Warby Parker Inc. (WRBY) Key Metrics
WRBY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.89B
- Enterprise value
- $2.84B
- P/E (TTM)
- 389.0
- Forward P/E
- 54.3
- PEG ratio
- —
- Price / sales
- 3.2 10-yr median 3.1
- Price / book
- 7.4 10-yr median 7.4
- EV / EBITDA
- 51.7
- Dividend yield
- —
- Beta
- 1.90
WRBY key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWRBY valuation Price multiples at each fiscal year-end price.
WRBY returns How much profit the business earns on the capital it uses.
WRBY per-share figures Results divided by the shares outstanding at year-end.
WRBY financial health Debt, liquidity and how easily interest is covered.
WRBY efficiency & capital use Working capital cycle and where the cash goes.
WRBY valuation history
WRBY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WRBY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WRBY cash returned to shareholders
WRBY price vs earnings per share
WRBY key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $2.73B | $2.91B | $1.66B | $1.55B | $5.29B | — | — |
| Enterprise value | $2.67B | $2.89B | $1.61B | $1.52B | $5.09B | — | — |
| Price / sales | 3.1 | 3.8 | 2.5 | 2.6 | 9.8 | — | — |
| Price / book | 7.4 | 8.6 | 5.5 | 5.4 | 18.5 | — | — |
| Price / free cash flow | 62.3 | 84.0 | 226.1 | — | — | — | — |
| Price / operating cash flow | 24.6 | 29.5 | 27.1 | 149.5 | — | — | — |
| EV / sales | 3.1 | 3.7 | 2.4 | 2.5 | 9.4 | — | — |
| EV / EBITDA | 50.1 | 109.5 | — | — | — | — | — |
| EV / free cash flow | 61.1 | 83.1 | 220.3 | — | — | — | — |
| Earnings yield | 0.1% | −0.7% | −3.8% | −7.1% | −2.7% | — | — |
| Free cash flow yield | 1.6% | 1.2% | 0.4% | −3.2% | −1.5% | — | — |
| Dividend yield | — | — | — | — | 1.0% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | 0.0% | 1.1% | — | — |
| Share price at fiscal year-end | $21.79 | $24.21 | $14.10 | $13.49 | $46.56 | — | — |
| Per share | |||||||
| Revenue per share | $6.97 | $6.41 | $5.71 | $5.20 | $4.76 | $3.53 | $3.33 |
| Earnings per share | $0.01 | −$0.17 | −$0.54 | −$0.96 | −$1.27 | −$0.50 | −$0.52 |
| Operating cash flow per share | $0.89 | $0.82 | $0.52 | $0.09 | −$0.28 | $0.29 | $0.19 |
| Free cash flow per share | $0.35 | $0.29 | $0.06 | −$0.43 | −$0.71 | $0.11 | −$0.10 |
| Cash per share | $2.29 | $2.11 | $1.85 | $1.81 | $2.26 | $2.82 | $0.50 |
| Book value per share | $2.94 | $2.82 | $2.57 | $2.49 | $2.52 | $2.77 | $0.66 |
| Tangible book value per share | $2.94 | $2.82 | $2.47 | $2.40 | $2.44 | $2.74 | $0.63 |
| Dividends per share | — | — | — | — | $0.45 | — | $0.01 |
| Capex per share | $0.54 | $0.53 | $0.46 | $0.52 | $0.43 | $0.18 | $0.29 |
| Debt per share | $1.86 | $1.87 | $1.49 | $1.51 | $0.54 | $0.31 | $0.15 |
| Shares outstanding | 125.1M | 120.4M | 117.4M | 114.9M | 113.6M | 111.4M | 111.4M |
| Change in shares outstanding | +3.9% | +2.6% | +2.1% | +1.2% | +2.0% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 0.5% | −6.4% | −21.5% | −38.6% | −48.5% | −29.3% | −78.4% |
| Return on invested capital (ROIC) | −0.9% | −8.3% | −22.3% | −51.4% | −190.7% | −139.7% | −2.4% |
| Return on assets (ROA) | 0.2% | −3.2% | −11.0% | −21.9% | −32.6% | −18.0% | −32.7% |
| Return on tangible assets | 0.2% | −3.0% | −11.1% | −19.8% | −33.4% | −12.7% | −33.4% |
| Free cash flow margin | 5.0% | 4.5% | 1.1% | −8.3% | −14.9% | 3.2% | −3.0% |
| Income quality (OCF / net income) | 67.51 | — | — | — | — | — | — |
| Financial health | |||||||
| Total debt | $233.1M | $225.4M | $174.5M | $173.4M | $60.8M | $34.3M | $16.4M |
| Cash & short-term investments | $286.4M | $254.2M | $216.9M | $208.6M | $256.4M | $314.1M | $55.4M |
| Net debt | −$53.2M | −$28.8M | −$42.4M | −$35.2M | −$195.6M | −$279.8M | −$39.1M |
| Debt / equity | 0.63 | 0.66 | 0.58 | 0.60 | 0.21 | 0.11 | 0.22 |
| Debt / assets | 0.32 | 0.33 | 0.30 | 0.30 | 0.14 | 0.08 | 0.09 |
| Net debt / EBITDA | −1.00 | −1.09 | — | — | — | — | −3.04 |
| Current ratio | 2.35 | 2.50 | 2.35 | 2.27 | 2.78 | 3.42 | 1.21 |
| Quick ratio | 2.05 | 2.10 | 1.86 | 1.74 | 2.29 | 3.05 | 0.83 |
| Interest coverage | — | — | — | -85.1 | -414.0 | -573.5 | -0.9 |
| Working capital | $202.3M | $195.7M | $171.5M | $165.0M | $209.9M | $254.6M | $15.8M |
| Invested capital | $314.5M | $311.3M | $259.4M | $251.4M | $90.4M | $28.6M | $34.3M |
| Tangible asset value | $367.7M | $340.1M | $289.5M | $275.3M | $277.4M | $304.8M | $69.7M |
| Net current asset value | −$751,000 | −$10.4M | $20.1M | $12.5M | $173.3M | $223.6M | −$10.8M |
| Graham number | $0.93 | — | — | — | — | — | — |
| Graham net-net per share | −$0.34 | −$0.45 | −$0.25 | −$0.33 | $1.15 | $1.77 | −$0.29 |
| Capital allocation | |||||||
| Dividends paid | — | — | — | — | $51.6M | — | $887,000 |
| Share buybacks (net) | — | — | $0 | $0 | $8.1M | $8.1M | $79.5M |
| Dividends + buybacks / free cash flow | — | — | 0.0% | — | — | 63.7% | — |
| Capex / revenue | 7.7% | 8.3% | 8.0% | 10.1% | 9.0% | 5.1% | 8.8% |
| Capex / operating cash flow | 60.5% | 64.8% | 88.0% | 580.3% | — | 61.3% | 152.5% |
| Capex / depreciation | 1.33 | 1.40 | 1.39 | 1.89 | 2.22 | 1.09 | 2.25 |
| Stock-based compensation / revenue | 4.0% | 6.1% | 10.5% | 16.4% | 19.8% | 11.4% | 2.3% |
| SG&A / revenue | 54.6% | 57.1% | 62.9% | 75.6% | 85.3% | 73.0% | 60.7% |
| Efficiency | |||||||
| Days sales outstanding | 1.1 | 0.9 | 0.9 | 0.7 | 0.5 | 0.8 | 1.1 |
| Days of inventory on hand | 44.0 | 60.7 | 78.6 | 89.4 | 78.2 | 75.5 | 70.4 |
| Days payables outstanding | 25.2 | 24.4 | 25.9 | 36.7 | 58.6 | 88.1 | 92.4 |
| Cash conversion cycle (days) | 19.9 | 37.2 | 53.5 | 53.5 | 20.1 | -11.8 | -20.9 |
| Receivables turnover | 333.23 | 413.91 | 416.78 | 492.88 | 678.97 | 458.08 | 331.36 |
| Payables turnover | 14.46 | 14.99 | 14.08 | 9.95 | 6.22 | 4.14 | 3.95 |
| Inventory turnover | 8.29 | 6.01 | 4.65 | 4.08 | 4.67 | 4.84 | 5.18 |
| Asset turnover | 1.25 | 1.23 | 1.17 | 1.19 | 1.22 | 1.27 | 2.11 |
| Average receivables | $2.6M | $1.9M | $1.6M | $1.2M | $796,500 | $859,500 | $1.1M |
| Average payables | $27.7M | $23.0M | $21.6M | $25.8M | $35.8M | $39.0M | $37.3M |
| Average inventory | $48.4M | $57.3M | $65.5M | $63.0M | $47.8M | $33.5M | $28.4M |
| Intangibles / total assets | 0.0% | 0.0% | 2.1% | 2.0% | 2.0% | 0.8% | 2.1% |
Computed from WRBY'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.
WRBY valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 389.0 and the forward P/E is 54.3. Warby Parker earned a return on equity of 0.5% and a return on invested capital of −0.9% in fiscal 2025. It ended the year with $233.1 million of debt and $286.4 million in cash and short-term investments, a net cash position of $53.2 million. The share count rose 12.3% from 111.4M to 125.1M over 6 years.
See the WRBY income statement, the WRBY chart for price history, or the WRBY stock overview for the latest quote and news.
WRBY key metrics FAQ
What is Warby Parker's P/E ratio?
Warby Parker's trailing P/E ratio is 389.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 54.3. At the end of fiscal 2025 it was —.
What is Warby Parker's EV/EBITDA?
Warby Parker's enterprise value was 50.1 times EBITDA at the end of fiscal 2025 (enterprise value $2.7 billion, EBITDA $53.3 million); the current EV/EBITDA is 51.7.
What is Warby Parker's return on equity?
Warby Parker's return on equity (ROE) was 0.5% in fiscal 2025: net income of $1.6 million on average shareholders' equity of $353.9 million.
What is Warby Parker's ROIC?
Warby Parker's return on invested capital was −0.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Warby Parker have?
Warby Parker had total debt of $233.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.63 and more cash than debt.
What is Warby Parker's free cash flow yield?
Warby Parker generated $43.7 million of free cash flow in fiscal 2025, a free cash flow yield of 1.6% on its market value at year-end ($2.7 billion).
What is Warby Parker's current ratio?
Warby Parker's current ratio was 2.35 at the end of fiscal 2025: current assets were 2.35 times current liabilities.