Saturday 17 October 2026
Export FIGS’s income statement to Excel — free account
FIGS, Inc.
FIGS Consumer Cyclical Apparel Manufacturing
FIGS, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $631.1 million, up 13.6% from fiscal 2024. In the quarter to June 2026, revenue grew 28.8%, EPS grew 325.0% and free cash flow grew 427.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
19.15
0.39
−2.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 22.04 | 5.55 | 5.16 | 4.30 | 3.57 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 50.40 | 27.82 | 10.20 | 7.06 | 12.35 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 202 | 264 | 313 | 354 | 316 | 388 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 1.30 | 1.59 | 1.62 | 1.54 | 1.76 | 1.63 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 110 | 263 | 420 | 506 | 546 | 556 | 631 | ||||
| Gross margin, % | — | — | — | 71.80 | 72.30 | 71.79 | 70.07 | 69.09 | 67.61 | 66.53 | |||||
| EBT | — | — | — | 0 | 58 | 10 | 39 | 41 | 14 | 47 | |||||
| EBT margin, % | — | — | — | 0.10 | 22.07 | 2.35 | 7.66 | 7.48 | 2.58 | 7.48 | |||||
| Net income | — | 0 | — | 0 | 50 | (10) | 21 | 23 | 3 | 34 | |||||
| Depreciation | — | — | — | 1 | 1 | 1 | 2 | 1 | 0 | 5 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.72 | 1.72 | 2.64 | 3.06 | 3.25 | 3.28 | 3.86 | ||||
| Earnings | — | — | — | 0.00 | 0.32 | (0.06) | 0.13 | 0.13 | 0.02 | 0.21 | |||||
| Cash flow | — | — | — | 0.04 | 0.14 | 0.42 | (0.21) | 0.60 | 0.48 | 0.37 | |||||
| Capex | — | — | — | (0.03) | (0.01) | (0.02) | (0.03) | (0.10) | (0.10) | (0.05) | |||||
| Free cash flow | — | — | — | 0.01 | 0.13 | 0.40 | (0.25) | 0.50 | 0.38 | 0.32 | |||||
| Book value | — | — | — | 0.25 | 0.64 | 1.54 | 1.86 | 2.24 | 2.23 | 2.68 | |||||
| Shares, m | — | — | — | 153 | 153 | 159 | 165 | 168 | 169 | 163 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 80.81 | 80.81 | 0.00 | 60.42 | 47.79 | 375.15 | 56.97 | ||||
| P/S | — | — | — | 14.58 | 14.58 | 10.46 | 2.37 | 2.06 | 1.89 | 2.94 | |||||
| P/B | — | — | — | 40.59 | 40.59 | 17.86 | 3.89 | 2.98 | 2.78 | 4.24 | |||||
| EV/Sales | — | — | — | 14.34 | 14.34 | 9.98 | 2.05 | 1.61 | 1.44 | 2.47 | |||||
| EV/FCF | — | — | — | 123.83 | 123.83 | 65.74 | (25.53) | 10.38 | 12.51 | 29.36 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 7 | 22 | 66 | (35) | 101 | 81 | 61 | ||||
| Capex | — | — | — | (5) | (2) | (3) | (5) | (16) | (17) | (8) | |||||
| Free cash flow | — | — | — | 2 | 19 | 64 | (41) | 85 | 64 | 53 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 36 | 88 | 231 | 285 | 328 | 293 | 357 | ||||
| Total debt | — | — | — | — | — | — | 19 | — | — | — | |||||
| Net debt | — | — | — | (38) | (58) | (197) | (160) | (247) | (245) | (301) | |||||
| Shareholders’ equity | — | — | — | 39 | 98 | 246 | 308 | 377 | 377 | 437 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.36 | 50.66 | (4.29) | 5.99 | 5.21 | 0.55 | 6.29 | ||||
| ROIC | — | — | — | (47.04) | 91.58 | 14.26 | 15.91 | 16.35 | 1.07 | 17.45 | |||||
| ROE | — | — | — | 0.16 | 72.91 | (5.57) | 7.66 | 6.61 | 0.72 | 8.41 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
FIGS, Inc. vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LEVI Levi Strauss & Co. | $7.9B | 13.5× | 14.7× | +4.30% (above 0%: growing) | −20.60% (below 0%: shrinking) | +212.72% (above 0%: growing) | 66.21% | 13.81% | Compare |
| VFC V.F. Corporation | $6.7B | 23.7× | 15.8× | −5.18% (below 0%: shrinking) | n/m | +50.99% (above 0%: growing) | 54.93% | (4.98%) | Compare |
| ZGN Ermenegildo Zegna N.V. | $5.7B | — (loss-making) | 32.9× | — | n/m | +56.38% (above 0%: growing) | 55.40% | 0.00% | Compare |
| KTB Kontoor Brands, Inc. | $4.0B | 15.1× | 13.2× | +18.61% (above 0%: growing) | −11.28% (below 0%: shrinking) | +104.36% (above 0%: growing) | 56.18% | 15.49% | Compare |
| PVH PVH Corp. | $3.9B | — (loss-making) | 6.4× | −3.24% (below 0%: shrinking) | n/m | +111.16% (above 0%: growing) | 63.03% | (9.10%) | Compare |
| FIGS FIGS, Inc. | $3.3B | 51.8× | 45.7× | +28.81% (above 0%: growing) | +325.00% (above 0%: growing) | +427.35% (above 0%: growing) | 75.20% | 17.93% | |
| COLM Columbia Sportswear Company | $3.1B | 15.6× | 16.7× | +1.51% (above 0%: growing) | n/m | +324.26% (above 0%: growing) | 58.34% | 5.03% | Compare |
| UA Under Armour, Inc. | $2.1B | — (loss-making) | — | −3.19% (below 0%: shrinking) | n/m | +600.79% (above 0%: growing) | 54.09% | 4.26% | Compare |
| UAA Under Armour, Inc. | $2.1B | — (loss-making) | 59.6× | −3.19% (below 0%: shrinking) | n/m | +600.79% (above 0%: growing) | 54.09% | 4.26% | Compare |
| Median of peers | $4.0B | 15.4× | 15.8× | −3.19% | — | +161.94% | 55.79% | 4.26% |
FIGS, Inc. (FIGS) key facts
- Strength: FIGS, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $631.1 million, up 13.6% from fiscal 2024.
- FIGS, Inc. (FIGS) is an Apparel Manufacturing company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 16, 2026, FIGS traded at $19.15, a market capitalization of $3.3 billion.
- Return on equity was 8.41% and debt-to-equity 0.00.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 10.10 (safe zone) for fiscal 2025.