Revolve Group, Inc. (RVLV) intrinsic value & 10-year financials

Revolve Group, Inc. (RVLV) has a Graham intrinsic value of $28.57 per share. At $22.80 on Oct 17, 2026, the stock trades 20% below that value. Over the last 10 fiscal years revenue grew 15.0% a year to $1.2B, with an average return on invested capital of 39.0%.

Graham intrinsic value
$28.57
Share price (Oct 17, 2026)
$22.80
Price vs Graham value
20% below
Market cap
$1.6B
Revenue (FY2025)
$1.2B
Revenue growth (10-yr CAGR)
15.0%
ROIC (10-yr avg)
39.0%
Free cash flow (FY2025)
$48.0M

RVLV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.2B $61.7M $0.86 $48.0M 6.1% 24.3%
FY2024 $1.1B $49.6M $0.69 $21.0M 4.6% 20.2%
FY2023 $1.1B $28.1M $0.38 $39.1M 2.1% 9.8%
FY2022 $1.1B $58.7M $0.79 $18.3M 6.6% 42.3%
FY2021 $891.4M $99.8M $1.34 $60.1M 11.8% 98.7%
FY2020 $580.6M $56.8M $0.79 $71.4M 10.5% —
FY2019 $601.0M $35.7M -$0.09 $33.6M 8.0% —
FY2018 $498.7M $30.7M $0.44 $23.6M 8.4% —
FY2017 $399.6M $5.3M $0.08 $14.2M 5.1% —
FY2016 — — — — — —

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

Executive summary

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

Revolve Group, Inc. has earned high returns on invested capital, averaging 39.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Revolve Group, 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, Revolve Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $28.57 per share.

RVLV stock: frequently asked questions

What is the intrinsic value of Revolve Group, Inc. (RVLV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, RVLV's intrinsic value is about $28.57 per share.

Is RVLV stock undervalued?

At $22.80 (close on Oct 17, 2026), RVLV trades 20% below its Graham value of $28.57. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Revolve Group, Inc. generate free cash flow?

Revolve Group, Inc. generated $48.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 9 reported years.

What is RVLV's return on invested capital?

Average ROIC over the last 10 fiscal years was 39.0%, and average return on equity was 24.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RVLV data come from?

From Revolve Group, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar retail-catalog & mail-order houses stocks