Figs (FIGS) Net Margin (2020 - 2026)
Figs' Net Margin was 14.43% in Q2 2026, up 9.78 percentage points from 4.65% a year earlier and up 10.50 percentage points from the prior quarter.
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Analysis
Figs (FIGS) Net Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Figs' Net Margin was 8.72% through Jun 30, 2026, up 7.46 percentage points year-over-year; for FY2025, it was 5.43%, up 4.94 percentage points from FY2024.
- Net Margin shows a five-year change of -13.48 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 0.49% in FY2024 (-3.66 pp), 4.15% in FY2023 (-0.04 pp), 4.19% in FY2022 (+6.47 pp) and -2.28% in FY2021 (-21.19 pp).
- The Q2 2026 figure marks the highest quarterly Net Margin since Q3 2020.
- Compared with a year earlier, Net Margin has increased for five straight quarters, with an average year-over-year change of +2.51 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q2 2022 (a gain of 44.07 percentage points); the worst was Q3 2021 (a drop of 18.39 percentage points).
- Per Business Quant data, FIGS's Net Margin in the three quarters before Q2 2026 was 3.93% (Q1 2026), 9.17% (Q4 2025) and 5.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.18 Bn | 22.38 Bn | 4.80 Bn | 6.35% |
| 2 | Tapestry | 23.99 Bn | 19.95 Bn | 1.56 Bn | 18.53% |
| 3 | Ralph Lauren | 22.76 Bn | 14.85 Bn | 1.44 Bn | 13.38% |
| 4 | Deckers Outdoor | 12.61 Bn | 5.48 Bn | - | - |
| 5 | Lululemon Athletica | 11.29 Bn | 5.54 Bn | 1.46 Bn | 13.63% |
| 6 | Levi Strauss | 8.02 Bn | 4.60 Bn | 1.07 Bn | 10.47% |
| 7 | V F | 6.86 Bn | 3.48 Bn | 917.04 Mn | -5.82% |
| 8 | Gildan Activewear | 6.55 Bn | 5.47 Bn | 459.76 Mn | -3.16% |
| 9 | Birkenstock Holding | 6.11 Bn | 4.43 Bn | 493.89 Mn | 15.23% |
| 10 | Figs | 3.31 Bn | 2.20 Bn | 147.86 Mn | 14.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.43% |
| Mar 31, 2026 | 3.93% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 5.77% |
| Jun 30, 2025 | 4.65% |
| Mar 31, 2025 | -0.08% |
| Dec 31, 2024 | 1.24% |
| Sep 30, 2024 | -1.21% |
| Jun 30, 2024 | 0.76% |
| Mar 31, 2024 | 1.20% |
| Dec 31, 2023 | 6.90% |
| Sep 30, 2023 | 4.32% |
| Jun 30, 2023 | 3.32% |
| Mar 31, 2023 | 1.59% |
| Dec 31, 2022 | 2.34% |
| Sep 30, 2022 | 3.14% |
| Jun 30, 2022 | 3.97% |
| Mar 31, 2022 | 8.08% |
| Dec 31, 2021 | 9.79% |
| Sep 30, 2021 | 6.77% |
API Access
Figs Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=FIGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "FIGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=FIGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();