Warby Parker Inc.

WRBY Healthcare Medical Instruments & Supplies

Warby Parker Inc.’s revenue for fiscal 2025 (year ended December 2025) was $871.9 million, up 13.0% from fiscal 2024.

Revenue
+10.4%
EPS
−20.0%
Free cash flow
−30.3%

Quarter to September 2026, against a year earlier

26.05 4.76 +22.36%
Market cap
$3.2B
P/E
434×
Fwd P/E
208×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.64
Dividend safety
n/a

Warby Parker Inc. (WRBY) Free cash flow margin

Alert me on Free cash flow margin

Warby Parker Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 2.28%, down 2.7 percentage points from fiscal 2025 (5.02%). Over the past ten years it has ranged from −14.9% (fiscal 2021) to 5.02% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Medical Instruments & Supplies industry median of 2.36% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 5.02% 0.52
FY2024 4.50% 3.41
FY2023 1.09% 9.42
FY2022 −8.33% 6.56
FY2021 −14.9% (18.11)
FY2020 3.22% 6.25
FY2019 −3.03% —

Against its own ten years

Low −14.9% High 5.02%
Ten-year median 1.09%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
LMAT LeMaitre Vascular, Inc. compare 24.9%
ICUI ICU Medical, Inc. compare 12.5%
ATRC AtriCure, Inc. compare 8.98%
XRAY DENTSPLY SIRONA Inc. compare 7.61%
WRBY Warby Parker Inc. 2.28%
AZTA Azenta, Inc. compare 1.61%
STVN Stevanato Group S.p.A. compare −0.61%
KMTS Kestra Medical Technologies, Ltd. compare −115.3%
PLSE Pulse Biosciences, Inc compare −14,462.5%
Medical Instruments & Supplies industry median 2.36%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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