FIGS, Inc. (FIGS) intrinsic value & 10-year financials
FIGS, Inc. (FIGS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 33.7% a year to $631.1M, with an average return on invested capital of 14.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $19.12
- Market cap
- $3.4B
- Revenue (FY2025)
- $631.1M
- Revenue growth (8-yr CAGR)
- 33.7%
- ROIC (10-yr avg)
- 14.8%
- Free cash flow (FY2025)
- $53.0M
FIGS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $631.1M | $34.2M | $0.19 | $53.0M | 6.0% | 7.5% |
| FY2024 | $555.6M | $2.7M | $0.02 | $64.1M | 0.4% | 0.4% |
| FY2023 | $545.6M | $22.6M | $0.12 | $84.6M | 6.2% | 8.7% |
| FY2022 | $505.8M | $21.2M | $0.11 | -$40.7M | 7.4% | 12.6% |
| FY2021 | $419.6M | -$9.6M | -$0.06 | $63.7M | 2.6% | 3.2% |
| FY2020 | $263.1M | $49.8M | $0.30 | $19.5M | 22.0% | 72.7% |
| FY2019 | $110.5M | $112.0K | $0.00 | $1.8M | -0.3% | -1.1% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FIGS, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
FIGS, Inc. returns on capital have been average, hovering around 14.8% ROIC over the decade.
FIGS, 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, FIGS, Inc. is modeled at -8.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.47 per share.