Evolus, Inc. (EOLS) intrinsic value & 10-year financials

Evolus, Inc. (EOLS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 42.9% a year to $297.2M, with an average return on invested capital of -95.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$7.10
Market cap
$457.7M
Revenue (FY2025)
$297.2M
Revenue growth (10-yr CAGR)
42.9%
ROIC (10-yr avg)
-95.5%
Free cash flow (FY2025)
-$45.7M

EOLS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $297.2M -$51.6M -$0.80 -$45.7M -11.0% -53.4%
FY2024 $266.3M -$50.4M -$0.81 -$19.5M -12.9% -77.8%
FY2023 $202.1M -$61.7M -$1.08 -$34.5M -24.4% -124.1%
FY2022 $148.6M -$74.4M -$1.33 -$86.5M -44.0% -279.3%
FY2021 $99.7M -$46.8M -$0.94 -$33.8M -44.6% 54.4%
FY2020 $56.5M -$163.0M -$4.83 -$58.7M -270.7% 244.1%
FY2019 $34.9M -$90.0M — -$93.7M -283.3% -444.1%
FY2018 $0 -$46.9M — -$25.7M — -169.7%
FY2017 — -$4.5M — — — -9.3%
FY2016 — — — — — —

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

Executive summary

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

Evolus, Inc. has historically struggled to out-earn its cost of capital, averaging just -24.1% ROIC.

Evolus, 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, Evolus, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-26.57 per share.

EOLS stock: frequently asked questions

What is the intrinsic value of Evolus, Inc. (EOLS) stock?

Graham's formula only works with positive earnings. Evolus, Inc. reported diluted EPS of -$0.80 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Evolus, Inc. generate free cash flow?

Evolus, Inc. generated -$45.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is EOLS's return on invested capital?

Average ROIC over the last 10 fiscal years was -95.5%, and average return on equity was -54.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EOLS data come from?

From Evolus, 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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