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Sells premium medical scrubs and healthcare apparel direct to nurses, doctors and clinicians online.
Sells premium medical scrubs and healthcare apparel direct to nurses, doctors and clinicians online.
Sells mostly through its own website and app, so it keeps the retail margin and holds direct customer data; revenue depends on repeat purchases by clinicians and on marketing spend to attract new ones.
Moat: narrow (brand, network effects). First mover in fashion-forward scrubs with strong community and influencer-driven brand loyalty.
Headquarters: Santa Monica, California, US · Founded: 2013 · Employees: 388
Size FIGS (FIGS) is a United States Consumer Discretionary company (Apparel/Footwear) with a market value of $3.29B, the 1483rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.82 on 6 Nov 2026.
Performance Over six months the shares gained 36.7%, against +3.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 24.7% over the last twelve months (peer median +2.8%); the operating margin is 9.6% (peer median 8.7%).
Valuation It trades at 54.0× forward earnings against a peer median of 14.6× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 16.4 points above its cost of capital (10.1% WACC).
Short interest Short interest is 12.7% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $710M | $631M | $556M | $546M | $506M |
| Revenue growth | — | +14% | +2% | +8% | — |
| Gross profit | $479M | $411M | $369M | $371M | $350M |
| EBITDA | $78.9M | $47.2M | $8.96M | $39.9M | $42.0M |
| Net income | $61.9M | $34.2M | $2.72M | $22.6M | $21.2M |
| Free cash flow | $97.2M | $53.0M | $64.1M | $84.6M | -$40.7M |
| Capital expenditure | $10.8M | $8.17M | $17.0M | $16.3M | $5.35M |
| Total debt | $57.7M | $60.0M | $53.0M | $47.1M | $19.2M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| FIGS FIGS | $3.29B | +37% | +25% | 10% | 54.0× | 25.5% |
| Vestis VSTS | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FIGS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +32.3% | +7.5% | highest of 21 |
| 6-month return | +36.7% | +3.6% | 2nd highest of 21 |
| Distance from 52-week high | -11.7% | -13.0% | 10th highest of 21 |
| Revenue growth (TTM) | +24.7% | +2.8% | highest of 21 |
| Operating margin | 9.6% | 8.7% | 10th highest of 21 |
| Forward P/E | 54.0× | 14.6× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 25.5% | 1.7% | 3rd most demanding of 17 |
| Growth delivered (Del g) | +19.1% | +6.2% | highest of 17 |
| Hurdle (Req g minus delivered) | +6.4 pp | -7.7 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | +16.4 pp | +5.6 pp | 4th highest of 21 |
| EV / EBITDA | 38.7× | 9.6× | most expensive of 15 |
| Net debt / EBITDA | -3.0× | 0.8× | 2nd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FIGS FIGS | United States | $3.29B | +37% | +25% | 10% | 54.0× | 25.5% | +19.1% |
| Columbia Sportswear COLM | United States | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% | +6.3% |
| Crystal International 2232.HK | Hong Kong | $2.92B | +23% | +4% | 10% | 11.4× | -5.3% | +6.0% |
| Hugo Boss BOSS.DE | Germany | $2.90B | +8% | -5% | 8% | 15.4× | -6.6% | +17.0% |
| Steven Madden SHOO | United States | $2.89B | -3% | +18% | 9% | 17.5× | 5.9% | +16.1% |
| Eclat Textile 1476.TW | Taiwan | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% | +6.2% |
| Star Shine 1440.HK | Hong Kong | $2.85B | +34% | -33% | -3% | n/a | n/a | n/a |
| Yue Yuen Industrial (Holdings) 0551.HK | Hong Kong | $2.75B | -7% | -3% | 3% | 13.6× | 2.4% | -0.9% |
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |
| Page Industries PAGEIND.NS | India | $4.22B | -4% | +8% | 19% | 46.8× | 27.7% | +13.1% |
| BIEM.L.FDLKK Garment 002832.SZ | China | $2.46B | +42% | +23% | 15% | 20.4× | 0.0% | +13.3% |
| Puma PUM.DE | Germany | $4.42B | +4% | -19% | -6% | n/a | n/a | n/a |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
| Zhejiang Semir Garment 002563.SZ | China | $2.42B | -1% | +4% | 7% | 14.8× | -8.1% | -0.1% |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| Youngone 111770.KS | South Korea | $2.27B | -13% | +15% | 14% | 5.5× | n/a | n/a |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Under Armour UA | United States | $2.23B | -19% | -3% | 1% | 83.9× | n/a | n/a |
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |