Zumiez Inc. (ZUMZ) intrinsic value & 10-year financials
Zumiez Inc. (ZUMZ) has a Graham intrinsic value of $1.48 per share. At $13.96 on Oct 17, 2026, the stock trades 843% above that value. Over the last 10 fiscal years revenue grew 1.2% a year to $929.1M, with an average return on invested capital of 5.9%.
- Graham intrinsic value
- $1.48
- Share price (Oct 17, 2026)
- $13.96
- Price vs Graham value
- 843% above
- Market cap
- $240.8M
- Revenue (FY2026)
- $929.1M
- Revenue growth (10-yr CAGR)
- 1.2%
- ROIC (10-yr avg)
- 5.9%
- Free cash flow (FY2026)
- $42.4M
ZUMZ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $929.1M | $13.4M | $0.78 | $42.4M | 1.8% | 2.7% |
| FY2025 | $889.2M | -$1.7M | -$0.09 | $5.7M | 0.2% | 0.2% |
| FY2024 | $875.5M | -$62.6M | -$3.25 | -$5.6M | -7.4% | -13.8% |
| FY2023 | $958.4M | $21.0M | $1.08 | -$26.0M | 3.2% | 3.8% |
| FY2022 | $1.2B | $119.3M | $4.85 | $119.2M | 13.3% | 18.3% |
| FY2021 | $990.7M | $76.2M | $3.00 | $129.4M | 9.8% | 10.1% |
| FY2020 | $1.0B | $66.9M | $2.62 | $86.8M | 8.3% | 9.0% |
| FY2019 | $978.6M | $45.2M | $1.79 | $44.3M | 6.2% | 11.7% |
| FY2018 | $927.4M | $26.8M | $1.08 | $41.5M | 5.3% | 8.1% |
| FY2017 | $836.3M | $25.9M | $1.04 | $28.1M | 4.8% | 8.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Zumiez Inc has demonstrated mature, steady growth, with revenue compounding at 1.2% annually over the past decade.
Zumiez Inc has historically struggled to out-earn its cost of capital, averaging just 5.9% ROIC.
Over the decade, Zumiez Inc shows that management has aggressively returned capital to shareholders by retiring 30.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Zumiez Inc is modeled at -3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.48 per share.