vs
Side-by-side financial comparison of Tapestry, Inc. (TPR) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.5B, roughly 1.6× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 12.9%, a 9.5% gap on every dollar of revenue.
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
TPR vs VIK — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $4.0B |
| Net Profit | $561.3M | $514.0M |
| Gross Margin | 75.5% | 73.4% |
| Operating Margin | 28.6% | 15.2% |
| Net Margin | 22.4% | 12.9% |
| Revenue YoY | 14.0% | — |
| Net Profit YoY | 80.8% | 35.4% |
| EPS (diluted) | $2.68 | $1.15 |
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 | $2.5B | — | ||
| Q3 25 | $1.7B | $4.0B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $718.2M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $561.3M | — | ||
| Q3 25 | $274.8M | $514.0M | ||
| Q2 25 | $-517.1M | $439.2M | ||
| Q1 25 | $203.3M | $-105.5M | ||
| Q4 24 | $310.4M | — | ||
| Q3 24 | $186.6M | $379.7M | ||
| Q2 24 | $159.3M | $159.8M | ||
| Q1 24 | $139.4M | — |
| Q4 25 | 75.5% | — | ||
| Q3 25 | 76.3% | 73.4% | ||
| Q2 25 | 76.3% | 55.7% | ||
| Q1 25 | 76.1% | 17.3% | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 75.3% | 74.7% | ||
| Q2 24 | 74.9% | 57.8% | ||
| Q1 24 | 74.7% | — |
| Q4 25 | 28.6% | — | ||
| Q3 25 | 19.3% | 15.2% | ||
| Q2 25 | -33.9% | 23.7% | ||
| Q1 25 | 16.0% | -1.3% | ||
| Q4 24 | 22.4% | — | ||
| Q3 24 | 16.7% | 13.6% | ||
| Q2 24 | 14.8% | 20.5% | ||
| Q1 24 | 13.8% | — |
| Q4 25 | 22.4% | — | ||
| Q3 25 | 16.1% | 12.9% | ||
| Q2 25 | -30.0% | 19.1% | ||
| Q1 25 | 12.8% | -14.7% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 12.4% | 10.6% | ||
| Q2 24 | 10.0% | 7.7% | ||
| Q1 24 | 9.4% | — |
| Q4 25 | $2.68 | — | ||
| Q3 25 | $1.28 | $1.15 | ||
| Q2 25 | $-2.30 | $0.99 | ||
| Q1 25 | $0.95 | $-0.24 | ||
| Q4 24 | $1.38 | — | ||
| Q3 24 | $0.79 | $0.87 | ||
| Q2 24 | $0.67 | $0.38 | ||
| Q1 24 | $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 | $1.1B | $3.0B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $551.2M | $803.5M |
| Total Assets | $6.5B | $11.5B |
| Debt / EquityLower = less leverage | 4.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $743.2M | $3.0B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $7.3B | $2.4B | ||
| Q2 24 | $7.2B | $1.8B | ||
| Q1 24 | $7.4B | — |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $7.7B | — |
| Q4 25 | $551.2M | — | ||
| Q3 25 | $399.5M | $803.5M | ||
| Q2 25 | $857.8M | $278.3M | ||
| Q1 25 | $1.5B | $-267.5M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $3.0B | $-688.9M | ||
| Q2 24 | $2.9B | $-1.1B | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.4B | $11.5B | ||
| Q2 25 | $6.6B | $11.1B | ||
| Q1 25 | $7.3B | $10.7B | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.4B | — | ||
| Q1 24 | $13.7B | — |
| Q4 25 | 4.32× | — | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 2.39× | — | ||
| Q1 24 | 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 | $1.1B | $663.9M |
| Free Cash FlowOCF − Capex | $1.0B | — |
| FCF MarginFCF / Revenue | 41.5% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 1.93× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $1.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $112.6M | $663.9M | ||
| Q2 25 | $446.8M | $470.7M | ||
| Q1 25 | $144.3M | $587.9M | ||
| Q4 24 | $506.0M | — | ||
| Q3 24 | $119.5M | $828.7M | ||
| Q2 24 | $256.0M | $419.8M | ||
| Q1 24 | $97.8M | — |
| Q4 25 | $1.0B | — | ||
| Q3 25 | $80.2M | — | ||
| Q2 25 | $411.5M | — | ||
| Q1 25 | $113.4M | — | ||
| Q4 24 | $475.1M | — | ||
| Q3 24 | $93.9M | — | ||
| Q2 24 | $209.8M | — | ||
| Q1 24 | $78.8M | — |
| Q4 25 | 41.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 1.93× | — | ||
| Q3 25 | 0.41× | 1.29× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 0.64× | 2.18× | ||
| Q2 24 | 1.61× | 2.63× | ||
| Q1 24 | 0.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
VIK
Segment breakdown not available.
