Figs (FIGS) Gross Margin (2020 - 2026)
Figs (FIGS) reported Gross Margin of 67.73% for Q1 2026, up 11.0% year-over-year from 61.02% in Q1 2025, and up 7.61% on a QoQ basis from 62.94% in Q4 2025.
Figs (FIGS) has 7 years of Gross Margin data on file, last reported at 67.73% in Q1 2026.
- Quarterly Gross Margin rose 11.0% year-over-year to 67.73% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 66.61% (down 74.0% YoY) and the FY2025 annual result came in at 66.53%, down 109.0% from the prior year.
- Gross Margin rose to 67.73% in Q1 2026 per FIGS's latest filing, from 62.94% in the prior quarter.
- Across five years, Gross Margin topped out at 71.26% in Q1 2023 and bottomed at 62.94% in Q4 2025.
- The 5-year median for Gross Margin is 68.22% (2022), against an average of 68.43%.
- Peak annual rise in Gross Margin reached 287 bps in 2025, while the deepest fall reached 437 bps in 2025.
- Tracing FIGS's Gross Margin over 5 years: stood at 68.22% in 2022, then fell by 1 bps to 67.53% in 2023, then slipped by 0 bps to 67.31% in 2024, then declined by 6 bps to 62.94% in 2025, then climbed by 8 bps to 67.73% in 2026.
- Per Business Quant, the three latest FIGS Gross Margin figures stand at 67.73% (Q1 2026), 62.94% (Q4 2025), and 69.94% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.42 Bn | 20.35 Bn | 1.38 Bn | 69.68% |
| 2 | Levi Strauss | 9.03 Bn | 8.22 Bn | 1.08 Bn | 61.88% |
| 3 | V F | 6.53 Bn | 6.32 Bn | 1.22 Bn | 56.41% |
| 4 | Pvh | 4.49 Bn | 3.79 Bn | 1.44 Bn | 57.61% |
| 5 | Kontoor Brands | 3.96 Bn | 3.85 Bn | 470.76 Mn | 46.24% |
| 6 | Columbia Sportswear | 3.46 Bn | 2.93 Bn | 394.96 Mn | 50.70% |
| 7 | Under Armour | 2.29 Bn | 1.38 Bn | 492.04 Mn | 42.01% |
| 8 | Figs | 1.95 Bn | 1.68 Bn | 108.30 Mn | 67.73% |
| 9 | G Iii Apparel | 1.38 Bn | 969.37 Mn | 285.48 Mn | 37.00% |
| 10 | Canada Goose Holdings | 710.16 Mn | 412.34 Mn | -268.86 Mn | 71.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.73% |
| Dec 31, 2025 | 62.94% |
| Sep 30, 2025 | 69.94% |
| Jun 30, 2025 | 66.99% |
| Mar 31, 2025 | 67.62% |
| Dec 31, 2024 | 67.31% |
| Sep 30, 2024 | 67.06% |
| Jun 30, 2024 | 67.44% |
| Mar 31, 2024 | 68.85% |
| Dec 31, 2023 | 67.53% |
| Sep 30, 2023 | 68.41% |
| Jun 30, 2023 | 69.52% |
| Mar 31, 2023 | 71.26% |
| Dec 31, 2022 | 68.22% |
| Sep 30, 2022 | 70.64% |
| Jun 30, 2022 | 70.63% |
| Mar 31, 2022 | 71.24% |
| Dec 31, 2021 | 69.93% |
| Sep 30, 2021 | 72.74% |
| Jun 30, 2021 | 73.33% |
| Mar 31, 2021 | 71.61% |
| Dec 31, 2020 | 71.02% |
| Sep 30, 2020 | 73.73% |
| Jun 30, 2020 | 70.50% |