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%-0.7pp	66.5%-1.1pp	68%+0.3pp	67.2%-0.8pp	67.4%-1.2pp
Operating margin	6.4%+6.1pp	6%+5.6pp	4.9%+3.5pp	1.8%-3.0pp	0.3%-5.4pp
Net margin	6.1%+5.9pp	5.4%+4.9pp	3%+1.1pp	1.3%-2.1pp	0.2%-3.9pp
EBITDA margin	8%+6.3pp	7.5%+5.9pp	6.3%+3.9pp	3.3%-2.1pp	1.7%-4.6pp
Free cash flow margin	5.9%-4.9pp	8.4%-3.1pp	3.8%-5.5pp	7%-7.2pp	10.9%-7.4pp
Returns
Return on equity	10%+9.7pp	8.4%+7.7pp	4.3%+1.5pp	1.8%-3.3pp	0.3%-5.9pp
Return on assets	7.5%+7.3pp	6.3%+5.7pp	3.2%+1.0pp	1.4%-2.6pp	0.2%-4.7pp
Return on invested capital	8.8%+8.6pp	7.3%+6.9pp	3.7%+2.0pp	1.4%-3.7pp	0.3%-7.1pp
Efficiency
Asset turnover	1.2×+0.1×	1.2×0.0×	1.1×0.0×	1.1×-0.1×	1.1×-0.1×
Inventory turnover	1.6×+0.2×	1.7×+0.2×	1.4×0.0×	1.5×+0.2×	1.4×+0.3×
Liquidity
Current ratio	5.4×+1.4×	4.9×+0.7×	4.8×+0.2×	5×-0.4×	4×-1.7×
Quick ratio	3.7×+1.0×	3.5×+0.6×	3.1×-0.2×	3.3×-0.6×	2.7×-1.2×
Cash ratio	0.9×0.0×	0.9×0.0×	0.5×-0.8×	0.6×-1.1×	0.9×-1.3×
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×+3.8×	-0.5×+3.2×	0.2×+5.4×	0×+2.5×	-4.1×-1.3×
Interest coverage	4.8×+4.7×	4.4×+4.2×	3.1×+2.4×	1×-1.6×	0.2×-3.5×
Per Share
Book value per share	$2.20-6.5%	$2.44+16.4%	$2.29-3.6%	$2.29+2.6%	$2.35+8.8%
Valuation
Market capitalization	$2.46B+229%	$1.87B+77.8%	$1.09B-6.3%	$928.17M+2.5%	$745.97M-11.6%
Enterprise value	$2.44B+246%	$1.85B+81.3%	$1.1B+0.2%	$929.01M+11.5%	$707.28M-5.2%
Price / earnings	60.5×-570×	54.6×-332×	62×-45.6×	129.2×+80.8×	630.6×+593×
Price / sales	3.7×+2.4×	3×+1.1×	1.9×-0.2×	1.6×0.0×	1.3×-0.2×
Price / book	5.7×+3.8×	4.3×+1.5×	2.6×-0.2×	2.3×+0.1×	2×-0.2×
EV / EBITDA	45.9×-28.9×	39.1×-74.5×	30.1×-52.7×	49.3×+21.2×	74.8×+53.1×
EV / sales	3.7×+2.4×	2.9×+1.1×	1.9×-0.1×	1.6×+0.1×	1.3×-0.1×
Free cash flow yield	1.6%-6.6pp	2.8%-3.3pp	2%-2.3pp	4.3%-4.4pp	8.2%-3.6pp
Earnings yield	1.7%+1.5pp	1.8%+1.6pp	1.6%+0.7pp	0.8%-1.3pp	0.2%-2.5pp

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.