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← CockpitCompetitor Analysis › HNST Honest Company, Inc.Open in the cockpit ↗

Honest Company, Inc.HNSTCompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Specialty Stores
Momentum leader 90
Mkt cap
$501M
US dollars, full cap
Free float
84%
of shares outstanding
$/day
$10.9M
20-day average traded
Fwd P/E
75.7×
forward earnings
ROIC−WACC
-26.0 pp
WACC 17.0%
Hurdle
-0 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · USD$4.67
1D+5.2%
1W+12.0%
1M-6.0%
3M+25.5%
6M+41.1%
YTD+81.0%
1Y+27.2%
ATR %5.7%
Beta1.06
52w lowhigh22.3% off high

What Honest does

Employees: 174

Honest at a glance

Size Honest (HNST) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $501M, the 2697th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.67 on 6 Nov 2026.

Performance Over six months the shares gained 41.1%, against +1.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue fell 12.3% over the last twelve months (peer median +6.3%); the operating margin is -2.4% (peer median 3.1%).

Valuation It trades at 75.7× forward earnings against a peer median of 12.7× (most expensive of 14).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -0 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 26.0 points below its cost of capital (17.0% WACC).

Short interest Short interest is 8.8% of the free float (15 Oct 2026).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012515017511 May 202611 Aug 20266 Nov 2026HNST 133Peer median 102
Six months, rebased to 100: Honest against the median of its 20 peers (local-currency closes).

Honest financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$342M$371M$378M$345M$314M
Revenue growth—-2%+10%+10%—
Gross profit$124M$122M$143M$103M$90.6M
EBITDA$1.36M-$2.29M$16.3M-$18.6M-$37.7M
Net income-$12.2M-$15.7M-$6.12M-$39.2M-$49.0M
Free cash flow$52.7M$13.6M$1.01M$17.5M-$77.9M
Capital expenditure$3.87M$1.51M$530,000$1.85M$1.62M
Total debt$9.51M$14.0M$21.7M$29.9M$37.6M

Quarterly statements and history in the cockpit →

Honest competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%+40%5WJ300736TPWWAKEFITC41CWH6008302247ACQ0178DPABHUSHANMATAS6683BHGEVGOBNEDHNST6-month return →1-month return →
Up and to the right = strong over both horizons. Honest is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%25×50×75×5WJTPWWAKEFITCWH2247ACQ0178MATASBHGMUSTIMEGPHNSTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Honest is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%TPWWAKEFITC41CWH22470178MATASBHGMUSTIMEGPHNSTGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Honest is the large dot.

Honest competitors and peer comparison

How Honest compares with its peers

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.

Honest against its 20 peers (data as of 6 Nov 2026)
MeasureHNSTPeer medianRank in peer set
1-month return-6.0%+1.7%4th lowest of 21
6-month return+41.1%+1.6%3rd highest of 20
Distance from 52-week high-22.3%-28.6%6th highest of 21
Revenue growth (TTM)-12.3%+6.3%4th lowest of 21
Operating margin-2.4%3.1%4th lowest of 21
Forward P/E75.7×12.7×most expensive of 14
Growth the price implies (Req g, 7 yrs)3.8%4.7%7th least demanding of 14
Growth delivered (Del g)+4.3%+10.5%4th lowest of 13
Hurdle (Req g minus delivered)-0.5 pp-0.3 pp7th least demanding of 13
ROIC minus cost of capital-26.0 pp-2.2 pp2nd lowest of 21
Net debt / EBITDA-71.0×2.2×least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Honest HNSTUnited States$501M+41%-12%-2%75.7×3.8%+4.3%
MoneyMax Financial Services 5WJ.SISingapore$499M-56%+39%26%6.3×n/an/a
BYBON 300736.SZChina$495M-4%-36%-8%n/an/an/a
Temple & Webster TPW.AXAustralia$494M+23%+11%1%44.3×48.2%+15.3%
Wakefit Innovations WAKEFIT.NSIndia$484M+4%+17%6%40.9×31.0%+22.4%
Cortina C41.SISingapore$519M+6%+9%10%n/a-16.5%+17.5%
Outlet OUTLT.OLNorway$481Mn/a+12%15%n/a-5.1%n/a
Camping World CWHUnited States$474M-39%-6%2%25.8×19.5%+3.2%
Sunny Loan Top 600830.SSChina$531M-21%+11%35%n/an/an/a
Pan German Universal Motors 2247.TWTaiwan$532M+2%-22%3%8.4×-8.1%+5.4%
AutoCanada ACQ.TOCanada$468M+26%0%2%13.9×n/an/a
Sa Sa International 0178.HKHong Kong$536M+47%+11%5%12.7×3.1%+7.6%
D. P. Abhushan DPABHUSHAN.NSIndia$468M+79%+31%8%n/an/an/a
Matas A/S MATAS.CODenmark$542M-19%+4%6%8.6×-1.0%+16.1%
Star Plus Legend 6683.HKHong Kong$460M-30%-48%-52%n/an/an/a
BHG BHG.STSweden$450M+8%+7%3%17.2×7.6%+3.4%
Musti MUSTI.HEFinland$558M-9%-8%1%11.4×40.3%+12.3%
ME Group International MEGP.LUnited Kingdom$568M-17%+1%25%8.3×-11.6%+11.1%
EVgo EVGOUnited States$576M-7%+31%-27%n/an/an/a
Barnes & Noble Education BNEDUnited States$436M+20%+5%3%13.2×7.6%+3.6%
Tokmanni TOKMAN.HEFinland$431M+5%+4%3%10.6×4.7%+10.0%

Questions

Which companies are Honest's closest peers?
The cockpit's peer set: MoneyMax Financial Services (5WJ.SI), BYBON (300736.SZ), Temple & Webster (TPW.AX), Wakefit Innovations (WAKEFIT.NS), Cortina (C41.SI), Outlet (OUTLT.OL), Camping World (CWH), Sunny Loan Top (600830.SS).
Is Honest expensive compared with its peers?
On forward p/e it trades at 75.7× against a peer median of 12.7×, most expensive of 14 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -0 pp: the price already allows for a slowdown.
How has Honest stock performed?
Over six months to 6 Nov 2026 the shares returned +41.1% against +1.6% for the median peer; over one year +27.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.