| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | — | 1 | 4 | 1 | — | 2 | — | 4 | 6 | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 257.60 | 246.97 | 234.85 | 186.81 |
| Receivables | 0.67 | — | — | — |
| Inventory | 130.55 | 97.90 | 118.37 | 132.21 |
| Other | 29.91 | — | — | — |
| 425.46 | 366.71 | 373.87 | 375.74 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 96.73 | 87.06 | 89.24 | 106.96 |
| ST’ Debt | 29.34 | — | — | — |
| Other | 19.13 | 11.95 | 9.27 | 9.32 |
| 238.11 | 203.55 | 206.23 | 250.73 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Oct | Jan | Apr | Jul | Year | |
|---|---|---|---|---|---|
| ’26 | 342.13 | 341.30 | 340.28 | — |
—
|
| ’25 | 318.82 | 312.11 | 325.02 | 311.23 |
1,267.17
|
| ’24 | 364.79 | 330.40 | 322.73 | 319.55 |
1,337.47
|
| ’23 | 443.74 | 400.62 | 383.42 | 364.74 |
1,592.52
|
| ’22 | 581.24 | 516.72 | 492.94 | 426.89 |
2,017.80
|
| ’21 | 490.42 | 504.09 | 535.59 | 571.16 |
2,101.26
|
| ’20 | 444.82 | 451.78 | 371.73 | 443.41 |
1,711.73
|
| Oct | Jan | Apr | Jul | Year | |
|---|---|---|---|---|---|
| ’26 | 10.91 | 7.32 | 11.77 | — |
—
|
| ’25 | 14.27 | (16.21) | 20.52 | 7.00 |
25.58
|
| ’24 | 20.56 | (22.29) | 21.74 | 8.20 |
28.21
|
| ’23 | (1.57) | 22.36 | 29.90 | 22.55 |
73.23
|
| ’22 | 141.66 | (16.72) | (30.48) | (19.24) |
75.22
|
| ’21 | 57.36 | (51.69) | (40.73) | 19.39 |
(15.67)
|
| ’20 | 27.52 | 10.72 | (58.73) | 63.37 |
42.88
|
| Oct | Jan | Apr | Jul | Year | |
|---|---|---|---|---|---|
| ’26 | 5.57 | 3.35 | 6.54 | — |
—
|
| ’25 | 9.95 | (19.44) | 16.00 | 2.78 |
9.28
|
| ’24 | 16.93 | (26.07) | 19.20 | 4.54 |
14.59
|
| ’23 | (7.46) | 16.85 | 27.27 | 18.55 |
55.21
|
| ’22 | 125.26 | (31.23) | (38.26) | (25.51) |
30.26
|
| ’21 | 51.37 | (59.60) | (50.52) | 7.82 |
(50.93)
|
| ’20 | 20.02 | 6.77 | (65.93) | 51.81 |
12.67
|
| Oct | Jan | Apr | Jul | Year | |
|---|---|---|---|---|---|
| ’26 | (0.05) | (0.05) | (0.06) | — |
—
|
| ’24 | (0.30) | (0.30) | (0.18) | (0.30) |
(1.07)
|
| ’23 | (0.50) | (0.58) | (0.19) | (0.24) |
(1.50)
|
| ’22 | (0.02) | (0.28) | (0.72) | (0.89) |
(1.90)
|
| ’21 | 0.09 | (0.20) | (0.18) | 0.19 |
(0.08)
|
| ’20 | 0.00 | 0.11 | (0.33) | (0.44) |
(0.66)
|
| ’19 | 0.10 | 0.12 | 0.07 | 0.07 |
0.36
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 2.63 | 2.78 | 2.06 | 2.60 | — | — | — |
Low Price
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.17 | 6.03 | 6.99 | 5.94 | — | — | — |
High Price
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,920 | 5,860 | 4,570 | 4,165 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.25 | 0.27 | 0.29 | 0.30 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,017.80 | 1,592.52 | 1,337.47 | 1,267.17 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.94% | 42.42% | 44.27% | 44.42% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (183.94) | (149.46) | (120.55) | (28.02) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.12%) | (9.39%) | (9.01%) | (2.21%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (181.60) | (150.34) | (118.88) | (28.84) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.71 | 42.12 | 44.49 | 26.12 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.55 | 13.89 | 11.13 | 9.84 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.90) | (1.50) | (1.07) | (0.22) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.69 | 0.64 | 0.23 | 0.20 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.41) | (0.16) | (0.11) | (0.13) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.28 | 0.48 | 0.12 | 0.07 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.97 | 2.16 | 1.56 | 1.58 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.76 | 114.69 | 120.21 | 128.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.37 | 0.42 | 0.48 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.98 | 2.37 | 3.03 | 3.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.29 | 0.30 | 0.35 | 0.41 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.65 | 8.75 | 31.91 | 56.10 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 75.22 | 73.23 | 28.21 | 25.58 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (44.96) | (18.02) | (13.61) | (16.29) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.26 | 55.21 | 14.59 | 9.28 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 181.68 | 187.35 | 163.16 | 167.65 | — | — | — |
Working Cap'
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 170.35 | 154.76 | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (42.64) | (102.84) | (246.97) | (234.85) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 322.65 | 247.31 | 187.02 | 202.98 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (26.16%) | (24.94%) | (23.40%) | (5.94%) | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (41.17%) | (67.18%) | 0.00% | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (52.87%) | (60.35%) | (59.33%) | (14.74%) | — | — | — |
ROE
|
Stitch Fix (SFIX) epitomizes the perils of pandemic hype in apparel: a subscription styling sensation that exploded from $700 million in 2016 revenue to $2.1 billion by 2021, only to crater 36% to $1.34 billion by 2024 amid inflation, thriftier consumers, and rivals like Amazon and Shein. The stock’s 95% plunge from 113 highs mirrors this unwind, with eroding equity, cumulative $500 million+ losses since 2020, and ROE at -59% screaming inefficient capital traps—despite headcount slashes boosting revenue per employee 73% via AI styling pivots.
Insiders aren’t buying the rebound narrative, dumping $16 million in shares over the past year with zero purchases, from the CFO to a director offloading millions— a unanimous vote of no confidence amid dilution and churn. Analysts whisper modest 3-4% growth to $1.42 billion by 2028 and near-breakeven losses, but sky-high PE multiples and a skimpy 0.4x PS ratio reflect skepticism, with targets implying just 64% upside at best.
As a contrarian, I see SFIX not as a value gem but a balance-sheet fortress under siege by no-moat realities and macro headwinds—prime for another 20-30% drop if spending falters. Efficiencies glimmer, yet persistent risks demand capital preservation over speculation. Dive deeper for the full dissection.
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