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Tapestry vs Tandy Leather Factory: TPR and TLF compared
Tapestry is the larger company: $1.9B of revenue in its latest quarter (Q1 FY27) against $18.0M for Tandy Leather Factory (Q2 2026). Tapestry is growing faster (+11% against +2% a year earlier). Tapestry is more profitable, with an operating margin of 22.4% against 3.0%.
Where the money goes: TPR and TLF
Tapestry (TPR) · Q1 FY27
Tapestry, Q1 FY27: revenue $1.9B (+11% year over year), operating margin 22.4%, net earnings $360M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
Tandy Leather Factory (TLF) · Q2 2026
Tandy Leather Factory, Q2 2026: revenue $18.0M (+2% year over year), operating margin 3.0%, net earnings $409K, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Tapestry (TPR) | Tandy Leather Factory (TLF) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $1.9B | $18.0M |
| Revenue growth, Y/Y | +11% | +2% |
| Gross margin | 78.6% | 64.8% |
| Operating margin | 22.4% | 3.0% |
| Net earnings | $360M | $409K |
| Net margin | 19.0% | 2.3% |
| Operating cash flow | $197M | −$3.3M |
| Free cash flow | $149M | — |
| Market value | $27.6B | — |
| P/E | 17.1× | — |
| Analysts’ mean target | $163.79 | — |
Where the revenue comes from
Tapestry
- Coach: $1.7B (88%)
- Kate Spade: $233M (12%)
Questions
Which is bigger, Tapestry or Tandy Leather Factory?
Tapestry is the larger company: $1.9B of revenue in its latest quarter (Q1 FY27) against $18.0M for Tandy Leather Factory (Q2 2026).
Is Tapestry or Tandy Leather Factory growing faster?
Tapestry is growing faster (+11% against +2% a year earlier).
Which is more profitable, Tapestry or Tandy Leather Factory?
Tapestry is more profitable, with an operating margin of 22.4% against 3.0%.
More: Tapestry earnings · how Tapestry makes money · Tandy Leather Factory earnings · how Tandy Leather Factory makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.