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Direct-to-consumer eyewear brand selling glasses, sunglasses, contacts and eye exams online and in retail stores.
Direct-to-consumer eyewear brand selling glasses, sunglasses, contacts and eye exams online and in retail stores.
Designs its own frames and sells them with prescription lenses included in the price, mostly through its own stores, with the website and eye exams adding to each customer relationship. Owning design, lens-making and retail lets it keep the whole markup that traditional chains split with brands and wholesalers.
Moat: narrow (brand, distribution). Vertically integrated design-to-retail model and strong brand let it undercut traditional optical retail pricing.
Headquarters: New York, New York, US · Founded: 2010 · Employees: 4,036
Size Warby Parker (WRBY) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $3.15B, the 1511th largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.48 on 6 Nov 2026.
Performance Over six months the shares fell 13.8%, against +10.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +3.3%); the operating margin is 0.2% (peer median 8.5%).
Valuation It trades at 57.8× forward earnings against a peer median of 16.5× (2nd most expensive of 20).
Capital Return on invested capital runs 13.5 points below its cost of capital (14.0% WACC).
Short interest Short interest is 18.9% 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 | $912M | $872M | $771M | $670M | $598M |
| Revenue growth | — | +13% | +15% | +12% | — |
| Gross profit | $480M | $453M | $411M | $353M | $330M |
| EBITDA | $59.7M | $48.9M | $15.8M | -$33.4M | -$79.3M |
| Net income | $7.74M | $1.64M | -$20.4M | -$63.2M | -$110M |
| Free cash flow | $21.7M | $43.7M | $34.7M | $7.32M | -$49.8M |
| Capital expenditure | $73.6M | $67.0M | $64.0M | $53.7M | $60.2M |
| Total debt | $251M | $233M | $225M | $174M | $173M |
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 |
|---|---|---|---|---|---|---|
| Warby Parker WRBY | $3.15B | -14% | +11% | 0% | 57.8× | n/a |
| EssilorLuxottica EL.PA | $101B | +12% | +8% | 12% | 26.6× | 19.4% |
| National Vision EYE | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
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 | WRBY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | +12.5% | 5th lowest of 21 |
| 6-month return | -13.8% | +10.4% | 5th lowest of 20 |
| Distance from 52-week high | -17.8% | -19.5% | 11th highest of 21 |
| Revenue growth (TTM) | +11.0% | +3.3% | 8th highest of 21 |
| Operating margin | 0.2% | 8.5% | 2nd lowest of 21 |
| Forward P/E | 57.8× | 16.5× | 2nd most expensive of 20 |
| ROIC minus cost of capital | -13.5 pp | +2.0 pp | lowest of 21 |
| EV / EBITDA | 52.1× | 9.3× | most expensive of 20 |
| Net debt / EBITDA | -0.7× | 2.3× | least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Asbury Automotive ABG | United States | $3.64B | +1% | -1% | 5% | 7.6× | -2.4% | +20.3% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| Academy Sports and Outdoors ASO | United States | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% | +1.2% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| Bath & Body Works BBWI | United States | $4.31B | +8% | -2% | 15% | 8.3× | -8.8% | +2.5% |
| Signet Jewelers SIG | United States | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% | +5.4% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |