FIGS, Inc. (FIGS) Key Metrics
FIGS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.18B
- Enterprise value
- $1.75B
- P/E (TTM)
- 57.9 10-yr median 59.6
- Forward P/E
- 31.5
- PEG ratio
- —
- Price / sales
- 4.5 10-yr median 2.5
- Price / book
- 4.5 10-yr median 4.1
- EV / EBITDA
- 22.2 10-yr median 32.0
- Dividend yield
- —
- Beta
- 1.07
FIGS key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFIGS valuation Price multiples at each fiscal year-end price.
FIGS returns How much profit the business earns on the capital it uses.
FIGS per-share figures Results divided by the shares outstanding at year-end.
FIGS financial health Debt, liquidity and how easily interest is covered.
FIGS efficiency & capital use Working capital cycle and where the cash goes.
FIGS valuation history
FIGS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FIGS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FIGS cash returned to shareholders
FIGS price vs earnings per share
FIGS key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $2.04B | $1.11B | $1.27B | $1.26B | $4.53B | — | — |
| Enterprise value | $1.80B | $922.7M | $1.07B | $1.12B | $4.35B | — | — |
| P/E ratio | 59.5 | 409.9 | 56.0 | 59.6 | — | — | — |
| Price / sales | 3.2 | 2.0 | 2.3 | 2.5 | 10.8 | — | — |
| Price / book | 4.7 | 3.0 | 3.4 | 4.1 | 18.4 | — | — |
| Price / free cash flow | 38.5 | 17.4 | 15.0 | — | 71.0 | — | — |
| Price / operating cash flow | 33.3 | 13.7 | 12.6 | — | 68.1 | — | — |
| EV / sales | 2.8 | 1.7 | 2.0 | 2.2 | 10.4 | — | — |
| EV / EBITDA | 32.0 | 43.9 | 24.4 | 27.6 | 377.7 | — | — |
| EV / free cash flow | 33.9 | 14.4 | 12.6 | — | 68.3 | — | — |
| Earnings yield | 1.7% | 0.2% | 1.8% | 1.7% | −0.2% | — | — |
| Free cash flow yield | 2.6% | 5.8% | 6.7% | −3.2% | 1.4% | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | 4.1% | 0.0% | 0.0% | 0.5% | — | — |
| Share price at fiscal year-end | $11.36 | $6.19 | $6.95 | $6.73 | $27.56 | — | — |
| Per share | |||||||
| Revenue per share | $3.52 | $3.08 | $2.99 | $2.70 | $2.55 | $1.64 | $0.69 |
| Earnings per share | $0.19 | $0.02 | $0.12 | $0.11 | −$0.06 | $0.31 | $0.00 |
| Operating cash flow per share | $0.34 | $0.45 | $0.55 | −$0.19 | $0.40 | $0.14 | $0.04 |
| Free cash flow per share | $0.30 | $0.36 | $0.46 | −$0.22 | $0.39 | $0.12 | $0.01 |
| Cash per share | $1.68 | $1.36 | $1.35 | $0.85 | $1.19 | $0.36 | $0.24 |
| Book value per share | $2.44 | $2.09 | $2.07 | $1.64 | $1.50 | $0.61 | $0.24 |
| Tangible book value per share | $2.44 | $2.09 | $2.07 | $1.64 | $1.50 | $0.61 | $0.24 |
| Capex per share | $0.05 | $0.09 | $0.09 | $0.03 | $0.02 | $0.01 | $0.03 |
| Debt per share | $0.33 | $0.29 | $0.26 | $0.10 | $0.12 | $0.10 | $0.05 |
| Shares outstanding | 179.5M | 180.1M | 182.4M | 187.5M | 164.3M | 160.9M | 160.9M |
| Change in shares outstanding | −0.3% | −1.3% | −2.7% | +14.2% | +2.1% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 8.4% | 0.7% | 6.6% | 7.7% | −5.6% | 72.9% | 0.3% |
| Return on invested capital (ROIC) | 14.5% | 0.6% | 11.0% | 17.3% | 8.7% | 154.8% | −3.9% |
| Return on assets (ROA) | 6.3% | 0.6% | 5.2% | 6.0% | −4.3% | 50.7% | 0.2% |
| Return on tangible assets | 5.9% | 0.5% | 4.8% | 5.4% | −3.1% | 37.2% | 0.2% |
| Free cash flow margin | 8.4% | 11.5% | 15.5% | −8.0% | 15.2% | 7.4% | 1.6% |
| Income quality (OCF / net income) | 1.79 | 29.84 | 4.46 | −1.67 | — | 0.44 | 58.31 |
| Financial health | |||||||
| Total debt | $60.0M | $53.0M | $47.1M | $19.2M | $20.3M | $15.8M | $8.4M |
| Cash & short-term investments | $300.8M | $245.1M | $246.7M | $159.8M | $195.4M | $58.1M | $38.4M |
| Net debt | −$240.8M | −$192.1M | −$199.6M | −$140.6M | −$175.1M | −$42.4M | −$30.0M |
| Debt / equity | 0.14 | 0.14 | 0.13 | 0.06 | 0.08 | 0.16 | 0.22 |
| Debt / assets | 0.10 | 0.10 | 0.10 | 0.05 | 0.07 | 0.12 | 0.13 |
| Net debt / EBITDA | −4.28 | −9.13 | −4.56 | −3.46 | −15.20 | −0.72 | −176.44 |
| Current ratio | 4.94 | 4.25 | 6.73 | 4.99 | 4.70 | 3.70 | 2.70 |
| Quick ratio | 3.53 | 2.96 | 4.65 | 2.50 | 3.32 | 2.17 | 2.02 |
| Interest coverage | — | — | 5.0 | 35.5 | 46.0 | 426.0 | — |
| Working capital | $356.8M | $292.6M | $328.4M | $285.1M | $230.9M | $87.8M | $35.5M |
| Invested capital | $196.6M | $185.0M | $177.3M | $167.1M | $70.5M | $55.3M | $8.8M |
| Tangible asset value | $437.5M | $377.1M | $376.9M | $307.7M | $245.6M | $97.7M | $38.8M |
| Net current asset value | $304.8M | $250.1M | $289.3M | $269.2M | $227.2M | $84.1M | $32.6M |
| Graham number | $3.23 | $0.84 | $2.40 | $2.04 | — | $2.06 | $0.06 |
| Graham net-net per share | $1.26 | $0.98 | $1.18 | $0.89 | $1.06 | $0.32 | $0.14 |
| Capital allocation | |||||||
| Share buybacks (net) | $2.7M | $45.5M | $246,000 | $0 | $21.6M | — | — |
| Dividends + buybacks / free cash flow | 5.1% | 70.9% | 0.3% | — | 33.8% | — | — |
| Capex / revenue | 1.3% | 3.1% | 3.0% | 1.1% | 0.6% | 0.9% | 4.3% |
| Capex / operating cash flow | 13.4% | 21.0% | 16.2% | — | 4.1% | 10.4% | 72.9% |
| Capex / depreciation | 0.90 | 2.54 | 5.56 | 2.78 | 1.90 | 2.39 | 9.21 |
| Stock-based compensation / revenue | 4.3% | 7.7% | 8.4% | 7.4% | 19.3% | 3.3% | 0.2% |
| SG&A / revenue | 45.7% | 67.2% | 62.8% | 62.6% | 69.2% | 50.3% | 72.1% |
| Efficiency | |||||||
| Days sales outstanding | 4.3 | 5.3 | 4.8 | 3.4 | 3.6 | 5.2 | 5.8 |
| Days of inventory on hand | 210.5 | 238.1 | 321.3 | 318.3 | 209.4 | 160.3 | 167.5 |
| Days payables outstanding | 23.8 | 24.5 | 38.6 | 42.8 | 41.0 | 56.3 | 123.3 |
| Cash conversion cycle (days) | 191.0 | 218.9 | 287.6 | 278.9 | 172.0 | 109.3 | 50.1 |
| Receivables turnover | 84.73 | 69.04 | 76.13 | 108.70 | 102.08 | 69.81 | 62.85 |
| Payables turnover | 15.32 | 14.90 | 9.46 | 8.53 | 8.91 | 6.48 | 2.96 |
| Inventory turnover | 1.73 | 1.53 | 1.14 | 1.15 | 1.74 | 2.28 | 2.18 |
| Asset turnover | 1.16 | 1.13 | 1.26 | 1.43 | 1.88 | 2.68 | 1.77 |
| Average receivables | $7.4M | $8.0M | $7.2M | $4.7M | $4.1M | $3.8M | $1.8M |
| Average payables | $13.8M | $12.1M | $17.8M | $17.8M | $13.3M | $11.2M | $10.5M |
| Average inventory | $121.9M | $117.4M | $148.5M | $132.0M | $67.9M | $32.0M | $14.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FIGS's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FIGS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), FIGS traded at 59.5 times earnings, against a 7-year median of 59.6. Based on the latest twelve months, the trailing P/E is 57.9 and the forward P/E is 31.5. FIGS earned a return on equity of 8.4% and a return on invested capital of 14.5% in fiscal 2025. It ended the year with $60.0 million of debt and $300.8 million in cash and short-term investments, a net cash position of $240.8 million. It returned $2.7 million to shareholders: $0 in dividends and $2.7 million in share buybacks, 5% of free cash flow. The share count rose 11.6% from 160.9M to 179.5M over 6 years.
See the FIGS income statement, the FIGS chart for price history, or the FIGS stock overview for the latest quote and news.
FIGS key metrics FAQ
What is FIGS's P/E ratio?
FIGS's trailing P/E ratio is 57.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 31.5. At the end of fiscal 2025 it was 59.5, compared with a 7-year median of 59.6.
What is FIGS's EV/EBITDA?
FIGS's enterprise value was 32.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $56.2 million); the current EV/EBITDA is 22.2.
What is FIGS's return on equity?
FIGS's return on equity (ROE) was 8.4% in fiscal 2025: net income of $34.2 million on average shareholders' equity of $407.3 million.
What is FIGS's ROIC?
FIGS's return on invested capital was 14.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FIGS have?
FIGS had total debt of $60.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.14 and more cash than debt.
Does FIGS buy back its shares?
Yes. FIGS spent $2.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 179.5M..
What is FIGS's free cash flow yield?
FIGS generated $53.0 million of free cash flow in fiscal 2025, a free cash flow yield of 2.6% on its market value at year-end ($2.0 billion).
What is FIGS's current ratio?
FIGS's current ratio was 4.94 at the end of fiscal 2025: current assets were 4.94 times current liabilities.