FIGSNYSEApparel & Other Finishd Prods of Fabrics & Similar MatlFiscal year ends December 31
FIGS, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$19.45+0.33 (+1.73%)
Close on Oct 19, 2026
- Market cap
- $3.80B
- P/E (TTM)
- 58.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
66.5%−5.8 pts over 5 years
Operating margin
6.0%−16.0 pts over 5 years
Net margin
5.4%−13.5 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 | +13.6% | +7.7% | +19.1% | – | |
| Gross profit | +11.8% | +5.8% | +17.2% | – | |
| Operating income | +1584.2% | +0.4% | -8.0% | – | |
| Net income | +1159.2% | +17.4% | -7.2% | – | |
| EPS, diluted | +850.0% | +20.0% | -8.7% | – | |
| Free cash flow | -17.4% | – | +22.2% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 72.9% | 8.4% | |
| Return on assets | – | – | 6.3% | |
| Current ratio | – | 3.70 | 4.94 | |
| Inventory turnover | – | – | 1.7× | |
| Capex to revenue | – | 0.9% | 1.3% | |
| Diluted shares | – | 163M | 179M |
Where the cash went
Fiscal 2021 to 2025, five years combined
FIGS generated $345.01M from operations and spent $97.74M on capital expenditure, dividends and share buybacks. 51% of that went back into the business.
Generated
$345.01M
Used
$97.74M
Capital expenditure$49.60M51%Dividends$00%Share buybacks$48.14M49%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.4%
×Asset turnover1.16×
×Equity multiplier1.34×
=Return on equity, FY20258.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 1.16× | 1.34× | 8.4% |
| FY2024 | 0.5% | 1.13× | 1.30× | 0.7% |
| FY2023 | 4.1% | 1.26× | 1.27× | 6.6% |
| FY2022 | 4.2% | 1.43× | 1.28× | 7.7% |
| FY2021 | -2.3% | 1.88× | 1.30× | -5.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$34.25M
- Cash generatingOperating cash flow above zero$61.17M
- Return on assets improvedROA up on the prior year0.6% → 6.7%
- Earnings backed by cashOperating cash flow above net income$61.17M vs $34.25M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.25 → 4.94
- No dilutionShare count did not rise180M → 179M
- Gross margin improvedGross margin up on the prior year67.61% → 66.53%
- More efficientAsset turnover rose1.17 → 1.24