ARHSNasdaqRetail-Furniture StoresFiscal year ends December 31
Arhaus, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$10.23+0.30 (+3.02%)
Close on Oct 19, 2026
- Market cap
- $1.45B
- P/E (TTM)
- 20.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
38.9%−0.4 pts over 5 years
Operating margin
6.4%+0.4 pts over 5 years
Net margin
4.9%+3.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | +3.9% | +22.1% | – | |
| Gross profit | +7.0% | +0.7% | +21.9% | – | |
| Operating income | +2.2% | -21.6% | +23.5% | – | |
| Net income | -1.9% | -21.0% | +61.7% | – | |
| EPS, diluted | -2.0% | -21.2% | +74.1% | – | |
| Free cash flow | +48.4% | +39.3% | -15.3% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -17.9% | 17.7% | |
| Return on assets | – | – | 5.2% | |
| Current ratio | – | 0.90 | 1.37 | |
| Interest coverage | – | 2.4× | – | |
| Inventory turnover | – | – | 2.7× | |
| Capex to revenue | – | 2.6% | 5.6% | |
| Diluted shares | – | 112M | 141M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Arhaus generated $671.45M from operations and spent $447.94M on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$671.45M
Used
$447.94M
Capital expenditure$377.32M84%Dividends$70.62M16%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.9%
×Asset turnover1.06×
×Equity multiplier3.41×
=Return on equity, FY202517.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.9% | 1.06× | 3.41× | 17.7% |
| FY2024 | 5.4% | 1.10× | 3.38× | 20.0% |
| FY2023 | 9.7% | 1.26× | 3.72× | 45.5% |
| FY2022 | 11.1% | 1.61× | 5.46× | 97.8% |
| FY2021 | 2.6% | 1.75× | 25.74× | 119.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$67.26M
- Cash generatingOperating cash flow above zero$136.85M
- Return on assets improvedROA up on the prior year6.2% → 5.6%
- Earnings backed by cashOperating cash flow above net income$136.85M vs $67.26M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.32 → 1.37
- No dilutionShare count did not rise141M → 141M
- Gross margin improvedGross margin up on the prior year39.43% → 38.89%
- More efficientAsset turnover rose1.15 → 1.14