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Side-by-side financial comparison of Ralph Lauren Corporation (RL) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.4B, roughly 1.1× Ralph Lauren Corporation). Ralph Lauren Corporation runs the higher net margin — 15.0% vs 5.5%, a 9.5% gap on every dollar of revenue. On growth, Ralph Lauren Corporation posted the faster year-over-year revenue change (12.2% vs 2.0%). Ralph Lauren Corporation produced more free cash flow last quarter ($704.0M vs $-212.9M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs -15.8%).

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

RL vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.1× larger
TAP
$2.7B
$2.4B
RL
Growing faster (revenue YoY)
RL
RL
+10.2% gap
RL
12.2%
2.0%
TAP
Higher net margin
RL
RL
9.5% more per $
RL
15.0%
5.5%
TAP
More free cash flow
RL
RL
$916.9M more FCF
RL
$704.0M
$-212.9M
TAP
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
-15.8%
TAP

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
RL
RL
TAP
TAP
Revenue
$2.4B
$2.7B
Net Profit
$361.6M
$150.1M
Gross Margin
69.9%
33.0%
Operating Margin
19.6%
Net Margin
15.0%
5.5%
Revenue YoY
12.2%
2.0%
Net Profit YoY
21.6%
25.0%
EPS (diluted)
$5.82
$0.80

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.

Revenue
RL
RL
TAP
TAP
Q1 26
$2.7B
Q4 25
$2.4B
$3.1B
Q3 25
$2.0B
$3.5B
Q2 25
$1.7B
$3.7B
Q1 25
$1.7B
$2.7B
Q4 24
$2.1B
$3.2B
Q3 24
$1.7B
$3.6B
Q2 24
$1.5B
$3.8B
Net Profit
RL
RL
TAP
TAP
Q1 26
$150.1M
Q4 25
$361.6M
$238.3M
Q3 25
$207.5M
$-2.9B
Q2 25
$220.4M
$428.7M
Q1 25
$129.0M
$121.0M
Q4 24
$297.4M
$287.8M
Q3 24
$147.9M
$199.8M
Q2 24
$168.6M
$427.0M
Gross Margin
RL
RL
TAP
TAP
Q1 26
33.0%
Q4 25
69.9%
31.0%
Q3 25
68.0%
33.7%
Q2 25
72.3%
34.3%
Q1 25
68.7%
31.6%
Q4 24
68.4%
32.0%
Q3 24
67.0%
33.4%
Q2 24
70.5%
34.6%
Operating Margin
RL
RL
TAP
TAP
Q1 26
Q4 25
19.6%
10.4%
Q3 25
12.2%
-98.5%
Q2 25
15.9%
15.6%
Q1 25
9.1%
6.9%
Q4 24
18.2%
12.0%
Q3 24
10.4%
12.5%
Q2 24
13.8%
15.6%
Net Margin
RL
RL
TAP
TAP
Q1 26
5.5%
Q4 25
15.0%
7.6%
Q3 25
10.3%
-84.0%
Q2 25
12.8%
11.5%
Q1 25
7.6%
4.5%
Q4 24
13.9%
8.9%
Q3 24
8.6%
5.5%
Q2 24
11.1%
11.1%
EPS (diluted)
RL
RL
TAP
TAP
Q1 26
$0.80
Q4 25
$5.82
$1.32
Q3 25
$3.32
$-14.79
Q2 25
$3.52
$2.13
Q1 25
$2.03
$0.59
Q4 24
$4.66
$1.39
Q3 24
$2.31
$0.96
Q2 24
$2.61
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RL
RL
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$2.3B
$382.6M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$2.9B
$10.3B
Total Assets
$7.8B
$22.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RL
RL
TAP
TAP
Q1 26
$382.6M
Q4 25
$2.3B
$896.5M
Q3 25
$1.6B
$950.2M
Q2 25
$2.3B
$613.8M
Q1 25
$2.1B
$412.7M
Q4 24
$2.1B
$969.3M
Q3 24
$1.7B
$1.0B
Q2 24
$1.8B
$1.6B
Total Debt
RL
RL
TAP
TAP
Q1 26
$3.8B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
RL
RL
TAP
TAP
Q1 26
$10.3B
Q4 25
$2.9B
$10.2B
Q3 25
$2.6B
$10.3B
Q2 25
$2.5B
$13.4B
Q1 25
$2.6B
$13.1B
Q4 24
$2.5B
$13.1B
Q3 24
$2.4B
$13.3B
Q2 24
$2.4B
$13.2B
Total Assets
RL
RL
TAP
TAP
Q1 26
$22.4B
Q4 25
$7.8B
$22.7B
Q3 25
$7.3B
$22.9B
Q2 25
$7.8B
$26.8B
Q1 25
$7.0B
$25.9B
Q4 24
$7.1B
$26.1B
Q3 24
$6.8B
$26.6B
Q2 24
$6.6B
$27.4B
Debt / Equity
RL
RL
TAP
TAP
Q1 26
0.38×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RL
RL
TAP
TAP
Operating Cash FlowLast quarter
$779.6M
Free Cash FlowOCF − Capex
$704.0M
$-212.9M
FCF MarginFCF / Revenue
29.3%
-7.8%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$694.5M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RL
RL
TAP
TAP
Q1 26
Q4 25
$779.6M
$540.7M
Q3 25
$53.2M
$616.1M
Q2 25
$176.1M
$718.3M
Q1 25
$122.2M
$-90.7M
Q4 24
$738.4M
$494.5M
Q3 24
$97.2M
$521.2M
Q2 24
$277.3M
$869.2M
Free Cash Flow
RL
RL
TAP
TAP
Q1 26
$-212.9M
Q4 25
$704.0M
$357.8M
Q3 25
$-40.6M
$483.0M
Q2 25
$-11.2M
$555.0M
Q1 25
$42.3M
$-328.0M
Q4 24
$677.2M
$383.4M
Q3 24
$55.5M
$350.4M
Q2 24
$243.9M
$691.7M
FCF Margin
RL
RL
TAP
TAP
Q1 26
-7.8%
Q4 25
29.3%
11.4%
Q3 25
-2.0%
13.9%
Q2 25
-0.7%
14.8%
Q1 25
2.5%
-12.2%
Q4 24
31.6%
11.8%
Q3 24
3.2%
9.7%
Q2 24
16.1%
18.0%
Capex Intensity
RL
RL
TAP
TAP
Q1 26
Q4 25
3.1%
5.9%
Q3 25
4.7%
3.8%
Q2 25
10.9%
4.4%
Q1 25
4.7%
8.8%
Q4 24
2.9%
3.4%
Q3 24
2.4%
4.7%
Q2 24
2.2%
4.6%
Cash Conversion
RL
RL
TAP
TAP
Q1 26
Q4 25
2.16×
2.27×
Q3 25
0.26×
Q2 25
0.80×
1.68×
Q1 25
0.95×
-0.75×
Q4 24
2.48×
1.72×
Q3 24
0.66×
2.61×
Q2 24
1.64×
2.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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