The business behind the dividend
| Measure | OXM | Median | Formula |
|---|---|---|---|
| Return on equity | -5.4% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | -5.0% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $-70.33m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $11.31m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | -2.1% | 14.3% | Operating income ÷ revenue |
| Net margin | -1.9% | 10.1% | Net income ÷ revenue |
| Debt to equity | 0.23x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | 1.10x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 4.29x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -11.3% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Interest cover — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | -5.4% | 14.9% | 10.8% | 29.8% | 25.9% | -23.6% | 13.0% | 13.9% | 15.1% | 13.9% | 13.9% |
| Return on capital employed | -5.0% | 18.2% | 13.7% | 32.4% | — | — | — | 18.4% | 18.1% | 19.2% | 18.2% |
| Operating margin | -2.1% | 7.8% | 5.2% | 15.5% | 14.5% | -16.5% | 8.3% | 8.2% | 7.9% | 8.8% | 7.9% |
| Net margin | -1.9% | 6.1% | 3.9% | 11.7% | 11.5% | -12.8% | 6.1% | 6.0% | 6.0% | 5.1% | 6.0% |
| Debt to equity | 0.23x | 0.05x | 0.05x | 0.21x | — | — | — | 0.03x | 0.11x | 0.24x | 0.11x |
| Current ratio | 1.10x | 1.18x | 1.22x | 1.23x | 1.77x | 1.32x | 1.62x | 1.90x | 1.75x | 1.76x | 1.32x |
| Cash conversion | — | 2.09x | 4.02x | 0.76x | 1.51x | — | 1.78x | 1.45x | 1.82x | 2.26x | 1.82x |
How it compares in consumer discretionary
Among the 169 consumer discretionary companies here measured on free cash flow, Oxford Industries pays out less than 1 of them. The median for that group is 33.1%, against this company’s 372.6%.
Closest on free cash flow
- Park Hotels & Resorts (PK) 274.5%
- Arcos Dorados Holdings (ARCO) 337.2%
- Whirlpool (WHR) 370.4%
- National CineMedia (NCMI) 407.1%
Same sector and same denominator, so the figures are comparable. All 197 in consumer discretionary →