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Side-by-side financial comparison of Tapestry, Inc. (TPR) and W. R. Berkley Corporation (WRB). Click either name above to swap in a different company.
W. R. Berkley Corporation is the larger business by last-quarter revenue ($3.7B vs $2.5B, roughly 1.5× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 14.0%, a 8.5% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 4.0%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs 5.5%).
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.
William Robert Berkley is the founder and current chairman of W. R. Berkley Corporation and the chairman of the New York University Board of Trustees.
TPR vs WRB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $3.7B |
| Net Profit | $561.3M | $515.2M |
| Gross Margin | 75.5% | — |
| Operating Margin | 28.6% | — |
| Net Margin | 22.4% | 14.0% |
| Revenue YoY | 14.0% | 4.0% |
| Net Profit YoY | 80.8% | 23.4% |
| EPS (diluted) | $2.68 | $1.31 |
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.
| Q1 26 | — | $3.7B | ||
| Q4 25 | $2.5B | $3.7B | ||
| Q3 25 | $1.7B | $3.8B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $2.2B | $3.7B | ||
| Q3 24 | $1.5B | $3.4B | ||
| Q2 24 | $1.6B | $3.3B |
| Q1 26 | — | $515.2M | ||
| Q4 25 | $561.3M | $449.5M | ||
| Q3 25 | $274.8M | $511.0M | ||
| Q2 25 | $-517.1M | $401.3M | ||
| Q1 25 | $203.3M | $417.6M | ||
| Q4 24 | $310.4M | $576.1M | ||
| Q3 24 | $186.6M | $365.6M | ||
| Q2 24 | $159.3M | $371.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 28.6% | 15.4% | ||
| Q3 25 | 19.3% | 17.2% | ||
| Q2 25 | -33.9% | 14.2% | ||
| Q1 25 | 16.0% | 15.2% | ||
| Q4 24 | 22.4% | 19.9% | ||
| Q3 24 | 16.7% | 14.0% | ||
| Q2 24 | 14.8% | 14.7% |
| Q1 26 | — | 14.0% | ||
| Q4 25 | 22.4% | 12.1% | ||
| Q3 25 | 16.1% | 13.6% | ||
| Q2 25 | -30.0% | 10.9% | ||
| Q1 25 | 12.8% | 11.8% | ||
| Q4 24 | 14.1% | 15.7% | ||
| Q3 24 | 12.4% | 10.8% | ||
| Q2 24 | 10.0% | 11.2% |
| Q1 26 | — | $1.31 | ||
| Q4 25 | $2.68 | $1.13 | ||
| Q3 25 | $1.28 | $1.28 | ||
| Q2 25 | $-2.30 | $1.00 | ||
| Q1 25 | $0.95 | $1.04 | ||
| Q4 24 | $1.38 | $0.89 | ||
| Q3 24 | $0.79 | $0.91 | ||
| Q2 24 | $0.67 | $0.92 |
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 | $2.1B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $551.2M | — |
| Total Assets | $6.5B | $44.3B |
| Debt / EquityLower = less leverage | 4.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $743.2M | $2.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $7.3B | $1.6B | ||
| Q2 24 | $7.2B | $1.6B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $551.2M | $9.7B | ||
| Q3 25 | $399.5M | $9.8B | ||
| Q2 25 | $857.8M | $9.3B | ||
| Q1 25 | $1.5B | $8.9B | ||
| Q4 24 | $1.3B | $8.4B | ||
| Q3 24 | $3.0B | $8.4B | ||
| Q2 24 | $2.9B | $7.8B |
| Q1 26 | — | $44.3B | ||
| Q4 25 | $6.5B | $44.1B | ||
| Q3 25 | $6.4B | $43.7B | ||
| Q2 25 | $6.6B | $42.7B | ||
| Q1 25 | $7.3B | $41.3B | ||
| Q4 24 | $7.3B | $40.6B | ||
| Q3 24 | $13.7B | $40.4B | ||
| Q2 24 | $13.4B | $38.9B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $1.0B | — |
| FCF MarginFCF / Revenue | 41.5% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 1.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $995.1M | ||
| Q3 25 | $112.6M | $1.1B | ||
| Q2 25 | $446.8M | $703.8M | ||
| Q1 25 | $144.3M | $743.8M | ||
| Q4 24 | $506.0M | $810.0M | ||
| Q3 24 | $119.5M | $1.2B | ||
| Q2 24 | $256.0M | $881.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.93× | 2.21× | ||
| Q3 25 | 0.41× | 2.23× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 0.71× | 1.78× | ||
| Q4 24 | 1.63× | 1.41× | ||
| Q3 24 | 0.64× | 3.39× | ||
| Q2 24 | 1.61× | 2.37× |
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% |
WRB
Segment breakdown not available.
