Groupon, Inc. (GRPN) intrinsic value & 10-year financials
Groupon, Inc. (GRPN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 18.1% a year to $498.4M, with an average return on invested capital of 18.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $16.57
- Market cap
- $667.8M
- Revenue (FY2025)
- $498.4M
- Revenue growth (10-yr CAGR)
- -18.1%
- ROIC (10-yr avg)
- 18.5%
- Free cash flow (FY2025)
- $49.9M
GRPN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $498.4M | -$83.5M | -$2.08 | $49.9M | 4.7% | 68.5% |
| FY2024 | $492.6M | -$59.0M | -$1.51 | $40.6M | 1.8% | -23.3% |
| FY2023 | $514.9M | -$55.4M | -$1.77 | -$97.3M | -3.5% | 11.2% |
| FY2022 | $599.1M | -$237.6M | -$7.88 | -$172.2M | -28.0% | 105.3% |
| FY2021 | $967.1M | $118.7M | $3.68 | -$173.6M | -0.5% | 1.6% |
| FY2020 | $1.4B | -$287.9M | -$10.07 | -$112.3M | -19.6% | 78.0% |
| FY2019 | $2.2B | -$22.4M | -$0.04 | $4.0M | 1.8% | -11.6% |
| FY2018 | $2.6B | -$11.1M | -$0.02 | $121.2M | 2.0% | -11.1% |
| FY2017 | $2.8B | $14.0M | $0.02 | $75.9M | 1.0% | 7.4% |
| FY2016 | $3.0B | -$194.6M | -$0.34 | $48.2M | -3.6% | -41.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Groupon, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Groupon, Inc. has earned high returns on invested capital, averaging 27.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Groupon, Inc. shows that management has aggressively returned capital to shareholders by retiring 93.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Groupon, Inc. is modeled at -18.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-88.07 per share.