What are FIGS's profit margins?

FIGS (FIGS) runs a 66.6% gross margin and a 6.4% operating margin, with a 6.1% net margin.

Where do FIGS's ratios come from?

Every ratio is computed from FIGS's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

FIGS FIGS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	66.6%+0.1pp	66.5%-1.5pp	68%+0.7pp	67.2%-0.1pp	67.4%-0.3pp
Operating margin	6.4%+0.4pp	6%+1.2pp	4.9%+3.1pp	1.8%+1.5pp	0.3%-0.1pp
Net margin	6.1%+0.7pp	5.4%+2.4pp	3%+1.8pp	1.3%+1.1pp	0.2%-0.3pp
EBITDA margin	8%+0.5pp	7.5%+1.2pp	6.3%+3.0pp	3.3%+1.6pp	1.7%+0.1pp
Free cash flow margin	5.9%-2.5pp	8.4%+4.6pp	3.8%-3.2pp	7%-3.9pp	10.9%-0.7pp
Returns
Return on equity	10%+1.6pp	8.4%+4.1pp	4.3%+2.5pp	1.8%+1.5pp	0.3%-0.4pp
Return on assets	7.5%+1.2pp	6.3%+3.0pp	3.2%+1.9pp	1.4%+1.1pp	0.2%-0.3pp
Return on invested capital	8.8%+1.6pp	7.3%+3.5pp	3.7%+2.4pp	1.4%+1.1pp	0.3%-0.1pp
Efficiency
Asset turnover	1.2×+0.1×	1.2×+0.1×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Inventory turnover	1.6×-0.1×	1.7×+0.4×	1.4×-0.1×	1.5×+0.1×	1.4×-0.1×
Liquidity
Current ratio	5.4×+0.4×	4.9×+0.1×	4.8×-0.2×	5×+1.1×	4×-0.3×
Quick ratio	3.7×+0.1×	3.5×+0.4×	3.1×-0.2×	3.3×+0.6×	2.7×-0.3×
Cash ratio	0.9×0.0×	0.9×+0.4×	0.5×-0.1×	0.6×-0.2×	0.9×-0.1×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-0.3×+0.2×	-0.5×-0.7×	0.2×+0.2×	0×+4.1×	-4.1×-0.5×
Interest coverage	4.8×+0.4×	4.4×+1.3×	3.1×+2.1×	1×+0.9×	0.2×0.0×
Per Share
Book value per share	$2.20-9.9%	$2.44+6.7%	$2.29-0.3%	$2.29-2.4%	$2.35+12.1%
Valuation
Market capitalization	$2.46B+31.5%	$1.87B+71.1%	$1.09B+17.7%	$928.17M+24.4%	$745.97M-29.0%
Enterprise value	$2.44B+32.3%	$1.85B+67.9%	$1.1B+18.4%	$929.01M+31.3%	$707.28M-30.6%
Price / earnings	60.5×+5.9×	54.6×-7.4×	62×-67.3×	129.2×-501×	630.6×+244×
Price / sales	3.7×+0.7×	3×+1.1×	1.9×+0.3×	1.6×+0.3×	1.3×-0.6×
Price / book	5.7×+1.4×	4.3×+1.6×	2.6×+0.3×	2.3×+0.4×	2×-0.8×
EV / EBITDA	45.9×+6.7×	39.1×+9.1×	30.1×-19.2×	49.3×-25.5×	74.8×-38.9×
EV / sales	3.7×+0.7×	2.9×+1.0×	1.9×+0.3×	1.6×+0.4×	1.3×-0.6×
Free cash flow yield	1.6%-1.2pp	2.8%+0.8pp	2%-2.3pp	4.3%-3.9pp	8.2%+2.1pp
Earnings yield	1.7%-0.2pp	1.8%+0.2pp	1.6%+0.8pp	0.8%+0.6pp	0.2%-0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are FIGS's profit margins?: FIGS (FIGS) runs a 66.6% gross margin and a 6.4% operating margin, with a 6.1% net margin.
Where do FIGS's ratios come from?: Every ratio is computed from FIGS's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.