Reading the tape
NYSE: FIGS
FIGS, Inc.
Consumer Cyclical · Apparel - Manufacturers
Market Cap
$2.69B
52w High
$17.48
52w Low
$3.77
P/E
77.90
Volume
2.31M
Outstanding Shares
166.38M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 308.33%Revenue (TTM): 13.6%FCF (TTM): -17.37%P/FCF: 77th pct
What changed
The stock rose 308.33% over the last year. Revenue grew 13.6% over the trailing twelve months. Operating margin moved from 0.41% to 6.04%. Free cash flow declined 17.37% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (77th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 6.04% — continued expansion would be needed to justify the premium. Revenue growth of 13.6% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States.
CEOCatherine Eva Spear
SectorConsumer Cyclical
IndustryApparel - Manufacturers
Employees303
IPO dateMay 27, 2021
Valuation
Forward P/E—
EV/EBITDA32.63
Enterprise value$1.83B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth32.97%
Gross margin66.53%▼1.61%vs FY2024
Operating margin6.04%▲1382.60%vs FY2024
ROE7.83%▲985.54%vs FY2024
Analyst consensus
RatingBuy
Target price$11.70▼27.64%
8
Buy
5
Hold
2
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
Q2 FY26 · EPS est $0.01 · Revenue est $152.54M
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