Stitch Fix, Inc. (SFIX) intrinsic value & 10-year financials
Stitch Fix, Inc. (SFIX) has a Graham intrinsic value of $6.56 per share. At $2.52 on Oct 17, 2026, the stock trades 62% below that value. Over the last 10 fiscal years revenue grew 6.3% a year to $1.3B, with an average return on invested capital of -15.8%.
- Graham intrinsic value
- $6.56
- Share price (Oct 17, 2026)
- $2.52
- Price vs Graham value
- 62% below
- Market cap
- $324.5M
- Revenue (FY2025)
- $1.3B
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- -15.8%
- Free cash flow (FY2025)
- $9.3M
SFIX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | -$28.7M | -$0.22 | $9.3M | -3.1% | -27.8% |
| FY2024 | $1.3B | -$128.8M | -$1.07 | $14.2M | -10.0% | -104.1% |
| FY2023 | $1.6B | -$172.0M | -$1.50 | $38.8M | -10.9% | -76.3% |
| FY2022 | $2.1B | -$207.1M | -$1.90 | $9.0M | -10.0% | -52.4% |
| FY2021 | $2.1B | -$8.9M | -$0.08 | -$50.9M | -3.0% | -7.5% |
| FY2020 | $1.7B | -$67.1M | -$0.66 | $12.7M | -3.0% | -13.0% |
| FY2019 | $1.6B | $36.9M | $0.36 | $47.8M | 1.5% | 6.6% |
| FY2018 | $1.2B | $44.9M | $0.34 | $55.6M | 3.5% | 18.7% |
| FY2017 | $977.1M | -$594.0K | -$0.02 | $21.5M | 3.2% | 28.3% |
| FY2016 | $730.3M | $33.2M | $0.34 | $29.9M | 8.8% | 69.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Stitch Fix, Inc. has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
Stitch Fix, Inc. has historically struggled to out-earn its cost of capital, averaging just -15.8% ROIC.
Stitch Fix, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Stitch Fix, Inc. is modeled at 6.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.56 per share.