Birkenstock Holding plc vs Tapestry, Inc., two Luxury Goods stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Tapestry owns Coach and Kate Spade handbags, Birkenstock makes premium sandals, two corners of accessible luxury with different price signatures. Tapestry is the larger house at $30.4B against Birkenstock's $8.2B, but Birkenstock keeps more of each sale, 17.72% of revenue against Tapestry's 8.44%. Birkenstock trades far cheaper on earnings, 20.18 times against Tapestry's 44.09. Tapestry converts more to free cash, a 5.77% yield against 3.56%, and pays a 0.96% dividend. Birkenstock carries no debt and trades at 2.72 times book. The handbag house wins on scale and cash conversion, the sandal maker on margin and a lower multiple to earnings.
Comparison updated 2026-07-11.
| Metric | BIRK | TPR |
|---|---|---|
| Price | $45.50 | $140.74 |
| Market cap | $8.4B | $29.3B |
| Sector | Luxury Goods | Luxury Goods |
| Stage | Mature | Mature |
| Implied growth (priced in) | +17.3% | +11.8% |
| P/E | 20.6 | 42.5 |
| P/B | 2.78 | 42.96 |
| P/S | 3.60 | 3.73 |
| EV/EBITDA | 11.0 | 29.1 |
| Revenue growth | +14.6% | +14.1% |
| Gross margin | 55.7% | 76.9% |
| Operating margin | 19.5% | 22.3% |
| Net margin | 17.7% | 8.4% |
| Return on equity | 13.7% | 97.1% |
| Return on assets | 7.7% | 10.3% |
| Return on invested capital | 14.9% | 23.9% |
| FCF yield | 3.5% | 6.0% |
| Dividend yield | — | 1.0% |
| Debt / equity | 0.00 | 3.51 |
| Current ratio | 3.13 | 1.84 |
| Altman Z (solvency) | 3.04 | 4.02 |
| Piotroski F (quality) | 4 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.