Cricut, Inc. (CRCT) intrinsic value & 10-year financials

Cricut, Inc. (CRCT) has a Graham intrinsic value of $7.40 per share. At $6.45 on Oct 17, 2026, the stock trades 13% below that value. Over the last 8 fiscal years revenue grew 6.5% a year to $708.8M, with an average return on invested capital of 45.5%.

Graham intrinsic value
$7.40
Share price (Oct 17, 2026)
$6.45
Price vs Graham value
13% below
Market cap
$1.4B
Revenue (FY2025)
$708.8M
Revenue growth (8-yr CAGR)
6.5%
ROIC (10-yr avg)
45.5%
Free cash flow (FY2025)
—

CRCT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $708.8M $76.7M $0.35 — 13.5% 40.0%
FY2024 $712.5M $62.8M $0.29 — 10.7% 16.6%
FY2023 $765.1M $53.6M $0.24 — 9.1% 10.9%
FY2022 $886.3M $60.7M $0.28 — 9.0% 13.0%
FY2021 $1.3B $140.5M $0.64 — 14.7% 50.6%
FY2020 $959.0M $154.6M $0.74 — 20.9% 145.8%
FY2019 $486.6M $39.2M $0.19 — 11.0% 41.6%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Cricut, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Cricut, Inc. has earned high returns on invested capital, averaging 46.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Cricut, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cricut, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.40 per share.

CRCT stock: frequently asked questions

What is the intrinsic value of Cricut, Inc. (CRCT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CRCT's intrinsic value is about $7.40 per share.

Is CRCT stock undervalued?

At $6.45 (close on Oct 17, 2026), CRCT trades 13% below its Graham value of $7.40. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is CRCT's return on invested capital?

Average ROIC over the last 8 fiscal years was 45.5%, and average return on equity was 29.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRCT data come from?

From Cricut, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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