Honest Company, Inc. (HNST) intrinsic value & 10-year financials
Honest Company, Inc. (HNST) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 7.9% a year to $371.3M, with an average return on invested capital of 9.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $5.00
- Market cap
- $556.0M
- Revenue (FY2025)
- $371.3M
- Revenue growth (8-yr CAGR)
- 7.9%
- ROIC (10-yr avg)
- 9.4%
- Free cash flow (FY2025)
- $13.6M
HNST 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $371.3M | -$15.7M | -$0.14 | $13.6M | -5.0% | -18.7% |
| FY2024 | $378.3M | -$6.1M | -$0.06 | $1.0M | -1.7% | -5.6% |
| FY2023 | $344.4M | -$39.2M | -$0.42 | $17.5M | -11.3% | -27.9% |
| FY2022 | $313.7M | -$49.0M | -$0.53 | -$77.9M | -15.9% | -29.9% |
| FY2021 | $318.6M | -$38.7M | -$0.43 | -$38.4M | -11.6% | 127.6% |
| FY2020 | $300.5M | -$14.5M | -$0.21 | -$12.3M | -4.5% | 5.8% |
| FY2019 | $235.6M | -$31.1M | -$0.46 | -$20.7M | -13.4% | 14.3% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Honest Company, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Honest Company, Inc. has historically struggled to out-earn its cost of capital, averaging just -20.5% ROIC.
Honest Company, 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, Honest Company, Inc. is modeled at 7.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.93 per share.