. According to the industry distribution chart, Tapestry ranks #227 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 20.1%.
Is Tapestry's Pretax Margin % too high?
Tapestry's current Pretax Margin % of 21.66% is 49% above median its 10-year median of 14.56. The Retail - Cyclical industry median Pretax Margin % is 3.15. Tapestry's value of 21.66% is 587.6% above this industry median. Based on the distribution chart, Tapestry ranks #227 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Tapestry has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tapestry's Pretax Margin % compare to SIG and CPRI?
According to the Retail - Cyclical industry distribution chart, Tapestry ranks #227 out of 1128 companies for Pretax Margin %. This places Tapestry in the top 20% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.15. Tapestry's value of 21.66% is 587.6% above this benchmark. While the company's 10-year median is 14.56 vs. the industry median of 3.15, Tapestry has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.15, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tapestry's current Pretax Margin % of 21.66% is 587.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tapestry and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tapestry's current Pretax Margin % is 21.66%, which is 49% above median its own 10-year median of 14.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tapestry stock overvalued right now?
Based on GuruFocus' analysis, Tapestry (TPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $76.74, compared to a current price of $149.99 — trading 95.5% above its estimated fair value. The current Pretax Margin % is 21.66%, which is 49% above median its 10-year median of 14.56 and 587.6% above the Retail - Cyclical industry median of 3.15. Tapestry's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Tapestry (TPR), the current Pretax Margin % is 21.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tapestry (TPR) Overvalued in 2026?
Based on GuruFocus' analysis, Tapestry stock appears to be overvalued.
The current stock price of $149.99 is trading 95.5% above its estimated GF Value™ of $76.74.
GuruFocus considers Tapestry to be Significantly Overvalued.
Key valuation signals for TPR:
Pretax Margin %: 21.66% (49% above median its 10-year median of 14.56)
GF Value™: $76.74 vs. price of $149.99 (95.5% above fair value)
Industry Position: 587.6% above the Retail - Cyclical median (#227 of 1128)
No single metric tells the full story. See the TPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 80% of its revenue and well over 90% of its operating profit in fiscal 2025. Handbags accounted for 58% of the brand's fiscal 2025 revenue. Coach products are sold through more than 950 company-owned stores, company-operated digital channels, and wholesale partners in North America, Asia, and Europe. Tapestry also owns Kate Spade (17% of fiscal 2025 revenue), which operates about 335 worldwide stores and generated 52% of its sales from handbags in fiscal 2025. Kate Spade is known for its colorful patterns and graphics. Tapestry sold its smallest brand, luxury footwear maker Stuart Weitzman, to Caleres in August 2025.
77GF Score
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