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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.5B, roughly 1.4× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 16.1%, a 6.3% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs -6.9%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $599.1M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs -10.5%).
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
MKL vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.5B |
| Net Profit | $576.8M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | 22.2% | 28.6% |
| Net Margin | 16.1% | 22.4% |
| Revenue YoY | -6.9% | 14.0% |
| Net Profit YoY | 5.0% | 80.8% |
| EPS (diluted) | $48.22 | $2.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.9B | $1.7B | ||
| Q2 25 | $4.6B | $1.7B | ||
| Q1 25 | $3.4B | $1.6B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | $4.5B | $1.5B |
| Q4 25 | $576.8M | $561.3M | ||
| Q3 25 | $751.3M | $274.8M | ||
| Q2 25 | $657.1M | $-517.1M | ||
| Q1 25 | $121.7M | $203.3M | ||
| Q4 24 | $549.2M | $310.4M | ||
| Q3 24 | $905.0M | $186.6M | ||
| Q2 24 | $267.7M | $159.3M | ||
| Q1 24 | $1.0B | $139.4M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
| Q4 25 | 22.2% | 28.6% | ||
| Q3 25 | 25.7% | 19.3% | ||
| Q2 25 | 24.1% | -33.9% | ||
| Q1 25 | 8.3% | 16.0% | ||
| Q4 24 | 15.5% | 22.4% | ||
| Q3 24 | 29.7% | 16.7% | ||
| Q2 24 | 11.1% | 14.8% | ||
| Q1 24 | 29.9% | 13.8% |
| Q4 25 | 16.1% | 22.4% | ||
| Q3 25 | 19.1% | 16.1% | ||
| Q2 25 | 14.3% | -30.0% | ||
| Q1 25 | 3.6% | 12.8% | ||
| Q4 24 | 14.3% | 14.1% | ||
| Q3 24 | 19.6% | 12.4% | ||
| Q2 24 | 7.2% | 10.0% | ||
| Q1 24 | 23.0% | 9.4% |
| Q4 25 | $48.22 | $2.68 | ||
| Q3 25 | $59.25 | $1.28 | ||
| Q2 25 | $49.67 | $-2.30 | ||
| Q1 25 | $12.08 | $0.95 | ||
| Q4 24 | $39.02 | $1.38 | ||
| Q3 24 | $66.25 | $0.79 | ||
| Q2 24 | $18.62 | $0.67 | ||
| Q1 24 | $75.43 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0B | $1.1B |
| Total DebtLower is stronger | $4.3B | $2.4B |
| Stockholders' EquityBook value | $18.6B | $551.2M |
| Total Assets | $68.9B | $6.5B |
| Debt / EquityLower = less leverage | 0.23× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0B | $1.1B | ||
| Q3 25 | $4.0B | $743.2M | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $4.2B | $1.1B | ||
| Q4 24 | $3.7B | $1.0B | ||
| Q3 24 | $3.9B | $7.3B | ||
| Q2 24 | $3.5B | $7.2B | ||
| Q1 24 | $3.6B | $7.4B |
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $4.3B | $2.4B | ||
| Q2 25 | $4.4B | $2.4B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.3B | $2.4B | ||
| Q3 24 | $4.4B | $7.0B | ||
| Q2 24 | $4.4B | $6.9B | ||
| Q1 24 | $3.9B | $7.7B |
| Q4 25 | $18.6B | $551.2M | ||
| Q3 25 | $18.0B | $399.5M | ||
| Q2 25 | $17.3B | $857.8M | ||
| Q1 25 | $17.1B | $1.5B | ||
| Q4 24 | $16.9B | $1.3B | ||
| Q3 24 | $17.0B | $3.0B | ||
| Q2 24 | $15.9B | $2.9B | ||
| Q1 24 | $15.7B | $2.8B |
| Q4 25 | $68.9B | $6.5B | ||
| Q3 25 | $67.4B | $6.4B | ||
| Q2 25 | $66.8B | $6.6B | ||
| Q1 25 | $64.6B | $7.3B | ||
| Q4 24 | $61.9B | $7.3B | ||
| Q3 24 | $62.3B | $13.7B | ||
| Q2 24 | $59.7B | $13.4B | ||
| Q1 24 | $57.3B | $13.7B |
| Q4 25 | 0.23× | 4.32× | ||
| Q3 25 | 0.24× | 5.95× | ||
| Q2 25 | 0.25× | 2.77× | ||
| Q1 25 | 0.26× | 1.59× | ||
| Q4 24 | 0.26× | 1.78× | ||
| Q3 24 | 0.26× | 2.35× | ||
| Q2 24 | 0.28× | 2.39× | ||
| Q1 24 | 0.25× | 2.77× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $662.2M | $1.1B |
| Free Cash FlowOCF − Capex | $599.1M | $1.0B |
| FCF MarginFCF / Revenue | 16.7% | 41.5% |
| Capex IntensityCapex / Revenue | 1.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.15× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $662.2M | $1.1B | ||
| Q3 25 | $1.2B | $112.6M | ||
| Q2 25 | $504.4M | $446.8M | ||
| Q1 25 | $376.2M | $144.3M | ||
| Q4 24 | $493.9M | $506.0M | ||
| Q3 24 | $890.8M | $119.5M | ||
| Q2 24 | $578.6M | $256.0M | ||
| Q1 24 | $630.7M | $97.8M |
| Q4 25 | $599.1M | $1.0B | ||
| Q3 25 | $1.2B | $80.2M | ||
| Q2 25 | $453.8M | $411.5M | ||
| Q1 25 | $335.5M | $113.4M | ||
| Q4 24 | $420.0M | $475.1M | ||
| Q3 24 | $838.9M | $93.9M | ||
| Q2 24 | $521.4M | $209.8M | ||
| Q1 24 | $558.7M | $78.8M |
| Q4 25 | 16.7% | 41.5% | ||
| Q3 25 | 29.6% | 4.7% | ||
| Q2 25 | 9.9% | 23.9% | ||
| Q1 25 | 9.9% | 7.2% | ||
| Q4 24 | 10.9% | 21.6% | ||
| Q3 24 | 18.2% | 6.2% | ||
| Q2 24 | 14.1% | 13.2% | ||
| Q1 24 | 12.5% | 5.3% |
| Q4 25 | 1.8% | 1.7% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.2% | 2.0% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 1.5% | 2.9% | ||
| Q1 24 | 1.6% | 1.3% |
| Q4 25 | 1.15× | 1.93× | ||
| Q3 25 | 1.62× | 0.41× | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 3.09× | 0.71× | ||
| Q4 24 | 0.90× | 1.63× | ||
| Q3 24 | 0.98× | 0.64× | ||
| Q2 24 | 2.16× | 1.61× | ||
| Q1 24 | 0.62× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
