HNSTNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
Honest Company, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$4.97−0.03 (-0.60%)
Close on Oct 19, 2026
- Market cap
- $562.14M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
33.3%−2.6 pts over 5 years
Operating margin
-5.0%−0.5 pts over 5 years
Net margin
-4.2%+0.6 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 | -1.9% | +5.8% | +4.3% | – | |
| Gross profit | -14.4% | +10.3% | +2.8% | – | |
| Free cash flow | +1246.3% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 6.2% | -9.1% | |
| Return on assets | – | – | -6.6% | |
| Current ratio | – | 3.21 | 3.98 | |
| Inventory turnover | – | – | 3.1× | |
| Capex to revenue | – | 0.1% | 0.4% | |
| Diluted shares | – | 34M | 111M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Honest generated $150.44M from operations and spent $40.72M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$150.44M
Used
$40.72M
Capital expenditure$5.72M14%Dividends$35.00M86%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.2%
×Asset turnover1.57×
×Equity multiplier1.37×
=Return on equity, FY2025-9.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.2% | 1.57× | 1.37× | -9.1% |
| FY2024 | -1.6% | 1.69× | 1.51× | -4.1% |
| FY2023 | -11.4% | 1.56× | 1.64× | -29.1% |
| FY2022 | -15.6% | 1.22× | 1.58× | -30.1% |
| FY2021 | -12.1% | 1.24× | -8.89× | 134.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$15.69M
- Cash generatingOperating cash flow above zero$15.12M
- Return on assets improvedROA up on the prior year-3.0% → -6.3%
- Earnings backed by cashOperating cash flow above net income$15.12M vs -$15.69M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.57 → 3.98
- No dilutionShare count did not rise100M → 111M
- Gross margin improvedGross margin up on the prior year38.23% → 33.33%
- More efficientAsset turnover rose1.88 → 1.50