Kontoor Brands (KTB) FY2025 results: revenue $3.2 billion, up 20.9% on the year
Kontoor Brands, Inc. (KTB) reported revenue of $3.2 billion for fiscal 2025, the year ended 3 January 2026, up 20.9% on the year before. Net income was $227 million, down 7.5%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2026.
Revenue
$3.2 billion
+20.9% on the year
FY2018FY2025
Operating margin
10.7%
13.1% a year earlier
FY2018FY2025
Net income
$227 million
-7.5% on the year
FY2018FY2025
Diluted EPS
$4.05
-7.1% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 17 new.
Quarter revenue rose 46 percent: Fourth-quarter revenue was $1.02 billion. The company attributes the increase mainly to the Helly Hansen acquisition, which added 36 percentage points.
Full-year adjusted operating income up 23 percent: Full-year reported operating income was $337 million. Full-year revenue was $3.15 billion, up 21 percent, with an 18 point Helly Hansen benefit.
Wrangler revenue grew 12 percent: Wrangler is the largest brand. U.S. revenue rose 12 percent and international rose 10 percent in the quarter.
Helly Hansen contributed $254 million: Helly Hansen's fourth-quarter revenue was $254 million, with Sport revenue of $194 million and Workwear revenue of $54 million.
Gross margin up 210 basis points adjusted: Reported gross margin was 46.2 percent. Helly Hansen contributed 180 basis points of the adjusted increase.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
456
368
357
+23.8%
Capital expenditure
21.0
18.8
27.4
+12.0%
Free cash flow
435
349
329
+24.4%
Free cash flow margin
13.8%
13.4%
12.6%
Cash from investing
-899
-22.3
-39.1
Cash from financing
247
-240
-156
Depreciation and amortisation
47.8
42.6
38.0
+12.1%
Share-based compensation
39.1
26.6
16.7
+47.0%
Buybacks
25.0
85.7
30.1
-70.8%
Dividends paid
116
112
109
+3.6%
Dividend per share
$2.09
$2.02
$1.94
+3.5%
Diluted shares, weighted
56m
56m
57m
-0.4%
Shares outstanding at period end
55m
55m
56m
-0.1%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
565
400
372
+41.2%
Short-term borrowings
n/a
n/a
0.0
Debt
1,143
740
784
+54.4%
Operating lease liabilities
117
30.0
36.8
+290.2%
Other liabilities
758
480
453
+57.8%
Total liabilities and equity
2,583
1,651
1,645
+56.5%
Fixed assets
131
103
112
+26.6%
Goodwill
531
209
210
+154.4%
Intangible assets
450
11.2
12.5
+3,910.1%
Cash and equivalents
108
334
215
-67.5%
Receivables
276
244
218
+13.4%
Inventory
567
390
500
+45.2%
Other assets
519
359
378
+44.4%
Total assets
2,583
1,651
1,645
+56.5%
10-K for the year ended 3 January 2026, filed 4 March 2026: the filing.