Figs (FIGS) Gross Margin (2020 - 2026)
Figs (FIGS) posted quarterly Gross Margin of 67.73% for Q1 2026, up 11.0% year-over-year from 61.02% in Q1 2025, and up 7.61% quarter-over-quarter from 62.94% in Q4 2025.
Figs (FIGS) Gross Margin (2020 - 2026) Analysis & Trends
Figs (FIGS) has reported Gross Margin for 7 consecutive years, with 67.73% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 11.0% year-over-year to 67.73%; the TTM figure through Mar 2026 stood at 66.61% (down 74.0% YoY), while the FY2025 annual figure was 66.53%, down 109.0% from the prior year.
- Gross Margin advanced 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.
- Historically, Gross Margin has averaged 68.43% across 5 years, with a median of 68.22% in 2022.
- On a YoY basis, Gross Margin climbed as much as 287 bps in 2025 and fell as far as 437 bps in 2025.
- Figs' Gross Margin stood at 68.22% in 2022, then slipped by 1 bps to 67.53% in 2023, then fell by 0 bps to 67.31% in 2024, then decreased by 6 bps to 62.94% in 2025, then rose by 8 bps to 67.73% in 2026.
- Business Quant data shows FIGS's Gross Margin at 67.73% in Q1 2026, 62.94% in Q4 2025, and 69.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.54 Bn | 20.60 Bn | 1.44 Bn | 73.69% |
| 2 | Gildan Activewear | 10.46 Bn | 10.19 Bn | 459.76 Mn | 29.05% |
| 3 | Levi Strauss | 8.31 Bn | 7.33 Bn | 979.10 Mn | 62.68% |
| 4 | V F | 5.62 Bn | 4.95 Bn | 917.04 Mn | 54.93% |
| 5 | Kontoor Brands | 4.42 Bn | 4.36 Bn | 328.26 Mn | 56.18% |
| 6 | Pvh | 3.56 Bn | 2.97 Bn | 1.19 Bn | 58.57% |
| 7 | Ermenegildo Zegna | 3.55 Bn | 3.21 Bn | - | - |
| 8 | Columbia Sportswear | 3.08 Bn | 2.46 Bn | 358.43 Mn | 58.34% |
| 9 | Figs | 2.43 Bn | 2.13 Bn | 147.86 Mn | 75.20% |
| 10 | Under Armour | 2.20 Bn | 1.81 Bn | 593.83 Mn | 54.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.20% |
| 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% |