Torrid Holdings Inc. (CURV) intrinsic value & 10-year financials
Torrid Holdings Inc. (CURV) has a Graham intrinsic value of $0.94 per share. At $2.35 on Oct 17, 2026, the stock trades 150% above that value. Over the last 8 fiscal years revenue shrank 0.6% a year to $1.0B, with an average return on invested capital of 16.1%.
- Graham intrinsic value
- $0.94
- Share price (Oct 17, 2026)
- $2.35
- Price vs Graham value
- 150% above
- Market cap
- $238.4M
- Revenue (FY2026)
- $1.0B
- Revenue growth (8-yr CAGR)
- -0.6%
- ROIC (10-yr avg)
- 16.1%
- Free cash flow (FY2026)
- -$21.9M
CURV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $1.0B | -$7.0M | -$0.07 | -$21.9M | 2.1% | 9.7% |
| FY2025 | $1.1B | $16.3M | $0.15 | $63.0M | 5.2% | 20.6% |
| FY2024 | $1.2B | $11.6M | $0.11 | $16.8M | 5.0% | 15.1% |
| FY2023 | $1.3B | $50.2M | $0.48 | $29.9M | 7.9% | 27.9% |
| FY2022 | $1.3B | -$29.9M | -$0.27 | $103.7M | 3.5% | 8.6% |
| FY2021 | $973.5M | $24.5M | $0.22 | $140.3M | 5.8% | 14.8% |
| FY2020 | $1.0B | $41.9M | $0.38 | $72.8M | 7.4% | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Torrid Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Torrid Holdings Inc. has earned high returns on invested capital, averaging 16.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Torrid Holdings 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, Torrid Holdings Inc. is modeled at -0.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.94 per share.