FIGS, Inc. (FIGS) vs Under Armour, Inc. (UA)

FIGS, Inc. and Under Armour, Inc. are both Apparel Manufacturing companies. FIGS, Inc. and Under Armour, Inc. are of similar size ($2.1B and $1.9B). Under Armour, Inc. has negative trailing earnings, so its P/E is not meaningful; FIGS, Inc. trades at 36.3×. FIGS, Inc. grew revenue faster over the last twelve months: 24.7% against −3.61%. FIGS, Inc. has the higher net margin (8.72% vs −9.99%) and the higher return on invested capital (29.2% vs −4.61%). Across the 19 metrics below, FIGS, Inc. leads on 15 and Under Armour, Inc. on 4.

Valuation

Metric FIGS UA Apparel Manufacturing median
P/E 36.27 n/m 17.21
P/S 3.15 0.38 0.44
P/B 5.05 1.31 1.58
Price to free cash flow 22.98 n/m 9.18
EV/EBITDA 25.20 n/m 8.64
EV/Sales 2.73 0.54 0.54
Earnings yield 2.76% (26.29%) 0.00%
Free cash flow yield 4.35% (4.34%) 9.25%

Profitability

Metric FIGS UA Apparel Manufacturing median
Gross margin 68.91% 46.78% 48.31%
Operating margin 9.60% (2.43%) 2.46%
Net margin 8.72% (9.99%) (0.46%)
Free cash flow margin 13.69% (1.65%) 5.26%
Return on equity 14.76% (29.82%) 4.29%
Return on assets 11.26% (10.99%) 0.00%
Return on invested capital 29.17% (4.61%) 0.00%

Growth

Metric FIGS UA Apparel Manufacturing median
Revenue growth (TTM) 24.67% (3.61%) 0.02%
EPS growth (last fiscal year) 1,158.28% (146.81%) —
Revenue growth, 5-year CAGR 19.12% (2.66%) 6.76%
Net income growth, 5-year CAGR (7.20%) 0.00% 0.00%

Health

Metric FIGS UA Apparel Manufacturing median
Debt to equity 0.00 0.41 0.23
Current ratio 4.96 1.81 1.81
Net debt to EBITDA (6.92) (5.45) (0.43)

Dividend

Metric FIGS UA Apparel Manufacturing median
Dividend yield — — 2.76%
Payout ratio 0.00 0.00 0.07

Size

Metric FIGS UA Apparel Manufacturing median
Market cap 2.07b 1.92b 402.31m

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