Kontoor Brands, Inc. KTB

Consumer DiscretionaryTextiles & ApparelUnited States of America

Last close 77.30 USD on Nov 2, 2026, +29.4% year to date

Quant rating

Quant rating A Rank 48 of 344 in Consumer Discretionary

Growth B 68 of 344
Valuation B 81 of 344
Quality B 56 of 344
Revisions B 132 of 344
Momentum B 119 of 344

Wall Street consensus Buy (2.09)Average target 97.44 USD +26.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.2B
Enterprise value: 5.3B
52-week range: 56.26 – 88.80
3-year range: 47.64 – 95.63
Dividend yield: 2.91%
Beta (5 years): 0.87
Shares outstanding: 54.7M
Next earnings: Nov 2, 2026

About the company

Kontoor Brands, Inc. is a global lifestyle apparel company. The Company designs, manufactures, procures, sells and licenses apparel, footwear and accessories. Its lifestyle, outdoor and workwear brands include Wrangler, Lee, and Helly Hansen. The Wrangler brand offers multiple sub-brands, collections and product lines within the Wrangler brand to target specific consumer demographics and consumer end-users, including 20X, Aura from the Women at Wrangler, Cowboy Cut, Premium Patch, Riggs Workwear, Rock 47, Rustler, Wrangler Retro, Wrangler Rugged Wear and Wrangler All Terrain Gear. The Lee segment offers denim, apparel, footwear and accessories for adults and children. The Lee brand offers multiple sub-brands, collections and product lines, including Lee101, Riders, Storm Rider, Lee MVP and Lee X. The Helly Hansen brand is an outdoor and workwear brand. Helly Hansen offers sub-brands, including Helly Hansen Sport and Helly Hansen Workwear.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,152	2,608	2,607	2,631	2,476	–
Revenue growth	20.9%	0.0%	−0.9%	6.3%	18.0%	8.5%
EPS (basic, normalized)	5.59	4.89	4.26	4.49	4.28	–
EPS growth	14.3%	14.8%	−5.1%	4.9%	–	–
Gross margin	46.6%	45.1%	41.9%	43.1%	44.7%	44.3%
Net margin	7.2%	9.4%	8.9%	9.3%	7.9%	8.5%
ROE	47.1%	63.7%	74.2%	123.1%	167.9%	95.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	58.5
Current ratio	1.83x
Long-term debt (mil)	1,127
Net debt (mil)	1,086
Total equity (mil)	619
Net debt / equity	1.76x
Net debt / EBITDA	2.13x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,152	+20.9%	1.7x	509	+22.1%	10.4x	5.59	+14.3%	13.8x
2026	2,704	−14.2%	2.0x	477	−6.2%	11.1x	5.30	−5.2%	14.6x
2027	2,821	+4.3%	1.9x	517	+8.2%	10.3x	6.73	+27.1%	11.5x
2028	2,929	+3.8%	1.8x	556	+7.6%	9.6x	7.84	+16.5%	9.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,704	+0.1%	+0.1%	−21.5%	5.30	+0.2%	+1.5%	−17.0%
2027	2,821	0.0%	−2.4%	−21.2%	6.73	−0.2%	+3.9%	−4.1%
2028	2,929	+0.1%	−3.3%	−20.2%	7.84	−1.0%	+4.9%	+4.4%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	631	607	670	699	623	658	853	1,018	613	584
Sales mean (mil)	609	596	664	698	626	635	856	979	782	605
Surprise	+3.6%	+1.8%	+1.0%	+0.3%	−0.5%	+3.7%	−0.3%	+4.0%	−21.6%	−3.5%
EPS reported	1.16	0.98	1.37	1.38	1.20	1.21	1.44	1.73	1.06	1.06
EPS mean	0.91	0.88	1.26	1.34	1.16	0.83	1.36	1.65	1.12	1.03
Surprise	+28.2%	+11.4%	+8.6%	+2.7%	+3.2%	+45.4%	+5.5%	+4.7%	−5.6%	+2.6%

Peer comparison Textiles & Apparel

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KTB Kontoor Brands, Inc.	4.2B	2.13x	7.2%	6.83x	14.6x	11.5x	11.1x	10.3x
NKE NIKE, Inc.	58.1B	−0.13x	6.7%	3.81x	30.8x	25.8x	18.3x	16.0x
ADSGn Adidas AG	33.6B	1.23x	5.4%	4.67x	18.1x	14.8x	9.6x	8.3x
RL Ralph Lauren Corporation	23.7B	−0.31x	11.6%	8.71x	21.0x	19.0x	13.5x	12.4x
DECK Deckers Outdoor Corporation	11.3B	−0.90x	18.7%	4.89x	10.9x	10.5x	7.4x	7.3x
ONON On Holding AG	11.9B	−1.22x	6.8%	5.08x	20.6x	17.6x	13.0x	10.8x
Mean		0.13x	9.4%	5.67x	19.3x	16.5x	12.1x	10.8x
Median		−0.22x	7.0%	4.99x	19.3x	16.2x	12.1x	10.5x

Technical analysis

1M+19.5%
3M−7.0%
1Y−1.6%
3Y+77.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Kontoor Brands, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,152	2,608	2,607	2,631	2,476	2,098
Cost of revenue	1,683	1,431	1,514	1,497	1,368	1,230
Gross profit	1,469	1,177	1,094	1,134	1,108	868
Selling, general & administrative expenses	998	795	759	778	824	719
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	135	40.0	15.7	–	1.0	25.4
Other operating expenses	0	0	0	0	0	0
Operating income	337	342	319	357	283	124
Net interest income (expense)	−49.5	−29.7	−36.6	−33.6	−37.4	−48.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	11.3	−11.2	−10.8	−4.0	−1.0	−2.5
Net income before taxes	299	301	272	319	245	72.9
Provision for taxes	71.2	55.6	40.9	73.6	49.2	11.2
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	227	246	231	245	195	61.8
Extraordinary items	–	–	–	–	–	6.2
Net income	227	246	231	245	195	67.9
EBIT, normalized	471	382	335	357	284	149
EBITDA, normalized	519	425	373	394	321	184
Basic EPS, normalized	5.59	4.89	4.26	4.49	4.28	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Kontoor Brands, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	108	334	215	59.2	185	248
Receivables	297	260	229	231	293	237
Total inventory	567	390	500	597	363	341
Prepaid expenses	109	79.8	99.9	–	–	–
Other current assets	0	0	0	95.3	69.5	75.6
Total current assets	1,081	1,064	1,044	982	911	902
Property, plant & equipment	272	150	167	155	160	179
Goodwill	531	209	210	210	212	213
Intangibles	509	78.9	90.9	99.0	100	88.5
Long-term investments	1.7	50.1	41.4	50.5	51.0	50.4
Note receivable	–	–	–	–	–	–
Other long-term assets	188	98.0	92.6	85.4	98.7	113
Total assets	2,583	1,651	1,645	1,582	1,533	1,546
Liabilities
Accounts payable	245	180	180	206	214	167
Payable/accrued	–	–	–	–	–	–
Accrued expenses	308	185	169	178	214	201
Short-term debt	0	0	0	7.3	0.2	1.1
Current portion of long-term debt	8.8	0	20.0	10.0	0	25.0
Other current liabilities	32.2	29.3	23.1	38.8	27.7	19.3
Total current liabilities	594	394	393	440	456	414
Long-term debt	1,135	740	764	783	791	888
Minority interest	–	–	–	–	–	–
Other liabilities	290	116	117	108	138	160
Total liabilities	2,018	1,250	1,274	1,332	1,385	1,461
Shareholders' equity
Preferred stock	0	0	–	–	–	–
Common stock	0	0	–	–	–	0
Additional paid-in capital	358	317	273	244	218	172
Retained earnings (accumulated deficit)	274	200	167	86.7	22.6	7.2
Treasury stock	–	–	–	–	–	–
Other equity	−67.5	−117	−67.9	−79.7	−92.8	−94.8
Total equity	565	400	372	251	148	84.6
Total liabilities & shareholders' equity	2,583	1,651	1,645	1,582	1,533	1,546

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Kontoor Brands, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	227	246	231	245	195	67.9
Depreciation, depletion & amortization	47.8	42.6	38.0	37.1	36.6	34.5
Deferred taxes	29.6	−6.7	−3.8	0.1	3.6	2.7
Non-cash items	19.0	27.0	21.3	21.3	47.9	33.2
Changes in working capital	132	59.5	70.0	−220	0.3	104
Cash from operations	456	368	357	83.6	284	242
Investing activities
Capital expenditures	−25.2	−22.1	−37.4	−28.4	−36.9	−62.4
Other investing cash flows	−874	−0.1	−1.8	−1.7	−2.5	13.3
Cash from investing	−899	−22.3	−39.1	−30.1	−39.4	−49.1
Financing activities
Financing cash flow items	−7.4	0	−7.3	6.9	−8.6	−4.3
Cash dividends paid	−116	−112	−109	−104	−95.1	−54.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	370	−128	−39.8	−74.2	−200	1.4
Cash from financing	247	−240	−156	−171	−304	−57.7
Foreign exchange effects	−29.5	13.4	−5.8	−8.7	−3.2	6.1
Net change in cash	−226	119	156	−126	−62.8	141
Free cash flow	431	346	319	55.2	247	180

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.