FIGS vs Warby Parker
Warby Parker reported revenue of $872 million in fiscal 2025, 1.4 times FIGS's $631 million in fiscal 2025. FIGS's revenue grew 13.6% in its latest year, and Warby Parker's grew 13.0%. FIGS had an operating margin of 6.0%, against -0.6% at Warby Parker. Free cash flow was $53 million at FIGS and $44 million at Warby Parker.
Side by side
| FIGS | Warby Parker | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $631M | $872M |
| Revenue growth | 13.6% | 13.0% |
| Revenue growth a year, last 5 years | 19.1% | 17.2% |
| Gross margin | 66.5% | 54.0% |
| Operating margin | 6.0% | −0.6% |
| Net margin | 5.4% | 0.2% |
| Free cash flow | $53M | $44M |
| Free cash flow margin | 8.4% | 5.0% |
| Return on capital | — | −3.4% |
| Net debt to EBITDA | — | −6.4x |
| Dividends and buybacks | $3M | $0M |
| Change in diluted share count | −0.3% | 3.9% |
| Last close | $19.82 | $25.48 |
| P/E at the last close | 52.2× | — |
| Insider trades, last 12 months | — | sold $47.1 million |
| Piotroski F-score | — | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
FIGSWarby Parker
Operating margin
Percent of revenue
FIGSWarby Parker
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FIGSWarby Parker
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the FIGS and Warby Parker pages.