Williams Sonoma Inc. (WSM) intrinsic value & 10-year financials
Williams Sonoma Inc. (WSM) has a Graham intrinsic value of $293.63 per share. At $250.16 on Oct 17, 2026, the stock trades 15% below that value. Over the last 10 fiscal years revenue grew 4.9% a year to $7.8B, with an average return on invested capital of 39.0%.
- Graham intrinsic value
- $293.63
- Share price (Oct 17, 2026)
- $250.16
- Price vs Graham value
- 15% below
- Market cap
- $30.8B
- Revenue (FY2026)
- $7.8B
- Revenue growth (10-yr CAGR)
- 4.9%
- ROIC (10-yr avg)
- 39.0%
- Free cash flow (FY2026)
- $1.1B
WSM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $7.8B | $1.1B | $8.84 | $1.1B | 18.1% | 48.9% |
| FY2025 | $7.7B | $1.1B | $8.79 | $1.1B | 18.5% | 53.3% |
| FY2024 | $7.8B | $949.8M | $7.28 | $1.5B | 16.1% | 40.6% |
| FY2023 | $8.7B | $1.1B | $8.16 | $698.7M | 17.3% | 50.9% |
| FY2022 | $8.2B | $1.1B | $7.38 | $1.1B | 17.6% | 61.7% |
| FY2021 | $6.8B | $680.7M | $4.30 | $1.1B | 13.4% | 34.9% |
| FY2020 | $5.9B | $356.1M | $2.25 | $421.0M | 7.9% | 21.9% |
| FY2019 | $5.7B | $333.7M | $2.02 | $395.9M | 7.7% | 30.4% |
| FY2018 | $5.3B | $259.5M | $1.51 | $310.0M | 8.6% | 23.4% |
| FY2017 | $5.1B | $305.4M | $1.71 | $327.3M | 9.3% | 24.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Williams-Sonoma, Inc. has demonstrated mature, steady growth, with revenue compounding at 4.9% annually over the past decade.
Williams-Sonoma, 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.
Over the decade, Williams-Sonoma, Inc. shows that management has aggressively returned capital to shareholders by retiring 31.2% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Williams-Sonoma, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $293.63 per share.